Agricultural Bank of China
Scope
Date
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Korean games
Nexon releases Dungeon & Fighter Mobile in China
South Korea’s online game developer Nexon Korea Corp. on Tuesday officially launched the action role-playing game (RPG) Dungeon & Fighter ...
May 22, 2024 (Gmt+09:00)
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Korean stock market
Korea Inc. nearly triples dividend payments in decade
Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...
May 21, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks broaden horizons to Mexico, Poland, Africa
South Korean banks are broadening their horizons beyond Asia into Mexico, Poland and Africa in step with Korean manufacturing companies’ globa...
May 20, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty brands show signs of turnaround in China
South Korean cosmetics brands are showing signs of a turnaround in China, with their sales in the neighboring country recovering from the slump over...
May 17, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank, Cambodian Central Bank to build payment system
South Korea's KB Kookmin Bank announced on Friday that it signed a memorandum of understanding (MOU) with the National Bank of Cambodia to establish...
May 17, 2024 (Gmt+09:00)
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Logistics
Korea’s LX Pantos, China’s Sinotrans agree to launch logistics JV
LX Pantos Co., the logistics unit of South Korea’s LX Group, said on Thursday it will launch a multimodal transport joint venture with Sinotra...
May 16, 2024 (Gmt+09:00)
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Banking & Finance
Woori Bank offers internship for SE Asian students in S.Korea
South Korea's Woori Bank announced on Tuesday that it is recruiting interns targeting Southeast Asian students studying in Korea.This program aims t...
May 14, 2024 (Gmt+09:00)
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Central bank
S.Korea-Malaysia central banks renew currency swap agreement
Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...
May 14, 2024 (Gmt+09:00)
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Investment banking
Deutsche Bank's Korea IB head quits after country head resigns
Cho Man Chul, managing director and head of investment banking at Deutsche Bank in Korea, has resigned, according to people with knowledge of the ma...
May 13, 2024 (Gmt+09:00)
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The KED View
Japan’s heavy hand with Naver: Uneasy sign for market economy
Recent actions by the Japanese government and chief executives of LY Corp. and SoftBank Corp. are raising eyebrows, leading many to question whether...
May 10, 2024 (Gmt+09:00)
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Business & Politics
South Korea Plans $7 Billion Push to Pivot EV Battery Industry Away From China
South Korea is dedicating around $7 billion to help wean its electric-vehicle battery supply chain away from China and align more with U.S. trade gu...
May 10, 2024 (Gmt+09:00)
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Retail
Shilla Duty Free to co-work with China's largest lifestyle info platforms
South Korea's Shilla Duty Free Shop announced on Thursday that it partnered with Meituan and Dazhong Dianping, China's largest travel and lifestyle ...
May 09, 2024 (Gmt+09:00)
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Banking & Finance
Near-zero interest rate deposits swell at Korean banks
Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...
May 09, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to sell 50% stake in Wuxi foundry unit to Chinese firm
SK Hynix Inc. will sell nearly a half stake in its foundry unit in China to a Chinese state-run enterprise for $349.3 million in a bid to expand its...
May 09, 2024 (Gmt+09:00)
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Central bank
BOK's rate policy back to square one after GDP, Fed comments
TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...
May 03, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Woori Financial acquires Korea Foss Securities to offer brokerage services
Woori Financial Group Inc., South Korea’s fourth-largest financial services group, has acquired Korea Foss Securities Co., paving the way for ...
May 03, 2024 (Gmt+09:00)
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Private debt
Korea’s Kookmin Bank raises $600 mn in global senior debts
South Korea’s largest bank Kookmin Bank said on Tuesday it has issued $600 million worth of global senior secured bonds. The debts were oversu...
Apr 30, 2024 (Gmt+09:00)
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Electronics
Samsung holds Odyssey event with T1 in Chengdu
Samsung Electronics Co. announced on Monday that it held an Odyssey gaming monitor experience event with the T1, the top-tier League of Legends team...
Apr 29, 2024 (Gmt+09:00)
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Bio & Pharma
Korean botox sales gain momentum in US, China
South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pr...
Apr 29, 2024 (Gmt+09:00)
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Foreign exchange
Navigating choppy waters: Dollar-won FX forecasting
Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...
Apr 26, 2024 (Gmt+09:00)
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Retail
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...
Apr 26, 2024 (Gmt+09:00)
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Airlines
Korean Air to launch Incheon-Macau route in July
Korean Air Lines Co., the leading full-service airline in South Korea, announced on Friday that it will launch flights on the Incheon-Macau route st...
Apr 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor ties up with CATL to reinvigorate China market with EVs
BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...
Apr 25, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung launches Galaxy C55 5G in China
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking th...
Apr 25, 2024 (Gmt+09:00)
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Banking & Finance
Hanwha Life to buy stake in Indonesia's Lippo-owned bank
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...
Apr 24, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line
South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese lead...
Apr 23, 2024 (Gmt+09:00)
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Banking & Finance
Hana Bank launches All-care Solution for Real Estate Wealth
South Korea's Hana Bank announced on Tuesday that it launched the premium real estate wealth management service Hana Real Estate All-care Solution i...
Apr 23, 2024 (Gmt+09:00)
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Earnings
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped ne...
Apr 23, 2024 (Gmt+09:00)
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Korean games
Korea’s Smilegate unveils new RPG Chaos Zero Nightmare
Smilegate, the South Korean developer of the world’s top first-person shooter game Crossfire, on Monday unveiled a teaser for an upcoming role...
Apr 22, 2024 (Gmt+09:00)
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ESG
HD Hyundai, Hyundai Dept. Store to co-work for recycling plastic waste
South Korea's HD Hyundai Oil Bank Co. and Hyundai Department Store Co. have partnered to create a closed-loop plastic film recycling system, a first...
Apr 22, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand