Korea October current account surplus tumbles as exports slide

South Korea’s current account surplus plunged as exports fell for a second straight month, adding to concerns over a slowdown in Asia’s ...

Korea's foreign exchange reserves last month see first rise in 4 months

Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...

BNK Capital launches operations at Kyrgyzstan subsidiary

Korea's loan and financing company BNK Capital on Thursday said its subsidiary in Kyrgyzstan, MCC BNK Finance LLC, has launched operations as its si...

Korea inflation at 7-mth low; BOK may slow rate hike pace

South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...

Industrial Bank of Korea provides Silicon Valley-style financing for startups

Industrial Bank of Korea (IBK) on Friday launched the IBK Venture Loan, which provides bridge loans to promising startups struggling to borrow funds...

Korea won near 5-mth high as Powell signals slower hikes

The South Korean won currency hit a near 5-month high on Thursday as US Federal Reserve Chairman Jerome Powell suggested a slowdown in its tightenin...

Average household debt in South Korea exceeds $69,000 so far this year

The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...

Korea exports dip for 2nd month, growth slows to 1-year low

South Korea’s exports reported a decline for a second straight month in November on sluggish semiconductor sales, darkening the outlook for As...

HYBE and Kakao Games to be released from mandatory escrow this month

The Korea Securities Depository said on Wednesday that 225.5 million shares of a total of 58 listed stocks registered as mandatory escrow will be li...

Korean unlisted stock bubble bursts as interest rates rise

Kurly Inc., Dunamu Inc. and other major South Korean unlisted stocks plunged as the fallout on asset prices from rising interest rates extended into...

Korean overseas card spending near 3-year high on resurgence in travel

Overseas card spending by residents in South Korea rose to a nearly three-year high in the third quarter as international travel surged with countri...

KEPCO raises $368 mn via bond issuance on heated demand

Korea Electric Power Corp. (KEPCO) saw on Nov. 27 around 1.7 trillion won ($1.3 billion) worth of investor bids for its bond issuance targeting 400 ...

Korea to reform market rules to boost foreign investment

South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...

Young Poong Precision emerges as key to Korea Zinc control; shares surge

Shares of Young Poong Precision Corp. are flying high as the company is emerging as the key to the control of Korea Zinc Co., which in turn is the c...

BOK takes 25-bp rate hike as won rebounds against dollar

South Korea’s central bank raised the base interest rate by 25 basis points to 3.25% during its monetary policy board meeting on Nov. 24, slow...

Korea to revise dividend policy to ease ‘Korea discount’ concerns

South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...

Corporate confidence in South Korea hits 23-month low

Business sentiment among South Korea's companies has fallen to its lowest level in 23 months, as worsening business conditions mainly in the non-man...

South Korea's total fertility rate falls under 0.8 in 3rd quarter

South Korea's birth rate in the third quarter this year set another all-time low of under 0.8, and the national population consequently declined f...

OECD cuts Korea's economic growth forecast for next year to 1.8%

The Organisation for Economic Development and Co-operation (OECD) has cut its forecast for South Korea's economic growth next year to 1.8%, down fro...

KEPCO turns from bonds to banks for money on govt plans

Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...

BOK may increase rate by only 25 bps this week as won rebounds

South Korea’s central bank is likely to raise interest rates by only 25 basis points this week as its won currency may have bottomed out, easi...

Kim Jong-un appears with daughter in public for first time

North Korean leader Kim Jong-un has unveiled for the first time his second child, daughter Ju-ae, who was born in 2013.The Korean Central News Agenc...

Nearly half of South Korea's economists urge repeal of inheritance tax

Nearly half of South Korea's economists want the inheritance tax abolished, according to a survey.The Korea Economic Association on Thursday release...

Korean exporters suffer FX derivate losses on weak won

More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...

Korea won sees best day in nearly 14 yrs, may be climbing from bottom

The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...

HMM’s shares undervalued despite $12.5 billion in cashable assets

South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range for a protracted period despite its spectacular earn...

KDI cuts Korea growth forecast, urges gradual rate hikes

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

Lotte to spend $651 mn to save affiliate from Legoland woes

Lotte Group is set to inject a total of $651 million through its chemical units to save a construction affiliate from the fallout of a debt default ...

Korea’s job growth at 11-month low deepens economic woes

South Korea’s job growth in October fell for a fifth consecutive month to the lowest in eleven months, boosting concerns over a slowdown in As...

Korea won hits 2-month high on US election, China hopes

The South Korean won on Wednesday hit a two-month high on expectations that a victory by the Republicans in the US midterm elections may slow the Fe...