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  • Airlines
    Korean Air, Delta to buy 25% stake in Canada’s WestJet for $550 million
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    Korean Air Lines Co., South Korea’s largest full-service carrier, and its joint venture partner Delta Air Lines Inc. will acquire a 25% stake in Canada’s second-largest airline WestJet Airlines for $550 million, Delta announced on Friday. Under the agreement signed wi

    21 HOURS AGO

    3 Min read
  • Mergers & Acquisitions
    Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility
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    United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobility Corp., South Korea’s largest taxi-hailing app, to take over shares from its financial investors, including TPG and Carlyle

    May 09, 2025 (Gmt+09:00)

    2 Min read
  • Electronics
    Now, slim is in – and Samsung aims to be No. 1 with Galaxy S25 Edge
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    With the advent of mobile AI, the performance arms race among smartphone makers is reaching diminishing returns, as some market analysts put it.The battle for dominance in the high-end smartphone market, they say, may hinge less on chipset performance and more on design innovatio

    May 09, 2025 (Gmt+09:00)

    3 Min read
  • MBK’s Lotte Card sale gains momentum amid Homeplus fallout
    Mergers & Acquisitions
    MBK’s Lotte Card sale gains momentum amid Homeplus fallout
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    North Asia-focused private equity firm MBK Partners’ second attempt to exit Lotte Card Co., South Korea’s fifth-largest car issuer, is gathering steam as bidders line up for a deal that could reshape the local credit card market. Industry observers project the improved chances of its successful sale as potential buyers could leverage the lingering controversy over MBK’s management of debt-ridden Homeplus Co., one of its retail p

    16 HOURS AGO

    3 Min read

    North Asia-focused private equity firm MBK Partners’ second attempt to exit Lotte Card Co., South Korea’s fifth-largest car issuer, is gathering steam as bidders line up for a deal that could reshape the local credit card market. Industry observers project the improved chances of its successful sale as potential buyers could leverage the lingering controversy over MBK’s management of debt-ridden Homeplus Co., one of its retail p

    16 HOURS AGO

  • Corporate strategy
    Hankook & Company to set up CVC with $11 mn in funding

    Hankook & Company Co., the holding company of Hankook Tire & Technology Co., announced Thursday a plan to launch a wholly owned corporate venture capital (CVC) arm this month with an initial investment of 15 billion won ($11 million) to transform into a technology-driven company.   This will mark the South Korean conglomerate’s first venture capital company since its inception over eight decades ago as the country’s

    May 09, 2025 (Gmt+09:00)

    2 Min read
  • Electric vehicles
    BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

    China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling imported electric vehicle last month – a symbolic breakthrough for the world’s largest EV maker as it pushes deeper into global markets.According to the Korea Automobile Importers & Distributors Association (KAIDA) on Thursday, BYD sold 543 units of the Atto 3 in April, surpassing Tes

    May 09, 2025 (Gmt+09:00)

    2 Min read
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    • Shipping & Shipbuilding
      Hanwha Ocean shares sink after KDB's sale of 4.2% stake
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      Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% stake in South Korea’s No. 3 shipbuilder in a pre-market block trade for more than 1 trillion won ($695.8 million). Hanwha Ocean shares ended down 12.1% at 78,500 won on Tuesday, wiping out all of la

      Apr 29, 2025 (Gmt+09:00)

      3 Min read
    • Energy
      South Korea nears Czech nuclear deal; Doosan, related stocks fly high
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      South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with investors anticipating a formal contract signing as early as next month.On Friday, Doosan Enerbility Co. closed up 3.7% at 27,900 won, capping a 38.5% rally since April 10.Other nuclear-related stocks hav

      Apr 25, 2025 (Gmt+09:00)

      2 Min read
    • Markets
      Kakao shares sink on SK Telecom’s stake sell-off news
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      Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platform giant for about 400 billion won ($278.2 million).The country’s largest mobile carrier announced earlier today in a regulatory filing that it would offload all of its holdings in Kakao – 1

      Apr 25, 2025 (Gmt+09:00)

      1 Min read
    • Business & Politics
      Seoul, Washington agree on July tariff deal framework in '2+2' trade talks
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      WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marking the first formal bilateral negotiations on trade barriers under the new Donald Trump administration.Senior Korean officials, including Finance Minister Choi Sang-mok and Trade and Industry Minister A

      Apr 25, 2025 (Gmt+09:00)

      4 Min read

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