Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

Startup accelerator D.Camp marks 100th demo day

Startup accelerator D.Camp’s demo day event dubbed D.Day celebrated its 100th event on Thursday. The first D.Day event was held in June 2...

BOK delivers fourth straight rate hike as inflation persists

South Korea’s central bank on Thursday delivered its fourth interest rate hike in a row for the first time in its history as the monetary auth...

DSME delays $1.7 bn interest payment to Export-Import Bank

Major South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co. (DSME) is facing harsh criticism that it has benefited from delaying...

Tech giant Kakao turns to digital display advertising for added revenue 

Kakao Corp. is looking to add display advertising to South Korea’s largest messaging app KakaoTalk, as well as the fintech apps developed by i...

KIC appoints Lee Hoon as CIO and Jung Ho-seok as CRO

Korea Investment Corporation (KIC) said on Wednesday it has promoted Lee Hoon, its former head of investment strategy and innovation division, to th...

Korea Inc. rushes to cut debt as interest rates surge

South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...

Korea inflation hits highest point since 1998 crisis, BOK to hike rates

South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...

S.Korean startup Time Percent gives power to digital asset investors 

South Korean startup Time Percent Corp. was founded a year ago with the specific goal of giving power to the investors of digital assets, rather tha...

Korean firms rush to sell real estate to raise cash

South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...

Korea's Hyundai Mobis bolsters its own chipmaking capabilities

Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...

Pfizer Korea HQ sale falls through on investors' tepid interest

South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...

BOK delivers first-ever 50-bp hike to curb inflation

South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...

Korean retirement funds, mutual aids struggle with profitability

Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...

Unison Capital puts Korea dental scanner maker up for sale

Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...

Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials

The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...

Online lender K Bank revs up for IPO in Nov on surging net profit

K Bank submitted a preliminary assessment request to the Korea Stock Exchange on Thursday, the first step to an initial public offering. The on...

Korean biotech L&C Bio issues convertible bonds worth $46 mn

South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...

Military fund to raise payouts with interest rate increases

South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...

Economist Cho Soon 'the Keynes of South Korea' dies at 94

South Korea’s former finance minister and central bank governor Cho Soon died at 94 of natural causes on Thursday.Cho, a renowned economist ca...

Residential, urban logistics in Europe are attractive: Patrizia

Despite a number of global market uncertainties, there is value in real assets where rental income grows faster than inflation, Mahdi Mokrane, head ...

Golf simulation centers' revenue soars 48% on-year

Even amid the COVID-19 pandemic, sectors serving golf enthusiasts have thrived in South Korea.Financial services company BC Card analyzed the sales ...

Axiom Space invites Koreans to $500 million space hotel fundraising

Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...

Temasek VC unit CEO sees recent downturn as investment opportunity

Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...

Korea airlines grounded by oil, currency, interest rates

South Korea’s airlines are suffering from surging oil prices, a weaker won and rising interest rates as the global border reopening has yet to...

BOK may take big-step rate hike on Fed's aggressive tightening

South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...