Maru SF to open in Silicon Valley in November as Korean startup gateway

Maru SF, a startup campus and networking hub operated by the Asan Nanum Foundation, will open in Silicon Valley this November, marking the organizat...

HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch

HYBE Co., a South Korean music powerhouse, is turning up the heat this summer with a wave of major releases, including a live album from its flagshi...

Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A

Celltrion Holdings Co. has secured 1 trillion won ($732 million) in fresh funding and plans to spend half of it this year to buy shares in its biosi...

S.Korea corporate law reform gains bipartisan support

South Korea's ruling Democratic Party’s proposal to strengthen protections for minority investors and enhance board independence has secured t...

NPS, Scape acquire Aussie senior living operator Aveo from Brookfield

South Korea’s state-run pension fund, the National Pension Service (NPS), has partnered with Australia’s student housing specialist Scap...

Hyundai helps Korean economy most with $265 bn contribution

Hyundai Motor Group, the world’s third-biggest automaker, generated the most economic value among major South Korean conglomerates last year, ...

Invesco, SK D&D likely to buy co-living building in Seoul

A consortium between US asset management firm Invesco and the real estate investment arm of SK D&D Co. has been named the preferred buyer of Nou...

Bid heats up for IGIS-owned co-living building in Seoul

An auction for a co-living building, owned by South Korea’s top real estate asset management firm IGIS Asset Management Co., in the hip Hongda...

Shinhan to lead financing for battery storage project in Japan

Shinhan Financial Group will lead 4.9 billion yen ($35 million) in financing for a large-scale battery energy storage system (BESS) construction pro...

South Korea to boost aid for chipmakers to $23 billion, expanding extra budget

South Korea’s government is planning to increase support for chip makers to around $23 billion, proposing a bigger-than-expected supplementary...

South Korea announces emergency support for auto sector against US tariffs

South Korea’s government has announced emergency-support measures for the country’s auto sector, as it rushed to ease the impact of U.S....

S.Korea’s top financial regulator pushes tax support for value-up program

South Korea is ramping up efforts to encourage companies to enhance shareholder value by providing tax support for its corporate value-up program, a...

Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief

Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...

Korea’s 2024 exports hit all-time high, driven by chips, shipments to China

South Korea’s exports, the country’s main growth driver, reached an all-time high in 2024, buoyed by strong semiconductor exports and a ...

South Korea's deadliest plane crash in decades claims 179 lives

A passenger plane carrying 181 people, including six crew members, crashed in southwestern South Korea early Sunday, killing 179 people, according t...

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

Doosan Enerbility to supply TerraPower's SMR equipment

South Korea's Doosan Enerbility Co. said on Thursday it signed a contract with TerraPower to supply the equipments for small modular reactor (SMR).T...

Musinsa, Zozo to support S.Korean fashion brands

South Korea's online fashion platform Musinsa said on Monday it signed a memorandum of understanding (MOU) with Japan's Zozo, the operator of online...

OpenAI, KDB to collaborate to enhance S.Korean AI ecosystem

The US-based OpenAI and Korea Development Bank (KDB) on Tuesday signed a memorandum of understanding (MOU) to support the development of South Kor...

S.Korea to restructure ailing petrochemical industry

South Korea plans to restructure the struggling domestic petrochemical industry amid intensifying competition with Chinese rivals and oversupply by ...

Korea mulls raising US oil imports to cope with Trump trade policies

South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect...

MBK Partners’ 6th buyout fund raises $5 bn at 2nd close

MBK Partners, a North Asia-focused private equity firm, has completed the second closing of its sixth buyout fund at $5 billion, on course to reach ...

Hyundai Rotem to supply ground weapons to Peru

South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...

Korea Zinc drops $1.8 bn rights issue to regain shareholder support

Korea Zinc Inc., the world’s top lead and zinc smelter, on Wednesday withdrew its 2.5 trillion won ($1.8 billion) rights issue as the move to ...

Hyundai Rotem to unveil unmanned firefighting robot

South Korea's Hyundai Rotem Co. unveiled on Thursday an unmanned firefighting robot designed to tackle fires in hazardous environments without riski...

Naver D2SF accelerates investments in Silicon Valley startups

South Korea's online giant Naver Corp.'s startup nurturing organization D2SF (D2 Startup Factory) said on Friday it started to discover and invest i...

LG Uplus to support AI startup creation

South Korea's LG Uplus Corp. said on Wednesday that it launched the startup support program Shift, which aims to discover and nurture startups, incl...

Growing dollar-backed stablecoin trades may destabilize Korean economy

Trading in dollar-backed stablecoins, cryptocurrencies pegged to the US currency, in South Korea hit a record high amid complex and costly currency ...

S.Korea’s reshoring companies pale amid lack of support, incentives

Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemi...

CJ OnStyle, Amazon support K-beauty to enter US market

CJ Onstyle, the at-home TV shopping and e-commerce brand of South Korea’s content and commerce powerhouse CJ ENM Co., said on Thursday th...