EconomyLoop
where regional business news becomes global to everyone

Hyundai, Kia to invest $300 mn in India??s ride-hailing firm Ola Cabs

South Korea??s biggest automaker Hyundai Motor Co. and its smaller sibling Kia Motors Corp. will invest a combined $300 million ... read more

 Pulse News10 hours ago

     
Korea??s export concentration twice as high other export majors

South Korea??s reliance on a few export items has deepened, with the extent twice the average of major exporters to make the ... read more

 Pulse News11 hours ago
S. Korea??s Hanwha Q Cells signs up as LA Dodgers sponsor

Hanwha Q CELLS, a solar power unit of South Korean conglomerate Hanwha Group, said on Tuesday it has entered a multi-year ... read more

 Pulse News12 hours ago
Seoul to slash LNG import fee, making its taxes cheaper than coal

The South Korean government will sharply ease fees for importing liquefied natural gas (LNG) in addition to the sales tax cut, ... read more

 Pulse News12 hours ago
Samsung Electronics Galaxy S10 5G phone cleared to market in Korea

The 5G version of Samsung Electronics Co.??s 10th-anniversary flagship smartphone series Galaxy S10 is ready to hit the Korean ... read more

 Pulse News13 hours ago
Kyobo Life investors mull arbitration, stalling IPO plans

Kyobo Life Insurance Co.??s plans to go public may be pushed back further as its financial investors are readying to take the ... read more

 Pulse News15 hours ago
S. Korean medical industry sees surge in number of foreign patients

The South Korean medical tourism industry is cheering an influx of foreign patients in recent years, with the number of ... read more

 Pulse News15 hours ago
S. Korean won gains against U.S. dollar ahead of FOMC meeting

The South Korean currency has strengthened against the U.S. dollar, reversing the previous trend ahead of the Federal Open ... read more

 Pulse News17 hours ago
Posco Daewoo formally rebranded as Posco International

Posco Daewoo Corp., the trading arm of South Korean steelmaking conglomerate Posco, is cleared to hang a new corporate title ... read more

 Pulse NewsYesterday
S. Korea??s foreign-currency deposits fall in Feb. on strong U.S. dollar

Foreign-currency deposits held by South Korean banks fell in February as companies chose to pay their trade settlements with ... read more

 Pulse NewsYesterday
LG Elec to join state-led air industry cluster project in Gwangju city

LG Electronics Inc. will take part in a clean air industry cluster to be built by Gwangju city in southwest Korea as it joins ... read more

 Pulse NewsYesterday
Foreign investors net buy Korean stocks, sell off bonds in Feb

Foreigners kept up a net buying position for the third month in February while profit-taking on bonds as they bet against ... read more

 Pulse NewsYesterday
Market outlook for cosmetics, retail buoyed as Chinese visitors return to Korea

The return of Chinese visitors to South Korea has lifted the outlook of Korean retail and cosmetics industries that had borne ... read more

 Pulse NewsYesterday
S. Korea??s top 10 chaebol groups own largest-ever $220 bn in cash last year

Listed companies of South Korea??s top 10 conglomerates sit on a cash hoard of nearly 250 trillion won ($220 billion) as of last ... read more

 Pulse NewsYesterday
Former Uber CEO to launch CloudKitchens in Seoul

CloudKitchens, shared kitchen for delivery-only restaurants run by former Uber CEO Travis Kalanick, will start service in South ... read more

 Pulse NewsYesterday
Elliott may soften dividend stance amid increased backing for Hyundai Motor

U.S. hedge fund Elliott Management Corp. may tone down its dividend payout demands at the next shareholders?? meeting of Hyundai ... read more

 Pulse NewsYesterday
S. Korean entertainment stocks tank on idol stars?? sex scandal

The K-pop star sex scandal has taken a heavy toll on the country??s entertainment business, shaving combined market ... read more

 Pulse NewsYesterday
USTR requests consultations with S. Korea on competition issue

The U.S. trade authority on Friday requested consultations with South Korea under the U.S.-Korea free trade deal to address the ... read more

 Pulse NewsYesterday
Finance ministry claims improvement in the Korean economy

The finance ministry in its monthly evaluation claimed the Korean economy was improving - pointing to amelioration in the ... read more

 Pulse News4 days ago
Korea??s export prices rebound in February, raising hopes for recovery in exports

South Korea??s export prices strengthened in February for the first time in four months on strong oil prices, raising hopes for ... read more

 Pulse News4 days ago
NPS-conscious LG Elec to nearly double dividend payout this year

South Korea??s LG Electronics Inc. sharply upped cash dividends and made changes to its corporate mandates in apparent move to ... read more

 Pulse News4 days ago
Asiana Airlines to issue $132 mn 30-yr bonds at 8.5% coupon

South Korea??s second largest full-service carrier Asiana Airlines Inc. will issue perpetual bonds worth 150 billion won ($132 ... read more

 Pulse News4 days ago
Samsung BioLogics shares nosedive as prosecutors up probe

Shares of Samsung BioLogics Co. have been battered this week after prosecutors reopened investigations into the bio firm as well ... read more

 Pulse News4 days ago
Business leaders of Korea and Japan meet amid concerns for Tokyo tariff actions

Business leaders of South Korea used the B20 Summit Tokyo momentum this week to gather support from their Japanese counterparts ... read more

 Pulse News4 days ago
GM Korea??s Gunsan factory workers to return to work within this year

More than 300 employees of GM Korea Co., the local unit of U.S. automaker General Motors, who have been on an unpaid leave after ... read more

