EconomyLoop
where regional business news becomes global to everyone

Samsung and LG sued by Haier over digital TV licensing fees

South Korean tech giants Samsung Electronics Co. and LG Electronics Inc. along with other multinational appliance names have ... read more

 Pulse News7 minutes ago

     
S. Korea??s childbirths sink to record low in H1

The number of newborn babies in South Korea in the first half of this year plunged to its lowest level for the January to June ... read more

 Pulse News13 minutes ago
Loen becomes cash cow for Kakao thanks to brisk music contents sales

South Korea??s music streaming service firm Loen Entertainment Inc. proved to be a sure bet for its parent company and the ... read more

 Pulse News30 minutes ago
China seizes Lotte Mart equipment amid THAAD row

Chinese authorities have seized machinery equipment from outlets of South Korea??s Lotte Group after forcing the retail giant to ... read more

 Pulse News1 hour ago
SK??s plan hits snag as Toshiba and Western Digital enter talks on memory sale

South Korea??s SK Hynix finds itself as an odd out in the multinational quest for Toshiba??s flash memory business as the ... read more

 Pulse News1 hour ago
Galaxy Note8 unveiled in super-big screen and smart pen

Galaxy Note8, the latest handheld arsenal Samsung Electronics Co. deployed under heavy pressure to impress and convince loyal ... read more

 Pulse News1 hour ago
China??s Doublestar Tyre demands 16% cut in Kumho Tire acquisition price

China??s Doublestar Tyre Co. that signed an agreement with creditors of Kumho Tire Co. earlier this year to buy a majority stake ... read more

 Pulse News5 hours ago
LG Elec invests $25 million to build EV component factory in Michigan, U.S.

South Korea??s LG Electronics Inc is building a production site to supply parts for electric vehicles (EV) in Michigan, home to ... read more

 Pulse News21 hours ago
Korea??s household credit hit record high of $1,227.7 bn in H1

South Korea??s household credit reached a fresh record- high of 1,388.3 trillion won ($1,227.7 billion) as of the end of June ... read more

 Pulse News22 hours ago
S. Korea??s Hyosung bet on hydrogen fueling station could pay off soon

Hyosung Corp., South Korea??s leading chemical and textile company, is expected to benefit from Hyundai Motor??s mass-production ... read more

 Pulse News22 hours ago
Naver founder sells stake to lower holdings to 4.3 percent

Lee Hae-jin, founder and former chairman of South Korea??s internet portal giant Naver Corp., has sold off 0.33 percent of his ... read more

 Pulse News22 hours ago
GM Korea??s new CEO appeases union on concerns about pullout

Kaher Kazem, the appointed new head of GM Korea, headed straight to the factory to meet with the union Tuesday upon arriving in ... read more

 Pulse News22 hours ago
LG Electronics to Invest $25 Mil. to Build New EV Parts Plant in Michigan

LG Electronics said on August 23 that it would establish an electric car parts plant in Hazel Park, outside Detroit, Michigan, by investing about US$25 million. The proposed plant will be built in a 215,000-square-meter site within the first quarter ... read more

 Korea Economic Daily22 hours ago
Samsung Life Turns to the Black in Thailand after 20 Years of Investment

The Thailand unit of Samsung Life, which has continued its presence in the Southeast Asian country even after most Korean financial service firms had withdrawn, turned to the black for the first time in 20 years. Samsung Life said on August 22 that S... read more

 Korea Economic Daily22 hours ago
Asiana Airlines eyes best-ever year due to multiple boons

The bets are on South Korea??s full-service Asiana Airlines Inc. finishing the year at its best.Its performance improved in the ... read more

 Pulse News23 hours ago
Assetplus returns capital to NPS in protest to its shortsightedness

Assetplus Investment Management Co. returned the remaining funds Korea??s National Pension Service (NPS) placed under its ... read more

 Pulse News23 hours ago
Korea, U.S. do not reach agreement to initiate talks for FTA amendments

