foreign exchange rate
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Banking & Finance
Toss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and...
Apr 18, 2024 (Gmt+09:00)
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Korean startups
Korea’s Catchtable eyes offshore table reservation markets
Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, is considering offering Catchtable ...
Apr 17, 2024 (Gmt+09:00)
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Foreign exchange
Korean won at 17-month low on Middle East woes, Fed rate view
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar lev...
Apr 16, 2024 (Gmt+09:00)
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Corporate bonds
LH issues $193 mn Brazilian bonds
Korea Land & Housing Corporation (LH) announced on Tuesday that it had issued Brazilian real-denominated bonds worth approximately 270 billion w...
Apr 16, 2024 (Gmt+09:00)
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Corporate bonds
Brokerage firms' bonds draw investors amid rate cut hopes
South Korean brokerage firms are ramping up sales of long-term bonds to refinance their loans by repaying short-term debts in hopes of a rate cut by...
Apr 16, 2024 (Gmt+09:00)
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Economy
As many as one in 10 residents in South Korea likely to be foreign by 2042
The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s to...
Apr 11, 2024 (Gmt+09:00)
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Foreign exchange
Won at 17-month low vs dollar on reduced US rate cut bets
The Korean won weakened to its lowest level in 17 months against the dollar on Thursday, after stronger-than-expected US inflation data dented hopes...
Apr 11, 2024 (Gmt+09:00)
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Arts
Hyundai Card, MoMA partner to support young artists, curators
South Korea’s leading credit card company Hyundai Card Co. said on Tuesday it is collaborating with the Museum of Modern Art (MoMA) in New Yor...
Apr 09, 2024 (Gmt+09:00)
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ECM/DCM
LG Electronics seeks to sell global bonds, 1st time in 12 yrs
LG Electronics Inc. is seeking to issue dollar-denominated bonds, its first global bond sale in 12 years, according to people with knowledge of the ...
Apr 08, 2024 (Gmt+09:00)
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Private equity
Carlyle’s Rubenstein sees commercial real estate undervalued
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breat...
Apr 08, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Card launches card for overseas payments
KB Kookmin Card, a credit card unit of KB Financial Group, announced on Monday that it launched the WE:SH Travel credit card that offers benefits sp...
Apr 08, 2024 (Gmt+09:00)
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Corporate bonds
Korean firms' bond sales hit record in Q1 amid rate cut signal
Corporate bond issuance in South Korea hit a record in the first quarter of this year amid growing expectations of the Federal Reserve’s rate ...
Apr 05, 2024 (Gmt+09:00)
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Corporate bonds
Hyundai Motor regains AAA credit rating after 4 years
Hyundai Motor Co. regained its top AAA credit rating for the first time since the end of 2019.NICE Investors Service on Tuesday upgraded Hyundai Mot...
Apr 03, 2024 (Gmt+09:00)
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Food & Beverage
Hollys Coffee goes to Japan as Korean franchises turn gaze abroad
Hollys Coffee, a unit of South Korea’s KG Group, is opening its first overseas outlet in Osaka, Japan, riding on the popularity of Korean cult...
Apr 02, 2024 (Gmt+09:00)
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Asset management
Fed rate cuts will be faster than market consensus: TCW
Investors tend to rush to fixed-income markets when recession risk rises. South Korean investors are no exception – retail investors have been...
Apr 02, 2024 (Gmt+09:00)
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Economy
Korea’s rate cut hope wanes with inflation above 3% in March
South Korea’s headline inflation stayed above 3% for two straight months in March on a surge in fruit and vegetable prices coupled with higher...
Apr 02, 2024 (Gmt+09:00)
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Electronics
LG Electronics unveils UltraGear OLED gaming monitors
LG Electronics Inc. announced on Monday that it unveiled LG UltraGear gaming monitors that can switch resolution and refresh rate according to conte...
Apr 01, 2024 (Gmt+09:00)
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Korean stock market
Foreign buying of Korean stocks hit record high in Q1
Foreign investors gobbled up a record 15.8 trillion won ($11.7 billion) worth of stocks listed in South Korea during the first three months of this ...
Mar 31, 2024 (Gmt+09:00)
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Sovereign bonds
Euroclear to trade S.Korean treasuries via omnibus account from June
The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for ...
Mar 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to nearly double ultra-fast EV chargers by 2024
Hyundai Motor Group is set to increase its ultra-fast electric vehicle chargers across South Korea from current 286 to 500 by next year, the auto gi...
Mar 24, 2024 (Gmt+09:00)
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Retail
E-Mart's credit rating drops on weak retail earnings
The credit rating of E-Mart Inc., South Korea’s top hypermarket chain operator, was downgraded to AA- by local agency NICE Information Service...
Mar 22, 2024 (Gmt+09:00)
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Banking & Finance
Korean savings banks swing to loss after 9 years
South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...
Mar 22, 2024 (Gmt+09:00)
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Corporate bonds
Hanwha Hotels & Resorts credit rating upgrades to A-
South Korea's Hanwha Hotels & Resorts announced on March 21 that Korea Ratings and Korea Investors Service elevated the company's corporate bond...
Mar 21, 2024 (Gmt+09:00)
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Energy
SK Enmove in talks to deliver liquid cooling system to US tech firm
South Korea’s lube oil maker SK Enmove Co. is seeking to supply liquid immersion cooling systems for data centers of a US technology company, ...
Mar 21, 2024 (Gmt+09:00)
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Travel & Leisure
Interpark Triple launches travel platform Triple Korea
South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign touri...
Mar 19, 2024 (Gmt+09:00)
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Foreign exchange
Korean investors’ yen savings flirt with record high
South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticip...
Mar 19, 2024 (Gmt+09:00)
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Banking & Finance
Korea's BC Card launches Trip.Pass for foreign visitors
South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the dome...
Mar 19, 2024 (Gmt+09:00)
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Banking & Finance
BNK Capital raises $41.5 mn in foreign currency
South Korea’s BNK Capital announced on Monday that it raised $41.5 million in foreign currency funds from overseas state-owned banks.This is...
Mar 18, 2024 (Gmt+09:00)
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Regulations
South Korea gets tough with Chinese platforms AliExpress, Temu, Shein
South Korea plans to introduce a get-tough e-commerce policy on Chinese platforms such as AliExpress, Temu and Shein amid increasing complaints abou...
Mar 13, 2024 (Gmt+09:00)
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Retail
Premium children's brands buck falling birth rate in Korea
Premium children's clothing and food brands have bucked the economic slowdown in a country grappling with the world’s lowest birth rate as Sou...
Mar 12, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet