South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange authorities to increase the upper limit of currency swap deal from the current $35 billion to $50 billion to mitigate exchange risk

Jun 21, 2024 (Gmt+09:00)

MUNICH – Lotte Energy Materials Corp. is one of South Korea’s leading battery materials specialists.Formerly known as Iljin Materials Co., Lotte Energy has been in the industry for decades, supplying its products to global electric vehicle battery makers, including Ch

Jun 21, 2024 (Gmt+09:00)

South Korean chemicals-to-defense conglomerate Hanwha has signed a $100 million deal to acquire a 100% stake in Philly Shipyard Inc., becoming the first Korean company to enter the US shipbuilding industry.The acquisition involves the Korean conglomerate’s two defense-relat

Jun 21, 2024 (Gmt+09:00)

MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country’s hopes to attract more foreign capital to Asia’s fourth-largest economy by winning the global index provider’s developed market status.MSCI said on Thursday the short-selling ban implemented in November last year introduced additional accessibility constraints. South Korea has been prohi

Jun 21, 2024 (Gmt+09:00)

South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate the decades-long business relations with its parent Young Poong Group by dominating the group’s affiliate Sorin Corp. boardroom.Korea Zinc said on Thursday that it nominated four new board members, including four executives of the zinc smelting company and its subsidiary, and reappointed Korea Zinc Honorary Chair Choi Chang-geun whose board memb

Jun 21, 2024 (Gmt+09:00)