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Foreign exchangeKorean 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 t...
Nov 17, 2022 (Gmt+09:00)
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Business & PoliticsSaudi prince’s Seoul trip brings $30 billion in business deals
Mohammed bin Salman, the crown prince and prime minister of Saudi Arabia, flew into Seoul on Thursday and clinched $30 billion i...
Nov 17, 2022 (Gmt+09:00)
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Mergers & AcquisitionsEugene Group, Stonebridge Capital mull logistics firm Mesh acquisition
South Korean conglomerate Eugene Group, one of the largest construction materials suppliers in the country, is planning to acqui...
Nov 17, 2022 (Gmt+09:00)
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CryptocurrenciesFTX implosion disrupts interest issuance by GOPAX product
The implosion of the Bahamas-based crypto exchange FTX is causing ripple effects around the world, and South Korea is no excep...
Nov 17, 2022 (Gmt+09:00)
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Pension fundsKorea's NPS to get partial tax refund on US real estate sales
South Korea’s National Pension Service (NPS) is set to receive a tax refund of 30 billion won ($22.4 million) from the US ...
Nov 17, 2022 (Gmt+09:00)
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LogisticsHyundai Glovis joins hands with Lion Group to move into Malaysian logistics market (edited)
Hyundai Glovis will enter the Southeast Asian logistics market in partnership with a large Malaysian company. The company, Hyund...
Nov 17, 2022 (Gmt+09:00)
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Korean startupsData startup BankSalad begins monetizing free genetic testing
BankSalad Co., once known as a fintech company that develops banking apps, added a new vertical last year that has witnessed rob...
Nov 17, 2022 (Gmt+09:00)
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AutomobilesHyundai Mobis unveils gesture-based display control tech
Hyundai Mobis Co., the world’s sixth-largest automotive supplier, has developed technology for the first time in the indus...
Nov 17, 2022 (Gmt+09:00)
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ElectronicsSamsung, LG products sweep CES 2023 innovation awards
South Korea’s two largest home appliance makers – Samsung Electronics Co. and LG Electronics Inc. – have swept...
Nov 17, 2022 (Gmt+09:00)
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ConstructionSouth Korea's DL E&C wins 1st petrochemical plant order in US
South Korean construction company DL E&C has landed its first contract to build a petrochemical plant in the US.The company ...
Nov 17, 2022 (Gmt+09:00)
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Rights offeringsKorea's Lotte Chem likely to raise $745 mn via rights offering
South Korea’s Lotte Chemical Corp. is poised to decide to raise more than 1 trillion won ($745.4 million) of capital at it...
Nov 17, 2022 (Gmt+09:00)
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Chemical IndustrySamyang transitions to white biotech with S.Korea’s first isosorbide plant
Samyang Group, a diversified conglomerate, has long focused on the chemicals and foodstuffs sectors. While adding to its ex...
Nov 17, 2022 (Gmt+09:00)
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Future mobilityHyundai Genesis to unveil electric-powered convertible concept car
Genesis, the luxury car brand of Hyundai Motor, has unveiled a convertible concept model in Southern California.In Malibu Tuesda...
Nov 17, 2022 (Gmt+09:00)
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AirlinesS. Korea's T'way Air to resume Incheon-Chiang Mai route
South Korea's budget carrier T'way Air on Wednesday said it will resume from Nov. 28 its flight linking Incheon and Chiang Mai, ...
Nov 17, 2022 (Gmt+09:00)
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EarningsSouth Korea's listed companies suffer 26% drop in operating profit in Q3
South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from ...
Nov 17, 2022 (Gmt+09:00)