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Hyundai Card and Costco have become partners. As of May 24, customers have started to pay with their Hyundai credit cards at all of the 16 Costco stores and online mall in South Korea. “This is not ...
Cash-strapped Woongjin Group announced on June 27 that it has decided to resell its stake in water purifier rental firm Woongjin Coway, which it just acquired in March this year. “We will sell Woong...
Retail sales in South Korea increased in May from a year earlier as online malls continued to attract more customers with faster delivery services and wider selections, data showed on June 27. Th...
South Korea’s antitrust regulator said on June 25 that it has fined McDonald’s Korea 52 million won ($45,000) for violating the law on franchise business. McDonald’s Korea is accused of accepting...
Rawrow on June 20 announced that it had signed a contract to get funding from Shinsegae International , a fashion arm of Korean conglomerate Shinsegae. According to Rawrow, it handed some of its s...
Investors in YG Entertainment including the National Pension Service have suffered losses of around 200 billion won ($169.2 million) over the past six months, according to Korea Exchange data. Bro...
Korea Investment Value Asset Management announced on June 10 that it had bought 440,000 additional shares of Korean entertainment powerhouse JYP Entertainment. With the purchase, KIVAM, the second-bi...
Liquor prices are continuing to increase across South Korea, the latest being those from Lotte Liquor, industry sources said on June 1. Starting this month, prices of liquor from Lotte Chilsung Beve...
Faced with mounting criticism from shareholders, South Korean entertainment powerhouse S.M. Entertainment announced on May 31 that it will consider handing out dividends for the first time since it w...
“Parasite,” the winner of the Palme d’Or at the 2019 Cannes Film Festival, has not only become a source of national pride but also a boon for its investors. The movie, the seventh from director Bong...
South Korea’s leading e-commerce platform cafe24 announced on May 27 that it has signed a partnership deal with short video mobile app TikTok. TikTok is a popular video platform which allows users...
Kurly, operator of grocery delivery platform Market Kurly, on May 24 announced that it has secured an additional 35 billion won investment from China-based Hillhouse Capital in its series D round. I...
GS Home Shopping, a leading home shopping channel operator here, said May 26 that it has invested $1.2 million in Luxstay, a Vietnamese home-sharing platform that targets the Southeast Asian market. ...
The ubiquitous toys of domestic toy seller Sonokong range from the megahit transformation car-robots “Turning Mecard” to “Sofy Ruby” (also spelled Sophie Ruby), an ordinary girl on an adventure to sa...
CJ Cheiljedang said on May 23 that the US private equity fund Bain Capital has invested $320 million in its American unit. Bain Capital will acquire a 27 percent stake in CJ Cheiljedang’s wholly ...
Yeouido to emerge as property investment hot spot
Regulator OKs upping Kakao’s stake in internet-only bank
DoubleUGames’ sales, operating profit hit 3-year high
What Samsung NEXT considers when investing in startups
State-led tech forum NextRise puts Seoul on global tech map
LG Display sees losses for two straight quarters in Q2
North Korea’s wireless network backed by Huawei: reports
KEB Hana agrees to buy 15% stake in Vietnam-based BIDV for W1tr
July 24, 2019
