Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO

Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO

South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...

Sixty pct of S.Koreans see their children poorer than parents

Sixty pct of S.Koreans see their children poorer than parents

Six out of 10 South Koreans believe their children will be financially worse off than their parents, marking the highest number for the country sinc...

New FSC chief nominee tough on household debt, against cryptocurrencies

New FSC chief nominee tough on household debt, against cryptocurrencies

South Korea’s incoming financial regulatory chief says his policy priority is on limiting economic and financial risks stemming from higher ho...

Tourism, aircraft take bulk of 2020 alternatives loss

Tourism, aircraft take bulk of 2020 alternatives loss

South Korea's eight leading brokerage companies, including Mirae Asset Securities Co. and Hana Financial Investment Co., are estimated to have booke...

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte to resume $4.4 bn Indonesia petrochemical project next year

Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...

Strong Korea Q2 growth keeps rate hike stance despite COVID-19 risks

Strong Korea Q2 growth keeps rate hike stance despite COVID-19 risks

South Korea's economy reported strong growth on healthy private consumption in the second quarter, keeping expectations of an interest rate hike lat...

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...

Soaring metaverse stocks face mixed outlook in Korea

Soaring metaverse stocks face mixed outlook in Korea

The share prices of South Korean metaverse companies have skyrocketed throughout this year, in an environment where fan meetings, press conferences ...

Korea’s cash-rich firms issue more bonds amid low interest environment

Korea’s cash-rich firms issue more bonds amid low interest environment

Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...

Bank of Korea sets stage for tightening after holding rates

Bank of Korea sets stage for tightening after holding rates

South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...

KT to raise $300 mn in dollar bond at record-low rates

KT to raise $300 mn in dollar bond at record-low rates

KT Corp., a South Korea's telecom company, is set to raise $300 million in a dollar corporate bond at the lowest interest rate for its foreign curre...

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...

Lotte Rental IPO to produce hefty return for NPS

Lotte Rental IPO to produce hefty return for NPS

The initial public offering of South Korea's Lotte Rental Co., set for next month, will likely produce high double-digit to low triple-digit returns...

Lotte Chemical to double LPG use as petchem makers diversify feedstock

Lotte Chemical to double LPG use as petchem makers diversify feedstock

South Korean Lotte Chemical Corp. plans to double liquefied petroleum gas (LPG) use for ethylene production by next year as the domestic industry ru...

Korean corporate bonds suffer from cooling investor sentiment

Korean corporate bonds suffer from cooling investor sentiment

South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...

LG Chem to issue up to $1bn ESG bonds; Moody’s raises outlook to positive

LG Chem to issue up to $1bn ESG bonds; Moody’s raises outlook to positive

South Korea’s largest chemical producer LG Chem Ltd. plans to issue up to $1 billion in dollar-denominated green bonds to raise funds for its ...

BOK chief signals interest rate hike within 2021

BOK chief signals interest rate hike within 2021

The Bank of Korea needs to drop its accommodative monetary stance of the past two years and to begin raising interest rates from this year, the cent...

US anti-dumping duties add to Korean tire makers' woes

US anti-dumping duties add to Korean tire makers' woes

The US trade body’s approval of anti-dumping tariffs on tire imports from South Korea, Taiwan and Thailand is adding to the woes of Korea&rsqu...

Shinsegae-Naver consortium one step closer to eBay Korea acquisition

Shinsegae-Naver consortium one step closer to eBay Korea acquisition

Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival Lotte in the prolonged race to buy the country’s third larg...

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...

Bank of Korea governor sends stronger signal to raise rates this year

Bank of Korea governor sends stronger signal to raise rates this year

South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss ...

Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown

Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown

The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...

ADT Caps hires IPO managers to speed up 2021 listing

ADT Caps hires IPO managers to speed up 2021 listing

ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...

SK, Lotte to set up hydrogen JV within 2021

SK, Lotte to set up hydrogen JV within 2021

South Korea’s major conglomerates SK Group and Lotte Group have joined hands to strengthen their foothold in the fast-growing hydrogen sector....

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Motor Co.’s Santa Fe hybrid has earned higher ratings than Toyota Motor Corp.’s Highlander, one of its strongest rivals, in an e...

Bank of Korea governor flags rate hike as economy improves

Bank of Korea governor flags rate hike as economy improves

South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...

LG Chem stock plunges -6.73%, worst dip since March

LG Chem stock plunges -6.73%, worst dip since March

LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials

South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue S.Korea’s Bebesup gains China nod for baby skincare, eyes global expansion At home, K-convenience stores battle stagnation; abroad they're powerful K-food ambassadors