Seoul Guarantee Insurance to raise $124 million from IPO
Seoul Guarantee Insurance Co. (SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second ...
Korea Zinc shares skyrocket after buybacks in tender offer
Shares in Korea Zinc Inc. soared on Thursday, a day after completing its buybacks, driven by institutional investors covering shorts on the stock an...
Doosan to resume Bobcat, Robotics merger with new ratio
South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...
NPS to veto SK Innovation’s merger with LNG affiliate
South Korea’s National Pension Service (NPS), manager of the world’s third-largest public pension fund, said on Thursday it is set to ve...
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...
SK Innovation to be Asia’s top energy company through merger
SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...
SK On to sell $360 mn in perpetual bonds amid tough EV market
SK On Co., the world’s fifth-largest electric vehicle battery maker, plans to sell 500 billion won ($359.6 million) in its first perpetual bon...
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...
Korea Inc. nearly triples dividend payments in decade
Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a l...
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...
Kospi 200 firms' values sharply below MSCI developed market rivals
South Korea’s listed firms are undervalued compared with companies in public markets of developed and emerging countries, according to the Kor...
S.Korea asks savings banks to raise capital to avoid crisis
South Korea’s top financial regulator advised about 10 local savings banks in trouble to increase their capital by the end of this month to pr...
Korea’s Shinsegae replaces building unit chief amid property downturn
South Korea’s retail giant Shinsegae Group on Tuesday replaced the head of its construction unit amid the sluggish property market, adding to ...
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
South Korea’s corporate tax-to-GDP ratio hits record high
South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...
SK Square pauses talks with Qoo10 over 11Street deal
SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...
KB Financial beats profit forecast on higher interest rates
KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...
S.Korea’s Gopizza to open branch at Singapore Changi airport
South Korean food tech startup Gopizza, known for its single-serving pizza prepared by robots, on Tuesday said it will open a branch on Nov. 1 at Si...
China sets up battery JVs with S.Korea to bypass IRA
Chinese battery materials suppliers are rushing to expand their production bases in South Korea, mainly in partnership with domestic companies.Such ...
NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate...
KT&G claims sweeping victory against activist funds
Activist funds such as Singapore-based Flashlight Capital Partners Pet. (FCP) on Tuesday failed to gain approval on almost all of their proposals ma...
Prestige Bio's Herceptin biosimilar proves equivalence in clinical trials
Prestige Biopharma, a South Korean biopharmaceutical developer, said on Tuesday that the final analysis of phase 3 clinical trial on the anti-cancer...
S.Korean corporate debt ratio hits six-year high in Q3
South Korean corporate debt ratio rose to a six-year high in the third quarter as sales growth and profitability fell, darkening the outlook for Asi...
KOGAS to sell $745 mn in hybrid securities despite jittery
The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...
Weak won leads HSBC's Seoul branch to raise capital
The Seoul branch of the UK-based Hong Kong and Shanghai Banking Corp. (HSBC) has made a capital increase of over 20% to raise its capital adequacy r...
KB's Indonesian subsidiary to launch $551 mn rights issue
Bank KB Bukopin, South Korean bank KB Bank's Indonesian subsidiary, is set to raise capital by issuing 8.44 trillion rupiah ($550.6 million) in new ...
S.Korea forecast to have world's oldest population by 2070
South Korea is expected to become the world’s most elderly country with about half of its population aged 65 or older by 2070, the government ...
Korea to cut spending in 2023, first time in 13 years
South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...
