S.Korea to release strategic oil reserves to refiners; Asiana cuts flight schedules

S.Korea to release strategic oil reserves to refiners; Asiana cuts flight schedules

South Korea has moved to deploy its strategic petroleum reserves to stabilize domestic supply, as a prolonged Middle East conflict continues to disr...

S.Korean AI startup Upstage to acquire Kakao’s Daum in stock-swap deal

S.Korean AI startup Upstage to acquire Kakao’s Daum in stock-swap deal

South Korean artificial-intelligence startup Upstage has agreed to acquire Daum, one of the country’s earliest internet portals, in a stock-sw...

South Korean won weakens past 1,480 per dollar, lowest in 8 months

South Korean won weakens past 1,480 per dollar, lowest in 8 months

South Korea’s won weakened past the 1,480 per dollar in intraday trade on Wednesday, reaching its weakest point in about eight months as forei...

NPS extends strategic currency hedging to end-2026, adds flexibility to stabilize won

NPS extends strategic currency hedging to end-2026, adds flexibility to stabilize won

The National Pension Service (NPS), South Korea’s state-run pension fund and largest institutional investor, has decided to extend its strateg...

Seoul’s won stability push drives Korean firms offshore for bonds

Seoul’s won stability push drives Korean firms offshore for bonds

South Korea’s state-run banks and companies are expected to ramp up foreign currency bond issuance in 2026 after the government sharply increa...

Seoul pushes exporters to convert dollars; NPS extends FX swap with BOK

Seoul pushes exporters to convert dollars; NPS extends FX swap with BOK

South Korea's financial authorities said on Monday it will begin regularly monitoring the dollar conversion of export-oriented companies and tighten...

Beijing warms to K-pop comeback as Xi signals thaw in China’s ‘Korean wave’ ban

Beijing warms to K-pop comeback as Xi signals thaw in China’s ‘Korean wave’ ban

GYEONGJU – China may be inching closer to lifting its unofficial ban on South Korean entertainment, as President Xi Jinping appeared receptive...

Seoul turns to US Treasury fund for dollar liquidity to cushion forex impact from tariff deal

Seoul turns to US Treasury fund for dollar liquidity to cushion forex impact from tariff deal

South Korea and the US are moving closer to an agreement on how to structure a Seoul-proposed $350 billion investment fund without unsettling Korea&...

Hard to be optimistic on US FX swap, but not too pessimistic on trade deal: S.Korean security adviser

Hard to be optimistic on US FX swap, but not too pessimistic on trade deal: S.Korean security adviser

South Korea’s national security adviser said Monday that Washington is unlikely to agree to Seoul’s request for a currency swap line for...

Debate brewing over Naver, Dunamu’s enterprise values as share swap deal progresses

Debate brewing over Naver, Dunamu’s enterprise values as share swap deal progresses

A fierce debate is brewing in Seoul’s investment community over the pricing of a landmark share swap between Naver Corp., South Korea’s ...

Korea’s finance chief says Seoul has reached FX deal with US; currency swap line pending

Korea’s finance chief says Seoul has reached FX deal with US; currency swap line pending

South Korea’s finance minister said on Saturday that the country has reached a foreign exchange deal with the US, raising hopes for support on...

S.Korea’s Lee presses US Treasury Secretary Bessent on ‘rational’ tariff deal, currency swap line

S.Korea’s Lee presses US Treasury Secretary Bessent on ‘rational’ tariff deal, currency swap line

NEW YORK – South Korean President Lee Jae Myung urged the US to pursue tariff negotiations on a “commercially rational” basis duri...

Naver set to bring Dunamu under wing in stablecoin drive

Naver set to bring Dunamu under wing in stablecoin drive

Naver Corp., South Korea’s platform powerhouse, is seeking to fold Dunamu Inc., operator of the world’s fourth-largest crypto exchange U...

S.Korea says no US investments until visa, currency swap issues resolved

S.Korea says no US investments until visa, currency swap issues resolved

South Korea has warned that unresolved visa disputes and currency swap issues with Washington could derail tens of billions of dollars in Korean cor...

Seoul’s finance chief to discuss currency swap proposal with US Treasury Secretary Bessent

Seoul’s finance chief to discuss currency swap proposal with US Treasury Secretary Bessent

NEW YORK – South Korea’s finance minister will hold talks with his US counterpart in New York on Wednesday, in a meeting expected to foc...

S.Korea offers unlimited currency swap with US amid pressure over $350 bn fund

S.Korea offers unlimited currency swap with US amid pressure over $350 bn fund

South Korea has proposed an unlimited currency swap with the US to fulfill its pledge to form a $350 billion US investment fund, but the offer faile...

Korean waste management firm Koentec put on market for $730 mn

Korean waste management firm Koentec put on market for $730 mn

Korea Environment Technology Co. (Koentec) is up for sale in a deal that could fetch up to 1 trillion won ($730.4 million) with global private equit...

South Korea’s forex reserves dip to nearly 5-year low in February

South Korea’s forex reserves dip to nearly 5-year low in February

South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...

SK Telecom to secure stake in IonQ, forges quantum partnership

SK Telecom to secure stake in IonQ, forges quantum partnership

South Korea’s largest telecom company SK Telecom Co. will acquire about a 3% stake in IonQ Inc., the world’s first publicly traded quant...

NPS initiates strategic currency hedging to unleash up to $48.2 billion

NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

Doosan to resume Bobcat, Robotics merger with new ratio

Doosan to resume Bobcat, Robotics merger with new ratio

South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...

Korea mulls tripling NPS' advance dollar funding limit

Korea mulls tripling NPS' advance dollar funding limit

South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...

Korean grocery delivery platform Oasis to buy e-commerce 11Street

Korean grocery delivery platform Oasis to buy e-commerce 11Street

South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...

Korea FX authorities, NPS raise currency swap limit to $50 bn

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

Hyundai, LG Energy to jointly develop EV battery swapping service

Hyundai, LG Energy to jointly develop EV battery swapping service

South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...

Affinity fails in Lock&Lock tender offer; eyes equity swap

Affinity fails in Lock&Lock tender offer; eyes equity swap

Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...

S.Korea-Malaysia central banks renew currency swap agreement

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)...

Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit

Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit

South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...

Samsung faces dubious suit every 5 days from US patent trolls

Samsung faces dubious suit every 5 days from US patent trolls

South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the ...

Custom chips to determine semiconductor pecking order after 2027 peak What is derailing Hanwha's talks to acquire Poongsan's $1 bn ammunition unit South Koreans turn to car-backed loans as lending caps tighten South Korea poised for most delistings since dot-com bubble South Korea moves to hike taxes on corporates’ non-core property holdings