Korea’s Hanwha wins first 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 ...
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...
Carlyle buys KFC Korea for $135 mn, deepening its presence in KFC's Asian operations
The Carlyle Group has acquired the Korean operations of KFC, the iconic fried chicken chain, for about 200 billion won ($135 million), marking one o...
BOK decides to waive FX levy at emergency monetary meeting to boost dollar liquidity
The Bank of Korea (BOK) on Friday convened its first extraordinary meeting of the monetary policy board in a year, approving a temporary waiver of a...
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...
Korea Post seeks offshore real estate secondary funds for $150 mn mandate
Korea Post is seeking one or two offshore real estate secondary fund managers for a commitment of up to $150 million, or €150 million in total....
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...
Korea presidential office convenes FX meeting with top exporters as it eases FX rules
South Korea’s presidential office on Thursday convened an emergency meeting with executives from seven of the country’s largest conglome...
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,...
Returns of BTS, BigBang, EXO put K-pop stocks back in play
South Korean entertainment stocks are moving back into the spotlight as expectations build for the return of top boy bands led by BTS and renewed op...
Doosan named preferred bidder for SK Siltron, world's No. 3 chip wafer supplier
Doosan Group has moved a step closer to acquiring SK Siltron Co., the world’s third-largest semiconductor wafer maker, after the engineering-t...
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...
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...
SK weighs Ulsan cracker shutdown as S.Korea’s petrochemical shakeout deepens
South Korea’s drive to restructure its petrochemical industry is entering a pivotal phase as SK Geo Centric Co. is leaning toward shutting a n...
S.Korea, UK strike upgraded trade deal, expanding market access on both sides
South Korea and the UK have agreed to upgrade their bilateral free trade agreement, a move Seoul expects will unlock fresh export momentum in automo...
NPS extends strategic currency hedging to end-2026, adds flexibility to stabilize won
The National Pension Service (NPS), South Korea’s state-run pension fund and largest institutional investor, has decided to extend its strateg...
Seoul weighs Kosdaq split from Kospi to invigorate lagging junior market
South Korean policymakers are weighing a far-reaching reform of the country’s stock market structure that would separate the Kosdaq from its l...
Korea Zinc plans $6.8 bn US smelter with Washington’s equity stake; Young Poong, MBK oppose plan
Korea Zinc Inc., the world’s largest non-ferrous metals smelter, is planning to build a 10 trillion won ($6.8 billion) smelting complex in the...
Tribunal procedural flaws led to Korea’s annulment win vs Lone Star: Arnold & Porter
South Korea’s rare victory against Lone Star in annulling an investor-state arbitration award turned on procedural flaws that lawyers argued d...
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...
SK On to build LFP battery plant in Korea for ESS output, targeting $13.5 billion govt projects
SK On Co., a major South Korean battery maker, has decided to build the country’s largest domestic production line for lithium iron phosphate ...
Korea’s petrochemical shakeout accelerates as YNCC moves to shut plant
South Korea’s long-stalled effort to restructure its petrochemical industry is set to gain fresh momentum as Yeochun NCC (YNCC) shareholders h...
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 ...
South Korea plans domestic asset-backed wealth fund modeled on Temasek
South Korea plans to create a sovereign wealth fund that would invest in state-owned assets, valued at around 1,300 trillion won ($900 billion), mod...
Hyundai Rotem nears $2 bn armored vehicle supply deal with Peru
Hyundai Rotem Co. has signed a tentative agreement with Peru's national defense company to supply a total of 195 armored vehicles, South Korea's pre...
GM Korea’s vehicle sales collapse to record low as Chinese EV maker BYD pulls ahead
The South Korean affiliate of US auto giant General Motors Co. saw its vehicle sales in November fall below 1,000 units – the lowest figure si...
Morgan Stanley PE Korea head Michael Hwey Hoon Chung steps down after 2 decades
Michael Hwey Hoon Chung, managing director at Morgan Stanley and head of Morgan Stanley Private Equity Asia's (MSPEA) South Korean operations, is ...
Korea seeks to overhaul listed firms’ M&A rules to use fair value instead of market prices
South Korea is seeking one of its most far-reaching capital-markets overhauls in decades, with plans to rewrite merger-valuation rules, tighten disc...
Is fever for Samyang’s Hot Chicken Flavor Ramen subsiding?
The globally renowned Hot Chicken Flavor Ramen is losing steam due to weaker demand following price hikes in the US and limitations in its core cons...
SoftBank's Son urges Korea to secure power to brace for artificial superintelligence
Masayoshi Son, the chief executive of SoftBank Group, on Friday urged South Korea to secure ample energy to prepare for the coming artificial superi...
