korean markets
Scope
Date
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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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Retail
Lotte Mall West Lake Hanoi: Litte Korea transplanted in Vietnam
HANOI – On a late summer day in Vo Chi Cong, Tay Ho district, a colossal commercial complex was packed with people wanting to savor all things...
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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Artificial intelligence
Naver’s 'Cue:' throws down the gauntlet to MS Bing Chat
Naver Corp., South Korea’s dominant web portal operator, on Wednesday launched a beta service of its new generative artificial intelligence te...
Sep 21, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, IGIS to collaborate in new biz for digital transformation
South Korea's information and communications technology service provider LG CNS on Wednesday said it will cooperate with the Seoul-based IGIS Asset ...
Sep 21, 2023 (Gmt+09:00)
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Steel
Japanese steelmakers flood South Korea on back of weaker yen
Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....
Sep 20, 2023 (Gmt+09:00)
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Steel
Hyundai Steel to pull out of stainless steel market
Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, pulling out of the market amid a flood of Chinese-m...
Sep 20, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korea's Cosmax wins halal award in Indonesia
Cosmax Inc., a South Korean original development manufacturer (ODM) of global cosmetics that also does research and development in the field, has wo...
Sep 20, 2023 (Gmt+09:00)
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Fintech
Kakao Pay’s tie-up with Alipay spurs growth in China
BEIJING – Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., is rapidly growing in China’s fintech...
Sep 20, 2023 (Gmt+09:00)
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Korean food
Daesang opens Jongga kimchi pop-up store in London
South Korean food maker Daesang Corp. has launched a pop-up store for its kimchi brand called Jongga in London, UK, the company announced on Wednesd...
Sep 20, 2023 (Gmt+09:00)
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Energy
US court rules in favor of Korea's nuclear reactor exports
A US district court on Monday dismissed Westinghouse Electric Corp.’s lawsuit against South Korean state-run companies to block their nuclear ...
Sep 19, 2023 (Gmt+09:00)
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Electronics
Samsung to launch Galaxy S23 FE as early as October
Samsung Electronics Co. is slated to release the Galaxy S23 Fan Edition (FE), a cheaper model than those in the high-end Galaxy S23 series, as early...
Sep 19, 2023 (Gmt+09:00)
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Batteries
LG Energy raises $1 bn in bonds for EV battery production
LG Energy Solution Ltd., the world’s second-largest battery manufacturer, said on Tuesday it has raised $1 billion by selling its first global...
Sep 19, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korean B2B cloud computing firm BusinessOn up for sale
BusinessOn Communication Co., a leading cloud computing firm listed on the junior bourse Kosdaq, is open to a sale of its controlling stake for arou...
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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Business & Politics
Hyundai eyes Saudi EV plant as Korea bets on Middle East boom
Hyundai Motor Co. is set to build an electric vehicle assembly plant in Saudi Arabia as South Korean companies are increasingly tapping growth oppor...
Sep 18, 2023 (Gmt+09:00)
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Electronics
Seoul Semiconductor secures key EV LED patents
Seoul Semiconductor Co., the world’s No. 3 light-emitting diode (LED) maker, has secured key patents for LEDs to be used in electric vehicles ...
Sep 18, 2023 (Gmt+09:00)
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Fintech
Alipay’s Ant becomes No.2 shareholder of S. Korea’s Toss Payments
Ant Group Co., the operator of China’s biggest mobile payment platform Alipay, has become the second-largest stakeholder of Toss Payments, the...
Sep 18, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI's FA-50 participates in NATO Days 2023
Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, announced on Monday that its FA-50GF light fighter expor...
Sep 18, 2023 (Gmt+09:00)
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Retail
NHN Commerce to expand into Chinese market with Xinxuan
NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with China's leadi...
Sep 18, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG’s FAST drive to combat TV set market slowdown
South Korea’s electronics giant LG Electronics Inc. is upending its TV business strategy by betting even bigger on software and content to off...
Sep 18, 2023 (Gmt+09:00)
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Automobiles
Hyundai promotes Busan’s bid for 2030 Expo in New York with art cars
Hyundai Motor Group supports Busan’s bid to host the 2030 World Expo with IONIQ 5, IONIQ 6, and Genesis G80 covered with graffiti reading &l...
Sep 18, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor eyes purpose-built vehicle market entry
Hyundai Motor Co. has launched a task force team to study its foray into the purpose-built vehicle (PBV) market, in which its sister company Kia Cor...
Sep 15, 2023 (Gmt+09:00)
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Korean games
NCSOFT to run Battle Crush’s CBT in October for H1 2024 launch
NCSOFT Corp., a major South Korean game developer and publisher, is inviting game lovers to take part in the closed beta test (CBT) of its new actio...
Sep 15, 2023 (Gmt+09:00)
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Batteries
Young Poong, AJ Networks to form battery recycling chain in Europe
South Korea’s non-ferrous metal company Young Poong Co. has teamed up with AJ Networks to establish a secondary batteries resource circulation...
Sep 15, 2023 (Gmt+09:00)
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Logistics
Coupang to host business briefing on Taiwan market entry
South Korea's e-commerce leader Coupang Inc. announced on Friday that it plans to conduct a business briefing focused on aiding domestic small and m...
Sep 15, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO seeks partnership with CF Industries to produce blue ammonia
South Korea’s POSCO Holdings Inc. is seeking to produce blue ammonia in partnership with CF Industries Holdings Inc., the world’s larges...
Sep 14, 2023 (Gmt+09:00)
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Retail
Lotte Mart at Seoul Station redesigned to lure foreign shoppers
South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...
Sep 14, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korean travel guide featuring BTS published
The Korea Economic Daily (KED) on Tuesday released The Purple Road, a tourist guide of South Korea highlighting places where the seven members of ...
Sep 14, 2023 (Gmt+09:00)
Latest News
- 1 Apparel maker Hansae sets sights on auto parts business as new growth driver
- 2 Hyundai, Kia production may be disrupted by subsidiary labor strike
- 3 UCK Partners advises Korean-style approach for buyout deals
- 4 Hankook Tire supplies tires to BMW
- 5 HD Hyundai to build int'l standards for carbon emissions