Won Soju Spirit

The Seoul branch of the UK-based Hong Kong and Shanghai Banking Corp. (HSBC) has made a capital increase of over 20% to raise its capital adequacy r...

South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the...

South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mo...

Korea's game development company WeMade has secured new investment worth 66 billion won ($46.4 million), breathing a sigh of relief after receiving ...

Foreign private equity firms have taken advantage of the strong dollar to dominate corporate acquisition deals in South Korea, adding to expectation...

Meritz Securities saw net profit rise 14% in the third quarter in stark contrast to other brokerages suffering from earning shocks due to the stock ...

The South Korean state-run National Pension Service (NPS) has been spotted selling dollars for won, supporting the ailing local unit, as the world&r...

Singapore-based Keppel Infrastructure completed the acquisition of South Korea’s leading waste management company EMK Co. for 760 billion won ...

Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...

South Korean biopharmaceutical firms are facing challenges in clinical trials overseas alongside the rising Korean won to the US dollar exchange rat...

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

South Korea’s Hansol Group and the Korea Advanced Institute of Science and Technology (KAIST) have agreed to establish a research center to de...

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...

South Korea’s LS Group will become the No. 2 shareholder in KT Submarine Co. after buying the undersea cable construction company’s new ...

A weaker South Korean won currency has become a double-edged sword to Doosan Group’s affiliates. Construction equipment maker Doosan Bobcat is...

South Korea’s top automaker Hyundai Motor Co. said on Friday its Trailer Drone, a fully autonomous hydrogen mobility concept, has won the top ...

The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...

Small and mid-sized companies are reviving the otherwise chilly IPO market in South Korea, which has been dragged down by weaker-than-expected deman...

The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

A nosediving South Korean won deteriorated local corporate dollar funding conditions with the cost of insuring the country’s sovereign debt ag...

The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...

The steeper-than-expected decline in the won’s value is posing a grave threat to South Korean companies already struggling with rising inflati...

South Korea’s foreign exchange authorities and the state-run National Pension Service (NPS) agreed to open a currency swap line for the first ...

South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...

The South Korean won rebounded on Friday as the foreign exchange authorities were suspected of selling some $2 billion, showing its determination to...

South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...

The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...

Global hedge funds’ bet on further weakness in the won is blamed for the accelerated decline in the South Korean currency value against the do...

South Korea’s grocery delivery platform Oasis Corp. filed for preliminary IPO screening to Korea Exchange on Sept. 7. The firm is aiming to li...