S. Korea's foreign currency deposits hit record high on weaker dollar

Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $...

Samsung shares hit historic high as foreign investors scoop up net $2.3 bn

Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...

S. Korea's fiscal deficit tops $90 bn; public debt hits record high

South Korea's fiscal deficit in September has pushed the annual shortfall to over 100 trillion won ($89.6 billion) with public debt reaching an all-ti...

Celltrion’s Q3 earnings beat market consensus to hit record high

South Korean biosimilar maker Celltrion Inc's operating profit topped market expectations by more than 20% in the third quarter, hitting a record high...

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...

Once high-flying bio stock hit by financial scandal

Helixmith Co., once No.2 stock on the junior Kosdaq market, has lost 40% in the past week following its disclosure of $233 million investment in high-...

Korean won hits 19-month high; all eyes on US election

The South Korean won is riding high against the dollar amid expectations of a new US stimulus package, as presidential candidate Joe Biden’s lik...

Korean ATM maker hits jackpot abroad in cashless society

Sberbank of Russia, the country's No.1 bank, unveiled its cutting-edge automated teller machine (ATM) last month in a virtual event. The newly reveale...

Korean IPOs lose steam as Big Hit shares plummet

Big Hit Entertainment Co., the South Korean entertainment agency behind global sensation BTS, saw its shares drop by as much as 22% on Oct.16, the sec...

BTS label Big Hit trims gains after strong debut

Big Hit Entertainment Co., the label behind K-pop boyband sensation BTS, nearly halved its initial gains by the close of its first day of trading Oct....

Big Hit scores second-highest IPO subscription ever at $50.4 bn

Big Hit Entertainment Co., the label behind global boy band sensation BTS, pulled in 58.4 trillion won ($50.4 billion) with shares oversubscribed by 6...

BTS label Big Hit prices IPO at top end of range at $115

Big Hit Entertainment Co. has priced its public share offering at the top end of its proposed range at 135,000 won ($115), with bids outnumbering offe...

Foreign cloud service providers led by Amazon, MS play big in Korea

Global cloud service providers such as Amazon Web Services (AWS) are taking a greater share of South Korea’s serverless computing market, where ...

BTS' Big Hit focuses on sustainable fandom-based business model

Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...

BTS label Big Hit’s caginess upsets investors ahead of IPO bookbuilding

Big Hit Entertainment Co., home to the seven-member boy band BTS, is set to hold its first official IPO-related conference for South Korean institutio...

S. Korea’s big companies rattled by retail investors’ growing influence

South Korea’s big companies such as Samsung, LG and Hyundai often make shareholder-friendly moves to accommodate institutional investors, who fl...

Korea’s big data companies eye IPOs as investors flush with cash

Tech investors are set to be deluged with initial public offerings as South Korea’s big data companies are pushing to list their shares amid a d...

Kakao Games shares hit upper limit for two consecutive days, further fueling IPO hype

Kakao Games Corp. shares reached the daily upper limit for the second consecutive day on Sept. 11, pushing the company to the third place on KOSDAQ wi...

Big Hit kicks off IPO as BTS single 'Dynamite' blows up Billboard

South Korean entertainment company Big Hit Entertainment Co. is expected to raise up to 1 trillion won ($842 million) in its upcoming public offering,...

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...

Corporate bankruptcy filings hit all-time high in Korea amid global pandemic

Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...

Korean retail investors' offshore stock purchases hit record high in July

South Korean individuals purchased a record amount of shares in overseas markets last month as they looked beyond the local bourse for bigger returns....

Korea’s leading EV battery makers’ R&D spending hits record $1 bn in H1

South Korea’s three leading electric-vehicle (EV) battery makers are investing heavily in EV research & development projects to gain ground ...

Merger reviews hit record high in H1 with 424 cases worth $125.5 bn

The number of merger reviews has hit a record high in Korea for the first half of the year, with 424 filings made to the Korea Fair Trade Commission (...

Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen

South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...

Kospi's 12-month P/E ratio hits a 13-year high

Kospi has posted a 13-year high with 12-month forward price-earnings ratio recording 12.84 times on August 6, according to financial data provide...

[Upcoming IPO] BTS label Big Hit’s IPO expected to raise around $840 mn

Investors are expecting Big Hit Entertainment to pull in the highest subscription demand for public shares during the initial public offering process ...

[Economy] Korea exports drop by 16.6% hitting the lowest in 56 years

South Korea's exports have plunged 16.6% during the second quarter, hitting the lowest record in 56 years since the fourth quarter of 1963 when it fel...

Unsold corporate bonds may hit a record-high in seven years

Institutional investors are becoming wary of investing in Korean corporate bonds due to uncertainties caused by the coronavirus. As of July 20, t...