Korea household credit
Scope
Date
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Mergers & Acquisitions
Korean Air may give up Asiana’s cargo business, 4 routes for EU approval
Korean Air Lines Co. may give up the cargo business of Asiana Airlines Inc. and four of its lucrative routes in Europe in an all-in bet as the marri...
Sep 25, 2023 (Gmt+09:00)
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Carbon neutrality
Net-zero by 2050 will hit S.Korea’s economic growth: BOK
The net zero emission target by 2050 is forecast to lower South Korea’s economic growth rate by an average of 0.6 percentage point per year ...
Sep 25, 2023 (Gmt+09:00)
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Regulations
S.Korea to extend forex trading hours from Oct. 4 to lure foreign dealers
South Korea will extend the operating hours of the domestic foreign exchange market from next month, allowing foreign currency dealers to directly p...
Sep 25, 2023 (Gmt+09:00)
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Cryptocurrencies
Com2uS XPLA listed on S.Korea's crypto exchange Gopax
South Korea's Com2uS Holdings Corp. announced on Monday that the cryptocurrency called XPLA used in the Com2uS Group's blockchain mainnet of the s...
Sep 25, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to expand quota of foreign skilled workers to 35,000
The South Korean Ministry of Justice announced on Monday that it will expand the quota of foreign skilled workers from the current 2,000 to 35,000.E...
Sep 25, 2023 (Gmt+09:00)
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Energy
S.Korea’s SK Earthon starts oil production in South China
SK Earthon Co., the resources development subsidiary of South Korea’s top energy company SK Innovation Co., began crude production at an oil f...
Sep 25, 2023 (Gmt+09:00)
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Energy
US OKs Chinese-made solar modules using materials of S.Korea's OCI
The US has approved the import of Chinese-made solar panels using polysilicon from South Korea's green and energy company OCI Holdings Co.Pundits sa...
Sep 25, 2023 (Gmt+09:00)
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Batteries
LG Chem, Huayou to build LFP cathode plant in Morocco
South Korea’s LG Chem Ltd. said on Sunday it will build a lithium phosphate iron (LFP) cathode materials plant in Morocco in partnership with ...
Sep 24, 2023 (Gmt+09:00)
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Economy
Korea logs surplus in IP trade in H1 on surge of culture, art
South Korea posted a surplus in its intellectual property (IP) rights trade in the first half of this year, thanks to profits on culture, art and so...
Sep 22, 2023 (Gmt+09:00)
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Bio & Pharma
JW Pharma to conduct Phase 3 trials in Thailand for gout treatment
South Korea's JW Pharmaceutical Corp. on Thursday said it received approval from Thailand's Food and Drug Administration to conduct Phase 3 clinical...
Sep 22, 2023 (Gmt+09:00)
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Leadership & Management
Ex-CEOs return to firms in Korea for operational stability
Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...
Sep 22, 2023 (Gmt+09:00)
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Real estate
Seoul envisions its own Hudson Yards in the city's east end
Seoul, the capital of South Korea for more than six centuries since the Joseon dynasty, is poised to revamp its city planning for the next century w...
Sep 22, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to change rocket launch permit system to licensing model
South Korea will change its system for sending projectiles into space to a licensing model covering one to five years instead of requiring approva...
Sep 22, 2023 (Gmt+09:00)
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Retail
Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam
HANOI – On a late summer day in Vo Chi Cong, Tay Ho district, a colossal commercial complex was packed with people wanting to savor all things...
Sep 21, 2023 (Gmt+09:00)
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Regulations
Broadcom fined $14.3 mn in Korea over Samsung contract
Broadcom Inc. a US smartphone components maker, was slapped with a fine of 19.1 billion won ($14.3 million) in South Korea on Thursday for allegedly...
Sep 21, 2023 (Gmt+09:00)
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Electronics
Samsung tops US customer satisfaction in PC sector
Samsung Electronics Co. has been rated as the most satisfactory PC brand among US consumers, according to a survey by the American Customer Satisfac...
Sep 21, 2023 (Gmt+09:00)
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Steel
Japanese steelmakers flood South Korea on back of weaker yen
Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....
Sep 20, 2023 (Gmt+09:00)
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Leadership & Management
KEPCO's new CEO heralds electricity rate hikes, drastic reforms
South Korea’s near-monopoly power company Korea Electric Power Corp. (KEPCO) is expected to raise electricity rates and lessen its outsized re...
Sep 20, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea's Cosmax wins halal award in Indonesia
Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...
Sep 20, 2023 (Gmt+09:00)
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Retail
Korea’s Lotte Shopping aims to double profit, seek new biz
Lotte Shopping Co., South Korea’s retail giant, aims to double its profit in three years by expanding its Southeast Asian operations and cemen...
Sep 19, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Dongwon founder vows to acquire Korea’s top container line HMM
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, has vowed to acquire HMM Co., the country’s top container ship ...
Sep 19, 2023 (Gmt+09:00)
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Banking & Finance
Samsung Galaxy to help locate lost credit cards
Samsung Electronics Co. signed a business agreement with KB Kookmin Card and American Express on Tuesday for the launch of an Internet-of-Things (Io...
Sep 19, 2023 (Gmt+09:00)
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Energy
US court rules in favor of Korea's nuclear reactor exports
A US district court on Monday dismissed Westinghouse Electric Corp.’s lawsuit against South Korean state-run companies to block their nuclear ...
Sep 19, 2023 (Gmt+09:00)
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Travel & Leisure
K-food behind Japanese travelers' rush to S.Korea
South Korea is actively promoting itself as a foodies’ heaven to invite more Japanese tourists who have already contributed the most to the co...
Sep 19, 2023 (Gmt+09:00)
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Foreign exchange
Koreans’ US dollar selling spree continues in anticipation of weaker USD
US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Ko...
Sep 19, 2023 (Gmt+09:00)
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Business & Politics
Hyundai eyes Saudi EV plant as Korea bets on Middle East boom
Hyundai Motor Co. is set to build an electric vehicle assembly plant in Saudi Arabia as South Korean companies are increasingly tapping growth oppor...
Sep 18, 2023 (Gmt+09:00)
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Travel & Leisure
Foreign visitors' portion of Jeju Island consumption increases: report
It has been revealed that spending by foreign tourists visiting Jeju Island has significantly increased since the end of the COVID-19 pandemic.Accor...
Sep 18, 2023 (Gmt+09:00)
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Fintech
Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments
Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...
Sep 18, 2023 (Gmt+09:00)
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Entertainment
Netflix, S.Korea’s SK Broadband to settle longstanding legal dispute
Netflix Inc., the world’s top streaming service, and SK Broadband Co., South Korea’s No. 2 internet service provider, said on Monday tha...
Sep 18, 2023 (Gmt+09:00)
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Korean games
Netmarble eyes surplus in H2 with success of new games
South Korean game developer Netmarble Corp. is eyeing profits in the second half as its latest games gain in popularity, after posting deficits for ...
Sep 18, 2023 (Gmt+09:00)