South Korea Finance & Banking

Naver Bets Additional 33 Billion Won on Kurly to Chase Coupang

Naver invests an additional 33 billion won in Kurly, raising its stake to 6.2%, as it seeks to capture Coupang's fresh food demand following a data le...

Hanchang, The Technology Referred to Prosecutors Over Accounting Fraud

Korea's Securities and Futures Commission referred Hanchang and The Technology to prosecutors for accounting fraud, including overstated revenue and o...

Coupang Posts $242 Million Q1 Operating Loss, Largest in Over Four Years

Coupang Inc. posted a Q1 operating loss of 354.5 billion won ($242 million), its largest in over four years, as data breach compensation vouchers and ...

Korea's 30-Year Bond Yield Hits Yearly High Amid Fiscal Concerns

Korea's 30-year government bond yield rose to 3.844%, the highest in 2.5 years, amid Middle East inflation fears and global long-term yield surges, ra...

Dongmun Constructs Yongin Gorim Complex Near GTX-A Station

Dongmun Engineering & Construction is supplying Yongin Gorim Dongmun The East, a 350-unit complex with small- to mid-sized layouts near GTX-A Guseong ...

National Pension Service Earns 250 Trillion Won in Four Months

Korea's National Pension Service earned over 250 trillion won in four months, pushing its fund size beyond 1,700 trillion won, as a suspension of dome...

Korea's Recognized Jeonse Fraud Victims Near 40,000

Korea's recognized jeonse fraud victims are nearing 40,000, with 38,503 cumulative cases since June 2023. LH has purchased 8,357 affected homes to sup...

Taeyoung Unveils 1,250-Unit Metro City Jasan Desian in Masan

Taeyoung E&C launches sales of Metro City Jasan Desian, a 1,250-unit apartment complex in Masanhappo-gu, Changwon, with 739 units offered for general ...

Seoul Land Transaction Permit Filings Hit 919 in a Day Ahead of Tax Hike

Seoul's land transaction permit filings hit 919 in a single day on May 4, nearly double April's daily average, as multi-home owners rushed to beat the...

KDB Drags Feet on Victim Relief Reforms Despite Human Rights Audit

Korea Development Bank (KDB) received recommendations in a 2024 human rights assessment to improve victim relief procedures, but has yet to revamp its...

HLB Innovation Issues 40.5 Billion Won Convertible Bond to Accelerate CAR-T Therapy Development

HLB Innovation will issue a 40.5 billion won convertible bond to accelerate CAR-T therapy clinical trials at its subsidiary Verismo Therapeutics, with...

CJ Chairman to Visit U.S. to Push 'K-Lifestyle' Global Strategy

CJ Group Chairman Lee Jae-hyun will visit the U.S. this month to review North American operations of key affiliates including Schwan's and Olive Young...

Win-Win Growth Foundation, KOTRA Join Hands on Global ESG Regulations

The Win-Win Growth Foundation and KOTRA signed an MOU to jointly respond to global ESG regulations, combining KOTRA's regulatory consulting with the f...

Korea's National Growth Fund to Launch Nov. 22 with Up to 40% Tax Deduction

Korea's National Participation Growth Fund launches Nov. 22 with 600 billion won in public capital, offering up to 40% income tax deductions and gover...

"A Trader's True Worth Shines in Crisis," Says GS Global CEO Kim

GS Global CEO Kim Sung-won rerouted 86,000 tons of steel via land during the Hormuz crisis, showcasing the true value of a trading company amid Middle...

Hyundai Motor Extends Venice Biennale Korean Pavilion Sponsorship Through 2034

Hyundai Motor extends its sponsorship of the Venice Biennale Korean Pavilion through 2034, continuing a partnership that began in 2015 to promote Kore...

NH Savings Bank Appoints Former Police Chief Convicted of Election Meddling as Outside Director

NH Savings Bank appointed Kang Shin-myeong, a former Korean police chief convicted of interfering in the 2016 general elections, as an outside directo...

Hana Bank Launches 6% 'Run Hana' Savings Account Targeting Runners

Hana Bank launched "Run Hana Savings," offering up to 6% annual interest based on running records, with a 2.5 percentage point bonus for runners cover...

Korea Targets Farmland Speculation with Tougher Disposal Rules

South Korea is launching its first nationwide farmland audit and tightening penalties, making disposal orders mandatory and raising enforcement fines ...

KB Unveils Financial Sector's First Humanoid Care Robot

KB Financial Group unveiled the financial sector's first humanoid care robot, co-developed with Zenon, designed to deliver medication and provide emot...

NTS Special Investigation Unit Launches Tax Probe into Korea Zinc

The Seoul Regional Tax Office's Investigation Bureau 4, which handles special tax probes, has launched a tax investigation into Korea Zinc, intensifyi...

Medytox Showcases Aesthetic Medical Portfolio at Korean Dermatology Conference

Medytox showcased its aesthetic medical portfolio, including Coretox, Innotox, Newlux, and Newvisu, at the 52nd Spring International Congress of the K...

Ceragem Sets Home Healthcare Standard with ISO/IEC Technical Report

Ceragem published ISO/IEC TR 30123:2026, a global technical report setting safety and interoperability standards for connecting various home healthcar...

Centroid PE to Acquire Funeral Services Firm The People Life

Centroid PE has been selected as the preferred bidder to acquire The People Life, Korea's sixth-largest funeral services firm with 400 billion won in ...

