S.Korea's personal mobilities firm GCoo enters Africa
South Korean personal mobility (PM) company Gbike, the operator of PM sharing service platform Gcoo, said on Wednesday it started the electric kick ...
Hyundai's new CEO Munoz vows to proactively respond to Trump policy
LOS ANGELES – José Muñoz, the incoming chief executive of South Korea's top automaker Hyundai Motor Co., said on Thursday the co...
Hyundai Motor taps US unit chief Jose Munoz as new CEO
Hyundai Motor Co. on Friday named Jose Munoz, its global chief operating officer (COO) and head of North and South American operations, as its new a...
S.Korea set to scrap financial investment income tax
South Korea is set to scrap a plan to impose a tax on gains from financial investments – a scheme slated to be introduced early next year &nda...
NPS logs 9.71% return in H1 led by US tech stocks
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 9.71% investment return for the first half of ...
LG Electronics posts record Q2 profit, to accelerate transition into AI leader
LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating profit and sales for the April-Jun...
Young Korean investors choose monthly dividend ETFs over crypto
For decades, investments in financial products that promise decent dividend payouts such as high-dividend stocks have been associated with elderly i...
Korea’s Lotte Card sees 1st profit in Vietnam since launch
Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...
Korean investors turn to private credit, secondaries: CIOs
South Korean institutional investors favor private credit as interest rates are expected to remain higher for longer, said speakers at the chief inv...
Korea Inc. ups dividend payouts despite falling net income
South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...
KIC posts 11.6% return for 2023 amid tech stock boom
Sovereign wealth fund Korea Investment Corporation (KIC) posted an 11.6% return for last year, driven by strong gains on listed stocks. The state-ru...
Korean LPs stick to private debt amid market uncertainties
South Korean limited partners will tap private debt as their most preferred asset class in 2024 to secure stable income amid geopolitical conflicts an...
Hana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...
Toss Bank launches commission-free foreign exchange services
South Korea’s fintech platform Toss Bank said on Thursday it has launched commission-free foreign exchange services for the first time as a do...
Korean wind power companies foresee tailwind from Taiwan, US
South Korean wind power companies such as SK oceanplant Co., HD Hyundai Electric Co. and CS Wind Corp. are expected to get a tailwind from Taiwan&rs...
Lunit to supply AI image analysis solutions to Samsung Electronics
South Korean medical AI company Lunit has secured a significant partnership with tech giant Samsung Electronics Co., signing a three-year, $1.86 mil...
Kakao Mobility's talks to acquire FreeNow in deadlock
Kakao Mobility Corp.’s ambition to go global has hit a roadbock after its parent group Kakao Corp. rejected its draft bid to buy Germany-based...
Semiconductor export recovery powers S.Koreans’ income in Q3
A recovery in semiconductor exports led an increase in South Koreans’ income in the third quarter, although the earnings growth momentum may n...
Flexibility unlocks opportunities: M&G Investments
As central banks fight with post-COVID inflation, the repricing of global interest rates continues to add to global market volatility across both bo...
Hyundai Wia to defend against illegal drones
South Korea's second-largest automotive parts supplier Hyundai Wia Corp. plans to develop an anti-drone system (ADS) technology tailored to the uniq...
Samsung hires Waymo’s autonomous driving design head
YoonJung Ahn, a design head at Waymo, Alphabet’s autonomous driving technology unit, is joining Samsung Electronics Co. as executive vice pres...
Goldman Sachs promotes YK Yoon in Seoul to MD
The Goldman Sachs Group Inc. named YK Yoon, head of fixed-income, currency and commodities (FICC) of the Seoul office, as a new managing director (M...
Prepare for long-term, illiquid asset management: Korean investors
South Korean institutional investors said they are preparing for prolonged high interest rates and market uncertainty, building mid- to long-term pl...
Average fixed transaction DRAM price in Sept bottoms out at $1.30
The average fixed transaction price of DRAMs last month stayed at $1.30, maintaining its sluggishness in the $1 range for the ninth consecutive mont...
India, LG’s land of promise with young, rich population
NOIDA, India -- LG Electronics Inc., the leading global home appliance maker, plans to build a new electronics plant in India to cement its dominant...
Citibank Korea’s H1 net profit more than doubles on-year
Global banking giants’ South Korean units saw their first-half earnings led by non-interest income and business expenditures. Citibank Korea&r...
KB Financial logs record profit in Q2, above consensus estimates
South Korea’s second-largest financial institution KB Financial Group Inc. achieved record-high quarterly net profit in the April-June period ...
S.Korea proposes extended tax breaks for reshoring companies
The South Korean government and the ruling party proposed longer-term tax cuts for companies that bring production back home to reinvigorate the cou...
Optimizing flexibility for fixed-income in new era: M&G
Fixed-income continues to offer an attractive entry point for investors with higher yields, declining inflation and the end of the interest rate hik...
India rises as LG's cash cow under revised S.Korean tax laws
South Korea’s LG Electronics Inc. has received nearly 600 billion won ($470 million) in dividends from its overseas operations in the first qu...
