Foreign investment banks that once kept Korean equities at arm’s length are now scrambling to catch up as South Korea’s benchmark Kospi stock index surges past 4,200, setting a new record high and ranking as the best-performing major stock index of the year.Driving th
The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has posted a record profit, buoyed by a strong rally in domestic equities that pushed the fund’s year-to-date return above 20% – the
South Korea’s botulinum toxin exports are soaring to unprecedented levels, hitting record highs for the second consecutive month in October as “K-botox” products take global cosmetic markets by storm.According to alternative data provider KED Aicel, exports of K
Samsung SDI Co. is set to clinch its first large-scale battery supply agreement with Tesla Inc., a deal for energy storage systems (ESS) and estimated at over 3 trillion won ($2.1 billion), according to people with knowledge of the matter on Monday.The landmark deal underscores Tesla's shift away from China’s Contemporary Amperex Technology (CATL), the world’s largest battery manufacturer, toward South Korean suppliers with US product
The National Pension Service (NPS) is looking to hire 30 new fund management professionals in areas covering equities, fixed income, alternative assets, risk management and cash management.The NPS Invsetment Management department, headquartered in Jeonju, South Korea, will recruit two senior portfolio managers and 28 fund managers and receive applications by Nov. 17.Qualified senior managers must have at least seven years of investment experience
Hanwha Aerospace Co. has named Michael Coulter, who has led the South Korean defense giant’s global expansion since late last year, as new president and chief executive of its US operations – a role expected to anchor the company’s growing defense and shipbuilding partnerships with Washington.The appointment, announced Monday, places Coulter at the helm of Hanwha Defense USA (HDUSA), the US arm of Hanwha Aerospace. The subsidiar
South Korea’s exports of health functional food or health supplements have surged sharply in recent months, fueled by Chinese millennials and Ge
South Korea’s exports of rechargeable-battery materials rose for the first time in more than two years, buoyed by brisk demand for energy storag
In Ethiopia’s Kurmuk gold field, some 750 kilometers northwest of the capital Addis Ababa, workers are busy preparing to unearth 2.7 million tro
GYEONGJU – Nvidia Corp. has agreed to supply 260,000 units of its high-end graphics processing units (GPUs) to South Korea’s government and four of its largest conglomerates by 2030.The deal, valued at up to 14 trillion won ($9.8 billion)
When Jensen Huang, founder and CEO of Nvidia Corp., stood before more than 500 fans gathered at COEX in Seoul on Oct. 30 to celebrate the 25th anniversary of the GeForce GPU’s Korean launch, he opened his speech with an unexpected confession.&l
It began with a toast of beer and fried chicken at a modest Seoul eatery, followed by a flurry of compliments and gift exchanges, and ended with a glitzy joint appearance on a Gangnam stage before thousands of onlookers Thursday night.What unfolded w
Real estate credit continues to appeal to South Korea’s major asset owners even as interest rates decline, reflecting their cautious approach to equity exposure in the property sector.Secondary credit strategies in real estate are gaining momen
Eager not to miss a rare window for outsized gains, heavyweight global investors, from sovereign wealth funds to family offices and university endowments, are rushing to mandate South Korean hedge fund managers, hoping to ride the rally that has made
POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has signed a strategic partnership with Cleveland-Cliffs Inc., the No. 2 US steel producer, as part of efforts to expand its presence in the US to blunt the impact of revive
Homeplus Co., a South Korean hypermarket operator under court-led rehabilitation, has drawn letters of intent (LOIs) from two bidders, including AI firm Harex InfoTech Inc., according to investment banking sources on Friday.The retailer is wholly ow
K-beauty and K-food have long been defining pillars of the Korean Wave. But their fortunes have sharply diverged in the mergers and acquisitions market.M&A transactions involving South Korean beauty companies have reached $2.3 billion in the firs
South Korean medical aesthetics company Classys Inc. has acquired JL Health Participacoes S.A., a medical beauty device retailer in Brazil, one of its largest overseas markets, for 18.27 billion won ($13 million).Classys, 54.16% owned by Bain Capital
SemiFive Inc. and TeraView Holdings Plc, semiconductor-related companies backed by US and UK shareholders, respectively are set to go public in South Korea this year amid renewed investor appetite for chip stocks. According to initial public offering
South Korea’s initial public offering (IPO) market is set to regain momentum after the mid-autumn harvest festival holidays with biotechnology, semiconductor and content companies lined up to go public amid the booming local stock market.Twelve
South Korea’s mergers and acquisitions market rebounded sharply in the third quarter as conglomerates accelerated restructuring and asset sales, with multinational investment bank UBS Group AG and the country’s largest law firm Kim &
LG Electronics Inc. has moved ahead with the long-delayed initial public offering of its wholly owned Indian subsidiary, aiming to complete the process as early as next month after shelving the deal earlier this year.The South Korean electronics gian
GYEONGJU – China may be inching closer to lifting its unofficial ban on South Korean entertainment, as President Xi Jinping appeared receptive to a proposal for a large-scale K-pop concert in BeijingThe move, shown on the sidelines of the Lee-Xi meeting as part of the APEC 2025 Summit in the southeastern city of Gyeongju on Saturday, is a cle
South Korea has decided to finance its $200 billion US investment package through foreign-exchange earnings and newly issued government-guaranteed bonds, in a move designed to support strategic US projects while insulating the Korean economy from financial risk.According to government and the ruling party sources on Thursday, the Ministry of Econom
When world leaders gathered in South Korea for the APEC 2025 summit, one performance stole the spotlight — and even the Malaysian prime minister couldn’t resist sharing it. Prime Minister Anwar Ibrahim posted a clip of G-Dragon (Kwon Ji-y
It’s rare for an animated film soundtrack to stay this high for this long—but KPop Demon Hunters is proving to be anything but ordinary. The original soundtrack to Netflix’s blockbuster animated film has now spent four consecutive w
After weeks of fierce competition, Golden, the breakout hit from Netflix’s animated film KPop Demon Hunters, has once again risen to the top of the UK Official Singles chart, knocking Taylor Swift’s The Fate of Ophelia from the No. 1 spot
