K-beauty contract manufacturers see record Q2 profits; rally likely to continue

K-beauty contract manufacturers see record Q2 profits; rally likely to continue

South Korea’s major original design manufacturers (ODMs) for cosmetics, led by Cosmax Inc. and Kolmar Korea Co., are estimated to have posted ...

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...

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...

Google Maps, Blackpink fans’ must-have item for Deadline World Tour

Google Maps, Blackpink fans’ must-have item for Deadline World Tour

Blinks, the official name of Blackpink's global fandom, is set to enjoy the South Korean girl group’s concerts in the US more conveniently wit...

South Korea moves to mandate treasury share cancellation

South Korea moves to mandate treasury share cancellation

South Korea’s ruling Democratic Party is accelerating its push to boost shareholder value by requiring listed companies to cancel treasury sha...

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...

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...

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...

Korean waste management firm Koentec put on market for $730 mn

Korean waste management firm Koentec put on market for $730 mn

Korea Environment Technology Co. (Koentec) is up for sale in a deal that could fetch up to 1 trillion won ($730.4 million) with global private equit...

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung’s Q2 operating profit halves amid sluggish chip sales

Samsung Electronics Co.'s operating profit in the second quarter missed market expectations, with a 56% on-year fall, as its mainstay semiconductor ...

Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A

Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A

Celltrion Holdings Co. has secured 1 trillion won ($732 million) in fresh funding and plans to spend half of it this year to buy shares in its biosi...

Roborock’s privacy policy fuels data leak fears over Chinese goods

Roborock’s privacy policy fuels data leak fears over Chinese goods

A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...

The wait is over: BTS are back with new album, global tour in spring 2026

The wait is over: BTS are back with new album, global tour in spring 2026

Now the wait is over.BTS are back – as a full-member group after a four-year hiatus.The seven-member boy band is returning with a new album in...

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...

Affinity Equity nets $220 mn from block sale of Shinhan Financial

Affinity Equity nets $220 mn from block sale of Shinhan Financial

Affinity Equity Partners has unloaded its remaining shares in Shinhan Financial Group, the second largest banking group in South Korea, for about 58...

KakaoBank rallies after winning Thai virtual banking license

KakaoBank rallies after winning Thai virtual banking license

Shares in KakaoBank Corp. soared as much as 17% to hit their highest level in nearly three years on Friday after the South Korean internet-only bank...

Kolmar patriarch wants shares gifted to son back amid sibling rivalry

Kolmar patriarch wants shares gifted to son back amid sibling rivalry

In a dramatic and unprecedented legal move that has shaken South Korea’s corporate landscape, Kolmar Group founder and Chairman Yoon Dong-han ...

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

Tencent eyes 2nd-largest stake in Kakao Mobility amid broader Korea push

Chinese tech giant Tencent Holdings Ltd. has emerged as a surprise contender in a race to acquire a roughly 40% stake in Kakao Mobility Corp., the o...

Genesis targets broader European presence with EV trio

Genesis targets broader European presence with EV trio

Genesis, Hyundai Motor Co.'s premium brand, is expanding its European footprint to four additional countries –France, Spain, Italy and the Net...

Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds

Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds

South Korea has finally agreed to reduce Indonesia’s contribution to their joint KF-21 fighter jet development project by two thirds to 600 bi...

Nexon Games shares rally on Tencent’s possible Nexon acquisition

Nexon Games shares rally on Tencent’s possible Nexon acquisition

Shares of Nexon Games Co., the game-developing studio under Nexon Co., surged on Friday morning after Bloomberg reported on Chinese IT giant Tencent...

Koramco targets $7 bn bet on Korea data centers

Koramco targets $7 bn bet on Korea data centers

Koramco Asset Management Co., South Korea’s leading real estate investment firm, plans to invest 10 trillion won ($7 billion) in domestic data...

Hyundai Motor Group dominates US Best Cars for Teens awards

Hyundai Motor Group dominates US Best Cars for Teens awards

Hyundai Motor Group has claimed seven out of 12 categories in US News & World Report’s Best Cars for Teens for 2025 awards, marking its fo...

Baby Shark video creator files for Kosdaq IPO

Baby Shark video creator files for Kosdaq IPO

The Pinkfong Company Inc., the creator of the billion-view video Baby Shark, has launched the process of an initial public offering on South Korea&r...

NPS to lift stock holdings to 55% by 2030, raising risk appetite

NPS to lift stock holdings to 55% by 2030, raising risk appetite

The National Pension Service (NPS) plans to raise its equity allocation to about 55% of its assets by 2030 from 40.4% as of the end of February, Sou...

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

Tencent Music Entertainment Group is set to become the second-largest shareholder of SM Entertainment Co. by acquiring HYBE Co.'s remaining shares i...

Celltrion shares rise after bonus issue announcement   

Celltrion shares rise after bonus issue announcement   

Celltrion Inc., South Korea’s largest biosimilar developer, will issue bonus shares to bolster its stock performance, which has been in the do...

Europe looms large as K-beauty brands look to blue ocean; shares rise

Europe looms large as K-beauty brands look to blue ocean; shares rise

South Korea’s beauty industry has been reaping decent gains from traditionally strong markets such as China and the US – the world&rsquo...

NPS gobbles up Korea’s top 4 financial holding stocks

NPS gobbles up Korea’s top 4 financial holding stocks

South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four fina...

KKR sells 9.5% stake in HD Hyundai Marine, recoups $450 million

KKR sells 9.5% stake in HD Hyundai Marine, recoups $450 million

Global private equity firm KKR & Co. Inc., formerly known as Kohlberg Kravis Roberts & Co., has sold a 9.5% stake in HD Hyundai Marine Solut...

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