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Economy Some 6 out of 10 working Korean women choose to be child-free

More than 60% of South Korean women from their mid-20s to their mid-40s who are currently working have no plan to have children although nearly all ...

Retail Synthetic diamonds with ESG value lure Korean shoppers

Lab-grown diamonds, cultured in laboratories wth advanced technologies, are garnering attention from South Korean consumers as they are produced mor...

Fashion Korea emerges as growth market, design hub for global brands

Global fashion and luxury goods brands are opening directly managed stores in South Korea, one of their growth markets, ending their decades-long re...

Automobiles Hyundai's Kona Electric nears 300,000 in cumulative sales

Kona Electric, the best-selling Korean electric vehicle (EV) of Hyundai Motor Co.'s compact sports utility vehicle (SUV), is on the verge of reachin...

Beauty & Cosmetics S.Korean beauty brands lean toward social media stars

AmorePacific Corp.'s new brand launch in February with top South Korean social media influencer Lee Sa-bae created a sensation in the domestic cosme...

Korean startups Korean startups opt for Konex, loans for survival during IPO winter

South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...

Economy One out of six married women in South Korea opts out of workforce: NSO

One out of six married women in South Korea has opted out of the workforce, to take on most of the childrearing burden in the family. Around 1....

Culture & Trends MZers become key consumers of ergonomic office chairs, Sidiz says

Ergonomic office chairs are drawing heightened interest from millennials and Generation Zers in South Korea, according to the country’s leadin...

Cryptocurrencies Overseas crypto exchanges end Korean services ahead of rule tightening

Overseas cryptocurrency exchanges are ending their Korean services, including language support as well as trading and payments in Korean won, as Sou...

Private equity Heirless, baby boomer SME owners in search of buyers

The son of a South Korean manufacturing company's owner, with a Ph.D degree in engineering, has refused to take over his father's business and inste...

Automobiles Carlyle, Bain Capital, Valeo, Mahle enter prelim bids for Hanon Systems

The preliminary bidding to acquire South Korea’s auto parts supplier Hanon Systems Corp. has drawn overseas-based bidders only, with the stron...

MBK Partners closes $4.1 bn fund, above funding target; NPS opts out

Asia’s biggest private equity firm, MBK Partners, has raised $4.1 billion for its fourth fund, exceeding the target of $3.5 billion and more than ...