GEPS taps former KB Asset chief risk officer as new CIO

South Korea’s Government Employees Pension Service (GEPS) on Wednesday appointed Sohn Young-jin, former head of risk management at KB Asset Ma...

NPS to lift stock holdings to 55% by 2030, raising risk appetite

The National Pension Service (NPS) plans to raise its equity allocation to about 55% of its assets by 2030 from 40.4% as of the end of February, Sou...

S.Korean military fund to make $73 mn commitment to real estate funds

The Military Mutual Aid Association (MMAA), a South Korean retirement fund, is stepping up efforts to diversify its investment portfolio with a 100 ...

S.Korea’s Lunit installs breast cancer AI diagnostic tool at 200 US hospitals

Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now a...

US tariffs add risk premium to dollar assets: Maurice Obstfeld

WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...

Ex-US Congressman Drew Ferguson to head Hyundai's Washington office

Hyundai Motor Group has appointed former Republican Congressman Drew Ferguson as head of its Washington office, a strategic move designed to bolster...

NPS gears up for investment overhaul with boost in risk assets

South Korea’s National Pension Service (NPS), the country’s largest institutional investor, is set to overhaul its investment strategy w...

Korean financial firms face growing risks in overseas property investments

South Korea’s financial institutions are increasingly at risk of their overseas real estate investments turning sour, government data showed o...

South Korea’s pension fund NPS risks massive loss from Homeplus fiasco

South Korea’s National Pension Service (NPS), the nation’s biggest institutional investor, could lose more than 1 trillion won ($692 mil...

Korea’s weak exports add to Trump tariff risk woes

South Korea’s exports in the first two months skidded as sales to the world’s two largest economies China and the US fell, adding to con...

S.Korea’s default risk dips below pre-martial law levels

South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...

South Korean state think tank cuts 2025 growth forecast, flags US tariff risk

South Korea’s state-run think tank has cut its growth forecast for the country this year, citing President Donald Trump’s trad...

Samsung Biologics shares fly high to be Korea’s third most valuable firm

Samsung Biologics Co., the world’s largest contract drugmaker, has become South Korea’s third most valuable stock on the country’s...

Bank of Korea seen cutting interest rates by 25 bps in January

The Bank of Korea (BOK) is widely expected to cut interest rates by 25 basis points on Thursday amid the nation's softening economy and moderating i...

Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s

Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...

Hyundai's Chung urges guarding against pessimism in ‘perfect storm’

Hyundai Motor Group Executive Chairman Chung Euisun on Monday urged executives and employees to guard against pessimism amid a “perfect storm&...

TALOS dives deeper into brain aneurysm icebergs

 A single neurosurgeon dedicates his or her entire professional career to performing surgeries on an average of fewer than 10,000 patients with...

Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Korea’s Lunit in AI-powered lung cancer diagnostics deal with AstraZeneca

Lunit Inc., a South Korean AI-powered cancer diagnostics company, has partnered with global biopharma giant AstraZeneca plc. to jointly enter the AI...

Korean chipmakers, battery makers face new risks with Trump’s comeback

With Donald Trump reelected as the next US president, South Korea’s major chipmakers, automakers and battery makers are on high alert as durin...

Volpara to supply breast cancer SW to US Defense Health Agency

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

Korea’s export growth at 7-month low amid growing external risk

South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, stoking concern...

Hyundai Rotem to unveil unmanned firefighting robot

South Korea's Hyundai Rotem Co. unveiled on Thursday an unmanned firefighting robot designed to tackle fires in hazardous environments without riski...

Samsung teams up with Ashley to expand SmartThings IoT service

SILICON VALLEY – South Korean tech giant Samsung Electronics Co. is partnering with Ashley Home Stores Ltd., the US’ largest furniture s...

Woori Financial launches $75 mn PF restructuring support fund

South Korea's Woori Financial Group has launched a 100 billion won ($74.96 million) project financing (PF) restructuring support fund.This marks the...

Samsung strives to prevent musculoskeletal disorders in the workplace

Samsung Electronics Co., the world’s largest memory chipmaker, is striving to prevent musculoskeletal disorders (MSDs) in its workplace to imp...

Samsung Heavy passes Int'l Risk Management Standard audit

Samsung Heavy Industries, a leading South Korean shipbuilder, announced on Thursday that it has become the first in the Korean shipbuilding industry...

Air Premia adopts GE Aerospace's integrated operation solution

South Korea's low-cost carrier Air Premia Inc. said on Tuesday that it implemented integrated software solutions from the US-based aviation engine a...

BGF Retail, Deeping Source to co-work on smart convenience stores

BGF Retail Co., the operator of South Korea’s leading convenience store chain CU, said on Thursday that it signed a memorandum of understand...

Volpara to supply cancer diagnostics SW to Intermountain Health

Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that its subsidiary Volpara Health, a New Zealand-based AI software deve...