Level 4
Scope
Date
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Economy
S. Korean economy grows 4% in 2021
. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...
Jan 25, 2022 (Gmt+09:00)
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Monthly trade infographics
Plastics drive Korea's highest-ever exports in 2021
Plastics rise as Korean SMEs’ main export Many Korean small and medium enterprises performed exceptionally amid the economic recovery in 2021...
Jan 24, 2022 (Gmt+09:00)
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Korean chipmakers
Hanmi, other chip machine makers to benefit from TSMC capex hike
Hanmi Semiconductor Co., a chip equipment supplier to global foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), has posted record profit ...
Jan 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung touts latest Exynos 2200 chip as mobile game changer
Samsung Electronics Co. has unveiled a new premium mobile processor, the Exynos 2200, which the world’s top memory chipmaker said offers a con...
Jan 18, 2022 (Gmt+09:00)
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Banking & Finance
BOK restores interest rates to pre-pandemic level
South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary p...
Jan 14, 2022 (Gmt+09:00)
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Alternative investments
Korean investors inject $1.2 bn in Australian PPP
Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...
Jan 12, 2022 (Gmt+09:00)
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Beauty & Cosmetics
LG Household’s China strategy put to test as shares crash
LG Household & Health Care Ltd.’s shares have been flying high since its market debut in 2001, and have more recently basked in the global...
Jan 10, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE bags $1.4 billion ship orders in first 2022 deals
Korea Shipbuilding & Offshore Engineering Co. (KSOE), Hyundai Heavy Industries Group’s intermediate holding company, has kicked off 2022 w...
Jan 04, 2022 (Gmt+09:00)
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Future Mobility
Hyundai to launch Level 3 self-driving Genesis G90 in H2
Hyundai Motor Co., South Korea’s top automaker, aims to roll out mass-produced hands-free Level 3 self-driving cars, starting with the flagshi...
Jan 02, 2022 (Gmt+09:00)
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Executive reshuffles
CJ Group promotes chairman’s son, signals 3rd-generation succession
South Korea's CJ Group promoted the group chairman's son Lee Sun-ho to a new executive-level position Monday, paving the way for a third-generatio...
Dec 28, 2021 (Gmt+09:00)
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Batteries
Rechargeable battery shares slump to lowest level in a year
Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...
Dec 21, 2021 (Gmt+09:00)
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Korean startups
Korean unicorns jump fivefold in four years with record investment in 2021
Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...
Dec 20, 2021 (Gmt+09:00)
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Petrochemicals
Samsung, Hyundai race for $4 bn Indonesia petchem project
South Korean builders Samsung Engineering and Hyundai Engineering Co. are in a tight race to win a $4 billion petrochemical project in Indonesia.Sam...
Dec 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal
US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...
Dec 15, 2021 (Gmt+09:00)
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Markets
Foreigners buy Kospi futures to raise bullish bets on Korea stocks
Foreigners bought Kospi 200 futures contracts on “quadruple witching day," the quarterly simultaneous expiration of South Korean options and f...
Dec 09, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Alternative investments
NPS and six Korean LPs commit $730 mn to Ardian's infra secondaries
Seven South Korean limited partners have committed $730 million to Paris-headquartered alternative asset manager Ardian SA’s secondaries fund ...
Dec 09, 2021 (Gmt+09:00)
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Automobiles
Halla’s autonomous driving unit HL Klemove eyes $3.4 bn sales by 2030
Halla Group’s newly-launched autonomous driving solutions subsidiary HL Klemove targets 4 trillion won ($3.4 billion) in revenue by 2030 by ac...
Dec 03, 2021 (Gmt+09:00)
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Advanced materials
SK’s holding firm completes merger with materials arm
SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...
Nov 30, 2021 (Gmt+09:00)
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Future mobility
Hyundai to run IONIQ 5 self-driving robotaxi pilot service in H1, 2022
South Korea’s top automaker Hyundai Motor Co. will launch a pilot service of its first autonomous robotaxi based on its electric SUV, the IONI...
Nov 25, 2021 (Gmt+09:00)
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Earnings
Mirae Asset Global Investments posts record-high Q1-Q3 net profit
Mirae Asset Global Investments Co. announced on Nov. 15 that its operating profit and net profit for the first three quarters came in at 312.4 bil...
Nov 16, 2021 (Gmt+09:00)
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Pension funds
KTCU values working-level opinions for alternative investment
“The South Korean stock markets have barely risen since early this year, while the markets in Japan and Taiwan are hitting highs. I believe Ko...
Nov 15, 2021 (Gmt+09:00)
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Economy
Slower Korean economic growth puts 4% target at risk
South Korea’s economy expanded slower than expected in the third quarter on sluggish private consumption and capital expenditures offset healt...
Oct 26, 2021 (Gmt+09:00)
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Entertainment
Netflix reports jump in users, calls Squid Game its most popular show ever
Netflix Inc. added 4.4 million memberships in the third quarter, more than the company had forecast, as viewers flocked to the streaming platform wi...
Oct 20, 2021 (Gmt+09:00)
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Economy
S.Korean companies stockpile record-level dollar holdings
South Korean companies have built up their dollar holdings to record levels, following record-breaking shipment growth this year, as rising raw mate...
Oct 20, 2021 (Gmt+09:00)
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Entertainment
Yet another Netflix hit lifts Korean content stocks even higher
South Korea’s major content production houses’ stocks rallied again on the success of yet another Netflix hit drama series, My Name.Shar...
Oct 18, 2021 (Gmt+09:00)
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Batteries
LG Energy, Stellantis to launch $3.4 billion EV battery JV in US
South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...
Oct 18, 2021 (Gmt+09:00)
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Hydrogen economy
S.Korea sees tenfold rise in hydrogen fuel use by 2030
South Korea will sharply increase the adoption of hydrogen as a fuel of transportation, industrial plants and power generators to become the world's...
Oct 07, 2021 (Gmt+09:00)
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Energy
Korean refiners ramp up runs to pre-COVID-19 level
South Korean refiners ramped up runs of their crude distillation units (CDUs) to a level before the outbreak of the COVID-19, probably exceeding 80%...
Oct 06, 2021 (Gmt+09:00)
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Private equity
Private equity exits tipped to lead S.Korea's Q4 M&A market
South Korea's M&A market, which has enjoyed record levels of activity so far this year, is expected to remain buoyant for the remainder of the y...
Oct 04, 2021 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet