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EconomyOECD sharply revises up S.Korea GDP forecast after strong Q1
The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pa...
May 02, 2024 (Gmt+09:00)
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Pension fundsNPS to hike risky asset purchases under simplified allocation system
The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation...
May 02, 2024 (Gmt+09:00)
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Banking & FinanceS.Korea’s Lotte Card injects $68 mn into Vietnamese unit
Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its bu...
May 02, 2024 (Gmt+09:00)
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Tech, Media & TelecomRakuten backs S.Korea’s new mobile carrier Stage X
South Korea’s fledgling mobile carrier Stage X Co. has teamed up with relatively new Japanese mobile company Rakuten Group...
May 02, 2024 (Gmt+09:00)
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Bio & PharmaLunit, Radiobotics team up to enter EMEA markets
South Korean medical AI company Lunit announced on Thursday that it partnered with the Danish musculoskeletal AI diagnostics com...
May 02, 2024 (Gmt+09:00)
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Korean chipmakersSK Hynix’s HBM chip orders fully booked; 12-layer HBM3E in Q3: CEO
ICHEON, Gyeonggi Province – SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co....
May 02, 2024 (Gmt+09:00)
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AutomobilesHyundai, Kia US car sales dip in April; EVs outperform
Hyundai Motor Co. and Kia Corp., under Hyundai Motor Group, suffered a drop in US car sales last month for a second month in a r...
May 02, 2024 (Gmt+09:00)
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AutomobilesKia unveils teaser images for The New EV6
Kia Corp., the second-largest automaker in South Korea, is introducing an improved model of its first-ever all-electric sports u...
May 02, 2024 (Gmt+09:00)
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Bio & PharmaCelltrion to supply Remsima, Herzuma to Peru
South Korea's Celltrion Inc. announced on Thursday that it secured a contract to supply its biosimilars for autoimmune disease t...
May 02, 2024 (Gmt+09:00)
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Aerospace & DefenseHyundai Rotem closer to supplying armored vehicles to Peru
Hyundai Rotem Co., a South Korean defense equipment and locomotive maker, has moved a step closer to exporting its wheeled armor...
May 02, 2024 (Gmt+09:00)
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Banking & FinanceKorean brokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their...
May 02, 2024 (Gmt+09:00)
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MachineryLS Electric wins $23 mn order for Thai railway signal system
South Korea's LS Electric Co. won a contract from the State Railway of Thailand to construct a railway signaling system for a 17...
May 02, 2024 (Gmt+09:00)
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EnergyDoosan Enerbility to export nuclear plant equipment to Romania
South Korea's major power plant builder Doosan Enerbility Co. said on Thursday it won a contract with Canadian nuclear reactor...
May 02, 2024 (Gmt+09:00)
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EconomyKorea’s headline inflation dips below 3% in April but erratic
South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers fro...
May 02, 2024 (Gmt+09:00)
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PetrochemicalsHD Hyundai Oilbank to supply ultra-low sulfur diesel to Guam
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, announced on Wednesday that it secured a contract to...
May 02, 2024 (Gmt+09:00)
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Waste managementSK Geo reconsiders extent of $1.3 bn plastic recycling plant project
South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recyclin...
May 02, 2024 (Gmt+09:00)