KB News DeskHanwha offers up to $1.2b for Austal’s US shipbuilding arm
Hanwha Group is seeking to acquire the US arm of Austal, Australia’s biggest shipbuilding company, in a move to substantially strengthen the South Korean conglomerate’s shipbuilding and defense presence in…
Coupang's dawn delivery reign faces new dawn
Fulfillment centers, supermarket stores under revised law could stoke competition South Korea’s dawn delivery market has long belonged to a handful of e-commerce players, led by Coupang. Now some of…
Musinsa hosts first global buyer event for Standard line
South Korean fashion platform Musinsa said Tuesday it held its first global buying event for private label brand Musinsa Standard, courting overseas retailers ahead of its 2027 spring-summer collection. The…
Samsung’s AI cash pile fuels special dividend hopes
Board discusses additional payout as AI memory boom doubles net cash Samsung Electronics’ swelling artificial intelligence memory profits and cash pile are fueling expectations of its first special dividend in…
Korea Zinc gains traction as US rebuilds critical mineral supply chains
Korea Zinc, the world’s leading metal refiner, is gaining significant traction from Washington’s recent announcement on securing China-free critical mineral supply chains spanning mining, processing, refining and manufacturing within the…
aweXome Ray readies EUV pellicle material for commercial debut
Korean materials startup aweXome Ray said Monday it has raised 7.5 billion won ($5.3 million) and opened a dedicated production line for carbon nanotube membranes used in extreme ultraviolet pellicles,…
Fitch sees limited credit fallout from Korea stock rout
Ratings agency says financial-sector exposures remain manageable, but flags market concentration and leveraged products Fitch Ratings sees little sign that South Korea’s stock-market rout is spilling into broader credit stress,…
Seoul shares end tad higher, snapping 2-day losing streak
South Korean stocks ended modestly higher Monday, snapping a two-day losing streak, as investors bought major chip-related shares on bargain hunting after Wall Street extended its record-setting rally. The Korean…
Caregiver gets suspended sentence for taking W20m from dementia patient's bank account
A caregiver in her 70s has received a suspended prison sentence for taking more than 20 million won ($14,000) from an elderly dementia patient she had cared for, the Cheongju…
Lee orders relocation of Gwangju air base by mid-2028 for chip hub
President Lee Jae Myung on Monday ordered military operations to be shifted from Gwangju Air Base to other airfields by mid-2028, seeking to accelerate the construction of a second semiconductor…
