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Tech, Media & Telecom Microsoft CEO Nadella seeks AI alliance with Hyundai, POSCO, Shinhan, KT

Microsoft Corp. Chairman and Chief Executive Satya Nadella is seeking to forge an artificial intelligence alliance with major South Korean companies...

Airlines Korea’s LCCs to counter headwinds with exclusive routes, lower fares

South Korea’s budget airlines are gearing up to weather the sector’s downturn amid a weaker local currency and a sluggish domestic econo...

Sovereign bonds Korea to join FTSE Rusell bond index to attract $66 bn inflows

South Korea will be included in a global major bond index next year to attract an estimated $66 billion in capital inflows to Asia’s fourth-la...

Banking & Finance Korea opens probe into Woori's loans to ex-chair's relatives

South Korea’s financial watchdog agency said on Sunday it has found that Woori Financial Group, the country's fourth-largest financial holding...

Business & Politics S.Korea to pour $26 bn in UK’s renewables, infrastructure

South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...

Korean games Nexon’s 'The Finals' draws record-high concurrent users

South Korea’s game publishing giant Nexon Co. is set to release another blockbuster game after its new first-person shooting game “The F...

Korean startups 100 new South Korean AI vanguards to be unveiled

One hundred new South Korean startups at the vanguard of development of innovative AI technology will be unveiled later this month, according to The...

Retail Fake Rolexes most common counterfeit watches smuggled into S.Korea

After the COVID-19 crisis, it has been revealed that counterfeit goods smuggling is on the rise once again. According to data submitted by the Korea...

Culture & Trends S.Korea’s web novel sector hits $750 mn in value: Study

South Korea's rising web novel industry, which has seen popular works like "Reborn Rich" and "The Red Sleeve" made into TV series, has exceeded 1 tr...

Advertising & Marketing Tottenham forward Son’s new role: Samsung Galaxy brand ambassador

Tottenham Hotspur forward Son Heung-min has a new job in his home country, South Korea: brand ambassador for Samsung Electronics Co.'s Galaxy smartp...

Hydrogen economy POSCO Int'l to build 1.26 mn tons of green hydrogen infrastructure by 2035

South Korea's largest trading company POSCO International revealed on Friday its strategy to establish a green hydrogen supply infrastructure with...

Tech, Media & Telecom LG Group seeks new partners in Silicon Valley’s startup scene

South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...

K-pop Blackpink to perform solo concert in Vietnam in July

K-pop Girl group Blackpink will hold additional performances of their world tour "BORN PINK" at My Dihn National Stadium in Vietnam on July 29-30, t...

Food & Beverage US burger chain Five Guys to launch in South Korea on June 26

The American burger chain Five Guys, which has attracted keen interest in South Korea for its service and prices even before its entry into the coun...

Economy S.Korea’s chronic disease: Decline in youth employment

The number of young workers in South Korea fell for a sixth straight month in April to its lowest point in more than two years, deepening concerns t...

Electronics Samsung Galaxy S23 to land in Japan to take on iPhone

Samsung Electronics Co., the world’s top smartphone maker, will launch its flagship Galaxy S23 series in Japan later this month to compete wit...

Shipping & Shipbuilding Samsung Heavy wins order $512 mn for two LNG carriers

South Korea's shipbuilder Samsung Heavy Industries announced on Monday that it had won a contract worth 674.5 billion won ($512.3 million) to build ...

Mergers & Acquisitions HYBE withdraws bid for SM in $1 bn battle with Kakao

South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...

ESG HMM joins UNGC to strengthen ESG management

HMM Co., a South Korean container shipping company formerly known as Hyundai Merchant Marine, said on Monday that it has joined the United Nations G...

Economy Business Survey Index falls for 4th consecutive month

With both exports and domestic spending growing shakier amid the global economic downturn, South Korean business sentiment has taken a backward step...

Earnings South Korea's listed companies suffer 26% drop in operating profit in Q3

South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last...

Cryptocurrencies Korean crypto buyers show higher risk appetite than global peers

South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market le...

Pharmaceuticals Samsung Bioepis posts $1.26 billion in global biosimilar sales

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said on Friday that sales of its five biosimilar products in global markets, excludi...

Shareholder value POSCO plans to cancel treasury shares in its holding firm

Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...

Corporate restructuring Samsung’s mobile business renamed MX to highlight user experience

Samsung Electronics Co. on Friday changed the name of its mobile communications business to MX, short for mobile experience, in line with its pursui...

Real estate IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management ...

Business & Politics SK Group’s Chey vows half of $52 bn US spending in batteries, hydrogen

SK Group Chairman Chey Tae-won has vowed to spend $26 billion, or half of the group’s planned investment in the US by 2030, on electric vehicl...

Entertainment K-pop fan engagement platform DearU prices IPO above range

DearU Co, a K-pop fandom platform in South Korea, priced its initial public offering above the price range on Thursday thanks to heated demand. The ...

IPOs K-pop fan engagement platform DearU begins process for Nov IPO

How much will you pay to chat with your favorite K-pop groups such as TWICE every day? A South Korean startup generated 20 billion won ($16.9 millio...

Philanthropy MBK chair says philanthropy, writing are equally important in his life

Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...