South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out of China after struggling for years to do business there amid a US-China diplomatic dispute.Company officials said on Friday it signe
4 HOURS AGO
HYBE Co., a company behind boy band BTS, has reported Min Hee-jin, the chief of popular girl group NewJeans’ label ADOR, to police for investigations over her alleged coup attempt, heralding a legal fight between the K-pop powerhouse and one of its high-performing labels.HY
4 HOURS AGO
South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s lucrative cargo unit worth up to 500 billion won ($364 million) after the country's No. 1 budget carrier Jeju Air Co. dropped out of
19 HOURS AGO
Japan’s Honda Motor Co. and South Korea’s POSCO Future M Co. agreed to build a battery material plant in Canada where the automaker decided to invest $11 billion in an electric vehicle production complex to meet US requirements for clean cars federal tax benefits.Honda on Thursday said it will set up a cathode active material and precursor processing plant through a joint venture partnership with POSCO Future M as a part of the carmak
4 HOURS AGO
MOST READ
COMPANIES
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Shipping & ShipbuildingHMM enhances maritime safety with AI technology
HMM Co., South Korea’s leading sea carrier, announced on Friday its adoption of an advanced AI image analysis solution 'Deep Eyes', aimed at boosting safety management across its fleet.Developed by GlobeAI, a startup founded by professors from
49 MINUTES AGO
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AirlinesKorean Air to launch Incheon-Macau route in July
Korean Air Lines Co., the leading full-service airline in South Korea, announced on Friday that it will launch flights on the Incheon-Macau route starting July 1. The airline will operate flights daily, maintaining a schedule of seven times per week.
5 HOURS AGO
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RetailStarfield starts 4th annual balloon festival
Starfield, a chain of large shopping malls owned by Shinsegae, a South Korean retail company, announced on Friday that its 4th annual balloon festival, which began on April 25 at its Hanam location, will feature a variety of large character balloons
6 HOURS AGO
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AutomobilesHyundai to produce hybrid cars at EV-only plant in Georgia
Hyundai Motor Co., South Korea’s top automaker, plans to manufacture hybrid models at its electric vehicle and battery plant in the US state of Georgia given the longer-than-expected slowdown in the global EV industry.“We are investing in
22 HOURS AGO
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KOREAN INVESTORS
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to exp
Apr 24, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock value in the first quarter of this year as shares in the battery sector tumbled amid the electric vehi
Apr 21, 2024 (Gmt+09:00)
North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years after the PE house failed in its takeover bid, banking sources said on Thursday. MBK executives have rec
Apr 18, 2024 (Gmt+09:00)
Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate managers Jones Lang LaSalle (JLL) and Colliers, the lead managers for the sale, said on Tuesday they will s
Apr 16, 2024 (Gmt+09:00)
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1 million of liquid financial assets and seek steady returns on alternative investments.The global priv
Apr 16, 2024 (Gmt+09:00)
M&A
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InsuranceKorea's Lotte Insurance up for sale for around $1.5 bn
Apr 23, 2024 (Gmt+09:00)
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Mergers & AcquisitionsBlackstone signs over $1 bn deal with MBK for 1st Korean exit
Apr 22, 2024 (Gmt+09:00)
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Real estateHanjin KAL to sell Waikiki Resort to Sono for $101 mn
Apr 19, 2024 (Gmt+09:00)
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Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyed
Apr 16, 2024 (Gmt+09:00)
3 Min read
ECM/DCM
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E-commerceAlibaba eyes 1st investment in Korean e-commerce platform
Apr 22, 2024 (Gmt+09:00)
2 Min read -
Corporate bondsSK Chemicals' bond offering oversubscribed 8 times
Apr 19, 2024 (Gmt+09:00)
1 Min read -
Private equityAffinity eyes full control of food container maker Lock & Lock
Apr 18, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Short sellingKorea builds system to speed up naked short-selling ban
South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the financial watchdog has detected an increase in the illegal practice by institutional investors over the past few years. The government measure comes after some global investment banks, such as The Hong
22 HOURS AGO
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Korean stock marketMSCI Korea likely to add 3 stocks: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index when the global stock index provider conducts regular index rebalancing next month, according to Samsung Securities Co. The probability of the trio’s inclusion in the MSCI Korea Index in May is 90%,
Apr 19, 2024 (Gmt+09:00)
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EconomyRising South Korean food prices: Now it’s dried seaweed's turn
First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other countries, food prices in South Korea keep going up -- with everyone biting their nails, hoping for moderating prices of everyday food and goods soon.Chances are slim, however, as price hikes are not just
Apr 18, 2024 (Gmt+09:00)
3 Min read
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar level, as foreign investors sold the country’s assets on the growing concerns over a wider Middle East conflict and expectations of the US Federal Reserve’s slower interest rate cut.The won los
Apr 16, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Korean gamesKorea’s Smilegate unveils new RPG Chaos Zero Nightmare
Apr 22, 2024 (Gmt+09:00)
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FashionLouis Vuitton, Chanel, Dior see Korean profits fall in 2023
Apr 19, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
2 Min read