Game stocks plunge in S. Korea, US
Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...
Korea’s Solus supplies battery copper foil to Tesla
South Korea’s Solus Advanced Materials started supplying battery copper foil to Tesla Inc. in January, becoming the country’s first batt...
S. Korea to track engineers' travel to control tech leaks
South Korea will create a roster of engineers in its core business sectors to monitor their travel in and out of the country. The decision aims to...
SK Hynix develops memory chip with computing capabilities
SK Hynix Inc. has developed a next-generation memory chip with computing capabilities, which the company says will provide solutions for data conges...
Korea battery makers at risk from reliance on China materials
South Korea’s secondary battery makers face a risk from heavy reliance on Chinese raw materials, while the industry has sought measures to ens...
LG's AI designer debuts at New York Fashion Week
South Korean fashion label Greedilous showcased its 2022 Fall-Winter collection on the main stage of the New York Fashion Week on Monday local time....
Online platforms emerge as new battlefield for auto sales in Korea
Visiting a car dealer’s stylish showroom to touch, feel and sometimes test drive a car before purchase has for decades been a rite of passage ...
NCSoft's 2021 profit halves on labor, marketing costs
South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...
KT to join MBK, IMM in Megazone Cloud's $400 mn funding
KT Corp., South Korea's No. 2 telecom operator, has decided to invest 130 billion won ($110 million) in Megazone Cloud Corp., the country's largest ...
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Korea’s YNCC shuts petrochem plant after explosion kills four
YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday afte...
POBA taps former DB Insurance investment head as new CIO
Public Officials Benefit Association (POBA) of South Korea has named Huh Jang, former head of investment at DB Insurance Co. as its new chief inve...
Korea’s 2021 current account surplus misses BOK forecast
South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...
Saudi sovereign wealth fund buys $700 mn stake in NCSoft
Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in South Korea's leading gaming company NCSoft Corp. to become its fourth-...
Korea corporate borrowing costs jump to 8-year peaks
South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...
Singapore approves Korean Air-Asiana combination
Singapore’s antitrust authority approved the integration of Korean Air Lines Co. and Asiana Airlines Inc., paving the way for South Korea&rsqu...
Korea bond yields near four-year highs on extra budget
South Korea’s government bond yields jumped to their highs in almost four years as lawmakers sought to raise a supplementary budget to up to $...
Korea’s reopening stocks shine despite surging Omicron cases
South Korea’s reopening stocks rallied even as the local COVID-19 cases hit record-highs with the spread of the Omicron variant. Investors rai...
Construction Workers taps former Credit Union head as new CIO
Construction Workers Mutual Aid Association (CWMA) has named Lee Seong-yeong as its new chief investment officer and is in the final stage of the no...
Korea’s Point Mobile expands supply deal with Amazon to offline units
Point Mobile Co., South Korea’s top enterprise handheld devices maker, expanded a supply deal with Amazon.com Inc. to offline units of the wor...
Korea Post to invest in overseas data centers and warehouses
Korea Post will increase its alternative investment from 13.6 trillion won ($11.3 billion) at the end-2021 to 16.7 trillion won ($13.9 billion) in 2...
S.Korea urged to embrace nuclear power to go carbon free
The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...
Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea
South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...
Mastern buys Pangyo office landmarks for $834 mn
Mastern Investment Management Co., a Seoul-based real estate investment firm, has acquired Alpharium Tower I and II in Pangyo from ARA Asset Manag...
Money flows rush to safer assets in Korea
South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash management accounts (C...
Kakao to launch webtoon service Piccoma in France
Kakao Corp. announced Sunday that it plans to launch the European version of its webtoon subscription service in either April or May of this year....
Teachers' Pension posts record-high 12% return in 2021
Korea Teachers’ Pension (KTP) has said the rate of return from its investment management in 2021 reached 12%, the highest ever since its inc...
S.Korea’s 2022 inflation may shoot to 11-year peak
South Korea’s inflation this year is expected to accelerate to an 11-year high, adding to expectations of further interest rate hikes later th...
The Korea Economic Daily's index set for ETF market debut
Exchange-traded funds (ETFs) have been solidifying their position in the investment market of Korea for the past years. Individual investors in Sout...
Celltrion, Humasis to ship $300 mn COVID-19 test kits to US
South Korea's biopharmaceutical company Celltrion Inc. and diagnostic kit manufacturer Humasis Co. have signed contracts to supply their jointly-dev...
