Hyundai Motor, KT in $540 million share swap deal for future mobility

Hyundai Motor, KT in $540 million share swap deal for future mobility

South Korea’s Hyundai Motor Group and telecom giant KT Corp. have agreed to expand their future mobility partnership through a 750 billion won...

Korea inflation slows, but BOK may still hike interest rates

Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

Korean big-box stores see credit rating downgrades

Korean big-box stores see credit rating downgrades

Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...

Korea to cut spending in 2023, first time in 13 years

Korea to cut spending in 2023, first time in 13 years

South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...

Korea's NPS posts 8% loss from investment in H1 2022

Korea's NPS posts 8% loss from investment in H1 2022

National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

KKR, Anchor Equity tipped to exit from TMON in 7 yrs

KKR, Anchor Equity tipped to exit from TMON in 7 yrs

KKR & Co. and Anchor Equity Partners have tentatively agreed to sell their majority stake in South Korea’s e-commerce player TMON Inc. to ...

BOK delivers fourth straight rate hike as inflation persists

BOK delivers fourth straight rate hike as inflation persists

South Korea’s central bank on Thursday delivered its fourth interest rate hike in a row for the first time in its history as the monetary auth...

Korea’s mounting trade deficit knocks won to 13-year low

Korea’s mounting trade deficit knocks won to 13-year low

South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...

Seoul National University to set up first overseas campus in Vietnam

Seoul National University to set up first overseas campus in Vietnam

Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...

Samsung Elec. unveils Odyssey Ark, 55-inch curved gaming screen

Samsung Elec. unveils Odyssey Ark, 55-inch curved gaming screen

Samsung Electronics Co. on Monday announced the global launch of Odyssey Ark, the world’s first 55-inch 1000R curved gaming screen. 100...

Korea's small PE firms putting fundraising plans off to 2023

Korea's small PE firms putting fundraising plans off to 2023

South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...

Korea Inc. rushes to cut debt as interest rates surge

Korea Inc. rushes to cut debt as interest rates surge

South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...

Japan’s multifamily assets shine amid market volatility: Savills IM

Japan’s multifamily assets shine amid market volatility: Savills IM

Multifamily assets have been a key investment target due to their resilience amid economic volatility. Japan, with the largest real estate market in...

KOGAS to cut exposure to Indonesia LNG project in 2027

KOGAS to cut exposure to Indonesia LNG project in 2027

The state-run Korea Gas Corp. (KOGAS) has decided to reduce its exposure to a $2.8 billion joint liquefied natural gas (LNG) project in Indonesia in...

Korea inflation hits highest point since 1998 crisis, BOK to hike rates

Korea inflation hits highest point since 1998 crisis, BOK to hike rates

South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...

LG to benefit from global mid-sized OLED TV sales growth

LG to benefit from global mid-sized OLED TV sales growth

Medium-sized organic light-emitting diode (OLED) TVs are in the spotlight in the global premium TV market, where consumers have preferred larger scr...

Pfizer Korea HQ sale falls through on investors' tepid interest

Pfizer Korea HQ sale falls through on investors' tepid interest

South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis

The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...

Commercial real estate market in Seoul shrinks in H1 2022

Commercial real estate market in Seoul shrinks in H1 2022

The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...

BOK likely to take 50-bp big step hike to curb inflation

BOK likely to take 50-bp big step hike to curb inflation

South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...

Korean won forecast to weaken further after hitting 13-year low

Korean won forecast to weaken further after hitting 13-year low

The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...

Korea inflation at 24-year high, adds to big step views

Korea inflation at 24-year high, adds to big step views

South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...

Military fund to raise payouts with interest rate increases

Military fund to raise payouts with interest rate increases

South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

Korea won at 13-year low on recession fears amid tightening

Korea won at 13-year low on recession fears amid tightening

South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...

Foreign ownership of S.Korean stocks at 13-year low

Foreign ownership of S.Korean stocks at 13-year low

Foreign investors’ stockholdings in South Korea have plunged to their lowest level in nearly 13 years, dealing a heavy blow to the domestic st...

Korea airlines grounded by oil, currency, interest rates

Korea airlines grounded by oil, currency, interest rates

South Korea’s airlines are suffering from surging oil prices, a weaker won and rising interest rates as the global border reopening has yet to...

BOK may take big-step rate hike on Fed's aggressive tightening

BOK may take big-step rate hike on Fed's aggressive tightening

South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...

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