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Seoul commits $204 mn to attract foreign-invested firms by 2026

Seoul commits $204 mn to attract foreign-invested firms by 2026

Foreign-invested enterprises (FIEs) to be set up in Seoul, South Korea from 2022 will receive increased incentives and reduction in office rent, acc...

Foreign brokerages dominate S.Korea list of short sellers

Foreign brokerages dominate S.Korea list of short sellers

Foreign brokerage companies have dominated the list of short sellers in South Korean stock markets since the short-selling ban was lifted on large-c...

Are Korean battery materials stocks too expensive?

Are Korean battery materials stocks too expensive?

South Korean battery materials shares have rallied with their market capitalization nearly doubling since early January thanks to strong growth in t...

Won hits 15-month low as global inflation woes spur equity outflow

Won hits 15-month low as global inflation woes spur equity outflow

The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growing worries about glob...

Samsung, SK Hynix to pay corporate taxes to foreign countries

Samsung, SK Hynix to pay corporate taxes to foreign countries

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

POSCO to transfer hydrogen steel tech to industry peers for shared growth

POSCO to transfer hydrogen steel tech to industry peers for shared growth

The Hydrogen Iron & Steel Making (HyIS) Forum led by the steelmaker POSCO officially opened Oct. 6 in Seoul with more than 1,200 industry partic...

Korea stocks, won tumble as foreigners dump $1 bn in equity futures

Korea stocks, won tumble as foreigners dump $1 bn in equity futures

South Korean stocks and the won currency lost ground with the main Kospi ending below the 3,100 mark for the first time in five weeks as foreign inv...

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

South Korea’s online content platform KidariStudio Inc. will likely attract 50 billion won ($43 million) from China’s ByteDance Ltd., th...

NPS to cut outsourcing of foreign bond investments

NPS to cut outsourcing of foreign bond investments

South Korea’s National Pension Service, the world’s third-largest pension fund, was set to reduce outsourcing of foreign bond investment...

AI edtech startup KidsLoop joins unicorn club

AI edtech startup KidsLoop joins unicorn club

Artificial intelligence-based education is similar to self-driving cars, which select the optimal transportation routes for their drivers, according...

Koreans foreign stock holdings jump to record $545.4 bn

Koreans foreign stock holdings jump to record $545.4 bn

South Koreans’ foreign stock holdings jumped 50% to an all-time high as retail investors sought high returns from US shares whose gains ramped...

S.Korean firms start training AI professionals to address talent shortage

S.Korean firms start training AI professionals to address talent shortage

South Korea’s major business groups have started to foster their own talents in the field of artificial intelligence (AI) to address the widen...

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week

The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...

Korean love for foreign stocks tops 100 tn won mark

Korean love for foreign stocks tops 100 tn won mark

South Koreans’ appetite for foreign stocks continued to grow with holdings of overseas shares by retail investors exceeding the 100 trillion w...

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....

KOGAS, Hyundai Motor Turkish unit issue foreign currency bonds at narrower spreads

KOGAS, Hyundai Motor Turkish unit issue foreign currency bonds at narrower spreads

Korea Gas Corp. (KOGAS) and Hyundai Motor Co.’s Turkish unit sold foreign currency corporate bonds at narrower spreads than their initial targ...

Defense stocks rally in response to China Xi's speech

Defense stocks rally in response to China Xi's speech

South Korean manufacturers of jet fighters, aircraft engines and weapon systems saw their share prices soaring in heavy trade on Monday, powered by ...

Short-selling ban keeps Korea from MSCI’s developed-markets index

Short-selling ban keeps Korea from MSCI’s developed-markets index

South Korea is unlikely to obtain the global index provider MSCI’s developed-market status this year with the Korean government’s decisi...

Samsung returns as foreigners’ top pick; Kospi just shy of record high

Samsung returns as foreigners’ top pick; Kospi just shy of record high

Samsung Electronics Co., the bellwether of South Korea’s main bourse, has returned as the market darling, with foreigners buying heavily on th...

Kia raises $700 mn in foreign green bonds

Kia raises $700 mn in foreign green bonds

Kia Corp. has issued its first foreign currency ESG bonds worth $700 million to strengthen its investment in electric vehicles and other eco-friendl...

Foreigners return to Korean market; Kosdaq at near 21-year high

Foreigners return to Korean market; Kosdaq at near 21-year high

Foreign investors, the dominant players on the Korean bourse, are returning as buyers of Samsung Electronics Co. and other blue chips, keeping the m...

Naver issues $500 million in first foreign debt amid strong demand

Naver issues $500 million in first foreign debt amid strong demand

South Korea’s top online portal Naver Corp. has successfully issued its first foreign currency bonds worth $500 million amid strong demand as ...

BOK posts record 2020 net income on higher foreign asset gains

BOK posts record 2020 net income on higher foreign asset gains

The Bank of Korea paid the second-highest amount of tax revenue in the country last year, trailing only Samsung Electronics Co., after the South Kor...

Shares of Samsung, Hynix subdued amid foreign selling spree

Shares of Samsung, Hynix subdued amid foreign selling spree

Foreign investors, the dominant players on the Korean bourse, are dumping leading chipmakers such Samsung Electronics Co. and SK Hynix Inc., keeping...

Young, female, foreign: Hyundai Motor Group’s new BOD

Young, female, foreign: Hyundai Motor Group’s new BOD

South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...

Naver Webtoon taps foreign investors ahead of US listing

Naver Webtoon taps foreign investors ahead of US listing

Global webtoon (digital comics) platform Naver Webtoon is paving the way to a listing in the US market, reaching out to foreign investors for pre-...

HOLD Naver Webtoon taps foreign investors ahead of US listing

HOLD Naver Webtoon taps foreign investors ahead of US listing

Global webtoon (digital comics) platform Naver Webtoon is paving the way to a listing in the US market, reaching out to foreign investors for pre-...

Retail investor buying, foreign selling hit fresh highs on Kospi

Retail investor buying, foreign selling hit fresh highs on Kospi

Foreign investors sold a record volume of shares on South Korea’s main bourse on Nov. 30, triggering a sharp fall in the main stock index, whi...

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 $...

Samsung shares hit historic high as foreign investors scoop up net $2.3 bn

Samsung shares hit historic high as foreign investors scoop up net $2.3 bn

Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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