market average rate
Scope
Date
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Bio & Pharma
LG Chem in $95.5 million drug out-licensing deal with China’s Innovent
LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., and China’s biotech company Innovent Biologics have entered into a strategi...
Dec 15, 2022 (Gmt+09:00)
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Travel & Leisure
S.Korea's golf course market doubles in value over 10 years
The value of South Korea's market golf course market now equals 98.5% of Japan's.The Korea Leisure Industry Institute (KLII) on Thursday released a ...
Dec 15, 2022 (Gmt+09:00)
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Markets
Korea Exchange, Uzbek Ministry of Finance sign agreement for cooperation
The Korea Exchange (KRX) has agreed to cooperate with the Ministry of Finance of Uzbekistan on the maintenance of the stock market IT system. T...
Dec 13, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor enters Israeli market for hydrogen-powered trucks
Hyundai Motor Co. is expanding in the Middle East through the debut in Israel of its hydrogen fuel cell truck line Xcient. The carmaker on Tuesday ...
Dec 13, 2022 (Gmt+09:00)
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IPOs
Bionote slashs IPO price to 9,000 won, 50% lower than previous valuation
Everybody is aware that investment fever on biotech firms has already cooled due to rising interest rates and concerns over the fizzling economy, an...
Dec 13, 2022 (Gmt+09:00)
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Electronics
LG Electronics to launch two OLED gaming monitor models in US
South Korea's electronics giant LG Electronics Co. announced on Monday that starting on the same day it would release the world's first OLED gaming ...
Dec 12, 2022 (Gmt+09:00)
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Energy
Doosan Enerbility gets int'l certification for offshore wind power system
South Korea's heavy industry company Doosan Enerbility Co. on Monday said it is Korea's first to receive international certification for an eight-me...
Dec 12, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia on course for record EV sales in Europe
Hyundai Motor Group, South Korea’s top carmaker, is on course for record electric vehicle sales in Europe, with its new models' expansion in t...
Dec 11, 2022 (Gmt+09:00)
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Travel & Leisure
Lordsystem, NHN Doctortour agree to promote mobile passport authentication service
South Korea’s two companies, Lordsystem and NHN Doctortour, decided to cooperate on mobile passport identity verification services, which wi...
Dec 09, 2022 (Gmt+09:00)
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Economy
Korea October current account surplus tumbles as exports slide
South Korea’s current account surplus plunged as exports fell for a second straight month, adding to concerns over a slowdown in Asia’s ...
Dec 09, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharmaceuticals launches epilepsy drug in France
South Korean SK Biopharmaceuticals Co. said on Friday that its treatment of epilepsy "Cenobamate" has been approved for sale in France.The company l...
Dec 09, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Baring PEA breaks $1 bn PI Advanced Materials buyout deal
Hong Kong-based Baring Private Equity Asia has broken a deal to buy a majority stake in the world’s largest polyimide film manufacturer PI Adv...
Dec 08, 2022 (Gmt+09:00)
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Energy
Iljin Electric moves into DC power transmission device market
Iljin Electric, an integrated heavy electric device unit of South Korea's Iljin Group, will participate in the domestic MVDC (medium-voltage direct ...
Dec 08, 2022 (Gmt+09:00)
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Korean SMEs
Home&Shopping partners with K-Market to explore opportunities in Vietnam
Home & Shopping, South Korea's home shopping channel specializing in products of small- and medium-sized enterprises (SMEs), announced on Th...
Dec 08, 2022 (Gmt+09:00)
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Electronics
Microdisplays poised to emerge in growing XR market
The slowly growing extended reality (XR) market next year is expected to explode as global big tech companies get ready to launch augmented (AR) and v...
Dec 08, 2022 (Gmt+09:00)
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IPOs
Naver affiliate Line Games seeks $756 million IPO in Korea
Line Games Corp., an affiliate of South Korea’s internet giant Naver Corp., plans to list its shares on the Korean stock market via an initial...
Dec 07, 2022 (Gmt+09:00)
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E-commerce
Shopee Korea widens logistics service range for Thailand
Shopee Korea, an e-commerce platform for Southeast Asian and Taiwanese customers, said on Wednesday that it would expand the Shopee Logistics Service ...
Dec 07, 2022 (Gmt+09:00)
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ESG
SK Chemicals obtains highest ESG rating among listed companies
SK Chemicals obtained the highest grade in a recent ESG (environmental, social, and governance) rating evaluation of 1,033 listed companies, the com...
Dec 07, 2022 (Gmt+09:00)
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Venture capital
Daol Financial Group to let go of VC affiliate, hit by liquidity crunch
The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...
Dec 06, 2022 (Gmt+09:00)
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ESG
Kumho Tire receives silver medal from EcoVadis
Kumho Tire Co. announced on Tuesday that it received a silver medal from EcoVadis, a global ESG (environmental, social, and governance) evaluation a...
Dec 06, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Shinsegae Int'l secures domestic sales rights for Italian brand Davines
South Korea's fashion retail giant Shinsegae International on Monday said it has acquired the domestic rights to sell the Italian haircare brand Dav...
Dec 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. completes SKC's industrial film unit takeover for $1.2 bn
South Korean private equity firm Hahn & Co. has completed a 1.6 trillion won ($1.2 billion) deal to wholly acquire the industrial film business ...
Dec 05, 2022 (Gmt+09:00)
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Capital raising
Nearly half of Korean firms plan no domestic investment next year
Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...
Dec 05, 2022 (Gmt+09:00)
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Petrochemicals
LG Chem unveils eco-friendly bioplastic, supplies to US toy firm Mattel
LG Chem Ltd., South Korea’s largest chemicals maker, has unveiled a new eco-friendly high-performance bioplastic and supplied it to Mattel Inc...
Dec 05, 2022 (Gmt+09:00)
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Bio & Pharma
LabGenomics, NGeneBio join forces for US market
Korea's two diagnostics companies, NGeneBio Co. and LabGenomics Co., signed a memorandum of understanding (MOU) on Thursday to cooperate in the fiel...
Dec 02, 2022 (Gmt+09:00)
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Economy
Korea inflation at 7-mth low; BOK may slow rate hike pace
South Korea’s headline inflation hit a seven-month low in November as rises in agricultural and petroleum product prices slowed, adding to exp...
Dec 02, 2022 (Gmt+09:00)
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Economy
Average household debt in South Korea exceeds $69,000 so far this year
The average household debt in South Korea has exceeded 90 million won ($69,284). While the figure appears to be high by Korean standards, average ho...
Dec 01, 2022 (Gmt+09:00)
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Economy
Korea exports dip for 2nd month, growth slows to 1-year low
South Korea’s exports reported a decline for a second straight month in November on sluggish semiconductor sales, darkening the outlook for As...
Dec 01, 2022 (Gmt+09:00)
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Arts
Yeolmae and Company emerges as major player in secondary art market
South Korean startup Yeolmae and Company, which operates ArtnGuide, has recently emerged as a significant player in the art market.ArtnGuide is an o...
Dec 01, 2022 (Gmt+09:00)
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Food & Beverage
Daesang Welllife forms joint venture with Sinopharm Group
Daesang Welllife on Thursday said it has concluded a memorandum of understanding (MOU) with China Sinopharm International, an affiliate of China's l...
Dec 01, 2022 (Gmt+09:00)
Latest News
- 1 S.Korea eases path for foreign REITs in senior housing push
- 2 Koramco targets $7 bn bets on Korea data centers
- 3 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 4 South Korea accelerates stablecoin framework in global race
- 5 Lee vows policy overhaul to spur dividend payouts