The domestic private equity (PE) market in South Korea has been severely impacted by the controversy surrounding MBK Partners, leading to a sharp decline in investor sentiment. Major limited partners (LPs), including the National Pension Service, have completely halted new investments, and the combination of high interest rates and volatility in the domestic stock market has further dampened M&A activities among local PEFs.According to a report released on August 20 by Samjong KPMG, titled 'Glob

Samyang Biopharm surged to its daily limit early in the trading session. Following a significant rise in Moderna's stock price due to the successful results of a Phase 3 clinical trial for its mRNA cancer treatment, investors flocked to Samyang Biopharm, which is considered a related stock.As of 9:10 a.m. on the Korea Exchange, Samyang Biopharm's shares were trading at 56,200 won, up 12,900 won (29.79%) from the previous trading day.On the New York Stock Exchange, Moderna announced that its pati

Hyundai Marine & Fire Insurance is expanding its discounts for car insurance to include vehicles equipped with pedal misoperation prevention devices. The company announced on August 20 that it has added the 'pedal misoperation safety assistance device' to its 'advanced safety device discount policy' for car insurance. This will apply to contracts effective from August 21 onward. Depending on the number of advanced safety devices installed, customers can receive discounts of up to 24.1% on their

As South Korea's inbound tourism market shows a clear recovery due to the easing of visa policies for China, Inspire Entertainment Resort is rapidly establishing partnerships across the inbound sectors of China, Japan, and domestically to attract foreign tourists.Recent statistics from the Korea Tourism Organization and Korea Credit Data (KCD) indicate a significant surge in the number of foreign visitors and card sales, revitalizing the tourism market. The trend in inbound tourism is shifting t

As the 2026 Chuseok holiday approaches, the travel preferences of South Korean tourists heading to Japan are shifting. According to an analysis of booking data from the online travel platform Rakuten Travel, Fukuoka has emerged as the most popular destination for Korean travelers during this holiday period. It is followed by Oita, Hokkaido, Tokyo, Okinawa, and Hyogo. Fukuoka, which ranked third last year, has climbed two spots to take the lead this year. The city's appeal lies in its short fligh

The world's largest unconventional media art festival, 'Seoul Light DDP,' will take place at the Dongdaemun Design Plaza (DDP) from September 3 to 13, according to the Seoul Design Foundation on August 20.The festival will kick off with an opening performance at 7:30 p.m. on September 3, and will be open for free viewing daily from 7:30 p.m. to 10:30 p.m.Under the theme 'K-Original Light,' the festival will highlight the fundamental light of K-innovation, featuring works from Cheongguyeongeon (i

Paik's Coffee, a coffee brand under Dabong Korea, is accelerating its global expansion with the opening of two stores in Tokyo, Japan.Dabong Korea announced on August 20 that it opened its first store in Shinbashi on August 6, followed by a second location in Kanda on August 18. These stores are the first to feature the newly revamped brand identity designed for international markets.Instead of targeting high-traffic tourist areas, the company chose office districts where coffee consumption is m

Seongnam Mayor Shin Sang-jin announced on August 20 that he is renewing insurance for all citizens to support safe use of bicycles and personal mobility devices (PM), emphasizing that citizen safety is the top priority.Mayor Shin stated, "We have signed contracts for the 'Seongnam Citizen Bicycle and PM Insurance' with five insurance companies, including DB Insurance Co., Ltd."The insurance coverage period extends until August 19, 2027, and all Seongnam citizens will automatically be insured wit

NS Home Shopping has launched six new health supplement products under its wellness brand Nwelth and is expanding its sales channels both online and offline, as well as into international markets.On August 20, NS Home Shopping announced the introduction of the new Nwelth products as part of its "National Health Project" series in collaboration with Dr. Yoon Bang-bu, a specialist in family medicine, who contributed to the formulation of the products.The new offerings include the flagship product