Hanwha Philly Shipyard primed to build next-generation US Navy submarines

PHILADELPHIA -- A year after South Korea’s Hanwha Group acquired the Philadelphia shipyard for $100 million, the facility is being positioned ...

Coupang saga takes new turn; Korea tries to contain negative fallout as US politician decries move

The saga over South Korea’s largest e-commerce platform operator Coupang Inc. is escalating as a massive personal data breach at the company t...

Won jumps after tough jawboning as Korea dangles tax breaks to lure back US stock investors

South Korea on Wednesday unveiled temporary tax breaks to coax retail investors out of US stocks and back into domestic equities, as authorities ste...

Seoul court rejects MBK bid to block Korea Zinc share sale to US-backed JV

A South Korean court has rejected a bid by an alliance of private equity firm MBK Partners and Young Poong Corp. to block Korea Zinc Inc. from selli...

K-beauty’s 2nd wave extends to wellness, lifestyle services: VIG Partners

No longer confined to skincare and makeup, the K-beauty has evolved into a multi-layered ecosystem spanning fashion items, wellness and lifestyle se...

Korea Investment & Securities taps KakaoBank executive Kim Gwang-ok as new IB head

Korea Investment & Securities has tapped Kim Gwang-ok, a vice president at KakaoBank, as its next head of investment banking, marking his return...

Kakao Entertainment to launch pan-Asian K-pop artist chart with Tencent Music, LINE MUSIC

Kakao Entertainment is moving to establish a new cross-border benchmark for K-pop popularity, teaming up with China’s Tencent Music Entertainm...

Trump says Hanwha to partner on US Navy frigates; MASGA project gains momentum

The US Navy will work with Hanwha Group on a new class of frigates, President Donald Trump said on Monday, signaling that the South Korean conglomer...

S.Korea’s $4.7 bn next-generation destroyer project set as 2-way race between Hanwha Ocean, HD Hyundai

South Korea has decided to select the builder of its advanced next-generation destroyers through a competitive bidding process, ending two years of ...

South Korea opens broad special tax probe into Coupang after data breach

South Korea’s tax authorities have opened a broad special audit of Coupang Inc., which has come under scrutiny over its handling of a massive ...

Korea’s senior presidential secretary says won’s slide excessive, govt won’t stand idly by

A senior South Korean presidential secretary has issued a rare warning to currency traders, saying that the government will not stand idly by if spe...

Samsung Biologics to buy its first US drug factory from GSK for $280 mn

Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it is acquiring its first US drug production facility from GSK p...

Korea’s Hanwha wins 1st US defense deal with Boeing for F-15 parts

Hanwha Systems Co., a leading South Korean defense manufacturer, has won its first US Air Force contract to supply Boeing Co. with cockpit displays ...

Krafton, Naver and Mirae Asset to launch up to $740 million Asia tech fund in India push

Krafton Inc., South Korea’s leading game developer, said on Friday it will join forces with Naver Corp., the country’s dominant internet...

Samsung unveils Exynos 2600, industry’s first 2 nm AP

Samsung Electronics Co. on Friday set out details of its latest application processor, the Exynos 2600, the industry’s first smartphone chip p...

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...

BTS’ Anpanman rises to top of Billboard chart 7 years after release

Few would have expected a B-side released in 2018 to resurface at the top of a Billboard chart in late 2025. Yet BTS’ Anpanman, long familiar ...

Economic volatility offers opportunity for US alternative property investments: Kayne Anderson CEO

Global economic uncertainty is providing an opportunity for investments in US alternative real estate, including outpatient medical office and senio...

Korea Zinc offers preferential terms to US with option to buy up to 34.5% in $7 bn smelter

Korea Zinc Inc. has agreed to grant the US government an option to acquire up to a 34.5% stake in a minerals smelter it plans to build in Tennessee,...

South Korean won weakens past 1,480 per dollar, lowest in 8 months

South Korea’s won weakened past the 1,480 per dollar in intraday trade on Wednesday, reaching its weakest point in about eight months as forei...

STIC Investment to acquire laundry franchise giant Cleantopia for about $480 mn

STIC Investment, a South Korea–based private equity firm, is set to acquire Cleantopia, the country’s largest laundry franchise operator...

South Korea’s year-end IPO market defies seasonal lull

South Korea’s initial public offering market, typically subdued at the end of the year, is showing unusual exuberance as newly listed companie...

GEPS seeks brokerage firms for global equities, bonds trading in H1, 2026

South Korea’s Government Employees Pension Service (GEPS) is seeking brokerage firms to handle overseas asset trading for the first half of 20...

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...

Lotte buys land beneath Lotte New York Palace building for $490 mn

Lotte Hotels & Resorts, a South Korean luxury hotel chain, said on Monday that it had completed the purchase of the land beneath the Lotte New Y...

South Korea names former lawmaker Kim Sung-joo to lead NPS

South Korea has appointed Kim Sung-joo, a former lawmaker from the ruling Democratic Party and a longtime health policy specialist, as chairman and ...

Seoul fires starting gun on $102 bn fund with demand already outpacing supply

South Korea officially launched its 150 trillion won ($102 billion) sovereign-backed investment vehicle on Thursday, revealing that initial funding ...

Hyundai taps Porsche, BMW-bred Manfred Harrer as R&D chief in sweeping leadership shake-up

South Korea’s top automaker Hyundai Motor Group is replacing the heads of both hardware and software development in its boldest executive resh...

Stray Kids extend their historic run with another Billboard year-end victory

Stray Kids have reaffirmed their status as a global top artist, claiming the No. 1 spot on Billboard’s 2025 World Albums Year-End chart for th...