Korea won sees best day in nearly 14 yrs, may be climbing from bottom

The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...

KDI cuts Korea growth forecast, urges gradual rate hikes

South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...

Korean brokerages' restructuring targets investment banking units

South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...

Korea’s job growth at 11-month low deepens economic woes

South Korea’s job growth in October fell for a fifth consecutive month to the lowest in eleven months, boosting concerns over a slowdown in As...

Korea won hits 2-month high on US election, China hopes

The South Korean won on Wednesday hit a two-month high on expectations that a victory by the Republicans in the US midterm elections may slow the Fe...

S.Korea's shipbuilding order volume to plummet next year: report

South Korea's shipbuilders fear seeing their orders next year plummet by over 40% on-year due to disruptions in related financing amid surging inter...

BOK may raise rates by 50 bps again on Fed, inflation

South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mo...

Korea’s 1st export decline in 2 years dims BOK’s big-step rate hike outlook

South Korea’s exports fell for the first time in two years in October, posting a trade deficit for seven months in a row – the clearest ...

Rising interest rates reshuffle Korean market cap list

Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...

Korea to face more headwinds after Q3 growth hits 1-yr low

The South Korean economy grew at its slowest pace of the year in the third quarter on weak net exports, adding to concerns over a further slowdown i...

KIC sees secondary and deep value investments as attractive

Korea Investment Corporation (KIC) is eyeing secondary and deep value strategies, the sovereign wealth fund’s Senior Director of Private Equit...

Korean banks log record profits on rising interest rates

South Korea’s major financial groups enjoyed record quarterly earnings as higher policy interest rates increased lending rates, powering the p...

Robust consumer spending in South Korea despite economic downturn

A buyer who works for the men's fashion division of a South Korean department store had trouble sleeping ahead of the fall sale that ran from Sept. ...

BOK takes another big step hike as weak won lifts prices

South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...

Stay in market despite rising interest rates: Howard Marks

NEW YORK – Investors should stay in the financial market as rising interest rates have put the values of assets such as stocks and bonds at ap...

Fed may allow recession to stem inflation: Ex-Boston Fed chief

NEW YORK -- The Federal Reserve will not be able to stem rampant inflation in the US without an economic recession, former Boston Fed President Eric...

Korean corporate bond issuance hits 2022 monthly low in September

South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...

BOK mulls 50-bp rate hike despite slower Sept inflation

South Korea’s headline inflation slowed in September for a second straight month on lower oil prices, but the central bank is still predicted ...

Korean warehouse project financing on brink of debt crisis

Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...

NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund

Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...

Direct lending, middle market offer resilience: NYLIM 

There is no doubt that headwinds to economic and market growth are picking up. Globally, supply chain and energy disruptions have contributed to hig...

Korea may limit NPS power on shareholder derivative suits

South Korea may keep the National Pension Service (NPS), the world’s third-largest such fund, from increasing its power for shareholder deriva...

Korea inflation slows, but BOK may still hike interest rates

South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...

South Korean government slashes fund of funds budget by 40% on-year

The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....

Korean big-box stores see credit rating downgrades

Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...

Korea's NPS posts 8% loss from investment in H1 2022

National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...

BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

BOK delivers fourth straight rate hike as inflation persists

South Korea’s central bank on Thursday delivered its fourth interest rate hike in a row for the first time in its history as the monetary auth...

Korea’s mounting trade deficit knocks won to 13-year low

South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...

Seoul National University to set up first overseas campus in Vietnam

Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...