Chey Tae-won, the billionaire behind memory chipmaker SK Hynix Inc., is selling 944 billion won ($700 million) worth of shares in the conglomerate SK Inc., amid what is set to be among South Korea’s most expensive divorces.

KKR & Co.-backed South Korean fashion retailer Musinsa Co. has taken the first formal step toward what could be one of the country’s biggest initial public offerings in years.

SK Hynix Inc.’s union rejected an agreement that would have raised salaries and paid out a portion of bonuses in company shares, Yonhap News reported.

A South Korean regulator fined the country’s largest e-commerce platform, owned by US-listed Coupang Inc., a record 624.7 billion won ($409 million) for a wide-ranging cyber-intrusion that escalated into a diplomatic tiff with the US.

South Korea’s giant pension fund sharply ramped up its allocation target for domestic equities, a move that may help it avoid forced sales of Kospi shares after the recent rally pushed its holdings above the limit.

Korean President Lee Jae Myung said his adviser’s viral post about redistributing profits from the AI boom was meant to start a broader public debate about how a potential tax windfall should be used.

Korean President Lee Jae Myung said his adviser’s viral post about redistributing profits from the AI boom was meant to start a broader public debate about how a potential tax windfall should be used.

A top South Korean policymaker said the nation should pay citizens a “dividend” using taxes on AI profits, underscoring growing pressure to redistribute gains from a boom that’s enriched chipmakers like Samsung Electronics Co. and SK Hynix Inc.

North Korea has amended its constitution to formally give leader Kim Jong Un sole authority over the country’s nuclear arsenal, according to South Korean lawmakers briefed by Seoul’s spy agency.

South Korea has secured hundreds of millions of barrels of crude oil plus fresh naphtha supplies from Kazakhstan, Oman, and Saudi Arabia, to be delivered by routes avoiding the blockaded Strait of Hormuz, the president’s chief of staff said.

The influential sister of North Korean leader Kim Jong Un rejected Japanese Prime Minister Sanae Takaichi’s reported interest in holding a summit with Kim, saying talks wouldn’t happen simply because Japan wants them.

South Korea’s corporate reform drive faces a crucial test as shareholder meeting season enters full swing, with investors demanding concrete steps to revive a world-beating stock rally.

Samsung Electronics Co. and SK Inc. said they plan to cancel a combined 20.8 trillion won ($14.1 billion) of treasury shares, one of the largest such moves by South Korean conglomerates as firms respond to governance reforms aimed at boosting shareholder returns.

South Korean President Lee Jae Myung called for the quick launch of a cap on fuel prices as the government moves to contain a spike in energy costs triggered by escalating conflict in the Middle East.

KKR & Co. will acquire a 348 billion won ($235 million) stake in South Korean renewable energy firm SK Eternix Co., stepping up its climate and environmental investments and underscoring its appetite for dealmaking despite market volatility stemming from the Iran war.

Digital lender K Bank Co. surged in its trading debut as South Korean stocks rebounded from the previous day’s record rout.

South Korea’s parliament approved a long-debated legal revision requiring companies to cancel treasury shares, a key step in the government’s drive to improve corporate governance and boost stock market valuations.

South Korea’s parliament approved a long-debated legal revision requiring companies to cancel treasury shares, a key step in the government’s drive to improve corporate governance and boost stock market valuations.

South Korea’s export-driven economy is expected to post “significantly higher” growth this year compared to last, supported by a chip boom and a stronger-than-anticipated global backdrop, the central bank said.

South Korea’s export-driven economy is expected to post “significantly higher” growth this year compared to last, supported by a chip boom and a stronger-than-anticipated global backdrop, the central bank said.