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Companies

  • Elliott loses appeal over $19 mn claim against Samsung C&T

    Shareholder activism

    Elliott loses appeal over $19 mn claim against Samsung C&T

    A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for late payment from Samsung C&T Corp. related to a 2015 merger between Samsung C&T and Cheil Ind

    3 HOURS AGO

    2 Min read

    A South Korean appellate court has rejected Elliott Investment Management Corp.’s claim for 26.7 billion won ($19.3 million) in interest for late payment from Samsung C&T Corp. related to a 2015 merger between Samsung C&T and Cheil Ind

    3 HOURS AGO

  • Ramen, ready-to-eat meals lead K-food 2024 exports up 10%

    South Korea’s food exports climbed 10% on-year to $7.26 billion in 2024, led by ramen, ready-to-eat meals and seasoned seaweed, according to go...

    4 HOURS AGO

    1 Min read
  • HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading

    Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face prosecutors’...

    6 HOURS AGO

    4 Min read
  • HD Hyundai Group joins S.Korea’s 100 trillion won market cap club

    South Korean shipbuilding conglomerate HD Hyundai Group has joined South Korea’s elite club of conglomerates with a market capitalization excee...

    22 HOURS AGO

    4 Min read
  • Netmarble set to spark subculture craze at Summer Game Fest

    Netmarble Corp., South Korea’s leading game developer and publisher, is seeking to capitalize on the surging global demand for so-called subcul...

    May 28, 2025 (Gmt+09:00)

    3 Min read
  • Samsung to equip Galaxy Z Flip7 with Exynos AP at home

    Samsung Electronics Co. plans to power its upcoming foldable smartphone with its new in-house application processor (AP), marking a significant step ...

    May 28, 2025 (Gmt+09:00)

    3 Min read
  • Tencent to become SM Entertainment's No. 2 shareholder via HYBE deal

    Tencent Music Entertainment Group is set to become the second-largest shareholder of SM Entertainment Co. by acquiring HYBE Co.'s remaining shares in...

    May 28, 2025 (Gmt+09:00)

    1 Min read
  • LG Energy, Samsung SDI to build 1st US LFP battery plants with GM

    In a pivotal shift for the North American electric vehicle battery landscape, South Korea’s two leading battery makers – LG Energy Soluti...

    May 27, 2025 (Gmt+09:00)

    4 Min read
  • Korea’s KT signs $95 million AI partnership with Vietnam’s Viettel Group

    South Korea’s leading telecommunications service provider KT Corp. said on Tuesday it has signed a 130 billion won ($95 million) strategic part...

    May 27, 2025 (Gmt+09:00)

    2 Min read
  • Samsung Biologics drives foreign lead in Korea’s biotech supply chain

    A surge in orders from Samsung Biologics Co., the world’s largest contract drugmaker, has propelled South Korea to the forefront of global reve...

    May 26, 2025 (Gmt+09:00)

    3 Min read
  • 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 subs...

    May 26, 2025 (Gmt+09:00)

    4 Min read
  • Bold food tech R&D fuels global rise of Korean cuisine

    South Korea’s processed food exports are expected to reach 6 trillion won ($4.4 billion) this year after Korean food companies have aggressivel...

    May 26, 2025 (Gmt+09:00)

    3 Min read
  • LG CNS, Cohere co-develop Korean-specific agentic AI

    LG CNS Co., the information technology services arm of South Korea’s LG Group, has unveiled a lightweight Korean-specific large language model ...

    May 26, 2025 (Gmt+09:00)

    2 Min read
  • Shinhan Financial’s Jin meets with Goldman Sachs Int'l CEO for strategies

    Jin Ok-dong, chairman of South Korea’s leading financial conglomerate Shinhan Financial Group, has met with senior executives of US-based multi...

