S. Korea's foreign currency deposits hit record high on weaker dollar

S. Korea's foreign currency deposits hit record high on weaker dollar

Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $...

S. Korean stock market posts record-high market cap; SK biopharm added to MSCI

S. Korean stock market posts record-high market cap; SK biopharm added to MSCI

South Korea's benchmark Kospi reached a two-year high closing at 2485.87 points on Nov. 11, posting an eight-session winning streak driven by imminent...

S. Korea's fiscal deficit tops $90 bn; public debt hits record high

S. Korea's fiscal deficit tops $90 bn; public debt hits record high

South Korea's fiscal deficit in September has pushed the annual shortfall to over 100 trillion won ($89.6 billion) with public debt reaching an all-ti...

Celltrion’s Q3 earnings beat market consensus to hit record high

Celltrion’s Q3 earnings beat market consensus to hit record high

South Korean biosimilar maker Celltrion Inc's operating profit topped market expectations by more than 20% in the third quarter, hitting a record high...

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...

Korea's most-repurchased mask maker up for sale

Korea's most-repurchased mask maker up for sale

Wellkeeps Co., a South Korean mask manufacturer, has issued an information memorandum to potential buyers including financial investors and strategic ...

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains

South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...

Korea's largest job portal JobKorea up for sale

Korea's largest job portal JobKorea up for sale

South Korea-based private equity firm H&Q has begun the sale process for JobKorea, the country's largest job portal estimated to be worth up to $7...

SK Hynix vows to triple NAND sales in 5 years after strong Q3

SK Hynix vows to triple NAND sales in 5 years after strong Q3

SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...

S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn

S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn

South Korea's foreign exchange reserves rose for a seventh straight month to a fresh record high in October due to gains in non-dollar assets and incr...

Korea’s EV battery stocks surge on Europe sales, US vote

Korea’s EV battery stocks surge on Europe sales, US vote

Shares of South Korea’s three leading electric vehicle battery makers surged Tuesday, on strong electric car sales in Europe and expectations th...

LG Electronics posts record-high Q3 sales, operating profit

LG Electronics posts record-high Q3 sales, operating profit

LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...

Pandemic lifts Naver's Q3 sales to all-time high, net profit triples

Pandemic lifts Naver's Q3 sales to all-time high, net profit triples

South Korea’s largest internet portal Naver Corp.’s third-quarter net profit nearly tripled, while its sales rose to a record high, driven...

Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline

Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline

Samsung Electronics Co.’s third-quarter operating profit rose to its highest level in two years on firm demand in smartphones and memory chips, ...

Lotte Rental shelves share sale plan as IPO market cools

Lotte Rental shelves share sale plan as IPO market cools

Lotte Group has indefinitely postponed its plan to list Lotte Rental Co., in the latest sign of a cooldown in the local initial public offering market...

Samsung heirs’ $9 bn tax bill may lead to share sale, weak control

Samsung heirs’ $9 bn tax bill may lead to share sale, weak control

The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...

LG Chem’s Q3 profit soars, battery earnings at record high

LG Chem’s Q3 profit soars, battery earnings at record high

South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...

Bank of Korea keeps rate steady at record low; signaling no further action

Bank of Korea keeps rate steady at record low; signaling no further action

The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...

LG Chem surprises market with record Q3 earnings estimates

LG Chem surprises market with record Q3 earnings estimates

LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26

Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26

Creditors of Hanjin Heavy Industries & Construction Co. will put the cash-strapped South Korean shipbuilder up for sale next month as the lenders ...

Samsung creeps up on Apple in US online smartphone sales

Samsung creeps up on Apple in US online smartphone sales

Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...

Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28

Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28

Doosan Infracore Co., South Korea’s top construction equipment maker, plans to sell 100 billion won ($85.4 million) in corporate bonds to raise ...

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group eyes sale of affiliate golf course and resort

Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...

AXA General sale off to shaky start with Kyobo Life as sole bidder

AXA General sale off to shaky start with Kyobo Life as sole bidder

The sale process of AXA General Insurance Co. got off to a shaky start with only Kyobo Life Insurance Co. making a preliminary bid on Sept. 18. S...

Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic

Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic

South Korea’s top 100 companies saw their overseas sales shrink by a fifth in the second quarter from the year-earlier period, weighed by the fa...

Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale

Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale

Doosan Heavy Industries & Construction Co. Ltd., the debt-ridden South Korean power plant builder, is set to wrap up the first round of its debt r...

Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn

Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn

Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...

K Shipbuilding up for sale as Korean shipyards enter new boom cycle Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit halves amid sluggish chip sales