EconomyLoop
where regional business news becomes global to everyone

Hyundai Motor nears to terminate sale of its Korea-built cars in China

South Korea??s top automaker Hyundai Motor Co. that is rapidly losing ground in China amid the ongoing diplomatic row between ... read more

 Pulse News2 hours ago

     
S. Korea to review overall duty-free license policy: finance minister

The South Korean government will go back to square one in its policy on licensing duty-free business amid growing criticism that ... read more

 Pulse News19 hours ago
S. Korea??s Aug farm produce prices jump 14.2%, biggest in nearly seven years

South Korea??s producer prices accelerated in August on a spike in fresh food prices due to lengthy heat wave and frequent ... read more

 Pulse News20 hours ago
Hyundai Wia debuts smart tools at EMO Hannover tradeshow

Hyundai Wia Corp., an auto parts making unit of South Korea??s auto conglomerate Hyundai Motor Group has unveiled ??X Series,?? ... read more

 Pulse News20 hours ago
S. Korean pharma and biotech firms rush to burgeoning cosmeceutical market

South Korean pharmaceutical companies are jumping into cosmeceutical market as the marriage between cosmetics and ... read more

 Pulse News20 hours ago
Samsung Elec reputation sharply falls after leadership and Galaxy Note7 debacle

A series of disgraceful setbacks - largest-ever technology recall and imprisonment of the de facto head over bribery charges - ... read more

 Pulse News20 hours ago
Audi Volkswagen Korea to sell cars via Kakao??s mobile app

Audi Volkswagen Korea, the Korean sales unit of German carmakers Volkswagen AG and Audi AG that is seeking a comeback to the ... read more

 Pulse News21 hours ago
FTC may require Samsung and Lotte change their legal heads

South Korea??s Fair Trade Commission will consider requiring Samsung Group and Lotte Group to change legal representatives to ... read more

 Pulse News22 hours ago
POSCO Energy and SK Gas at Risk of Losing 1 Tril. Won due to Gov't Insistence on LNG Power

Private-sector power generators are complaining mightily about the government's pressure on them to switch coal-fired power plants they are building into ones based on liquefied natural gas. That's largely because the government is mum about the sunk... read more

 Korea Economic Daily22 hours ago
Oil Refiners See Good Times ahead due to Rising Oil Prices

International oil prices have hit a record high in seven months as they went up over US$50 a barrel. The domestic oil refining sector raised its hopes of improving their profitability in the third quarter after suffering poor results for two consecut... read more

 Korea Economic Daily22 hours ago
Semiconductor and Display Industries Set to Invest 52 Tril. Won by 2024

Chief executives of the nation's leading companies like Samsung Electronics, SK Hynix, and LG Display have made a request to the government to relieve the problem of labor shortage in the area of semiconductor and display. Kwon Oh-hyun, vice chairma... read more

 Korea Economic Daily22 hours ago
Moon Government's Approval Rating Hits Low of 67.1%

The approval rating of the Moon Jae-in government has hit a low of 67.1 percent largely due to North Korea nuclear issues. The rating has fallen for three consecutive weeks. As for the approval rating of the ruling Minjoo Party has declined for four ... read more

 Korea Economic Daily22 hours ago
Halla Cement shortlists 4 bidders for its full stake sale

The auction to buy a full stake in Halla Cement Corp., South Korea??s fourth-largest cement producer, will be a four-way race ... read more

 Pulse NewsYesterday
Korean firms?? investment in China plunges more than 40% this year from year ago

South Korean companies scaled back their investments in China by more than 40 percent this year due to foggy business prospects ... read more

 Pulse NewsYesterday
Lotte Group in talks with 5~10 bidders for Lotte Mart operation in China

South Korea??s conglomerate Lotte Group and its sales adviser Goldman Sachs are engaged in preliminary talks with five to 10 ... read more

 Pulse NewsYesterday
Hyundai Livart to absorb Hyundai H&S

Hyundai Livart Corp., a manufacturer and distributor of furniture under South Korea??s Hyundai Department Store Group, said in a ... read more

 Pulse NewsYesterday
Samsung Elec and SK Hynix eye sales and profit milestone this year

