Korea Federation of SMEs to commit $216 mn to 6 PE firms

The Korea Federation of Small and Medium Business (KBIZ) will commit a total of 300 billion won ($216 million) to blind pool funds run by six South ...

S.Korea offers unlimited currency swap with US amid pressure over $350 bn fund

South Korea has proposed an unlimited currency swap with the US to fulfill its pledge to form a $350 billion US investment fund, but the offer faile...

Immigration crackdown takes toll on US hotels; Korean travelers cancel trips

US immigration restrictions are beginning to spill over into the hospitality industry, with reservations in its major tourist cities declining even ...

S.Korea poised to fall behind Taiwan in GDP per capita in 2025 for 1st time in 22 yearss

South Korea is poised to fall behind Taiwan in terms of gross domestic product (GDP) per capita in 2025, marking the first reversal since 2003, as t...

Lutnick urges S.Korea to accept deal or face steep tariffs as trade talks stall

NEW YORK – US Commerce Secretary Howard Lutnick said on Thursday that South Korea should either accept a bilateral framework trade deal struck...

American luxury shines in South Korea as European rivals fade

For years, South Korea was one of the most reliable markets for European luxury houses, where names like Chanel, Gucci and Louis Vuitton seemed immu...

J Ints Bio unveils 4th-generation targeted anti-cancer drug candidate

BARCELONA, Spain – J Ints Bio, a South Korean bioscience company, has unveiled JIN-A02, a fourth-generation epidermal growth factor receptor (...

S.Korea to scale up National Growth Fund to $110 bn with high-tech focus

South Korea will scale up the National Growth Fund to 150 trillion won ($110 billion) from the originally planned 100 trillion won to accelerate inv...

Korea’s Kospi hits historic high, with rally seen extending

South Korea’s benchmark stock index closed at a record high on Wednesday, lifted by strong foreign and institutional demand for financial and ...

Samsung chairman’s son gives up US citizenship to enlist as naval officer in Korea

Lee Jee-ho, the eldest son of Lee Jae-yong, chairman of South Korea’s largest conglomerate Samsung, is set to begin military service as a nava...

South Korea’s Duguru picks Singapore for global debut

Duguru, a Seoul-based specialist known for blending plants with interior design, is gearing up for global expansion by bringing Korean-style landsca...

ISS backs HD Hyundai Construction-Infracore merger for efficiency, synergy

Institutional Shareholder Services Inc. has thrown its weight behind the planned merger of HD Hyundai Construction Equipment Co. and HD Hyundai Infr...

South Korea overtaken by Taiwan in monthly exports, weighed down by US tariffs

Taiwan’s monthly exports have overtaken South Korea’s overseas shipments for the first time, indicating the diverging fortunes of Asia&r...

Korea’s GEPS seeks two global infrastructure fund houses for $60 mn each

South Korea’s Government Employees Pension Service (GEPS) is seeking two infrastructure fund houses to commit 50 million euros ($60 million) t...

Seoul warns MASGA project at risk as $350 bn fund talks with Washington stall

South Korea’s negotiations with the US over the launch of a $350 billion US investment fund has made little progress, a senior presidential of...

Eric Trump hails South Korea as Asia’s crypto market leader

Eric Trump, the second son of US President Donald Trump, on Tuesday hailed South Korea as the frontrunner in Asia’s cryptocurrency market and ...

S.Korea may turn to foreign bank to revive $3 billion Nexon stake sale

South Korea is likely to tap a global investment bank to breathe new life into the stalled $3 billion sale of its stake in NXC Corp., the holding co...

LG Chem to raise up to $2.2 bn in Korea’s largest PRS deal, backed by LG Energy stake

South Korea’s leading chemicals maker, LG Chem Ltd., has set out to raise as much as 3 trillion won ($2.2 billion) through a stock-linked fina...

KKR named preferred buyer of Brookfield’s logistics center in Korea

A consortium of Kohlberg Kravis Roberts (KKR) and its Seoul-based real estate investment arm Kreate Asset Management has been picked as the preferre...

SK Telecom debuts AI agent abroad in Japan's TimeTree tie-up

South Korea’s SK Telecom Co. is taking its artificial intelligence agent overseas for the first time, betting that Japan’s fast-growing ...

Korea’s major US investment projects halted as detained LG Energy workers set for release

ELLABELL, Georgia – The South Korean government has secured the release of about 300 nationals detained following a raid by US authorities on ...

US raid on Hyundai-LG plant seen as 2026 midterm gambit

NEW YORK – A surprise raid by US Immigration and Customs Enforcement (ICE) on a Hyundai-LG battery plant project in Georgia may be part of the...

S.Korea rattled by detention of hundreds of workers at Hyundai-LG battery JV in sweeping US raid

Several hundred workers at an electric vehicle battery joint venture between Hyundai Motor Co. and LG Energy Solution Ltd., which is currently und...

S.Korea turns to Southwest Asia for export growth with Bangladesh in focus

South Korea is turning to Southwest Asia as a new export market with a focus on Bangladesh as it seeks to expand trade with the energy-rich, populou...

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’s signature spices, sauces: niche market becomes fierce global battleground

Disputes have recently erupted in South Korea over the runaway success of Netflix’s animated film KPop Demon Hunters, centering on one issue: ...

S.Korea posts record July current account surplus on chips; full-year figure seen at $110 billion

South Korea, Asia’s fourth-largest economy, chalked up a record July current account surplus, powered by a surge in semiconductor and car expo...

South Korea’s FSC faces closure after 17 years amid sweeping reform

South Korea’s top financial regulator, the Financial Services Commission (FSC), is poised to be written into history after 17 years, as the go...

S.Korea seeks to join Japan-led CPTPP economic alliance amid Trump-era tariff risks

South Korea is seeking to join a 12-member multilateral economic and trade alliance led by Japan to hedge against intensifying US-China rivalry and ...

South Korea’s Hanwha bets big on Europe with Polish missile venture

South Korea’s Hanwha Group has deepened its European push by sealing a deal to build a joint venture in Poland to produce guided missiles, the...