Goldman Sachs is seeking to acquire a controlling stake in Tmap Mobility, operator of Korea’s leading navigation app, from SK Square by the end of this year, seeing an investment opportunity in its lower valuation and vast trove of mobility data as autonomous driving advances, industry sources said Friday. For SK Square, SK Group’s investment arm and the largest shareholder of SK hynix, the sale is part of a broader strategy to focus on artificial intelligence (AI) and semiconductors. The global investment bank is looking to invest between 600 billion won ($450 million) and 800 billion won to secure a 60 to 70 percent stake in Tmap Mobility. It is in talks to buy shares from SK Square, the largest shareholder with a 63.23 percent stake, as well as other financial investors, including Affirma Capital and EastBridge Partners, which each hold 9.83 percent, and KB Kookmin Bank, which owns 6.39 percent. Tmap Mobility traces its roots to a navigation service launched by SK Telecom in 2002. The telecom operator spun off its mobility business into a separate company in December 2020, and Tm

Growing volatility in the Korean stock market is prompting investors' attention to U.S. dividend-paying stocks, with some seeking regular income rather than relying solely on stock price gains, market watchers said Friday. One option is the Dow Jones U.S. Dividend 100 Index, which tracks 100 U.S. companies selected for their dividend records and financial strength. To qualify, companies must have paid dividends for at least 10 consecutive years. They are also assessed on their five-year dividend growth, return on equity and debt relative to cash flow. The index includes companies from a range of industries, including energy, consumer staples and health care. In Korea, Mirae Asset Global Investments' TIGER U.S. Dividend Dow Jones exchange-traded fund (ETF) had 4.56 trillion won ($3.41 billion) in net assets as of Thursday, making it the largest locally listed ETF tracking the index, according to the asset manager. Some asset managers are taking the strategy a step further by combining dividend-paying stocks with covered-call options, a strategy in which an investor sells call options on s

The global popularity of Korean culture continues to grow, with K-pop, dramas, food and beauty products reaching audiences around the world. For some foreign nationals, that appeal goes beyond consumption. An increasing number of foreign entrepreneurs are turning their interest in Korean culture into business opportunities, finding new ways to bring the country's cultural assets to global markets. Yet starting a business in a foreign country comes with challenges, from unfamiliar administrative systems to differences in business culture. The Korea Times spoke with foreign entrepreneurs behind two businesses seeking to bring Korean culture to global markets, exploring the opportunities and challenges they have encountered along the way. Bringing K-dramas to European audiences French nationals Christophe Diez and Jeanne Dubresson are working to connect Korean content producers with overseas viewers through the streaming app Kyool. Diez's interest in Korea began in 2015, when he came across a Korean romantic comedy series while developing new stories. The project led him to explore Korean cul

JB Financial Group brought together strategic partners at its annual forum to expand cooperation in artificial intelligence (AI) and fintech, the company said Thursday. The group held its second annual JB Forum from last Friday to Saturday at its campus in Jeongeup, North Jeolla Province, with 14 partners from Korea and abroad participating. Held under the theme "Navigating Tomorrow," the two-day forum featured strategic partners including Finda, Upstage, Aigen Global, Higher Diversity and MediArk, which shared business developments and discussed potential areas of collaboration. JB Financial has made strategic investment in 17 companies so far, expanding its focus this year beyond domestic and overseas fintech firms to include AI and digital assets. Four companies joined its partner network this year including Upstage, Streami, U.S.-based AI security firm CipherData and Higher Diversity. Participants shared developments from the past year and discussed how AI could reshape financial services and workplace practices. The forum also featured demonstrations of physical AI, with humanoid robo

