EconomyLoop
where regional business news becomes global to everyone

Korea??s housing market sentiment sharply sours in November

South Korea??s housing market players have turned decisively pessimistic about future business conditions amid hard-line ... read more

 Pulse News38 days ago

     
SK Telecom demos a fleet of self-driving cars hailed via smartphone

South Korea??s leading wireless carrier SK Telecom showcased a ride-sharing technology that brings a self-driving car to the ... read more

 Pulse News38 days ago
Korea finds BMW fires caused by faulty EGR valves, not bypass

The main cause of recent fires in BMW cars turned out to be in faulty exhaust gas recirculation (EGR) valves, not the bypass as ... read more

 Pulse News38 days ago
Korea??s self-employed number falls, consumer section hardest hit

The number of self-employed and unsalaried work force in Korea fell this year as more or more street shops go out of business ... read more

 Pulse News39 days ago
Hyundai, Kia to invest additional $250 mn in ride-hailing firm Grab

Hyundai Motor and its affiliate Kia Motors, South Korea`s two biggest carmakers, said they will invest $250 million in total to ... read more

 Pulse News39 days ago
JW Pharm cleared for phase I study of investigational atopy drug

South Korea??s JW Pharm said on Wednesday the Ministry of Food and Drug Safety has approved a phase I clinical study of its ... read more

 Pulse News39 days ago
R&D investment by Korea??s top 1000 firms up 7.9% last year

Total investment in research and development by South Korea??s top 1,000 companies in terms of R&D spending rose 7.9 percent on ... read more

 Pulse News39 days ago
Hyundai Motor pitches high-performance and hydrogen vehicles in China

South Korea??s top automaker Hyundai Motor is deploying high-performance models and hydrogen-powered vehicles in China in hopes ... read more

 Pulse News39 days ago
Hyundai Card mulling massive layoff to aid balance sheet

South Korea??s Hyundai Card Co. may become the first in the credit card segment - hit hard by stagnant consumption, a ... read more

 Pulse News39 days ago
CJ CGV Vietnam becomes latest to call off IPO in Korea

South Korea??s largest multiplex cinema chain CJ CGV has cancelled its plan of listing its Vietnamese entity on the Korean ... read more

 Pulse News39 days ago
FSC suggests removing stock trade tax to boost market

South Korea should remove levy on stock trade even at risking reduced tax revenue to promote more investment in the stock ... read more

 Pulse News39 days ago
Asiana Airlines Q3 revenue at record high, profit slumps on high oil prices

South Korea??s second-largest full-service carrier Asiana Airlines Inc. reported a 15 percent on-year drop in third-quarter ... read more

 Pulse News39 days ago
KDI slashes Korea??s growth outlook for 2018, 2019 to 2.7%, 2.6%, each

State-run think tank Korea Development Institute (KDI) on Monday slashed its outlook on the nation??s economic growth for this ... read more

 Pulse News39 days ago
Investors must ready for recession, deleveraging in 2020 and beyond

Equity and bond experts of Wall Street warned of looming downturn with the possibility of a recession beginning in the United ... read more

 Pulse News39 days ago
South Korean shipyards likely to top 2018 global order book

South Korean shipyards are likely to return to the world??s top rank in terms of 2018 order book after they stayed behind ... read more

 Pulse News40 days ago
Jeju Air Q3 OP dn 6.4% on yr, to buy back 5 bn won worth shares

South Korea??s leading budget carrier Jeju Air Co. reported a 6.4 percent on-year drop in operating profit for the ... read more

 Pulse News40 days ago
??Data (Source: BOK)

??Balance of Payments during September 2018(preliminary) ?? During September 2018 the Korean current account registered a ... read more

 Pulse News40 days ago
Latest regulatory filings(05~06/11/2018)

?? Kakao (Stock Market)-An Explanation for Rumors or Media Reports ??HANWHA CORP (Stock Market) -Organization of Investor ... read more

 Pulse News40 days ago
Elliott may have to rethink holdings in Hyundai Motor amid losses

Amid the wave of foreign exit from the Korean equity market, whether U.S. activist hedge fund Elliott Management will stay and ... read more

 Pulse News40 days ago
Posco to nurture secondary battery material as new mainstay

South Korea??s top steelmaker Posco will foster secondary battery material as its mainstay product along with traditional steel ... read more

 Pulse News40 days ago
Nine foreign car brands to make 10,000 sales cut in Korea this year

Two more foreign names will likely join the 10,000-sales club in Korea amid unfazed popularity of foreign cars.Nine foreign car ... read more

 Pulse News40 days ago
Asiana IDT led by Kumho Asiana heir apparent to debut on Kospi

Asiana IDT Inc., an IT service unit wholly-owned by South Korea??s second largest full-service carrier Asiana Airlines Inc., ... read more

 Pulse News40 days ago
S. Korea??s current account surplus tops $10bn in Sept, highest in a year

South Korea??s current account surplus in September exceeded the $10 billion mark for the first time in a year thanks to brisk ... read more

 Pulse News40 days ago
Kospi stays positive Tues as investors await US election results

