US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement
US President Donald Trump on Monday announced new tariffs of 25% on South Korea, set to take effect on Aug. 1 unless the two countries reach a trade...
US monitors NPS, sovereign funds in expanded currency surveillance
Washington will strengthen its monitoring of portfolio investments by pension and sovereign wealth funds of its trading partners as it broadens its ...
LG, Samsung vie for crown in wheeled TV market
The market for TVs mounted on a rollable stand has emerged as a new battleground between South Korea’s top two TV brands, LG and Samsung, four...
POSCO raises ship steel prices as Korea's tariffs curb supply
POSCO Holdings Inc. has raised second-quarter prices of thick plates used in vessels amid concerns over tighter supply after South Korea levied anti...
SK Hynix’s Q1 profit soars on HBM chips, beats Samsung’s overall earnings
SK Hynix Inc., the world’s second-largest memory chipmaker, reported a dramatic surge in first-quarter profits on Thursday, delivering the sec...
Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower
Colliers Korea, a unit of global real estate asset management group Colliers, has been chosen as the adviser for the sale of Signature Tower in cent...
S.Korea wary of inclusion on US ‘Dirty 15’ nations list for reciprocal tariffs
WASHINGTON, D.C. – The US government plans to unveil country-specific reciprocal tariffs on April 2, with particular attention to nations impo...
S.Korea logs current account surplus in Jan; Growth slows
South Korea reported a current account surplus for 21 straight months in January but with a moderated gain largely due to a contraction in the goods...
South Korea allows foreigners to trade treasuries via omnibus accounts
South Korea will allow foreign investors to trade South Korean treasury bonds via omnibus accounts under the names of global custodians or asset man...
Seoul probes fake online accounts of Hyundai Motor advisor Sung Kim
The Seoul Metropolitan Police Agency has launched an investigation into social media accounts pretending to be Hyundai Motor Group advisor Sung Kim,...
Samsung C&T, Hitachi Energy to team up for HVDC projects
South Korea's Samsung C&T Corp. said Monday it signed a memorandum of understanding (MOU) with Sweden's Hitachi Energy to cooperate for high-vol...
LS Electric shares jump on $358mn HVDC transformer order news
LS Electric Co., a South Korean industrial energy facility and systems supplier, is expected to sign a 500 billion won ($358 million) deal with a GE...
South Korea returns to US FX monitoring watchlist
The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from t...
Mirae Asset India surpasses 2 million retail client accounts
Mirae Asset Securities Co. said on Thursday that the number of retail client accounts in its India operations has crossed the 2 million mark.This ma...
S.Korea’s exports stand firm thanks to record chip sales
South Korea’s exports extended their growth streak for the 12th straight month in September mainly driven by record-high semiconductor shipmen...
Rising overseas trips to raise Korea’s travel account deficit
Demand for overseas travel among South Koreans during the upcoming holiday grew, while the number of inbound tourists from China is expected to shri...
Memory chip demand to stay firm until H1 2025: SK Hynix CEO
The memory chip market is expected to remain upbeat for some time after the industry was resurrected by robust demand for high-performing memory chi...
S.Korea’s current account at near 7-year high on strong chip exports
South Korea reported its biggest monthly current account surplus in six years and nine months thanks to robust exports of semiconductors. But the gr...
S-Oil halts fire-hit paraxylene plant, faces revenue loss
ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...
Doosan Robotics, Bobcat ordered to clarify merger deal
South Korean regulators have ordered Doosan Robotics Inc. to amend the securities prospectus it submitted last week for its merger with Doosan Bobca...
KB Kookmin Bank adds Indonesian to banking platform
South Korea's KB Kookmin Bank said on Monday it launched Indonesian language services on its mobile banking platform KB Starbanking to expand its ...
Samsung Asset publishes brokerage ISA guidebook
South Korea's Samsung Asset Management announced on Thursday that it newly published the KODEX Brokerage ISA Investment Guidebook for individual inv...
GM Korea’s 2024 sales growth likely stunted due to protracted labor strike
GM Korea Co., the South Korean unit of US auto giant General Motors Co., faces growing disruptions to its vehicle production amid a protracted labor...
LG Uplus to unveil quantum proof solution Alphakey
South Korea's LG Uplus Corp. announced on Monday that it will unveil its new integrated account management solution for cloud services Alphakey at Q...
Mirae Asset Indian subsidiary surpasses $21.8 bn in AUM
South Korea's Mirae Asset Global Investments Co. announced on Thursday that the total assets under management (AUM) of its Indian subsidiary have su...
Hana Securities services S.Korean stock investment in Hong Kong
South Korea's Hana Securities announced on Tuesday that it launched a service allowing Hong Kong investors to open its accounts through Hong Kong's ...
S.Korea’s current account swings to deficit on higher dividend payouts
South Korea logged a current account deficit in April, ending a streak of surpluses for the past 11 months, on seasonal factors such as increased di...
Korea’s Kakao Mobility unveils global ride-hailing app to court Uber
Kakao Mobility Corp., South Korea’s top ride-hailing service provider, on Tuesday introduced the release of its global app, taking on global g...
Korean catering firm Ourhome CEO to leave amid sibling feud
South Korea’s catering service provider Ourhome Ltd. Chief Executive and Vice Chairwoman Koo Ji-eun has failed in her attempt to serve another...
Kia EV9 poised to hit 50,000 unit mark in a year on strong exports
Kia Corp., South Korea’s No. 2 automaker, is poised to sell 50,000 units of its flagship all-electric sport utility vehicle EV9 within one yea...
