
-
LX International seeks to acquire nickel, copper mines in Indonesia
A nickel mine in Madagascar, Africa LX International Corp., the trading unit of South Korea’s LX Group, said on Friday…
-
Samsung Biologics shares fly high to rank Korea’s third most valuable stock
Samsung Biologics’ booth at the BIO International Convention 2024 held in San Diego (Courtesy of Yonhap) Samsung Biologics Co., the…
-
Shinhan Bank reclaims top spot as S.Korea’s leading lender
A branch of Shinhan Bank Vietnam Shinhan Bank, a key arm of Shinhan Financial Group, reclaimed its position as South…
-
Korean beauty giants Amorepacific, LG H&H resurrect from China woes
Sulwhasoo is AmorePacific’s premium cosmetics brand South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering…
-
MBK-led consortium to take over Japan’s FICT for $656 mn
MBK Partners, the largest private equity firm in North Asia, will acquire a full stake in FICT Ltd., a semiconductor…
-
KB Financial to buy back $359 bn shares after record net profit in 2024
KB Fiancial Group headquarters building in Seoul KB Financial Group Inc., South Korea’s largest financial holding group, will spend nearly…
-
Alternative stock exchange Nextrade to launch on Feb. 4
The Kospi index added 1.11% to end at 2,509.27 on Feb. 5 (Courtesy of Yonhap) Nextrade, South Korea’s first alternative…
-
HD Hyundai Marine sets sights on LNG vessel retrofitting in Trump era
A 170,000-cubic-meter LNG floating storage and regasification unit (LNG-FSRU) built by Hyundai Heavy Industries When the global shipbuilding industry was…
-
Korean firms cut IPO prices, volumes amid bearish sentiment
South Korean companies resumed attempts to go public with lower valuations and fewer shares as investor sentiment remained soured. CK…
-
Korea to launch $23 bn high tech fund, bracing for Trump 2.0
Choi Sang-mok, South Korea’s acting president and minister of economy and finance South Korea will launch a high tech fund…
-
Hana Financial to buy back $280 mn shares after record 2024
Hana Bank’s headquarters in Yeouido, Seoul Hana Financial Group will buy back 400 billion won ($280 million) worth of shares…
-
LX Patos enters US intermodal logistics market with Japan’s ONE
Boxlinks’ logo (Courtesy of LX Pantos) LX Pantos Co., South Korea’s largest logistics company under LX International Corp., has advanced…
-
Samsung Life mulls putting Samsung Fire under its wing as subsidiary
Samsung Life Insurance’s headquarters in Seoul Samsung Life Insurance Co., South Korea’s largest life insurer, is considering putting Samsung Fire…
-
OpenAI, SoftBank tap Samsung for Stargate AI initiative
SoftBank Chairman and CEO Masayoshi Son (left) and OpenAI CEO Sam Altman attend a talk session in Tokyo on February…
-
Korea’s beauty retailer CJ Olive Young to open first US offline outlet
A CJ Olive Young outlet in Seoul CJ Olive Young Corp., South Korea’s top beauty store chain, said on Tuesday it…
-
POSCO seeks $1 bn restructuring amid weak steel, battery materials sectors
POSCO’s steel mill in Pohang, South Korea (File photo) South Korea’s POCO Holdings Inc. said on Monday it plans to…
-
Korean financial holding firms log record-high profits in 2024
Kookmin Bank’s branch in Yeouido South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits…
-
Samsung set to rebuild with leader Lee cleared of all charges against him
Samsung Group Chairman Jay Y. Lee gives a speech during a visit by US President Joe Biden to the chipmaker’s…
-
Hyundai, Kia enjoy record January US sales on eco-friendly cars
The Hyundai Santa Fe Hybrid (File photo by Hyundai Motor America) South Korea’s top automaker Hyundai Motor Co. and its…
-
Funding to Korean tech startups at 7-year low; seed-funding soars
Rebellions founder and CEO Park Sung-hyun New funding to South Korean tech startups dropped to its lowest levels in seven…
-
Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
SPC Group President Heo Jin-soo (third from the left, front row) and US officials pose for a photo after SPC…
-
Kakao set to announce AI partnership with OpenAI
Greg Brockman (left) and Sam Altman, co-founders of OpenAI, discuss the future of AI with Korean AI developers at a…
-
Hanwha, LG to join hands to take on Tesla with solar energy packages
Hanwha Solutions, the parent of Hanwha Q cells, started mass production of solar panels in the US state of Georgia…
-
Magnachip up for sale again, contacts Samsung, LG, LX
(File photo by Magnachip) South Korean chipmaker Magnachip Semiconductor Corp. has been put on the market for sale again four…
-
Korea’s exports snap 15-month gains in Jan despite higher chip sales
Container terminals at the Port of Busan, South Korea (File photo by Hyuk Choi) South Korea’s exports dropped in January…
-
SK On to complete merger with SK Enterm on Feb. 1
SK On turned to the profit in the third quarter of 2024 Electric vehicle battery maker SK On Co. said…
-
Korean law firms’ 2024 revenue soars on M&As, management disputes
(Courtesy of Getty Images) South Korea’s major law firms saw rapid growth in revenue last year as the economic slowdown…