maternity leave

Mergers & Acquisitions DB Insurance becomes Daol Investment’s No.2 shareholder

DB Insurance Co., a leading South Korean non-life insurance company, has become Daol Investment & Securities Co.'s second-largest shareholder af...

Korean Investors Former LG man leaves KKR to start PEF

Lim Hyoung-seok, former Vice President of KKR Korea, left the private equity giant’s Seoul office and established his private equity fund (PEF...

Business & Politics S.Korea to ease rules for employment permit system

The South Korean government plans to revamp its employment authorization system to allow foreign workers to stay in the country longer. Foreign...

Culture & Trends Nation With Lowest Birthrate Is Rocked by Soaring Sales of Dog Strollers

SEOUL—After pushing a stroller to a park near her home in a Seoul suburb, Kang Seung-min plopped down on a bench. Then an elderly woman ap...

Pension funds CPPIB global private equity head Suyi Kim to leave

Suyi Kim, global private equity head at Canada Pension Plan Investments Board (CPPIB), is set to leave the world’s seventh-largest pension fun...

E-commerce TMON, WeMakePrice file for court receivership amid liquidity troubles

TMON Inc. and WeMakePrice Co. – the e-commerce platforms owned by Singapore-based Qoo10 Pte. – have filed for court receivership amid co...

Beauty & Cosmetics China is LG H&H’s headache amid global K-beauty boom

South Korean cosmetics giant LG H&H Co. has yet to benefit from the global K-beauty boom due to its heavy dependence on China, the world’s...

Corporate restructuring Affinity-backed SSG.COM offers 1st voluntary redundancies

Money-losing SSG.COM, once the most popular online shopping mall in South Korea, is asking some of its employees to volunteer to leave the company f...

Leadership & Management Korean catering firm Ourhome CEO to leave amid sibling feud

South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice Chairwoman Koo Ji-eun has failed in her attempt to serve another...

Earnings Meritz leaves door open for an M&A, to stay shareholder friendly

Meritz Financial Group Inc., boasting the fourth-biggest market capitalization among South Korean financial holding companies, will look into an acq...

Korean startups Korean startup CEOs away from home lead global expedition

South Korea’s promising startup founders, who normally double as chief executive officers for their companies, are leaving their home turf to ...

Real estate IGIS Asset halts sale process of controlling stake

Key shareholders of South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, have decided to halt the process of...

Investment banking Korea's NH Investment shortlists 3 CEO candidates

South Korean brokerage house NH Investment & Securities Co. has shortlisted three candidates for its next chief executive as the current CEO Jeo...

Earnings LG Energy leaves 2024 capex unchanged despite softer demand

LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...

Business & Politics S.Korean gov't to support export of postnatal care centers

The South Korean government will support the overseas expansion of domestic postnatal care centers. South Korea's Ministry of Economy and Fin...

Central bank BOK head says Korea inflation to dip below mid-2% in H2 2024

South Korea’s central bank chief expected consumer inflation to fall below the mid-2% level in the second half of 2024, adding to predictions ...

Private equity Affinity's CJ Lee to become 3rd Korean executive to leave

Affinity Equity Partners’ founding member and Managing Partner Lee Chul-joo (CJ Lee) will resign from the Asia’s leading buyout manager,...

The KED View Why do so many S.Korean innovators bow out following success?

Bernard Arnault, chairman and CEO of the global luxury goods leader LVMH Moët Hennessy Louis Vuitton, is well known for sporting a full head of...

Central bank BOK leaves door open for another quarter-point rate rise

The Bank of Korea’s (BOK) decision on Thursday to keep its base rate steady at 3.50% does not signal the end of its one-and-a-half-year tighte...

Economy S.Korea’s public spending on maternity, child care falls short of OECD average

South Korea’s government budget for tackling the nation's low birth rate has risen to 2.25% of GDP, but housing support accounts for a major p...

Economy Korea avoids recession on strong consumption; outlook still tough

South Korea averted a recession as Asia’s fourth-largest economy rebounded more than expected in the first quarter on strong private consumpti...

Central bank BOK chief says tightening not over after rate freeze

South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...

Bio & Pharma PharmaResearch pays employees $7,706 bonus for having 3rd child

With South Korea setting new lows in birth rate every year, PharmaResearch on Wednesday said it will adopt an unprecedented system of childbirth and...

Economy S.Korea confirms easing inflation; BOK to hold rate

South Korea confirmed that inflation eased while Asia’s fourth-largest economy continued to slow, adding to expectations that the government m...

Steel POSCO’s Pohang workers to leave umbrella steel union group

One of two labor unions at Korea’s largest steelmaker POSCO will leave its umbrella group, the Korean Metal Workers’ Union (KMWU), follo...

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....

Behind the Scenes Corporate restructure inevitable at Smilegate as founder faces divorce

South Korea's fifth-richest man Kwon Hyuk-bin and his wife Lee Hwa-jin appear to be headed for divorce, according to industry insiders on Monday.&nb...

Food & Beverage Starbucks Korea faces its biggest challenge in 23 years 

Starbucks Korea, the undisputed leader in South Korea’s coffee franchise landscape, is facing the biggest challenge of its 23-year history.&nb...

Business & Politics Blue house brawl: South Korea spars over where next president will live

SEOUL—South Korea’s political division runs so deep now that the country can’t agree where the next president should liv...

Korean stock market Seoul launches investment promotion agency for FDI expansion

The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...