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...

Kakao Mobility’s 40% stake up for sale again; Hyundai, Delivery Hero tapped as buyers

A 40% stake in Kakao Mobility Corp., South Korea’s most popular taxi-hailing app operator, is up for sale again, with Hyundai Motor Group and ...

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...

LG Energy signs $1.4 bn supply deal with Mercedes-Benz, likely involving LFP batteries

LG Energy Solution Ltd. has signed a $1.4 billion battery supply deal with Mercedes-Benz, marking the fourth supply agreement with the German carmak...

Doosan Bobcat seeks to acquire Germany’s Wacker Neuson valued at $2.3 billion

Doosan Bobcat Co., a global construction machinery maker owned by South Korea’s Doosan Group, is seeking to acquire Wacker Neuson SE, a German...

BOK signals end of rate cut cycle after holding rates steady

The Bank of Korea (BOK) on Thursday signaled its rate-cutting cycle is nearing an end, keeping the policy rate unchanged at 2.50% for the fourth con...

S.Korea’s top shipyards ride container ship boom as China stumbles

South Korea’s shipbuilder giants are enjoying their strongest container ship cycle in nearly two decades, with this year’s order tally a...

Korean retail rush to US stocks hits new peak, driving vicious cycle for Korean won

South Korea’s retail investors are moving money into US stocks and bonds at an unprecedented pace, pouring record sums into US dollar-denomina...

Hillhouse makes $682 mn last-minute bid to compete with Hanwha, Heungkuk for IGIS Asset

Asia-based Hillhouse Investment Co. has emerged as a late-stage wildcard in the sale of IGIS Asset Management Co., South Korea’s largest real ...

Won tumbles to last year’s political crisis level; BOK chief vows intervention if needed

The South Korean won slid to its weakest level in seven months on Wednesday, briefly touching 1,470 against the dollar, as foreign investors pulled ...

POSCO invests $817 million to acquire lithium assets in Australia, Argentina

POSCO Holdings Inc., which owns South Korea’s top steelmaker POSCO, said on Wednesday that it is investing 1.2 trillion won ($817 million) to ...

Tesla courts Korean battery materials suppliers as it ramps up in-house cell production

Tesla Inc., one of the world’s top electric vehicle makers, is strengthening ties with South Korean suppliers of key battery materials such as...

Asia poised to lead private equity's next cycle: StepStone

Carve-outs, take-private deals, industrial upgrading and demographic shifts are expected to revive Asia's private equity market from a slowdown sinc...

Gen Z ditches leggings, squeezing spandex makers from Seoul to Shanghai

Hyosung TNC Corp., the world's largest spandex manufacturer, is facing an unexpected problem: The stretchy fiber that powered the athleisure revolut...

Samsung SDI set to supply ESS batteries to Tesla amid industry shift toward US-made parts

Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) estimated a...

KOREIT Asset, Dawon Corp. join forces on $43 mn golf, residential complex project in Philippines

KOREIT Asset Management Co., a unit of Korea Real Estate Investment & Trust Co., will team up with Dawon Corporation, South Korea’s leadin...

Seoul turns to US Treasury fund for dollar liquidity to cushion forex impact from tariff deal

South Korea and the US are moving closer to an agreement on how to structure a Seoul-proposed $350 billion investment fund without unsettling Korea&...

POSCO, Tsingshan join forces to turn Indonesia into stainless hub

POSCO, South Korea’s largest steelmaker, will build a stainless steel plant in Indonesia jointly with China’s Tsingshan Holding Group, t...

CJ CGV ends 15-year US multiplex run with Los Angeles closure

CJ CGV Co., South Korea’s largest cinema chain operator, has shut its last US theater in Los Angeles, ending a 15-year run in North America as...

VCs step up K-pop startup bets in hunt for next Demon Hunters

Once reluctant to touch entertainment, investors are now flooding K-pop startups with cash in hopes of capturing the next global breakout following ...

Car sharing: appealing option among Korean MZers as young drivers shun ownership

Owning a decent car was long a status symbol in South Korea, particularly among young people.Such days are gone. Now, those in their 20s and 30s, mo...

LG Corp. retires $180 million worth of treasury shares, offers 1st interim dividend

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, said on Thursday that it will retire 3.03 million treasur...

Korea’s demographic shift to single households: Magnet for global real estate giants, investors

South Korea’s rental housing market is attracting some of the world’s largest property investors, as the country’s shifting demogr...

Disney, Marvel, Star Wars stories to get Korean webtoon makeover

Webtoon Entertainment Inc. is bringing Iron Man, Spider-Man, Darth Vader and Beauty and the Beast to life in vertical web panels, reimagined in the ...

LG Energy secures $4.3 bn LFP battery deal from Tesla in shift from CATL

LG Energy Solution Ltd. on Wednesday announced a $4.3 billion deal to supply lithium iron phosphate (LFP) batteries to a foreign client, identified ...

K-beauty boom propels APR ahead of LG H&H, closing gap with AmorePacific

APR Co., South Korea's fast-growing beauty company, has outpaced the country's second-largest cosmetics firm LG H&H Co. in terms of market capit...

Korean budget carriers in the red as Japan travel slows, fare war intensifies

South Korea’s low-cost carriers (LCCs) are racking up losses as slowing growth in travel, particularly to Japan, fueled price wars to fill exc...

S.Korea to have 1st civilian defense minister in decades, career technocrats

South Korean President Lee Jae-myung on Monday announced a sweeping Cabinet reshuffle, naming a mix of career technocrats, senior lawmakers and &mda...

POSCO inducted into World Steel Dynamics’ Hall of Fame

South Korea’s POSCO Group has been permanently inducted into the Hall of Fame by the World Steel Dynamics (WSD), a US steel industry research ...

S.Korea eases path for foreign REITs in senior housing push

South Korea, grappling with a fast-aging population, has relaxed development and ownership rules for senior housing, opening the sector to foreign h...