Korea's Naver to ramp up global IR activity as stock continues decline
South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
NFT to become game changer in new era: KED Conference in New York
NEW YORK – Non-fungible tokens (NFTs) will significantly influence a wide range of industries as millions of global investors flock to th...
Samsung says no memory output cut, to widen tech gap with rivals
SILICON VALLEY – Samsung Electronics Co., the world’s top memory chipmaker, is not considering slashing its memory chip production despi...
Bitcoin is not money: South Korean court
A South Korean court judged that Bitcoin, the world’s leading virtual currency, is not money and therefore the cryptocurrency is not subject t...
SK Hynix hikes use of locally produced neon gas for chip manufacture
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly raise the use of locally produced neon, a ...
IGIS names fixed income expert Jang as head of equity, debt
IGIS Asset Management Co., South Korea’s largest real estate investment firm managing $46.5 billion in assets as of end-2021, said on Tuesday ...
Korea to complete process for stock market fund in mid-Oct
South Korea is set to complete the process for a stock market stabilization fund of 10 trillion won ($7 billion) by the middle of this month, to be ...
Samsung’s new $2.8 bn OLED plant to benefit Korean device makers
South Korea’s electronics equipment manufacturers are set to benefit from Samsung Display Co.’s planned construction of a $2.8 billion n...
Korea’s Aju to spin off key building material business
South Korea’s Aju Group is set to split its parent company into a construction material firm and an investment corporation to enhance its prof...
Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn
A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...
Korea's SK Siltron to invest $597 mn in silicon wafer production
South Korea’s SK Siltron Co. will invest 855 billion won ($597.4 million) to expand its 300-millimeter (12-inch) silicon wafer manufacturing f...
LIG Nex1 to invest $77 million to expand weapons production facility
LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...
SK On inks lithium deal with Australian firm for US tax credit
SK On Co., the world’s fifth-largest electric vehicle battery maker, has signed a deal with an Australian lithium producer. Securing the core ...
Samsung insurers commit $650 mn to Blackstone's alternative assets
South Korea’s Samsung Life Insurance Co. and Samsung Fire & Marine Insurance Co. have committed to a $650 million injection in some altern...
Korea Investment & Securities and Stifel Financial form joint venture
Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...
Higher costs, weaker won put Korean firms’ investments on hold
Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...
Lotte Chem to buy Iljin at $1.9 bn for battery material biz
South Korea’s Lotte Chemical Corp. is set to acquire major domestic battery material maker Iljin Materials Co. at some 2.7 trillion won ($1.9 ...
Korean crypto buyers show higher risk appetite than global peers
South Korean cryptocurrency investors appear willing to take more risks than their global counterparts, balancing their portfolios between market le...
Hyundai Mobis hosts future mobility startups in Silicon Valley
South Korea’s Hyundai Mobis Co. will host a future mobility conference, dubbed Mobis Mobility Day, with around 80 experts from mobility startu...
Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund
Mirae Asset Global Investments Co.’s planned purchase of the International Finance Center in Seoul worth 4.1 trillion ($3 billion) from Canada...
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...
POSCO, Hancock to invest $200 mn to raise Senex's gas output
South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...
Gaonchips rally on market talk of Samsung's investment in ARM
Shares in South Korea’s semiconductor chip design house Gaonchips Co. extended their rally for a second day on Friday on growing market talk t...
Korea to raise tax credits on OTT content for future growth
Studio Dragon Corp., South Korea’s leading drama production house, spent 26 billion won ($18.5 million) on Vincenzo, aired in 2021, and receiv...
Korea's Hyundai Mobis CEO Cho elected ISO president
South Korean auto parts maker Hyundai Mobis Co.’s CEO Cho Sung-hwan has been elected as the next president of the International Organization f...
Bosung attracts $2 bn investment from TGK for Korea's largest data center
South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...
Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM
Samsung Electronics Co. Vice Chairman Jay Y. Lee will meet with Japan’s SoftBank Group Chairman Masayoshi Son next month to discuss a deal reg...
Was South Korea’s FX intervention too late?
The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...
Hankook Tire aims to join global top 5 with new EV-only tires
South Korea’s leading tire maker Hankook Tire & Technology Co. is aiming to join the ranks of the global top five tire makers with its lat...
