Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

Kakao Pay backs out of acquisition deal for Shinsegae’s SSG Pay, Smile Pay

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., has pulled out of a deal to acquire two ...

S.Korea’s most prominent business leader returns with all charges cleared

S.Korea’s most prominent business leader returns with all charges cleared

After nearly a decade spent fighting allegations of corporate wrongdoing, Samsung Electronics Co. Chairman Lee Jae-yong has been acquitted on all ch...

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

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...

Vietnam’s top leader to make 1st South Korea visit in 11 years

Vietnam’s top leader to make 1st South Korea visit in 11 years

To Lam, general secretary of Vietnam’s Communist Party and the country’s de facto ruling leader, is expected to make a state visit to So...

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...

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

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...

S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion 

S.Korea’s Bebesup earns China nod for baby skincare, eyes global expansion 

Bebesup, a leading South Korean baby skincare and wipe brand, has secured a registration certificate from the China National Medical Products Admini...

Deal graveyard: S.Korean F&B franchise sales left without takers

Deal graveyard: S.Korean F&B franchise sales left without takers

Korean food is making waves globally, but back home, the story is different for food and beverage franchise operators. Franchisors in South Korea ar...

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries

LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries

Ultium Cells LLC, a battery joint venture between South Korea’s LG Energy Solution Ltd. and General Motors Co., will upgrade its battery cell ...

K-beauty craze sends Olive Young online sales to new heights

K-beauty craze sends Olive Young online sales to new heights

CJ Olive Young Corp., South Korea’s top beauty store chain, is another beneficiary of the global K-beauty surge, with its online cosmetics sal...

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

With waning MZ interest, is heyday over for S.Korea’s golf apparel market?

With waning MZ interest, is heyday over for S.Korea’s golf apparel market?

South Korea’s once-dominant golf apparel market, the largest in the world at its peak, is rapidly losing steam, as sales tumble and brands scr...

LG links up with Chinese rivals for budget appliance supremacy

LG links up with Chinese rivals for budget appliance supremacy

LG Electronics Inc. has turned its rivals into allies in an unlikely pact to win the budget appliance war and ward off Chinese competitors rapidly e...

Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes opens world’s 1st Maybach flagship center in Seoul

Mercedes-Benz Group on Monday opened the world’s first Maybach Brand Center in Seoul, its largest-ever dealership dedicated to the ultra-luxur...

POSCO to supply HIC-resistant steel for Aramco’s Fadhili gas plant

POSCO to supply HIC-resistant steel for Aramco’s Fadhili gas plant

POSCO, South Korea’s largest steelmaker, will supply hydrogen-induced cracking (HIC)-resistant steel to Saudi Arabian Oil Co., or Aramco, for ...

Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead

Samsung supplies newest nanoprism image sensors to Xiaomi to crack Sony’s lead

Samsung Electronics Co. is supplying a new high-performance image sensor featuring nanoprism technology to China’s Xiaomi, as the South Korean...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet

South Korea’s Hyundai Glovis Co. is poised to become the world’s first shipping company to deploy artificial intelligence-based autonomo...

Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media

Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media

What was once a world of elves, dragons and power-ups is now giving rise to one of South Korea’s most unexpected tech revolutions, with game s...

Return of the K-pop queens: Blackpink, Twice power up YG, JYP

Return of the K-pop queens: Blackpink, Twice power up YG, JYP

Blackpink and Twice, two of South Korea’s most prominent K-pop female acts, made high-profile returns on Friday with new releases, heightening...

South Korean airlines bank on China routes for profit recovery

South Korean airlines bank on China routes for profit recovery

South Korean airlines are ramping up international routes, particularly to China, Japan and Southeast Asian countries, in a bid to boost profitabili...

Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold

Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold

NEW YORK – Samsung Electronics Co. plans to release its first triple-folding smartphone by the end of this year to fend off growing competitio...

IMM Credit closes $700 mn blind credit fund backed by NPS

IMM Credit closes $700 mn blind credit fund backed by NPS

IMM Credit & Solutions Inc. (ICS), the private credit unit of South Korea’s major investment firm IMM Holdings Inc., has raised nearly 1 t...

Cohen & Steers names Andrew Shin to lead S.Korea institutional business

Cohen & Steers names Andrew Shin to lead S.Korea institutional business

US-based investment firm Cohen & Steers Inc. has appointed Andrew Shin, a 20-year veteran of the institutional investment market, as vice presid...

Rap icon Cardi B joins K-beauty’s celebrity fan club with BB cream

Rap icon Cardi B joins K-beauty’s celebrity fan club with BB cream

Cardi B, the Grammy-winning rapper, has joined the growing list of celebrities spotlighting Korean beauty products, fueling a new wave of global ent...

South Korea’s ex-President Yoon re-arrested over martial law decree

South Korea’s ex-President Yoon re-arrested over martial law decree

Former South Korean President Yoon Suk Yeol was taken back into custody early Thursday over his short-lived martial law declaration last December, a...

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features

Samsung’s latest Galaxy Z foldables: Slimmest, lightest yet smarter with AI features

NEW YORK – Samsung Electronics Co. has unveiled its slimmest and most powerful foldable smartphones yet, loading them with artificial intellig...

S.Korea to overhaul retirement pension system, introduce competition for higher returns

S.Korea to overhaul retirement pension system, introduce competition for higher returns

South Korea is planning a sweeping overhaul of its corporate retirement pension system by introducing a competitive, fund-based model that would pit...

Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares

Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn in shares

Seoul-based private equity firm Hahn & Co. will award employees of Namyang Dairy Products Co., a South Korean dairy product producer, 1.6 billio...

Seoul vows zero-tolerance measures against unfair stock trading

Seoul vows zero-tolerance measures against unfair stock trading

South Korea’s top financial regulators and its stock exchange operator will launch a joint task force to strengthen oversight of unlawful fina...

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