Seoul and Washington ended their first round of a special session of a joint committee devoted to initiate possible rewriting of ... read more

 Pulse NewsYesterday
Samsung Elec to make all home appliances smart embedded with AI and IoT by 2020

South Korea??s Samsung Electronics Co., a global powerhouse in electronics components and appliances, vowed Tuesday to make all ... read more

 Pulse NewsYesterday
S. Korea??s E-Land Group sheds hotels and resort ahead of IPO

South Korea??s financially-strapped fashion and retail conglomerate E-Land Group has placed part of its hotel and resort ... read more

 Pulse NewsYesterday
SK Planet exiting from overseas online business, Indonesia is first

SK Planet Co., operator of South Korean e-commerce platform 11st.com, has begun streamlining overseas operation starting with ... read more

 Pulse NewsYesterday
One-person households to become a norm in Korea by 2026

Single-living household is expected to become a norm all across South Korea by 2026 instead of current typical family of three ... read more

 Pulse NewsYesterday
Samsung to invest in Cyworld to merge its AI technology

Samsung Group is reportedly mulling to invest about 5 billion won ($4.4 million) in Cyworld, which used to be Korea??s most ... read more

 Pulse NewsYesterday
Orion??s Choco Pie sales in China recovered near to last year??s levels

South Korea??s confectionary giant Orion Corp. said on Tuesday that sales of its signature chocolate-flavored pie snack Choco ... read more

 Pulse NewsYesterday
Extension of currency swap deal between Seoul and Beijing remains uncertain

China remains unresponsive to South Korea??s repeated requests for talks to lengthen their expiring bilateral currency swap ... read more

 Pulse NewsYesterday
S. Korean investors profit on Air France??s early debt repayment

South Korea??s institutional investors Public Officials Benefit Association (POBA) and the Yellow Umbrella Mutual Aid will ... read more

 Pulse News2 days ago
Hyundai and Kia beat Honda to rank second in global green car market

South Korea??s top automaker Hyundai Motor Co. and its sister company Kia Motors Corp. commanded the second largest share in the ... read more

 Pulse News2 days ago
Kia Motors CEO warns of labor market disruption from base salary woes

The management of Kia Motors Corp. asked the government to clarify the legal base salary definition and pleaded to the court and ... read more

 Pulse News2 days ago
Gemi Food given wings to venture overseas under Lotte Mart PB partnership

A humble-sized grain snack maker Gemi Food has been enjoying monthly sales growth of more than 30 percent, adding production ... read more

 Pulse News2 days ago
Investors dump Korean retailers stocks amid poor business outlook

Shares of South Korea??s leading retailers are heading south as sluggish sales from protracted slump in consumption on top of ... read more

 Pulse News2 days ago
Janssen gets FDA approval to start phase I study of Hanmi??s diabetes drug

Multinational pharmaceutical company Janssen Pharmaceuticals Inc. has received a go-ahead from the U.S. Food and Drug ... read more

 Pulse News2 days ago
Hyundai Motor??s U.S. stock of unsold cars hits 2008 levels

In another proof of its alarmingly underwhelming performance in the world??s two largest automobile markets, South Korea??s ... read more

 Pulse News2 days ago
LG International Expands Its Palm Oil Capacity in Indonesia

LG International will expand its palm oil operations in Indonesia for the first time in six years. This is a move for the trading company to focus more on the food resource business. The company recently broke the ground for the palm oil plant. It p... read more

 Korea Economic Daily2 days ago
Home Mortgage Loan Balance Growth Slows Noticeably after Aug. 2 Measure

The volume of home mortgage loans made out by commercial banks is falling at a rapid rate after the government's measure to keep the housing marketing from overheating on August 2. According to figures made public by the nation's top-five banks inclu... read more

 Korea Economic Daily2 days ago
Higher rare earth price weigh on EV, smartphone makers

