All Points East Festival

Automobiles Exports of Korea-made used cars to hit record high in 2025

South Korea’s exports of used cars by its homegrown auto brands are expected to hit a historic high this year, thanks to their improved brand ...

Central bank BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Beauty & Cosmetics K-beauty defies trade headwinds as exports to China, US lead sales growth

South Korea’s beauty industry is mounting a powerful global push, defying trade pressures and economic uncertainties with a surge in exports t...

Shipping & Shipbuilding HD Hyundai on course for $1.55 bn order amid US-China trade war

HD Hyundai Co., the world’s largest shipbuilding group, is emerging as a key beneficiary of the Trump administration’s tariff policies a...

Real estate Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen Deloitte Anjin LLC as its lead manager to sell Four Points...

Cryptocurrencies BlackRock sees digital assets at critical turning point

Digital assets are poised for robust structural growth – not just as investment vehicles but as strategic assets – fueled by growing ins...

Real estate Korea’s IGIS Asset puts top Seoul tourist area hotel on market

IGIS Asset Management Co., one of Asia's largest real estate investment firms, is set to sell a four-star hotel in Myeong-dong, a popular spot for f...

Medical devices Middle East: New land of opportunity for Korean medical devices

South Korea is making inroads into the Middle East's medical device market dominated by the US and Europe, aiming to leverage the region’s str...

Aerospace & Defense Hanwha Aerospace nears $276 million K9 howitzer deal with Vietnam

South Korea’s Hanwha Aerospace Co. is close to signing a 400 billion won ($276 million) deal to export as many as 30 units of the K9 Thunder s...

Central bank BOK lowers growth forecasts to bolster rate cut expectations

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

Venture capital S.Korean startup accelerators to boost overseas biz

South Korean accelerators (ACs) are turning to Southeast Asia and the Middle East market to support startups and expand their reach.ACs, companies t...

Korean startups Global startup festival ComeUp to be held in December

The South Korean Ministry of SMEs and Startups announced on Monday that it will host the global startup festival ComeUp 2024 at COEX, Seoul on Decem...

Food & Beverage HiteJinro sees annual soju exports to Cambodia grow 31%

HiteJinro Co., South Korea’s leading soju maker, resumed its Jinro EDM Festival at Cambodia’s Bon Om Tuk water festival after a four-y...

Shipping & Shipbuilding HMM introduces S.Korea's first LNG-powered vessels

South Korea's HMM Co. said on Friday that it will introduce two 7,700 TEU (1 TEU equals one 20-foot container) container ships powered by liquefied ...

Shareholder activism KT&G to buy back shares, rejects Ginseng unit buyout offer

South Korean tobacco maker KT&G Corp. on Thursday unveiled a plan to buy back shares and pay dividends totaling 3.7 trillion won ($2.7 billion) ...

Earnings Coupang posts record quarterly sales, swings to Q3 operating profit

Coupang Inc., South Korea’s answer to global e-commerce giant Amazon.com, posted its highest quarterly sales in the third quarter and swung to...

Automobiles Kia debuts Tasman to target $333 bn global pickup truck market

JEDDAH, Saudi Arabia -- Kia Corp., South Korea’s second-largest automaker, on Tuesday premiered the Tasman, its first pickup truck to target t...

Retail 11Street to host grand shopping festival in November

South Korea’s e-commerce platform 11Street Co. will hold its annual Grand 11 shopping festival from November 1 to 11. Since 2008, the company...

Central bank BOK flags more rate cuts but in gradual, small steps

South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in...

Mergers & Acquisitions Korea Zinc ups share buyback price, volume to counter MBK

Korea Zinc Inc. said on Friday it will buy back more shares at a higher price than originally planned to counter North Asia-focused private equity f...

IPOs Hyundai to launch India’s largest $3.3 bn IPO next week

Hyundai Motor Co.'s Indian subsidiary said on Wednesday it is set to launch its initial public offering, the largest listing in the country, next we...

Automobiles Genesis sponsors Busan International Film Festival

Hyundai Motor Co.'s premium brand Genesis said on Friday that it will continue its sponsorship of the 29th Busan International Film Festival (BIFF),...

Culture & Trends Suwon Hwaseong Cultural Festival to be promoted as global event

The South Korean Ministry of Culture, Sports, and Tourism said that the Suwon Hwaseong Cultural Festival, recently chosen as a Korea Representativ...

Electronics LG NOVA hosts Innovation Festival in US

LG Electronics Inc. 's North American Innovation Center (LG NOVA) said on Monday that it held an Innovation Festival last Wednesday and Thursday at ...

Tech, Media & Telecom LG Uplus, GSMA sign Open Gateway agreement

South Korea's LG Uplus Corp. said on Monday that it signed an agreement with the Global System for Mobile Communications Association (GSMA) to parti...

Energy Taihan Cable completes 1st optical cable plant in Kuwait

Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...

Artificial intelligence SPC, SK Telecom to collaborate on AI business

South Korea's SPC Group and SK Telecom Co. signed a memorandum of understanding (MOU) to collaborate in various areas such as membership and busines...

Culture & Trends Korea to launch regular K-content festival in June

South Korea plans to host a regular event showcasing its cultural products such as K-pop and foods in June of next year with the goal of making the ...

Automobiles Slowing economy creates opportunity for S. Korean used car sellers

South Korea’s used car sellers hope to take advantage of the slowing economic growth at home and abroad to expand their market shares.Lotte Re...

Automobiles Lotte Rental establishes UAE subsidiary

South Korea's Lotte Rental Co. said on Thursday that it established an overseas subsidiary in Dubai, United Arab Emirates (UAE), to boost the expo...