Trump says Hanwha to partner on US Navy frigates; MASGA project gains momentum

The US Navy will work with Hanwha Group on a new class of frigates, President Donald Trump said on Monday, signaling that the South Korean conglomer...

IMM PE-owned Hanssem commits to sweeping treasury share cancellation to cope with govt mandate

As South Korea’s listed companies scramble to deal with the government’s move to mandate cancellations of treasury shares, IMM Private E...

MBK Partners promotes Yon Sog Choi to partner; streamlines senior ranks

MBK Partners has promoted veteran dealmaker Yon Sog Choi to partner, while it steps up execution capabilities in its core buyout businessAccording t...

Seoul to rewrite Kosdaq with tax breaks, listing reforms

South Korea is moving to revamp its Kosdaq market, pairing tax incentives aimed at institutional investors with listing reforms designed to revive t...

Seoul to back AI computing, solid state batteries first with National Growth Fund

South Korea has picked seven projects from AI computing to all-solid-state batteries as the first recipients of capital from its 150 trillion won ($...

Hana Financial to expand US presence with $100 mn injection into US banking arm

Hana Financial Group is moving to strengthen its presence in the US with a fresh capital injection into its local banking unit, as South Korean comp...

BTS’ Anpanman rises to top of Billboard chart 7 years after release

Few would have expected a B-side released in 2018 to resurface at the top of a Billboard chart in late 2025. Yet BTS’ Anpanman, long familiar ...

Samsung foundry poised to win Intel’s 8 nm chip order

Samsung Electronics Co. is nearing a deal to manufacture 8-nanometer chips for Intel Corp., a move that would add another marquee customer to its fo...

STIC Investment to acquire laundry franchise giant Cleantopia for about $480 mn

STIC Investment, a South Korea–based private equity firm, is set to acquire Cleantopia, the country’s largest laundry franchise operator...

Hanwha heirs reshape ownership as group moves closer to succession, IPO

Two of the three sons of Kim Seung-youn, the chairman of South Korea’s Hanwha Group, are selling significant stakes in Hanwha Energy Corp., a ...

Seoul weighs Kosdaq split from Kospi to invigorate lagging junior market

South Korean policymakers are weighing a far-reaching reform of the country’s stock market structure that would separate the Kosdaq from its l...

S.Korea’s steel exports set to slide to 5-year low as Chinese supply floods markets

South Korea’s steel industry is heading toward its weakest export performance in five years, as a prolonged global construction slump collides...

Seoul fires starting gun on $102 bn fund with demand already outpacing supply

South Korea officially launched its 150 trillion won ($102 billion) sovereign-backed investment vehicle on Thursday, revealing that initial funding ...

Stray Kids extend their historic run with another Billboard year-end victory

Stray Kids have reaffirmed their status as a global top artist, claiming the No. 1 spot on Billboard’s 2025 World Albums Year-End chart for th...

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...

Seoul weighs legal changes for NPS dollar bond issuance to shore up won

South Korea is considering revising its pension laws to pave the way for the National Pension Service (NPS) to issue foreign currency bonds as part ...

Seoul’s won-stability push drives Korean firms offshore for bonds

South Korea’s state-run banks and companies are expected to ramp up foreign currency bond issuance in 2026 after the government sharply increa...

Seoul taps Mirae Asset's Park, Celltrion's Seo to co-lead $102 bn National Growth Fund

South Korea has asked two of its most prominent billionaire entrepreneurs – Mirae Asset Group Chairman Park Hyeon-joo and Celltrion founder Se...

Shinhan backs Chairman Jin for 2nd term after breakout performance

Shinhan Financial Group Co. on Thursday reappointed Chairman Jin Ok-dong for a second term, rewarding the former retail banker for steering the fina...

South Korea's Lee to meet SoftBank’s Masayoshi Son on AI infrastructure expansion

South Korean President Lee Jae Myung is set to meet with Masayoshi Son, the founder and chairman of SoftBank Group, on Friday to discuss the Japanes...

Seoul pushes exporters to convert dollars; NPS extends FX swap with BOK

South Korea's financial authorities said on Monday it will begin regularly monitoring the dollar conversion of export-oriented companies and tighten...

Stray Kids rewrite 70 years of Billboard 200 history with K-pop’s 1st 8-straight No. 1 albums

Stray Kids made headlines again this week as they notched yet another record-breaking achievement — one that solidifies their standing as on...

North Korean hacking group Lazarus blamed for $30 million crypto exchange Upbit heist

South Korean authorities have pinned responsibility for a 44.5 billion won ($30 million) hack on Upbit, the country’s largest cryptocurrency e...

Seoul sets 30% top rate for dividend income above $3.4 mn

South Korea’s ruling and opposition parties have agreed to create a new top bracket for dividends earned from domestic stock, applying a rate ...

Seoul to introduce tax incentives to revitalize Kosdaq market

After helping ignite a rally in the Kospi under South Korea's President Lee Jae Myung’s pro-market tilt, Seoul is turning its reform agenda to...

BTS sets another K-pop record in Japan as The Truth Untold earns Gold certification

BTS, who are gearing up for their full-group comeback, has set yet another K-pop milestone in Japan with their 2018 ballad The Truth Untold (Feat. S...

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...

Seoul presses brokerages to spread out dollar conversions as won slide deepens

South Korea’s foreign-exchange authorities have urged major brokerages to stagger their dollar-buying and diversify how they source greenbacks...

CPPIB, Morgan Stanley, M&G, GIC, others move to pull back from Korea’s rental housing sector

Global institutional investors and asset managers are moving to withdraw from South Korea’s rental housing sector, raising fears that the coun...

Reliance's Ambani explores broader partnership with Samsung's Lee in Seoul

Mukesh Ambani, the Indian billionaire and chairman of Reliance Industries Ltd., met with Samsung Electronics Co. Chairman Lee Jae-yong on Tuesday as...