Korea to ease foreign ownership limit rules; MSCI upgrade eyed
South Korea plans to ease regulations that limit foreign ownership of big companies deemed crucial to its economy as the government aims to align it...
LG Uplus offers foreign language chat service for customers
LG Uplus Corp., a South Korean telecom operator of LG Group, said on Tuesday that it had launched a foreign language chat service for its customers,...
Samsung Chairman Jay Y. Lee pledges more anonymous donations
“I want to actively participate in volunteer work but it isn't easy because my face is known.”Samsung Electronics Co. Chairman Jay Y. Le...
S.Korea logs biggest-ever current account deficit in Jan on export slump
South Korea reported its record current account deficit in January due to sluggish exports, the country’s key growth driver, and a widened tra...
Foreign investors net buyers of Korean stocks for 5th straight month
Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...
Korea’s sole foreign clinic operator CHA Healthcare to go public in 2025
CHA Healthcare Co. operating nearly 90 hospitals and infertility treatment centers across the world, is set to pave the way for South Koreans' inves...
S.Korea lags Taiwan in GNI per capita for first time since 2002
South Korea’s gross national income (GNI) per capita dropped 7.7% on-year last year, coming in below that of its smaller rival Taiwan for the ...
S.Korea-Indonesia central banks renew currency swap agreement
Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
dConstruct Robotics becomes 2nd foreign startup to win at D.Day
South Korea’s decade-old startup pitch competition D.Day has picked Singapore-based mobile robotics application developer dConstruct Robotics ...
Bangladesh: Hyundai’s next target for partially assembled Tucson SUV
Bangladesh has long been a tough market for South Korean automakers to break into, given the decades-old dominance of Japanese carmakers such as Toy...
Stock inflows to Korea slow on weak currency, valuation
A weaker South Korean currency and worries about valuation have deterred foreign investors’ appetite for local shares, casting expectations of...
Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service
Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...
Brazil approves Celltrion Pharm’s syringe facility
Celltrion Pharm Inc., a South Korean biopharmaceutical company, said on Monday it received certification from Brazil’s health regulator for it...
Hyundai Motor units mull dropping 'Hyundai' from company names
South Korea’s Hyundai Motor Group is considering dropping the word “Hyundai” from the names of its subsidiaries such as auto parts...
Lotte Hotel forms new mileage partnership with Singapore Airlines
On Wednesday, Lotte Hotels & Resorts announced its new mileage partnership with Singapore Airlines, marking the hotel group's first international ...
S.Korea doubles undocumented overseas remittance limit to $100,000
South Korea as early as June will double its annual limit on overseas remittance without evidential documents from $50,000 to $100,000.The Ministry ...
Korea returns to current account surplus in Dec but faces export slump
South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in dividend payments bu...
S.Korea to allow offshore investors to directly trade won
South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next ...
Galleria Dept. Store's sales from foreigners increase 500% for past 6 months
South Korea's department store group Galleria Department Store said on Tuesday that for the past six months (between August last year and January th...
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...
Korean won falls on firm US jobs data, new BOJ head report
The South Korean won currency skidded to a four-week low on Monday as stronger-than-expected US employment data renewed expectations that the Federa...
Hanmi's Rolvedon set to post $10 mn in Q4 net sales in US
South Korean drugmaker Hanmi Pharmaceutical Co.’s neutropenia agent, Rolvedon (eflapegrastim-xnst), is forecast to achieve about $10 million i...
Foreigners net sell S.Korean bonds for first time in four years
Foreign investors dumped South Korean bonds in Janaury, becoming net sellers of the securities for the first time in four years as they booked pro...
Foreign airlines fill hole left by Korean carriers
Foreign carriers such as Delta Air Lines and Vietnam’s VietJet Air are rapidly increasing flights to and from South Korea, filling the hole le...
Mirae Asset sees 100-fold jump in deposits 15 years after entering India
South Korea's Mirae Asset Global Investments on Wednesday marked the 15th anniversary of its incorporated company in India that now has 21 trillion ...
S.Korea's GNI per capita falls in 2022 on foreign exchange fluctuation
South Korea's gross national income (GNI) per capita last year likely fell under $35,000, a figure first reached in 2021, due to sluggish economic g...
Kookmin Bank launches foreign currency trading platform KB Star FX
South Korea's largest lender Kookmin Bank on Monday launched its new contactless platform for foreign exchange transactions dubbed KB Star FX.The on...
S.Korea to extend trading hours of local forex market
South Korea will extend the trading hours for the local foreign exchange market to attract overseas investors and improve the trading system so that...