South Korean Samsung Electronics Co. and SK Hynix Inc. that are the world??s two largest memory vendors eye combined sales and ... read more

 Pulse NewsYesterday
Doosan Infracore upgrades telematics service for North American market

South Korea??s leading construction equipment maker Doosan Infracore Co. said on Monday it has launched upgraded version in its ... read more

 Pulse NewsYesterday
Hyundai Motor bruised by lethargic car sales in China

South Korean car sales in China plunged in August, dropping 39 percent versus a year ago amid the lingering diplomatic spat over ... read more

 Pulse NewsYesterday
LG Chem expected to report 54% on-year surge in OP in Q3: Market analysts

South Korea??s leading petrochemical player LG Chem Ltd. is expected to report strong earnings in the third quarter thanks to ... read more

 Pulse NewsYesterday
OLED TV demand on fast rise to become mainstream in high-end market

Organic light-emitting diode (OLED) screens are fast ascending to become a mainstream in the high-end TV market with worldwide ... read more

 Pulse NewsYesterday
Petrochem Industry to Invest 10 Tril. Won in Daesan Industrial Complex

The Daesan petrochemical industrial zone in Seosan, South Chungcheong Province, will transform into an advanced chemical industrial complex. The nation's major petrochemical companies may invest up to 10 trillion won in this area. On September 14, S... read more

 Korea Economic Daily4 days ago
Gov't Not to Raise Lawsuit against China with WTO...Pushes for $8 Mil. Aid Package with North Korea

The government is pushing forward with a plan worth US$8 million to help out vulnerable people in North Korea. Meanwhile it won't raise a lawsuit against China with the World Trade Organization in relation to the latter country's retaliatory measures... read more

 Korea Economic Daily4 days ago
S. Korea??s Hyundai launches new Genesis luxury sedan G70

South Korea??s Hyundai Motor Co. launched its highly anticipated Genesis G70 luxury performance sedan in Seoul on Friday, hoping ... read more

 Pulse News4 days ago
Korea??s ??17 financial toll from THAAD row with Chine to near $16 bn in tourism revenue loss

The financial toll from the loss of big-spending Chinese tourists as the result of ongoing diplomatic row between South Korea ... read more

 Pulse News4 days ago
S. Korean govt, companies agree to upgrade Daesan Petrochemical Complex

The South Korean government and the petrochemical industry have launched a project to upgrade an industrial complex in Daesan, ... read more

 Pulse News4 days ago
Korean ship and steel makers at odds over plan to hike vessel steel plate price

South Korea??s ship and steel makers are wrangling over the planned hike in vessel steel plates as shipbuilders still reeling ... read more

 Pulse News4 days ago
Samsung Elec forms $300mn to fund autonomous driving tech

Samsung Electronics Co., South Korean tech giant, world??s leading memory chip and consumer electronics maker, eying automotive ... read more

 Pulse News4 days ago
Lotte Mart embarks on sale of China operations amid THAAD row: sources

Lotte Mart, discount store unit of South Korean conglomerate Lotte Group, has reportedly decided to sell its stores in China, ... read more

 Pulse News5 days ago
Hyosung ups airbag cushion output to 40 mn units in Mexico

South Korea??s leading chemical and textile company Hyosung Corp. will be ramping up annual airbag cushion output to near 40 ... read more

 Pulse News5 days ago
LS Industrial Systems wins solar power plant deal in Japan

LS Industrial Systems Co. (LSIS) said Thursday it has sealed a 46 billion won ($40.6 million) deal to build and operate a ... read more

 Pulse News5 days ago
Kia Motors hires former BMW M designer as style head

South Korea??s Kia Motors Corp. struggling in China has hired a renowned designer Pierre Leclercq, the former head of BMW M ... read more

 Pulse News5 days ago
Hyundai Heavy sells U.S. unit Hyundai Ideal Electric

South Korea??s Hyundai Heavy Industries Co. shed Hyundai Ideal Electric Co., its money-losing electric motors making subsidiary ... read more

 Pulse News5 days ago
Fiat Chrysler, Mercedes-Benz to recall 4,419 vehicles in S. Korea

