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July 18, 2025

Leadership & Management

S.Korea’s most prominent business leader returns with all charges cleared

After nearly a decade spent fighting allegations of corporate wrongdoing, Samsung Electronics Co. Chairman Lee Jae-yong has been acquitted on all charges of accounting fraud and stock manipulation, removing what the country’s business community sees as one of the most prominent judicial shackles in its recent corporate history. The Supreme Court on Thursday upheld Seoul High Court&rs

Food & Beverage

Hanwha-owned burger chain Five Guys Korea up for sale two years after launch

South Korea’s Hanwha Group is seeking to sell the Korean operations of US premium burger chain Five Guys, two years after the brand’s high-profile local debut led by group scion Kim Dong-seon. The group has tapped Samil PwC to manage the sale and recently sent teaser letters to private equity firms with experience in food and beverage franchises, according to people familiar wi

Mergers & Acquisitions

Hanwha seeks to buy Paraspara Seoul from developer tied to Banyan Tree Busan fire

Hanwha Hotels & Resorts Co. is in talks to acquire Paraspara Seoul, a five-star hotel and resort, up for sale by a property developer facing liability over a fatal fire at the construction site of Banyan Tree hotel in Busan, according to sources in the hotel industry on Thursday. In a deal estimated at around 200 billion won ($144 million), Hanwha expects the acquisition of the luxury

Automobiles

Kia's Lego-like PV5 with 16 variants to hit market in July

Kia Corp., South Korea’s second-largest carmaker under Hyundai Motor Group, is set to redefine mobility solutions with its modular electric platforms designed to transform into different types of vehicles using interchangeable units, much like Lego bricks. The sibling of Hyundai Motor Co. said on Thursday that it will begin mass production this month of the PV5, a mid-sized electric

K-pop

Stray Kids make K-pop history with landmark stadium show in Germany

Stray Kids set a new milestone in K-pop history with a solo performance at one of the largest stadiums in Germany, highlighting the unwavering global momentum of Korean artists. As part of its dominATE world tour, the eight-member boy group held a sold-out show at Deutsche Bank Park in Frankfurt on Tuesday, marking the largest-ever solo concert by a Korean act held in Germany. With the sh

Asset management

Korea Investment & Securities, UBP seek private banking partnership

Korea Investment & Securities Co. (KIS), a unit of Korea Investment Holdings Co., said on Thursday it has discussed a strategic partnership with Union Bancaire Priv?e (UBP), a Swiss private bank, to reinforce private banking and family office services. Kim Sung-hwan, chief executive of KIS, on Wednesday met with Nicolas Faller, co-CEO of the Geneva-based firm's asset management

Korean startups

Maru SF to open in Silicon Valley in November as Korean startup gateway

Maru SF, a startup campus and networking hub operated by the Asan Nanum Foundation, will open in Silicon Valley this November, marking the organization’s first overseas expansion to support Korean entrepreneurs entering the US market. The center, located in San Mateo, California, will serve as a launchpad for early-stage Korean startups looking to establish a foothold in the US mark

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