record loss
Scope
Date
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Pension funds
Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct
South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...
Jan 01, 2023 (Gmt+09:00)
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Economy
S.Korea logs record trade deficit in 2022; outlook dim
South Korea suffered a record trade deficit last year as the ongoing war in Ukraine ramped up energy import bills, while the outlook remained dark w...
Jan 01, 2023 (Gmt+09:00)
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IPOs
Kosdaq listings number 129, highest since 2002 IT bubble
Depression in equity markets in the wake of global rate hikes this year has not prevented Korean companies from rushing into Kosdaq, South Korea's m...
Dec 28, 2022 (Gmt+09:00)
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K-pop
Blackpink's 'How You Like That' video tops 1.3 bn views
K-pop girl group Blackpink's "How You Like That" video has surpassed 1.3 billion views on YouTube, YG Entertainment Inc., the agency representing th...
Dec 23, 2022 (Gmt+09:00)
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Electronics
LG Innotek to unveil precision smartphone camera module
South Korea's LG Innotek said on Thursday it will unveil its high-magnification optical camera module with continuous zoom next month at CES 2023, t...
Dec 23, 2022 (Gmt+09:00)
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Real estate
Commercial building transactions plummet to 2008 financial crisis level
In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...
Dec 22, 2022 (Gmt+09:00)
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Steel
Korea’s Poongsan earnings to improve on copper rebound
Poongsan Corp., South Korea’s top copper processing company, is expected to benefit as China’s exit from the zero-COVID policy bolstered...
Dec 20, 2022 (Gmt+09:00)
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Bio & Pharma
Korea's 2021 bio sector output $15.4 bn; 5-year annual growth 20%
South Korea's bio industry last year exceeded 20 trillion won ($15.4 billion) in production for the first time and continues to see strong growth.Th...
Dec 15, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia on course for record EV sales in Europe
Hyundai Motor Group, South Korea’s top carmaker, is on course for record electric vehicle sales in Europe, with its new models' expansion in t...
Dec 11, 2022 (Gmt+09:00)
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Korean food
Kimchi exports to US reach record high of $27 million so far this year
Exports of kimchi to the United States increased steadily to reach a record high of $26.7 million worth of the fermented dish between January and No...
Dec 05, 2022 (Gmt+09:00)
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Food & Beverage
Korea's agro-food exports set record of $8 billion in 11 months this year
Korea's exports of agricultural and food products in the first 11 months of this year hit a record high.The Ministry of Agriculture, Food and Rural ...
Dec 05, 2022 (Gmt+09:00)
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Supply chain
Korea’s industrial losses balloon to $1.2 bn as truckers continue strike
South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...
Dec 01, 2022 (Gmt+09:00)
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K-pop
Blackpink's 'Ice Cream' music video surpasses 800 mn views
K-pop girl group Blackpink’s “Ice Cream” music video exceeded 800 million views on YouTube around 2 a.m. on Nov. 30 local time, it...
Nov 30, 2022 (Gmt+09:00)
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Pension funds
NPS posts 7% investment loss in Q1-Q3 as equities, bonds plunge
National Pension Service (NPS) of South Korea said Tuesday it saw a cumulative loss of 7.1% on investment, or 68 trillion won ($51.3 billion), betwe...
Nov 29, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung sets sights on GAA tech to overtake TSMC in foundry
As the contract chip manufacturing, or foundry, business is quickly emerging as the next battlefield for the world’s major chipmakers, The Korea...
Nov 29, 2022 (Gmt+09:00)
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Korean startups
Sandbox Network pursues corporate restructuring to dig out of red
Sandbox Network, Inc. announced on Sunday that it will go through corporate restructuring and encourage employees to voluntarily resign, hit by cont...
Nov 28, 2022 (Gmt+09:00)
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Earnings
Samsung SDS records record-high share of overseas sales of 71%
The overseas sales of South Korea's Samsung SDS comprises 71% of overall revenue, the highest rate since the company launched its business process o...
Nov 23, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea LIG Nex1 to enjoy record earnings on missile exports
LIG Nex1 Co., a leading South Korean defense company, is expected to see record earnings this year on strong missile exports, helping its shares sur...
Nov 18, 2022 (Gmt+09:00)
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Foreign exchange
Korean exporters suffer FX derivate losses on weak won
More South Korean exporters suffered massive losses from foreign exchange derivatives on a weaker won, failing to benefit from the unit’s depr...
Nov 17, 2022 (Gmt+09:00)
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Energy
Taihan Cable wins $24 million deal to build power grid in California
Taihan Cable & Solution Co., a South Korean electric wire maker, said on Wednesday it has won a $24 million deal to build a power grid in the US...
Nov 16, 2022 (Gmt+09:00)
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Earnings
KEPCO to see record loss 2022 on slower power tariff hikes
Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the secon...
Nov 11, 2022 (Gmt+09:00)
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Investment banking
Korean brokerages' restructuring targets investment banking units
South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...
Nov 10, 2022 (Gmt+09:00)
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Earnings
Celltrion's Q3 earnings boosted by Remsima sales in Europe
South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profi...
Nov 09, 2022 (Gmt+09:00)
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Earnings
Naver posts record 3Q sales boosted by content and commerce
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...
Nov 07, 2022 (Gmt+09:00)
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Earnings
Doosan Bobcat, Doosan Group’s cash cow, set for record 2022 earnings
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, is poised to join the “one tril...
Nov 03, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
Nov 02, 2022 (Gmt+09:00)
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Korean food
Want to improve memory? Eat more ginseng
Consumption of ginseng and red ginseng (hongsam) can improve memory capacity and prevent high blood pressure, diabetes and muscle loss, according to...
Nov 02, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profits with Yonder app launch in US
South Korea’s Naver Webtoon Corp. has been successful in the domestic market with its loyal subscribers willing to pay to read a diverse libra...
Oct 31, 2022 (Gmt+09:00)
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Earnings
Samsung SDI beats CATL in EV battery operating margin
Samsung SDI Co., the world’s sixth-largest electric vehicle battery maker, reported a higher operating margin than that of the global leader C...
Oct 27, 2022 (Gmt+09:00)
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Earnings
Korean banks log record profits on rising interest rates
South Korea’s major financial groups enjoyed record quarterly earnings as higher policy interest rates increased lending rates, powering the p...
Oct 25, 2022 (Gmt+09:00)