Fiat Chrysler Automobiles and Mercedes-Benz have issued a voluntary recall of 4,419 vehicles in South Korea to fix defects in ... read more

 Pulse News5 days ago
Kakao and Samsung Elec cooperate in voice recognition and AI technologies

Leading mobile app operator Kakao Corp. said it teamed up with South Korea??s top hardware producer Samsung Electronics in ... read more

 Pulse News5 days ago
LG Electronics, LG CNS to build robot control system in Incheon Airport

LG Electronics Inc. and its sister company LG CNS Co. together will build a robot control system at Incheon International ... read more

 Pulse News5 days ago
Korea-China Current Swap Deal Won't Be Part of Agenda in Sept. 13-14 Governors Meeting

Central bank governors of three East Asian countries including China, Japan, and Korea will get together and discuss issues such as debt and macroeconomic soundness. But the issue of the Korea-China currency swap deal which will expire on October 10 ... read more

 Korea Economic Daily6 days ago
Youth Unemployment Rate Hits Record-low in 18 Years

The youth unemployment rate has hit a record-high level in August since the Asian financial crisis. As for the number of net job increase, it fell to a low of 54 months. Even though the government is doing everything it can to create jobs, jobs-relat... read more

 Korea Economic Daily6 days ago
S. Korea??s top wine importer Keumyang sold to local construction firm

South Korea??s Camus Engineering & Construction Inc. (Camus E&C) has acquired Keumyang International Inc., the country??s top ... read more

 Pulse News6 days ago
LG International Kicks off Cement Production in Myanmar

LG International Corp., Korea's leading general trading company, is set to kick off the operation of a cement factory in Myanmar for which it has invested for two years. This is part of the company's strategy to preempt the rapidly growing Myanmar ma... read more

 Korea Economic Daily6 days ago
Kumho Asiana Chairman to Sell 3 Kumho Tire Plants in China

Park Sam-koo, chairman of Kumho Asiana Group, will submit a self-rescue plan for Kumho Tire that includes the sell-off of Chinese plants to the creditors by September 12. In addition, he will sell off a 4.4-percent stake in Daewoo Engineering & Const... read more

 Korea Economic Daily6 days ago
SK Telecom partners up with Bharti Airtel??s to advance Indian network

SK Telecom Co., South Korea??s largest telecommunications company, and Bharti Airtel, the world??s third-largest mobile carrier ... read more

 Pulse News6 days ago
Filing WTO complaint against China one of options for S. Korea: trade minister

Filing a legal complaint against Beijing with the World Trade Organization (WTO) is one of many options Seoul is considering to ... read more

 Pulse News6 days ago
CJ E&M to double globally produced films by 2020

CJ E&M Corp., the media and entertainment arm of South Korean conglomerate CJ, aims to more than double the number of movies ... read more

 Pulse News6 days ago
E-Mart sells stake and premises to Costco

E-Mart Inc., a discount store unit of South Korea??s retail conglomerate Shinsegae Group, has signed a deal to sell its stake in ... read more

 Pulse News6 days ago
Bain-SK Hynix back in the race to buy memory business from Toshiba

In another twist in the complicated and tantalizing process to sell the world??s second largest flash memory business, Japan??s ... read more

 Pulse News6 days ago
Samsung Elec to release Kimchi fridge that can store other foods

South Korea??s electronics giant Samsung Electronics said on Wednesday its new Kimchi refrigerator ??Kimchi Plus?? that can ... read more

 Pulse News6 days ago
Kumho Tire ordered to come up with more feasible self-rescue plan

South Korea??s second industry leader Kumho Tire Co. which now needs to save itself after its sale to Chinese rival Doublestar ... read more

 Pulse News6 days ago
Korea??s job growth slows in August

The growth in the number of new hires in South Korea slowed in August with the on-year employment gain dipping below the 300,000 ... read more

 Pulse News6 days ago
Hyundai, Kia appeal to Europe with high-performance line-up

South Korea??s Hyundai Motor Co. and its sister company Kia Motors Corp. have showed off their high-performance cars and compact ... read more

 Pulse News6 days ago