Taeyoung files for debt workout; offers to sell stake in KKR JV

South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...

Israel-Hamas war takes toll on S.Korean pilgrims

The war in Israel and Gaza, which has paralyzed some parts of the Middle East, is also set to put a complete stop to South Koreans’ tours of t...

Fed-triggered taper tantrum takes toll on Korean financial markets

The South Korean financial markets were roiled by a fresh taper tantrum after the US Federal Reserve chair signaled further tightening last week, tr...

Terra debacle: For whom the blockchain bell tolls

In capitalism and the market economy, one’s monetary compensation is measured by his or her degree of contribution to improving the lives of o...

Lotte Hotel Yangon: Pain for POSCO International, Hotel Lotte

South Korea’s POSCO International Corp. and Hotel Lotte Co. have been suffering from sluggish earnings of their five-star hotel in Yangon, Mya...

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

Rechargeable battery shares slump to lowest level in a year

Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...

Samsung, Kyobo Life to buy $129 mn debt of US toll road from IFM Investors

Two of South Korea’s top three life insurers – Samsung and Kyobo – will buy $129 million debt backed by revenues of the Indiana Toll Road Concession C...