credit rating cuts

The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth f...

Hyundai Motor Co. and Kia Corp. said on Monday they received AAA ratings, with Stable outlooks for both companies, from Korea Ratings Corp., Nice In...

South Korea’s two leading memory chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are moving to significantly reduce their...

Global credit rating agency Standard & Poor's (S&P) announced on Friday that it upgraded SK Innovation Co.'s long-term credit rating from a ...

LG Electronics Inc. said on Wednesday it started selling its LG Smart Cottage, a compact, prefabricated modular home that utilizes its cutting-edge ...

LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous thre...

Koramco Asset Management Co. will open a liaison office next to South Korea’s National Pension Service (NPS) to bolster cooperation with the w...

South Korea's KB Kookmin Bank said on Tuesday that it issued €500 million ($545 million) in global covered bonds the previous day.Covered bonds...

South Korea’s central bank is open to more cuts in interest rates after its first rate reduction in more than four years on Friday but only in...

Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...

South Korea’s headline inflation slowed below 2% for the first time in three and a half years in September on lower international oil prices, ...

Samsung Heavy Industries Co. said on Monday it will adopt three-dimensional (3D) digital drawings for its entire ship design and construction proces...

Gmarket Inc. will cut jobs for the first time since it was acquired by South Korea’s retail giant Shinsegae Group in 2021, joining the group&r...

Hyundai Motor Group, the world’s third-largest carmaker, has started developing electric vehicle battery technology to cut costs and reduce th...

SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to cut its workforce with the company’s first voluntary retir...

South Korean companies rushed to issue foreign currency bonds after the US Federal Reserve lowered interest rates for the first time in more than fo...

KCGI, a South Korean private equity firm, has agreed to buy a controlling stake in Hanyang Securities Co. for 220.3 billion won ($166 million), slig...

South Korean top automaker Hyundai Motor Co. has slashed its long-term vehicle sales targets by 6% as it prepares for aggressive marketing by Chines...

South Korea’s lube oil maker SK Enmove Co., Korea’s top oil refiner SK Innovation Co.'s subsidiary, said on Thursday it received a Gold ...

South Korea’s auto juggernaut Hyundai Motor Co. and US auto giant General Motors Co. will explore ways to jointly develop new vehicles and sou...

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

South Korea’s economic growth slowed in the second quarter on weaker domestic consumption and investment by private businesses, heightening ex...

South Korea’s inflation moderated to the government’s target of 2.0% in August, its slowest increase in three years and five months, put...

POSCO Group, South Korea’s steel and battery material conglomerate, is set to invest in the world's second-largest graphite reserve, in Tanzan...

South Korea's POSCO International Corp. said on Thursday that it received its first-ever credit ratings from Standard & Poor's (S&P) and Moo...

South Korea’s central bank held interest rates steady but cut its inflation and growth forecasts for the year and signaled that it will pivot ...

South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing game (MMORPG) while launchin...

Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...

South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...

A new contract chipmaking technology, dubbed the backside power delivery network (BSPDN), will reduce the size of a 2-nanometer chip by 17%, compare...