The prices of rare earth elements that are key materials used in batteries for electric vehicles and electronic devices are ... read more

 Pulse News2 days ago
Samsung Electronics to unveil new cordless vacuum at IFA 2017

Samsung Electronics Co. will showcase new cordless vacuum ??POWERstick PRO?? at the Europe??s largest electronics exhibition IFA ... read more

 Pulse News2 days ago
South Korean listed firms?? balance sheet improves H1 versus year-ago

South Korean companies listed on the main Kospi bourse have become debt-lighter in the first half of this year compared with a ... read more

 Pulse News2 days ago
Ticket Monster with plans to spin off travel business courts funding

South Korea??s e-commerce service provider Ticket Monster is courting private equity investors with a plan to spin off its ... read more

 Pulse News2 days ago
Posco E&C wins $840 mn power plant deal in Bangladesh

South Korea??s Posco Engineering & Construction Co. (Posco E&C) bagged a 950 billion won ($834.2 million) deal to build a ... read more

 Pulse News2 days ago
Coway??s water purifier sales blossom in Asia and ME

Coway Co., South Korea??s leading water and air purifier maker, has made big strides in Asia and the Middle East as more people ... read more

 Pulse News3 days ago
[Market Insight] Hyundai Merchant Marine Seeks 1 Tril. Won Investment from BlackRock

Hyundai Merchant Marine is pushing forward with a plan to attract an investment of up to 1 trillion won from BlackRock, the world's largest asset management firm. According to investment banking industry and shipping industry sources on August 20, th... read more

 Korea Economic Daily3 days ago
S. Korea??s Posco Daewoo to open a hotel in Myanmar

South Korea??s Posco Daewoo Corp. will start full-fledged operation of Hotel Lotte Yangon nestled at Myanmar`s commercial city ... read more

 Pulse News3 days ago
Samsung Bioepis links up with Takeda to make original drugs

South Korea??s Samsung Bioepis Co., still-fledgling bioengineering unit of Samsung Group specializing in biosimilars or cheaper ... read more

 Pulse News3 days ago
LG Chem to reclaim No.1 from Lotte Chemical in 2017 thanks to battery business

South Korea??s two leading petrochemical players LG Chem Ltd. and Lotte Chemical Corp. have been in a horserace over the top ... read more

 Pulse News3 days ago
S. Korea??s exports up 11.6% on yr in first 20 days of August

South Korea??s exports kept up growth pace in August for the ninth month in a row and grew 11.6 percent on year to reach $25.1 ... read more

 Pulse News3 days ago
Hyundai Heavy Industries loses $1.44 bn ship order to China

South Korea??s largest shipbuilder Hyundai Heavy Industries Co. received a surprise setback, losing a $1.44 billion container ... read more

 Pulse News3 days ago
Gov't Won't Seek to Move away from Nuclear Power Too Fast...It Will Take 60 Years to Phase out

President Moon Jae-in said on August 17, "The denuclearization bid by the current government is not so radical. It will take more than 60 years for us to reach that goal." In an interview in celebration of the 100th day since taking power, President... read more

 Korea Economic Daily5 days ago
SK Siltron ends first half strong on global demand and synergy with SK Hynix

South Korea??s leading wafer producer SK Siltron, a former LG unit that came under SK umbrella recently, reported 27.4 billion ... read more

 Pulse News5 days ago
Korea??s smaller securities firms more productive than larger peers

Large securities firms in South Korea took the dominant share of profits in the first half of the year but smaller players ... read more

 Pulse News5 days ago
UAMCO and Hahn & Company to bid for STX Engine

South Korea??s private debt-clearing house United Asset Management Company (UAMCO) and local private equity fund Hahn & Company ... read more

 Pulse News5 days ago
Volvo Korea invests $90 million to expand sales and service network

Sweden-based vehicle manufacturer Volvo Car Group announced it would invest more than 100 billion won ($88 million) to expand ... read more

 Pulse News5 days ago