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...

KPop Demon Hunters OST hits No. 3 on the Billboard 200; Stray Kids’ Do It lands at No. 4

It was another milestone week for Korean music on the global stage, as the soundtrack to KPop Demon Hunters and Stray Kids’ newest album Do ...

IGIS bid narrows to two-way race between Hanwha, Heungkuk

The race to acquire IGIS Asset Management Co., South Korea’s largest real estate asset manager, has narrowed to Hanwha Life Insurance Co. and ...

Faker leads T1 to historic 3rd straight League of Legends World Championship title

In front of a roaring crowd in Chengdu, T1’s veteran captain Faker guided his team to another world title – their third in a row –...

KPop Demon Hunters soundtrack stays at No. 2 on Billboard 200 as Taylor Swift extends her reign

Even in a chart battle dominated by Taylor Swift, K-pop refuses to fade from the spotlight. The KPop Demon Hunters soundtrack has locked in its plac...

‘BTS’ V or Jinu?’ hanbok-inspired look steals the spotlight on Vogue’s global stage

It was one of those rare red-carpet moments when tradition met modern cool — and owned it.At Vogue World: Hollywood 2025, BTS’ V arrived...

LG Chem sells dermal filler business to VIG Partners for $144 mn

South Korea’s leading chemical company LG Chem Ltd. has agreed to sell its dermal filler business to the country’s major buyout fund VIG...

HYBE, Paramount to bring KPop Demon Hunters star to life in idol film

HYBE America Co., the US subsidiary of South Korea's entertainment titan HYBE Co., will produce a K-pop-themed film in collaboration with Paramount ...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts

A fictional K-pop boy band from a Netflix animated feature has achieved what few real-world Korean acts have – to top the US Spotify chart.You...

BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders

BTS member Suga and former Major League Baseball (MLB) pitcher Chan Ho Park are putting their money on the Athletics, formerly the Oakland Athletics...

Hanwha acquires Indonesian bank, first foreign banking venture by Korean insurer

Hanwha Life Insurance Co. has become the first South Korean insurance firm to advance into the overseas banking sector by securing a controlling sta...

GEPS taps former KB Asset chief risk officer as new CIO

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Ma...

JLL, Savills to lead Seoul Square sale in $1 bn deal

JLL and Savills have been tapped to lead the sale of Seoul Square, a landmark office tower, valued at around 1.4 trillion won ($1 billion), adding t...

Samsung Biologics drives foreign lead in Korea’s biotech supply chain

A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global rev...

Woori Financial wins approval for Tongyang, ABL Life acquisition

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has received conditional approval from the country&rsquo...

Kookmin Bank raises $700 mn in forex bonds amid strong demand

Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday, signaling a recovery in investor sentiment tow...

Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

Warburg Pincus-Wide Creek Asset JV picks up 2nd Korean logistics asset

US private equity firm Warburg Pincus LLC and South Korean real estate manager Wide Creek Asset Management Co. are building a logistics center for l...

Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz Financial Group Inc., South Korea’s second-most valuable financial holding firm, has dropped its bid to acquire financial distressed MG...

Affinity, GIC sell out of Kyobo Life; Chairman Shin seeks holding firm, M&A

Affinity Equity Partners and Singapore’s sovereign wealth fund GIC have sold their entire stake in Kyobo Life Insurance Co., exiting from thei...

Kyobo Life’s Shin in talks with Affinity, GIC over exits below purchase price

Kyobo Life Insurance Co., South Korea’s third-largest life insurer, is in talks with some of its financial investors (FIs) to help them exit f...

Samsung Life, Samsung Fire sell $193 mn in Samsung Electronics shares

Samsung Life Insurance Co., South Korea’s largest life insurer, and Samsung Fire & Marine Insurance Co., the country’s No. 1 non-lif...

Samsung Life mulls putting Samsung Fire under its wing as subsidiary

Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&r...

Hanwha Life acquires US securities firm Velocity

South Korea's Hanwha Life Insurance said on Wednesday it signed a stock purchase agreement (SPA) to acquire a 75% stake in Velocity Clearing LLC, ...

SK Telecom unveils AI personal agent Aster for global users

SK Telecom Co. on Tuesday unveiled an AI-driven personal assistant Aster (A*) that understands users' intentions and goes beyond answering simple qu...

HD Hyundai to build int'l standards for carbon emissions

South Korea's HD Hyundai Marine Solution Co. said on Wednesday that it signed a Life Cycle Assessment (LCA) Agreement with HD Hyundai Samho and the ...

DB Insurance outshines domestic rivals in global business

DB Insurance Co. raked in the biggest profits from overseas operations among South Korean insurance companies in the first half of this year, leadin...

LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Hyundai Motor Group to nurture young talent in Indonesia

Hyundai Motor Group said on Wednesday that it held the inaugural ceremony for the first cohort of H-Jump School Indonesia in Jakarta, Indonesia, the...

Woori signs $1.16 bn deal to acquire Tongyang, ABL Life from China’s Dajia

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, said on Wednesday it has signed a deal to acquire Tongya...