US anti-dumping duties add to Korean tire makers' woes

US anti-dumping duties add to Korean tire makers' woes

The US trade body’s approval of anti-dumping tariffs on tire imports from South Korea, Taiwan and Thailand is adding to the woes of Korea&rsqu...

Service marketplace Soomgo raises nearly $30 mn in Series C round

Service marketplace Soomgo raises nearly $30 mn in Series C round

South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...

Bank of Korea governor sends stronger signal to raise rates this year

Bank of Korea governor sends stronger signal to raise rates this year

South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss ...

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...

Korea’s major tire makers to raise prices as rubber supply tightens

Korea’s major tire makers to raise prices as rubber supply tightens

South Korea’s three leading tire makers are set to raise prices of commercial and passenger vehicle tires on growing demand from automakers an...

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Motor Co.’s Santa Fe hybrid has earned higher ratings than Toyota Motor Corp.’s Highlander, one of its strongest rivals, in an e...

Bank of Korea governor flags rate hike as economy improves

Bank of Korea governor flags rate hike as economy improves

South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...

Inflation fears spread in S.Korea amid wage hikes

Inflation fears spread in S.Korea amid wage hikes

Inflation figures have entered a rising trend in South Korea amid ongoing competition across industries for higher wages. The country’s expect...

Memory chip shortage may drive SSD price hike in Q2

Memory chip shortage may drive SSD price hike in Q2

Chip shortages have hit the memory segment of the industry and are likely to have a price impact on solid-state drives (SSDs), storage devices typic...

Korea Ratings forays into online due diligence for alternatives

Korea Ratings forays into online due diligence for alternatives

South Korea’s leading credit rating and business valuation services provider, Korea Ratings, has stepped into the online due diligence service...

POSCO's lithium reserves in Argentina soar to $31 bn

POSCO's lithium reserves in Argentina soar to $31 bn

The value of lithium reserves at a salt lake in Argentina, which South Korean steelmaker POSCO acquired for $280 million in 2018, is estimated to ha...

S.Korea’s birth rate decline accelerates to world’s lowest

S.Korea’s birth rate decline accelerates to world’s lowest

The average birth rate in South Korea dropped to a fresh low of 0.84 last year, the world’s lowest, which population experts said will unlikel...

Korean firms rush to tap bond market ahead of rate hikes

Korean firms rush to tap bond market ahead of rate hikes

New corporate bond issuance in South Korea is on course to hit 9.2 trillion won ($8.3 billion) in February of this year, the highest amount issued f...

Korean shipbuilders to hike newbuilding prices; Daewoo eyes $1 bn deal

Korean shipbuilders to hike newbuilding prices; Daewoo eyes $1 bn deal

South Korea’s major shipbuilding companies are set to benefit from rising newbuilding prices, brightening the outlook for an improvement in th...

Surging freight rates, bulker shortages squeeze Korean importers

Surging freight rates, bulker shortages squeeze Korean importers

Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind ...

SK's US battery arm sells $1 bn green bonds at lower rates

SK's US battery arm sells $1 bn green bonds at lower rates

The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...

BOK governor warns of abrupt stock market correction; holds rate steady

BOK governor warns of abrupt stock market correction; holds rate steady

South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...

Hanwha Life to further tap into interest rate derivatives

Hanwha Life to further tap into interest rate derivatives

Hanwha Life Insurance Co., South Korea’s No. 2 life insurer, will make active use of derivatives and structured products to hedge against inte...

Samsung Electronics to raise image sensor output to overtake Sony

Samsung Electronics to raise image sensor output to overtake Sony

Samsung Electronics Co. is switching one of its DRAM chip fabrication lines to boost production of image sensors used in smartphones and other gadge...

BOK raises growth view as it holds rate, warns against V-shaped recovery

BOK raises growth view as it holds rate, warns against V-shaped recovery

The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...

Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035

Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035

South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...

How the Biden win will affect the won-dollar exchange rate

How the Biden win will affect the won-dollar exchange rate

The won-dollar exchange rate, which has been declining since the breakout of the COVID-19 pandemic, is falling faster since Joe Biden was elected as...

Korean firms face triple whammy of soaring KRW, freight rates, Biden

Korean firms face triple whammy of soaring KRW, freight rates, Biden

South Korea’s major companies are facing a triple whammy of challenges — a stronger Korean currency, soaring seaborne and air freight rate...

S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn

S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn

South Korea's foreign exchange reserves rose for a seventh straight month to a fresh record high in October due to gains in non-dollar assets and incr...

Bank of Korea keeps rate steady at record low; signaling no further action

Bank of Korea keeps rate steady at record low; signaling no further action

The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

South Korean financial regulators are considering introducing flat-rate underwriting fees for initial public offerings, in a move seen aimed at coolin...

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

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...

Korean ESS companies ramp up overseas business eyeing 40% revenue hikes

Korean ESS companies ramp up overseas business eyeing 40% revenue hikes

South Korean tech heavyweights Samsung SDI Co. and LG Chem Ltd. are expected to expand their market share as they secure hefty energy storage system (...

Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold

Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold

The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...

Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement