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EarningsHana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship...
Jan 31, 2024 (Gmt+09:00)
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AirlinesJapan approves Korean Air-Asiana merger
Japan has finally given the nod to the merger between South Korea’s No. 1 full-service carrier Korean Air Lines Co. and No...
Jan 31, 2024 (Gmt+09:00)
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Real estateKorean LPs eye industrial, logistics amid e-commerce growth
Global real estate will be the least-chosen asset class for South Korean institutional investors this year, according to a recent ...
Jan 31, 2024 (Gmt+09:00)
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Venture capitalSK Networks ties up with US-based Bow Capital for investments
SK Networks Co., a South Korean trading company, joined hands with Silicon Valley-based venture capital firm Bow Capital for inv...
Jan 31, 2024 (Gmt+09:00)
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Hydrogen economyPOSCO Int’l teams up with UAE for blue hydrogen
POSCO International Corp. and POSCO Holdings Inc. announced on Wednesday that they signed a strategic collaboration agreement (S...
Jan 31, 2024 (Gmt+09:00)
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Beauty & CosmeticsAmorepacific's profit halves on weak sales in China; shares drop
South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group anno...
Jan 31, 2024 (Gmt+09:00)
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E-commerceAliExpress’ zero-commission offer jolts Coupang, Naver
AliExpress, an e-commerce arm of China’s Alibaba Group, has offered Korean companies zero commissions, under which it will...
Jan 31, 2024 (Gmt+09:00)
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MachineryDoosan Bobcat showcases hydrogen-powered forklift in S.Korea
Doosan Bobcat, the construction and agricultural machine manufacturer of South Korea’s Doosan Group, has commercialized hy...
Jan 31, 2024 (Gmt+09:00)
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Korean stock marketKorean banks stop ELS sales after HSCEI debacle
South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regul...
Jan 31, 2024 (Gmt+09:00)
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Food & BeverageLotte Wellfood to produce Pepero in India
South Korea's Lotte Wellfood Co. announced on Wednesday that it plans to build a Pepero production line in India. Pepero is a th...
Jan 31, 2024 (Gmt+09:00)
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LogisticsCJ Logistics, Saigon Co.op form partnership in Vietnam
South Korea’s CJ Logistics announced on Wednesday that it has formed a strategic partnership with Vietnamese state-owned...
Jan 31, 2024 (Gmt+09:00)
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InfrastructureDigital assets emerge as Korean LPs' No. 1 infrastructure target
Digital infrastructure, such as data centers, towers and smart meters, will be the hottest infrastructure asset this year for Sout...
Jan 31, 2024 (Gmt+09:00)
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Banking & FinanceTaiwan QR code to be available at BC Card merchants in S.Korea
South Korea’s BC Card announced on Wednesday that it will introduce the Taiwanese QR payment method TWQR in the domestic m...
Jan 31, 2024 (Gmt+09:00)
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EarningsSamsung offers upbeat 2024 outlook on chip recovery
Samsung Electronics Co., the world’s top memory chipmaker, on Wednesday offered an upbeat outlook for the semiconductor in...
Jan 31, 2024 (Gmt+09:00)
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Aerospace & DefenseHuneed, DTC to co-work for military radio equipment
South Korea's Huneed Technologies announced on Tuesday that it has signed a teaming agreement with the UK-based Codan Communicat...
Jan 31, 2024 (Gmt+09:00)