Korea on watch list for WGBI inclusion; hoping for bond inflows

Korea on watch list for WGBI inclusion; hoping for bond inflows

FTSE Russell, a global index provider, added South Korea to the watch list for potential inclusion in its FTSE World Government Bond Index (WGBI), p...

Sinking won fans doubts over Korea’s economic fundamentals

Sinking won fans doubts over Korea’s economic fundamentals

The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...

S.Korea to take measures to support stock, bond markets

S.Korea to take measures to support stock, bond markets

South Korea is set to take measures to stabilize local stock and bond markets hit by global interest rate hikes amid growing risks of a worldwide ec...

Korean won at fresh low since global financial crisis as markets crash

Korean won at fresh low since global financial crisis as markets crash

The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...

Growing Korean corporate VCs provide silver lining to startups

Growing Korean corporate VCs provide silver lining to startups

South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...

LG Uplus aims to double corporate value via platforms

LG Uplus aims to double corporate value via platforms

LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...

Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea

Terraform Labs co-founder Do Kwon faces arrest warrant in South Korea

A South Korean court issued an arrest warrant to Terraform Labs co-founder Do Kwon, a cryptocurrency ecosystem that imploded earlier this year. ...

Tumbling Korean won increases corporate debt burden

Tumbling Korean won increases corporate debt burden

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

Hanjin KAL loses one-third of value as management issues fade

Hanjin KAL loses one-third of value as management issues fade

Shares in South Korea’s Hanjin KAL Co. have wiped out one-third of its value in the past two weeks after one of its major shareholders, once a...

SK REIT to raise $550 million in debt for Jongno Tower deal

SK REIT to raise $550 million in debt for Jongno Tower deal

South Korea’s SK REIT Co. has been diversifying funding sources into short-term debt to finance its recent purchases of landmark office buildi...

Delta Air increases stake in Hanjin KAL to back Chairman Cho

Delta Air increases stake in Hanjin KAL to back Chairman Cho

Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...

Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair

Corporate sponsors focus on luxury at Seoul's first Frieze Art Fair

With just three days before the world-renowned Frieze Art Fair launches its inaugural event in Seoul, corporate sponsors are duking it out to outs...

Halla Group to change corporate name to HL Group

Halla Group to change corporate name to HL Group

South Korea’s Halla Group is changing its corporate name to HL Group as the construction-to-auto parts conglomerate celebrates the 60th annive...

LG CNS posts double-digit profit growth ahead of 2023 IPO

LG CNS posts double-digit profit growth ahead of 2023 IPO

South Korea's largest cloud computing service provider LG CNS Co. on Tuesday reported double-digit growth in both profit and revenue in the second q...

Samsung Group to speed up corporate governance reform

Samsung Group to speed up corporate governance reform

Samsung Group, South Korea’s largest conglomerate, is expected to accelerate the restructuring of its corporate governance to help Vice Chairm...

Conglomerates lead loan growth to record high in July

Conglomerates lead loan growth to record high in July

South Korea's large business groups led a sharp increase in bank lending in July, driving the corporate bank loan growth to a record high, central b...

US private equity giant Apollo making inroads into Korea

US private equity giant Apollo making inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...

US private equity giant Apollo to make inroads into Korea

US private equity giant Apollo to make inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...

KIC taps investment strategy head Lee Hoon as CIO

KIC taps investment strategy head Lee Hoon as CIO

Korea Investment Corporation (KIC) is set to appoint Lee Hoon, the senior managing director and head of the investment strategy & innovation d...

Corporate Korea pumps the brakes on developer pay hikes 

Corporate Korea pumps the brakes on developer pay hikes 

South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...

Starbucks Korea issues apology for carcinogen-containing merch

Starbucks Korea issues apology for carcinogen-containing merch

Starbucks Korea issued a public apology on Thursday regarding the recent allegations over its line of summer travel bags containing a toxic chemical...

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Korea's top mobile game Odin creator Lionheart eyes IPO in H2

Lionheart Studio Corp., South Korea’s leading game developer behind the mobile game Odin, has begun the process to go public with its July 22 ...

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

Sell Korea intensifies as foreigners dump bonds for 1st time in 18 months

A selloff in risk assets in South Korea is intensifying as foreigners turned net sellers of Korean bonds for the first time in 18 months in June whi...

Korean companies' net issuance of bonds in H1 hits six-year low

Korean companies' net issuance of bonds in H1 hits six-year low

South Korea’s net issuance of corporate bonds during the first half of 2022 was its lowest in six years, according to Korea Financial Investme...

Google stops KakaoTalk updates over violation of external payment policy

Google stops KakaoTalk updates over violation of external payment policy

Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...

NCSOFT publishes second ESG report with a playbook concept

NCSOFT publishes second ESG report with a playbook concept

NCSOFT Corp., a leading South Korean game developer, has published its second annual sustainability report using a playbook map concept. The re...

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

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...

Ex-Samsung exec says Korea chip sector needs more support

Ex-Samsung exec says Korea chip sector needs more support

South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...

It's time to bet on high-yield bond funds: Barings

It's time to bet on high-yield bond funds: Barings

High-yield bonds generally create greater yields than other funds, but low-quality bonds are vulnerable to economic downturns and the firms’ c...

POSCO Group looks to treble corporate value by 2030

POSCO Group looks to treble corporate value by 2030

South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...

Shinsegae, Hana Financial, Bain Capital to finance $438 mn Starfield Cheongna Saudi Crown Prince bin Salman courts Korean AI startups as Riyadh, Abu Dhabi vie to build tech hubs K Shipbuilding up for sale as Korean shipyards ride new boom Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec put on market for $730 mn