Korea to reform FX market to join MSCI developed markets
South Korea is set to reform the local currency market as the country aims to reach MSCI Inc.’s developed market status for its domestic stock...
Foreigners’ Korean stockholdings soar 180-fold in 30 years
Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...
KTB Asset invests $51 mn in Norwegian shipowner Knutsen
South Korea’s KTB Asset Management Co. and Hanwha Investment & Securities Co. have jointly invested 60 billion won ($50.7 mililion) in s...
Korea lawmakers approve record $515 bn budget for 2022
South Korea’s parliament on Dec. 3 approved a record $515 billion spending for 2022 to support a recovery in Asia’s fourth-largest econo...
Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk
The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...
Hyundai's Genesis beats Lexus' selling price in US
The rising demand for high-end vehicles, despite dwindling production caused by semiconductor shortages, are driving new vehicle prices to record hi...
SM Line sees light at the end of the tunnel: SM Group’s Woo
When SM Group, formerly known as Samla Midas Group, took over assets of bankrupt Hanjin Shipping Co., for 37 billion won ($32 million) at the end of...
SK Group to reform governance structure with stronger board of directors
SK Group will undergo a major governance reform with significant empowerment of the board of directors in making key management decisions. The group...
S.Korea sees tenfold rise in hydrogen fuel use by 2030
South Korea will sharply increase the adoption of hydrogen as a fuel of transportation, industrial plants and power generators to become the world's...
Korea to require power plants to use more renewable energy resources
South Korea plans to require domestic power companies to consume more renewable energy resources for electricity production. The move is a part of t...
S.Korea shows rare unease against US request for Samsung data
The South Korean government has expressed open concern about the recent request by the US Department of Commerce for more information on the global ...
Toss Bank debuts amid government's tightening of loans
South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. Th...
Hyundai Motor’s construction unit seeks listing in Q1 2022
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, started the process for an initial public offering (IPO) expected in the firs...
Samsung to install 51,000 air purifiers to help Australians return to school
Samsung Electronics Co. will help the students in the Australian state of Victoria in making safe returns to the classroom in a post-COVID environme...
POSCO hires ex-US envoy on N.Korea Stephen Biegun as adviser
South Korean steel giant POSCO has hired Stephen Biegun, former US deputy secretary of state, as its adviser for its American business.POSCO America...
Celltrion makes first step in streamlining governance structure
South Korea’s pharmaceutical conglomerate Celltrion Group has made its very first step in reforming corporate governance structure by merging ...
SIA analyzes satellite data for companies, government and ESG
There are about 2,000 satellites in space, orbiting the earth and generating countless images without being confined to geographical boundaries. And...
Korean beauty brand Too Cool For School is up for sale
Too Cool For School Corp., a South Korean budget makeup and beauty brand, is up for sale as its two co-CEOs and related parties aim to sell their en...
Korea proposes record budget for 2022 to speed up recovery
South Korea’s government proposed a record high spending for 2022 to reinforce a recovery in Asia’s fourth-largest economy despite a wid...
Coffeebanhada, known for robot barista, seeks investment for expansion
Coffeebanhada, a South Korean budget coffee chain operator, is seeking to attract investment from private equity funds and strategic investors.Accor...
Warehouse investments in Korea on hold after Coupang fire
South Korean landowners, in particular in the Seoul Metropolitan Area, were recently forced to stop negotiations with the would-be buyers of their l...
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Korean Air won't sell Asiana's budget carriers post-merger
Korean Air Lines Co. (KAL) will not put Asiana Airlines Inc.'s two low-cost carriers (LCCs) up for sale after it completes its 1.8-trillion-won ($1....
Samsung Heavy aims renewable energy markets with offshore wind floater
South Korea’s Samsung Heavy Industries Co. unveiled an offshore wind floater to branch out into renewable energy markets at home and abroad. ...
Govt pension fund makes first foray into overseas infrastructure
South Korea's Government Employees Pension Service (GEPS) has awarded a combined $105 million mandates to Goldman Sachs, Macquarie and Paris-based A...
Vietnam government picks Alliex to lead cashless transition
South Korea’s fintech startup Alliex Co. has kicked off a new project in Vietnam to create a common payment platform that would standardize th...
Korean won off 29-month high on government warning
The South Korean won suffered its biggest daily loss in five months against the dollar on Nov. 19, after Finance Minister Hong Nam-ki stepped up warni...
Daelim Industrial to split three ways to enhance governance, shareholder value
Daelim Industrial Co., a major South Korean builder, is splitting into three firms -- a holding company and two affiliates -- as the company seek...
Samsung Life shares rally as governance issue looms on likely stake sale
Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...
Rights offerings, IPOs could suffer if government lifts short-selling ban
While the market awaits the government's final decision on whether to extend its temporary ban on short selling, the investment banking industry is ex...
