Richard Baldwin international economies
Scope
Date
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Electric vehicles
GM may consider producing EVs in South Korea
CHANGWON, South Gyeongsang Province -- General Motors Co. may consider making electric vehicles in South Korea, the country manager said on Wednesda...
Oct 19, 2022 (Gmt+09:00)
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Central bank
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...
Oct 12, 2022 (Gmt+09:00)
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Economy
Sinking won fans doubts over Korea’s economic fundamentals
The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...
Sep 29, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset ends $3 bn IFC deal with Brookfield, seeks deposit refund
Mirae Asset Global Investments Co.’s planned purchase of the International Finance Center in Seoul worth 4.1 trillion ($3 billion) from Canada...
Sep 26, 2022 (Gmt+09:00)
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Steel
POSCO, Hancock to invest $200 mn to raise Senex's gas output
South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...
Sep 26, 2022 (Gmt+09:00)
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Korean Investors
NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund
Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...
Sep 20, 2022 (Gmt+09:00)
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Metaverse
SK Telecom revs up digital economy on its metaverse platform
South Korea’s top mobile carrier SK Telecom Co. is accelerating a digital economic system on its metaverse platform ifland, the telecom giant ...
Sep 05, 2022 (Gmt+09:00)
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Business & Politics
Samsung leader Lee’s latest role: Special envoy for World Expo 2030 bid
As South Korea is serious about hosting the World Expo 2030, the country’s top business leaders will be given new roles: Leading the governmen...
Sep 02, 2022 (Gmt+09:00)
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Private equity
Lone Star, Seoul wrangle over KEB deal set to wrap up
A decade-long dispute between South Korea and the US private equity firm Lone Star Funds over a Korean deal will be wrapped up next week, with an in...
Aug 25, 2022 (Gmt+09:00)
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Foreign exchange
Korea’s mounting trade deficit knocks won to 13-year low
South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...
Aug 22, 2022 (Gmt+09:00)
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Automobiles
Infineon chip flaws to disrupt IONIQ 5 EV production
Hyundai Motor Co. is highly likely to suffer a further production delay for its all-electric crossover IONIQ 5 after South Korean industry sources s...
Aug 03, 2022 (Gmt+09:00)
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Earnings
South Korea’s top general trading giants embrace rising raw materials costs
Back in the 1970s and 80s, general trading companies were the vanguards of South Korea’s exports. Daewoo International Corp., LG Internat...
Aug 02, 2022 (Gmt+09:00)
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Batteries
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Jul 27, 2022 (Gmt+09:00)
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Waste management
SK Geo Centric, Veolia join forces to lead Asia’s plastic recycling business
SK Geo Centric, an SK Innovation Co. subsidiary focused on the eco-friendly chemical business, joined hands with Paris-based Veolia Environnement S....
Jul 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Aerospace, Hanwha Defense likely to merge
Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions ...
Jul 25, 2022 (Gmt+09:00)
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Automobiles
Korea's Hyundai Mobis bolsters its own chipmaking capabilities
Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...
Jul 22, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Jul 18, 2022 (Gmt+09:00)
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Airlines
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Jul 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
CJ’s TVing, KT’s Seezn set for merger to challenge OTT leader Netflix
South Korean entertainment powerhouse CJ ENM Co.'s over-the-top streaming platform TVing is set to merge with its local rival Seezn, run by tel...
Jul 13, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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Automobiles
Easing car delivery crunch: Boon or bane for Hyundai, Kia?
Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...
Jul 06, 2022 (Gmt+09:00)
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Private debt
Investors may see tough credit cycle in direct lending: TCW Private Credit
As economic uncertainties grow amid rate hikes and inflation, South Korean institutional investors are eyeing direct lending for safer investment an...
Jul 06, 2022 (Gmt+09:00)
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Airlines
Korean Air gears up to normalize international flights
Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...
Jun 29, 2022 (Gmt+09:00)
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Supply chain
Chemical makers to halt plants as truck driver strike deepens
South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...
Jun 14, 2022 (Gmt+09:00)
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Asset management
Private markets embrace wider swath of economy: Partners Group CEO
Private equity is regarded as an alternative asset class while shares of listed companies are known as traditional assets. This classification may n...
Jun 08, 2022 (Gmt+09:00)
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Aerospace & Defense
The lunar economy is here – Airbus Vice President Jaffart
Global aerospace juggernaut Airbus SE says we have already entered the lunar economy and the company is looking forward to soon collaborating on lun...
May 30, 2022 (Gmt+09:00)
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Corporate investment
SK takes aim at chips, batteries, bio with $195 billion investment
SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won ($195 billion) in k...
May 26, 2022 (Gmt+09:00)
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Travel & Leisure
Lotte Hotel Yangon: Pain for POSCO International, Hotel Lotte
South Korea’s POSCO International Corp. and Hotel Lotte Co. have been suffering from sluggish earnings of their five-star hotel in Yangon, Mya...
May 23, 2022 (Gmt+09:00)
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Economy
Weakening won: A double-edged sword for the Korean economy
A weakening won is usually a bonus for the South Korean economy as it strengthens the export-dependent country’s price competitiveness in over...
May 15, 2022 (Gmt+09:00)
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Latest News
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