Companies

Upcoming IPOs

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...

Beauty & Cosmetics

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...

Banking & Finance

Samsung flexes financial muscle as insurance, card units top rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, un...

Machinery

Hyundai Rotem lands $301 mn Taiwan driverless train deal

Hyundai Rotem Co. has won a 420 billion won ($301 million) order to build autonomous electric trains for Taiwan’s Taichung Metro, adding to a s...

Bio & Pharma

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly

Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lilly...

Automobiles

Hyundai Motor, PIF break ground on Saudi Arabia plant

Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, to build its first manufacturi...

Business & Politics

Shinsegae Chair Chung joins Trump’s Middle East tour

Chung Yong-jin, chairman of South Korea’s retail group Shinsegae Inc., is the only Korean businessperson accompanying US President Donald Trump...

Aerospace & Defense

Hanwha's 'Sea Ghost' makes waves as Greece eyes unmanned naval tech

GEOJE, South Korea – Under a slate-grey sky at the quiet port of Jangmok on South Korea’s southern coast, a sleek, 12-meter vessel slippe...

Mergers & Acquisitions

Hanjin KAL roars on hints of renewed control dispute with Hoban

Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally Wednesday after surging by the d...

Earnings

Dawn delivery pioneer Kurly posts 1st-ever quarterly profit

Kurly Inc., a pioneer in South Korea’s dawn delivery market, has posted its first-ever quarterly profit, bucking a slowdown in private consumpt...

Shipping & Shipbuilding

S.Korea’s mid-tier shipbuilders sail into new supercycle as China struggles

BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling the new s...

IPOs

Lotte to retake $269 mn stake in logistics arm after flopped IPO

Lotte Group, South Korea’s fifth-largest conglomerate by assets, will buy back a stake in Lotte Global Logistics Co. from the latter’s fi...

Automobiles

Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia

Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Pal...

Airlines

Korean LCCs boost travel demand to global tourist hubs

South Korean low-cost carriers (LCCs), including Air Premia Inc. and Air Busan Co., have been expanding into underserved smaller cities, but also dri...

Beauty & Cosmetics

With Ulta deal, APR steps up US beauty push

Medicube, the beauty-tech brand under South Korea’s fast-growing beauty company APR Co., will sell its products through both online and offline...

Electronics

LG Innotek, Boston Dynamics team up to develop Atlas eyes

LG Innotek Co., a leading South Korean electronics parts maker, will jointly develop new vision sensing systems with Boston Dynamics Inc., a major gl...

Tech, Media & Telecom

LG, Samsung vie for crown in wheeled TV market

The market for TVs mounted on a rollable stand has emerged as a new battleground between South Korea’s top two TV brands, LG and Samsung, four ...

Airlines

Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million

Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake i...

Cryptocurrencies

RedotPay lands in Seoul with crypto cards

RedotPay, a Hong Kong-based blockchain fintech company, has arrived in South Korea with its cryptocurrency-based payment cards and is poised to disru...

Electronics

Now, slim is in – and Samsung aims to be No. 1 with Galaxy S25 Edge

With the advent of mobile AI, the performance arms race among smartphone makers is reaching diminishing returns, as some market analysts put it.The b...

Corporate strategy

Hankook & Company to set up CVC with $11 mn in funding

Hankook & Company Co., the holding company of Hankook Tire & Technology Co., announced Thursday a plan to launch a wholly owned corporate ven...

Electric vehicles

BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impor...

Korean food

CJ CheilJedang to open $72 million dumpling plant in Japan

South Korea’s largest food company, CJ CheilJedang Corp., is shifting into high gear in its global expansion with a 100 billion won ($72 millio...

Corporate investment

LG Electronics breaks ground on $600 mn home appliance plant in India

South Korea’s LG Electronics Inc. has broken ground on its third home appliance manufacturing plant in India with a $600 million investment to ...

Earnings

KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia

KakaoBank Corp., a leading South Korean internet-only bank, posted its highest quarterly profit in the first quarter, defying a drop in interest inco...

E-commerce

Coupang’s Q1 revenue up; quarterly dip signals rising competition

Coupang Inc., South Korea’s largest e-commerce platform, extended its year-on-year sales growth with an 11.1% increase to post $7.9 billion in ...

Asset management

Korea Investment & Securities deepens global ties with 2nd IR in New York

Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., said on Wednesday it hosted its flagship investor r...

Korean chipmakers

South Korea asks US for tailored approach to chip tariffs

South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related down...

Business & Politics

S.Korea confident of winning Czech nuclear plant deal despite court ruling

A landmark nuclear energy export deal between South Korea and the Czech Republic was postponed at the eleventh hour following a local court ruling, d...