dollar/won exchange rate
Scope
Date
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Steel
POSCO fully recoups initial investment in Roy Hill mine
POSCO Holdings Inc., the holding company of South Korea’s top steelmaker POSCO, has fully recovered its initial investment of 1.3 trillion won...
Oct 10, 2023 (Gmt+09:00)
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Earnings
LG Elec beats earnings estimates on healthy automotive biz
LG Electronics Inc., the leading global home appliance maker, reported better-than-expected quarterly earnings thanks to the strong automotive busin...
Oct 10, 2023 (Gmt+09:00)
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Travel & Leisure
Overseas trips top pre-pandemic levels during Chuseok holiday
The number of South Koreans who spent this year’s six-day holiday of Chuseok abroad exceeded pre-pandemic levels, indicating a recovery in the...
Oct 08, 2023 (Gmt+09:00)
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Foreign exchange
Dollar/won in wildest swing in 13 yrs despite intervention
The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...
Oct 06, 2023 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 signs agreement with Megazone Cloud, AWS
South Korea's LIG Nex1 Co. announced on Thursday that it has signed a memorandum of understanding for the future space, defense cloud transition wit...
Oct 05, 2023 (Gmt+09:00)
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Batteries
LG Energy Solution to supply EV batteries to Toyota for 10 years
LG Energy Solution Ltd. will supply 20 gigawatt hours (GWh) worth of batteries for electric vehicles of the world’s No. 1 car seller Toyota Mo...
Oct 05, 2023 (Gmt+09:00)
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Markets
Korea markets melt as Fed officials foresee longer-than-expected high rates
South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...
Oct 04, 2023 (Gmt+09:00)
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Foreign exchange
Fed-triggered taper tantrum takes toll on Korean financial markets
The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...
Sep 26, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea's travel agencies fight for survival with customized products
South Korea’s major travel agencies, feeling threatened by the rise of online travel agencies on the tourism market, are using their strengths...
Sep 26, 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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Electronics
LG Elec takes on Lenovo, Asus in foldable laptop race
LG Electronics Inc. will join the race to lead the emerging foldable laptop market, currently led by foreign notebook majors Lenovo Ltd. and ASUSTeK...
Sep 25, 2023 (Gmt+09:00)
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Energy
Taihan Cable bags $60 mn high-voltage power grid deal in Bahrain
Taihan Cable & Solution Co., a South Korean major cable manufacturer, has won its first-ever order in Bahrain, worth about $60 million, to build...
Sep 22, 2023 (Gmt+09:00)
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Central bank
Korean financial markets tumble as Fed signals higher rates
South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year a...
Sep 21, 2023 (Gmt+09:00)
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Electronics
B2B, home appliance giant LG's new money spinner
A sense of crisis gripped South Korean home appliance giant LG Electronics Inc. two years ago when consumers tightened their purse strings on growin...
Sep 21, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung SDI gets top int'l grade for zero-waste landfills
South Korea’s Samsung SDI Co. on Wednesday said all of its domestic business sites received the highest grade of Platinum in the Zero Waste to...
Sep 21, 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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Tech, Media & Telecom
Naver Smart Store's 100 mn won club reaches 45,000 members
Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...
Sep 20, 2023 (Gmt+09:00)
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Fintech
Naver Pay to be available at all Alipay merchants in China
Naver Pay, the simple payment service of South Korea's Naver Financial, announced on Tuesday that it will start offering Naver Pay Money and Point Q...
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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Bio & Pharma
Samsung Biologics wins $242 mn order from Bristol Myers Squibb
Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it has signed an agreement to produce $242 million worth of anti...
Sep 18, 2023 (Gmt+09:00)
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Bio & Pharma
VaxCell Bio's treatment shows promise for advanced liver cancer
South Korea's VaxCell Biotherapeutics Co. on Tuesday said its treatment for advanced liver cancer under development stopped or greatly reduced the g...
Sep 13, 2023 (Gmt+09:00)
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Blockchain
Mirae Asset teams up with Polygon Labs for tokenized securities
South Korea’s Mirae Asset Securities Co. has partnered with Polygon Labs, a New York-based global blockchain company, for financial tokenizati...
Sep 08, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis to raise car shipping rates amid vehicle carrier shortage
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, plans to raise vehicle shipping rates considering the sharp rise ...
Sep 04, 2023 (Gmt+09:00)
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Korean startups
AI webtoon generator Realdraw earns most votes at D.Day
Realdraw, a South Korean developer of artificial intelligence image generation technology, won the country’s oldest startup pitch race D.Day l...
Sep 01, 2023 (Gmt+09:00)
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Cryptocurrencies
WEMIX listed on US virtual asset exchange Tapbit
South Korean game publisher WeMade Co. announced on Thursday that its cryptocurrency WEMIX will be listed on the US cryptocurrency exchange Tapbit.&...
Aug 31, 2023 (Gmt+09:00)
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IPOs
Shinhan Securities handles listing of private hospital in Indonesia
Shinhan Investment & Securities announced on Thursday that its local subsidiary in Indonesia has organized the listing of private hospital RSCH ...
Aug 31, 2023 (Gmt+09:00)
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Economy
S.Korea’s birth rate at record low despite rebound in marriages
South Korea’s total fertility rate hit its trough of 0.7 again in the second quarter, according to Statistics Korea on Wednesday, deepening th...
Aug 30, 2023 (Gmt+09:00)
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Pension funds
NPS logs 9.1% return in H1 2023; recovered from loss in 2022
National Pension Service (NPS) of South Korea achieved a 9.1% return on investment during the first half of this year, with assets under management ...
Aug 30, 2023 (Gmt+09:00)
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Korean startups
S.Korea to invest in Korean-owned overseas startups
South Korea will expand startup nurturing programs into overseas venture companies launched by Koreans from next year as the country is stepping up ...
Aug 30, 2023 (Gmt+09:00)
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Food & Beverage
Nestlé seeks to open Starbucks brand stores in Korea
Nestlé S.A., the world’s largest food company, is preparing to open small Starbucks brand stores in South Korea to attract budget-consc...
Aug 28, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer