Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

Bird flu in Brazil hikes wholesale chicken prices in Korea

South Korea has suspended chicken imports from Brazil following the outbreak of highly pathogenic avian influenza (HPAI) in the South American count...

S.Korea’s NPS to double pension fund size by 2050, hike risky assets

South Korea’s National Pension Service (NPS) is projected to nearly double its fund size to 3,500 trillion won ($2.38 trillion) by 2050, follo...

Trump-driven energy boom spurs Korean firms to hike US gas investments

WOODFORD, Oklahoma – A shale gas field in Woodford, Carter County was bustling with activity on Feb. 25.A team of engineers oversaw the drilli...

MBK Partners’ vice chair vows to hike Korea Zinc’s value to $20.6 billion

The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has b...

POSCO Holdings unveils aggressive value-up plan, hike in cash dividends

South Korea’s steel-to-battery materials conglomerate POSCO Group on Monday unveiled a spate of corporate value-up measures, including a highe...

Koreans' yen savings fall on profit-taking despite BOJ rate hike views

Yen-denominated deposits in South Korea fell in November, dragging down overall foreign-currency savings, as investors took profits from the Japanes...

Kia vows to drastically raise shareholder returns, hike EV, hybrid sales

Kia Corp., South Korea’s second-largest automaker, plans to drastically raise its shareholder return rates to bolster shareholder value. The c...

Koramco to open office next to NPS for property investment partnership

Koramco Asset Management Co. will open a liaison office next to South Korea’s National Pension Service (NPS) to bolster cooperation with the w...

South Korea to extend export missile range from 300 km to 500 km

South Korea has decided to extend the range of missiles for export to 500 kilometers from the current 300 km after accepting requests to do so from ...

Hyundai, Kia to hike prices of low-cost EVs for profitability

Hyundai Motor Group, the world’s third-largest carmaker, plans to increase prices of the existing low-cost electric vehicles in the second hal...

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...

NPS to hike risky asset purchases under simplified allocation system

The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under whi...

Coupang to raise membership fees, 1st hike in over 2 years

Coupang Inc., South Korea’s largest e-commerce platform, said on Friday it will raise membership fees 58.1% to 7,890 won ($5.7) per month as i...

S.Korean government seeks to lower streaming service rates

The South Korean government is seeking to lower the country’s video streaming service, or over-the-top (OTT) media service, rates as part of i...

Korean steelmakers to raise prices further

South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut losses amid surging ...

KIST develops wearable robot for hiking assistance

The Korea Institute of Science and Technology (KIST) announced on Thursday that it has developed a lightweight wearable robot called Moonwalk Omni, ...

Korea’s besieged mobile carriers grapple with OTT players’ rate hikes

South Korea’s telecommunications companies, besieged by the onslaught of foreign over-the-top (OTT) players such as Netflix and YouTube, are g...

MBK raises Hankook bid price, asks FSS to probe Cho's stock purchase

The sibling rivalry for control of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Techno...

More Koreans seek high-yield bond funds, betting the Fed will end hikes

South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...

Yen hits 15-year low vs Korean won on less hawkish BOJ

The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...

Digital infrastructure as essential as water today: asset managers

Digital assets are important components of change in the infrastructure investment landscape today and are as essential as water and electricity, ex...

Korea Inc.’s record short-term borrowing raises specter of debt overhang

South Korea’s short-term corporate loan growth is picking up at a fast pace, stirring concern among some analysts who see parallels to the 200...

Brookfield puts Conrad Seoul on market at over $370 mn

Brookfield Asset Management is seeking to sell off five-star hotel Conrad Seoul at more than 500 billion won ($369.5 million), tapping real estate i...

Korea’s battery trio aims to outsmart Chinese rivals in US

South Korea’s three major battery makers — LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. — recently came under renewed pr...

Hyundai to hike Exter SUV output to capitalize on void in India

Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...

Korean financial markets tumble as Fed signals higher rates

South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year a...

KEPCO's new CEO heralds electricity rate hikes, drastic reforms

South Korea’s near-monopoly power company Korea Electric Power Corp. (KEPCO) is expected to raise electricity rates and lessen its outsized re...

Samsung hikes memory chip prices on depleting client inventories

There are signs of a memory chip market recovery, particularly in the mobile DRAM chip segment, although demand for personal computer chips remains ...

Hyundai Glovis to raise car shipping rates amid vehicle carrier shortage

Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to raise vehicle shipping rates considering the sharp rise ...