LG Energy Solution IPO draws record high W114tr in retail bids

Over 114 trillion won ($95.5 billion) in cash deposits from about 4.4 million retail investors flowed into a mega initial public offering by LG Energy Solution during a two-day subscription that ended Wednesday, reflecting explosive interest in the company‘s market debut. The world’s second-largest battery maker has already attracted the highest amount of deposits from a total of 1,988 domestic and foreign institutional investors, which pledged some 15,000 trillion won in total to b

Metaverse scramble exposes Samsung’s software weakness

Despite stagnant smartphone biz, Samsung still seen tied to mobile while others race to new market

Minister warns against campaign pledges affecting home prices

SEJONG -- Deputy Prime Minister and Finance Minister Hong Nam-ki raised the possibility that the housing market could be swayed by pledges of presidential candidates, and suggested he would try to block any speculative actions in particular regions via close monitoring. During a meeting of ministers in charge of real estate policies on Wednesday, Hong said there are symptoms that “home prices in some regions have been affected by pledges over large-scale development during the presidentia

LG Electronics mulls Middle East HQ in Riyadh

In the wake of the Saudi Arabian government’s pledge to attract foreign companies to relocate their regional headquarters to its capital city of Riyadh, LG Electronics is being pressured to move in step with other multinational companies. According to LG Electronics and news reports, the tech company dedicated to manufacturing TVs, monitors, laptops and home appliances is considering establishing a regional headquarters to oversee its operations in the Middle East and Africa, covering sa

New Park Hyatt Seoul manager singles out Gen MZ as key players shaping the hotel industry

Park Hyatt Seoul General Manager Andrew Ashdown has fond memories of running room to room as a child in a hotel his parent operated. He has always associated being in a hotel with positive emotions and, as the new general manager of Park Hyatt Seoul, he hopes to provide guests with similarly lasting memories. In doing so, finding connections that inspire millennials and Generation Z is a starting point for creating better content, said Ashdown, who took the post in November, after three years a

Pernod Ricard Korea looks to infuse Korean culture into drinking

French wine, spirit seller eyes fast growing demand for high-end liquor, at-home occasions here

Kang Ha-neul returns as trouble-making swordsman in ‘The Pirates: Goblin Flag’

Kang Ha-neul is returning to the big screen as a trouble-making swordsman in “The Pirates: Goblin Flag” directed by Kim Jung-hoon. Director Kim’s new movie is set in the Joseon era and revolves around a journey by pirates looking for hidden treasures of a Goryeo Kingdom that no longer exists. “When I first read the script, I thought of Muchi (the character played by Kang) as a troublemaker, so it was important for him to stay somewhat hyper most of the time. I thought o

Moonbyul says 'love is a movie' with new EP ‘6equence’

The Mamamoo member puts behind worries, now feels ready to enjoy her work

N.Korea launches two apparent ballistic missiles eastward from Pyongyang

A spate of missile tests serves ‘domestic political and foreign policy purposes,’ analysts say

Construction site safety under scrutiny after Gwangju collapse

Safety inspections took place at major construction sites across South Korea on Wednesday, as the search continued for workers missing in Tuesday‘s collapse of a Gwangju apartment building that was under construction. The Gwangju Metropolitan Government earlier in the day ordered the temporary shutdown on all construction sites in the city run by Hyundai Development Co., the company involved in the accident. HDC, later in the day, suspended work on all of its worksites across the country

Metaverse scramble exposes Samsung's software weakness

Despite stagnant smartphone biz, Samsung still seen tied to mobile while others on race to new market

Mysteries, scandals surround whistleblower’s death

Allegation of proxy legal payment for Lee Jae-myung comes back into public focus