S.Korea plans to tighten ability-to-repay rules
South Korea's new household lending rules, set to be unveiled next month, will center on tightening the assessment of borrowers' repayment capabilit...
Market boom drives more S.Koreans to become angel investors
Angel investing has become widely prevalent among South Koreans. The practice of providing capital for new and small business ventures, which were t...
Korea’s top cryptocurrency exchange operator becomes decacorn
Dunamu Inc., the operator of South Korea’s top cryptocurrency exchange Upbit, became a decacorn, a company valued at over $10 billion.Dunamu h...
Cosmetics startup Birdview readies for 2022 listing
South Korea-based Birdview, the operator of leading cosmetics platform Hwahae, is aiming to make a trading debut as early as the first half of nex...
Fried chicken chain BHC to pay $255 mn for Outback Steakhouse Korea
South Korea’s No. 2 fried chicken brand BHC Group is set to spend $255 million to acquire the Korean operations of Outback Steakhouse, an Aust...
Brookfield to name Hahn & Co exec as Korean office head
Brookfield Asset Management Inc. will name Jun Park, a top manager of Seoul-based private equity firm Hahn & Co., as the new head of its South K...
Hyundai Heavy IPO creates largest shipbuilder on Kospi
Hyundai Heavy Industries Co. successfully went public on Sept. 17 by closing at almost double its IPO price. The stock price closed at 111,500 won (...
Samsung C&T, S-Oil in hydrogen transport partnership
Samsung C&T Corp., the construction and trading arm of Samsung Group, has tentatively agreed with S-Oil Corp. to cooperate in securing overseas ...
KB Fin, Shinhan invest in Sweden's wind farm via joint fund
South Korea's two banking giants -- KB Financial Group and Shinhan Financial Group -- have invested a combined 80 billion won ($68 million) in a win...
Korea’s Halla to enter EV battery materials business
South Korea’s auto parts supplier Halla Holdings Corp. is making inroads into the electric vehicle battery materials business.Halla said on Se...
Industrial Bank of Korea to sell $500 mn bond at lower cost
Industrial Bank of Korea (IBK) is slated to raise $500 million in dollar corporate bond at a lower-than-planned cost on strong demand.IBK decided to...
High-priced drugs add to pressure for Korea's healthcare reform
A number of new rare disease treatments, approved in South Korea over the past year, are still unaffordable for the public because of their price ta...
North Korea fires two ballistic missiles off its East Coast
SEOUL—North Korea launched two ballistic missiles off its east coast on Wednesday, South Korean and Japanese officials said, in Pyongyang&rs...
Asia’s Covid-19 Success Stories Warily Ponder Post-Vaccination Moves
Earlier this month, Singapore reached a Covid-19 milestone: The fully vaccinated portion of the population crossed 80%. But instead of moving ahead wi...
IB firms enter tough race for SSG.COM IPO underwriting deal
The race to become the lead underwriter for the IPO of Shinsegae Group’s e-commerce brand SSG.COM is getting fierce. A total of nine instituti...
S.Korea fines Google $180 mn for operating system market abuse
South Korea's Fair Trade Commission (FTC) on Tuesday imposed a fine of 207.4 billion won ($180 million) on Google, alongside a correction order, aft...
Tech crackdown bites Korea Inc.
Investors are selling technology stocks in a major Asian economy on regulatory worries just as one of the country’s biggest online payment com...
Millennials now S.Korea’s largest buyer of luxury goods
The millennials have become the largest spenders on luxury goods at department stores in South Korea. According to joint research by The Korea Econo...
S.Korea's potential growth rate drops to record low
The COVID-19 pandemic has dampened South Korea's growth potential between this year and the next by 0.2 percentage points to its historic low of 2.0...
Korea refiners' recovery accelerates on strong margins
South Korean refiners are gathering recovery momentum as refining margins hit a two-year high on falling petroleum product supply from China and r...
Hydrogen: Next big thing for stock investors in Korea
In 2009, battery makers were barely on the radar in South Korea when it comes to stock investment. Back then, the rechargeable battery industry was ...
Korea content platform startup to buy Getty Images unit
A South Korean content platform startup OGQ Corp. is set to take over the world’s leading stock content company Getty Images Inc.’s unit...
Korea postpones forex bond sale to October
South Korea’s government delayed a sale of foreign exchange stabilization fund bonds to next month, disrupting local companies’ plans to...
Ruling party calls for BOK's active role to aid COVID victims
South Korea's ruling Democratic Party has called on the Bank of Korea (BOK) to take a more active role to aid pandemic-hit small business operators ...
Korea silicon anode materials makers to see quantum leap in demand
The global silicon-based anode materials market is gathering momentum as demand is expected to outpace supply on increasing production of electric v...
Korea’s Simone: Rise from replica handbag maker to luxury brand
UIWANG, Gyeonggi Province – Simone Acc. Collection Ltd., a South Korean luxury handbag maker, stresses one interesting number to its clients w...
Korea’s Genome & Company aims US CMO market
South Korea’s microbiome medicine developer Genome & Company geared up for entering the U.S. market to boost profits and make inroads into...
Taihan Cable lands $36 mn US infrastructure deal ahead of LA Olympics
South Korea’s oldest electric wire maker Taihan Cable & Solution Co., formerly known as Taihan Electric Wire Co. until under IMM PE’...
Amazon Global Store shakes up S.Korea’s e-commerce scene
Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...
S.Korea to allow brokerages to trade carbon credits
Financial services companies, including brokerage firms, will be able to participate in South Korea's carbon emission trading market by year's end a...
