Korea Investment & Securities taps KakaoBank executive Kim Gwang-ok as new IB head

Korea Investment & Securities has tapped Kim Gwang-ok, a vice president at KakaoBank, as its next head of investment banking, marking his return...

Kakao Entertainment to launch pan-Asian K-pop artist chart with Tencent Music, LINE MUSIC

Kakao Entertainment is moving to establish a new cross-border benchmark for K-pop popularity, teaming up with China’s Tencent Music Entertainm...

S.Korea’s $4.7 bn next-generation destroyer project set as 2-way race between Hanwha Ocean, HD Hyundai

South Korea has decided to select the builder of its advanced next-generation destroyers through a competitive bidding process, ending two years of ...

South Korea opens broad special tax probe into Coupang after data breach

South Korea’s tax authorities have opened a broad special audit of Coupang Inc., which has come under scrutiny over its handling of a massive ...

Korea’s senior presidential secretary says won’s slide excessive, govt won’t stand idly by

A senior South Korean presidential secretary has issued a rare warning to currency traders, saying that the government will not stand idly by if spe...

Korea’s Hanwha wins 1st US defense deal with Boeing for F-15 parts

Hanwha Systems Co., a leading South Korean defense manufacturer, has won its first US Air Force contract to supply Boeing Co. with cockpit displays ...

Coupang faces US class-action lawsuit over data breach in Korea

E-commerce giant Coupang Inc. is facing a class action lawsuit in the US following a data breach that exposed personal details of about 33.7 million...

Carlyle buys KFC Korea for $135 mn, deepening its presence in KFC's Asian operations

The Carlyle Group has acquired the Korean operations of KFC, the iconic fried chicken chain, for about 200 billion won ($135 million), marking one o...

BOK decides to waive FX levy at emergency monetary meeting to boost dollar liquidity

The Bank of Korea (BOK) on Friday convened its first extraordinary meeting of the monetary policy board in a year, approving a temporary waiver of a...

Krafton, Naver and Mirae Asset to launch up to $740 million Asia tech fund in India push

Krafton Inc., South Korea’s leading game developer, said on Friday it will join forces with Naver Corp., the country’s dominant internet...

Korea Post seeks offshore real estate secondary funds for $150 mn mandate

Korea Post is seeking one or two offshore real estate secondary fund managers for a commitment of up to $150 million, or €150 million in total....

South Korea bets on AI, power, financials to carry Kospi toward 5,000 in 2026

South Korean stocks are heading into 2026 with strategists betting that leadership will broaden beyond semiconductors to power, financial and infras...

Korea presidential office convenes FX meeting with top exporters as it eases FX rules

South Korea’s presidential office on Thursday convened an emergency meeting with executives from seven of the country’s largest conglome...

LG Energy's $6.5 bn EV battery supply deal with Ford terminated

LG Energy Solution Ltd. said on Wednesday that its long-term electric vehicle battery supply agreement with Ford Motor has been terminated following...

Korea Zinc offers preferential terms to US with option to buy up to 34.5% in $7 bn smelter

Korea Zinc Inc. has agreed to grant the US government an option to acquire up to a 34.5% stake in a minerals smelter it plans to build in Tennessee,...

Returns of BTS, BigBang, EXO put K-pop stocks back in play

South Korean entertainment stocks are moving back into the spotlight as expectations build for the return of top boy bands led by BTS and renewed op...

Doosan named preferred bidder for SK Siltron, world's No. 3 chip wafer supplier

Doosan Group has moved a step closer to acquiring SK Siltron Co., the world’s third-largest semiconductor wafer maker, after the engineering-t...

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...

South Korea’s year-end IPO market defies seasonal lull

South Korea’s initial public offering market, typically subdued at the end of the year, is showing unusual exuberance as newly listed companie...

SK weighs Ulsan cracker shutdown as S.Korea’s petrochemical shakeout deepens

South Korea’s drive to restructure its petrochemical industry is entering a pivotal phase as SK Geo Centric Co. is leaning toward shutting a n...

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...

NPS extends strategic currency hedging to end-2026, adds flexibility to stabilize won

The National Pension Service (NPS), South Korea’s state-run pension fund and largest institutional investor, has decided to extend its strateg...

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...

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...

Tribunal procedural flaws led to Korea’s annulment win vs Lone Star: Arnold & Porter

South Korea’s rare victory against Lone Star in annulling an investor-state arbitration award turned on procedural flaws that lawyers argued d...

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...

SK On to build LFP battery plant in Korea for ESS output, targeting $13.5 billion govt projects

SK On Co., a major South Korean battery maker, has decided to build the country’s largest domestic production line for lithium iron phosphate ...

Korea’s petrochemical shakeout accelerates as YNCC moves to shut plant

South Korea’s long-stalled effort to restructure its petrochemical industry is set to gain fresh momentum as Yeochun NCC (YNCC) shareholders h...

South Korea names former lawmaker Kim Sung-joo to lead NPS

South Korea has appointed Kim Sung-joo, a former lawmaker from the ruling Democratic Party and a longtime health policy specialist, as chairman and ...

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...