bts 10-year record
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Business & Politics
Korea Inc.’s dividend repatriation soars on new tax breaks
Major companies in South Korea, such as affiliates of Samsung, LG and Hyundai Motor Group, are bringing larger amounts of capital back home from abr...
Nov 19, 2023 (Gmt+09:00)
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Retail
Japanese furniture brand Nitori to open first store in Korea
Nitori Co., dubbed Japan's IKEA, is slated to open its first store in South Korea next week, accelerating its Asia-centered expansion push, while su...
Nov 17, 2023 (Gmt+09:00)
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Batteries
Trafigura to invest in S.Korea’s EV cell materials maker
Trafigura, a major global commodity trader, is set to invest in a South Korean electric vehicle battery raw materials manufacturer to take advantage...
Nov 17, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Med. Center achieves Korea's first uterine transplantation
The first successful case of uterine transplantation surgery in Korea has been reported, with the patient currently preparing for pregnancy. Samsung...
Nov 17, 2023 (Gmt+09:00)
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Energy
Hanwha’s REC Silicon plant restarts as US-China tension eases
REC Silicon ASA, a US-based polysilicon maker, in which Hanwha Solutions Corp. and its affiliate have a 33% stake, has restarted operations after a ...
Nov 16, 2023 (Gmt+09:00)
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Korean food
Samyang draws record-high sales on Singles' Day in China
South Korea's Samyang Foods Co. announced on Thursday its sales during China's largest shopping festival, Singles' Day (Nov. 11), reached a new re...
Nov 16, 2023 (Gmt+09:00)
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Asset management
Fed rate likely to be 2-4% over next decade: Oaktree's Howard Marks
Investors are experiencing the third “sea change,” facing the Federal Reserve’s rate hikes and its impact on economies and busines...
Nov 15, 2023 (Gmt+09:00)
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Batteries
SK, Hyundai Motor's US JV, named Georgia's Deal of Year
South Korea’s battery maker SK On and Hyundai Motor Group's joint battery project in Georgia, the US, was awarded the "Deal of the Year 2023 i...
Nov 14, 2023 (Gmt+09:00)
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Economy
S.Korea’s semiconductor exports rebound in 1st 10 days of November
South Korea’s semiconductor exports rose in the first 10 days of November, reversing their 13-month downward trend, data show, raising the pro...
Nov 13, 2023 (Gmt+09:00)
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Korean startups
SK-backed social impact startups see higher corporate values
South Korean social impact startups backed by the country’s second-largest conglomerate SK Group enjoyed higher corporate values with two of t...
Nov 10, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion to supply Remsima to Brazil gov’t in three-year row
South Korea's Celltrion Healthcare Co. announced on Friday its autoimmune disease treatment Remsima (ingredient: infliximab) has won a bid for the B...
Nov 10, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung’s Harman to buy French audio software firm FLUX::
Harman Professional Solutions, a professional sound system unit under Samsung Electronics Co.'s wholly owned Harman International, has agreed to acq...
Nov 10, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to continue DRAM output cut until year-end; NAND recovery slow
Samsung Electronics Co., the world’s largest memory chipmaker, will continue its ongoing DRAM chip production cut at least until the end of th...
Nov 09, 2023 (Gmt+09:00)
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Earnings
Kakao bets on AI bot for breakthrough
Kakao Corp., the operator of South Korea’s dominant chat app KakaoTalk, will seek a breakthrough with an artificial intelligence-powered bot a...
Nov 09, 2023 (Gmt+09:00)
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Electric vehicles
POSCO Int’l to invest $519 mn in EV parts output expansion
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., plans to spend 680 billion won ($519....
Nov 09, 2023 (Gmt+09:00)
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Venture capital
VCs give thumbs up to EV, parts/materials, travel tech
The venture capital funding crunch has continued through this year in South Korea but VCs have raised their stakes in select companies in the electr...
Nov 09, 2023 (Gmt+09:00)
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Automobiles
Imported cars set to snap 3-year growth streak in S.Korea
Imported passenger cars are expected to see their first retreat in four years in South Korea on the growing popularity of domestic luxury models suc...
Nov 08, 2023 (Gmt+09:00)
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Earnings
Coupang on track to post first-ever annual profit in 2023
South Korean e-commerce giant Coupang Inc. on Tuesday reported $87 million in operating profit in the third quarter, its third consecutive quarterly...
Nov 08, 2023 (Gmt+09:00)
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Food & Beverage
K-chicken chain BB.Q opens fourth restaurant in Philippines
South Korea’s leading fried chicken franchise BB.Q Chicken announced on Wednesday it opened its fourth restaurant at The Shops in Manila, th...
Nov 08, 2023 (Gmt+09:00)
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Retail
Costco Korea on verge of falling into low-growth trap
South Korea, one of the most lucrative markets for Costco Wholesale Corp., appears to be losing its appeal in the face of China’s rapid ascent...
Nov 07, 2023 (Gmt+09:00)
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Earnings
Celltrion enjoys record earnings on healthy biosimilar biz
South Korean pharmaceutical giant Celltrion Inc. logged record quarterly earnings on the strong performance of its key biosimilar products while exp...
Nov 07, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Volvo Trucks celebrate 5th year of cooperation
South Korea's Samsung SDI Co. and global commercial vehicle manufacturer Volvo Trucks held a commemorative event to discuss the expansion of their p...
Nov 07, 2023 (Gmt+09:00)
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Korean stock market
Netmarble sells 6% stake in BTS label HYBE in block deal
South Korea’s leading game developer Netmarble Corp. said on Tuesday it sold a 6% stake in HYBE Co., the music label behind K-pop sensation ...
Nov 07, 2023 (Gmt+09:00)
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Earnings
Korean tire makers post double-digit Q3 profit margins; outlook bright
South Korea’s three leading tire makers posted their highest-ever quarterly profit margins in the third quarter, boosted by tire price hikes, ...
Nov 06, 2023 (Gmt+09:00)
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ESG
SK Geo Centric switches to recycled materials for petchem packaging
South Korea’s SK Geo Centric Co. is using recycled materials for product packaging as it aims to transform itself into a green petrochemical p...
Nov 06, 2023 (Gmt+09:00)
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Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...
Nov 03, 2023 (Gmt+09:00)
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Foreign exchange
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...
Nov 03, 2023 (Gmt+09:00)
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Earnings
Naver posts record Q3 sales, profit on e-commerce
South Korea’s web portal giant Naver Corp. on Friday posted record sales and operating profit in the third quarter, driven by robust sales gro...
Nov 03, 2023 (Gmt+09:00)
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Business & Politics
Kolon set to host Aramco Team Series golf event in Korea
South Korea’s Kolon Group said on Thursday it has signed a non-binding agreement with Golf Saudi, a unit of Saudi Golf Federation, to jointly ...
Nov 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia's US electric vehicle sales at record-high in October
South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...
Nov 02, 2023 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess