Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha Hotels & Resorts Co. is in talks to acquire Paraspara Seoul, a five-star hotel and resort, up for sale by a property developer facing lia...

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution, Toyota Tsusho launch battery recycling JV in US

LG Energy Solution Ltd. has set up a battery recycling joint venture with Toyota Tsusho Corp. in the US, deepening the South Korean battery giant&rs...

Elliott loses appeal over $19 mn claim against Samsung C&T

Elliott loses appeal over $19 mn claim against Samsung C&T

A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for a...

RedotPay lands in Seoul with crypto cards

RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disr...

Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong

Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen Deloitte Anjin LLC as its lead manager to sell Four Points...

STIC Investments draws activist interest, including Align Partners

STIC Investments draws activist interest, including Align Partners

STIC Investments Inc., South Korea’s only listed private equity firm, has become the latest target of shareholder activism as Seoul-based Alig...

Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy begins IPO process, key to 3rd-generation shift

Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...

MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business

MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business

North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...

DIG Airgas, Air Products Korea: Two Korean megadeals in the offing

DIG Airgas, Air Products Korea: Two Korean megadeals in the offing

South Korea’s mergers and acquisitions market is gearing up for two megadeals involving specialty gas makers, worth 5 trillion won ($3.4 billi...

Yanolja launches NOL Universe after merging OTA platforms

Yanolja launches NOL Universe after merging OTA platforms

SoftBank-backed Yanolja Co., South Korea’s top travel and accommodation booking platform operator, on Friday introduced a new platform called ...

Korea’s Naver Pay partners with WeChat Pay for mobile payments in China

Korea’s Naver Pay partners with WeChat Pay for mobile payments in China

South Korean tech giant Naver Corp. said on Tuesday it has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service usin...

SK Biopharm submits NDA of epilepsy drug to China

SK Biopharm submits NDA of epilepsy drug to China

South Korea's SK Biopharmaceuticals Co. said on Tuesday it submitted the new drug application (NDA) for its flagship epilepsy drug Cenobamate to Chi...

SK Hynix to produce HBM4 on 3 nm foundry process in 2025

SK Hynix to produce HBM4 on 3 nm foundry process in 2025

SK Hynix Inc. will adopt the 3-nanometer process, the most advanced foundry technology available, to produce customized HBM4 chips in the second hal...

Corstone Asia, Q Capital Partners to sell Norang Tongdak

Corstone Asia, Q Capital Partners to sell Norang Tongdak

South Korean private equity firms (PEF) Corstone Asia and Q Capital Partners plan to sell Norang Tongdak, the Korean-style fried chicken franchise.&...

SK Hynix starts mass production of 321-High NAND

SK Hynix starts mass production of 321-High NAND

SK Hynix Inc., the world’s second-largest memory chipmaker, announced on Thursday the mass production of its 321-layer 1-terabit (Tb) triple...

Kia, KEPCO collaborate to build power ecosystem using PBV

Kia, KEPCO collaborate to build power ecosystem using PBV

South Korea's Kia Corp. and Korea Electric Power Corp. (KEPCO), the state-run utility company, said on Thursday that they signed a memorandum of und...

Samsung Bioepis eyes record sales in 2024 after stellar Q3

Samsung Bioepis eyes record sales in 2024 after stellar Q3

Samsung Bioepis Co., Samsung Biologics Co.'s fully owned biosimilar subsidiary, is expected to post its best-ever annual revenue this year after sal...

LG Electronics unveils value-up plans, begins Indian arm IPO process

LG Electronics unveils value-up plans, begins Indian arm IPO process

LG Electronics Inc., the world’s largest home appliances maker, on Tuesday announced plans to unlock value by accelerating its transformation ...

Naver Pay partners with GLN International

Naver Pay partners with GLN International

South Korea's Naver Pay announced on Wednesday that it partnered with Hana Bank’s global payment network subsidiary, GLN International, to lau...

LG to invest $762 mn in webOS to transform into platform-based tech giant

LG to invest $762 mn in webOS to transform into platform-based tech giant

LG Electronics Inc., the leading global home appliance maker, plans to invest more than 1 trillion won ($762 million) in its multitasking operating ...

India offers Korean firms detailed guidance for forays into India

India offers Korean firms detailed guidance for forays into India

India’s finance ministry, central bank and stock market operator outlined the country’s regulatory and investment environment for South ...

Hana Card's debit card overseas payment reaches 50%

Hana Card's debit card overseas payment reaches 50%

South Korea's Hana Card reported on Friday that its domestic market share in overseas debit card payments has reached nearly 50%.The number of sub...

SK Hynix unveils industry’s 1st 10-nanometer DDR5, aims for top spot

SK Hynix unveils industry’s 1st 10-nanometer DDR5, aims for top spot

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., has emerged as the dominant player in the sought-aft...

BC Card, Uzbekistan to connect payment network

BC Card, Uzbekistan to connect payment network

South Korea's BC Card said on Monday that it signed a contract with Uzbekistan's state-run payment operator National Interbank Processing Center (NI...

Lotte develops nickel-plated foil for solid-state batteries

Lotte develops nickel-plated foil for solid-state batteries

Lotte Energy Materials Corp., a major South Korean battery materials maker, said on Tuesday it has developed a nickel-plated copper foil for use in ...

Samsung’s new 2 nm foundry process to cut chip size by 17%

Samsung’s new 2 nm foundry process to cut chip size by 17%

A new contract chipmaking technology, dubbed the backside power delivery network (BSPDN), will reduce the size of a 2-nanometer chip by 17%, compare...

KT posts Q2 profit drops on pay raises, bonus payments

KT posts Q2 profit drops on pay raises, bonus payments

KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reve...

Lotte Wellfood expands dairy exports to Vietnam

Lotte Wellfood expands dairy exports to Vietnam

South Korea's Lotte Wellfood Co. announced on Thursday that it will increase dairy exports to the Vietnamese market.The products newly exported to V...

Qoo10’s Korean units delay seller payments amid expansions

Qoo10’s Korean units delay seller payments amid expansions

Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...

Bibigo opens store in Incheon Airport duty-free shops

Bibigo opens store in Incheon Airport duty-free shops

CJ CheilJedang Corp.'s Korean food brand Bibigo announced on Tuesday that it recently opened its stores at Shinsegae Duty Free and Shilla Duty Free ...

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