South Korea’s top general trading giants embrace rising raw materials costs

South Korea’s top general trading giants embrace rising raw materials costs

Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...

Solar cells & modules, Hyundai Heavy’s hidden growth fuel

Solar cells & modules, Hyundai Heavy’s hidden growth fuel

Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...

Vale, two Korean firms to sell JV to ArcelorMittal at a loss

Vale, two Korean firms to sell JV to ArcelorMittal at a loss

Brazilian mining giant Vale SA and two South Korean steelmakers are selling their joint venture in Brazil at less than half their investment in six ...

LG Display to close LCD TV panel business for domestic use in Korea

LG Display to close LCD TV panel business for domestic use in Korea

LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...

Korea's petroleum product exports hit record-high $28 bn in H1

Korea's petroleum product exports hit record-high $28 bn in H1

South Korea’s top four oil refiners exported a combined $27.96 billion worth of petroleum products during the first half of 2022. This marked ...

Kia posts record-high double-digit profit margin in second quarter

Kia posts record-high double-digit profit margin in second quarter

Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Q2 profit down on higher raw material costs

POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

Bain Capital, Lotte Chem. among shortlisted bidders for Iljin

A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...

Korea's top refiners likely to see strong 2022 despite tax concerns

Korea's top refiners likely to see strong 2022 despite tax concerns

South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...

YG's share price surges 6.3% on news of Blackpink’s album release, concert 

YG's share price surges 6.3% on news of Blackpink’s album release, concert 

Shares of major K-pop label YG Entertainment Inc. finished Wednesday's trade 6% higher at 48,950 won ($37.52) a share, on news of Blackpink’s ...

Korea inflation at 24-year high, adds to big step views

Korea inflation at 24-year high, adds to big step views

South Korea’s inflation accelerated to a 24-year high last month, reinforcing expectations that the central bank may raise interest rates by 5...

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

Korean duty-free shops hit by unfavorable exchange rate, limited inventory

The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...

Shares in oil refiners hit by windfall tax concerns

Shares in oil refiners hit by windfall tax concerns

Two listed oil refining companies in South Korea saw a combined 1.6 trillion won ($1.2 billion) wiped off their market cap on Wednesday, after the m...

Falling nickel prices: A boon for Korean battery makers over Chinese rivals

Falling nickel prices: A boon for Korean battery makers over Chinese rivals

South Korea’s three battery players – LG Energy Solution Ltd., SK On Co. and Samsung SDI Co. – are getting a tailwind from the fal...

Korea airlines grounded by oil, currency, interest rates

Korea airlines grounded by oil, currency, interest rates

South Korea’s airlines are suffering from surging oil prices, a weaker won and rising interest rates as the global border reopening has yet to...

Korea Inc. hit by rising commodity prices, weak won, supply crisis

Korea Inc. hit by rising commodity prices, weak won, supply crisis

South Korea’s major industries, especially the petrochemical and auto parts sectors, are suffering from surging global commodity prices, a wea...

Baring PEA set to buy $1 bn stake in PI Advanced Materials

Baring PEA set to buy $1 bn stake in PI Advanced Materials

Hong Kong-based Baring Private Equity Asia is set to buy a majority stake in the world’s largest polyimide film manufacturer PI Advanced Mater...

Korea May inflation tops 5% for first time since 2008-09 crisis

Korea May inflation tops 5% for first time since 2008-09 crisis

South Korea’s inflation accelerated further in May to the fastest pace since the 2008-09 global financial crisis on surging energy and food pr...

Arianespace to rival Space X with competitive quality and price

Arianespace to rival Space X with competitive quality and price

Arianespace SA, a global leading satellite launch company, uses its applications available from space, such as telecommunications, navigation and obse...

SK On to bolster US business with Ford's EV pickup truck sales

SK On to bolster US business with Ford's EV pickup truck sales

SK On Co., South Korea’s leading electric vehicle battery manufacturer, is expected to improve production capacity as its client Ford Motor Co...

E-Mart, Lotte Shopping hit by US retailers' earnings shocks

E-Mart, Lotte Shopping hit by US retailers' earnings shocks

Shares in E-Mart Inc., South Korea’s largest supermarket chain, have been hovering near their lowest level in almost two years, on the back of...

E-Mart's conundrum over changing shopping habits

E-Mart's conundrum over changing shopping habits

For middle-class families in South Korea, it has become a morning ritual to bring the boxes of fresh produce and daily necessities delivered overnig...

Korean shipyards jittery about $20 bn in Qatar LNG ship orders

Korean shipyards jittery about $20 bn in Qatar LNG ship orders

South Korea’s Big Three shipbuilders are on edge about their orders totaling $20 billion from QatarEnergy as the state-run company is refusing...

South Koreans turned off by luxury fashion houses’ price hikes 

South Koreans turned off by luxury fashion houses’ price hikes 

A Cartier boutique inside a department store in Seoul’s posh Gangnam District was unusually slow on Tuesday. The quiet ambience was in sh...

SK Shieldus drops IPO on lukewarm demand from investors

SK Shieldus drops IPO on lukewarm demand from investors

South Korean leading security services provider SK Shieldus Co. has scrapped its plan to go public this month. Its bookbuilding gained tepid investo...

Two unopened ways Samsung Elec. bolsters share prices

Two unopened ways Samsung Elec. bolsters share prices

Samsung Electronics Co., South Korea’s largest company by market capitalization, has tried to boost its recently battered share price -- espec...

Korea April inflation hits 13-1/2-year peak; bond yields up

Korea April inflation hits 13-1/2-year peak; bond yields up

South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...

Korean golf course price likely to set new record per hole

Korean golf course price likely to set new record per hole

The price of a public golf course in South Korea has surged 35% in one and a half years to set the highest per-hole selling price for a Korean golf ...

Samsung Heavy sells undelivered drillships to PEF

Samsung Heavy sells undelivered drillships to PEF

South Korea's Samsung Heavy Industries Co. has sold its four undelivered drillships to a domestic private equity fund for a combined 1.04 trillion w...

LG Energy-led group to set up $9 bn Indonesia battery value chain

LG Energy-led group to set up $9 bn Indonesia battery value chain

A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale