South Korea nears Czech nuclear deal; Doosan, related stocks fly high

South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with in...

HJ S&C wins $200 mn Philippines new port construction project order

HJ Shipbuilding & Construction Co. (HJ S&C) said on Thursday its construction division secured a 280 billion won ($200 million) contract to ...

Hyundai Glovis to build logistics complex in Korea’s top port city

Hyundai Glovis Co., the logistics unit of the world’s third-largest carmaker Hyundai Motor Group, plans to establish a logistics complex in Bu...

S.Korea mulls fines on Barclays, Citi for short-sale violations

South Korea’s financial authorities are considering fining British multinational investment bank Barclays plc and US investment banking group ...

Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul

South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...

India offers Korean firms detailed guidance for forays into India

India’s finance ministry, central bank and stock market operator outlined the country’s regulatory and investment environment for South ...

Taihan Cable completes 1st optical cable plant in Kuwait

Taihan Cable & Solution Co. said on Tuesday it has completed the first fiber optic cable factory in Kuwait, in a joint project with Rank General...

Hyundai Rotem to supply additional rail cars to Boston

South Korea's Hyundai Rotem Co. announced on Friday that it signed a contract with the Massachusetts Bay Transportation Authority (MBTA) to supply a...

KOGAS executes first simultaneous LNG bunkering in Korea

South Korea's state-run Korea Gas Corp. (KOGAS) said on Friday that its subsidiary, Korea LNG Bunkering, successfully carried out the country’...

Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...

S.Korea fines AliExpress $1.4 mn for alleged privacy breach

South Korea’s privacy authority is punishing AliExpress with measures including a $1.4 million fine for allegedly not providing measures to pr...

Korean banks raise mortgage rates despite looming rate cut

South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...

Woori adopts Samsung culture index for internal controls

Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

HD Hyundai Oilbank to supply ultra-low sulfur diesel to Guam

HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, announced on Wednesday that it secured a contract to supply 7.2 million ...

Kia releases 2024 model year of K9

Kia Corp., South Korea’s No. 2 automaker, released its flagship sedan K9’s model year The 2024 K9 on Tuesday. Kia has enhanced the ext...

Lotte Group to give more authority to outside directors

Food-to-retail conglomerate Lotte will expand the authority of outside directors by separating the roles of chief executives and board chairs at its...

Daewoo E&C, Kuwaiti banks sign $250 mn loan agreement

Daewoo Engineering & Construction Co. has signed an agreement to take on a $250 million loan from three Kuwaiti banks, Al Ahli Bank of Kuwait (A...

Lotte puts Lotte Chemical Titan in Malaysia on market

Lotte Chemical Corp., South Korea’s No. 2 petrochemicals company, has embarked on the process of selling its Malaysian unit Lotte Chemical Tit...

Korean banks stop ELS sales after HSCEI debacle

South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...

S.Korea launches official probe into HSCEI-tied ELS sale

South Korea’s financial authorities have opened an official probe into local banks and securities firms’ potential misselling of equity-...

Taihan Cable wins $42 mn order for power grid in Kuwait

South Korea's Taihan Cable & Solution Co. announced on Friday that it has won a $42 million turnkey project to build a 400kV ultra-high voltage ...

NGeneBio gets approval for cancer diagnostic device in Thailand

South Korean medical diagnostic company NGeneBio Co. announced on Friday that it has received approval for the sale of its in-vitro diagnostic medic...

Kakao to tighten grip over units, rethink horizontal culture

Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...

STX to develop Gargoub port in Egypt with grain silos

STX Corp., a South Korean general trading company, is expected to develop a Mediterranean port in Egypt and build grain silos at the port, a move ex...

Korea bans short selling; battery stocks lead market rally

South Korea has temporarily suspended short selling partly to prevent illegal, naked short selling, a decision buoying stocks heavily targeted by sh...

S.Korea’s forex reserves dwindle to lowest point in more than 3 years

South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local author...

Korea delays ESG reporting rules for firms to 2026 or later

South Korea will postpone implementation of environmental, social and governance (ESG) disclosure rules for the country’s listed firms from 20...

Celltrion Pharm gets GMP certification from Japan

Celltrion Pharm Inc. announced on Wednesday that its pre-filled syringe (PFS) production facility in Cheongju, North Chungcheong Province has obtain...

JW Pharma to conduct Phase 3 trials in Thailand for gout treatment

South Korea's JW Pharmaceutical Corp. on Thursday said it received approval from Thailand's Food and Drug Administration to conduct Phase 3 clinical...