hit-to-kill capability
Scope
Date
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Retail
7-Eleven’s operator Korea Seven hit by rating cut
The credit rating of Korea Seven Co., which runs the South Korean operations of the convenience store chain 7-Eleven, was downgraded to its lowest l...
Jun 27, 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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Food & Beverage
S.Korea urges ramen makers to cut prices to ease inflation
South Korean instant noodle makers are considering price cuts for the first time in 13 years pressured by the government, which aims to further ease...
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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Future mobility
IONIQ 5 set for fully driverless public taxi service
The IONIQ 5 robotaxi, based on Hyundai Motor Co.'s all-electric crossover, will launch its first fully driverless service for public passengers late...
Jun 05, 2023 (Gmt+09:00)
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Korean startups
Korean startups opt for Konex, loans for survival during IPO winter
South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...
Jun 02, 2023 (Gmt+09:00)
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Economy
S.Korea's trade deficit hits 15th straight month
South Korea last month suffered its 15th straight month of trade deficit, its longest streak since the 1997-98 Asian financial crisis, due to the de...
Jun 02, 2023 (Gmt+09:00)
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Venture capital
SK Networks eyes partnership with US-based Bow Capital
SK Networks Co., a South Korean trading company, is seeking to form a partnership with Silicon Valley-based venture capital firm Bow Capital to dive...
May 31, 2023 (Gmt+09:00)
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Bio & Pharma
Medtronic to buy S.Korean insulin patch maker for $738 mn
Medtronic Plc., a Dublin, Ireland-based medical device maker, is set to acquire EOFlow Co., a South Korean wearable insulin patch maker, for $738 mi...
May 26, 2023 (Gmt+09:00)
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Economy
S.Korea's total fertility rate hits 0.81 in Q1
South Korea in the first quarter posted a total fertility rate (TFR) of 0.81, the lowest in history for that quarter. Because the number of bir...
May 25, 2023 (Gmt+09:00)
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Economy
S.Korea’s direct investment abroad hits record high in Q1 2023
South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-high direct investment...
May 24, 2023 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1 secures $75 mn contract for KSIS military ground segment
South Korean aerospace manufacturer and defense company LIG Nex1 Co. announced on Wednesday a $75 million (99.1 billion won) contract with the count...
May 24, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Kakao targets mobile infrastructure biz for Saudi tourism
Kakao Corp., South Korea’s mobile platform giant, targets the mobile infrastructure industry for Saudi Arabian tourism to expand its business ...
May 23, 2023 (Gmt+09:00)
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Banking & Finance
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
May 22, 2023 (Gmt+09:00)
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Chemical Industry
Hyosung Chemical makes emergency investment in crisis-hit Vietnamese subsidiary
Hyosung Chemical announced on Monday that it will invest $120 million in its Vietnamese subsidiary, Hyosung Vina Chemicals Co.Hyosung Vina Chemicals...
May 22, 2023 (Gmt+09:00)
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K-pop
Fifty Fifty sets new record for K-pop girl group with Spotify listeners
K-pop rookie Fifty Fifty has surpassed 34.3 million monthly listeners on Spotify, the world's largest music streaming site, its agency Attrakt said ...
May 22, 2023 (Gmt+09:00)
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Airlines
Korean Air-Asiana merger hits roadblock in US, Europe
The proposed merger between South Korea’s two largest airlines hit a roadblock in the West as a media outlet reported that the US government i...
May 19, 2023 (Gmt+09:00)
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Electronics
Samsung’s Galaxy Book3 controls more than half of Korea’s laptop market
When Samsung Electronics Co. reported the worst quarterly loss for its semiconductor business last month, it found hope and relief in its mobile bus...
May 16, 2023 (Gmt+09:00)
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Korean games
Political crypto scandal hits Korean P2E game deregulation hopes
A South Korean lawmaker’s scandal over ownership of cryptocurrencies, including those issued by domestic game developers, is expected to jeopa...
May 15, 2023 (Gmt+09:00)
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Corporate strategy
POSCO DX to team up with PwC Consulting for smart factory business
POSCO DX Co., formerly POSCO ICT Co., the IT services subsidiary of South Korean steelmaker POSCO Holdings Inc., announced on Monday that it h...
May 15, 2023 (Gmt+09:00)
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Korean games
S.Korea's game companies wage intense war in MMORPG sector
South Korea's massively multiplayer online role-playing games (MMORPG), a mainstream genre in domestic games, is showing signs of an increasingly he...
May 09, 2023 (Gmt+09:00)
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Banking & Finance
Meritz emerges fast to take on South Korea’s big financial companies
Back in the early 2000s, Meritz was an obscure, lesser-known insurance-related company in South Korea’s financial arena.Part of Hanjin Group, ...
May 02, 2023 (Gmt+09:00)
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Automobiles
S.Korea’s car exports hit record high of $15.4 bn in Q1
South Korea's car exports achieved their highest-ever record in the first quarter 2023, increasing by over 40% from a year ago, according to data fr...
Apr 28, 2023 (Gmt+09:00)
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Earnings
LG Elec’s home appliance unit hits record-high profit in Q1
The home appliance division of LG Electronics Inc. posted its largest ever quarterly profit in the January-March period, exceeding the 1 trillion wo...
Apr 27, 2023 (Gmt+09:00)
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Economy
Korea's expected inflation hits 11-month low
South Korea's expected inflation has hit a record low of 3.7% in 11 months in April 2023. While the consumer price index rose by 4.2% last month, wh...
Apr 26, 2023 (Gmt+09:00)
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Automobiles
Hankook Tire to cut workforce at fire-hit Daejeon plant
Hankook Tire & Technology Co., South Korea’s largest tire maker, will cut its workforce at the fire-hit production complex in Daejeon thro...
Apr 21, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong Pharma, UK firm to jointly develop autoimmune disease drug
South Korean drugmaker Daewoong Pharmaceutical Co. said on Tuesday that it has signed a cooperation agreement with Sygnature Discovery, a British ne...
Apr 18, 2023 (Gmt+09:00)
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Korean stock market
POSTECH hits jackpot with stakes in POSCO companies on battery boom
Pohang University of Science and Technology (POSTECH), set up by South Korea’s steel giant POSCO Group in 1986 as a research university in the...
Apr 17, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea sets Nuri space rocket’s third launch on May 24
South Korea will conduct a third attempt to launch its first domestically designed and developed space rocket Nuri on May 24. The Ministry of Scien...
Apr 11, 2023 (Gmt+09:00)
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Aerospace & Defense
HD Hyundai Heavy Industries launches new frigate Chungnam
HD Hyundai Heavy Industries (formerly Hyundai Heavy Industries Co. ) held on Monday a launch ceremony for the new 3,600-ton-class frigate "Chung...
Apr 10, 2023 (Gmt+09:00)