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Shipping & Shipbuilding HD Hyundai in talks to buy back Korean ship parts maker

HD Hyundai Co., the world’s second-largest shipbuilder, is in talks with a private equity firm to buy back a South Korean ship parts manufactu...

IPOs Sono International seeks IPO in 2025 with $2.1 billion in corporate value

South Korea’s top resort operator Sono International Co. is seeking an initial public offering of its shares on the Korean market next year, r...

Mergers & Acquisitions Glenwood buys three waste management firms for about $190 mn

Glenwood Private Equity on Tuesday signed an agreement to buy three waste management companies from small South Korean business group Bubang for aro...

Automobiles Hyundai Motor taps US unit chief Jose Munoz as new CEO

Hyundai Motor Co. on Friday named Jose Munoz, its global chief operating officer (COO) and head of North and South American operations, as its new a...

Hydrogen economy Hyundai Motor sells over 1,000 Elec City FCEV

Hyundai Motor Co. said on Sunday it has sold more than 1,000 units of its hydrogen fuel cell bus Elec City Fuel Cell Electric Vehicle (FCEV) with cu...

Banking & Finance Hana Bank opens overseas office in Monterrey, Mexico

Hana Financial Group announced on Thursday that it opened the Monterrey Office, the first business channel of Hana Bank Mexico, in Monterrey, Mexico...

Companies S.Korea's top three tire makers sell 45 mn units in H1 2024

South Korean tire manufacturers have nearly reached sales of 45 million units in the global market during the first half of this year, the Korea Tir...

Airlines Jin Air to resume Incheon-Hong Kong route in July

South Korea's low-cost carrier Jin Air announced on Friday that it will resume flights on the Incheon to Hong Kong route on July 18.This marks the r...

Real estate Keppel REIT to sell Seoul-based prime office T Tower

Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate manag...

E-commerce Coupang's PB SMEs in S.Korea triple in five years

Coupang Inc., South Korea's leading e-commerce platform, announced on Sunday that the number of small and medium-sized enterprise (SME) manufacturer...

Shareholder activism Shareholder activism in Korea swells 9 times since 2019

The number of South Korean firms targeted by activist funds has risen by nearly nine times over the past five years, the largest increase among majo...

Sovereign bonds KIC posts 11.6% return for 2023 amid tech stock boom

Sovereign wealth fund Korea Investment Corporation (KIC) posted an 11.6% return for last year, driven by strong gains on listed stocks. The state-ru...

Private equity KKR promotes Keith Kim in Seoul office to partner

KKR & Co. Inc. has promoted Keith Kim (Kim Yang-han), managing director at the private equity giant’s Seoul office, to partner.Kim, who ma...

Private equity IMM PE's value creation leads to $840 mn deal with BlackRock

When BlackRock bought a 30% stake in South Korean gas supplier AirFirst Co. for 1.1 trillion won ($842 million) from Seoul-based IMM Private Equit...

Food & Beverage CJ CheilJedang’s frozen rice sales surpass $74 mn in US

South Korean food company CJ CheilJedang Corp. announced on Monday the cumulative sales of its frozen rice products produced and sold in the United ...

Travel & Leisure S.Korea releases winter schedule for weekly int’l flights

South Korea will expand its number of weekly flights this winter to Japan and Southeast Asia, two regions expected to have high demand that season, ...

Travel & Leisure Overseas trips top pre-pandemic levels during Chuseok holiday

The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...

Real estate S.Korean lenders in New York luxury hotel likely to see losses

Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...

Airlines Air travel from Korea roars back to everywhere, except China

Flight routes between South Korea and China, once Korean flag carriers’ most lucrative, have become their white elephant as passengers on the ...

Batteries Indonesia vows support for LG-led $9.8 bn battery project

Indonesian Minister of Investment Bahlil Lahadalia on Thursday affirmed its government’s commitment to a $9.8 billion electric vehicle battery...

Corporate strategy Shared growth with startups essential for GS Group: Chairman Huh

GS Group, a South Korean energy-to-retail conglomerate, plans to aggressively invest in startups and venture companies with promising technology &nd...

Airlines S.Korea seeks to restore volume of int'l flights to pre-COVID-19 levels

Resuming flights from Incheon International Airport to and from Prague, Czech Republic, and Zurich, Switzerland, to expand its air traffic, South Ko...

Fintech LINE, Mizuho call off plan to set up mobile-only bank in Japan

LINE Corp. and Mizuho Financial Group’s plan to introduce an internet-only bank in Japan has fallen through about five years after they unveil...

Korean food US set to emerge as top global buyer of Korean kimchi: Daesang

South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...

Economy South Korea’s births fall to record low in January

South Korea’s births fell to a fresh low in January, while the number of deaths reached its record high, statistics data shows, signaling an a...

Automobiles Hankook Tire's Ventus S1 evo3 tops braking performance in Germany

Hankook Tire & Technology's high-performance tire, the Ventus S1 Evo3, claims the top spot in the braking distance category of the 2023 Summer T...

Batteries Korea EV cell materials firms race for silicon anode market

South Korea’s secondary battery ingredient makers are rushing to develop silicon anode materials, next-generation core substances that signifi...

Sovereign bonds Foreigners net sell S.Korean bonds for first time in four years

Foreign investors dumped South Korean bonds in Janaury, becoming net sellers of the securities for the first time in four years as they booked pro...

Airlines Foreign airlines fill hole left by Korean carriers

Foreign carriers such as Delta Air Lines and Vietnam’s VietJet Air are rapidly increasing flights to and from South Korea, filling the hole le...

Beauty & Cosmetics Cosmax shows off advanced beauty tech at CES with Seoul Nat'l Univ.

Cosmax, a cosmetics original design manufacturer (ODM) of South Korea, said on Tuesday that it unveiled the beauty technology developed jointly ...