Hong Kong

Electronics LG Electronics hits record sales in India, paving way for 2025 IPO

LG Electronics Inc. posted its largest-ever sales in India in 2024, providing a boost to the planned initial public offering of its Indian unit this...

Private equity Hong Kong-based PEF Affinity Equity to acquire control of Lotte Rental

Affinity Equity Partners, a Hong Kong-based investment firm, will acquire a controlling stake in South Korea’s No. 1 car rental and leasing co...

Regulations Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore

A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...

Travel & Leisure Lotte Tour to operate cruise to Hong Kong

South Korea's Lotte Tour Development Co. announced on Tuesday that it signed a charter agreement with global cruise line Costa Cruises to operate a ...

Food & Beverage Pulmuone's Tofu Bar sold 70 mn units in Japan

Asahiko, the Japanese subsidiary of South Korea's Pulmuone, announced on Friday that its protein snack Tofu Bar has sold more than 70 million units ...

Insurance Kyobo Lifeplanet, FWD Hong Kong to collaborate on GenAI

South Korea's Kyobo Lifeplanet Life Insurance Co. announced on Friday that it signed a memorandum of understanding with Hong Kong-based insurer FWD ...

Banking & Finance Hana Securities services S.Korean stock investment in Hong Kong

South Korea's Hana Securities announced on Tuesday that it launched a service allowing Hong Kong investors to open its accounts through Hong Kong's ...

Korean games Line Games to launch The Play of Genesis in Taiwan, Hong Kong

South Korea's Line Games Corp. announced on Friday that it signed a publishing agreement with Vietnam's tech giant VNG for the mobile game The Play ...

Corporate investment Shinhan, POSCO invest $20 mn in Australian hydrogen startup Hysata

South Korean steel giant POSCO Holdings Inc. and banking conglomerate Shinhan Financial Group have invested a combined US$20 million in Australian g...

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...

Banking & Finance Korean brokerages' foreign profits up on IB, bond trading

South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...

Fashion Chanel to open after-sales service center in Seoul

French luxury label Chanel is planning to open a dedicated after-sales service center in South Korea, one of the world’s largest markets for h...

Private equity Hahn & Co. overhauls Namyang board, ending family control

Private equity firm Hahn & Co. on Friday won shareholder approval to replace Namyang Dairy Products Co.'s board of directors with Hahn's executi...

Korean games Netmarble Arthdal Chronicles pre-registration surpasses 1 mn

South Korean game developer Netmarble Corp. said on Tuesday that the pre-registration of its upcoming massively multiplayer online role-playing ga...

Retail Coupang launches direct purchase service to Japan

Coupang Inc., South Korea's leading e-commerce platform, announced on Monday that it is expanding its overseas direct purchase service, "Rocket Jikg...

K-pop CJ ENM to hold KCON Hong Kong in March

South Korea’s entertainment powerhouse CJ ENM Co. announced on Thursday that it will hold its annual K-pop festival KCON in Hong Kong for the ...

Korean food Fried chicken chain bhc enhances localized menus in SE Asia

South Korean fried chicken chain bhc Chicken on Monday announced the opening of its third outlet in Singapore.bhc operates 10 stores in Southeast As...

Food & Beverage CJ CheilJedang to launch Excycle Basak Chip in global market

South Korean food company CJ CheilJedang Corp. announced on Thursday that it introduced its Excycle Basak Chip, a snack born from their in-house ven...

Korean stock market Korean ELS investors biting nails over sharp falls in Hong Kong shares

Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...

Fintech Naver Pay expands on-site payment to SE Asia countries

Naver Pay, the simple payment service of South Korea's Naver Financial, said on Thursday it has expanded its overseas on-site payment services. It...

Korean stock market HSBC, BNP Paribas to be fined for naked short sales in S.Korea

South Korea's Financial Supervisory Service (FSS) will fine the Hongkong and Shanghai Banking Corporation Ltd. (HSBC) and Bank BNP Paribas the large...

Leadership & Management SK Shieldus appoints former Samsung SDS president as new CEO

South Korean security company SK Shieldus announced on Tuesday that it has appointed Hong Won-pyo, former president of Samsung SDS, as its new CEO a...

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...

Food & Beverage S.Korean gov’t to showcase domestic fresh eggs in Hong Kong

South Korean Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT) announced on Friday that it ...

Korean games S.Korea’s popular MMORPGs go abroad for profitability

South Korean game developers target overseas markets for their locally hit massively multiplayer online role-playing games (MMORPGs) to increase pro...

Aerospace & Defense Hanwha aims to develop unmanned fighter jet engine within decade

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, aims to develop engines for unmanned aircraft within the next decade t...

Bio & Pharma Kwangdong introduces new drug candidate for pediatric myopia

South Korean pharmaceutical company Kwangdong Pharmaceutical announced on Monday that it has signed a contract with Hong Kong-based Zhaoke Ophthalmo...

Bio & Pharma Nanodrug maker CEO calls on Yoon government for deregulation

South Korean startups won four out of the 23 Best of Innovation awards at CES 2023, the world’s largest tech show last month. Among the winner...

Asset management NYLIM taps Sungyun Hong as head of Seoul office

New York Life Investments (NYLIM) has appointed Sungyun Hong as head of its Seoul office, the US asset management firm said on Wednesday. Hong ...

Alternative investments S.Korea's DLS incurring losses due to stock slump exceed $800 billion

South Korea's derivatives-linked securities that entered the knock-in or loss period due to stock slumps at home and abroad exceeded 1 trillion won ...