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Mergers & Acquisitions
Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition
Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufacturer of heating, ventilation and air conditionin...
2 HOURS AGO
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Mergers & Acquisitions
Hanjin KAL roars on renewed control dispute hints with Hoban
Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally Wednesday morning after surging...
3 HOURS AGO
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Airlines
Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million
Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake ...
May 11, 2025 (Gmt+09:00)
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Electronics
Now, slim is in – and Samsung aims to be No. 1 with Galaxy S25 Edge
With the advent of mobile AI, the performance arms race among smartphone makers is reaching diminishing returns, as some market analysts put it.The ...
May 09, 2025 (Gmt+09:00)
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Pension funds
S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($1...
May 08, 2025 (Gmt+09:00)
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E-commerce
Coupang’s Q1 revenue up; quarterly dip signals rising competition
Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in...
May 07, 2025 (Gmt+09:00)
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Business & Politics
Trump Jr. meets Korean business chiefs in back-to-back sessions
Donald Trump Jr., the eldest son of US President Donald Trump, spent his one-and-a-half-day visit to South Korea in back-to-back private meetings wi...
Apr 30, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE secures $1.8 bn in container ship orders
HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) ...
Apr 28, 2025 (Gmt+09:00)
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E-commerce
JD.com opens Korean logistics centers, preluding C-commerce invasion
JD.com, often dubbed China’s answer to Amazon.com, has opened its own logistics centers in South Korea, becoming the first Chinese e-commerce ...
Apr 24, 2025 (Gmt+09:00)
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Economy
Korea’s Q1 economic contraction adds to stimulus expectations
South Korea's economy unexpectedly contracted in the first quarter as exports and consumption fell amid a political crisis and fears over the impact...
Apr 24, 2025 (Gmt+09:00)
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E-commerce
StockX in merger talks with Naver’s online reseller Kream
StockX, the world’s most popular online resale marketplace, is in talks to merge with Kream, a resale unicorn under South Korea’s tech g...
Apr 23, 2025 (Gmt+09:00)
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Foreign exchange
S.Korea plans $1.2 bn forex bond issue after presidential election
South Korea plans to issue up to $1.2 billion in foreign exchange stabilization bonds as early as June, in what would mark the new administration&rs...
Apr 21, 2025 (Gmt+09:00)
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Culture & Trends
S.Korea’s medical tourism thrives on weak currency
Foreign visitors to South Korea jumped nearly 20% early this year, largely driven by a sharp depreciation in the country’s currency value agai...
Apr 18, 2025 (Gmt+09:00)
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Central bank
BOK stands pat; rate cut likely within 3 months as economic growth slows
The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...
Apr 17, 2025 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS breaks into US smart city market
LG CNS Co., the information technology service unit of South Korea’s LG Group, has won its first public-sector smart city contracts in the US,...
Apr 17, 2025 (Gmt+09:00)
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Shareholder activism
US PE firm Miri Capital ups stake in Korea’s STIC Investments
US private equity firm Miri Capital Management LLC said on Tuesday it has raised its stake in STIC Investments Inc. to step up its shareholder activ...
Apr 16, 2025 (Gmt+09:00)
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E-commerce
Naver mulls acquiring about a 10% stake in Kurly
Naver Corp. is considering taking over a stake in Kurly Inc. to become the largest shareholder in the South Korean dawn delivery service market pion...
Apr 13, 2025 (Gmt+09:00)
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Private equity
Glenwood PE to increase blind fund to $1 bn on pension funds’ interest
South Korea’s Glenwood Private Equity Co. is set to increase a blind fund to 1.5 trillion won ($1 billion) as pension funds at home and abroad...
Apr 11, 2025 (Gmt+09:00)
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Travel & Leisure
S.Korea’s foreigners-only casinos bask in return of Chinese high rollers
South Korea’s foreigners-only casinos are witnessing a significant rise in their sales revenue with the return of high rollers from China and ...
Apr 10, 2025 (Gmt+09:00)
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Automobiles
Kia to build North America-targeted electric pickup model
Kia Corp., South Korea’s second-largest carmaker, will build an electric pickup model tailored for North America to enter the world’s la...
Apr 09, 2025 (Gmt+09:00)
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Korean chipmakers
SK Hynix beats Samsung to become global No.1 DRAM maker
SK Hynix Inc. has snatched the crown from Samsung Electronics Co. to become the world’s largest memory chip supplier for the first time since ...
Apr 09, 2025 (Gmt+09:00)
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Business & Politics
S.Korea's Han, Trump discuss transactional diplomacy in 1st direct talks
South Korea’s Acting President and Prime Minister Han Duck-soo spoke with US President Donald Trump on Tuesday to discuss various issues of mu...
Apr 09, 2025 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace slashes planned rights offering size to $1.6 billion
Hanwha Aerospace Co., a leading South Korean defense company, said on Tuesday it plans to slash the size of its proposed rights offering to 2.3 tril...
Apr 08, 2025 (Gmt+09:00)
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Electronics
Samsung unveils upgraded AI-powered OLED TVs
Samsung Electronics Co. on Monday showcased its new lineup of organic light-emitting diode (OLED) TVs with advanced artificial intelligence features...
Apr 07, 2025 (Gmt+09:00)
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Korean stock market
South Korean stocks, currency dive amid deeper US tariff turmoil
The South Korean stock market logged its biggest daily loss of more than 5% in eight months on Monday, joining its Asian peers bruised by panic sell...
Apr 07, 2025 (Gmt+09:00)
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Entertainment
Kakao Entertainment sheds loss-making units, revives IPO prospects
Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...
Apr 07, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai on course for $1.55 bn order amid US-China trade war
HD Hyundai Co., the world’s largest shipbuilding group, is emerging as a key beneficiary of the Trump administration’s tariff policies a...
Apr 06, 2025 (Gmt+09:00)
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Automobiles
Hyundai premieres all-new NEXO, reinforcing hydrogen power
Hyundai Motor Co. on Thursday unveiled the all-new NEXO, the first full-change model of the fuel cell electric vehicle (FCEV) since its launch in 20...
Apr 03, 2025 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace, General Atomics to build unmanned aerial vehicles
Hanwha Aerospace Co., a leading South Korean defense company, has joined forces with US-based General Atomics Aeronautical Systems Inc. (GA-ASI) to ...
Apr 02, 2025 (Gmt+09:00)
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Leadership & Management
Samsung mobile chief fills leadership void in device division
Samsung Electronics Co. has appointed TM Roh, president and head of its mobile eXperience (MX) business, as the new chief of its device eXperience (...
Apr 02, 2025 (Gmt+09:00)
Latest News
- 1 Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition
- 2 Hanjin KAL roars on renewed control dispute hints with Hoban
- 3 POSCO Future M to raise $771 million to bolster battery materials business
- 4 Dawn delivery pioneer Kurly posts 1st-ever quarterly profit
- 5 South Korea’s mid-tier shipbuilders sail into new supercycle as China struggles