South Korean won weakens past 1,480 per dollar, lowest in 8 months

South Korea’s won weakened past the 1,480 per dollar in intraday trade on Wednesday, reaching its weakest point in about eight months as forei...

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...

Hong Kong-based Gaw Capital poised to acquire Koentec for $500 mn

Hong Kong-based private equity firm Gaw Capital Partners has emerged as the preferred bidder for Koentec Co., a South Korean industrial waste incine...

Korea Zinc plans $6.8 bn US smelter with Washington’s equity stake; Young Poong, MBK oppose plan

Korea Zinc Inc., the world’s largest non-ferrous metals smelter, is planning to build a 10 trillion won ($6.8 billion) smelting complex in the...

Weak won turns S.Korean firms into bargains, fueling foreign buying spree

Foreign acquisitions of South Korean companies have surged this year as the won’s sharp depreciation dragged down valuations amid lingering ec...

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 ...

Hyundai taps Porsche, BMW-bred Manfred Harrer as R&D chief in sweeping leadership shake-up

South Korea’s top automaker Hyundai Motor Group is replacing the heads of both hardware and software development in its boldest executive resh...

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...

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...

SK Hynix mulls treasury-share-backed ADR listing on NYSE in fresh value-up initiative

SK Hynix Inc., one of the world’s top memory chipmakers, is looking into a plan to list American depositary receipts (ADRs) backed by its trea...

Korean films No Other Choice and KPop Demon Hunters each earn 3 Golden Globe nominations

Two Korean titles — Park Chan-wook’s No Other Choice and Netflix’s animated feature KPop Demon Hunters — have each captured ...

Weak won: A double-edged sword for Korean tourism industry

South Korea’s travel market is splitting in two as a protracted weak-won cycle versus the dollar is driving an early year-end boom for hotels ...

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...

HD Hyundai seeks to build India shipyard to diversify production footprint

HD Hyundai Co. is seeking to build a new shipyard in India’s Tamil Nadu state as South Korea’s largest shipbuilding group moves to diver...

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...

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...

SK Hynix eyes mass production of hybrid-bonded NAND by 2027

SK Hynix Inc. is stepping up its move into next-generation flash memory, setting its sights on mass production of its first hybrid-bonded NAND chip ...

Korea Zinc gains climate nod as Steel Cycle chief awarded for RHF processing

Korea Zinc Inc., the world’s largest lead and zinc smelter, has gained fresh validation for its circular-metals strategy after an executive at...

Korean bond yields break above 3%, shutting issuers out of market

South Korea’s government bond market has entered a fresh bout of volatility, with yields climbing above 3% even as global peers' yields remain...

KPop Demon Hunters’ Golden tops YouTube Korea in 2025

KPop Demon Hunters dominated YouTube Korea in 2025, with its hit track Golden emerging as the most-viewed song of the year. In the creators category...

South Korean economy grows at fastest pace in almost 4 years in Q3

South Korea’s economy expanded at its fastest pace in almost four years in the third quarter, growing 1.3% from the previous quarter, after st...

Coupang faces tough penalties, lawsuits over data breach; shares fall on NYSE

South Korean President Lee Jae Myung on Tuesday called for tough penalties for corporate negligence in data breaches, saying a massive leak at Coupa...

Korean department stores recast themselves as global content platforms

South Korea’s largest department stores are quietly dismantling the old formula for going global. Rather than staking out pricey real estate o...

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...

South Koreans’ spending on luxury winter jackets surges to record high

South Korean consumers sharply increased their spending on luxury winter coats in mid-November, marking a record seasonal high and offering an early...

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...

Korean retail giant Coupang hit by unprecedented data breach affecting nearly all its users

Coupang Inc., South Korea’s largest e-commerce platform, which reshaped the country’s retail landscape with its “rocket delivery&r...

Offshore investors boost appetite for Korean real estate; Singapore funds at forefront

A softening won and lower interest rates are raising foreign appetite for South Korean commercial real estate, with Singaporean heavyweights  -...

KIC picks IMM Investment, Dominus in 1st Korean PEF mandate for global M&As

Korea Investment Corp. has selected IMM Investment Corp. and Dominus Investment LLC. for its first-ever commitment to homegrown private equity manag...