record-high
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Korean startups
Uniqconn raises $7 mn in Series A round
South Korea's system semiconductor startup Uniqconn announced on Tuesday that it attracted 10 billion won ($7.24 million) in Series A roundThe fun...
Jun 18, 2024 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins express train supply deal from Uzbekistan
Hyundai Rotem Co., a South Korean rolling stock and defense equipment maker, has secured a 270 billion won ($196 million) order from Uzbekistan to s...
Jun 14, 2024 (Gmt+09:00)
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Markets
Korean retail investors’ US stockholdings at record high
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...
Jun 10, 2024 (Gmt+09:00)
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Automobiles
Eco-friendly cars reboot Hyundai, Kia’s US sales in May
Hyundai Motor Co. and Kia Corp., car manufacturers of the global No. 3 automaker Hyundai Motor Group, reported a rebound last month on sales in the ...
Jun 04, 2024 (Gmt+09:00)
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Economy
Korea’s exports at 22-month high in May on chips, cars
South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...
Jun 02, 2024 (Gmt+09:00)
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IPOs
Tencent-backed Shift Up seeks June IPO at $2.6 bn value
South Korean gaming firm Shift Up Corp. is eyeing an initial public offering on the main Kospi in June, with an enterprise value of 3.48 trillion wo...
May 28, 2024 (Gmt+09:00)
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Real estate
Korea’s Shinsegae building unit to raise $478 mn to cut debts
South Korean retail giant Shinsegae Group’s building unit, suffering amid difficulties in the local real estate project financing sector, is s...
May 28, 2024 (Gmt+09:00)
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Leadership & Management
Ex-Porsche engineer Harrer to lead Hyundai’s high-performance push
Hyundai Motor Group is upping the ante to lead in the luxury and high-performance car market and speed up electrification by tapping a high-profile ...
May 28, 2024 (Gmt+09:00)
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Travel & Leisure
Lotte Tour launches premium travel brand High&
Lotte Tour Development Co. announced on Tuesday that it launched the brand High& for high-quality premium package travel products.High& is a...
May 28, 2024 (Gmt+09:00)
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Automobiles
South Korea steps on accelerator for record 2024 car exports
ASAN, South Chungcheong Province – At Hyundai Motor Co.'s manufacturing plant in Asan, over 60 km south of Seoul, thousands of robots were bus...
May 28, 2024 (Gmt+09:00)
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Korean food
Seaweed, dubbed ‘Korea’s black semiconductor,’ powers its economy
Dried seaweed, widely used to make kimbap, or seaweed-wrapped rice rolls, is often referred to as the “black semiconductor” in South Kor...
May 24, 2024 (Gmt+09:00)
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Electronics
Samsung Display records 1 mn cumulative shipments of QD-OLED monitors
Samsung Display Co., South Korea’s top display producer, has developed the world's first QD-OLED, a self-emissive technology where light from ...
May 23, 2024 (Gmt+09:00)
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Automobiles
Korea’s Mobase to build US plant as it wins $733 mn Hyundai deal
SUWON, Gyeonggi Province -- Mobase Electronics Co., a South Korean automotive electronics parts maker, is planning to establish a plant in the US as...
May 21, 2024 (Gmt+09:00)
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Sovereign wealth funds
KIC eyes direct lending with high return potential: CEO
Sovereign wealth fund Korea Investment Corporation (KIC) seeks opportunities in direct lending for companies that are not cyclically sensitive and g...
May 21, 2024 (Gmt+09:00)
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Fiber & Textile
Taekwang Industrial begins modacrylic wig yarn exports
South Korea's Taekwang Industrial Co. announced on Monday that it started to export its modacrylic, a high-quality wig material yarn.Modacrylic is a...
May 20, 2024 (Gmt+09:00)
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Korean stock market
Record $259 bn yet to find investment targets in South Korea
South Koreans parked a record 350 trillion won ($259 billion) in cash-equivalents such as money market funds (MMFs) as they failed to find investmen...
May 16, 2024 (Gmt+09:00)
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Economy
Korea’s household debt growth at 5-month high on mortgages
South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property mar...
May 13, 2024 (Gmt+09:00)
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Entertainment
Netmarble sells stake in BTS label HYBE for $161 mn
South Korean game developer Netmarble Corp. is selling a stake in HYBE Co., the label behind global K-pop sensation BTS, for 219.9 billion won ($161...
May 10, 2024 (Gmt+09:00)
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Banking & Finance
Near-zero interest rate deposits swell at Korean banks
Demand and short-term deposits at South Korea’s top five banks have expanded 5% to 657 trillion won ($480 billion) in the first quarter of thi...
May 09, 2024 (Gmt+09:00)
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Banking & Finance
KakaoBank sees record quarterly net profit
South Korea's KakaoBank Corp. enjoyed a record quarterly net profit of 111.2 billion won ($81 million) for the first quarter of this year, the com...
May 09, 2024 (Gmt+09:00)
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Earnings
Korea Investment sees record quarterly net profit
Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...
May 08, 2024 (Gmt+09:00)
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Batteries
Aekyung Chemical develops hard carbon of SIB
South Korea's Aekyung Chemical Co. announced on Wednesday that it developed a high-performance hard carbon material that functions as the main anode...
May 08, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, ABS to set standards for e-propulsion ships
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) and HD Hyundai Heavy Industries Co., partnered with the American Bureau...
May 03, 2024 (Gmt+09:00)
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Travel & Leisure
S.Korea sees record-high foreign visitors after pandemic
South Korea saw a record-high number of foreign tourists post-COVID-19 in the first quarter of 2024. The South Korean Ministry of Culture, Spor...
Apr 30, 2024 (Gmt+09:00)
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Earnings
Kia logs record profit, revenue in Q1 on weak won
Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...
Apr 26, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor ties up with CATL to reinvigorate China market with EVs
BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, has joined hands with Contemporary Amperex Technology Co. (CATL), the leading global...
Apr 25, 2024 (Gmt+09:00)
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Earnings
SK Hynix, latest chipmaker to emerge victorious with record Q1 sales
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...
Apr 25, 2024 (Gmt+09:00)
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Food & Beverage
McDonald’s Korea sees record sales in 2023
Fast food giant McDonald’s Corp. achieved record revenue of 1.29 trillion won ($815.9 million) last year in Korea, according to its regulatory...
Apr 17, 2024 (Gmt+09:00)
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Private equity
Private markets open to more high-net-worth individuals: Hamilton Lane
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1...
Apr 16, 2024 (Gmt+09:00)
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Automobiles
Korean tire makers step up push into bigger, high-margin tires
South Korean tire makers are betting big on premium tires fitted for sports utility vehicles, full-size sedans and electric vehicles, after bigger a...
Apr 12, 2024 (Gmt+09:00)
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