rate cuts
Scope
Date
~
-
IPOs
SK Shieldus drops IPO on lukewarm demand from investors
South Korean leading security services provider SK Shieldus Co. has scrapped its plan to go public this month. Its bookbuilding gained tepid investo...
May 06, 2022 (Gmt+09:00)
-
Electronics
LG Display to drastically cut LCD output as Chinese rivals churn it out
LG Display Co., a major South Korean display panel maker, plans to drastically cut production of its liquid crystal display panels for TVs, as it fa...
May 02, 2022 (Gmt+09:00)
-
Steel
Korea steelmakers see risks from carbon, supply issues
The South Korean steel industry’s top executives are anticipating a perfect storm amid the global push for carbon neutrality and supply chain ...
Apr 22, 2022 (Gmt+09:00)
language -
Earnings
Naver to cut costs for profitability after disappointing Q1
Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...
Apr 21, 2022 (Gmt+09:00)
-
Beauty & Cosmetics
LG Household acquires The Crème Shop for US expansion
LG Household & Health Care Ltd. has acquired a controlling stake in The Crème Shop Inc. as it seeks to expand its presence in the US beau...
Apr 20, 2022 (Gmt+09:00)
-
Central bank
Korea lawmakers confirm IMF veteran as new BOK chief
South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...
Apr 20, 2022 (Gmt+09:00)
-
Batteries
LG Energy-led group to set up $9 bn Indonesia battery value chain
A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...
Apr 18, 2022 (Gmt+09:00)
language -
COVID-19
Korea firms’ Shanghai plants to remain disrupted long on lockdown
South Korean companies’ production in Shanghai is expected to remain disrupted long on the lockdown to curb the spread of COVID-19, raising co...
Apr 15, 2022 (Gmt+09:00)
language -
Central bank
BOK unexpectedly hikes interest rate as inflation accelerates
South Korea’s central bank on Thursday raised its policy interest rate in a surprise move as accelerating inflation is feared to bite into gro...
Apr 14, 2022 (Gmt+09:00)
-
Tech, Media & Telecom
Naver, Kakao shares to fall further on sluggish outlook
Shares of Naver Corp. and Kakao Corp. are expected to decline further after South Korea’s top two platform giants already lost 20 trillion won...
Apr 12, 2022 (Gmt+09:00)
-
Entertainment
HYBE to develop game biz further to cut reliance on BTS
South Korea’s HYBE Co. plans to accelerate the development of its game business by separating the unit as the entertainment giant aims to cut ...
Apr 12, 2022 (Gmt+09:00)
language -
Real estate
Grade-A offices in Seoul hit lowest vacancy rate in Q1 2022
Grade-A offices saw their lowest-ever quarterly vacancy rate in the first quarter of 2022 since 2010, when Canada-based real estate investment manag...
Apr 11, 2022 (Gmt+09:00)
-
Bio & Pharma
Hanmi stands out with own drugs as Korean rivals sell imports
South Korea’s Hanmi Pharmaceutical Co. generated sales of more than 1 trillion won ($812.3 million) from its own medicines last year on strong...
Apr 11, 2022 (Gmt+09:00)
-
Corporate investment
Korea’s Q1 facility investment cut in half, spooked by macroeconomic risks
South Korea’s major companies are drastically cutting their capital spending as heightened macroeconomic risks coupled with growing external u...
Apr 05, 2022 (Gmt+09:00)
-
Economy
Korea March inflation at 10-year high; bond yields surge
South Korea’s consumer prices in March grew at the fastest pace in more than 10 years on surging energy and commodity prices, while the centra...
Apr 05, 2022 (Gmt+09:00)
-
Korean stock market
Foreigners sell net $4 bn of shares in March, second only to Aug. 2021
Foreign investors in March sold a net 4.84 trillion won ($3.97 billion) worth of shares on South Korea's main bourse Kospi, their highest-ever mon...
Apr 01, 2022 (Gmt+09:00)
-
Central bank
BOK chief nominee to curb household debt through interest rates
South Korea’s central bank chief nominee said on Friday he will use interest rates to tackle household debt in Asia’s fourth-largest eco...
Apr 01, 2022 (Gmt+09:00)
-
Foreign exchange
Korea won at three-year high vs yen on rate differentials
South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...
Mar 28, 2022 (Gmt+09:00)
-
Companies
Bulk of Korean firms to face losses if oil price soars to $150
Seven out of 10 South Korean companies predict they will swing to operating losses if global oil prices soar to $150 a barrel, a survey showed on Su...
Mar 28, 2022 (Gmt+09:00)
-
Shipping & Shipbuilding
Korea shipbuilders aim for strong demand on tougher rules
South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...
Mar 25, 2022 (Gmt+09:00)
language -
Central bank
BOK governor nominee stokes slower rate hike expectations
South Korea’s nominee for its new central bank governor stoked expectations that the Bank of Korea may raise interest rates less than predicte...
Mar 25, 2022 (Gmt+09:00)
language -
Central bank
Korea names IMF official as new central bank head
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...
Mar 23, 2022 (Gmt+09:00)
language -
Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...
Mar 22, 2022 (Gmt+09:00)
-
War in Ukraine
Hyundai’s auto exports to Russia cut by half in February, hit by war
Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...
Mar 14, 2022 (Gmt+09:00)
-
Short selling
LG Energy shares at lowest since IPO on short-selling concerns
Shares of LG Energy Solution Ltd. on Friday fell to their lowest level since the top South Korean battery maker went public in January on market con...
Mar 11, 2022 (Gmt+09:00)
-
Corporate investment
SK units at risk of rating cuts on aggressive investments
South Korea’s SK Group units focusing on investments in new eco-friendly industries are facing risks of credit rating downgrades.Investors hav...
Mar 10, 2022 (Gmt+09:00)
-
Business & Politics
S.Korea's president-elect Yoon vows deregulation, tax cuts
Former prosecutor general Yoon Suk-yeol on Wednesday was elected South Korea's next president, pledging drastic deregulation and investor-friendly m...
Mar 10, 2022 (Gmt+09:00)
-
Foreign exchange
Korean won nears 2-year low, adds to inflation woes
The South Korean won currency tumbled to its lowest point in almost two years on Friday, adding to inflationary pressure in Asia’s fourth-larg...
Mar 04, 2022 (Gmt+09:00)
-
War in Ukraine
Korea corp. borrowing costs to rise further on Russia risks
South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...
Mar 02, 2022 (Gmt+09:00)
-
Automobiles
Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany
Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...
Feb 28, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer