Korea's electric battery maker SK On predicts 'tangible results' from 2024
"Despite many difficulties early on, we can see tangible results from next year if we overcome such challenges.”Chey Jae-won, CEO and executiv...
South Korea groans under snowballing national liabilities
South Korea’s liabilities ballooned last year following heavy fiscal spending related to the COVID-19 pandemic to buttress growth in Asia...
Hanwha's takeover of DSME likely to get conditional approval
South Korea's Fair Trade Commission (FTC) on Monday said it is discussing corrective measures with Hanwha Group over fears that the conglomerate's a...
S.Korean carbon trading company EcoEye seeks listing
South Korean carbon credit trading company EcoEye Co. is preparing for an initial public offering, poised to be the first listing of a firm in the s...
Doosan Bobcat participates in US logistics exhibition under Bobcat brand
Doosan Bobcat, a South Korean manufacturer of construction equipment, announced on Friday that it participated in the ProMat 2023 trade show for sup...
Brokerage firms in S.Korea log sharp falls in 2022 earnings
Brokerage firms in South Korea, led by Mirae Asset Securities Co., suffered a 50% plunge in net profit in 2022, as dwindling trading fees outweighed...
South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Governor of Louisiana visits Kumho Tire HQ in Seoul
South Korea's leading tire manufacturer Kumho Tire Co., Inc. announced on Monday that Louisiana Governor John Bel Edwards visited its headquarters i...
S.Korea's Krafton, Naver to set up JV for metaverse services in H1
Krafton Inc., a leading game developer in South Korea, is slated to establish a joint venture with Naver Z Corp., a metaverse unit of the country&rs...
POSCO Int’l logs highest revenue for group affiliate in 2022
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., logged the highes...
S.Korea logs biggest-ever current account deficit in Jan on export slump
South Korea reported its record current account deficit in January due to sluggish exports, the country’s key growth driver, and a widened tra...
LS Electric unveils smart factory solutions
South Korea’s LS Electric Co. on Wednesday said it has unveiled its future factory automation solutions for the digital transformation era at ...
S.Korea’s exports drop for 5th straight month in Feb on plunging chip sales
South Korea’s exports shrank 7.5% year over year in February on a plunge in shipments of its mainstay export item semiconductors amid the glob...
LG Uplus to show off total smart factory solutions at trade show
LG Uplus Corp., a mobile telecom service carrier in South Korea, announced on Tuesday that it would present a complete set of smart factory solution...
SK Networks to expand investment in tech firms for future growth
SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, will expand direct funding for tech ...
POSCO International, Pertamina win gas exploration rights off Indonesia
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday ...
KTO steps up Korean tourism promotion in Saudi Arabia
The Ministry of Culture, Sports and Tourism, along with the Korea Tourism Organization (KTO), are accelerating their efforts to promote Korean touri...
Hyundai Transys bolsters ESG fair trade compliance program
Hyundai Transys, an auto parts unit of Hyundai Motor Group, announced on Wednesday that it is enhancing its voluntary fair trade compliance program ...
S.Korea’s trade outlook dismal in Feb with stagnant exports
South Korea’s trade deficit in just the first 40 days of this year inched close to 40% of its worst-ever annual deficit last year amid a conti...
Individual investors in S.Korea betting on stock market's decline
Despite South Korea's Kosdaq stock market growing this month following the "January rally," individual investors in the country are still betting on...
Korea seeks legal system for independent equity research firms
South Korea is set to establish a legal system for independent equity research providers this year to protect individual investors, who could be dam...
S.Korea to allow offshore investors to directly trade won
South Korea is set to allow offshore investors to directly trade the won and extend the operating hours of the local currency market from July next ...
S.Korea-Australia renew $8.1 bn currency swap deal for 5 years
The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...
Samsung, LG Elec target N.American air conditioner market at trade show
Samsung Electronics Co. and LG Electronics Inc. are vying for the North American market for air conditioners with their cutting-edge solutions in th...
Korea to legalize security token for fractional investment
South Korea is set to allow all kinds of fractional investments next year through the legalization of a security token (ST), a digital form of tradi...
LG Electronics exhibits Art Lab in New York
LG Electronics Inc. recently introduced "LG Art Lab," a non-fungible token art trading platform mounted on LG TVs, through a large display board in ...
POSCO Int'l to expand LNG storage capacity for $810 mn
POSCO International Co. will sharply increase its liquefied natural gas (LNG) storage capacity by spending 1 trillion won ($810 million) to build a ...
Korea Exchange seeks to extend derivatives trading hours
South Korea’s bourse operator is seeking to extend derivatives trading hours by opening the market 15 minutes earlier at 8:45 am and allow for...
South Korea fines US brokerage $9.6 million for high-frequency trading
South Korea has fined Citadel Securities over 10 billion won ($8.1 million) for disrupting market order through high-frequency trading in the countr...
Kookmin Bank launches foreign currency trading platform KB Star FX
South Korea's largest lender Kookmin Bank on Monday launched its new contactless platform for foreign exchange transactions dubbed KB Star FX.The on...
