Bain Capital sells 6% stake in Korea’s Classys via block deal for $163 million

Bain Capital sells 6% stake in Korea’s Classys via block deal for $163 million

Bain Capital LP has offloaded a 6% stake in South Korean medical aesthetics company Classys Inc. through a block trade, raising 228 billion won ($16...

Dunamu slapped with 3-month business suspension order

Dunamu slapped with 3-month business suspension order

Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange Upbit, has been hit with a three-month partial business suspension ...

Hyundai Mobis develops leaf spring with advanced materials

Hyundai Mobis develops leaf spring with advanced materials

South Korea's Hyundai Mobis, the world’s fifth-largest auto parts supplier, said on Monday that it developed a leaf spring using lightweight p...

S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal

S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal

South Korea’s homegrown fighter jet KF-21 is competing against US defense firm Lockheed Martin Corp.’s F-16 for the Philippine governmen...

Kioxia’s TSE IPO: Boon for SK Hynix, bane for Samsung Electronics?

Kioxia’s TSE IPO: Boon for SK Hynix, bane for Samsung Electronics?

TOKYO – The planned initial public offering (IPO) of Japanese memory chipmaker Kioxia Holdings Corp. is expected to affect its bigger South Ko...

GM Korea’s 2024 sales growth likely stunted due to protracted labor strike

GM Korea’s 2024 sales growth likely stunted due to protracted labor strike

GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...

Korea may partially lift short-selling ban from June: regulator

Korea may partially lift short-selling ban from June: regulator

NEW YORK -- South Korea may partially lift a ban on short selling in the domestic stock market from as early as June, before removing the blanket ba...

Hanwha resumes $10 billion Bismayah new city project in Iraq

Hanwha resumes $10 billion Bismayah new city project in Iraq

South Korea’s Hanwha Corp. is resuming a $10 billion project to build a Bismayah new city in Iraq after a 16-month hiatus as stakeholders see ...

DL E&C’s 1915 Çanakkale Bridge named Project of the Year

DL E&C’s 1915 Çanakkale Bridge named Project of the Year

South Korea’s DL E&C Co. announced on Wednesday that 1915 Çanakkale Bridge in Türkiye, completed by the company, received th...

Eastar Jet resumes int'l flights after three and half years

Eastar Jet resumes int'l flights after three and half years

South Korea's low-cost carrier Eastar Jet on Sunday said it resumed international flights for the first time in three and a half years starting with...

Celltrion gets OK partial approval for phase 3 of biosimilar in Europe

Celltrion gets OK partial approval for phase 3 of biosimilar in Europe

South Korean biopharmaceutical company Celltrion Inc. announced on Tuesday that it has received approval from the European Medicines Agency (EMA) fo...

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air resumes flights from Busan to Japan after three-year suspension

Korean Air Lines Co., the largest airline and flag carrier of South Korea, said on Tuesday that it would resume its operations on the Busan-Fukuoka ...

Tribunal partially accepts Elliott’s claims over Samsung merger

Tribunal partially accepts Elliott’s claims over Samsung merger

The International Center for Settlement of Investment Disputes (ICSID) on Tuesday ruled in favor of US-based hedge fund Elliott Investment Managemen...

EastarJet to resume flights after three years of suspension

EastarJet to resume flights after three years of suspension

South Korean budget carrier EastarJet will resume flights on the domestic Gimpo-Jeju route on Mar. 26 after a three-year hiatus due to the COVID-19 ...

Bangladesh: Hyundai’s next target for partially assembled Tucson SUV

Bangladesh: Hyundai’s next target for partially assembled Tucson SUV

Bangladesh has long been a tough market for South Korean automakers to break into, given the decades-old dominance of Japanese carmakers such as Toy...

Samsung suspends staff overseas training to cut costs

Samsung suspends staff overseas training to cut costs

Samsung Group canceled overseas training for South Korean staff for the first time in 32 years as the country’s top conglomerate tried to cut ...

Korea's NPS to get partial tax refund on US real estate sales

Korea's NPS to get partial tax refund on US real estate sales

South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US Internal Revenue Ser...

POSCO partially restarts Pohang furnaces flooded by typhoon

POSCO partially restarts Pohang furnaces flooded by typhoon

POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, has partially restarted its blast furnaces at its main plant in ...

Celltrion Healthcare logs record-high Q2 revenue on back of Remsima

Celltrion Healthcare logs record-high Q2 revenue on back of Remsima

Celltrion Healthcare Co., South Korean biopharmaceutical giant Celltrion Inc.’s global marketing affiliate, posted its record-high second-quar...

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers deliver unfinished cars due to chip shortage

Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...

SM Line joins growing list of S.Korean IPO dropouts

SM Line joins growing list of S.Korean IPO dropouts

SM Line Corp. on Wednesday became the latest South Korean company to drop its initial public offering plan on disappointing institutional interest.T...

KT makes partial exit from travel platform Yanolja

KT makes partial exit from travel platform Yanolja

South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...

Hanwha partially sells stake in controversial Nikola

Hanwha partially sells stake in controversial Nikola

Hanwha Group has made a partial exit from Nikola Corporation, one of the most controversial firms in the US hydrogen sector. Green Nikola Holdings L...

Mando wins $1.2 bn suspension parts order from Volkswagen

Mando wins $1.2 bn suspension parts order from Volkswagen

South Korean auto parts maker Mando Corp. will supply 1.4 trillion won ($1.2 billion) worth of suspension system components to Volkswagen AG over th...

Coupang sets partial early lockup release; CEO sells $42 mn in shares

Coupang sets partial early lockup release; CEO sells $42 mn in shares

South Korea’s e-commerce giant Coupang Inc. has announced an early stock lockup release to occur at the open of trade on Mar. 18 on the New Yo...

Kakao Pay backs out of acquisition deal for SSG Pay, Smile Pay Hanwha in talks to buy five-star hotel Paraspara Seoul Kia's Lego-like PV5 with 16 variants to hit market in July Stray Kids make K-pop history with landmark stadium show in Germany S.Korea’s most prominent business leader returns with all charges cleared