It's time for individual investors to bet on stocks: Carlyle's David Rubenstein
A lot of stock investors have jumped into the bullish market in recent years. But global inflation and recession appear as threats to invest...
KOGAS to cut exposure to Indonesia LNG project in 2027
The state-run Korea Gas Corp. (KOGAS) has decided to reduce its exposure to a $2.8 billion joint liquefied natural gas (LNG) project in Indonesia in...
Korea inflation hits highest point since 1998 crisis, BOK to hike rates
South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...
Korea’s minimum wage to exceed Japan’s due to forex
TOKYO – South Korea’s minimum wage per hour is poised to exceed Japan’s for the first time as early as this October.A subcommittee...
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
Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...
Corporate Korea pumps the brakes on developer pay hikes
South Korea’s biggest technology companies are taking a breather from their spending spree on hiring and retaining top developers, which has b...
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 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
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 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 Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
South Korea to cut red tape, raise student quota to grow chip talent
South Korea, home to the world’s two largest memory chipmakers, said on Tuesday it will cut administrative red tape and ease the restrictive s...
Pfizer Korea HQ sale falls through on investors' tepid interest
South Korea’s GRE Partners Asset Management Co. a real estate investment firm, has recently suspended the selling process for Pfizer Pharmaceu...
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
South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...
BOK delivers first-ever 50-bp hike to curb inflation
South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...
Commercial real estate market in Seoul shrinks in H1 2022
The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...
BOK likely to take 50-bp big step hike to curb inflation
South Korea’s central bank is expected to raise interest rates by 50 basis points (bps) on Wednesday for the first time in history to cool dow...
Korean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...
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
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
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
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
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
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...
BOK may take big-step rate hike on Fed's aggressive tightening
South Korea’s central bank may raise interest rates more than usual to rein in inflation in Asia’s fourth-largest economy after the US F...
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...
Brokerages sit on $5.3 bn of global alternative assets to sell down
Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...
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...