 Pulse News4 days ago
Samsung Electronics plagued by series of patent infringement lawsuits

U.S. imaging solution company Cellect LLC has filed a patent infringement lawsuit against Samsung Electronics Co., becoming the ... read more

 Pulse News4 days ago
Kumho Tire union to rally for smarter aiding from Chinese owner

The union of South Korea??s second largest tire maker Kumho Tire Co. which went under Chinese rival Doublestar Tyre will hold a ... read more

 Pulse News5 days ago
S. Korea??s trade surplus with U.S. narrows 23% in ??18 on surge in fuel imports

South Korea??s trade surplus with the United States thinned for the third straight year in 2018 amid surge in oil and gas ... read more

 Pulse News5 days ago
Homeplus scraps $1.5 bn REIT IPO on weak demand

Korean hypermarket chain Homeplus Co. said Thursday it shelved its plan to list its real estate investment trust as ... read more

 Pulse News5 days ago
Eight imported carmakers recall almost 74,000 cars in Korea for faulty parts

Eight foreign car brands will recall a combined 73,512 vehicles in South Korea due to defective components. The Ministry of ... read more

 Pulse News5 days ago
Korean companies pay out more dividends upon arm-twisting by NPS

The Korean Inc. opened their stingy coffers to increase cash dividends to shareholders after the country??s biggest ... read more

 Pulse News5 days ago
Korean banks resort to hybrid securities to bump up capital

South Korean banks are rushing to issue hybrid bonds to bolster capital to meet the tougher Basel?? capital adequacy ratio. JB ... read more

 Pulse News5 days ago
South Korean refiners?? earnings outlook lifted on tripled margins

South Korean refiners are upbeat about their first-quarter earnings as refining margins, a key yardstick to measuring the oil ... read more

 Pulse News5 days ago
S. Korean funds gain inflows of $8 bn in Feb

South Korean funds drew 9 trillion won ($7.95 billion) in net inflows last month helped by increased demand for local bond and ... read more

 Pulse News5 days ago
Sales of properties in auction at 18-low amid overall real estate slump

Properties sold off in competitive auctions at bankruptcy court hit 18-year low last month to underscore the lethargy in the ... read more

 Pulse News6 days ago
Kyochon founder retires to leave the chicken empire under professional CEO

Kwon Won-kang, founder and chairman of Kyochon F&B Co., South Korea??s No. 1 fried chicken franchise operator, announced he was ... read more

 Pulse News6 days ago
Hyundai Mobis to invest $4.9 mn in China??s DeepGlint for AI alliance

Hyundai Mobis Co., auto parts unit under Korea??s Hyundai Motor Group, will make equity investment of 5.5 billion won ($4.9 ... read more

 Pulse News6 days ago
Korea??s NPS posts 4% return rate in Feb, making up for last year??s losses

South Korea??s National Pension Service (NPS) reported a 4 percent return as of late February thanks to the recent rebound in ... read more

 Pulse News6 days ago
Naver to hand out $132 mn stock option to keep best employees onboard

South Korea??s biggest portal operator Naver Corp. struggling not to lose skilled employees amid brain shortage in domestic IT ... read more

 Pulse News6 days ago
SK E&C-CSCEC consortium wins railway construction deal in UAE

South Korea??s SK Engineering & Construction Co. has won a $420 million order to build a railway in the United Arab Emirate with ... read more

 Pulse News6 days ago
Four out of 10 Korean management firms end ??18 in red, assets at record high

South Korean asset management firms saw their combined assets balloon to a record level last year, but their net profit took a ... read more

 Pulse News6 days ago
Hyundai Rotem electric trains start svc on Turkey Marmaray submarine rail

Electric trains made by Korea??s Hyundai Rotem Co. commenced operation on the Marmaray suburban rail corridor that runs below ... read more

 Pulse News6 days ago
Short-term deposits on sharp rise in Korea amid poor housing and stock markets

Short-term bank saving has been surging in South Korea as the cash-rich have few options to park their money amid volatility in ... read more

 Pulse News6 days ago
NPS starts disclosing vote decisions in upcoming shareholders?? meetings

South Korea??s National Pension Service (NPS), the country??s largest institutional investor who has vowed more proactive role ... read more

 Pulse News6 days ago
S. Korea to lift barriers on LPG cars, carmakers readying to roll out LPG versions

South Korea is close to lifting barriers in motor vehicles fueled by liquefied petroleum gas (LPG) to allow consumer purchase as ... read more

 Pulse News6 days ago
S. Korea adds jobs at fastest rate in 13 mos in Feb, senior hiring highest ever

South Korea added the highest number of jobs in 13 months in February thanks to the record high gain in senior jobs, which was ... read more

 Pulse News6 days ago
Chances of Hyundai Motor winning Elliott in proxy war rises due to backing of ISS

Hyundai Motor. Co. has a greater chance of winning a proxy contest with Elliott Management in next week??s shareholders?? ... read more

 Pulse News7 days ago
KAL and Asiana bolster flights to Japan and US

Korean Air will temporarily deploy B737-900ER to fly five times a week from Incheon to Asahikawa, Japan from June to Oct. 26, ... read more

 Pulse News7 days ago
IMF raises concerns about the pace in minimum wage increases in Korea

A team from the International Monetary Fund (IMF) during regular review of the Korean public policy and economy expressed ... read more

 Pulse News7 days ago
Samsung Elecro to shutter Dongguan base, focus on MLCC in Tianjin

Samsung Electro-Mechanics said on Monday it was closing down its Dongguan site that is mostly inactive to concentrate its ... read more

 Pulse News7 days ago