super rich collectors

Arts Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs

JAKARTA – Last Thursday, Baik Art gallery in Jakarta, Indonesia, was crowded with well-heeled art patrons eager to meet a revered artist from ...

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...

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...

E-commerce Naver to lead hyper-personalized shopping trends with super app

Naver Corp., South Korea's largest internet portal, will launch an AI-driven shopping app in the first half of 2025 to boost its lackluster e-commer...

Batteries LG Energy to supply EV batteries to Rivian in $6.7 bn deal

LG Energy Solution Ltd., the world’s third-largest battery maker, is set to supply cells to Rivian Automotive Inc., a US electric vehicle manu...

Regulations Heavy inheritance, gift taxes spur rich Koreans to emigrate to Singapore

A South Korean co-CEO of a blockchain investment firm with hundreds of millions of dollars in assets moved to Singapore last year to avoid the North...

Corporate strategy Stock-rich KCC's shareholdings exceed its market cap

KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...

Asset management Young rich Koreans: Financially literate, self-directing

Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...

Asset management South Korean brokerages woo super-rich to make them even richer

South Korea’s baby boomers, the demographic cohort born between 1955 and 1963, have largely built their wealth through hard work, savings and ...

Asset management Young rich Koreans set sights on M&As, commercial property deals

Young rich Koreans have emerged as big players in South Korea’s asset management market, expanding into M&As and commercial real estate, a...

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 ...

Banking & Finance Samsung seeks to launch new super mobile banking app with a local bank

Samsung Financial Networks, a union of Samsung Group’s four financial affiliates, is seeking to launch a super mobile banking app in partnersh...

Tech, Media & Telecom Naver, Aramco to team up to enter Saudi Arabia

South Korea’s online giant Naver Corp. announced on Wednesday that it signed an agreement with Aramco Digital, a subsidiary of the world's lar...

Batteries S.Korea, Indonesia to strengthen battery materials supply chain

South Korea and Indonesia plan to strengthen the collaboration to establish an electric vehicle (EV) battery ecosystem, capitalizing on Indonesia'...

Real estate Myeong-dong cements status as super-prime real estate in Korea

A 170-square-meter plot of land in Myeong-dong, central Seoul, where South Korean beauty brand Nature Republic’s flagship store is located, ha...

Fashion Foreign streetwear brands flock to rich districts in Seoul

Palace Skateboards will likely join other foreign streetwear brands such as Noah, Supreme and Stussy, which have made their debut in South Korea, ta...

Korean chipmakers Samsung Lee's urges to keep ‘super gap’ in semiconductor technology

Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited the construction site of the global memory chip giant’s new semiconductor rese...

Tech, Media & Telecom SK Telecom rolls out super-fast 400 Gbps 5G wired network

South Korea’s SK Telecom Co. on Tuesday announced a national first through its 400 gigabit per second (Gbps) high-capacity wired network used ...

Banking & Finance KakaoBank to acquire 10% stake in Super Bank Indonesia

South Korea's KakaoBank Corp. announced on Tuesday its decision to invest in Indonesia's digital banking entity PT Super Bank Indonesia.This move ...

Automobiles BMW premieres new 5 Series in Korea, the model’s top market

German carmaker BMW Group on Thursday premiered its latest 5 Series premium sedan in South Korea, an indication of the growing importance of the Asi...

Electronics India, LG’s land of promise with young, rich population

NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...

Mobile networks Kakao to release super-large AI model, superapp

Kakao Corp. on Thursday announced that it will transform South Korea’s dominant mobile messaging app KakaoTalk into an AI-powered platform com...

Electronics Super-large screens account for one third of Samsung’s TV sales

Samsung Electronics Co. announced that one out of every three of its Neo QLED and QLED TVs sold in South Korea between January and July this year fe...

Fashion Koreans maintain designer love with used items, 'quiet luxury'

South Koreans are maintaining their love for premium fashion items with purchases of used luxury items and "quiet luxury" goods amid a slowdown in A...

Food & Beverage Starbucks to offer super-size Trenta drinks in S.Korea

Starbucks will roll out its biggest size for iced drinks, the Trenta, next week in South Korea, which was chosen as its first overseas market to int...

Artificial intelligence KT to build hyperscale AI cloud infrastructure

South Korea has paved the way to use artificial intelligence (AI) semiconductors based on neural processing units (NPU) on cloud platforms to conduc...

Korean chipmakers Hanmi Semiconductor sets up local corporation in Vietnam

South Korean chip equipment maker Hanmi Semiconductor Co. said on Wednesday that it has set up a local subsidiary, Hanmi Vietnam, in the Bac Ninh re...

Tech, Media & Telecom Samsung to launch Galaxy A24 in S.Korea to target low-end market

Samsung Electronics Co. announced on Thursday that it will release the Galaxy A24, a budget phone model in the domestic market on Friday to targetin...

Electronics LG Electronics delivers LED outdoor billboard to Peru

South Korea's LG Electronics Inc. announced on Friday its successful delivery of a massive billboard to Lima, the capital city of Peru. The LED disp...

Batteries Samsung SDI unveils super-gap battery tech aimed at Chinese market

South Korea's leading secondary battery maker Samsung SDI Co. is setting its sights on China's battery market with its super-gap solid-state battery...