foreign exchange rate
Scope
Date
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Logistics
Korean firms face triple whammy of soaring KRW, freight rates, Biden
South Korea’s major companies are facing a triple whammy of challenges — a stronger Korean currency, soaring seaborne and air freight rate...
Nov 08, 2020 (Gmt+09:00)
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Business expansion
Shinhan closing in on HSBC to be top foreign bank in Vietnam
Shinhan Bank Vietnam Ltd., the Vietnamese subsidiary of Shinhan Bank, is close to becoming the top foreign bank in Vietnam thanks to its solid perform...
Oct 27, 2020 (Gmt+09:00)
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Bond issues
Kakao's exchangeable bond issue lures global investors
South Korea’s mobile platform giant Kakao Corp. is raising the price of shares to be converted from its exchangeable bond issue in Singapore on ...
Oct 22, 2020 (Gmt+09:00)
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Central bank
Bank of Korea keeps rate steady at record low; signaling no further action
The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...
Oct 14, 2020 (Gmt+09:00)
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Korean regulator mulls flat-rate underwriting fees to cool IPO hype
South Korean financial regulators are considering introducing flat-rate underwriting fees for initial public offerings, in a move seen aimed at coolin...
Sep 25, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Foreign cloud service providers led by Amazon, MS play big in Korea
Global cloud service providers such as Amazon Web Services (AWS) are taking a greater share of South Korea’s serverless computing market, where ...
Sep 25, 2020 (Gmt+09:00)
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Venture capital
Korean digital wallet operator raises $173 mn from foreign VC firms
Viva Republica Inc., the operator of South Korea's popular digital wallet Toss, has raised its largest single fundraising worth $173 million from...
Aug 28, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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dollar bond
KT issues $400 mn dollar-denominated bond with record-low 1% interest rate
South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...
Aug 25, 2020 (Gmt+09:00)
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Markets
Korea’s money supply sees fastest growth in decade as foreigners return to stock market
South Korea’s money supply grew at a quicker pace in June than it has in a decade, as foreign investors, who shunned risky assets just following...
Aug 13, 2020 (Gmt+09:00)
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Private equity
Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits
Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...
Aug 11, 2020 (Gmt+09:00)
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Real Estate
Foreigners’ Jan-May Korea apartment purchases top $1 bn on buying spree
Foreign investors have stepped up apartment purchases in South Korea in recent years, adding fuel to the already heated residential property market wh...
Aug 04, 2020 (Gmt+09:00)
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Markets
South Korea’s inflation rate turns higher for first time in 3 months in July
South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...
Aug 04, 2020 (Gmt+09:00)
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Markets
Bank of Korea keeps policy rate unchanged; no signal of further action
The Bank of Korea (BOK) left the benchmark rate unchanged at a record low of 0.5% as expected on July 16, citing the slowing economy and the overheate...
Jul 16, 2020 (Gmt+09:00)
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Debt
Foreign investors’ holding of South Korean bonds at record high of $115 bn
Foreign investors continued to buy South Korean bonds such as treasuries and monetary stabilization bonds for a fourth consecutive month in April, wit...
May 12, 2020 (Gmt+09:00)
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Korean rating agency warns of fast alternative asset growth, resale risk
The pace of growth in overseas alternative investments by South Korean securities companies has been “too rapid” over the past 18 months and brought t...
Sep 28, 2019 (Gmt+09:00)
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Meritz Securities drops $500 mn Walmart store acquisition plan after US rate hike
South Korea’s Meritz Securities Co. Ltd. has abandoned plans to acquire about 40 stores of Walmart Stores Inc. in southern states of the U.S. for $500...
Jan 04, 2017 (Gmt+09:00)
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[Interview] NPS eyes equity stakes in foreign infrastructure firms: CIO
South Korea’s National Pension Service (NPS) will chase equity stakes in foreign companies running power, harbor and road projects, as it is seeking t...
Oct 24, 2016 (Gmt+09:00)
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[Interview] Korea police fund eyes EM debt; keen on networks with foreign funds: CIO
South Korea’s Police Mutual Aid Association (PMAA), a $2 billion savings fund, is interested in sovereign debt of emerging economies, and will put eff...
Oct 17, 2016 (Gmt+09:00)
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US rate hike talk alters Korean fund’s US property investment strategy
The Public Officials Benefit Association (POBA) has decided to withdraw $70 million from a U.S. real estate fund that makes bets on property price ris...
Sep 12, 2016 (Gmt+09:00)
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NPS’ 2015 return beats key foreign pension funds; to take passive equities strategy
The National Pension Service’s (NPS) investment return dipped to 4.57% in 2015, but its performance outstripped those of other top five pension funds ...
Jul 04, 2016 (Gmt+09:00)
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Major Korean savings funds cut interest rates on contributions to 3% level from 4%
The Police Mutual Aid Association (PMAA) has become the latest savings fund in South Korea in shaving the interest rate applied to long-term contribut...
Jun 23, 2016 (Gmt+09:00)
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[Korean Money Going Abroad] Korea insurers up overseas investments, eyeing foreign asset managers
South Korean insurance companies have been raising investments in overseas investments by more than 50% since the start of this year and also consider...
Jun 22, 2016 (Gmt+09:00)
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Central bank
DO NOT PUBLISH, BUT EDIT- BOK defies big step rate hike view on recession fears
South Korea’s central bank on Wednesday defied expectations of a big step rate hike by raising the interest rate by 25 basis points (bps) desp...
1 MINUTES AGO
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Economy
BOK’s rate policy back to square one on GDP, Fed stance
TBILISI, US – The Bank of Korea (BOK) will likely be back to square on monetary policy as stronger-than-expected economic growth in the first qu...
1 MINUTES AGO
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SK Hynix raises $1.5 bn in foreign bonds amid high demand
SK Hynix Inc., the world’s second-largest memory chipmaker, has raised $1.5 billion in foreign currency bonds, with the debt offering four tim...
1 MINUTES AGO
Latest News
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- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore