Won Soju Classic
Scope
Date
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Korean startups
Korea Credit Data raises $75.7 million from Morgan Stanley
Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...
Aug 24, 2023 (Gmt+09:00)
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Korean stock market
Korean exodus from China funds amid deepening property crisis
South Korean investors’ retreat from Chinese equity funds of nearly 10 trillion won ($7.5 billion) in total principal is accelerating amid dee...
Aug 23, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro to strengthen soju marketing in UK
South Korea’s leading soju maker HiteJinro Co. announced on Tuesday that its soju sales in the UK are showing consistent growth year by year. ...
Aug 22, 2023 (Gmt+09:00)
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Korean stock market
KCGI Asset Management appoints former KIS head as new CMO
South Korea’s KCGI Asset Management, formerly Meritz Asset Management, announced on Friday that it has hired Cho Won-bok, former division head...
Aug 11, 2023 (Gmt+09:00)
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Korean games
Korean game developers look to revive heyday with reboots of old hits
South Korea’s game developers are rushing to remake classic titles to recover profitability by appealing to former fans with hit intellectual ...
Aug 11, 2023 (Gmt+09:00)
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Food & Beverage
Soju: Well-known Korean alcoholic beverage
The Korean alcoholic beverage that foreigners are most familiar with is Soju, according to the Korean Food Promotion Institution. The institution re...
Aug 01, 2023 (Gmt+09:00)
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Leadership & Management
SK Shieldus appoints former Samsung SDS president as new CEO
South Korean security company SK Shieldus announced on Tuesday that it has appointed Hong Won-pyo, former president of Samsung SDS, as its new CEO a...
Aug 01, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Group puts savings bank on market, a clear succession path
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...
Jul 28, 2023 (Gmt+09:00)
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Earnings
Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push
Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...
Jul 27, 2023 (Gmt+09:00)
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Earnings
Samsung Elec shares regain momentum after narrower chip loss in Q2
Samsung Electronics Co. reaffirmed the recovery in the global chip market in the latter half of this year after confirming a downward trend in memor...
Jul 27, 2023 (Gmt+09:00)
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Construction
Heerim wins additional contract for Phnom Penh New Airport
South Korea’s Heerim Architects & Planners announced on Friday that it has been awarded a project management consultant (PMC) contract wor...
Jul 21, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HMM officially put on sale with CB conversion shares
The privatization of South Korea’s No. 1 sea flag carrier HMM Co. has gained traction after an official announcement of its stake sale. But th...
Jul 20, 2023 (Gmt+09:00)
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Steel
POSCO Holdings posts operating profit of $790 million in Q1
South Korea's POSCO Holdings Inc. has returned to the level of 1 trillion won ($790.5 million) in quarterly operating profit after a year and sales ...
Jul 19, 2023 (Gmt+09:00)
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IPOs
LS Materials embarks on IPO process to go public in 2023
Global top ultracapacitor player LS Materials Co. is expected to go public in South Korea this year, which would mark the first LS Group company IPO...
Jul 18, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE bags $2.3 bn in vessel orders, achieves 90% of 2023 target
South Korea’s biggest shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has recently bagged over 3 trillion won ($2.3...
Jul 03, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea, Japan to resume bilateral currency swap for dollars
South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspensio...
Jun 28, 2023 (Gmt+09:00)
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Food & Beverage
HiteJinro tops global distilled liquor sales for 22nd consecutive year
South Korea’s leading soju maker HiteJinro Co. announced on Wednesday that it dominated the global distilled liquor market for the 22nd year i...
Jun 21, 2023 (Gmt+09:00)
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Foreign exchange
Yen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...
Jun 19, 2023 (Gmt+09:00)
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Markets
Japanese yen near 8-year low against S.Korean won
The Japanese yen is nearing its lowest level in eight years against the South Korean won, with their exchange rate hovering around the 9.00 level.It...
Jun 14, 2023 (Gmt+09:00)
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Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...
Jun 13, 2023 (Gmt+09:00)
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Corporate governance
SK Ecoplant seeks to establish eco holding firm, sell 40% stake to PEFs
SK Ecoplant Co. is seeking to establish an interim holding firm for its waste management subsidiaries and sell its stake to private equity firms as ...
May 30, 2023 (Gmt+09:00)
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Airlines
Jin Air seeks to spread wings to Indonesia, Singapore
Jin Air Co., a low-cost carrier (LCC) under Korean Air Co., is seeking to expand its air routes to Indonesia and Singapore this year with the additi...
May 24, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s N Vision 74 praised at Italy’s classic-concept car show
Hyundai Motor Co., which has stunned the auto industry with its rebuilt 1974 Pony Coupe concept, has again enthralled car enthusiasts with its ...
May 22, 2023 (Gmt+09:00)
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Korean stock market
Foreigners gobble up chip stocks in S.Korea, buoying overall Kospi
Foreign investors' appetite for South Korean stocks remains insatiable, mainly for semiconductor heavyweights, underscoring their high expectations ...
May 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s design inspiration: Pony Concept restored after 50 years
For Hyundai Motor Co., the Pony – its first car – is a bittersweet memory.When Hyundai set its sights on car manufacturing back in 1974,...
May 19, 2023 (Gmt+09:00)
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The KED View
Korean won needs economic fundamentals recovery for rebound
The South Korean won is underperforming most other currencies as Asia’s fourth-largest economy is gradually losing steam for long-term growth....
May 16, 2023 (Gmt+09:00)
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Airlines
Intense competition in S.Korea's LCC sector fuels zero-won tickets
South Korea's low-cost carriers (LCCs) since last month have waged an intense competition with the recovery of the overseas travel market. They boos...
May 09, 2023 (Gmt+09:00)
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Central bank
BOK chief says rate cut premature despite slower growth
South Korea’s central bank chief on Wednesday said it is too early to suggest starting to cut interest rates as inflation remains above its ta...
May 03, 2023 (Gmt+09:00)
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Batteries
POSCO Future M to supply LG Energy Solution $22.6 bn worth of cathodes
POSCO Future M Co. on Wednesday signed a long-term contract with LG Energy Solution Ltd. (LGES) to supply 30.26 trillion won ($22.6 billion) worth o...
Apr 26, 2023 (Gmt+09:00)
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Business & Politics
POSCO beats Lotte to join S.Korea’s top 5 conglomerates
Steel giant POSCO has joined the ranks of South Korea’s top five conglomerates for the first time, supported by strong earnings from its recha...
Apr 25, 2023 (Gmt+09:00)