Busan Asiad Main Stadium

Korean games Netmarble gets tailwind from new titles, BTS comeback

Netmarble Corp., a leading South Korean gaming company, expects to gain new growth momentum from the launch of nine new titles and the anticipated f...

Sovereign wealth funds S.Korea’s sovereign fund KIC logs 8.5% return in 2024

The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tec...

Mergers & Acquisitions MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business

North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...

Korean startups Korea's No. 1 fitness app Planfit eyes bigger market beyond home in 2025

A new year has arrived, and with it come the New Year’s resolutions. However, if you are one of those who feel you've already failed to keep y...

Airlines Korean Air-Asiana merger to spur M&A among budget carriers

Korean Air Lines Co.'s anticipated acquisition of Asiana Airlines Inc. is expected to spur domestic budget carriers to seek mergers, with the two do...

Corporate restructuring Lotte puts department store in Centum City, Busan on market

Lotte Shopping Co. has put one of its core department stores, Lotte Department Store Centum City in Busan, on the market in line with its parent gro...

Culture & Trends Seoul to light up Myeong-dong with LEDs like Times Square

Seoul will light up Myeong-dong, a bustling area with office workers and shoppers in the heart of the city, with 16 large outdoor digital billboards...

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),...

Real estate Daishin Securities shelves main office building sale to NH-Amundi

Daishin Securities Co. has called off a plan to sell its headquarters building in a central business district of Seoul to NH-Amundi Asset Management...

Construction Daewoo E&C, CSCEC to collaborate on overseas projects

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) said on Tuesday that it signed a memorandum of understanding (MOU) the prev...

Korean stock market LS Electric falls sharply on first day of inclusion in MSCI Korea index

LS Electric Co. plunged more than 9% on Monday, the first day of its inclusion in the Morgan Stanley Capital International (MSCI) Korea Index.On the...

Mergers & Acquisitions STIC to buy Korean flooring firm Nox from TPG for $336 mn

Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...

Airlines Jin Air to launch daily flights on Busan-Nagoya route

South Korea's low-cost carrier Jin Air announced on Friday that it will launch a new route between Busan and Nagoya, starting on Sept. 14, with dail...

Energy LS Eco Energy supplies 2,000 km of overhead power lines to Vietnam

South Korea's LS Eco Energy Ltd. said on Friday that its Vietnamese unit LS-VINA has completed a supply of around 2,000 kilometers of overhead power...

Energy KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Airlines Jeju Air seeks M&A, igniting race for top place in Korea's LCC market

Jeju Air Co., a leading South Korean low-cost carrier (LCC), will likely seek the acquisition and merger of a rival small airline operator amid inte...

Korean startups Korea to build startup campuses in Seoul, Busan by 2026

South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...

Automobiles Renault Korea begins mass production of Grand Koleos

Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...

Automobiles Hyundai Inster, Kia EV3, Genesis Neolun shine at Busan auto show

BUSAN – Hyundai Motor Co., South Korea’s top automaker, on Thursday premiered the Inster, an all-electric crossover city car, the latest...

Automobiles Hyundai Motor releases Casper Electric teaser images

Hyundai Motor Co. on Tuesday released a teaser image of the electrified model of its first city sports utility vehicle (SUV) The Casper Electric.T...

Bio & Pharma Handok gets Biocon's obesity drug exclusive distribution in S.Korea

South Korean pharmaceutical company Handok Inc. announced on Friday that it signed an exclusive domestic sales and distribution agreement with India...

Shipping & Shipbuilding HD Hyundai Marine Solution builds ship smartcare center in Busan

South Korea's HD Hyundai Marine Solution Co. established an HD SmartCare Busan Center for ship lifecycle management services and begun full-scale op...

Travel & Leisure Hotel Lotte resumes global push with management deals

Hotel Lotte Co., South Korea’s leading hospitality, leisure and travel retail giant, has resumed its global expansion push after its hotel and...

Private equity Affinity extends tender offer for food container maker Lock&Lock

Hong Kong-based Affinity Equity Partners is set to extend its tender offer for South Korean food container maker Lock&Lock Co. shares, as the pr...

Earnings Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

Earnings LG Chem displays bright outlook after loss in first quarter

LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters...

Entertainment Kakao Entertainment, Billboard to collaborate for K-pop

South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on W...

Korean stock market Foreign buying of Korean stocks hit record high in Q1

Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...

Bio & Pharma Samsung begins new drug development for rare diseases

Samsung Bioepis Co., a biosimilar development unit of South Korea’s top conglomerate Samsung Group, has begun its new drug development busines...

Electric vehicles EverCharge to install EV chargers at Oracle Park

South Korea’s SK E&S Co. announced on Sunday that its US-based electric vehicle (EV) charging subsidiary EverCharge Inc. will install hund...