-
Chip shortages
GM Korea to curb output amid chip shortages
GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign that a global shortage of automotive chips is putting carmakers under increasing pressure.An overtime s
2 HOURS AGO
-
Fashion platforms
S.Korea's online fashion platform aims global
Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean company is set to launch its Japan-based operations and venture into the European markets.On Jan. 21, th
17 HOURS AGO
-
Foundry business
Samsung Elec wins first foundry order from Intel
Samsung Electronics Co. has clinched its first order from Intel Corp. to manufacture Intel-designed chips, as the world’s top memory chipmaker ramps up its foundry business. Intel has recently outsourced production of its southbridge chipsets,
18 HOURS AGO
-
EV batteries
SK Innovation acquires stake in China EV battery service firm
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company seeks to expand its business in the world’s largest auto market.With the stake purchase, SK Inno
22 HOURS AGO
-
M&As
Vingroup interested in LG’s smartphone business: reports
3 HOURS AGO
-
M&As
Naver to acquire web novel platform Wattpad for $593 mn
Jan 20, 2021 (Gmt+09:00)
-
M&As
Lotte Chem ready to bid for JSR’s synthetic rubber business
Jan 20, 2021 (Gmt+09:00)
-
M&As
Internet portal Naver in talks to buy Korea’s Jeju Bank
Jan 19, 2021 (Gmt+09:00)
-
ESG bonds
Hana Bank issues $600 mn in negative-yield bonds
24 HOURS AGO
-
EV battery
SK's US battery arm sells $1 bn green bonds at lower rates
Jan 20, 2021 (Gmt+09:00)
-
ESG bonds
Hyundai Steel receives $1.9 bn in orders for green bonds
Jan 19, 2021 (Gmt+09:00)
-
ESG bonds
Kia to issue global green bonds for future mobility
Jan 18, 2021 (Gmt+09:00)
-
Stock correction warning
BOK governor warns of abrupt stock market correction
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid a fragile economic recovery.Speaking at a media briefing on Jan. 15 after the Bank of Korea board unanimously agreed to keep its policy rate steady at a record low of 0.5%, Lee Ju-yeol said the speed o
Jan 15, 2021 (Gmt+09:00)
-
Household debts
S.Korean banks' household, company loans near $1.8 trn
South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding debt balance and the annual debt increase rate to record highs. Banks’ outstanding balance for household and company loans stood at 1,965.2 trillion won ($1.8 trillion) at the end of 2020, up 207
Jan 15, 2021 (Gmt+09:00)
-
ESG management
Big companies required to disclose ESG activities from 2025
Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, social and governance (ESG) matters from 2025.The government said on Jan. 14 that the mandatory public disclosure of ESG activities will be expanded to all companies listed on Korea's main bourse from 2030
Jan 14, 2021 (Gmt+09:00)