employment rate
Scope
Date
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Central bank
BOK sees interest rate as tight amid continued drop in exports
South Korea’s central bank said on Tuesday it regards the current interest rate as tight, suggesting the monetary authority may hold the polic...
Feb 21, 2023 (Gmt+09:00)
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Automobiles
Lexus, Volvo: Koreans' top picks among foreign brands in after-sales service
Lexus, the premium brand of Japanese carmaker Toyota Corp., offers the best after-sales service among imported cars in South Korea, followed by Swed...
Feb 20, 2023 (Gmt+09:00)
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Economy
S.Korea's Engel coefficient rises sharply amid COVID-19 pandemic
South Korea’s low-income households are feeling the pinch of rising food prices amid the COVID-19 pandemic, according to a report by a local t...
Feb 17, 2023 (Gmt+09:00)
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Electronics
Samsung Elec launches motor HR development track with sci-tech school
Samsung Electronics Co. and Gwangju Institute of Science and Technology (GIST) will jointly develop human resources to advance motor technology, the...
Feb 16, 2023 (Gmt+09:00)
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Economy
Treasury yield falls signal BOK's looser grip on inflation
The yield on South Korea’s benchmark three-year treasury bonds has stayed below the base rate for a month, out of sync with monetary policies ...
Feb 13, 2023 (Gmt+09:00)
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Earnings
HMM’s operating profit to fall 80% in 2023 on easing freight rates
South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...
Feb 13, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's banks see deposits plummet $35.5 billion in Jan
Banks in South Korea last month saw deposits plummet over 45 trillion won ($35.5 billion) from the previous month due to a decline in deposit intere...
Feb 10, 2023 (Gmt+09:00)
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Corporate bonds
SK Hynix set for largest-ever corporate bond issue at bargain prices
SK Hynix Inc., the world’s second-largest memory chipmaker, is gearing up for its largest-ever corporate bond issue in South Korea at lower-th...
Feb 08, 2023 (Gmt+09:00)
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ESG
SK Bioscience climbs two notches in ESG evaluation, receives BBB rating
SK Bioscience Co., a biopharmaceutical arm of South Korea's SK Group, announced it has received a BBB rating in its latest environmental, social, an...
Feb 03, 2023 (Gmt+09:00)
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Airlines
Korean Air reports strongest performance ever in 2022
Korean Air Lines Co. had its strongest performance ever in 2022, as it successfully cashed in on a thriving cargo business and a full recovery in pa...
Feb 01, 2023 (Gmt+09:00)
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Korean startups
S.Korea's MGRV attracts $10mn Series B bridge investment
MGRV Community & Space, a South Korean startup that operates co-living facilities under the brand "Mangrove," announced on Wednesday it has attr...
Feb 01, 2023 (Gmt+09:00)
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Electronics
Samsung's Galaxy S23 obtains Canstar Blue's Most Satisfied Customers award
Galaxy S23, the latest mobile handset of South Korea's electronics giant Samsung Electronics Co., obtained the Canstar Blue 2023 Most Satisfie...
Jan 25, 2023 (Gmt+09:00)
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Pension funds
Bank's retirement pension soars 15% to $107 bn last year
Retirement pensions at banks in the fourth quarter of last year emerged as a haven for money that tried to generate a stable return, shunning away f...
Jan 25, 2023 (Gmt+09:00)
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Central bank
BOK mulls business, financial stability this year while focusing on inflation
The Bank of Korea Governor Rhee Chang-yong on Wednesday said, "We will focus on inflation this year but also closely consider tradeoffs to preserve ...
Jan 19, 2023 (Gmt+09:00)
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Debt financing
Hyosung Chemical fails to sell any bonds in demand forecast
South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...
Jan 18, 2023 (Gmt+09:00)
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Electric vehicles
Kia to break ground on new Korean EV plant in March
Kia Corp., South Korea’s No. 2 automaker, is set to break ground in March on a domestic factory to produce electric purpose-built vehicles (PB...
Jan 16, 2023 (Gmt+09:00)
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Economy
Bank of Korea gives bearish outlook after rate hike
South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...
Jan 13, 2023 (Gmt+09:00)
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Automobiles
Korea’s secondhand car market cools amid elevated interest rates
South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...
Jan 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Jan 05, 2023 (Gmt+09:00)
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Real estate
Hotels in top Seoul tourist area on sale due to rate hikes
South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...
Jan 04, 2023 (Gmt+09:00)
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Energy
S.Korea's top 2 LPG importers E1 and SK Gas cut supply price
South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...
Jan 02, 2023 (Gmt+09:00)
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ESG
Woori Financial wins MSCI ESG global leader rating for 2nd year
Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...
Dec 30, 2022 (Gmt+09:00)
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ESG
SK Inc. gets highest AAA grade in MSCI's ESG rating
SK Inc., SK Group's investment arm, won the highest AAA ratings from both Morgan Stanley Capital International (MSCI) and the Dow Jones Sustainabili...
Dec 27, 2022 (Gmt+09:00)
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Korean chipmakers
Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward
South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...
Dec 23, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 signs maritime surveillance radar-II defense contract
LIG Nex1 Co. said on Friday that it has signed an agreement with the Naval Logistics Command for the Maritime Surveillance Radar-II project, which w...
Dec 23, 2022 (Gmt+09:00)
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Real estate
Commercial building transactions plummet to 2008 financial crisis level
In October, commercial building sales in Seoul plunged to the level of the 2008 global financial crisis.According to an analysis of actual transacti...
Dec 22, 2022 (Gmt+09:00)
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Automobiles
Genesis electrified G80 receives highest grade in IIHS crash test
Hyundai Motor Co. said on Wednesday that its G80 electric vehicle model received the highest rating of Top Safety Pick Plus (TSP+) in a crash test d...
Dec 21, 2022 (Gmt+09:00)
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Korean stock market
Korean stocks with healthy earnings to shine in H2 2023
South Korea’s Mirae Asset Securities Co. expected local shares with strong earnings including growth stocks to rally in the second half of nex...
Dec 15, 2022 (Gmt+09:00)
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Energy
Doosan Enerbility gets int'l certification for offshore wind power system
South Korea's heavy industry company Doosan Enerbility Co. on Monday said it is Korea's first to receive international certification for an eight-me...
Dec 12, 2022 (Gmt+09:00)
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Business & Politics
South Korea needs to attract more foreign professionals: FKI
In order to address the chronic shortage of industrial engineering manpower, a research report proposed that South Korea put more effort into attracti...
Dec 08, 2022 (Gmt+09:00)