South Korea’s young rich vs old rich: Coins, art outpace bonds, funds
Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, g...
LG Energy to supply EV batteries to Rivian in $6.7 bn deal
LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manu...
Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore
A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...
Stock-rich KCC's shareholdings exceed its market cap
KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...
Young rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...
South Korean brokerages woo super-rich to make them even richer
South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...
Young rich Koreans set sights on M&As, commercial property deals
Young rich Koreans have emerged as big players in South Korea’s asset management market, expanding into M&As and commercial real estate, a...
S.Korea, Indonesia to strengthen battery materials supply chain
South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...
Foreign streetwear brands flock to rich districts in Seoul
Palace Skateboards will likely join other foreign streetwear brands such as Noah, Supreme and Stussy, which have made their debut in South Korea, ta...
BMW premieres new 5 Series in Korea, the model’s top market
German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...
India, LG’s land of promise with young, rich population
NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...
Koreans maintain designer love with used items, 'quiet luxury'
South Koreans are maintaining their love for premium fashion items with purchases of used luxury items and "quiet luxury" goods amid a slowdown in A...
Hanmi Semiconductor sets up local corporation in Vietnam
South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...
Korea’s homegrown OTT Watcha at crossroads amid dearth of cash
South Korea’s homegrown over-the-top (OTT) platform Watcha Inc. is struggling to raise funds as it faces an uphill battle to win over customer...
Super-rich Koreans eye return to stocks despite weaker economy
The super-rich in South Korea are eyeing stocks for investments despite a slowdown in Asia’s fourth-largest economy this year, expecting the l...
South Korean biotech firms tap Middle East as next key market
South Korean biotech companies are speeding up their foray into the Middle East to tap oil money as they seek new growth engines beyond fossil fuels...
Korea boosts energy cooperation with natural resource-rich W.Australia
South Korea has boosted its energy cooperation with Western Australia, the biggest of Australia's six states and packed with natural resources.Minis...
VC firms rake in profit of up to 6 times principal from Raemongraein
Venture capital firms that invested in media production company Raemongraein Co. raked in significant profit from the surge in popularity of the TV ...
Cash-rich Nongshim pursues first-ever sizeable acquisition
Nongshim Co., South Korea’s No. 1 instant noodle brand, is looking to buy a domestic food supplement maker for up to $50 million, which would ...
Korea Zinc buys US e-waste recycling firm for $332 mn
Korea Zinc, the world’s largest lead and zinc smelter, agreed to buy a majority stake in a US-based electronic waste recycling company for $33...
SK Ecoplant's pre-IPO enjoys attention from wealthy individuals
The pre-initial public offering of SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is becoming a hot topic in private bank...
Korean activist fund KCIG to sell Hanjin KAL stake to local builder
South Korea’s activist fund Korea Corporate Governance Improvement Fund (KCGI) has decided to sell its stake in Hanjin KAL, the holding compan...
App-rich LG smart TVs blur lines with smartphones
From home workouts to math and science courses, thousands of apps now available on LG smart TVs are blurring the lines between TVs and smartphones.S...
Korea’s cash-rich firms issue more bonds amid low interest environment
Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...
Korea’s super-rich: How their wealth ballooned during the pandemic
In South Korea, just like any other major economies, the stock market has been a mine of gold even for small investors, who enjoyed hefty gains from...
Korean biotech firm produces krill oil with top phospholipid content
South Korea’s biotechnology firm Biocorp Co. has produced krill oil containing 61% phospholipids, the highest level in the world, and has begu...
