EconomyLoop
where regional business news becomes global to everyone

Korea Eximbank issues $1.1 billion in Samurai bonds

South Korea??s state-run Export-Import Bank of Korea (Korea Eximbank) said on Thursday that it raised 120 billion yen ($1.1 ... read more

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Korea??s exports dn 4.8% on yr in the first 20 days of June

South Korean exports whose growth entirely hinging on semiconductors lost stream due to underperformance of other mainstay ... read more

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Samsung QLED vs LG OLED showdown at British TV shootout

Samsung Electronics Co.??s QLED TV and LG Electronics Inc.??s OLED TV face showdown over the title of this year??s best TV at ... read more

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LS Cable wins largest-ever $40 mn high voltage cable project in India

South Korea??s leading cable manufacturer LS Cable &System Ltd. said Thursday its Indian unit LSCI signed a $40 million deal to ... read more

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BTS-backer SV Investment to go public on Kosdaq in July

South Korean venture capital firm SV Investment Corp., which gained recognition as an early investor of the music label that ... read more

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JW Holdings sells headquarters building in Seoul to net profit of $36 mn

JW Holdings Corp., the holding company of South Korea??s JW Pharmaceutical Corp., sold off an office building in Seocho-gu, ... read more

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GS Caltex and SK Energy team up in parcel pickup in gas stations

South Korea??s major oil refiners GS Caltex Corp. and SK Energy Co. have joined hands to launch a parcel delivery service dubbed ... read more

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Hanwha Chemical to dump entire stake in Woongjin Energy

Hanwha Chemical Corp. is cashing in its entire holding of 2 million shares in Woongjin Energy Co. to depart from the ... read more

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S-Oil Q2 profit could more than triple from a year ago: analysts

South Korea-based S-Oil Corp., wholly owned by Saudi Aramco, is estimated to have raked in sizable income in the second quarter ... read more

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Bithumb becomes the second victim to crypto theft in Korea this month

In another blow to the crypto community, Bithumb, one of the largest virtual coin exchanges in Korea, confirmed on Wednesday ... read more

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Moody??s revises up Samsung Elec??s rating to Aa3 from A1, outlook stable

Moody??s Investor Service on Wednesday upgraded Samsung Electronics Co.??s senior unsecured debt rating by one notch to Aa3 from ... read more

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Kolon??s gene therapy Invossa sets milestone with first overseas supply deals

Korea??s Kolon Life Science said on Wednesday its gene therapy Invossa-K will be exported to Hong Kong, Macau and Mongolia, ... read more

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OECD advises gradual monetary tightening for Korea, moderation in minimum wage policy

The Organization for Economic Cooperation and Development (OECD) advised South Korean authorities to gradually shift away from ... read more

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??Market Data

??Market Data as of close June 20, 2018 (Source: MiraeAsset Daewoo Research , 21/06/2018)[?? Maeil Business Newspaper & ... read more

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??Data (Source: BOK)

??Producer Price Index during May 20181. The Producer Price Index increased by 0.2% month-on-month in May 2018?? in ... read more

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Latest regulatory filings (20/06/2018)

??COWAY(Stock Market)-Organization of Investor Relations Event??CJ E&M(KOSDAQ Market)-Organization of Investor Relations ... read more

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S. Korea??s BrainContents buys cosmetics firm Swanicoco at $21 million

South Korea??s information service provider BrainContents Inc. has acquired the country??s small natural bio cosmetics brand ... read more

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Hanwha Investment backs $173mn in ContourGlobal??s Spanish solar farm deal

South Korea??s Hanwha Investment & Securities Co. said Wednesday that it packaged 150 million euros ($173.6 million) financing ... read more

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Samsung kicks off marketing campaign to give traction to Galaxy S9 sale

Samsung Electronics, top smartphone maker struggling against stagnated market and technology, has turned to inventive marketing ... read more

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Kumho Petrochemical to ramp up NB latex production

South Korea??s Kumho Petrochemical Co. said Wednesday that it has started adding acrylonitrile-butadiene latex (NB latex) lines ... read more

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Hyundai Motor teams up with Audi in hydrogen-fueled mobility

South Korea??s Hyundai Motor Group has teamed up with its German rival Audi AG for partnership in fuel cell vehicle ... read more

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First patient enrolled to Sillajen??s Pexa-Vec combo study to treat kidney cancer

Korea??s biotech Sillajen said on Wednesday it enrolled the first patient at the University of Miami, Florida for a phase 1b ... read more

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Korean fishery cooperatives opens export support base in New Jersey

South Korea??s National Federation of Fisheries Cooperatives has opened its second export support center in the United States in ... read more

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Kooksoondang brings Korea Napa Valley Raymond wines

South Korea??s liquor brand Kooksoondang Brewery Co. said on Wednesday that it will import and distribute wines from Raymond ... read more

