Hyundai to boost India presence via takeover of GM plant

Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...

Foreign investors net buyers of Korean stocks for 5th straight month

Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...

S.Korea to establish voluntary carbon credit exchange

South Korea will introduce a voluntary carbon market (VCM) later this year, which is expected to broaden the scope of carbon credits and speed up ef...

S.Korea-Indonesia central banks renew currency swap agreement

Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...

KT&G’s hidden saviors in activist fight: In-house funds

KT&G Corp., the world’s fifth-largest tobacco maker, will likely get support from in-house shareholders in a battle against activist funds...

Celltrion ex-Chairman Seo set to return to management; group stocks rally

South Korea’s biosimilar giant Celltrion Group’s founder and Honorary Chairman Seo Jung-jin is readying to return to management just two...

S.Korea's NPS likely to log 8.2% loss for 2022, record-low return

South Korea’s National Pension Service (NPS) is expected to post a negative return of 8.2% for 2022, according to its preliminary report on Th...

Korea SMEs, Startups Agency cooperates with India's IIT

The Korea SMEs and Startups Agency announced on Monday that it had signed a business agreement with the Foundation for Innovation and Technology Tra...

S.Korean firms with focus on emerging Asia to shine

South Korean companies with a large proportion of sales to emerging Asia are expected to shine in the stock market this year as their revenue from t...

KT&G potential target of aggressive activist shareholder

KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hed...

Will CATL’s bargain sales hurt Korean EV battery makers?

China’s Contemporary Amperex Technology Co. (CATL), the leading global electric vehicle battery manufacturer, has started a price war in the w...

Stock inflows to Korea slow on weak currency, valuation

A weaker South Korean currency and worries about valuation have deterred foreign investors’ appetite for local shares, casting expectations of...

HYBE not to raise tender offer price for SM Entertainment

HYBE Co., the label behind the world’s top boyband BTS, said it does not plan to raise its buying price for SM Entertainment Co., denting hope...

Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up

Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...

Korean PE firm STIC to buy stake in copper foil maker Iljin

South Korean private equity firm STIC Investments is poised to become the second-largest shareholder of Iljin Materials Co., a Kosdaq-listed battery...

KB Securities launches AI-based RoboNews on US stocks

South Korea's KB Securities announced the launch of KB RoboNews on Monday, a cutting-edge artificial intelligence (AI) service that provides insight...

Hankook Tire to supply exclusive tires for Formula E in India

Hankook Tire & Technology said on Friday that it will serve as the exclusive supplier and official partner of Formula E's 2023 Greenco Hyderabad...

S.Korea doubles undocumented overseas remittance limit to $100,000

South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...

Binance acquires majority stake in S.Korea's crypto exchange Gopax

Binance, the leading cryptocurrency exchange globally, has acquired a majority stake in South Korea's Gopax by purchasing CEO Lee Joon-haeng's 41.2%...

Individual investors in S.Korea betting on stock market's decline

Despite South Korea's Kosdaq stock market growing this month following the "January rally," individual investors in the country are still betting on...

Korea seeks legal system for independent equity research firms

South Korea is set to establish a legal system for independent equity research providers this year to protect individual investors, who could be dam...

S.Korean biotech firm Genesystem to bring molecular testing to India

Genesystem, a South Korean biotech firm specializing in on-site molecular testing platforms, announced on Tuesday its entry into the Indian market t...

Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

S.Korea's online K Bank withdraws plan for Kospi listing

South Korea's K Bank has withdrawn its highly anticipated plan to hold an IPO this year in the judgement of a lower corporate value due to the slugg...

Korea Exchange seeks to extend derivatives trading hours

South Korea’s bourse operator is seeking to extend derivatives trading hours by opening the market 15 minutes earlier at 8:45 am and allow for...

Korea Exchange acquires market operator license in Singapore

Korea Exchange (KRX) on Thursday said it has received a "Recognized Market Operator" (RMO) license from the Monetary Authority of Singapore (MAS), a...

Bank's retirement pension soars 15% to $107 bn last year

Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...

S.Korean stock issuance volume declines 24% in 2022

The volume of stock issuance in South Korea declined sharply last year due to the softening stock market. Amid rising interest rates, the amount of ...

Mirae Asset sees 100-fold jump in deposits 15 years after entering India

South Korea's Mirae Asset Global Investments on Wednesday marked the 15th anniversary of its incorporated company in India that now has 21 trillion ...

Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years

South Korea-based Lotte Confectionery Co. will invest  4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...