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Shipping & Shipbuilding Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% sta...

Real estate Korea’s top property asset manager IGIS Asset’s controlling stake up for sale

South Korea’s top real estate asset management firm IGIS Asset Management Co. plans to sell a controlling stake owned by the heirs of the comp...

Stocks KKR recoups $206 mn in block sale of HD Hyundai Marine shares

Global private equity firm KKR & Co. Inc. has succeeded in cashing out of its stake in HD Hyundai Marine Solution Co. for 295 billion won ($206 ...

Corporate strategy Hanwha Aerospace ups stake in Hanwha Ocean in $900 mn block deal

Hanwha Aerospace Co. will acquire an additional 1.3 trillion won ($900 million) worth of shares in Hanwha Ocean Co. from its sister companies throug...

Batteries LG Chem develops material blocking battery thermal runaway

LG Chem Ltd. has developed a material that can prevent thermal runaway in a lithium-ion battery, one of the major hurdles to the expansion of the el...

Mergers & Acquisitions HD Hyundai seeks to acquire Leeyoung to prepare for shipbuilding boom

South Korea’s HD Hyundai Heavy Industries Co. is seeking to acquire Leeyoung Industrial Machinery Co., a domestic shipbuilding equipment maker...

Food & Beverage Tous les Jours to enter Singapore market

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of the bakery chain brand Tous les Jours, announced on Monday t...

Entertainment HYBE offers to sell $62 mn SM Entertainment shares

HYBE Co., the company behind global sensations BTS and NewJeans, has offered to sell some of its shares in K-pop pioneer SM Entertainment Co. in a b...

Business & Politics Naver beleaguered by weak Korean businesses amid Line woes

South Korea’s online giant Naver Corp. is struggling with sluggish core domestic businesses – commerce, search and sports – as Jap...

Korean stock market Block deals of Korean stocks surge ahead of tighter regulation

Block trades of South Korean listed shares have surged by six times so far this year from the same period in 2023, according to the Financial Superv...

E-commerce Korea scraps ban on online purchase of 80 items from abroad

South Korea has scrapped a plan to ban direct purchases of some 80 items from overseas e-commerce platforms, a government office said on Sunday, aft...

Korean stock market Krafton shares sink as SK Square taps 2.2% block trade

Shares of Krafton Inc., South Korea’s gaming behemoth, lost about 8% on Tuesday on news that SK Square Co., an investment arm of the country&r...

Korean startups Korean unicorns’ failed global expedition causes growth concern   

Woowa Brothers Corp. and Viva Republica Inc., South Korea’s most valuable unicorns, have pulled the plug on some of their overseas businesses ...

Private equity EQT sells Shinhan Financial stake in block deal at 30% IRR

EQT Private Capital Asia sold 415.5 billion won ($311.9 million) worth of shares in South Korea’s Shinhan Financial Group Co. in a block deal ...

Private equity IMM PE sells $135 mn Woori Financial shares in block deal

IMM Private Equity has sold 180.5 billion won ($135 million) worth of shares in South Korea’s Woori Financial Group in a block deal, reaping 4...

Mergers & Acquisitions OCI-Hanmi merger faces tougher hurdles amid family feud

Hanmi Pharmaceutical Group’s aim to merge with chemicals giant OCI Group is hitting some roadblocks amid a prolonged feud between the family o...

Samsung Group Samsung heirs tap $2.1 bn block sale for inheritance taxes

The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...

Bio & Pharma LegoChem Bio mulls name change after defeat to Lego

South Korean biopharmaceutical company LegoChem Biosciences Inc. is seeking to change its name after it lost in a trademark infringement lawsuit fil...

Energy SK Earthon starts shipping crude oil from South China Sea

SK Earthon Co., the resources development unit of South Korean energy major SK Innovation Co., said Wednesday that it has started shipping crude oil...

Korean stock market Netmarble sells 6% stake in BTS label HYBE in block deal

South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation ...

Batteries LG Chem, LX Hausys develop material delaying battery thermal runaway

South Korea’s LG Chem Ltd. and its spinoff LX Hausys Ltd. have jointly developed a material that delays the thermal runaway of electric vehicl...

Korean chipmakers SK Hynix may block Kioxia-Western Digital merger

South Korean memory chip giant SK Hynix Inc. is rumored to be frowning on the integration of Japan’s Kioxia Holdings Corp. with US-based Weste...

Energy Dana Petroleum discovers new gas field in North Sea

Dana Petroleum, wholly owned by state-run Korea National Oil Corp. (KNOC), has discovered a new high-quality gas field in the North Sea, KNOC said o...

Energy S.Korea’s SK Earthon starts oil production in South China

SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil f...

Fashion Global fashion brands block Koreans' access to US websites

Some global fashion brands such as Ralph Lauren Corp. and Tommy Hilfiger have blocked South Koreans’ access to their US websites to support bu...

Energy Korea's Doosan Enerbility sells Bobcat stake in $214 mn block deal

South Korea’s major power plant builder Doosan Enerbility Co. has sold a minority stake in Doosan Bobcat Inc., its construction equipment unit...

Tech, Media & Telecom Naver expects to export ICT know-how to Middle Eest market

A high-ranking delegation from the royal family of Sharjah, one of the seven United Arab Emirates, led by Sheikh Saud bin Sultan Al Qasimi, Director...

Electronics LG Electronics blocks access to generative AI in company

LG Electronics Inc. has decided to block access to generative AI services through its intranet. Industry sources said on Friday, LG Electroni...

Chemical Industry S.Korea's top tech school uses salmon DNA to block art counterfeiting

The screen of the latest Samsung Electronics smartphone series Galaxy 23 released this year has a fingerprint recognition window on the display th...

Airlines US antitrust body blocks $1.4 bn Korean Air-Asiana deal

Korean Air Lines Co. ’s acquisition of smaller domestic rival Asiana Airlines Inc. is poised to collapse after the US antitrust agency raised ...