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 ...

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...

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 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...

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...

SK Ecoplant’s IPO push clashes with investor allegations of penalty evasion

SK Ecoplant Co.’s plan to go public next year has met a backlash from its financial investors, who accuse the company of forcing a premature l...

North Korean hacking group Lazarus blamed for $30 million crypto exchange Upbit heist

South Korean authorities have pinned responsibility for a 44.5 billion won ($30 million) hack on Upbit, the country’s largest cryptocurrency e...

Homeplus sale back to square one after two initial bidders pull out

The court-supervised sale of Homeplus Co., a troubled South Korean hypermarket chain operator, has been thrown into disarray after all potential buy...

NPS to outsource specialists to strengthen ESG engagement with overseas portfolio firms

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is seeking to...

Yen's slide pushes Korean won to 7-month low amid worries over Japan's fiscal plan

The Korean won fell to its weakest level in seven months on Thursday, weighed down by a sharp decline in the Japanese yen following reports of Japan...

Hyundai, Samsung, SK, LG vow massive domestic investment

South Korea’s top four conglomerates — Samsung, Hyundai Motor, SK and LG — are cranking up domestic investment as Asia’s No....

Hyundai Motor Group to build $2.7 bn EV mother factory in S.Korea

Hyundai Motor Group, the world’s third-largest automaker with 7.23 million vehicles sold last year, will invest 4 trillion won ($2.7 billion) ...

South Korea’s NPS backs Musk’s $1 trillion Tesla pay plan

The National Pension Service, the world’s third-largest pension fund with over $910 billion in assets, will vote in favor of Elon Musk&rsquo...

Kospi rally leaves little room for NPS to buy more domestic stocks

The record-setting rally in South Korean stocks has nearly closed the window for the National Pension Service (NPS) to buy additional domestic share...

S.Korea gets Trump nod for Hanwha to make nuclear-powered submarines in Philly Shipyard

Donald Trump has approved South Korea’s long-sought plan to build nuclear-powered submarines, a move that could transform Korea’s naval ...

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...

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...

S.Korea tempers expectations for US tariff deal before APEC summit

South Korea’s top trade negotiators on Friday struck a cautious tone over the prospect of finalizing a tariff agreement with the US, before US...

Classys, majority owned by Bain Capital, acquires Brazil's biggest beauty device retailer

South Korean medical aesthetics company Classys Inc. has acquired JL Health Participacoes S.A., a medical beauty device retailer in Brazil, one of i...

Taekwang signs definitive $331 million deal to acquire K-beauty firm Aekyung Industrial

A consortium led by Taekwang Industrial Co. is set to sign a definitive agreement to acquire a controlling stake in Aekyung Industrial Co. from AK H...

Kia gears up electrification with new EV models and factory upgrades

Kia Corp., South Korea’s second-largest automaker, is accelerating its transition toward electrification, unveiling plans to add new electric ...

NPS delays domestic PE investment plan amid Homeplus fallout

The National Pension Service (NPS), South Korea’s largest institutional investor, may skip its domestic private equity commitment this year as...

Korea’s steel industry set to suffer further as EU plans to cut import quotas, double tariffs

South Korea’s steel industry is expected to take another hit as the European Union plans to tighten restrictions on steel imports by cutting t...

Hyundai cuts IONIQ 5 prices in US to deal with end of EV tax subsidy

Hyundai Motor Co., South Korea’s top automaker, on Wednesday lowered the prices of the IONIQ 5 lineup in the US to as automakers in the world&...

Korea’s battery materials maker Enchem scraps $143 mn US plant plan

Enchem Co., a South Korean battery materials maker, has scrapped its plan to invest $143 million to build a plant in the US due to the protracted do...

Korea’s Lee vows third Commercial Act revision, to unveil MSCI upgrade plan by year-end

South Korean President Lee Jae Myung has pledged to press ahead with a third round of Commercial Act reforms, despite an anticipated backlash from b...

Japan’s Ishiba plans farewell visit to S.Korea for summit with Lee

Japanese Prime Minister Ishiba Shigeru is expected to visit South Korea at the end of September for his final summit with President Lee Jae Myung be...

Korean won sinks amid US investment jitters; Seoul plans 24-hour FX trading

The Korean won tumbled past 1,410 to the dollar on Friday for the first time in four months, rattled by a resurgent greenback and rising unease over...

Lotte Duty Free resumes trade with Chinese resellers as K-beauty sales rise

Lotte Duty Free, South Korea’s largest duty-free business operator, has resumed sales to Chinese bulk resellers, known as daigou traders, reve...

Lee to address UN general assembly; no bilateral meeting with Trump planned

South Korean President Lee Jae Myung will head to New York on Sunday to deliver a keynote address at the United Nations General Assembly and preside...