luxury goods market Korea
Scope
Date
~
-
Retail
Korea puts brakes on Chanel, Hermes, Nike resale bans
The Korea Fair Trade Commission (KFTC) has put the brakes on what it calls unfair business practices whereby Chanel, Hermes and Nike ban customers f...
Nov 30, 2023 (Gmt+09:00)
-
Economy
S.Korea’s factory output, consumption dwindle in October
South Korea’s factory activity waned last month, snapping a recovery streak in the previous two months, largely due to a drop in chip producti...
Nov 30, 2023 (Gmt+09:00)
-
Entertainment
CJ ENM, SK Square to merge OTTs to take on Netflix
CJ ENM Co., South Korea’s entertainment powerhouse, and SK Square Co., an investment unit of the country’s No. 2 conglomerate SK Group, ...
Nov 29, 2023 (Gmt+09:00)
-
Energy
KHNP eyes Canada's nuclear energy project with ARC, NB Power
Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...
Nov 29, 2023 (Gmt+09:00)
-
Travel & Leisure
Foreign visitors to S.Korea on course to top 10 mn milestone
The number of foreign visitors to South Korea spiked 158.3% to 1.23 million in October from the month previous, the Korea Tourism Organization said ...
Nov 29, 2023 (Gmt+09:00)
-
Batteries
POSCO completes construction of Korea’s 1st lithium hydroxide plant
POSCO Holdings Inc., the investment and holding company of South Korea’s steel giant POSCO, said on Wednesday it has completed the constructio...
Nov 29, 2023 (Gmt+09:00)
-
Sovereign wealth funds
KIC recoups 40% of 2022’s loss on stock, bond gains
Korea Investment Corp. (KIC) posted a 7.12% return on total asset investments in the first eight months of this year, recouping about 40% of last ye...
Nov 29, 2023 (Gmt+09:00)
-
Business & Politics
Korea, Chile launch 8th round of FTA upgrade negotiations
The eighth round of negotiations for modernizing the Korea-Chile Free Trade Agreement (FTA) will take place in Seoul from November 29 to December 1....
Nov 29, 2023 (Gmt+09:00)
-
Real estate
Seoul office leasing turns lender’s market as vacancy rates at 2023 low
Office vacancy rates in South Korea’s capital city of Seoul fell to their lowest level this year last month as people returned to work follo...
Nov 28, 2023 (Gmt+09:00)
-
Corporate bonds
More Koreans seek high-yield bond funds, betting the Fed will end hikes
South Korean investors are growing more interested in global high-yield bond funds, betting that the US Federal Reserve is likely to end its interes...
Nov 28, 2023 (Gmt+09:00)
-
Bio & Pharma
JW Holdings starts to export Winuf to Mongolia
South Korea's JW Holdings corporation announced on Tuesday that it started to export the multi-nutritional liquid Winuf Central 736·1085ml to...
Nov 28, 2023 (Gmt+09:00)
-
Mergers & Acquisitions
Eastspring Asset in Korea up for grabs at about $77 mn
Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion wo...
Nov 28, 2023 (Gmt+09:00)
-
Beauty & Cosmetics
LG H&H to boost marketing of makeup brands in Japan
South Korea's LG H&H Co. announced on Tuesday that it will boost marketing of its premium makeup brands "Glint by VDIVOV" (Glint) and "freshian"...
Nov 28, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Samsung’s Harman ups ante in home audio market with Roon
Harman International has taken over Roon Labs, the multi-device and multi-room audio technology company popular among audiophiles for its streaming ...
Nov 28, 2023 (Gmt+09:00)
-
Korean stock market
EcoPro Materials' Kospi debut draws investors for short-term gains
Shares in EcoPro Materials Co., South Korean battery materials maker EcoPro Group’s unit that went public on Nov. 17, are skyrocketing as reta...
Nov 27, 2023 (Gmt+09:00)
-
Economy
Korea to raise unskilled foreign worker visa quota to record high
South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...
Nov 27, 2023 (Gmt+09:00)
-
Automobiles
Car sales may sputter in 2024 amid EV policy risk: Research
The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...
Nov 27, 2023 (Gmt+09:00)
-
Metaverse
SK Telecom to expand metaverse market in SE Asia
South Korea's SK Telecom Co. announced on Monday that it partnered with three IT companies in Southeast Asia to accelerate its metaverse market st...
Nov 27, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Delivery Hero-backed Baemin to exit Vietnam on low returns
Baemin, the top food delivery platform in South Korea, will exit Vietnam on Dec. 8 after four years of operations there amid fierce market competiti...
Nov 27, 2023 (Gmt+09:00)
-
Electronics
Apple to open sixth store in S.Korea
Apple Inc. said on Monday that it will open its sixth store in South Korea on Dec. 9. The new store will be located in the Starfield Hanam shop...
Nov 27, 2023 (Gmt+09:00)
-
Bio & Pharma
Korea to invest $200 mn in new drugs, vaccines by 2028
South Korea’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...
Nov 24, 2023 (Gmt+09:00)
-
Korean stock market
Korean ELS investors biting nails over sharp falls in Hong Kong shares
Chinese shares listed on the Hong Kong bourse have fallen sharply so far this year, placing the city’s main stock index, the HSCEI, among the ...
Nov 24, 2023 (Gmt+09:00)
-
Travel & Leisure
Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower
Lotte Group is considering sprucing up the Lotte World Tower in Seoul, the tallest building in South Korea, to maintain its position as a landmark s...
Nov 24, 2023 (Gmt+09:00)
-
Construction
Daewoo E&C seeks energy infrastructure biz in Yemen
South Korea's Daewoo Engineering & Construction Co. announced on Friday that it signed a memorandum of understanding (MOU) with the Yemeni Minis...
Nov 24, 2023 (Gmt+09:00)
-
Mergers & Acquisitions
Korea's KDB likely to tap top bidder for HMM in November
Competition to acquire HMM Co., the top container line in South Korea, is intensifying as the bidders are offering almost the same prices for the de...
Nov 24, 2023 (Gmt+09:00)
-
Business & Politics
S.Korea to pour $26 bn in UK’s renewables, infrastructure
South Korea’s sovereign wealth fund, banks and other private sector companies plan to pour £21 billion ($26.3 billion) in renewables, in...
Nov 23, 2023 (Gmt+09:00)
-
Carbon neutrality
Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral
South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...
Nov 23, 2023 (Gmt+09:00)
-
IPOs
CJ Logistics’ Indian operation Darcl taps IPO with SEBI
CJ Darcl Logistics, CJ Logistics Corp.'s Indian operation, is seeking to go public in the South Asian country to expand its footprint in the world&r...
Nov 23, 2023 (Gmt+09:00)
-
Infrastructure
Compelling investment opportunity in US data center market: Principal
Current tenant demand for data centers has never been stronger and is growing at an unprecedented rate. Investors have started to take notice and ma...
Nov 23, 2023 (Gmt+09:00)
-
Infrastructure
S.Korea to develop Batam airport as Indonesia's air hub
BATAM – State-run Incheon International Airport Corp. (IIAC) is accelerating the growth of Hang Nadim International Airport in Batam, Indonesi...
Nov 23, 2023 (Gmt+09:00)