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...

Defensive tilt, infrastructure surge set to lift Europe’s private debt market: BlackRock

Heightened geopolitical uncertainty and the energy transition are fueling defense and infrastructure spending in Europe, positioning its private cre...

US non-immigrant visa issuance to Koreans drops sharply amid Trump’s 2nd-term immigration crackdown

The number of US non-immigrant visas issued to South Koreans has declined following the start of US President Donald Trump’s second-term admin...

Samsung, Coupang join fast-moving global stablecoin frontier

Samsung and Coupang are jumping into the global stablecoin race, backing US firms building digital payment rails, while debate over digital money dr...

S.Korea to debut fractional exchanges, unlocking new investment market

South Korea is gearing up to fully embrace tokenized securities as the country is set to open a new exchange for fractional investing. The Finance S...

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 ...

UCK Partners sues ex-employee in Korea’s 1st PE non-compete case

UCK Partners has sued a former senior employee who joined local rival Premier Partners in June, alleging he violated a non-compete clause, in what i...

Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy

Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...

Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains

South Korea’s four largest financial holding groups posted stellar profits in the second quarter, bolstered by a sharp increase in non-interes...

Samsung to buy US health tech firm Xealth in digital health push

Samsung Electronics Co. will acquire Xealth, a US-based healthcare platform provider, as it steps up efforts to foster non-semiconductor businesses ...

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...

Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals

South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...

Kakao Pay in talks to acquire SSG.COM’s SSG Pay and Gmarket’s Smile Pay

Kakao Pay Corp., the mobile payment and digital wallet service unit of South Korean tech giant Kakao Corp., is in advanced negotiations to acquire t...

SK Group seeks to sell SK Signet as part of sweeping portfolio realignment

South Korea’s second-largest conglomerate SK Group is seeking to divest SK Signet Inc., four years after acquiring the EV charger manufacturin...

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...

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...

Strong momentum in non-US markets, digital real estate: Principal AM CEO

It is time to shift focus toward non-US markets after years of stellar performance of US assets driven by the robust world’s No. 1 economy, sa...

OCI to build $265 mn solar cell plant in Texas, expects $80 mn tax credit

South Korean solar cell company OCI Holdings Co. said on Thursday it will build a solar cell manufacturing plant in Texas through its US subsidiary ...

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...

Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers

Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers ot...

Hyundai Mobis to boost US production to cope with Trump

LAS VEGAS -- Hyundai Mobis Co., the world’s fifth-largest auto parts maker, plans to beef up its US production to cope with President-elect Do...

Hyundai’s José Muñoz sees new Trump policy, China's rise as opportunity

LOS ANGELES – José Muñoz, freshly tapped as the next chief executive of Hyundai Motor Co., says the current market uncertainty s...

Hyundai Mobis aims to expand non-captive sales to 40% as it goes global

South Korea’s top auto parts maker Hyundai Mobis Co. on Tuesday said it aims to boost non-Hyundai Motor Group affiliate sales to 40% of its to...

Korea Inc. rushes to booming local corporate bond market

South Korean companies are rushing to raise money in the local corporate bond market, which is unusually buoyant at year's end amid expectations of ...

S&P upgrades SK Innovation credit rating to BBB-

Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...

Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024

South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IR...

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 Energy aims to more than double sales to $50 billion by 2028

LG Energy Solution Ltd. has vowed to more than double its sales in five years to 67 trillion won ($50 billion) by diversifying its battery products ...

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...

Korean IT giants drop fandom platforms, help HYBE dominate

South Korean game developer Neowiz has sold its fan engagement platform unit, joining the moves by local IT giants such as Naver Corp. to pull out o...