Visitors Explore AI's Present and Future at Seoul Expo

Visitors explore cutting-edge AI technologies at the 2026 International Artificial Intelligence Exhibition (AI EXPO KOREA 2026) at COEX in Seoul, runn...

Humanoid Robot Delivers Joy Through Dance at Seoul AI Expo

AgiBot's humanoid robot "X2 Ultra" showcased its dance moves at AI EXPO KOREA 2026, held at COEX in Seoul from May 6 to 8, highlighting the latest in ...

Louis Vuitton's $8,400 Shiba Inu Bag Sparks Mixed Reactions

Louis Vuitton's new Shiba Inu-shaped handbag, priced at 12.2 million won ($8,400), is dividing consumers between those praising its unique design and ...

Hyundai E&C Opens Apgujeong District 3 Showroom Featuring 5,175-Unit Complex

Hyundai E&C opened an Apgujeong District 3 showroom featuring a full-scale circular community, DRT autonomous shuttle and a 5,175-unit complex model w...

Samsung, SK hynix China Workers Demand Higher Bonuses Amid AI Chip Boom

Chinese workers at Samsung Electronics' Xi'an and SK hynix's Wuxi semiconductor plants are demanding higher performance bonuses as Samsung's market ca...

SK ecoplant Hosts Anniversary Event for Employees and Families at Seoul Land

SK ecoplant invited about 2,600 employees and family members to Seoul Land in Gwacheon on May 3 for its founding anniversary event, featuring rides, g...

Today's Memo

Daily corporate disclosure memo for May 7, covering additional common share listings, par value changes, and share listing changes on the Korea Exchan...

Delivery Robots to Learn from Raw Video Footage Under Sandbox Exemption

Korea's ICT Regulatory Sandbox approved Neubility's use of raw video footage to train autonomous delivery robots, alongside a regional cable TV commer...

New KPX Chief Vows Proper Rewards for Flexibility Resources

New Korea Power Exchange Chairman Kim Sung-jin pledged to build a diverse power market that properly rewards flexibility resources and ensures stable ...

Finance as Faith: Rethinking Korea's Risk-Averse Financial Culture

Kim Hong-il, CEO of K-Unicorn Investment, echoes Policy Chief Kim Yong-beom's call for Korean finance to move beyond risk avoidance toward understandi...

Naver Surges as Coupang Stalls, Battling Ali and Temu for No. 2

Coupang's monthly active users fell 0.2% in April, while Naver Plus Store surged past AliExpress to third place, closing in on Temu in Korea's e-comme...

Doosan Group ETF Surges 39.6% in First Month on AI, Nuclear, Robot Rally

Woori Asset Management's WON Doosan Group Focus ETF posted a 39.6% return in its first month, the highest among seven new ETFs listed on March 31, dri...

K-Rail Taps Central Asia, Completes Training for Tajikistan Policymakers

Korea National Railway completed a 5-day training program for Tajikistan policymakers on the Dushanbe urban railway, strengthening K-Rail's expansion ...

500 Architects Rally Against Demolition Supervision Rule Changes

Some 500 Korean architects rallied in Sejong on Monday, demanding the withdrawal of a government amendment that would allow construction managers to s...

Samsung Holds Top Spot Among Korean Firms, SK hynix Surges to No. 5

Samsung Electronics kept its top spot among Korea's 500 largest companies by revenue in 2024 with 333.6 trillion won, while SK hynix jumped to fifth o...

Value Buffets Surge in Popularity as Dining Costs Bite

Korean consumers are shifting to value-for-money buffets amid rising dining costs, with E-Land Eats expanding Ashley Queens to 120 stores and new entr...

Apple Effectively Admits AI iPhone Overhype as Samsung Targets Opening

Apple agrees to pay $250 million to settle a U.S. class-action lawsuit over misleading AI iPhone advertising, as Samsung targets the opening with expa...

IMF Praises Korea's Response; Koo Hints at Extending Oil Price Cap

Korea's Finance Minister Koo Yun-cheol vowed to defend the 2.0% growth target amid Middle East tensions and hinted at maintaining the oil price cap, c...

Onconic Therapeutics Presents Jaqbo Real-World Study Results at DDW 2026

Samjin Pharmaceutical, Ontact Health to Distribute Cardiac Ultrasound AI Solution in Korea

Samjin Pharmaceutical signed an MOU with Ontact Health for exclusive domestic distribution of SONIX HEALTH, an AI cardiac ultrasound solution that cut...

Boston Dynamics Unveils First Developmental Atlas Model Performing Gymnastics

Samsung Builds Memory-Foundry Dual Engine as Tesla, Nvidia, Apple Knock

Samsung Electronics builds a memory-foundry dual engine as Apple, Nvidia, and Tesla seek partnerships, pushing shares above 260,000 won for the first ...

SP Samhwa Donates Custom Paint to Gongju Correctional Facility

SP Samhwa donated custom paint and accessories to Gongju Correctional Institution to improve hygiene, safety and building lifespan, expanding its ESG-...

KOTRA, Win-Win Cooperation Foundation Team Up to Support Exporters on ESG Rules

KOTRA and the Win-Win Cooperation Foundation signed an MOU to help Korean exporters respond to global ESG regulations, including the EU's CBAM and CSD...

Pelican Products Sponsors Custom Case for Junior Equestrian Championship

Pelican Products Korea sponsored a custom case based on its Pelican 1607 Air Case to protect the ceramic winner's trophy at the 2026 KRA Cup Asian Jun...