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...
Asiana Airlines completes transforming cargo carriers to passenger planes
South Korean airline Asiana Airlines Inc. has returned all seven aircraft converted into cargo carriers during the COVID-19 pandemic to passenger pl...
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...
Foreigners turn net buyers of Korean stocks as China reopens borders
South Korean stocks are gaining momentum at the beginning of the new year as foreigners have turned net buyers on expectations of China's border reo...
Global VCs urge S.Korea to train lawyers on int'l contracts
Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...
Smart Study Venture creates $28.4 million Baby Shark Tourism Fund
Smart Study Ventures, a corporate venture capital (CVC) affiliated with The Pinkfong Company, said on Thursday that it has created a "Baby Shark Nex...
KEXIM bank issues $3.5 billion in foreign currency bonds
The Export-Import Bank of Korea on Thursday said it issued a record-high $3.5 billion in global bonds to investors worldwide.The government-run bank...
Hotels in top Seoul tourist area on sale due to rate hikes
South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...
GS Retail to introduce forex kiosks in convenience stores
South Korea's convenience store franchiser GS Retail said on Monday that it would introduce foreign currency exchange kiosks at its convenience st...
Korean food unappealing on lack of promotions: study
Despite the global popularity of Korean food, a poll says the cuisine has a long way to go in seeing development as a business sector.The Korea Comm...
Koreans buy $2.7 billion Tesla shares this year, favorite foreign stock
Tesla, Inc. was the investors’ choice in South Korea this year, ahead of other overseas stocks.According to the Korea Securities Depository he...
CU to make instant VAT refund for foreign customers
BGF Retail, a franchiser that operates convenience store chain CU, said on Tuesday that it would implement an instant VAT refund service for foreign...
Chinese regulator approves Korean Air-Asiana merger
The merger between South Korea's two leading airlines Korean Air Lines Co. and Asiana Airlines Inc. passed a hurdle as China's antitrust watchdog ga...
Foreign airlines gnaw at Korean LCCs on international flight routes
South Korea’s budget airlines are facing growing competition with foreign carriers on profitable international routes with the reopening of ai...
Korea to retain more skilled foreign workers with visa status upgrade
South Korea plans to more than double the number of skilled foreign workers next year as the country is struggling with a declining workforce at its...
KSOE joins race to buy marine engine maker STX Heavy Industries
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Ind...
Shinsegae chairwoman maintains most expensive house in Korea
South Korean retail giant Shinsegae Group Chairwoman Lee Myung-hee has maintained the most expensive house for an eighth straight year in South Kore...
S.Korean battery sector scrambles for talented manpower
South Korea’s battery industry has suffered from a talent shortage, especially in the research and development, design as well as process sect...
South Korea needs to attract more foreign professionals: FKI
In order to address the chronic shortage of industrial engineering manpower, a research report proposed that South Korea put more effort into attracti...
Korea's foreign exchange reserves last month see first rise in 4 months
Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...
Korea to reform market rules to boost foreign investment
South Korea will reform financial market regulations to attract more foreign investments and to achieve MSCI Inc.’s developed market status fo...
Seoul reclaims spot as Japanese tourists' top destination after 11 yrs: HIS
Seoul has become the top destination for Japanese tourists for the first time since 2011, according to Japan’s leading travel agency HIS Gro...
Number of tourists to S.Korea, Japan surge on eased visa restrictions
As restrictions to traveling across national borders loosen, the number of international travelers to both South Korea and Japan have been on the ri...
South Korea's listed companies suffer 26% drop in operating profit in Q3
South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last...
Intensify 'friend-shoring' to boost foreign direct investment: Baldwin
Global businesses are forecast to suffer supply chain disruptions next year amid worsening geopolitical risk, such as the Russia-Ukraine war and pro...
Foreign PE firms on hunt for Korea Inc. with strong dollar
Foreign private equity firms have taken advantage of the strong dollar to dominate corporate acquisition deals in South Korea, adding to expectation...
S.Korea to widen tech gap with global shipbuilding rivals
South Korea, the world’s largest shipbuilding country, will expand its production of high-value-added specialized vessels, such as liquefied h...
Foreigners in year's longest Korean buying streak; chipmakers top picks
Foreign investors have returned to the South Korean market, snapping up chip industry leaders such as Samsung Electronics Co. and SK Hynix Inc. for ...
S.Korea exempts foreign investors from treasury bond tax
South Korea on Oct. 17 started exempting foreign investors from two types of taxes on Korean treasury bonds and monetary stabilization bonds investm...
