Global X to liquidate China-exposed ETFs on poor returns

Global X ETFs, the New York-based provider of exchange-traded funds, will liquidate 19 ETFs, including 11 China-exposed funds, next month to stop th...

Korea inflation at 21-month low; BOK may end rate hikes

South Korea’s headline inflation dropped for a fifth straight month to a 21-month low, adding to expectations that the central bank might not ...

BOK chief says rate cut premature despite slower growth

South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...

Eugene Corp. develops concrete production simulation system

South Korea's Eugene Corporation, which specializes in ready-mixed concrete and construction material distribution, announced on Wednesday that it h...

KLA to stop chip tool supply to customers in China: Report

US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...

Korean biotech firms fold COVID-19 therapeutics development businesses

A string of South Korean pharmaceutical and biotech companies are waving the white flag when it comes to developing COVID-19 treatments. As the...

Korea’s state electric companies to cease coal power generation by 2050

State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...

Diesel exhaust fluid shortage threatens Korea’s supply chain

A diesel exhaust fluid (DEF) shortage in South Korea is feared to disrupt the supply chain in Asia’s fourth-largest economy. The lack of the l...

NPS to cease paying management fees for Korean PEF project funds

The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...