NPS emerges as savior of Korea’s ailing won currency

The South Korean state-run National Pension Service (NPS) has been spotted selling dollars for won, supporting the ailing local unit, as the world&r...

Keppel completes Korean waste treatment firm takeover for $530 mn

Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...

Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings

Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...

Korean bio suffers as weak won lifts global clinical trial costs

South Korean biopharmaceutical firms are facing challenges in clinical trials overseas alongside the rising Korean won to the US dollar exchange rat...

US DOE officials in Seoul to meet with Hyundai Motor, battery makers

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

Firm dollar deters Korea Inc.’s overseas acquisition deals

The firm dollar is causing South Korean companies to postpone or cancel their plans to buy overseas firms for future growth as the US currency&rsquo...

Hansol Group, KAIST to launch new tech, AI research center

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

BOK takes another big step hike as weak won lifts prices

South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...

Stay in market despite rising interest rates: Howard Marks

NEW YORK – Investors should stay in the financial market as rising interest rates have put the values of assets such as stocks and bonds at ap...

LS Cable to become No.2 shareholder in KT Submarine

South Korea’s LS Group will become the No. 2 shareholder in KT Submarine Co. after buying the undersea cable construction company’s new ...

Fed may allow recession to stem inflation: Ex-Boston Fed chief

NEW YORK -- The Federal Reserve will not be able to stem rampant inflation in the US without an economic recession, former Boston Fed President Eric...

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

Weak won, boon to Doosan Bobcat but bane to Enerbility

A weaker South Korean won currency has become a double-edged sword to Doosan Group’s affiliates. Construction equipment maker Doosan Bobcat is...

BOK mulls 50-bp rate hike despite slower Sept inflation

South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...

Hyundai’s Trailer Drone concept wins top Red Dot design award

South Korea’s top automaker Hyundai Motor Co. said on Friday its Trailer Drone, a fully autonomous hydrogen mobility concept, has won the top ...

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...

Small caps warm up S.Korea’s chilly IPO market

Small and mid-sized companies are reviving the otherwise chilly IPO market in South Korea, which has been dragged down by weaker-than-expected deman...

Falling won yet to cool Koreans’ fever for overseas travel

The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...

Higher costs, weaker won put Korean firms’ investments on hold

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

Tanking won deteriorates Korea’s dollar funding conditions

A nosediving South Korean won deteriorated local corporate dollar funding conditions with the cost of insuring the country’s sovereign debt ag...

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...

Weaker won offers no leg up for Korean exporters

The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...

Korea FX authorities, NPS agree on currency swap; won flat

South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...

BOK chief signals another big step as Fed hike haunts won

South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...

Korean warehouse project financing on brink of debt crisis

Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...

NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund

Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...

Direct lending, middle market offer resilience: NYLIM 

There is no doubt that headwinds to economic and market growth are picking up. Globally, supply chain and energy disruptions have contributed to hig...

Korean won rebounds on estimated $2 bn intervention

The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...

S.Korea may have spent over $700 mn to support ailing won

South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...

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...