Koreans cut spending in March, except on health, education
South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...
Koreans cut spending in March, except on health, education
South Korean consumers exhibited recessionary spending behavior in March, cutting expenditures across nearly all sectors, except healthcare and educ...
South Korea to tighten delisting rules to remove ailing firms
South Korea will sharply raise the threshold for listed companies to remain trading on the domestic stock market to facilitate the delisting of fina...
Korea’s household debt sees ‘balloon effect’ as rules tightened in Seoul
South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metrop...
HD Hyundai may nearly double shipbuilding capacity in Vietnam
HD Hyundai Co., the world’s second-largest shipbuilder, is likely to nearly double its vessel construction capacity in Vietnam to meet surging...
Korean LPs tighten due diligence on general partners
In the wake of COVID-19, South Korean pension funds and insurance companies have placed a greater focus on asset managers' capabilities for post-inv...
Big Tech get slap on wrist for tax avoidance in Korea
Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...
Hanwha’s heir apparent to unearth new drivers, tighten grip
Hanwha Group has appointed the eldest son of Chairman Kim Seung-youn to lead the investment division of the group’s eco-friendly energy unit i...
Kookmin to tighten loan limits to cool housing market
Kookmin Bank, South Korea’s largest lender under KB Financial Group, will tighten lending to curb mortgage loan growth in line with the govern...
Korea tightens rules on Netflix, Spotify subscription billing
South Korea’s antitrust body is slated to tighten the leash on subscription businesses of streaming service providers such as Netflix Inc. and...
Struggling Korean retail stores lick Dubai chocolate, Dippin' Dots
Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...
POSCO tightens belts, seeks M&A within 3 years: new chairman
Chang In-hwa, chairman and chief executive of POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, has vowed to take drastic...
South Korea tightens export controls to Russia, Belarus
South Korea will halt shipments of nearly 700 additional items, including rechargeable batteries, heavy equipment and cars with 2,000 and larger-lit...
LG Chem, CJ CheilJedang to launch eco-friendly bio-nylon joint venture
South Korea’s top chemicals maker LG Chem Ltd. and food and biotechnology firm CJ CheilJedang Corp. have agreed to launch an eco-friendly bio-...
Samsung’s Lee cleared of charges over Samsung C&T merger
The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...
Korean shipbuilders tighten grip on ammonia carrier market
South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...
S.Korea to scrap capital gains taxes on financial products
South Korea will scrap a plan to impose taxes on capital gains from financial products for all shareholders and further lower securities transaction...
Kakao to tighten grip over units, rethink horizontal culture
Kim Beom-soo, founder and chairman of South Korea’s largest mobile platform Kakao Corp., said on Monday it will abandon its autonomous managem...
KIC eyes private debt, infrastructure in era of high interest rates
Sovereign wealth fund Korea Investment Corp. (KIC) is eyeing infrastructure and private debt in the era of higher-for-longer interest rates, while m...
Dollar/won in wildest swing in 13 yrs despite intervention
The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...
Korea’s heavy dependence on China for raw materials deepens
While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...
S.Korea to tighten immigrant investor requirements
South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners...
S.Korean auditors enjoy sharp pay rise under new laws
The average salary of accountants at Big Four accounting firms in South Korea has more than doubled over the past few years, as financial regulators...
Seoul tightens safety oversight for BTS 10th anniversary fireworks
The South Korean government is stepping up safety oversight ahead of the BTS Festa fireworks show. This is in response to last year's massive crowd ...
S.Korean treasury yields top base rate on hawkish BOK
South Korea’s three-year treasury bond yield topped the base rate for the first time in two months, after the Bank of Korea (BOK) warned again...
BOK leaves door open for another quarter-point rate rise
The Bank of Korea’s (BOK) decision on Thursday to keep its base rate steady at 3.50% does not signal the end of its one-and-a-half-year tighte...
Private debt will offer both income and downside protection: ASK 2023
Global investors will find opportunities to increase positions in private debt markets amid high interest rates this year and need to strengthen their...
S.Korea’s 20-somethings tighten belts due to high interest rates: report
The decline in consumption by 20-somethings due to benchmark interest rate hikes is over eight times greater than those in their 60s.Analysts blame ...
BOK chief says tightening not over after rate freeze
South Korea’s central bank chief on Tuesday defied market views that the monetary authority may have ended its tightening campaign, citing gro...
BOK to hold rate on Tuesday as inflation, growth ease
South Korea’s central bank was widely expected to leave its policy interest rate unchanged this week as inflation slows amid fears of a recess...