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Military Mutual Aid Association to invest $90mn in ADT Caps buyout deal

South Korea??s Military Mutual Aid Association, one of the country??s major institutional investors, is backing the consortium ... read more

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CJ Freshway to broaden food supply chain with Vietnam??s Golden Gate

CJ Freshway Corp., South Korea??s largest food distribution and catering company, will stretch its partnership with Vietnam??s ... read more

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SKC embarks on transparent PI film business

SKC Co., a mid-sized chemical company of South Korea??s SK Group, has embarked on the process to build a manufacturing and ... read more

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Air Philip launches regular flight from June 30 as 8th Korean LCC

Air Philip sets off later this month as the eighth member in the crowded low-cost-carrier market in Korea with focus to connect ... read more

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Fresh five-year $350 mn from Baa1 SK Innovation offering in the pipeline

South Korea??s largest oil refiner SK Innovation Co. is readying dollar bond sales to refinance $350 million in 2013-issued ... read more

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BOK hints of ??moderation?? in loose policy on signs of equity, fx volatility

The Bank of Korea does not expect a large-scale capital flight from Korea to the extent of rocking the equity and foreign ... read more

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Posco Chemtech to ramp up anode capacity

Posco Chemtech Co., a refractory and secondary battery anode making subsidiary under South Korea??s steel giant Posco, plans to ... read more

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LS Mtron named top-rated tractor maker in North America for fourth straight year

LS Mtron, the industrial machinery affiliate of South Korea??s LS Group that is aiming to bump up its global sales, was once ... read more

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??Market Data

??Market Data as of close June 19, 2018 (Source: MiraeAsset Daewoo Research , 20/06/2018)[?? Maeil Business Newspaper & ... read more

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Lotte Data Communication, T??way Air to go public next month

Lotte Data Communication Co., an information technology unit of South Korean conglomerate Lotte Group, and the country??s third ... read more

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Latest regulatory filings (20/06/2018)

??CJ E&M(KOSDAQ Market)-Other Management Information(Voluntary Disclosure)-Decision on Increase in Short-term Borrowing??CJ O ... read more

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Rolls-Royce launches used car program in S. Korea

Rolls-Royce Motor Cars Ltd., a British luxury automobile brand under German motor group BMW, has launched its own used car ... read more

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Hyundai Rotem develops train running gear for sharp-curved track

South Korea??s Hyundai Rotem Co., the locomotive and rolling stock unit of Hyundai Motor Group, said Tuesday it has succeeded in ... read more

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Korean currency weakens on fears over U.S-China trade war

The spook of taper tantrums in emerging markets from accelerated monetary tightening in the United States coupled with the ... read more

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Yuhan and Green Cross join forces to develop rare disease drugs

Yuhan Corp. and Green Cross Corp., South Korea??s top two pharmaceutical companies by sales, have joined hands to develop ... read more

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LG Chem to reveal new large-scale residential ESS model

South Korea??s leading battery maker LG Chem Ltd. will release a new energy storage system (ESS) to target the European ... read more

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SKT and KT tie at 100 MHz in 5G frequency race

South Korea??s wireless carriers SK Telecom and KT Corp. have tied at 100 megahertz (MHz) in a fierce two-day auction for 5G 3.5 ... read more

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Korean banks target young consumers with mobile banking in Vietnam

South Korean banks are actively incorporating mobile banking services to reach out to larger number of customers in Vietnam with ... read more

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Philip Morris defends IQOS safety vs regular cigarettes

Philip Morris Korea Inc., which could face punitive action if found guilty of false or exaggerated advertising, strongly refuted ... read more

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E-Mart to introduce Korean SMEs?? products in Singapore

South Korea??s E-Mart Inc., major big-box store chain under the country??s retail conglomerate Shinsegae Group, will start ... read more

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Schneider Electric??s EOCR output hits 16 mn units in Korea

Schneider Electric, a French specialist in energy management and automation, said on Monday its cumulative output of smart ... read more

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Autech to release electric dryers to broaden product portfolio

South Korea??s mid-sized conglomerate Autech Group has entered the clothes dryer market which is rapidly growing in the country ... read more

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SK Planet to spin off e-commerce site 11st.com

South Korea??s SK Group plans to separate e-commerce platform 11st.com from SK Planet Co. and then recapitalize the company to ... read more

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Hanwha Q Cells to showcase latest solar solutions at Intersolar Europe 2018

South Korea??s solar cell and module maker Hanwha Q Cells Corp. will participate in Intersolar Europe 2018, Europe??s largest ... read more

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Hyundai, Kia establishes regional headquarters in hopes to aid global sales

South Korea??s largest automaker Hyundai Motor and its smaller sibling Kia Motors set up regional head offices each in North ... read more

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??Market Data

??Market Data as of close June 18, 2018 (Source: MiraeAsset Daewoo Research , 19/06/2018)[?? Maeil Business Newspaper & ... read more

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