    May 25, 2025 (Gmt+09:00)

    2 Min read
  • NPS gobbles up Korea’s top 4 financial holding stocks

    South Korea’s largest institutional investor, the National Pension Service (NPS), remains a strong backer of the country’s top four finan...

    May 23, 2025 (Gmt+09:00)

    3 Min read
  • Hanwha Q Cells eyes tandem cell mass production in 2027

    Hanwha Q Cells Co., the solar panel manufacturing unit of South Korea's Hanwha Solutions Corp., is expected to commercialize tandem modules by 2027, ...

    May 22, 2025 (Gmt+09:00)

    3 Min read
  •  SK Earthon secures rights to explore 2 offshore oil blocks in Indonesia

    SK Earthon Co., the petroleum exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., has secured righ...

    May 22, 2025 (Gmt+09:00)

    3 Min read
  • Samsung Biologics to spin off biosimilar unit Samsung Bioepis

    Samsung Biologics Co., the world’s largest contract drugmaker, will undergo a strategic split to separate its contract development and manufact...

    May 22, 2025 (Gmt+09:00)

    4 Min read
  • Mirae Asset Global Investments’ AUM tops $288 bn as global push pays off

    Mirae Asset Global Investments Co. now manages more than 400 trillion won ($288 billion) in assets for the first time since its first global venture ...

    May 21, 2025 (Gmt+09:00)

    3 Min read
  • Google partners with Samsung, Gentle Monster for new smart glasses

    SILICON VALLEY – Google LLC is making a renewed push into the smart glasses market in partnership with South Korea’s Samsung Electronics ...

    May 21, 2025 (Gmt+09:00)

    4 Min read
  • Samsung gears up for foray into space infrastructure industry

    Samsung Group is stepping up efforts to venture into the space infrastructure industry, a sector analysts say remains a blue ocean where South Korea ...

    May 20, 2025 (Gmt+09:00)

    3 Min read
  • LG Electronics poised to extend OLED TV market lead into 2025  

    LG Electronics Inc. is on track to retain its lead in the organic light-emitting diode (OLED) TV market for the 13th consecutive year, bolstered by s...

    May 20, 2025 (Gmt+09:00)

    2 Min read
  • S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals

    Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now ad...

    May 20, 2025 (Gmt+09:00)

    2 Min read
  • Bird flu in Brazil hikes wholesale chicken prices in Korea

    South Korea has suspended chicken imports from Brazil following the outbreak of highly pathogenic avian influenza (HPAI) in the South American countr...

    May 19, 2025 (Gmt+09:00)

    2 Min read
  • Vietnam, gateway for SK Group’s global renewable energy push

    TIEN GIANG, VIETNAM – Off the coast of Vietnam’s Tien Giang Province, 36 wind turbines spin steadily with a constant whoosh and swish, ge...

    May 19, 2025 (Gmt+09:00)

    3 Min read
  • Hanwha Philly Shipyard to localize LNG builds, expand capacity

    Hanwha Group will significantly increase production capacity at its US shipyard from 1.5 vessels to 10 per year as it aims to transform the facility ...

    May 19, 2025 (Gmt+09:00)

    4 Min read
  • Kumho Tire shuts Gwangju plant after fire, derailing record sales run

    Kumho Tire Co. has suspended all operations at its Gwangju plant in South Korea after a fire destroyed 50-60% of the production lines in one of its t...

    May 18, 2025 (Gmt+09:00)

    2 Min read
  • S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push

    Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move seen as a ...

    May 16, 2025 (Gmt+09:00)

    3 Min read
  • UK chip testing device maker TeraView seeks Kosdaq debut

    TeraView Ltd., a UK semiconductor inspection device maker, is aiming to list on South Korea’s Kosdaq market in the second half of this year, in...

    May 16, 2025 (Gmt+09:00)

    2 Min read
  • K-Beauty defies seasonal slump with record $980 mn in April exports

    The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, even...

    May 16, 2025 (Gmt+09:00)

    4 Min read