S.Korea, UK strike upgraded trade deal, expanding market access on both sides

S.Korea, UK strike upgraded trade deal, expanding market access on both sides

South Korea and the UK have agreed to upgrade their bilateral free trade agreement, a move Seoul expects will unlock fresh export momentum in automo...

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

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...

Korea’s ‘bakery pilgrimage’ craze fuels record spending on pastries, coffee

Korea’s ‘bakery pilgrimage’ craze fuels record spending on pastries, coffee

South Korea’s latest travel quest doesn’t involve temples, beaches or mountain trails. Instead, young Koreans are boarding high-speed tr...

AliExpress-led Chinese e-commerce stumbles in South Korea

AliExpress-led Chinese e-commerce stumbles in South Korea

The surge of Chinese e-commerce in South Korea is losing steam, with AliExpress, the biggest of the group, posting a 20% year-over-year drop in sa...

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

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...

Hana to set up consumer protection committee, 1st in Korea's financial industry

Hana to set up consumer protection committee, 1st in Korea's financial industry

Hana Financial Group will establish a consumer protection committee within its board of directors, becoming the first South Korean financial institu...

K-beauty exports surge in Q3, heading for a full-year record; destinations diversified to 205 nations

K-beauty exports surge in Q3, heading for a full-year record; destinations diversified to 205 nations

South Korea’s cosmetics exports are on track to hit another record high this year, powered by surging global demand and a widening market reac...

China’s young consumers drive Korean health supplement boom

China’s young consumers drive Korean health supplement boom

South Korea’s exports of health functional food or health supplements have surged sharply in recent months, fueled by Chinese millennials and ...

CJ Group steps up Europe push with K-entertainment

CJ Group steps up Europe push with K-entertainment

With Korean pop culture sweeping Europe, South Korean conglomerate CJ Group, whose empire spans media, entertainment, food, beauty, biotech and logi...

Lee says US push for $350 bn cash fund could trigger crisis like 1997

Lee says US push for $350 bn cash fund could trigger crisis like 1997

The US demand for South Korea to inject $350 billion in cash into a pledged investment fund could plunge Asia’s No. 4 economy into a crisis re...

Korean Wave goes secondhand: resale market heats up

Korean Wave goes secondhand: resale market heats up

The global fascination with K-pop and Korean culture is now spreading into online resale platforms as international fans increasingly seek a wider a...

Harman sells system integration unit to Wipro to sharpen audio focus

Harman sells system integration unit to Wipro to sharpen audio focus

Harman International Industries Inc., wholly owned by Samsung Electronics Co., has sold its digital transformation solutions (DTS) unit to India&rsq...

K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze

K-content goes cultural: KPop Demon Hunters sparks heritage K-goods craze

Netflix’s smash-hit animated film KPop Demon Hunters is more than just a pop culture phenomenon. It is fueling global interest in Korean herit...

Roborock’s privacy policy fuels data leak fears over Chinese goods

Roborock’s privacy policy fuels data leak fears over Chinese goods

A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...

Taekwang, Anchor Equity shortlisted for Aekyung stake

Taekwang, Anchor Equity shortlisted for Aekyung stake

Taekwang Industrial Co., a South Korean chemical and textile company, and Anchor Equity Partners, a Hong Kong-based private equity firm, have emerge...

JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel

JKL Partners to acquire $150 mn cult-favorite bagel chain London Bagel

JKL Partners Inc., a Seoul-based private equity firm, is set to acquire London Bagel Museum, a growing sensation in South Korea’s booming prem...

Korea to allow non-profits to buy bad consumer loans

Korea to allow non-profits to buy bad consumer loans

The Financial Services Commission (FSC) has proposed regulatory changes that would allow non-profit organizations to purchase bad loans from individ...

Chinese e-commerce growth stalls in South Korea

Chinese e-commerce growth stalls in South Korea

Chinese e-commerce players’ rapid expansion into the South Korean online retail market is losing steam as their bang-for-the-buck products hav...

CJ CheilJedang to open $72 million dumpling plant in Japan

CJ CheilJedang to open $72 million dumpling plant in Japan

South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 milli...

China bans export of Korean goods containing its rare earth metals to US

China bans export of Korean goods containing its rare earth metals to US

The Chinese government has warned South Korean companies of retributions for exporting any product containing its critical metals to US military con...

Aekyung Industrial up for sale as group struggles to ease liquidity crunch

Aekyung Industrial up for sale as group struggles to ease liquidity crunch

South Korea’s Aekyung Group has put its flagship subsidiary, Aekyung Industrial Co., up for sale as part of broader restructuring efforts to s...

Koreans’ craving for luxury goods fades

Koreans’ craving for luxury goods fades

Until recently, it was not unusual to see people waiting in a long line in front of foreign haute couture brands’ stores early in the morning ...

Korean snacks mesmerize global consumers amid K-pop popularity

Korean snacks mesmerize global consumers amid K-pop popularity

South Korea’s snack exports soared to a record high in February, surpassing $40 million for the first time, as global demand surged amid the sus...

S.Korea logs current account surplus in Jan; Growth slows

S.Korea logs current account surplus in Jan; Growth slows

South Korea reported a current account surplus for 21 straight months in January but with a moderated gain largely due to a contraction in the goods...

Piccoma tops consumer spending ranking in Japan

Piccoma tops consumer spending ranking in Japan

Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...

Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

Korean cosmetics beat Chanel, Lancôme to rank top in US, Japan

South Korea’s cosmetics products, also known as K-beauty, have gained global renown, overtaking French brands such as Chanel and Lancôme...

China's Miniso re-enters S.Korea

China's Miniso re-enters S.Korea

Miniso, a household goods store known as "the Chinese version of Daiso", has re-entered South Korea after three years.According to the retail indust...

S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

S.Korea's personal mobilities firm GCoo enters Africa

S.Korea's personal mobilities firm GCoo enters Africa

South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...

Nongshim captures young consumers in Indonesia

Nongshim captures young consumers in Indonesia

South Korea's instant noodle giant Nongshim Co. said on Tuesday it held Shinsational Day event in Jakarta, Indonesia. On November 15, Nongshim ...

Samsung Electronics to develop in-house GPU for on-device AI products by 2027 Coupang saga takes new turn; Korea tries to contain negative fallout as US politician decries move OB Beer dealmaker Lee Sang-hoon clinches first solo deal with RevU acquisition K-content dominates Netflix with ‘The Great Flood’ and ‘Culinary Class Wars: Season 2’ leading global charts Hyundai Motor steps up autonomous driving push as Chairman Chung backs software unit 42dot