Seoul office vacancy rates
Scope
Date
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Economy
South Korea's total fertility rate falls under 0.8 in 3rd quarter
South Korea's birth rate in the third quarter this year set another all-time low of under 0.8, and the national population consequently declined f...
Nov 23, 2022 (Gmt+09:00)
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Economy
OECD cuts Korea's economic growth forecast for next year to 1.8%
The Organisation for Economic Development and Co-operation (OECD) has cut its forecast for South Korea's economic growth next year to 1.8%, down fro...
Nov 23, 2022 (Gmt+09:00)
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Economy
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
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Corporate bonds
KEPCO turns from bonds to banks for money on govt plans
Korea Electric Power Corp. (KEPCO) is set to raise 600 billion won ($442 million) from a local bank in a plan to seek loans to secure money instead ...
Nov 21, 2022 (Gmt+09:00)
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Central bank
BOK may increase rate by only 25 bps this week as won rebounds
South Korea’s central bank is likely to raise interest rates by only 25 basis points this week as its won currency may have bottomed out, easi...
Nov 21, 2022 (Gmt+09:00)
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Economy
Seoul more expensive than Tokyo for expats due to high real estate costs
TOKYO — The monthly rent of a commercial building in Seoul has surpassed that of Tokyo for the first time.The rent for an office building in t...
Nov 20, 2022 (Gmt+09:00)
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Business & Politics
Saudi 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 in bilateral deals wi...
Nov 17, 2022 (Gmt+09:00)
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Cryptocurrencies
FTX 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 exception.Seoul-based cry...
Nov 17, 2022 (Gmt+09:00)
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Earnings
South 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 the same period last...
Nov 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
UK regulator flags concerns over Korean Air-Asiana merger
The British antitrust watchdog raised concerns over the impact on competition of the proposed merger between South Korea’s two largest carrier...
Nov 15, 2022 (Gmt+09:00)
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Construction
Saudi crown prince to meet Korean business leaders in Seoul
Saudi Arabia’s crown prince Mohammed bin Salman is known to be planning meetings with leaders of major South Korean conglomerates, including S...
Nov 15, 2022 (Gmt+09:00)
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Petrochemicals
S-Oil to OK $6 billion Shaheen project as Saudi prince heads to Seoul
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will approve the much-touted 8 trillion won ($6 billion) Shaheen project to expand its ...
Nov 14, 2022 (Gmt+09:00)
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Corporate bonds
Korean firms at risk of credit rating downgrade on Legoland woes
South Korean companies are at risk of credit rating downgrades as the fallout of a debt default by the domestic developer of a Legoland theme park r...
Nov 13, 2022 (Gmt+09:00)
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Foreign exchange
Korea won sees best day in nearly 14 yrs, may be climbing from bottom
The South Korean won currency on Friday reported the largest daily gain in almost 14 years as lower-than-expected US inflation data bolstered expect...
Nov 11, 2022 (Gmt+09:00)
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Korean startups
Delivery startup VtoV raises $7.2 million from Series A round
South Korean logistics startup VtoV, the operator of optimized delivery service To-Day, raised 9.5 billion won ($7.2 million) from a Series A round....
Nov 11, 2022 (Gmt+09:00)
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Economy
KDI cuts Korea growth forecast, urges gradual rate hikes
South Korean economic growth is expected to decline further next year to the slowest level since the COVID-19 breakout while inflation is likely t...
Nov 11, 2022 (Gmt+09:00)
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Investment banking
Korean brokerages' restructuring targets investment banking units
South Korea’s small- and mid-sized brokerage houses have begun their workforce reductions ahead of the end of the year. The brokerages are set...
Nov 10, 2022 (Gmt+09:00)
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Economy
Korea’s job growth at 11-month low deepens economic woes
South Korea’s job growth in October fell for a fifth consecutive month to the lowest in eleven months, boosting concerns over a slowdown in As...
Nov 09, 2022 (Gmt+09:00)
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Korean startups
South Korea’s biggest startup event ComeUp 2022 kicks off in Seoul
South Korea’s largest startup event ComeUp kicked off on Wednesday at the Dongdaemun Design Plaza (DDP). The annual event, which celebrat...
Nov 09, 2022 (Gmt+09:00)
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Foreign exchange
Korea won hits 2-month high on US election, China hopes
The South Korean won on Wednesday hit a two-month high on expectations that a victory by the Republicans in the US midterm elections may slow the Fe...
Nov 09, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Microsoft CEO Nadella to speak at developers' forum in Seoul
Microsoft Korea said on Tuesday that it will host Microsoft Ignite Spotlight on Korea, an annual conference for developers and IT professionals, on ...
Nov 08, 2022 (Gmt+09:00)
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Banking & Finance
Weak won leads HSBC's Seoul branch to raise capital
The Seoul branch of the UK-based Hong Kong and Shanghai Banking Corp. (HSBC) has made a capital increase of over 20% to raise its capital adequacy r...
Nov 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea's shipbuilding order volume to plummet next year: report
South Korea's shipbuilders fear seeing their orders next year plummet by over 40% on-year due to disruptions in related financing amid surging inter...
Nov 07, 2022 (Gmt+09:00)
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Business & Politics
Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law
The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...
Nov 04, 2022 (Gmt+09:00)
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Electronics
Korean LED maker marks 100th victory in global patent wars
Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, won a patent lawsuit in Germany, setting a recor...
Nov 04, 2022 (Gmt+09:00)
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Central bank
BOK may raise rates by 50 bps again on Fed, inflation
South Korea’s central bank may increase interest rates by 50 basis points again as the US Federal Reserve continued to aggressively tighten mo...
Nov 03, 2022 (Gmt+09:00)
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Economy
Korea’s 1st export decline in 2 years dims BOK’s big-step rate hike outlook
South Korea’s exports fell for the first time in two years in October, posting a trade deficit for seven months in a row – the clearest ...
Nov 01, 2022 (Gmt+09:00)
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Korean startups
H Robotics enters the UAE market with rehabilitation robot Rebless
South Korean startup H Robotics will enter the Middle East with the rehabilitation robot Rebless, an FDA-registered robotic therapy device for both ...
Nov 01, 2022 (Gmt+09:00)
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Korean stock market
Rising interest rates reshuffle Korean market cap list
Rising interest rates amid a slowing global economy rattled South Korean companies’ market capitalization rankings, bumping online players suc...
Oct 28, 2022 (Gmt+09:00)
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Economy
Korea to face more headwinds after Q3 growth hits 1-yr low
The South Korean economy grew at its slowest pace of the year in the third quarter on weak net exports, adding to concerns over a further slowdown i...
Oct 27, 2022 (Gmt+09:00)