S.Korea avoids recession with 0.6% Q2 GDP growth; US tariff impact seen limited

S.Korea avoids recession with 0.6% Q2 GDP growth; US tariff impact seen limited

The South Korean economy returned to firmer footing in the second quarter, expanding 0.6% from the previous three months, as a recovery in exports a...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker

South Korean President Lee Jae Myung has tapped an information technology firm executive as culture minister and a ruling party lawmaker as land min...

BOK chief warns household debt near tipping point, keeps rates steady

BOK chief warns household debt near tipping point, keeps rates steady

Rhee Chang-yong, governor of the Bank of Korea (BOK), warned on Thursday that mounting household debt is now undermining both private consumption an...

NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1

NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1

NH Investment & Securities Co. retained its lead in South Korea’s equity capital market (ECM) in the first half, riding a surge in large-s...

BOK chief warns against aggressive policy rate cuts, sees need for stimulus

BOK chief warns against aggressive policy rate cuts, sees need for stimulus

Bank of Korea Governor Rhee Chang-yong on Thursday signaled a cautious approach to monetary easing, warning that excessive interest rate cuts could ...

Liberal Lee Jae-myung wins election as South Korean president

Liberal Lee Jae-myung wins election as South Korean president

South Korea’s liberal politician Lee Jae-myung has been elected the country's next president. Lee has pledged to revive Asia’s fourth-la...

Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals

Korea’s stablecoin trade at $42 bn; BOK balks at non-bank stablecoin deals

South Korea’s central bank is cautious about non-banks and fintech firms issuing and handling stablecoins amid a global cryptocurrency rally, ...

BOK turns more dovish after 25 bp rate cut; 2025 growth outlook halved

BOK turns more dovish after 25 bp rate cut; 2025 growth outlook halved

The Bank of Korea (BOK) on Thursday cut its benchmark interest rate by a quarter percentage point to 2.5%, citing growing concerns over faltering do...

Bill Clinton in Seoul to meet with MBK's ByungJu Kim, business leaders

Bill Clinton in Seoul to meet with MBK's ByungJu Kim, business leaders

Michael ByungJu Kim, co-founder, partner and chairman of Seoul-based private equity firm MBK Partners Ltd., is set to meet with former US President ...

Hanwha acquires Ourhome for $622 million in push to revive food business

Hanwha acquires Ourhome for $622 million in push to revive food business

South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food service and catering company Ourhome Ltd. for 869.5...

Trump Jr. to visit Seoul next week to meet Korean business leaders

Trump Jr. to visit Seoul next week to meet Korean business leaders

Donald Trump Jr., the eldest son of the US President Donald Trump, is set to visit Seoul next week and meet with Korean business leaders grappling w...

BOK stands pat; rate cut likely within 3 months as economic growth slows

BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Kakao founder Kim to resign as control tower chair

Kakao founder Kim to resign as control tower chair

Kakao Corp. founder Kim Beom-soo, also known as Brian Kim, will step down as chairman of the South Korean tech giant’s top decision-making bod...

Naver to name new CFO as incumbent financial manager's term nears end

Naver to name new CFO as incumbent financial manager's term nears end

South Korea’s tech giant Naver Corp. is expected to soon announce a new chief financial officer as its current CFO Kim Nam-sun, credited for t...

Netmarble to launch new game 'RF Online Next'

Netmarble to launch new game 'RF Online Next'

Netmarble Corp., South Korea’s leading game developer, is slated to roll out “RF Online Next” on March 20, a revamp of the old tit...

MBK commits to restoring Homeplus operations: MBK Vice Chairman Kim

MBK commits to restoring Homeplus operations: MBK Vice Chairman Kim

MBK Partners, facing increasing scrutiny over its highly leveraged acquisition of Homeplus Co., has pledged to go all-out to restore the struggling ...

Bank of Korea cuts rates, growth forecast on Trump tariff policy

Bank of Korea cuts rates, growth forecast on Trump tariff policy

South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fo...

Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role

Hyundai Motor taps ex-CPPIB private equity head Suyi Kim for board role

Hyundai Motor Co. has tapped Suyi Kim, former private equity head of the Canada Pension Plan Investment Board (CPPIB) and Benjamin Tan, an ex-portfo...

Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief

Woori Financial CEO Yim Jong-yong should stay for governance: FSS chief

Woori Financial Group Chief Executive and Chairman Yim Jong-yong should keep his post through to the end of his term and lead the banking group&rsqu...

Shin & Kim’s Jeong Hae Sung named Korea’s most influential M&A lawyer

Shin & Kim’s Jeong Hae Sung named Korea’s most influential M&A lawyer

Jeong Hae Sung, a partner at Shin & Kim, topped the list of South Korea’s 10 most influential M&A lawyers after advising on a total of...

Korean law firms' 2024 revenue soars on M&As, management disputes

Korean law firms' 2024 revenue soars on M&As, management disputes

South Korea’s major law firms saw rapid growth in revenue last year as the economic slowdown sparked business overhauls at top conglomerates, ...

S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast

South Korea’s economy expanded 2.0% last year, falling short of the central bank’s forecast on weaker-than-expected growth in the fourth...

MBK’s ByungJu Kim, UBS’ Kyungin Lee: Most influential in capital market

MBK’s ByungJu Kim, UBS’ Kyungin Lee: Most influential in capital market

Michael ByungJu Kim, co-founder, partner and chairman of Northeast Asia-focused private equity firm MBK Partners Ltd., and Kyungin David Lee, UBS Gl...

BOK lowers growth forecasts to bolster rate cut expectations

BOK lowers growth forecasts to bolster rate cut expectations

South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...

Bank of Korea seen cutting interest rates by 25 bps in January

Bank of Korea seen cutting interest rates by 25 bps in January

The Bank of Korea (BOK) is widely expected to cut interest rates by 25 basis points on Thursday amid the nation's softening economy and moderating i...

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

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...

NPS initiates strategic currency hedging to unleash up to $48.2 billion

NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

Korea sharply cuts 2025 growth forecast, opens door for extra budget

Korea sharply cuts 2025 growth forecast, opens door for extra budget

South Korea sharply lowered its economic growth forecast for this year amid the prolonged political turmoil following President Yoon Suk Yeol’...

S.Korea’s c.bank chief sees limited impact of political turmoil on economy

S.Korea’s c.bank chief sees limited impact of political turmoil on economy

South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...

Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim

The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...

IMM joins $600 mn fund for K-beauty unicorn Goodai Global in M&A drive Blackpink’s Jump music video achieves 100 mn YouTube views Seoul signals agricultural market access on tariff talks table amid intensifying US trade pressure Korea’s top four financial holding firms post stellar Q2 profit on won, non-interest gains KB Asset poised to buy Signature Tower in Seoul for over $700 mn