Hyundai Motor Co.’s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury midsize sport utility vehicle next month in the country to cement its dominance in the segment at home.The facelift is the GV70&rs
13 MINUTES AGO
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is making big bets on Europe and South America to achieve its goal of seizing the fifth-largest share in the global construction and equipment market by 2025.HD Hyundai Construction Equipment Co. and HD Hyund
53 MINUTES 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
6 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
6 HOURS AGO
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COMPANIES
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ESGDaedong completes S.Korea's largest rooftop solar power plant
South Korea's Daedong Mobility announced on Friday that it has completed the construction of the largest rooftop solar power plant in the country at S-Factory, a smart mobility production facility located in Daegu.The installation area of the rooftop
2 HOURS AGO
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Fiber & TextileS.Korea's Andar strengthens tech alliance with LYCRA Company
The athletic-leisure brand Andar Co. announced on Friday that it will strengthen its technological alliance with the LYCRA Company, the world's largest fiber company, to enhance product quality innovation and competitiveness.According to Andar, Jason
2 HOURS AGO
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ElectronicsLG Electronics hosts 'LG Showcase 2024' in UAE
LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, from last Wednesday for two days.LG Electronics set up a 1,000-square-meter exhibition hall and introduc
2 HOURS AGO
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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
3 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)
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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
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
24 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