korea us stock
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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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K-pop
BTS 10th anniversary stamps available at Korea Post from June 13
South Korea's state-run postal service agency Korea Post announced on Monday that BTS commemorative stamps will be available at post offices from Ju...
Jun 12, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis to enhance biosimilar presence with Epysqli
FRANKFURT – Samsung Bioepis Co., a biopharmaceutical unit of South Korea’s top conglomerate Samsung, is looking to gain ground in the ra...
Jun 12, 2023 (Gmt+09:00)
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Corporate strategy
LG Group to launch global strategy center in July
LG Group will reportedly launch next month a global strategy center to analyze business trends abroad and devise responses.Industry sources on Sunda...
Jun 12, 2023 (Gmt+09:00)
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Korean games
S.Korea's game companies wage all-out offensive to recruit AI talent
The race in South Korea to secure artificial intelligence (AI) know-how in the video game industry, the hottest trend in the field, is intensifying ...
Jun 12, 2023 (Gmt+09:00)
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Batteries
Korea’s cathode supplier L&F aims to make it big with anodes: CEO
DAEGU – L&F Co., a former LCD backlight unit maker, has long been a stranger even to locals in Daegu, a provincial city 165 km away from S...
Jun 11, 2023 (Gmt+09:00)
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Economy
Korea’s current account swings to deficit, four-month figures worsen
South Korea ran a current account deficit in April, swinging from the previous month’s surplus, as Asia’s fourth-largest economy continu...
Jun 09, 2023 (Gmt+09:00)
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Artificial intelligence
OpenAI’s Sam Altman seeks help from Korean startups, chipmakers
Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...
Jun 09, 2023 (Gmt+09:00)
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Business & Politics
Crutches can't slow SK Chair Chey’s zeal for 2030 Expo in Busan
The largest business chambers of South Korea and Japan have agreed to cooperate on Korea’s bid to host World Expo 2030 in Busan and to deepen ...
Jun 09, 2023 (Gmt+09:00)
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Korean stock market
S.Korea not ready for developed market status: MSCI
MSCI Inc. regards the South Korean stock market as not ready for its developed market status despite a series of reforms, dampening the country&rsqu...
Jun 09, 2023 (Gmt+09:00)
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Food & Beverage
S.Korean gov’t to showcase domestic fresh eggs in Hong Kong
South Korean Ministry of Agriculture, Food and Rural Affairs and Korea Agro-Fisheries & Food Trade Corporation (aT) announced on Friday that it ...
Jun 09, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...
Jun 09, 2023 (Gmt+09:00)
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Business & Politics
US emerges key to Korea’s nuclear power plants exports to Saudi Arabia
Saudi Arabia, which is seeking to build two 1.4 gigawatts (GW) nuclear power plants, is demanding that the US allow uranium enrichment, according to...
Jun 09, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea’s Handsome releases brand book with Assouline
South Korean fashion company Handsome Corp., a division of Hyundai Department Store Group, said on Thursday that it has partnered with Assouline, on...
Jun 08, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea's Jeju Dream Tower Casino exceeds $7.6 mn in net monthly sales
Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., broke the 10 billion won ($7.6 m...
Jun 08, 2023 (Gmt+09:00)
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Food & Beverage
Craft brewery startups poised to revolutionize brew scene in South Korea
Craft beers and highballs from emerging breweries and distilleries are poised to disturb the South Korean alcoholic beverage market dominated by gia...
Jun 08, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics, Pfizer sign $411.3 mn agreement for long-term CDMO
Samsung Biologics Co., the world’s No. 1 contract drugmaker, announced a groundbreaking strategic partnership with Pfizer on Thursday, marking...
Jun 08, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea to ease regulations for foreign investor in domestic market
South Korea is set to raise the annual cap for individuals' overseas fund transfers without prior notice from $50,000 to $100,000, thereby easing th...
Jun 08, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Glonet: A case of Korea's logistics David vs Japan’s shipping Goliath
TOKYO – Glonet Co. is a novice logistics company hardly known in Japan’s time-honored shipping industry.The small South Korean shipping ...
Jun 07, 2023 (Gmt+09:00)
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Batteries
Hyundai, SK battery JV may receive up to $700 mn in US grants
Hyundai Motor Co. and SK On Co. could receive up to $700 million in US tax breaks and grants for their electric vehicle battery plant under construc...
Jun 07, 2023 (Gmt+09:00)
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Energy
S.Korea to design proven type reactor of nuclear fusion power
South Korean government has initiated the design phase for a nuclear fusion power proven type reactor, taking a significant step toward harnessing n...
Jun 07, 2023 (Gmt+09:00)
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Private equity
Affinity Equity Partners’ Korea head Sam Lee resigns
Affinity Equity Partners’ Seoul office head Sam Lee has left the global investment firm, sources familiar with the matter told The Korea Econo...
Jun 07, 2023 (Gmt+09:00)
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Energy
LS Cable, Hanwha to build S.Korea’s largest offshore wind farm
South Korea's LS Cable & System announced on Wednesday that it has been selected as the priority negotiator for the supply of submarine cables f...
Jun 07, 2023 (Gmt+09:00)
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Batteries
LG Energy, Novonix join hands for US EV battery material
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, has teamed up with Novonix Ltd., an Australian cell ingredi...
Jun 07, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics to double production by 2032; eyes ADCs, M&As
BOSTON – Samsung Biologics Co., the world’s No. 1 contract drugmaker, plans to more than double its total annual production capacity to ...
Jun 07, 2023 (Gmt+09:00)
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Robotics
Team from KAIST wins Quadruped Robot Challenge of UK
A team from the Korea Advanced Institute of Science and Technology (KAIST) has won the Quadruped Robot Challenge of the UK, easily beating models fr...
Jun 07, 2023 (Gmt+09:00)
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Airlines
Korean Air says it can conclude Asiana takeover via big concessions
The head of Korean Air Lines Co. has expressed confidence over the airliner's proposed acquisition of Asiana Airlines, saying, "We will make it happ...
Jun 07, 2023 (Gmt+09:00)
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Robotics
Doosan Bobcat invests in US-based agtech company
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, has announced on Wednesday a str...
Jun 07, 2023 (Gmt+09:00)
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Electric vehicles
SK set to produce faster EV chargers than Tesla in US
DALLAS, TEXAS - South Korea’s SK Signet Inc. is poised to produce electric vehicle chargers with the fastest charging speed in the US, targeti...
Jun 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis to expand vehicle module facility in S.Korea
South Korea’s Hyundai Mobis Co. will build its third automotive module plant in Ulsan, South Korea, where its parent Hyundai Motor Group opera...
Jun 06, 2023 (Gmt+09:00)