Fines and stricter regulations are no panacea for a growing wave of suspected artificial intelligence (AI)-assisted cyberattacks targeting Korea's financial sector, a cybersecurity expert said Thursday, calling for a government task force to overhaul the country’s cybersecurity defenses. "Humans simply cannot keep up with AI agents' hacking threats. The entire paradigm of cybersecurity has changed, requiring both the government and the private sector to rethink how they defend against cyberattacks," Lim Jong-in, chair of the AI committee at Soongsil University, said in a phone interview with The Korea Times. Lim, a former presidential special adviser on cybersecurity, called for the launch of a presidential office-led task force to coordinate responses to AI-driven threats, warning that such attacks will become more sophisticated. His warning comes as suspected AI-assisted cyberattacks ripple through Korea's financial sector, spreading from commercial banks to brokerages and cryptocurrency exchanges. Brokerage firm Daishin Securities, cryptocurrency exchange Bithumb and asset manager M

The U.S. Federal Reserve's hawkish decision to hold interest rates steady has strengthened the case for the Bank of Korea (BOK) to raise its benchmark rate as early as next month, as stronger-than-expected growth and persistent inflation reinforce the need for further monetary tightening, analysts said Thursday. The Fed kept its benchmark interest rate unchanged at 3.75 to 4 percent on Wednesday (local time), but signaled that inflation remains elevated and reaffirmed its commitment to bringing inflation back to its 2 percent target. The decision has kept markets focused on the possibility of another Fed rate hike in December, raising the prospect that the BOK could pursue further tightening before its U.S. counterpart makes its next move. The BOK held its benchmark rate at 3 percent at its rate-setting meeting last Thursday, saying it needed more time to assess domestic and external economic conditions and the effects of two previous rate hikes. Recent economic data have strengthened the case for further tightening. Korea's real gross domestic product grew 1 percent in the third quarter

Korea's economy expanded 1 percent in the third quarter from the previous quarter, extending its stronger-than-expected growth on the back of booming semiconductor exports, the Bank of Korea (BOK) said Tuesday. After exceeding expectations in the first and second quarters, the economy continued to outperform forecasts in the third quarter, putting annual growth within reach of 3 percent, with some saying it may even reach up to 4 percent. Preliminary data from the central bank showed that real gross domestic product (GDP) rose 1 percent in the July-September period, significantly exceeding the BOK's own projection of 0.3 percent for the quarter. The country's quarterly growth rebounded sharply to 1.8 percent in the first quarter from a 0.1 percent contraction in the fourth quarter of 2025, before standing at 0.6 percent in the second quarter, also beating expectations. In the third quarter, facilities investment rose 4.1 percent, mainly on increased investment in machinery, including semiconductor manufacturing equipment. Investment in intellectual property products grew 2.3 percent as s

Korea's economy is growing on the back of a semiconductor export boom, but consumers aren't feeling the benefits. Private consumption fell 0.2 percent in the third quarter from the previous quarter, marking its first decline since the second quarter of 2023, according to preliminary data on third quarter economic growth from the Bank of Korea (BOK), Tuesday. Private spending growth had already slowed from 0.6 percent in the first quarter to 0.4 percent in the second before turning negative in the third. Spending declined for both goods, including cars and home appliances, and services, such as financial and dining services. The decline came even as the economy expanded 1 percent in the third quarter from the previous quarter, exceeding the central bank's forecast of 0.3 percent. Weak private spending stood in contrast to stronger headline growth driven by robust semiconductor exports. While the export boom has lifted overall economic growth, its benefits have yet to result in a stronger recovery in domestic consumption. The BOK attributed the decline in private consumption partly to a drop

Korea's economy expanded 1 percent in the third quarter from the previous quarter, extending its stronger-than-expected growth on the back of booming semiconductor exports, the Bank of Korea (BOK) said Tuesday. After exceeding expectations in the first and second quarters, the economy continued to outperform forecasts in the third quarter, putting annual growth within reach of 3 percent, with some saying it may even reach up to 4 percent. Preliminary data from the central bank showed that real gross domestic product (GDP) rose 1 percent in the July-September period, significantly exceeding the BOK's own projection of 0.3 percent for the quarter. The country's quarterly growth rebounded sharply to 1.8 percent in the first quarter from a 0.1 percent contraction in the fourth quarter of 2025, before standing at 0.6 percent in the second quarter, also beating expectations. In the third quarter, facilities investment rose 4.1 percent, mainly on increased investment in machinery, including semiconductor manufacturing equipment. Investment in intellectual property products grew 2.3 percent as s