North Korea
Real estate
Mirae Asset to be named Korea Post’s core real estate fund operator
Apr 29, 2025 (Gmt+09:00)
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Bio & Pharma
Celltrion unveils cancer medicine to expand new drug pipelines
South Korea’s leading biosimilar drug developer Celltrion Inc. on Sunday unveiled an anticancer medicine to expand new pipelines and accelerate...
Apr 28, 2025 (Gmt+09:00)
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Economy
Korea’s Q1 economic contraction adds to stimulus expectations
South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact ...
Apr 24, 2025 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport to upgrade, operate Uzbek airfield in $140m deal
INCHEON – South Korea’s Incheon International Airport Corp. (IIAC) is set to upgrade and operate an airfield in Uzbekistan to expand the ...
Apr 23, 2025 (Gmt+09:00)
2 Min read -
Economy
Trump’s tariffs are hitting exports, early Korean data show
The effects of President Trump’s new tariffs are starting to be felt across the world, preliminary South Korean trade data suggest, as Seoul pr...
Apr 23, 2025 (Gmt+09:00)
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Travel & Leisure
Korean hotels bask in rising foreign visitors; travel agencies in trouble
Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from a...
Apr 22, 2025 (Gmt+09:00)
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Automobiles
Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown
Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope ...
Apr 20, 2025 (Gmt+09:00)
4 Min read -
E-commerce
Naver, Kurly tie up to counter e-commerce giant Coupang
South Korea’s online giant Naver Corp. and dawn grocery platform service provider Kurly Inc. have joined forces for a potential stake acquisiti...
Apr 20, 2025 (Gmt+09:00)
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Shareholder activism
Korea not to appeal ruling in favor of Mason Capital in Samsung case
South Korea said on Friday it has decided not to appeal a Singaporean court’s rejection of its lawsuit to annul an investor-state dispute settl...
Apr 18, 2025 (Gmt+09:00)
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Automobiles
Kia EV3 named 2025 World Car of the Year; Hyundai Inster wins EV award
NEW YORK – Hyundai Motor Group, the world’s third-largest automaker, snagged top trophies for its low-cost electric vehicles at the 2025 ...
Apr 17, 2025 (Gmt+09:00)
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Shareholder activism
US PE firm Miri Capital ups stake in Korea’s STIC Investments
US private equity firm Miri Capital Management LLC said on Tuesday it has raised its stake in STIC Investments Inc. to step up its shareholder activi...
Apr 16, 2025 (Gmt+09:00)
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Real estate
Mirae, Koramco, Hana shortlisted for Korea Post’s core real estate fund
Mirae Asset Global Investments Co., Koramco REITs Management and Trust Co. and Hana Alternative Asset Management Co. were shortlisted for the mandate...
Apr 14, 2025 (Gmt+09:00)
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Private equity
Glenwood PE to increase blind fund to $1 bn on pension funds’ interest
South Korea’s Glenwood Private Equity Co. is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad,...
Apr 11, 2025 (Gmt+09:00)
2 Min read -
Automobiles
Hyundai chief Chung, GM CEO Barra to meet September in Detroit
Hyundai Motor Group Executive Chairman Chung Euisun and General Motors Co. Chair and Chief Executive Mary Barra are slated to meet in September in De...
Apr 09, 2025 (Gmt+09:00)
2 Min read -
Automobiles
Korea’s KG Mobility teams up with Chery to develop mid to large SUVs
KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-large...
Apr 02, 2025 (Gmt+09:00)
1 Min read -
E-commerce
Luxury fashion platform Balaan files for court receivership amid slump
South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as th...
Mar 31, 2025 (Gmt+09:00)
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Mergers & Acquisitions
KKR, Carlyle, Hillhouse race to buy Korean beauty device maker Classys
Global private equity giants such as KKR & Co., Carlyle Group and Hillhouse Capital Group Holdings are vying to acquire Classys Inc. as the South...
Mar 26, 2025 (Gmt+09:00)
2 Min read -
Bio & Pharma
Celltrion to sell autoimmune drug Stelara biosimilar at Costco in US
South Korea’s leading biosimilar drug developer Celltrion Inc. said on Monday it is set to sell Steqeyma, a biosimilar to autoimmune disease tr...
Mar 25, 2025 (Gmt+09:00)
1 Min read -
Business & Politics
Korean court reinstates impeached PM Han as acting president
South Korea’s constitutional court on Monday ruled against the impeachment of Prime Minister Han Duck-soo, restoring him to his position as act...
Mar 24, 2025 (Gmt+09:00)
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Airlines
Korean Air to finalize $32.7 bn deals with Boeing, GE Aerospace
Korean Air Lines Co., the country’s top full-service carrier, is set to soon finalize $32.7 billion deals with Boeing Co. and GE Aerospace for ...
Mar 23, 2025 (Gmt+09:00)
2 Min read -
Business & Politics
US Chamber of Commerce sees Korea’s business penalties as trade barrier
The US Chamber of Commerce, the country’s largest lobbying group, told Washington that South Korea’s penalties on businesspeople are amon...
Mar 23, 2025 (Gmt+09:00)
4 Min read -
Batteries
L&F to invest $10 mn in Mitra Chem for US LFP production
L&F Co., a South Korean electric vehicle battery materials supplier, plans to invest $10 million in Mitra Chem, a US lithium-ion battery ingredie...
Mar 21, 2025 (Gmt+09:00)
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Batteries
LG Energy, Doosan Bobcat tie up for construction equipment battery packs
LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on Wed...
Mar 19, 2025 (Gmt+09:00)
2 Min read -
Business & Politics
Korea sees record February auto exports before looming Trump tariffs
South Korea enjoyed record February auto exports on strong demand in the US ahead of its looming tariffs, the government said on Tuesday, while the d...
Mar 18, 2025 (Gmt+09:00)
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Pension funds
NPS to buy stake in Australia’s Metrics to expand alternative investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has agreed to buy a stake in Australian asset manag...
Mar 17, 2025 (Gmt+09:00)
1 Min read -
Shareholder value
Celltrion to cancel $140 mn in treasury shares, stock up
South Korea’s leading biosimilar drug developer Celltrion Inc. announced on Friday a plan to cancel $140 million worth of treasury shares to im...
Mar 14, 2025 (Gmt+09:00)
1 Min read -
Pension funds
NPS to mull responsible investment system for alternative investments
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is poised to consider expanding its responsible inv...
Mar 13, 2025 (Gmt+09:00)
2 Min read -
Hydrogen economy
Samsung E&A buys Norwegian Nel stake for hydrogen business push
South Korea’s Samsung E&A Co. has purchased a stake in Norway’s hydrogen technology company Nel ASA at 47.6 billion won ($32.8 millio...
Mar 12, 2025 (Gmt+09:00)
1 Min read -
Real estate
Korea’s IGIS Asset puts top Seoul tourist area hotel on market
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for fo...
Mar 07, 2025 (Gmt+09:00)
1 Min read -
Economy
Korea to create new visa for high-quality foreign talent
South Korea said on Wednesday it plans to create a new visa to attract high-level foreign talent for advanced industries such as artificial intellige...
Mar 05, 2025 (Gmt+09:00)
2 Min read
Latest News
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