Korea’s commercial property market set for hyper-polarization in 2026: Koramco
South Korea’s commercial real estate market is poised to enter a period of hyper-polarization in 2026, with demand and value increasingly conc...
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...
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 ...
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...
SK seeks to sell AI data center stake for up to $1.4 bn with KKR interested
SK Group, South Korea’s second-largest conglomerate, is seeking to sell up to a 49% stake in an artificial intelligence data center it is buil...
Coupang CEO resigns after data breach; interim chief appointed
Park Dae-jun, chief executive overseeing Coupang Inc.’s Korean operations, has resigned to take responsibility for the company’s recent ...
Coupang users to file class-action lawsuit in US over data leak
Several hundred customers of Coupang Inc. are joining forces to bring a class-action lawsuit against the e-commerce giant to a US federal court, see...
LG to supply AI infrastructure solutions to Microsoft worth billions of dollars annually
LG Group’s key units, including LG Electronics Inc. and LG Energy Solution Ltd., signed a memorandum of understanding (MOU) with Microsoft Cor...
Coupang faces tough penalties, lawsuits over data breach; shares fall on NYSE
South Korean President Lee Jae Myung on Tuesday called for tough penalties for corporate negligence in data breaches, saying a massive leak at Coupa...
Sino-Japanese tensions: Boon for Korean retailers; Musinsa, Daiso, CU welcome Chinese tourists
When 28-year-old Mao Xin arrived in Seoul late last month, Japan – once her preferred holiday destination – was no longer on the itinera...
Korean retail giant Coupang hit by unprecedented data breach affecting nearly all its users
Coupang Inc., South Korea’s largest e-commerce platform, which reshaped the country’s retail landscape with its “rocket delivery&r...
CHA Bio Group acquires Kakao Healthcare to advance into AI-based digital health segment
CHA Bio Group, the parent of CHA Biotech Co., South Korea’s leading stem cell therapeutics developer, has agreed to acquire control of Kakao H...
South Korea, UAE to jointly pursue nuclear energy exports; Seoul to join Stargate UAE project
South Korea and the United Arab Emirates (UAE) have agreed to jointly pursue nuclear energy exports to third countries, while Seoul is also poised t...
Beyond shopping: Central Department Store’s Korean fashion play
In Bangkok’s bustling Gangnam-equivalent of Chidlom, where cafe culture meets couture, Thailand’s largest department store chain, Centra...
AWS, 6 other global giants pledge $9 bn Korean investment as Trump, Lee address APEC CEO Summit
GYEONGJU – Seven global tech giants, including Amazon Web Services (AWS), on Wednesday unveiled a combined $9 billion investment plan in South...
US data analytics giant Palantir CEO meets with Korean tech chiefs behind curtain
Alex Karp, chief executive of US data analytics giant Palantir Technologies Inc. on Tuesday held a string of tightly guarded meetings with the chief...
South Korea to share monthly FX intervention data with US
South Korea and the US struck a new foreign-exchange policy accord that officials in Seoul said could lay the groundwork for a prompt bilateral curr...
Seoul clears Shinsegae-Alibaba JV with data-sharing ban
The Fair Trade Commission (FTC) on Thursday conditionally approved the launch of a joint venture in South Korea between Shinsegae Inc. and Alibaba G...
Google to blur South Korean security sites on mapping services
Google Inc. will remove geographic coordinates of South Korea’s security locations and blur sensitive sites on its maps and Google Earth to ad...
Next-wave K-Beauty brands chart growth without outside capital
K-Beauty’s rising stars are steering clear of outside capital, opting instead for self-financed growth supported by solid cash reserves, data-...
LG CNS to build AI data center in Vietnam, accelerating Southeast Asia push
LG CNS Co. will build a hyperscale artificial intelligence data center for Vietnam’s state-run telecom giant Vietnam Posts and Telecommunicati...
LG CNS to build AI data center in Indonesia, first for Korean firm
LG CNS Co., the information technology services unit of South Korea’s LG Group, has bagged a deal to build an artificial intelligence-ready da...
Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates
Once an afterthought in the global food trade, South Korea’s signature spices and sauces, ranging from fiery gochujang to fermented doenjang, ...
Roborock’s privacy policy fuels data leak fears over Chinese goods
A new personal data processing policy from Chinese robot vacuum maker Roborock is raising fears that consumer data could be leaked to or misused by ...
Naver Financial seeks to acquire S. Korean real estate data platform Asil
Naver Financial Corp., the fintech subsidiary of South Korean tech giant Naver Corp., is looking to acquire Asil, a domestic big data-based real est...
SK, AWS to build South Korea’s largest, multibillion-dollar AI data center
South Korea’s second-largest conglomerate SK and Amazon Web Services Inc. (AWS), the world's largest cloud platform provider, will build a 103...
Koramco targets $7 bn bet on Korea data centers
Koramco Asset Management Co., South Korea’s leading real estate investment firm, plans to invest 10 trillion won ($7 billion) in domestic data...
Korea to allow non-profits to buy bad consumer loans
The Financial Services Commission (FSC) has proposed regulatory changes that would allow non-profit organizations to purchase bad loans from individ...
Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet
Naver Ventures, the first dedicated Silicon Valley venture capital arm of Naver Corp., has made its debut investment in Nvidia Corp.-backed TwelveLa...
OpenAI sets up entity in Korea with most paid ChatGPT users outside US
OpenAI Inc., the creator of generative AI ChatGPT, has established a legal entity in South Korea, which has the largest number of paying ChatGPT sub...
