Coupang saga takes new turn; Korea tries to contain negative fallout as US politician decries move

The saga over South Korea’s largest e-commerce platform operator Coupang Inc. is escalating as a massive personal data breach at the company t...

Seoul court rejects MBK bid to block Korea Zinc share sale to US-backed JV

A South Korean court has rejected a bid by an alliance of private equity firm MBK Partners and Young Poong Corp. to block Korea Zinc Inc. from selli...

Bulgari, Tiffany sales soar at Korean department stores as weak won draws big spenders home

Sales of luxury brands, including Bulgari and Tiffany, hit record highs at South Korean department stores in November, supported by a weak won that ...

Doosan named preferred bidder for SK Siltron, world's No. 3 chip wafer supplier

Doosan Group has moved a step closer to acquiring SK Siltron Co., the world’s third-largest semiconductor wafer maker, after the engineering-t...

Kakao Mobility’s 40% stake up for sale again; Hyundai, Delivery Hero tapped as buyers

A 40% stake in Kakao Mobility Corp., South Korea’s most popular taxi-hailing app operator, is up for sale again, with Hyundai Motor Group and ...

Ford, SK On to unwind BlueOval JV amid prolonged EV slump

Ford Motor Co. and South Korea’s battery maker SK On Co. are dismantling one of the most ambitious battery alliances formed during the US EV b...

Heungkuk Life Insurance files complaint with police over IGIS sale process

Heungkuk Life Insurance Co. has filed a complaint against senior figures involved in the planned sale of IGIS Asset Management Co., the country&rsqu...

South Korea plans domestic asset-backed wealth fund modeled on Temasek

South Korea plans to create a sovereign wealth fund that would invest in state-owned assets, valued at around 1,300 trillion won ($900 billion), mod...

Sale of chicken chain Norang Tongdak restarts on renewed foreign interest

Interest from several foreign investors, including firms in Taiwan and Hong Kong, has revived the stalled sale of Korean chicken chain Norang Tongda...

Korean pension fund NPS weighs role in naming financial firms’ directors as regulator pushes governance overhaul

South Korea’s financial watchdog is set to prod the state-run pension fund, the National Pension Service (NPS), to make active use of its shar...

NPS to pull all IGIS Asset-committed funds, throwing sale process into disarray

South Korea’s state-run pension fund, the National Pension Service (NPS), has moved to withdraw all of its money committed to IGIS Asset Manag...

GM Korea’s vehicle sales collapse to record low as Chinese EV maker BYD pulls ahead

The South Korean affiliate of US auto giant General Motors Co. saw its vehicle sales in November fall below 1,000 units – the lowest figure si...

Fried chicken chain Popeyes’ Korean operations put up for sale

Restaurant Brands International (RBI), the parent of Popeyes, is approaching private equity firms and mid-sized enterprises to sell the South Korean...

K-Beauty sweeps Amazon best-sellers list during US Black Friday

South Korea's beauty brands have outperformed global cosmetics giants to dominate sales rankings on Amazon.com during the US Black Friday shopping b...

Musinsa, Shinsegae V shine in K-fashion platform war; Ably, Zigzag struggle

Musinsa, South Korea’s fashion unicorn backed by KKR Co., and Shinsegae V, the online luxury item marketplace of retail giant Shinsegae Intern...

Samsung E&A, Veolia, Quantum Capital vie for Malaysia’s top waste management firm Cenviro valued at $1 bn

South Korea’s Samsung E&A Co., formerly Samsung Engineering Co., is seeking to acquire a controlling stake in Malaysia’s largest was...

Sino-Japanese tensions: Boon for Korean retailers; Musinsa, Daiso, CU welcome Chinese tourists

When 28-year-old Mao Xin arrived in Seoul late last month, Japan – once her preferred holiday destination – was no longer on the itinera...

Hyundai-Kia’s US market share climbs to record 10.9% in October

Hyundai Motor Co. and Kia Corp., under South Korea’s auto behemoth Hyundai Motor Group, are rapidly rewriting their place in the US auto marke...

Homeplus sale back to square one after two initial bidders pull out

The court-supervised sale of Homeplus Co., a troubled South Korean hypermarket chain operator, has been thrown into disarray after all potential buy...

AI bubble alarm slams S.Korean stocks, but analysts call to buy on dips

South Korean stocks tumbled on Friday as renewed anxiety over a potential artificial-intelligence bubble rippled through global markets, triggering ...

Korea Inc. braces for ‘new normal’ of weak won as majority sees 2026 FX above 1,400 won

South Korean companies are drawing up next year’s business plans on the assumption that the foreign exchange rate will remain above 1,400 won ...

Taekwang, TPG team up to bid for K Shipbuilding in high-stakes sale

Taekwang Group has joined forces with TPG to acquire K Shipbuilding Co., marking the South Korean conglomerate’s boldest return to major dea...

Blackpink puts final touches on comeback album, set for release in January

Blackpink is back in the studio — and the wait is almost over.The K-pop juggernaut is fine-tuning its long-awaited comeback album, marking the...

EQT puts Acuon Capital, Acuon Savings Bank up for sale; likely largest M&A deal in years

Sweden’s EQT Partners, one of Europe’s largest private equity firms, has launched the sale of Acuon Capital Corp. and Acuon Savings Bank...

Four-way race set for IGIS Asset sale; Hanwha, Heungkuk, Hillhouse, CapitaLand shortlisted

The sale of South Korea’s top real estate asset management firm, IGIS Asset Management Co., has entered its final stage, with a shortlist of f...

Macquarie unloads 7% stake in LG CNS via $310 mn block sale at 9% discount

Private equity firm Macquarie Asset Management has sold about 7% of its stake in LG CNS Co., the IT services unit of South Korea’s LG Grou...

Samsung heirs sell $1.3 bn stake in Samsung Electronics for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion won ($1.3 billion) worth of Samsung Electronics Co. shares through...

Samsung heirs sell $1.3 bn stake in Samsung Electronics for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee offloaded about 1.8 trillion won ($1.3 billion) worth of Samsung Electronics Co. shares through...

Samsung steals the show at APEC venue with its 1st triple-folding smartphone

GYEONGJU – On the eve of the Asia-Pacific Economic Cooperation (APEC) CEO Summit in South Korea’s historic city of Gyeongju, attention t...

NPS sees $630 mn loss tied to MBK-owned Homeplus, vows GP selection reform

The National Pension Service (NPS) has estimated potential losses of about 900 billion won ($630 million) from its investment in MBK Partners-owned ...