North Korea’s political system
Scope
Date
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Retail
E-Land manages New Balance’s record $689 mn in Korean sales
South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...
Dec 23, 2024 (Gmt+09:00)
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Retail
S.Korean gov't to lift two-bottle limit on duty-free alcohol
South Korean government will lift the number restriction of duty-free alcohol bottles for inbound travelers and halve the patent fees to boost the d...
Dec 23, 2024 (Gmt+09:00)
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Foreign exchange
Korea to relax FX rules by December to boost dollar selling
South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) a...
Dec 23, 2024 (Gmt+09:00)
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Corporate bonds
Korea Inc. to face refunding risks with record corporate bond maturities
South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...
Dec 23, 2024 (Gmt+09:00)
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Automobiles
Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico
Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...
Dec 23, 2024 (Gmt+09:00)
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Batteries
LG Energy, Qualcomm to commercialize BMS solution
South Korea's LG Energy Solution Ltd. said on Monday it partnered with Qualcomm Technologies to commercialize its new system-on-chip (SoC)-based bat...
Dec 23, 2024 (Gmt+09:00)
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Mergers & Acquisitions
M&A deals in South Korea hit 7-year low in 2024
South Korea’s mergers and acquisitions market shrank further in 2024, with leading business groups seeking to unload non-core assets to bolste...
Dec 23, 2024 (Gmt+09:00)
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Business & Politics
Korea’s Shinsegae chairman dines with Trump at Mar-a-Lago
Chung Yong-jin, the chairman of South Korea’s retail giant Shinsegae Group, held talks with US President-elect Donald Trump, becoming Korea's ...
Dec 22, 2024 (Gmt+09:00)
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E-commerce
S.Korea's dawn delivery pioneer Kurly sells luxury goods to uplift profit
Kurly Inc., South Korea's dawn delivery service market pioneer, has invited a third-party online retailer to sell luxury goods on its platform to bo...
Dec 20, 2024 (Gmt+09:00)
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Foreign exchange
South Korea to ease foreign exchange regulations, expand FX swap line
South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...
Dec 20, 2024 (Gmt+09:00)
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Culture & Trends
Baby Shark receives three Emmy nominations
South Korea's The Pinkfong Company, popularly known for its "Baby Shark" character, said on Friday that "Baby Shark’s Big Movie" received thre...
Dec 20, 2024 (Gmt+09:00)
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Energy
LG Energy wins 7.5GWh ESS project from Excelsior Energy in US
LG Energy Solution Ltd. has landed a deal with US renewable energy infrastructure fund Excelsior Energy Capital (Excelsior) to supply a 7.5-gigawatt...
Dec 20, 2024 (Gmt+09:00)
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Energy
Korea bags Romanian project to refurbish nuclear reactor
Korea Hydro & Nuclear Power Co. (KHNP) on Thursday inked a final agreement with Romania’s Societatea Nationala Nuclearelectrica (SNN) to r...
Dec 19, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK, Young Poong close in on majority of Korea Zinc
A consortium of MBK Partners and Young Poong Corp. has raised its stake in Korea Zinc Inc. to 46.7% of voting shares, drawing the group closer to ma...
Dec 19, 2024 (Gmt+09:00)
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Real estate
GIC drops Seoul landmark building sale on Korea’s political woes
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, dropped the sale of a landmark building in Seoul due to t...
Dec 19, 2024 (Gmt+09:00)
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Debt financing
POSCO to raise up to $691 million as next year’s 1st corporate bond issuer
South Korea’s steel-to-battery materials conglomerate POSCO Group plans to raise up to 1 trillion won ($691 million) in the country’s fi...
Dec 19, 2024 (Gmt+09:00)
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Automobiles
S.Korea's personal mobilities firm GCoo enters Africa
South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...
Dec 18, 2024 (Gmt+09:00)
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Central bank
S.Korea’s c.bank chief sees limited impact of political turmoil on economy
South Korea’s central bank chief said on Wednesday the impact of political turmoil caused by martial law on Asia’s fourth-largest econom...
Dec 18, 2024 (Gmt+09:00)
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Business & Politics
Ruthless Politics of South Korea Is Rooted in Cold-War History
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Dec 18, 2024 (Gmt+09:00)
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Economy
Foreign workers in S.Korea surpasses 1 million
The number of foreign workers in South Korea has broken past the 1 million mark.According to Statistics Korea on Tuesday, as of May, there were 1.56...
Dec 17, 2024 (Gmt+09:00)
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Batteries
Lotte to supply advanced copper foil to Doosan for Nvidia’s Blackwell
Lotte Energy Materials Corp., a leading South Korean battery materials maker, said on Tuesday it will supply advanced copper foil to Doosan Corp.'s&...
Dec 17, 2024 (Gmt+09:00)
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Food & Beverage
Fried chicken chain bhc to enter Indonesia in 2025
South Korea’s fried chicken brand bhc Group said on Tuesday it signed a master license agreement with Indonesia's Nachindo Group to enter the ...
Dec 17, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion’s 4 new biosimilars win EU approval recommendation
Celltrion Inc. is one step closer to commercializing its four new biosimilars in Europe after a committee of the European Medicines Agency (EMA) rec...
Dec 16, 2024 (Gmt+09:00)
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Aerospace & Defense
Leonardo's Coulter named Hanwha Aerospace’s 1st foreign global chief
Hanwha Aerospace Co., a leading South Korean defense company, said on Monday it has hired Michael Coulter, a former senior executive at US-based Ita...
Dec 16, 2024 (Gmt+09:00)
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Fashion
Musinsa, Zozo to support S.Korean fashion brands
South Korea's online fashion platform Musinsa said on Monday it signed a memorandum of understanding (MOU) with Japan's Zozo, the operator of online...
Dec 16, 2024 (Gmt+09:00)
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Economy
S.Korea to hold IR session to unveil market-boosting steps
South Korea's government will host an overseas investor relations session to explain the country’s economic conditions and unveil market-boost...
Dec 16, 2024 (Gmt+09:00)
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Paper
Korean paper makers to file anti-dumping complaint vs Japanese rivals
South Korean corrugated cardboard sheet makers such as Asia Paper Manufacturing Co. have decided to file an anti-dumping complaint against Japanese ...
Dec 15, 2024 (Gmt+09:00)
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Foreign exchange
Korean won seen rebounding after Yoon’s impeachment
The South Korean won is expected to stage a rebound from its two-year low against the US dollar and hold steady in 2025 after the impeachment of Sou...
Dec 15, 2024 (Gmt+09:00)
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Business & Politics
Korea’s president impeached over martial law; political turmoil to ease
South Korea’s parliament voted to impeach President Yoon Suk Yeol on Saturday over his stunning martial law decree, suspending him from office...
Dec 14, 2024 (Gmt+09:00)
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Business & Politics
South Korea’s sovereign credit rating stable: S&P, Moody's, Fitch
South Korea’s sovereign ratings remain stable despite the political turmoil caused by the short-lived martial law declaration of President Yoo...
Dec 13, 2024 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans