South Korean biotech firms poised for gains from US BIOSECURE Act

Expectations are growing that South Korean biotechnology companies, particularly drug contract manufacturers, will see increased orders as a sweepin...

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...

Tesla courts Korean battery materials suppliers as it ramps up in-house cell production

Tesla Inc., one of the world’s top electric vehicle makers, is strengthening ties with South Korean suppliers of key battery materials such as...

Flattery, gifts and a fresh pact: Nvidia, Samsung, Hyundai tighten AI ties

It began with a toast of beer and fried chicken at a modest Seoul eatery, followed by a flurry of compliments and gift exchanges, and ended with a g...

Hahn & Co. tightens grip on SK D&D with $53 mn stake buyout

SK Discovery Co., the intermediary holding firm of South Korea’s No. 2 conglomerate SK Group, is selling its entire 31.3% stake in property de...

SK Group to sell entire 35% stake in Chinese JV Sinopec-SK Petrochemical

South Korea’s leading conglomerate SK Group is selling its entire 35% stake in Sinopec-SK Petrochemical, its joint venture with Chinese energy...

Korea tightens curbs on foreign homebuyers with new permit system amid speculation fears

South Korea will impose sweeping restrictions on foreign property transactions across the Seoul Metropolitan Area, citing concerns over speculative ...

Korea to tighten stewardship code with workplace safety penalties; accident-prone firms remain wary

South Korea is preparing sweeping changes to its stewardship code that will allow public pension funds and other institutional investors to penalize...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

Koreans cut spending in March, except on health, education

South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...

South Korea to tighten delisting rules to remove ailing firms

South Korea will sharply raise the threshold for listed companies to remain trading on the domestic stock market to facilitate the delisting of fina...

Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul

South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...

HD Hyundai may nearly double shipbuilding capacity in Vietnam

HD Hyundai Co., the world’s second-largest shipbuilder, is likely to nearly double its vessel construction capacity in Vietnam to meet surging...

Korean LPs tighten due diligence on general partners

In the wake of COVID-19, South Korean pension funds and insurance companies have placed a greater focus on asset managers' capabilities for post-inv...

Big Tech get slap on wrist for tax avoidance in Korea

Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...

Hanwha’s heir apparent to unearth new drivers, tighten grip

Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...

Kookmin to tighten loan limits to cool housing market

Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...

Korea tightens rules on Netflix, Spotify subscription billing

South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...

Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots

Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...

POSCO tightens belts, seeks M&A within 3 years: new chairman

Chang In-hwa, chairman and chief executive of POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has vowed to take drastic...

South Korea tightens export controls to Russia, Belarus

South Korea will halt shipments of nearly 700 additional items, including rechargeable batteries, heavy equipment and cars with 2,000 and larger-lit...

LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture

South Korea’s top chemicals maker LG Chem Ltd. and food and biotechnology firm CJ CheilJedang Corp. have agreed to launch an eco-friendly bio-...

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

Korean shipbuilders tighten grip on ammonia carrier market

South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...

S.Korea to scrap capital gains taxes on financial products

South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...

Kakao to tighten grip over units, rethink horizontal culture

Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...

KIC eyes private debt, infrastructure in era of high interest rates

Sovereign wealth fund Korea Investment Corp. (KIC) is eyeing infrastructure and private debt in the era of higher-for-longer interest rates, while m...

Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Korea’s heavy dependence on China for raw materials deepens

While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...

S.Korea to tighten immigrant investor requirements

South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners...