re-entry special exemption program

Games S.Korea’s Krafton to nurture 6 new game studios in India

Krafton Inc., the publisher of global mega-hit “PlayerUnknown’s Battlegrounds” (PUBG), has selected six new Indian game studios to...

Automobiles Hyundai Motor launches global talent recruitment program

South Korea’s top automaker Hyundai Motor Co. has launched a global talent recruitment program, beginning April 1 via its official hiring webs...

Private equity MBK Special Situations relinquishes Korean investment advisory license

MBK Partners Special Situations (MBKP SS), which operates the Seoul-based private equity firm’s credit situations funds, has voluntarily relin...

Private equity MBK commits to restoring Homeplus operations: MBK Vice Chairman Kim

MBK Partners, facing increasing scrutiny over its highly leveraged acquisition of Homeplus Co., has pledged to go all-out to restore the struggling ...

Shipping & Shipbuilding Korea, US to expand cooperation in shipbuilding sector

WASHINGTON -- South Korea and the US plan to set up a working group to expand their cooperation in the shipbuilding industry from warships to commer...

Shareholder value S.Korea’s top financial regulator pushes tax support for value-up program

South Korea is ramping up efforts to encourage companies to enhance shareholder value by providing tax support for its corporate value-up program, a...

Corporate restructuring Samsung Life mulls putting Samsung Fire under its wing as subsidiary

Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&r...

ESG Korea Investment Holdings’ MSCI ESG rating upgraded to A

Korea Investment Holdings Co. said on Thursday it was upgraded by three notches from B to A in the MSCI ESG rating this year.The MSCI ESG rating is ...

Retail China's Miniso re-enters S.Korea

Miniso, a household goods store known as "the Chinese version of Daiso", has re-entered South Korea after three years.According to the retail indust...

Batteries SK Nexilis gets $133 mn subsidy from Poland

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish gover...

Automobiles Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico

Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...

E-commerce S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit

Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...

Banking & Finance KB Kookmin Card, UnionPay to cooperate on marketing

South Korea's KB Kookmin Card said on Tuesday it signed a memorandum of understanding (MOU) with China's UnionPay to cooperate on marketing. ...

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...

Real estate Korean funds offer rescue financing for global offices

South Korean institutional investors are offering rescue financing for overseas office buildings, which their local peers have yet to exit, as they ...

Leadership & Management SK to nurture 10,000 AI talent, introduce Board 2.0 to enhance governance

SK Group, South Korea’s second-largest conglomerate, said on Monday it plans to nurture 10,000 artificial intelligence professionals over the ...

Food & Beverage Bibigo enters Australian supermarket chain Coles

South Korean food giant CJ CheilJedang Corp. said on Monday that its Bibigo products will be sold in Coles, Australia’s second-largest superma...

Artificial intelligence Rebellions, Pegatron to partner on AI Hardware

Rebellions, a South Korean artificial intelligence (AI) chip design startup, said on Friday its strategic partnership with Taiwanese Design and Manu...

Corporate bonds S&P upgrades SK Innovation credit rating to BBB-

Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...

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 ...

Banking & Finance S.Korea provides financial education for foreigners in bank

South Korea's Financial Supervisory Service (FSS) launched financial education for foreign residents at specialized bank branches for foreigners. T...

Electronics Samsung Galaxy Z Fold Special Edition: slimmest, lightest of its kind

Samsung Electronics Co. said on Monday it is unveiling the Galaxy Z Fold Special Edition (SE) — the thinnest and lightest among the company&rs...

Korean stock market Korea Investment Management to list Global AI-based ASIC ETF

Korea Investment Management Co. said on Monday it will list the ACE Global AI ASIC exchange-traded fund (ETF) on October 22. The ETF will focus on ...

Artificial intelligence Naver Cloud launches AI meeting minutes service

Naver Cloud, the cloud subsidiary of South Korean online giant Naver Corp., said on Friday the launch of Naver Works Clova Note, an AI-based enterpr...

Future mobility Hyundai-owned Boston Dynamics, Toyota team up for humanoid robots

South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming ...

Automobiles Hyundai Motor celebrates 100 mn vehicles with special exhibition

Hyundai Motor Co. is celebrating the production of its 100 millionth vehicle with a month-long exhibition, "One Step Further," starting October 10 a...

Culture & Trends Suwon Hwaseong Cultural Festival to be promoted as global event

The South Korean Ministry of Culture, Sports, and Tourism said that the Suwon Hwaseong Cultural Festival, recently chosen as a Korea Representativ...

Aerospace & Defense KAI, Hanwha Systems to collaborate on special operations helicopter

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Thursday it signed an exclusive memorandum o...

Leadership & Management SK Group may beef up reform drive after CEO seminar

South Korea’s energy-to-telecom conglomerate SK Group will hold an annual strategic meeting presided over by its Chairman Chey Tae-won from Oc...

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...