Korean banks to cut corporate loans for profitability

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
Scope
Date
~
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...
Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...
South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...
US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...
South Korea's low-cost carrier (LCC) Jin Air announced on Wednesday that it received an A in the Sustinvest ESG (Environmental, Social, Governance) ...
Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...
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...
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...
South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Global chip packaging equipment manufacturers are enjoying surging demand and skyrocketing share prices thanks to the rapid growth of the artificial...
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
LG Display Co., the world’s top organic light-emitting diode (OLED) TV panel maker, is raising the stakes in Tandem OLED technology to stay ah...
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...
South Korea's convenience store chain E-Mart24 Inc. announced on Sunday that it opened its first store in Boeung Keng Kang, a bustling district of P...
LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, is entering the liquefied natural gas transportation business wit...
South Korea’s promising beauty and healthcare device startups are looking to go public on the domestic bourse to scale up after gaining popula...
Hanwha Q Cell Co., better known as QCells in overseas markets, has signed a solar panel supply and partnership agreement for energy storage system (...
Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday that it has recently opened its sixth and seventh stores i...
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Korean banks to cut corporate loans for profitability
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
Jun 30, 2024 (Gmt+09:00)
South Korea sets sights on fostering EDA tech to win HBM chip war
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...
Jun 28, 2024 (Gmt+09:00)
Hanwha’s Flexell Space to supply satellite solar cell to Terran Orbital
Flexell Space, an in-house space solar cell-developing startup under South Korea’s Hanwha Systems Co., will supply its tandem flexible batteri...
Jun 28, 2024 (Gmt+09:00)
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
Jun 28, 2024 (Gmt+09:00)
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
Upstage, Amazon to cooperate on AI solutions
Upstage, South Korea’s artificial intelligence startup, announced on Thursday that it signed a multi-year strategic collaboration agreement (S...
Jun 28, 2024 (Gmt+09:00)
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
Jun 27, 2024 (Gmt+09:00)
Woori Financial, Natixis to manage global private equity fund
South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...
Jun 27, 2024 (Gmt+09:00)
SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn
South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...
Jun 27, 2024 (Gmt+09:00)
Amazon to back K-Beauty’s broader global reach
US e-commerce juggernaut Amazon.com Inc. will offer South Korean cosmetics producers one-stop support to enable them to reach millions of customers ...
Jun 26, 2024 (Gmt+09:00)
Jin Air earns Sustinvest ESG A grade
South Korea's low-cost carrier (LCC) Jin Air announced on Wednesday that it received an A in the Sustinvest ESG (Environmental, Social, Governance) ...
Jun 26, 2024 (Gmt+09:00)
Korean Air named Skytrax world's top 100 airlines
Korean Air Lines Co. and Asiana Airlines Inc. have been selected for the 2024 World Airline Awards by UK-based aviation consultancy Skytrax on June ...
Jun 26, 2024 (Gmt+09:00)
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...
Jun 26, 2024 (Gmt+09:00)
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
LG Uplus launches generative AI ixi-GEN
South Korean major mobile carrier LG Uplus Corp. officially launched its generative artificial intelligence model ixi-GEN on Tuesday, joining its bi...
Jun 25, 2024 (Gmt+09:00)
Hanwha Life Financial Services gets A+ credit rating
South Korea's Hanwha Life Financial Services said on Tuesday it received an A+ (Stable) credit rating from Korea Ratings, becoming the first domes...
Jun 25, 2024 (Gmt+09:00)
Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Jun 25, 2024 (Gmt+09:00)
Booming AI industry boosts chip packaging equipment makers
Global chip packaging equipment manufacturers are enjoying surging demand and skyrocketing share prices thanks to the rapid growth of the artificial...
Jun 24, 2024 (Gmt+09:00)
Korean seafood giant Sajo acquires Foodist for $181 million
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
Jun 24, 2024 (Gmt+09:00)
LG Display bets big on Tandem OLED in AI computing era
LG Display Co., the world’s top organic light-emitting diode (OLED) TV panel maker, is raising the stakes in Tandem OLED technology to stay ah...
Jun 24, 2024 (Gmt+09:00)
HD KSOE eyes $3.4 bn worth of orders from France's CMA CGM
South Korea’s largest shipbuilder, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), is eyeing around $3.4 billion worth of orde...
Jun 24, 2024 (Gmt+09:00)
E-Mart24 opens first store in Cambodia
South Korea's convenience store chain E-Mart24 Inc. announced on Sunday that it opened its first store in Boeung Keng Kang, a bustling district of P...
Jun 24, 2024 (Gmt+09:00)
LG Innotek eyes $1.4 bn in automotive sensor sales by 2030
LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...
Jun 24, 2024 (Gmt+09:00)
Hyundai Glovis enters LNG transport business with Woodside Scarlet Ibis
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, is entering the liquefied natural gas transportation business wit...
Jun 23, 2024 (Gmt+09:00)
d’Alba maker Bmonument, Memebox, Easytem line up for Korean IPOs
South Korea’s promising beauty and healthcare device startups are looking to go public on the domestic bourse to scale up after gaining popula...
Jun 23, 2024 (Gmt+09:00)
QCells wins 2GW solar panel deal for US community solar farms
Hanwha Q Cell Co., better known as QCells in overseas markets, has signed a solar panel supply and partnership agreement for energy storage system (...
Jun 21, 2024 (Gmt+09:00)
K-Sure to support Korean firms' participation in Vietnam's gas project
Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...
Jun 21, 2024 (Gmt+09:00)
South Korea-Japan air travelers soar to 10 mn in first five months
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
Jun 21, 2024 (Gmt+09:00)
Mom's Touch adds two new restaurants in Mongolia
South Korean homegrown burger and chicken brand Mom's Touch & Co. announced on Friday that it has recently opened its sixth and seventh stores i...
Jun 21, 2024 (Gmt+09:00)
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Jun 20, 2024 (Gmt+09:00)