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...

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...

Hana Financial to expand US presence with $100 mn injection into US banking arm

Hana Financial Group is moving to strengthen its presence in the US with a fresh capital injection into its local banking unit, as South Korean comp...

Korean pension fund NPS weighs role in naming financial firms’ directors as regulator pushes governance overhaul

South Korea’s financial watchdog is set to prod the state-run pension fund, the National Pension Service (NPS), to make active use of its shar...

NPS to pull all IGIS Asset-committed funds, throwing sale process into disarray

South Korea’s state-run pension fund, the National Pension Service (NPS), has moved to withdraw all of its money committed to IGIS Asset Manag...

Shinhan backs Chairman Jin for 2nd term after breakout performance

Shinhan Financial Group Co. on Thursday reappointed Chairman Jin Ok-dong for a second term, rewarding the former retail banker for steering the fina...

Naver seals acquisition of Upbit operator Dunamu, creates $13.6 bn fintech powerhouse

South Korean tech giant Naver Corp. has folded Dunamu Inc., the operator of Upbit, the country’s largest cryptocurrency exchange, into its cor...

EQT Partners acquires Korea’s leading ERP player Douzone Bizon for $905 million

Sweden’s EQT Partners, one of Europe’s largest private equity firms, has agreed to acquire a controlling stake in Douzone Bizon Co., Sou...

Hana to set up consumer protection committee, 1st in Korea's financial industry

Hana Financial Group will establish a consumer protection committee within its board of directors, becoming the first South Korean financial institu...

Korea Investment & Securities, Man Group seek to launch Asia equity fund

Korea Investment & Securities Co. (KIS) and Man Group are preparing to roll out an Asia-focused equity fund, marking their second joint investme...

South Korean banks turn to India as post-China growth frontier

South Korea’s top commercial banks are stepping up their presence in India, betting on the world’s most populous nation as global invest...

Hana Financial to take full control of Hana Asset to bolster retirement, ETF funds

Hana Financial Group is moving to take full ownership of its asset management arm, a step aimed at strengthening its position in South Korea’s...

South Korea M&As surge 44% in Q3 as UBS, Kim & Chang hold leads

South Korea’s mergers and acquisitions market rebounded sharply in the third quarter as conglomerates accelerated restructuring and asset sale...

Debate brewing over Naver, Dunamu’s enterprise values as share swap deal progresses

A fierce debate is brewing in Seoul’s investment community over the pricing of a landmark share swap between Naver Corp., South Korea’s ...

S.Korea shelves financial regulator shake-up, keeps FSC, FSS in place

South Korea’s government and ruling Democratic Party on Thursday scrapped a sweeping plan to reform the nation’s financial authorities, ...

BlackRock nets 70% gain from Korean chip, financial stocks

BlackRock Inc. has scored big in South Korea’s equity market, booking estimated gains of almost 70% on its Korean portfolio built around long-...

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 ...

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...

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...

Shinhan Financial bets on stablecoins, AI in digital overhaul  

Shinhan Financial Group Co., South Korea’s largest financial firm, is stepping up efforts to integrate stablecoins and artificial intelligence...

Samsung, Mirae Asset, KB vie for $44.7 bn pension investment pool management

South Korea has opened bidding for the management of its 62 trillion won ($44.7 billion) state pension investment pool, pitting two of the country&r...

Seoul calls for specific ethylene cut targets, demands shareholders’ fresh fund injections

South Korea’s financial regulators are calling on the country’s petrochemical producers to draw up sweeping self-rescue measures, includ...

S.Korea’s petrochemical firms to cut capacity on state call for rigorous restructuring

South Korea’s 10 largest petrochemical companies have agreed to restructure their operations, including up to 25% cuts to their naphtha-cracki...

JPMorgan, Morgan Stanley to meet with Korean regulators, financial chiefs to assess Korea risks firsthand

JPMorgan and Morgan Stanley executives, alongside dozens of overseas investors, will visit South Korea next month to meet with top policymakers and ...

NH gains most in Korea’s first-half IB league; Meritz emerges as fast-rising challenger

South Korea’s investment banking hierarchy is in flux after the country’s leading brokerages reported sharply divergent earnings perform...

Hana Bank, Vietnam’s BIDV to expand cross-border QR payment services under strategic partnership

Hana Bank, one of South Korea’s leading lenders, said on Wednesday that it has signed an agreement with Vietnam's largest state-owned commerci...

Korea’s YNCC at default risk due to owners’ conflict amid petrochemical slowdown

Yeochun NCC Co. (YNCC), South Korea’s major petrochemical producer, is facing a default risk as its owners disagree over capital injections am...

Woori Investment's IPO market entry set to intensify SME underwriting rivalry

Woori Investment & Securities Co. has launched an initial public offering-dedicated unit within its corporate finance division in its foray into...

Keistone Partners acquires e-commerce logistics firm GoodsFlow from SK Energy

Keistone Partners has acquired GoodsFlow Co., an e-commerce logistics service provider, from oil refiner SK Energy Co. in a deal valued at around 50...

SK Innovation to merge SK On with SK Enmove to boost financial health

SK Innovation Co., an intermediary holding company of South Korea's No. 2 business group, said on Wednesday it will merge SK On Co. with SK Enmove C...