News
Korean defense contractors face US cyber compliance crunch as Washington tightens security rules
4+ hour, 36+ min ago (300+ words) Kim Dong-kwan (right, at podium), vice chairman of Hanwha Group, gives a speech at Hanwha Philly Shipyard on Aug. 26, 2025 (Courtesy of Hanwha Group) BEIJING – China has virtually lifted sanctions on five US subsidiaries of South Korean shipbuilder Hanwha Ocean Co....
Gaon Cable lands over $2 bn bus duct deal for Meta's AI data centers
1+ hour, 44+ min ago (499+ words) LS Cable CEO Koo Bon-kyu (center) holds a '1 LS Way' road sign received from Chesapeake Mayor Rick West (right) at the groundbreaking ceremony for LS' first underwater cable plant in Chesapeake, Virginia WASHINGTON, D. C. – LS Cable & System Ltd. , South Korea’s leading…...
Milk tea chain Gong Cha put on market as TA Associates pursues exit
4+ hour, 35+ min ago (615+ words) (Courtesy of Getty Images) Funds managed by two South Korean private equity firms – Premier Partners and UCK Partners – delivered the highest returns among Korea Scientists & Engineers Mutual-aid Association’s (SEMA) exited private equity vehicles over the past five years. Starbucks operates…...
Korea's financial watchdog FSS tightens scrutiny of share swaps, raising bar for delisting
3+ hour, 7+ min ago (230+ words) KED Global Korea's financial watchdog FSS tightens scrutiny of share swaps, raising bar for delisting Critics say strengthening minority shareholder protections is necessary, but regulators must not constrain legitimate corporate decision-making EQT secures 90% stake in Douzone Bizon through tender offer,…...
NPS signals support for higher domestic equity allocation; Caution sets in against rapid moves
9+ hour, 53+ min ago (225+ words) Kim Sung-joo, chairman and chief executive of the National Pension Service South Korea’s National Pension Service (NPS) has crossed the 1, 800 trillion won ($1. 2 trillion) threshold in assets under management, buoyed by a powerful domestic equity rally that has generated an estimated…...
South Korea's supercar market loses its roar
1+ day, 21+ min ago (239+ words) A Mercedes-Maybach S-Class sedan Mercedes-Benz Group on Monday opened the world’s first Maybach Brand Center in Seoul, its largest-ever dealership dedicated to the ultra-luxury marque, betting on Korean consumers’ unwavering appetite for premium vehicles. In 2024, Maybach performed s (Courtesy of…...
Bill Gates-backed Terra Power taps Korean technology for first US SMR project
1+ day, 2+ hour ago (332+ words) Aerial view of Nu Scale Power’s small modular reactor model (Courtesy of Nu Scale) South Korea has discussed a possible investment in Nu Scale Power Corp.'s small modular reactor (SMR) program in Tennessee as part of its $200 billion investment…...
Doosan to acquire 100% of SK Siltron, redrawing business around chips
1+ day, 3+ hour ago (234+ words) KED Global Doosan to acquire 100% of SK Siltron, redrawing business around chips A full takeover of the wafer maker would extend the South Korean conglomerate's reach across semiconductor materials, substrates and testing Doosan named preferred bidder for SK Siltron, world's…...
Buldak creator takes top seat at Samyang Foods
2+ day, 20+ hour ago (224+ words) Buldak creator takes the top seat at Samyang Foods KED Global Buldak creator takes top seat at Samyang Foods Kim Jung-soo, who built the spicy ramen brand into a global hit, is set to drive the South Korean food maker…...
S. Korea rattled by bonus disputes amid growing workers" call for greater share of profits
3+ day, 12+ min ago (354+ words) Samsung Electronics' headquarters in Seoul Samsung Electronics Co. , the world’s top memory chipmaker, has begun scaling back semiconductor production ahead of a planned nationwide labor strike, taking emergency steps to cushion what industry officials warn could become one of the…...