old money

Asset management South Korea’s young rich vs old rich: Coins, art outpace bonds, funds

Young South Korean millionaires, placing bold wagers on unconventional financial assets such as cryptocurrencies and art, are gaining ground fast, g...

Cryptocurrencies Korean investors abandon savings, stocks for cryptocurrencies

Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...

Economy South Korea becomes super-aged society faster than expected

One in five South Koreans is now 65 years old or older as the Asian country grapples with the demographic challenge of a rapidly aging population an...

Corporate bonds Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Chemical Industry Hyosung TNC mulls takeover of chemical affiliate’s specialty gas unit

Hyosung TNC Corp., the world’s top spandex maker, is considering taking over the specialty gas business of its chemical affiliate, news of whi...

Korean chipmakers Tesla asks Samsung, SK Hynix to supply HBM4 chip samples

Samsung Electronics Co. and SK Hynix Inc. are said to each be developing a sixth-generation high-bandwidth memory (HBM4) chip prototype for Tesla In...

Banking & Finance Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Korean startups Hudson AI dreams of a world without language barriers  

South Korean startup Hudson AI is striving to break language barriers with its artificial intelligence-powered voice dubbing technology, enabling gl...

Shipping & Shipbuilding Hanwha to bag up to $2.2 bn container ship order from Maersk

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, is expected to win its first container ship order from the world’s No. 2 ship...

Food & Beverage Orion seeks M&As, facility expansion with dividends from China, Vietnam

Orion Holdings Corp., a leading South Korean confectionery and snack maker, has been active in overseas markets for decades, particularly in China a...

Private equity Korea’s Tmax Group buys back software developer for $612 mn

South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...

The KED View What's wrong with making money from startup exits?

In South Korea, those who struck it rich from property investments are the subject of envy, but startup founders who make big money from their exits...

Commodities Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

E-commerce Qoo10’s Korean units delay seller payments amid expansions

Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...

Banking & Finance S.Korea’s travel payment card market competition heats up

Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...

Korean games Netmarble leverages existing IPs, M&As to keep growth

Expectations are growing high that Netmarble Corp., South Korea’s second-largest game developer and publisher, will extend its growth streak t...

Fashion Native Korean fast-fashion brands poised to snatch market

South Korea’s homegrown fast-fashion brands are expected to continue making big strides at home as cost-conscious consumers shifted toward mor...

Earnings Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

Korean startups Money pours in for technology to reshape Korean restaurants

Investors are betting big on food service technology startups in South Korea as the adoption of self-service systems in the country’s food and...

Bio & Pharma Reversing age possible in a decade: Harvard Prof. David Sinclair

Humans will be able to control biological age and reverse their age in 10 years with advancements in medical science and live up to around 120, abou...

Economy S.Koreans flock to funds, liquid assets out of term deposits

South Korean companies and households flocked to investment funds and short-term deposits in December last year, pulling out of money market funds a...

Aerospace & Defense IMM invests $97 mn in Korean supplier of Boeing, Airbus

IMM Investment Corp., a major South Korean private equity firm, invested $97 million in Kencoa Aerospace Corp., a local supplier of global industry ...

Automobiles Hyundai, Kia dominate US Best Cars for the Money

Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for the Money awards in...

Shipping & Shipbuilding Korea’s Hanwha Ocean quits money-losing container shipbuilding business

South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, has decided to exit the money-losing container shipbuilding busin...

Automobiles IONIQ 5 named Car of the Year 2023 in Singapore

Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...

Food & Beverage This country will police ‘shrinkflation’ at the supermarket

SEOUL—Food prices have risen so much that Kim Soo-yeon has developed a suspicious new habit at the grocery store. She has taken to shaking bag...

Webtoons Naver Webtoon to enhance global biz with new exec for US IPO

Naver Webtoon Ltd., the world’s top digital comics provider, aims to ramp up its global business with the appointment of a new executive ahead...

Bio & Pharma Samsung Med. Center achieves Korea's first uterine transplantation

The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...

Bio & Pharma Lotte builds US antibody-drug conjugate plant with $82 mn

South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...

Tech, Media & Telecom Naver integrates points program with Samsung Pay

The online money and points of South Korea's Naver Pay, an affiliate of the country's largest web portal Naver Corp., can now be used at offline sto...