Korean bank global business
Scope
Date
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Business & Politics
Trump says Korea interested in Alaska gas project; Korean firms skeptical
South Korea, Japan and other countries want to partner with the US in a $44 billion natural gas pipeline project in Alaska, President Donald Trump s...
Mar 05, 2025 (Gmt+09:00)
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Private equity
MBK commits to restoring Homeplus operations: MBK Vice Chairman Kim
MBK Partners, facing increasing scrutiny over its highly leveraged acquisition of Homeplus Co., has pledged to go all-out to restore the struggling ...
Mar 05, 2025 (Gmt+09:00)
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Economy
Korea to create new visa for high-quality foreign talent
South Korea said on Wednesday it plans to create a new visa to attract high-level foreign talent for advanced industries such as artificial intellig...
Mar 05, 2025 (Gmt+09:00)
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Mergers & Acquisitions
S.Korean grocery delivery platform Oasis at forefront to acquire TMON
South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...
Mar 05, 2025 (Gmt+09:00)
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Alternative investments
Korea Investment & Securities explores new products with global firms
Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Inc., is exploring new global investment products tailored for Sout...
Mar 04, 2025 (Gmt+09:00)
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Korean startups
Hyundai Motor spins off 4 in-house startups in energy, AI, mobility
South Korea’s auto behemoth Hyundai Motor Group has spun off its four in-house startups with innovative technologies in mobility, automation a...
Mar 04, 2025 (Gmt+09:00)
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Upcoming IPOs
Lotte aims to take Lotte Global Logistics public by end-June
Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co. public by the end of June a...
Mar 04, 2025 (Gmt+09:00)
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Korean food
China under spell of Korean spicy instant noodles; Samyang leads
South Korea’s spicy instant noodles are poised to captivate China, the world’s largest ramen market, with their shipments to the neighbo...
Mar 03, 2025 (Gmt+09:00)
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Artificial intelligence
SK Telecom to secure stake in IonQ, forges quantum partnership
South Korea’s largest telecom company SK Telecom Co. will acquire about a 3% stake in IonQ Inc., the world’s first publicly traded quant...
Feb 27, 2025 (Gmt+09:00)
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Alternative investments
S.Korean investors name their 33 favorite alternative asset managers
Blackstone and HarbourVest Partners are South Korean institutional investors’ preferred private equity firms, according to a survey by Korea I...
Feb 27, 2025 (Gmt+09:00)
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Airlines
Sono Hospitality becomes new owner of Korean budget carrier T’way Air
South Korea’s top resort operator Sono Hospitality Group has emerged as the new owner of budget carrier T’way Air Co. by acquiring ...
Feb 27, 2025 (Gmt+09:00)
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Earnings
Coupang posts profit for 2 straight years in 2024 on new growth drivers
Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, ended last year with profit for the second straight year thanks to t...
Feb 26, 2025 (Gmt+09:00)
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Cryptocurrencies
Dunamu slapped with 3-month business suspension order
Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange Upbit, has been hit with a three-month partial business suspension ...
Feb 26, 2025 (Gmt+09:00)
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Central bank
Bank of Korea cuts rates, growth forecast on Trump tariff policy
South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fo...
Feb 25, 2025 (Gmt+09:00)
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Corporate bonds
One-third of Korean petrochem bonds incur valuation losses
South Korean institutional investors, including banks, insurers and securities companies, have yet to fully benefit from recent declines in bond yie...
Feb 24, 2025 (Gmt+09:00)
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Leadership & Management
Samsung lowers bar on hiring foreign talent in South Korea
South Korea’s biggest business group Samsung has sweetened the pot to win the technology talent war by lowering the bar for new hires of forei...
Feb 24, 2025 (Gmt+09:00)
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Energy
SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell
SK Innovation E&S (SKI E&S), the natural gas business unit of South Korea’s SK Innovation Co., is set to begin an LNG trading business...
Feb 23, 2025 (Gmt+09:00)
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Bio & Pharma
Korean court rules in favor of Samsung Bioepis over Regeneron’s Eylea
A South Korean court on Friday ruled in favor of Samsung Bioepis Co. in a patent dispute against Regeneron Pharmaceuticals Inc., a US pharmaceutical...
Feb 21, 2025 (Gmt+09:00)
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Electronics
LG Electronics deepens ties with US startup Apex.AI
LG Electronics Inc. has invested in Apex.AI, a US-based startup developing safety-certified software designed to accelerate the transition of softwa...
Feb 21, 2025 (Gmt+09:00)
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Stocks
KKR recoups $206 mn in block sale of HD Hyundai Marine shares
Global private equity firm KKR & Co. Inc. has succeeded in cashing out of its stake in HD Hyundai Marine Solution Co. for 295 billion won ($206 ...
Feb 21, 2025 (Gmt+09:00)
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Electronics
LG renames premium built-in appliance brand; Moody’s outlook up
LG Electronics Inc., South Korea’s top appliance maker, has rebranded its 10-year-old premium built-in kitchen appliance business to double do...
Feb 20, 2025 (Gmt+09:00)
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Artificial intelligence
AI data center with up to 3 gigawatts of power envisioned for South Korea
An investor group is planning one of the world’s largest data centers for artificial intelligence in South Korea, a sign of red-hot AI de...
Feb 20, 2025 (Gmt+09:00)
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Earnings
Meritz cheers record profit in 2024, boasts top 3 market cap
Meritz Financial Group Inc. has reported its best-ever net profit for last year thanks to handsome gains from investments by its insurance and secur...
Feb 20, 2025 (Gmt+09:00)
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Electronics
LG Innotek ventures into automotive AP module market
LG Innotek Co., a major South Korean electronics parts developer, has forayed into the automotive application processor (AP) module market, poised f...
Feb 19, 2025 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s Hanwha eyes L-SAM exports with UAE’s EDGE
Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...
Feb 19, 2025 (Gmt+09:00)
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Korean stock market
South Korean stock trading volume at 8-month high
Trading volume in South Korean stock market has surged to its highest level in eight months, with investors piling into defense, nuclear energy, shi...
Feb 19, 2025 (Gmt+09:00)
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Electronics
Samsung's Harman goes from ugly duckling to golden swan
When Samsung Electronics Co. acquired Harman International Industries Inc., a global leader in the audio and automotive electronics business, in 201...
Feb 18, 2025 (Gmt+09:00)
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Machinery
Korean tractor maker Daedong ends two-decade partnership with Deere
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...
Feb 18, 2025 (Gmt+09:00)
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Private equity
Bain Capital acquires control of Mohegan's Korean resort
Private equity firm Bain Capital has acquired control of Mohegan Inspire Entertainment Resort on Yeongjong Island, the largest integrated resort in ...
Feb 18, 2025 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s defense order backlog reaches record $73.1 billion at end-2024
South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...
Feb 17, 2025 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand