K Shipbuilding up for sale as Korean shipyards ride new boom

K Shipbuilding Co., a mid-tier South Korean shipbuilder, will be put on the market this month after a strong turnaround. The deal, estimated at 500 ...

Hyundai, GM near to unveiling EV, pickup truck sharing plan

Hyundai Motor Co. and General Motors Co. are expected to soon announce a vehicle-sharing deal about six months after they signed an agreement for th...

One-third of Korean petrochem bonds incur valuation losses

South Korean institutional investors, including banks, insurers and securities companies, have yet to fully benefit from recent declines in bond yie...

Foreign investors sells $3.86 bn in S.Korean stock market

The Bank of Korea (BOK) said on Wednesday that the foreign investors' net selling in the South Korean stock market was $3.86 billion in December las...

Hyundai, Kia sell 7.23 mn units together in 2024, eye more sales in 2025

Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on...

Hanwha seeks acquisition of sibling feud-mired Korean catering firm Ourhome

South Korea’s Hanwha Group is seeking to acquire local catering service provider Ourhome, embroiled in the owner family's sibling disputes, fo...

Artificial intelligence creates DRAM divide between hot sellers, laggards

In recent years, the big buzz across industries has been around the power of artificial intelligence, with some critics raising concerns about AI ex...

Slowing economy creates opportunity for S. Korean used car sellers

South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...

Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...

Korean cosmetics, Amazon Prime Day’s top beauty products

South Korean cosmetics were top picks among beauty products of Amazon Prime members during the global leading e-commerce platform’s largest an...

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...

Coupang opens Rocket Growth seller website

Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com...

Korean fashion platform Ably to raise $144 mn from Alibaba, others

Ably Corp., South Korea’s top online fashion platform operator, is set to raise 200 billion won ($144 million) from foreign investors such as ...

Shopee to ramp up Korean goods sales in Vietnam, Thailand

Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...

Korea struggles with surging copper scrap exports to China

South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has...

IGIS Asset Management's controlling stake put on sale

South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...

Korea’s Gmarket poised to post 1st profit since Shinsegae’s takeover

Gmarket, a major e-commerce website based in South Korea, likely turned to profit in the fourth quarter of last year, which would mark the first tim...

Foreign net buying of Samsung Elec at record high in 2023

Foreign investors turned net buyers of Samsung Electronics Co. in 2023, reversing their selling spree of the stock over past three years, as the sem...

Korean ELS investors biting nails over sharp falls in Hong Kong shares

Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...

KKR expected to buy 100% stake in Taeyoung Industry

Global private equity giant KKR & Co. Inc. is expected to take over Taeyoung Industry Corp., a cash cow of South Korea’s medium-sized busi...

Naver Smart Store's 100 mn won club reaches 45,000 members

Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...

Hyundai, Kia hope to turn Indians into EV consumers

CHENNAI, INDIA – When Hyundai Motor Co. decided to establish its operations in Chennai, India, 27 years ago, many of its executives in Seoul q...

Samsung weighs retooling Galaxy S series with Exynos chipsets  

Samsung Electronics Co. is seeking to switch the application processors (APs) of some Galaxy S models to its Exynos chipsets next year to lower its ...

Hyundai Department Store, Nestlé forge dietary supplement alliance

Hyundai Department Store Group has chosen multinational food giant Nestlé S.A. as a partner in its long-term drive to expand its bio and heal...

Insatiable Hyundai Motor aspires to lead India with SUVs, EVs

Hyundai Motor Group must become “the first mover” in India, which has emerged as the next fierce battlefield for global car makers after...

Samsung SDS HQ sale likely to be Korea's biggest real estate deal of 2023

The sale of Seoul-based Samsung SDS Co. headquarters, which is likely to become South Korea's largest real estate market deal of 2023, is predicted ...

Samsung perfects the home theater with top-notch multichannel soundbar

Samsung Electronics Co. is not only the world’s biggest TV and memory chip maker but also the global No. 1 soundbar brand thanks to its top-no...

Korean activist fund mired in controversy over SM stock deals

A South Korean private equity firm leading shareholder activism against SM Entertainment Co. is mired in controversy as it has surfaced that it sold...

Koreans’ love for EcoPro stock may jeopardize short-sellers

South Korean individual investors have been chasing shares in EcoPro group, the country’s major electric vehicle battery materials manufacture...

CJ Logistics launches integrated delivery brand O-NE

CJ Logistics, a South Korean logistics company, unveiled on Monday a new delivery brand called "O-NE" that aims to connect online sellers and buyers...