Hyundai Motor Group Chairman and Chief Executive Chung Euisun visited the headquarters of the group’s Indian operations earlier this week and met its employeees, according to industry sources, stoking market speculation the South Korean automotive group might accelerate the
3 HOURS AGO
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the first quarter with record quarterly sales, emerging as the latest chipmaker to confirm a solid recovery in the memory semiconductor mar
6 HOURS AGO
KT&G Corp., the world’s fifth-largest tobacco maker, faced a $2 billion damages suit from a former employee, who claimed the South Korean company did not properly reward him although he invented the world’s first heat-not-burn cigarette.Kwak Dae-geun, a former KT&
4 HOURS AGO
Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in the first quarter largely thanks to an increase in inland delivery of finished cars in overseas markets and high car shipping rates.The logistics and shipping unit of South Korea's Hyundai Motor Group announced in a regulatory filing on Thursday that its operating profit for the first quarter ended in M
25 MINUTES AGO
MOST READ
COMPANIES
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Beauty & CosmeticsCJ Olive Young opens Hongdae Town for K-beauty experience
CJ Olive Young Corp., South Korea’s top beauty store chain, announced on Thursday that it will open Olive Young Hongdae Town, a specialty store that enhances the K-beauty offline experience, starting the next day.Olive Young Hongdae (Hongik Uni
32 MINUTES AGO
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LogisticsLotte Global Logistics, Megvii to collaborate AI logistics
South Korea's Lotte Global Logistics announced on Thursday that it signed a memorandum of understanding (MOU) with Megvii Technology, a Chinese artificial intelligence (AI) logistics. Under the MOU, the two companies will collaborate on proof of conc
43 MINUTES AGO
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AutomobilesHyundai AutoEver gets CSMS Level 3 certification
South Korea's Hyundai AutoEver Corp. announced on Thursday that it obtained the international standard Cybersecurity Management System (CSMS) Level 3 certification from TUV Rheinland, the Germany-based global testing and certification organization. C
1 HOURS AGO
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ElectronicsLG’s washers selected as best by Consumer Reports
LG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evaluated categories included front loaders, HE top-loaders, and agitator top-loaders, all dominated by LG E
4 HOURS AGO
1 Min read
Hidden Champions
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T-Robotics
Published: Mar 25, 2021
Last updated: Jan 30, 2023
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Buhmwoo Group
Published: Apr 21, 2021
Last updated: Jan 30, 2023
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Jong Ie Nara
Published: May 26, 2021
Last updated: Apr 15, 2022
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DCM
Published: Dec 09, 2022
Last updated: Jan 30, 2023
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Point Mobile
Published: Sep 14, 2021
Last updated: May 10, 2022
Future Unicorns
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BJ BIOCHEM
Published: Oct 21, 2022
Last updated: Nov 04, 2022
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iCore
Published: Oct 07, 2022
Last updated: Apr 17, 2023
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Fridays Lab
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Last updated: Nov 10, 2023
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S.lab Asia
Published: Jul 20, 2022
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L-Base
Published: Oct 21, 2022
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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
24 HOURS AGO
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)
1 Min read -
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)
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Private equityAffinity eyes full control of food container maker Lock & Lock
Apr 18, 2024 (Gmt+09:00)
1 Min read -
ECM/DCMLG Electronics seeks to sell global bonds, 1st time in 12 yrs
Apr 08, 2024 (Gmt+09:00)
1 Min read
MARKETS
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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)
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Foreign exchangeKorean won at 17-month low on Middle East woes, Fed rate view
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)
4 Min read
South Korean brokerage firms are ramping up sales of long-term bonds to refinance their loans by repaying short-term debts in hopes of a rate cut by the US Federal Reserve.KB Securities Co. held bookbuilding on Monday to sell 200 billion won ($143 million) worth of bonds rated AA+. The bond issue breaks down into 50 billion won in bonds with an 18-
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