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Korean household debt estimated to top $1.5 tn

Korean household debt estimated to top $1.5 tn

South Korea’s household debt was estimated to have exceeded $1.5 trillion to reach a record high last month, and tighter monetary policies at ...

OsteoSys pioneers bone densitometer market for lab animals

OsteoSys pioneers bone densitometer market for lab animals

South Korea-based OsteoSys Corp. aims to become the world's leading player in the bone densitometry market backed by its portfolio of high-tech bone...

Korean Air to retire all A380 jets over 5 years; B787 likely replacements

Korean Air to retire all A380 jets over 5 years; B787 likely replacements

Korean Air Lines Co. (KAL) will retire its superjumbo fleet of 10 A380 passenger jets over the next five years, a move the South Korean flag carrier...

Koreans foreign stock holdings jump to record $545.4 bn

Koreans foreign stock holdings jump to record $545.4 bn

South Koreans’ foreign stock holdings jumped 50% to an all-time high as retail investors sought high returns from US shares whose gains ramped...

S.Korean firms start training AI professionals to address talent shortage

S.Korean firms start training AI professionals to address talent shortage

South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...

AI startup Moloco raises near $150 million

AI startup Moloco raises near $150 million

Silicon Valley-based artificial intelligence startup Moloco Inc. has raised around 173.4 billion won ($148.1 million) in a recent funding round led ...

BlackRock Real Assets makes first Korean solar investment

BlackRock Real Assets makes first Korean solar investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired an unspecified stake in Brite Energy Partners ...

BTS producer tops the list of H1 highest-paid Koreans

BTS producer tops the list of H1 highest-paid Koreans

Senior executives of HYBE Co., South Korea's leading K-pop agency, topped the three spots on the first-half list of highest-paid South Koreans, with...

Overseas crypto exchanges end Korean services ahead of rule tightening

Overseas crypto exchanges end Korean services ahead of rule tightening

Overseas cryptocurrency exchanges are ending their Korean services, including language support as well as trading and payments in Korean won, as Sou...

Korean unicorns winning talent war against global IBs

Korean unicorns winning talent war against global IBs

South Korean unicorn startups are soaking up talent from global investment banks (IBs) and brokerage houses. Junior and senior financial market spec...

Vietnam's Masan Group to attract $200 mn from Korean PE

Vietnam's Masan Group to attract $200 mn from Korean PE

Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...

IMM puts Hyundai LNG Shipping on sale

IMM puts Hyundai LNG Shipping on sale

IMM put Hyundai LNG Shipping, South Korea’s top liquefied natural gas (LNG) tanker operator, on sale in a predicted $1.7 billion deal.IMM Priv...

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings

Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...

Passing China, S.Korean shipbuilders hold top spot for three months

Passing China, S.Korean shipbuilders hold top spot for three months

South Korea’s shipbuilding industry has maintained the top position worldwide in new orders for three straight months up to July.According to ...

Korean investors rush to buy Vietnam stocks

Korean investors rush to buy Vietnam stocks

South Korean investors are rushing to buy Vietnamese stocks as the market is showing signs of a recovery. Analysts predicted export-oriented shares ...

Korean chipmakers tumble, wipe out $13 billion in market capitalization

Korean chipmakers tumble, wipe out $13 billion in market capitalization

Shares of South Korea’s two largest chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are slumping on a bearish industry ou...

Korean fabless startups take center stage, attracts VCs

Korean fabless startups take center stage, attracts VCs

South Korean fabless startups have taken center stage, attracting venture capital firms and institutional investors thanks to their advanced technol...

S.Korean telcos accelerate diversification amid strong Q2

S.Korean telcos accelerate diversification amid strong Q2

South Korea’s two largest telecom companies, SK Telecom Co. and KT Corp., have both delivered strong second-quarter results driven by rapid gr...

Mubadala joins GS-led group to buy Korean botox maker

Mubadala joins GS-led group to buy Korean botox maker

Abu Dhabi’s sovereign investor Mubadala Investment Co. joined a consortium led by South Korean GS Group to acquire the country’s top bot...

Korean refiners log $3.4 bn profit on non-refining business

Korean refiners log $3.4 bn profit on non-refining business

South Korean refiners enjoyed a $3.4 billion profit in the first half thanks to strong performance of non-refining business, swinging from a $4.5 bi...

K-pop evolves far beyond Korean nationality and language

K-pop evolves far beyond Korean nationality and language

South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...

Korean pension funds log above-benchmark H1 returns

Korean pension funds log above-benchmark H1 returns

South Korea's major pension funds have posted robust investment returns above their benchmarks in the first half of this year, driven by double-digi...

Korean activist fund KCGI joins in consortium to buy Ssangyong

Korean activist fund KCGI joins in consortium to buy Ssangyong

A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) as a financial invest...

Google’s in-app billing system ignites power play among Korean regulators

Google’s in-app billing system ignites power play among Korean regulators

South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy road due to power pla...

Rubber gloves make Korean petrochemical firms’ Q2 profit soar

Rubber gloves make Korean petrochemical firms’ Q2 profit soar

South Korea’s leading petrochemical makers report their second-quarter sales and operating profit soared, boosted by strong sales of rubber gl...

Sixty pct of S.Koreans see their children poorer than parents

Sixty pct of S.Koreans see their children poorer than parents

Six out of 10 South Koreans believe their children will be financially worse off than their parents, marking the highest number for the country sinc...

Mirae Asset step closer to full-fledged investment bank

Mirae Asset step closer to full-fledged investment bank

Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...

Korean govt to spend $1.9 billion to become world’s leading vaccine maker

Korean govt to spend $1.9 billion to become world’s leading vaccine maker

The South Korean government will invest 2.2 trillion won ($1.9 billion) by 2025 to become a top five vaccine producer in the world. President Moon J...

Korean companies’ race heats up in $2.8 tn global wind farm markets

Korean companies’ race heats up in $2.8 tn global wind farm markets

The global offshore wind power generation equipment market is heating up with cut-throat competition among South Korean companies. The country&rsquo...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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