Korean Dongkuk Steel profits surge as Brazil CSP turns profitable
Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...
Korea’s 2021 current account surplus misses BOK forecast
South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...
Korean bank profits at record-high as borrowers struggle under debt
South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bi...
Samsung’s Galaxy S22 Ultra: Setting new smartphone standard
Samsung Electronics Co. on Wednesday announced new additions to its Galaxy S series models as the world’s top smartphone maker by volume faces...
Korea bond yields near four-year highs on extra budget
South Korea’s government bond yields jumped to their highs in almost four years as lawmakers sought to raise a supplementary budget to up to $...
Hyundai to debut IONIQ 6 in July to rival Tesla Model 3
Hyundai Motor Co. will unveil the much-anticipated IONIQ 6, its first all-electric sedan on an exclusive EV platform, in July, to compete with the l...
Teachers' Pension posts record-high 12% return in 2021
Korea Teachers’ Pension (KTP) has said the rate of return from its investment management in 2021 reached 12%, the highest ever since its inc...
Grade-A office deals in Seoul hit record-high $14 bn in 2021: JLL
Grade-A office transactions in Seoul hit a record high of 17.1 trillion won ($14.2 billion) in 2021, breaking the 16.6 trillion won record set in 20...
Korea’s record trade deficit stirs capital outflow fears
South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...
IMM to buy Samsung Life stake once owned by Jay Y. Lee's sister
IMM Private Equity is set to acquire a 1.73 percent stake in Samsung Life Insurance Co., according to investment banking sources on Jan. 27. The sta...
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...
S. Korea's economic growth jumps to 11-year high
South Korea recorded 4% economic growth in 2021 – its highest jump in 11 years – according to the country’s central bank. The Ban...
Corporates raise record-high $193 bn via stakes, bonds in 2021
Korean companies raised capital of 231.5 trillion won ($193.2 billion) through stock and bond issuance in the domestic market in 2021, according t...
IGIS, Shinhan post 70% return a year from Amazon warehouse sale
A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Warehouse deals in greater Seoul area hit record high in Q4
The total deal volume of Seoul metropolitan area-based grade-A logistics centers hit a record high of 7.2 trillion won ($6.1 billion) last year. A g...
Hyundai Motor aims to triple Genesis G90 sales by 2023
Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...
POSCO plans to cancel treasury shares in its holding firm
Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Kosdaq: Will January effect occur in 2022?
South Korea’s tech-heavy Kosdaq index tends to rise every January as many Korean retail investors rush to dump their stocks just before the ex...
LG Energy to heat up Korea’s record IPO market in 2022
South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...
Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV
South Korea’s leading petrochemical company SK Geo Centric Co. and Japan’s chemicals producer Tokuyama Corp. plan to found a joint ventu...
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Korea’s No. 2 art auction house to go public in Jan
K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...
Korean Air to fly high on China’s cargo conversion ban
Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...
Kimchi on track for first trade surplus in 12 years
Kimchi exports hit record high Kimchi, Korea’s traditional fermented food, is raising its status in the global food market. Korea exported $1...
Korea textiles reborn as eco-friendly, high-tech
South Korea’s textile sector is reviving as a high value-added growth business with advanced technology. The business, once a leading industry...
Korea sets up smart farm in UAE, envisions more projects in Middle East
South Korea is building a smart farm in the Middle East desert with technology enabling the growth of various crops while minimizing water consumpti...
S.Korea's Oct c/a surplus down 40% on oil price rises
South Korea's current account surplus in October narrowed by 40% from a year earlier, with the rapid rise in crude oil and raw material prices offse...
