short term loans
Scope
Date
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Economy
Korea’s household debt hits record high on mortage loans
South Korea’s household debt hit a record high in the second quarter as the domestic housing market started to recover and more consumers rush...
Aug 20, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to apply BMS to all EVs for fire prevention
Hyundai Motor Group, the world’s third-largest automaker, plans to install its battery management system (BMS) in all its electric vehicles to...
Aug 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Acquisition loan rates dip to pre-pandemic levels in S.Korea
Interest rates on acquisition financing in South Korea are set to stabilize at the 5% level, rates last seen before COVID-19 swept the world, height...
Aug 15, 2024 (Gmt+09:00)
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Hydrogen economy
Doosan Fuel Cell wins $73 mn hydrogen fuel cell contract
South Korea's Doosan Fuel Cell has secured a 100 billion won ($72.93 million) contract for the maintenance of hydrogen fuel cells, the company said ...
Aug 13, 2024 (Gmt+09:00)
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Banking & Finance
Korea opens probe into Woori's loans to ex-chair's relatives
South Korea’s financial watchdog agency said on Sunday it has found that Woori Financial Group, the country's fourth-largest financial holding...
Aug 11, 2024 (Gmt+09:00)
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Korean chipmakers
US to award SK Hynix up to $450 mn for Indiana chip complex
The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...
Aug 07, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung produces thinnest low-power DRAM for AI mobile devices
Samsung Electronics Co., the world’s top memory chipmaker, has begun mass production of the industry’s thinnest low-power double data ra...
Aug 06, 2024 (Gmt+09:00)
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Energy
Taihan Cable wins $137 mn long-term contract in US
South Korea's Taihan Cable & Solution Co. announced on Thursday that its US sales subsidiary T.E.USA has secured a long-term contract worth 190 ...
Jul 25, 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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Leadership & Management
Hanwha Group to expand stock compensation to team chiefs
South Korea’s No. 7 conglomerate Hanwha Group will expand its restricted stock units (RSUs) to encourage employee interest in the company&rsqu...
Jul 18, 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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Banking & Finance
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Jul 16, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Financial builds disaster response system
South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...
Jul 15, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
Jul 11, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group, Oxford Univ. establish Foresight Center
Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...
Jul 09, 2024 (Gmt+09:00)
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Asset management
Young rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...
Jul 05, 2024 (Gmt+09:00)
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Short selling
Korea slaps Credit Suisse with largest ever short-sale penalty
South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combined 27.2 billion won...
Jul 03, 2024 (Gmt+09:00)
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Banking & Finance
Korean banks to cut corporate loans for profitability
South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...
Jun 30, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung seeks $3.6 billion in loans from KDB for chip investment
South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the state-run Korea Development Bank t...
Jun 26, 2024 (Gmt+09:00)
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Pension funds
Korea's NPS CIO talks with GPIF, GIC execs on asset allocation
South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...
Jun 24, 2024 (Gmt+09:00)
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Short selling
MSCI keeps Korea on emerging market list on short-selling ban
MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...
Jun 21, 2024 (Gmt+09:00)
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Economy
South Korea climbs to 20th on IMD national competitiveness list
South Korea’s national competitiveness ranking climbed eight notches to its highest-ever 20th thanks to a leap in the country’s business...
Jun 18, 2024 (Gmt+09:00)
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Webtoons
South Korean webtoon makers in quandary after pandemic
At the height of the COVID-19 pandemic a few years back, social distancing was the rule of life. People stayed at home, with many of them killing ti...
Jun 14, 2024 (Gmt+09:00)
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Banking & Finance
BNK Capital opens microfinance organization in Uzbekistan
South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Ca...
Jun 14, 2024 (Gmt+09:00)
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Regulations
Korea likely to lift short-selling ban in April after leveling playing field
South Korea’s financial regulator, the Financial Services Commission (FSC), said on Thursday it will extend its blanket stock short-selling ba...
Jun 13, 2024 (Gmt+09:00)
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Leadership & Management
HD Hyundai’s ascent driven by visionary spinoff push
Many cast doubts on HD Hyundai Group’s decision to separate its ship maintenance, repair and overhaul (MRO) service in 2016. The move, however...
Jun 10, 2024 (Gmt+09:00)
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Korean stock market
Korea's short-selling ban impedes MSCI index upgrade
South Korea is expected to retain its MSCI’s emerging market status as the global index provider said in its June 6 report that the country&rs...
Jun 07, 2024 (Gmt+09:00)
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Real estate
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
Jun 04, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s KT, Microsoft form strategic alliance on AI, cloud sectors
South Korea’s leading telecommunications service provider KT Corp. has formed a strategic alliance with US tech giant Microsoft Corp. to colla...
Jun 04, 2024 (Gmt+09:00)
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Corporate bonds
Korea's bad loan managers seek liquidity via bond sales
South Korean non-performing loan (NPL) managers are increasing fundraising through corporate debt issuance given an outbreak of bad loans amid highe...
May 29, 2024 (Gmt+09:00)
Latest News
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