Most market analysts and economists late last year when the Korean won traded at 1,288 per dollar forecast the Korean currency would regain ground against the US dollar to the 1,200 level in the second quarter this year from the low 1,300 level in the first quarter, but such prev
13 HOURS AGO
Kia Corp., the second-largest automaker in South Korea, has posted record quarterly profit and revenue for the first three months of this year, backed by favorable dollar-won exchange rates and increased sales of high-end models despite a slight decline in the number of cars sold
16 HOURS AGO
Japan’s Honda Motor Co. and South Korea’s POSCO Future M Co. agreed to build a battery material plant in Canada where the automaker decided to invest $11 billion in an electric vehicle production complex to meet US requirements for clean cars federal tax benefits.Hond
22 HOURS AGO
South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship maintenance service provider’s initial public offering.Its public market debut, forecast to be the biggest local IPO in the first half year, drew investors on expectations of share’s stability amid market volatilities and a possibility of inclusion of the stock in MSCI Korea Index, market ins
13 HOURS AGO
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COMPANIES
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AutomobilesGenesis unveils GV70 facelift ahead of Korean debut in May
Hyundai Motor Co.'s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury midsize sport utility vehicle next month in the country to cement its dominance in the segment at home.The
16 HOURS AGO
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ESGDaedong completes S.Korea's largest rooftop solar power plant
South Korea's Daedong Mobility announced on Friday that it has completed the construction of the largest rooftop solar power plant in the country at S-Factory, a smart mobility production facility located in Daegu.The installation area of the rooftop
18 HOURS AGO
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Fiber & TextileS.Korea's Andar strengthens tech alliance with LYCRA Company
The athletic-leisure brand Andar Co. announced on Friday that it will strengthen its technological alliance with the LYCRA Company, the world's largest fiber company, to enhance product quality innovation and competitiveness.According to Andar, Jason
18 HOURS AGO
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ElectronicsLG Electronics hosts 'LG Showcase 2024' in UAE
LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, from last Wednesday for two days.LG Electronics set up a 1,000-square-meter exhibition hall and introduc
18 HOURS AGO
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KOREAN INVESTORS
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to exp
Apr 24, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock value in the first quarter of this year as shares in the battery sector tumbled amid the electric vehi
Apr 21, 2024 (Gmt+09:00)
North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years after the PE house failed in its takeover bid, banking sources said on Thursday. MBK executives have rec
Apr 18, 2024 (Gmt+09:00)
Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate managers Jones Lang LaSalle (JLL) and Colliers, the lead managers for the sale, said on Tuesday they will s
Apr 16, 2024 (Gmt+09:00)
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1 million of liquid financial assets and seek steady returns on alternative investments.The global priv
Apr 16, 2024 (Gmt+09:00)
M&A
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InsuranceKorea's Lotte Insurance up for sale for around $1.5 bn
Apr 23, 2024 (Gmt+09:00)
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Mergers & AcquisitionsBlackstone signs over $1 bn deal with MBK for 1st Korean exit
Apr 22, 2024 (Gmt+09:00)
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Real estateHanjin KAL to sell Waikiki Resort to Sono for $101 mn
Apr 19, 2024 (Gmt+09:00)
1 Min read -
Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyed
Apr 16, 2024 (Gmt+09:00)
3 Min read
ECM/DCM
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E-commerceAlibaba eyes 1st investment in Korean e-commerce platform
Apr 22, 2024 (Gmt+09:00)
2 Min read -
Corporate bondsSK Chemicals' bond offering oversubscribed 8 times
Apr 19, 2024 (Gmt+09:00)
1 Min read -
Private equityAffinity eyes full control of food container maker Lock & Lock
Apr 18, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Short sellingKorea builds system to speed up naked short-selling ban
South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the financial watchdog has detected an increase in the illegal practice by institutional investors over the past few years. The government measure comes after some global investment banks, such as The Hong
Apr 25, 2024 (Gmt+09:00)
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Korean stock marketMSCI Korea likely to add 3 stocks: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index when the global stock index provider conducts regular index rebalancing next month, according to Samsung Securities Co. The probability of the trio’s inclusion in the MSCI Korea Index in May is 90%,
Apr 19, 2024 (Gmt+09:00)
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EconomyRising South Korean food prices: Now it’s dried seaweed's turn
First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other countries, food prices in South Korea keep going up -- with everyone biting their nails, hoping for moderating prices of everyday food and goods soon.Chances are slim, however, as price hikes are not just
Apr 18, 2024 (Gmt+09:00)
3 Min read
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar level, as foreign investors sold the country’s assets on the growing concerns over a wider Middle East conflict and expectations of the US Federal Reserve’s slower interest rate cut.The won los
Apr 16, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Korean gamesKorea’s Smilegate unveils new RPG Chaos Zero Nightmare
Apr 22, 2024 (Gmt+09:00)
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FashionLouis Vuitton, Chanel, Dior see Korean profits fall in 2023
Apr 19, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
2 Min read