Korea’s 2021 current account surplus misses BOK forecast

Korea’s 2021 current account surplus misses BOK forecast

South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...

Gallery Hyundai paints new chapter with NFT

Gallery Hyundai paints new chapter with NFT

South Korea’s Gallery Hyundai paints a new future by incorporating NFT (non-fungible token.)  The country’s first commercial art g...

TIGER KEDI30 sells out initial net assets on first trading day

TIGER KEDI30 sells out initial net assets on first trading day

Korean individual investors injected 9.5 billion won ($7.9 million) in TIGER KEDI Innovator ESG30 ETF on Feb 8, an exchange-traded fund (ETF) trac...

EcoPro BM execs may step down on alleged insider trading

EcoPro BM execs may step down on alleged insider trading

EcoPro BM Co., South Korea’s leading battery material producer, is considering resignations of its key executives, including the holding compa...

Korea’s record trade deficit stirs capital outflow fears

Korea’s record trade deficit stirs capital outflow fears

South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...

Korea prosecutors probe alleged EcoPro BM insider trading

Korea prosecutors probe alleged EcoPro BM insider trading

EcoPro BM Co., South Korea’s top cathode material producer, is under probe by local prosecutors for allegations of insider trading, according ...

Korea to reform FX market to join MSCI developed markets

Korea to reform FX market to join MSCI developed markets

South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...

Korea to see second month of trade deficit

Korea to see second month of trade deficit

South Korea is slated to see a trade deficit for a second straight month in January for the first time since the 2008-09 global financial crisis on ...

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance Ltd., the developer of video-sharing social networking service TikTok, announced Friday that it invested 48 billion won ($42...

LG Innotek shares rise despite mixed brokerage views

LG Innotek shares rise despite mixed brokerage views

LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...

Vegan foodmaker Organica attracts funding from China's CITIC

Vegan foodmaker Organica attracts funding from China's CITIC

Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...

STIC injects $168 mn in pre-unicorn Musicow

STIC injects $168 mn in pre-unicorn Musicow

Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...

Kospi in lethargic trade ahead of LG Energy debut

Kospi in lethargic trade ahead of LG Energy debut

South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio

Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...

LG Household’s China strategy put to test as shares crash

LG Household’s China strategy put to test as shares crash

LG Household & Health Care Ltd.’s shares have been flying high since its market debut in 2001, and have more recently basked in the global...

Korean dental implant maker hit by $160 mn embezzlement

Korean dental implant maker hit by $160 mn embezzlement

Trading in shares of South Korea's top dental implant manufacturer Osstem Implant Co. was suspended on the Kosdaq market on Monday, after the compan...

Korea 2021 exports hit record on strong sales of key products

Korea 2021 exports hit record on strong sales of key products

South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...

Hyundai Glovis opens firm in Chengdu for logistics to Europe

Hyundai Glovis opens firm in Chengdu for logistics to Europe

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...

S.Korea's car output tumbles to lowest in 17 years

S.Korea's car output tumbles to lowest in 17 years

South Korea's car output in 2021 is estimated to have tumbled to its lowest level in 17 years as a global shortage of semiconductors slowed down pro...

Foreigners sell net $22 bn main Kospi shares in 2021

Foreigners sell net $22 bn main Kospi shares in 2021

Foreigners sold a net 25.9 trillion won ($21.8 billion) worth of South Korean stocks on the main Kospi from Jan. 1 to Dec. 23 of this year, marking ...

Hyundai Heavy to showcase autonomous ship at CES 2022

Hyundai Heavy to showcase autonomous ship at CES 2022

Hyundai Heavy Industries Group, the world’s largest shipbuilder, is set to showcase its latest and next-generation mobility technology related...

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea moves to join CPTPP free trade pact as China fears ease

South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...

Korean duty free shops take opposite paths to draw Chinese shoppers

Korean duty free shops take opposite paths to draw Chinese shoppers

There appear to be two diverging roads for South Korea's top duty free operators Lotte and Shilla: expanding outside China, or going deeper inside t...

Hanwha, Musicow to launch JV in US for copyright trading abroad

Hanwha, Musicow to launch JV in US for copyright trading abroad

Musicow Inc., a music copyright trading platform and one of the hottest startups in South Korea, will set up a joint venture in the US with Korean c...

Kimchi on track for first trade surplus in 12 years

Kimchi on track for first trade surplus in 12 years

Kimchi exports hit record high Kimchi, Korea’s traditional fermented food, is raising its status in the global food market. Korea exported $1...

Ex-quant developer on a mission to save traders' microseconds

Ex-quant developer on a mission to save traders' microseconds

A Korean startup about a year old has succeeded in creating a microchip that speeds up trading by a few microseconds -- a huge difference in the w...

Metaverse emerges as promising yet uncertain new world for investors

Metaverse emerges as promising yet uncertain new world for investors

Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...

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