Korea’s consumer inflation reaches 3.6% in 2023 on high utilities

Korea’s consumer inflation reaches 3.6% in 2023 on high utilities

South Korea’s consumer prices rose 3.6% this year, driven by the biggest jump in utility bills since 2010 and high inflation in agricultural p...

Kakao Mobility's talks to acquire FreeNow in deadlock

Kakao Mobility's talks to acquire FreeNow in deadlock

Kakao Mobility Corp.’s ambition to go global has hit a roadbock after its parent group Kakao Corp. rejected its draft bid to buy Germany-based...

Korean office, warehouse transactions plunge in Q1-Q3

Korean office, warehouse transactions plunge in Q1-Q3

The South Korean commercial real estate market saw its transaction value during the first three quarters of this year reach 10.9 trillion won ($8.4 ...

Ocean carrier HMM's share price gains put KDB in hot seat

Ocean carrier HMM's share price gains put KDB in hot seat

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

DNA testing kit maker Celemics eyes foray into US, India

DNA testing kit maker Celemics eyes foray into US, India

Celemics Inc., a South Korean diagnostic reagent producer, is gearing up for its foray into the US and India next year in its first step toward glob...

Hyundai to sell Russian car plants at about $100 for exit

Hyundai to sell Russian car plants at about $100 for exit

Hyundai Motor Co., South Korea’s top carmaker, has decided to sell its plants in Russia for only about $100 to a local company although it has...

LG Display plans $1 bn rights offering for smaller OLED biz

LG Display plans $1 bn rights offering for smaller OLED biz

LG Display Co., the world’s top manufacturer of large-size organic light-emitting diode (OLED) panels, said on Monday it plans to raise 1.36 t...

SUVs: Name of the game in 2023 South Korean auto market

SUVs: Name of the game in 2023 South Korean auto market

Back in the 1970s, when simply having a car was a status symbol in South Korea, a four-door passenger sedan was the car of choice. And Hyundai Motor...

MBK raises Hankook bid price, asks FSS to probe Cho's stock purchase

MBK raises Hankook bid price, asks FSS to probe Cho's stock purchase

The sibling rivalry for control of Hankook & Company Co., the holding firm of South Korea’s largest tire maker Hankook Tire & Techno...

Hankook prepared to defend MBK Partners’ takeover bid: Chairman Cho

Hankook prepared to defend MBK Partners’ takeover bid: Chairman Cho

Cho Hyun-bum, chairman of Hankook & Company Co., the holding firm of South Korea’s top tire maker Hankook Tire & Technology Co., said ...

LS Materials’ share price quadruples on Kosdaq debut

LS Materials’ share price quadruples on Kosdaq debut

The share price of LS Materials Co., a South Korean energy storage device maker, quadrupled on its Kosdaq market debut Wednesday given its rosy earn...

Cho Yang-rai to fight back in MBK Partners’ bid to acquire Hankook Tire

Cho Yang-rai to fight back in MBK Partners’ bid to acquire Hankook Tire

Cho Yang-rai, honorary chairman of Hankook & Company Co., has vowed to fight MBK Partners Ltd.’s bid to take over the holding company of S...

Korean shipbuilders shrug off concerns over lower new ship prices

Korean shipbuilders shrug off concerns over lower new ship prices

South Korean shipbuilders shrugged off concerns of an industry peak-out boosted by the first fall of new vessel prices in 45 weeks and lower used sh...

Palliser Capital urges Samsung C&T reform for $25 bn value-up

Palliser Capital urges Samsung C&T reform for $25 bn value-up

London-based hedge fund Palliser Capital said on Wednesday that Samsung C&T Corp. is 63% intrinsically undervalued and could increase its value ...

Seoul office leasing turns lender’s market as vacancy rates at 2023 low

Seoul office leasing turns lender’s market as vacancy rates at 2023 low

Office vacancy rates in South Korea’s capital city of Seoul fell to their lowest level this year last month as people returned to work follo...

Hanwha Ocean wins $125.5 mn order for VLAC

Hanwha Ocean wins $125.5 mn order for VLAC

South Korea's Hanwha Ocean Co. announced on Monday that it secured an order for one very large ammonia carrier (VLAC) from a shipowner in Oceania fo...

HD KSOE secures order for two VLEC

HD KSOE secures order for two VLEC

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) announced on Friday it has recently signed a shipbuilding contract for two very large-sc...

SK Geo breaks ground on $1.4 bn plastic recycling cluster

SK Geo breaks ground on $1.4 bn plastic recycling cluster

South Korea’s SK Geo Centric Co. on Wednesday broke ground on a waste plastic recycling complex to transform itself into a green petrochemical...

Disgruntled investors accuse Fadu of blowing smoke

Disgruntled investors accuse Fadu of blowing smoke

Fadu Inc., the first unicorn in the South Korean semiconductor sector, which had a triumphant market debut three months ago, is facing the backlash ...

Used electric vehicle prices drop in Korea with declining EV appeal

Used electric vehicle prices drop in Korea with declining EV appeal

Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...

DRAM contract prices rebound after 27 months on rising demand

DRAM contract prices rebound after 27 months on rising demand

DRAM contract prices rebounded for the first time in more than two years last month amid the recovery in the consumer electronics market.The price g...

Hyundai bets big on deep discounts to survive EV plateau

Hyundai bets big on deep discounts to survive EV plateau

Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...

Soju no longer working-class liquor

Soju no longer working-class liquor

HiteJinro Co., South Korea’s largest soju maker, will raise the price of its soju and beer products by about 7% next month to reflect higher c...

South Korean steelmakers face longer winter

South Korean steelmakers face longer winter

South Korean steelmakers, including the world’s sixth-largest steelmaker POSCO, are facing a longer-than-expected winter in steel demand as th...

Samsung Electro-Mechanics sees share price target cut

Samsung Electro-Mechanics sees share price target cut

South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...

POSCO Future M sees cathode material prices falling 12% in Q4

POSCO Future M sees cathode material prices falling 12% in Q4

South Korean electric vehicle battery materials maker POSCO Future M Co. predicts that cathode material prices in the fourth quarter will drop as mu...

Korea's HMM creditors convert $739 mn bonds into shares

Korea's HMM creditors convert $739 mn bonds into shares

Shares of HMM Co., South Korea’s No. 1 container line, are likely to fall as its main creditors exchanged perpetual convertible bonds (CBs) an...

Korea steps up pressure on private sector to ease inflation

Korea steps up pressure on private sector to ease inflation

South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...

SK Telecom launches cloud cost management platform

SK Telecom launches cloud cost management platform

South Korea's SK Telecom Co. on Wednesday announced the launch of Cloud Radar 2.0, its next-generation cloud management platform that leverages arti...

Big 3 Korean shipmakers all likely to log quarterly profit

Big 3 Korean shipmakers all likely to log quarterly profit

South Korea’s three major shipbuilders are all poised to log quarterly surpluses for the July-September period and stay in the black for years...

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