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Stocks Meritz leaps to No. 2 financial holding firm in South Korea

Meritz Financial Group Inc., once a medium-sized financial service firm in South Korea, has become the second-most valuable publicly traded financia...

Mergers & Acquisitions Korea’s Cactus PE to buy stake in Kosdaq-listed EV parts firm

South Korea’s Cactus Private Equity is set to acquire a stake in YM Tech Co., a Kosdaq-listed electric vehicle (EV) parts maker, for nearly 20...

Korean chipmakers SK Hynix develops high-capacity SSD for AI data center

SK Hynix Inc. unveiled on Wednesday its high-capacity solid-state drive (SSD) product PS1012 U.2, designed for AI data centers with 61 terabyte (TB)...

Retail E-Land sets sights on Vietnam as its next China, to open 10 outlets by 2025

South Korea’s retail giant E-Land Group has set its sights on Vietnam as its next target market after China, planning to open 10 outlets there...

North Korea Kim Jong Un’s Message to Trump: We’re Not Interested

SEOUL—North Korean leader Kim Jong Un appeared to rebuff the prospect of reviving his nuclear diplomacy with President-elect Do...

Markets Indian stock market gears up for leap: NSE CEO  

India’s stock market is gearing up for a leap thanks to an influx of retail investors seeking better returns and the lower barriers for small ...

Business & Politics S.Korea’s reshoring companies pale amid lack of support, incentives

Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemi...

Korean startups Colosseum poised for next leap with global expansion drive

Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...

Tech, Media & Telecom LG Uplus analyzes ad performance with GenAI

South Korea's LG Uplus Corp. announced on Monday that it has introduced generative AI technology to its integrated advertising platform U+AD, adding...

Automobiles HL Holdings wins exclusive AS parts deal from Stellantis

HL Holdings Corp., the holding company of South Korea’s construction-to-auto parts conglomerate HL Group, will be the exclusive supplier of af...

North Korea While the World Was Looking Elsewhere, North Korea Became a Bigger Threat

SEOUL—In March 2022, North Korean leader Kim Jong Un walked out of a massive hangar wearing a bomber jacket and dark sunglasses. He pointed to t...

Leadership & Management Jay Y. Lee heads to Middle East, Malaysia for next Samsung takeoff

Samsung Electronics Co. Chairman Jay Y. Lee has embarked on a business trip to the Middle East in his first overseas trip since a South Korean court...

Earnings SK Telecom gears up for AI leap in 2024

SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its...

Bio & Pharma South Korean bio, pharma industry set to take leap

South Korea’s chemical maker LG Chem Ltd. is expected to reap more than 1 trillion won ($768.5 million) in sales this year from its new growth...

Retail E-Land eyes another leap forward in China under new strategy

SHANGHAI – E-Land World Ltd., a South Korean fashion and retail company, is gearing up for another leap forward in China, where the company&rs...

Business & Politics Russia Pushes Security Talks With North Korea, China

SEOUL—Russia said it supports holding regular security talks with North Korea and China to address the threat posed by the U.S. on the Korean ...

Electronics Corning stepping stone for Samsung's global leap: Chairman Lee

Their relationship dates back to 1973 when Samsung founder Lee Byung-chull and Amory Houghton Jr., then-chairman of Corning Inc., met to discuss a b...

Bio & Pharma SK Pharmteco gears up for big leap in advanced biotherapies

SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is upping the ante in its b...

Business & Politics Camp David Summit to Unite U.S., South Korea, Japan

WASHINGTON—A new trilateral alliance linking the U.S., South Korea and Japan will enhance cooperation among the nations in key areas, includin...

Automobiles LG Uplus to equip Toyota Highlander’s infotainment platform

South Korea's LG Uplus Corp. announced on Friday its strategy to outfit Toyota's Highlander, a seven-seater SUV, with Toyota Connect, powered by t...

Automobiles Kia’s Gwangju auto plant gears up for 2nd heyday with EVs

GWANGJU, South Jeolla Province -- Kia Corp.'s plant in Gwangju, about 270 kilometers south of Seoul, bustled with workers and cars, including its be...

Steel POSCO readies for leap to carbon-neutral steel

South Korea’s POSCO Group is preparing to produce carbon-neutral steel, using hydrogen instead of fossil fuels such as coal and natural gas, w...

Corporate investment CJ dreams to build new kingdom in US with massive investment

CJ Group, a major South Korean conglomerate with a wide range of businesses spanning everything from food to bio, livestock feed, logistics, enterta...

Fiber & Textile Hansae: Hidden Korean champion in global OEM apparel market

Hansae is an unfamiliar name to many South Koreans for sure.But among original equipment manufacturing (OEM) companies in the apparel industry, Hans...

Mergers & Acquisitions Celltrion drops bid to acquire Baxter’s biopharm unit

Celltrion Inc. announced on Tuesday it has decided not to pursue the acquisition of the biopharmaceutical unit of U.S. medical device maker Baxter I...

The Deep Dive Hyundai’s quantum leap: how it shines through in crisis

Hyundai Motor Co. and its affiliate Kia Corp. are slated to log a combined 150 million units of car sales this month. The carmakers of Hyundai Motor...

Business & Politics South Korea to Probe Circumstances Around Reported Leak of Classified U.S. Documents

SEOUL—A South Korean official said the government was investigating the circumstances around a leak of highly classified U.S. documents that a...

Leadership & Management LG tops in market cap gain, beating Samsung, SK, Hyundai Motor

The total market value of companies under South Korea’s fourth-largest business group LG increased the most in a year, beating out its bigger ...

Cryptocurrencies U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon

The U.S. and South Korea are both seeking to extradite captured crypto entrepreneur Do Kwon from Montenegro, authorities in the tiny European nation...

Korean food Korea's Kooksoondang sees its makgeolli exports surpass $10 mn mark

Kooksoondang Co., a South Korean brewery that produces traditional rice-based wines, announced on Tuesday that its exports reached an all-time high ...