rate decision meeting
Scope
Date
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Economy
Bank of Korea gives bearish outlook after rate hike
South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...
Jan 13, 2023 (Gmt+09:00)
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Korean startups
Major startup event Slush to hold spin-off meeting in Korea
Slush, one of the world’s largest startup events, is set to hold a spin-off meeting in South Korea this year.Slush is a startup and tech event...
Jan 12, 2023 (Gmt+09:00)
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Automobiles
Korea’s secondhand car market cools amid elevated interest rates
South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...
Jan 10, 2023 (Gmt+09:00)
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Korean stock market
Kakao Pay likely to be included in MSCI index next month
South Korean mobile payment services firm Kakao Pay Corp. will be newly incorporated into the MSCI index next month, inducing an influx of more than...
Jan 10, 2023 (Gmt+09:00)
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Korean startups
Global VCs urge S.Korea to train lawyers on int'l contracts
Brad McManus, investment director of the Silicon Valley-based venture capital (VC) fund Applied Ventures LLC, said his company will discuss investme...
Jan 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Jan 05, 2023 (Gmt+09:00)
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Real estate
Hotels in top Seoul tourist area on sale due to rate hikes
South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...
Jan 04, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
LG Elec, Magna expand partnership into self-driving tech
LAS VEGAS – LG Electronics Inc., the world’s top home appliance producer, expanded its partnership with Canadian car parts maker Magna I...
Jan 04, 2023 (Gmt+09:00)
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Retail
GS Retail to introduce forex kiosks in convenience stores
South Korea's convenience store franchiser GS Retail said on Monday that it would introduce foreign currency exchange kiosks at its convenience st...
Jan 02, 2023 (Gmt+09:00)
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Energy
S.Korea's top 2 LPG importers E1 and SK Gas cut supply price
South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...
Jan 02, 2023 (Gmt+09:00)
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Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
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ESG
Woori Financial wins MSCI ESG global leader rating for 2nd year
Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...
Dec 30, 2022 (Gmt+09:00)
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Leadership & Management
KT taps current CEO Ku as sole candidate for next chief
South Korea’s telecom giant KT Corp. has named current chief executive Ku Hyeon-mo the sole candidate for its next CEO during a board meeting ...
Dec 28, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotechs target US labs to speed up regulatory approval for tests
South Korean molecular diagnostics companies are increasingly buying high-quality laboratories in the US that meet federal regulatory standards in a...
Dec 28, 2022 (Gmt+09:00)
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ESG
Standard Chartered's director attributes ESG success to board-led decisions
When it comes to the banking sector's environmental, social, and governance (ESG) efforts, an industry veteran says the success depends on the chief...
Dec 27, 2022 (Gmt+09:00)
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ESG
SK Inc. gets highest AAA grade in MSCI's ESG rating
SK Inc., SK Group's investment arm, won the highest AAA ratings from both Morgan Stanley Capital International (MSCI) and the Dow Jones Sustainabili...
Dec 27, 2022 (Gmt+09:00)
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Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 signs maritime surveillance radar-II defense contract
LIG Nex1 Co. said on Friday that it has signed an agreement with the Naval Logistics Command for the Maritime Surveillance Radar-II project, which w...
Dec 23, 2022 (Gmt+09:00)
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Real estate
Commercial building transactions plummet to 2008 financial crisis level
In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...
Dec 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung unveils industry’s first 12 nm DRAM, compatible with AMD
Samsung Electronics Co., the world’s largest memory chipmaker, said on Wednesday it has unveiled an advanced DRAM chip, using the industry&rsq...
Dec 21, 2022 (Gmt+09:00)
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Automobiles
Genesis electrified G80 receives highest grade in IIHS crash test
Hyundai Motor Co. said on Wednesday that its G80 electric vehicle model received the highest rating of Top Safety Pick Plus (TSP+) in a crash test d...
Dec 21, 2022 (Gmt+09:00)
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Chemical Industry
KCC's paint selected as World-Class Product for 14 consecutive years
South Korea's leading chemical and auto parts supplier KCC Corp. said on Thursday that its anti-rust and anti-fouling paints for ships and ceramics ...
Dec 16, 2022 (Gmt+09:00)
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Korean stock market
Korean stocks with healthy earnings to shine in H2 2023
South Korea’s Mirae Asset Securities Co. expected local shares with strong earnings including growth stocks to rally in the second half of nex...
Dec 15, 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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Corporate restructuring
Kyobo Life seeks to transition into financial holding company
South Korean life insurance behemoth Kyobo Life Insurance Co. is seeking to transition into a financial holding company to expand its business footh...
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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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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Blockchain
Blockchain co. Reality Reflection's board to discuss mangement reshuffle
The South Korean blockchain ecosystem is facing a string of management disputes, hit by worsening conditions of the global cryptocurrency market.&nb...
Dec 05, 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
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)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet