service rate hikes
Scope
Date
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Korean stock market
South Korean stocks rebound but still on rollercoaster
South Korean stocks on Tuesday recouped some of their hefty losses caused by the previous day's global panic selling after financial authorities iss...
Aug 06, 2024 (Gmt+09:00)
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Cloud computing
Metanet Tplatform acquires location-based service provider
South Korea's cloud management service provider (MSP) Metanet Tplatform Co. has acquired domestic location-based service provider BlueChip C&S, ...
Aug 05, 2024 (Gmt+09:00)
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Real estate
Korea's warehouses suffer oversupply, rising vacancies
Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate...
Aug 02, 2024 (Gmt+09:00)
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Economy
BOK in limbo on rate decison with July inflation below 3%
South Korea’s headline inflation remained in the 2% range for the fourth straight month in July despite a reacceleration, complicating the Ban...
Aug 02, 2024 (Gmt+09:00)
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Markets
Korean treasury yields fall to lowest level in over 2 years
South Korea’s treasury bond yields fell to their lowest points in more than two years, slipping below the 3% level for the first time since Ap...
Jul 30, 2024 (Gmt+09:00)
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Korean startups
Colosseum poised for next leap with global expansion drive
Colosseum Corporation Inc., a fulfillment startup based in South Korea, has set its sights on global conquest with its nationwide and international ...
Jul 29, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha, Univ. of Surrey to team up for space business
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, announced on Friday that it signed a memorandum of understan...
Jul 26, 2024 (Gmt+09:00)
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Petrochemicals
S.Korea's refining industry sees record export of 245.3 mn barrels
South Korea's four major oil refiners—SK Energy, GS Caltex, S-Oil Corp., and HD Hyundai Oilbank—achieved a record high in petroleum pr...
Jul 25, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to hike prices of low-cost EVs for profitability
Hyundai Motor Group, the world’s third-largest carmaker, plans to increase prices of the existing low-cost electric vehicles in the second hal...
Jul 25, 2024 (Gmt+09:00)
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Real estate
Seoul prime office deals at 10-year low on rate uncertainty
Prime office transactions in Seoul hit a 10-year low in the second quarter due to delayed fundraising amid uncertainties of the central bank’s...
Jul 24, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus to feature in-car games to Kia EV3
South Korea's LG Uplus Corp. said on Wednesday that it will offer its web-based in-car game service Game Portal in Kia Corp's electric vehicle (EV) ...
Jul 24, 2024 (Gmt+09:00)
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Retail
Hyundai Premium Outlet runs AI Human for foreign customer
South Korea's Hyundai Premium Outlet announced on Tuesday that it will trial the artificial intelligence (AI) service AI Human at its Songdo store u...
Jul 23, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility launches overseas car rental service
South Korean mobility platform Kakao Mobility said on Monday that it launched an overseas car rental service accessible through its Kakao T app.The ...
Jul 23, 2024 (Gmt+09:00)
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Banking & Finance
KB Kookmin Bank adds Indonesian to banking platform
South Korea's KB Kookmin Bank said on Monday it launched Indonesian language services on its mobile banking platform KB Starbanking to expand its ...
Jul 23, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec calls for C-Lab Outside applications
Samsung Electronics Co. announced on Monday that it will enlist startups to participate in its external startup incubation program C-Lab Outside unt...
Jul 22, 2024 (Gmt+09:00)
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Automobiles
Lotte Rental to service Vietnam's individual long-term rental
Lotte Rental Co., South Korea's largest car rental firm, announced on Monday that it will enter Vietnam's individual long-term car rental market in ...
Jul 22, 2024 (Gmt+09:00)
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Economy
Korean banks raise mortgage rates despite looming rate cut
South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...
Jul 17, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom launches In-flight wi-fi service
South Korea's SK Telecom Co. announced on Wednesday that it launched the T In-flight wi-fi service.This service will initially be available on six a...
Jul 17, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom's X Caliber enters N.American pet market
South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...
Jul 15, 2024 (Gmt+09:00)
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Retail
CU to accept Japan's Ponta Points for payments
South Korea's BGF Retail, the operator of the leading domestic convenience store chain CU, announced on Sunday that it signed a memorandum of unders...
Jul 15, 2024 (Gmt+09:00)
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Central bank
BOK chief signals rate cut; warns of rising housing prices
The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...
Jul 11, 2024 (Gmt+09:00)
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Foreign exchange
Won to soften past 1,400, BOK rate cut likely in Oct: poll
The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...
Jul 10, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax Group unveils new CI
South Korea's Cosmax Group unveiled a new corporate identity (CI) on Wednesday. The new CI reflects Cosmax Group's identity as a global beauty and h...
Jul 10, 2024 (Gmt+09:00)
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Retail
Coupang opens Rocket Growth seller website
Coupang Inc., South Korea’s largest e-commerce platform, announced on Tuesday that it opened a dedicated website for sellers (sell.coupang.com...
Jul 09, 2024 (Gmt+09:00)
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Real estate
Korea’s POBA to invest $109 mn in Koramco’s office REIT
South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...
Jul 08, 2024 (Gmt+09:00)
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Travel & Leisure
KTO holds Visit Korea Alliance exhibition for foreigners
The Korea Tourism Organization (KTO) announced on Monday that it will hold a VK Alliance Products and Services Special Exhibition for foreigners thr...
Jul 08, 2024 (Gmt+09:00)
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ESG
SK Innovation gets MSCI ESG's leader rating
South Korean oil refiner SK Innovation Co. secured an AA rating in the environmental, social, and governance (ESG) assessment by Morgan Stanley Capi...
Jul 08, 2024 (Gmt+09:00)
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Electronics
Samsung, SK, LG vie for glass substrate market in AI era
South Korea’s household names Samsung, SK and LG have entered a new race to win the glass substrate market set to surge in the artificial inte...
Jul 08, 2024 (Gmt+09:00)
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Korean startups
Kakao supports startups with cloud services
Kakao Enterprise, an AI-based cloud solutions service subsidiary of South Korea's Kakao Corp., announced on Thursday that it started the Rocket La...
Jul 05, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Liner launches beta service for Academic Mode AI Search
South Korea's generative AI startup Liner announced on Thursday that it launched a beta service of Academic Mode AI Search, which provides answers b...
Jul 04, 2024 (Gmt+09:00)
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