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Saturday May 17, 2025
  • K-Beauty defies seasonal slump with record $980 mn in April exports
    Beauty & Cosmetics
    K-Beauty defies seasonal slump with record $980 mn in April exports

    Global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year-on-year to a record high, even during what’s typically the industry’s quietest season. According to trade data from the Korea Customs Service on Thursday, South Korea’s exports of cosmetics in April amounted to $980 million, up 20.1% from the same month last year. This marked the highest export value for Korean beaut

    May 16, 2025 (Gmt+09:00)

    4 Min read

    Global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year-on-year to a record high, even during what’s typically the industry’s quietest season. According to trade data from the Korea Customs Service on Thursday, South Korea’s exports of cosmetics in April amounted to $980 million, up 20.1% from the same month last year. This marked the highest export value for Korean beaut

    May 16, 2025 (Gmt+09:00)

  • Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move widely seen as a high-stakes bid to shore up its artificial intelligence capabilities amid intensifying global competition.The new subsidiary

    May 16, 2025 (Gmt+09:00)

    3 Min read
  • TeraView Ltd., a UK semiconductor inspection device maker, is aiming to list on South Korea’s Kosdaq market in the second half of this year, in what could be the first listing by a European company on the junior bourse.It plans to file for preliminary IPO review as early as

    May 16, 2025 (Gmt+09:00)

    2 Min read
  • Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, underscoring Samsung’s disciplined management amid an economic slowdown.According to company filings, Samsung Life Insurance Co

    May 16, 2025 (Gmt+09:00)

    2 Min read
  • Greystar Real Estate Partners, the largest housing investment firm in the US, has hired Kang Junghwan, a former managing director and head of portfolio management at Samsung SRA Asset Management Co., to lead its first office in South Korea.The property giant plans to open the Seoul office in July, aiming to tap into South Korea’s expanding rental housing market amid a surge in single- and two-person households.According to his LinkedIn prof

    May 16, 2025 (Gmt+09:00)

    2 Min read
  • Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1.3 billion with US pharmaceutical giant Eli Lilly & Co. to license out its novel RNA-editing technology to jointly develop therapies for sensorineural hearing loss. The deal grants Lilly global rights to Rznomics’ trans-splicing ribozyme (tsRZ) platform, which enables precise RNA editing to repair mutated transcripts without altering DNA,

    May 16, 2025 (Gmt+09:00)

    1 Min read

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MARKETS

  • A pair of leveraged exchange-traded funds tracking only Samsung Electronics Co. will make a debut on the stock exchange in Hong Kong next week, which will be the world’s first ETF holding a single Korean stock as its underlying asset. According to investment banking industry sources, CSOP Asset Management Ltd. will list CSOP Samsung Electroni

    May 14, 2025 (Gmt+09:00)

    1 Min read
  • POSCO Future M Co., South Korea’s leading battery materials maker, is set to raise 1.1 trillion won ($771 million) through a rights offering as it doubles down on its bet to expand manufacturing capacity in North America amid a prolonged downturn in global electric vehicle demand.The affiliate of Korea’s top steelmaker POSCO Holdings In

    May 13, 2025 (Gmt+09:00)

    3 Min read
  • Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% stake in South Korea’s No. 3 shipbuilder in a pre-market block trade for more than 1 trillion won ($695.8 million). Hanwha Ocean shares ended down 12.1% at 78,500 won on Tuesday, wiping out all of la

    Apr 29, 2025 (Gmt+09:00)

    3 Min read
  • South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with investors anticipating a formal contract signing as early as next month.On Friday, Doosan Enerbility Co. closed up 3.7% at 27,900 won, capping a 38.5% rally since April 10.Other nuclear-related stocks hav

    Apr 25, 2025 (Gmt+09:00)

    2 Min read
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