South Korean stocks stayed mildly on positive territory on Tuesday, relieved by the news of Korea being included among eight ... read more

 Pulse News40 days ago
Hyundai, Kia sales this year likely off 9% from 2015

South Korea??s auto giant Hyundai Motor Co. and its sibling Kia Motors Corp. that shocked the market with dismal twin ... read more

 Pulse News40 days ago
Surging self-employed debt to further strain Korean economy

Self-employed businesses in South Korea are expected to face a record 600 trillion won ($53.43 billion) in debt this year, a ... read more

 Pulse News40 days ago
S. Korea gets an exemption on Iranian oil imports

South Korea along with seven other countries have been granted temporary waivers on Iranian oil imports from the U.S. that on ... read more

 Pulse News40 days ago
SK Broadband establishes per-title system for Btv VoD service

SK Broadband Co., the internet and television service unit wholly-owned by South Korea??s leading telecommunications company SK ... read more

 Pulse News40 days ago
S. Korean govt to allow domestic tenants in free economic zones

The South Korean government struggling to promote corporate hiring and investment will allow domestic tenants to the free ... read more

 Pulse News40 days ago
Celltrion cleared to market breast cancer drug Herzuma in Japan

South Korea??s leading biosimilar manufacturer Celltrion Inc. won a court decision declaring patents on Roche??s breast cancer ... read more

 Pulse News40 days ago
Hyundai Glovis deploy robots for packaging

Hyundai Glovis Co., a logistics unit under South Korea??s Hyundai Motor Group, has deployed industrial robots at its automotive ... read more

 Pulse News41 days ago
DSME wins $273 mn prospective deal from Norway for 3 VLCCs

South Korea??s Daewoo Shipbuilding & Marine Engineering Co. (DSME) has won $273 million prospective order from Norway??s Hunter ... read more

 Pulse News41 days ago
Korean SMEs?? output harder hit by business slowdown, weakest since ??09

Output by Korean small and mid-sized manufacturers fell for the eighth month in a row to show the weakest activity as of ... read more

 Pulse News41 days ago
Yuhan stock flies upon signing $1.25 bn licensing deal with Janssen

Yuhan Corp., South Korea??s top pharmaceutical company by sales, announced Monday that it has signed a $1.25 billion worth deal ... read more

 Pulse News41 days ago
Samsung QLED 8K TV gets top rating from German journal

Samsung Electronics Co.??s QLED 8K TV was named the best TV by Video, an acclaimed German tech magazine, a recognition that it ... read more

 Pulse News41 days ago
DSME hopeful of finally getting delayed payment for drill ships from Sonangol

Daewoo Shipbuilding & Marine Engineering (DSME), South Korea??s second-largest shipbuilder, has gotten its hopes up to finally ... read more

 Pulse News41 days ago
Kakao rumored to be in talks to buy online grocer Market Kurly

South Korea??s largest chat platform operator Kakao Corp. reportedly is seeking to buy Market Kurly, one of the country??s ... read more

 Pulse News41 days ago
Hyundai Mobis to run startup funding center in U.S., China

Hyundai Mobis Co., the auto parts unit under South Korea??s largest auto conglomerate Hyundai Motor Group, will operate an ... read more

 Pulse News41 days ago
S. Korea??s auto part maker Dymco heads to bankruptcy court

South Korea??s auto part maker Dymco Co. that once conquered the domestic automotive valve market filed for court-led ... read more

 Pulse News41 days ago
JB Financial Group??s Q3 net profit soars 18.7% on year

South Korea??s JB Financial Group Co. reported 18.7 percent on-year rise in its net profit over the July to September period, ... read more

 Pulse News41 days ago
LG Electro to develop autonomous shopping cart with E-Mart

South Korea??s LG Electronics Inc. will work with the country??s leading discount retail store chain E-Mart Inc. to introduce ... read more

 Pulse News41 days ago
Lone Star??s ISD suit vs Korea to reach decision by next Mar

An investor-state dispute filed by U.S. private equity firm Lone Star Funds against the South Korean government over the sale of ... read more

 Pulse News41 days ago
??Data (Source: BOK)

??Korea`s Official Foreign Reserves: October 2018?? Korea`s official foreign reserves as of the end of October 2018 amounted to ... read more

 Pulse News41 days ago
S. Korea??s T-commerce industry on growth spurt

T-commerce, a combination of TV home shopping and electronic-commerce has become the latest buzzword in the Korean retail ... read more

 Pulse News42 days ago
LG Group heir becomes holding firm??s largest shareholder

LG Group Chairman Koo Kwang-mo has become the largest shareholder of LG Corp., the holding entity of South Korea??s fourth ... read more

 Pulse News42 days ago
Recovery in S. Korean shipbuilding to accelerate next year: report

Production at South Korean shipyards would grow in full swing next year on the back of increasing new orders amid the ongoing ... read more

 Pulse News42 days ago
Govt discount policy cut 8.3% in Q3 profit of Korean wireless players

South Korea??s three wireless carriers - SK Telecom Co., KT Corp., and LG Uplus Corp. - suffered from the government-led cut in ... read more

 Pulse News44 days ago
Samsung Elec smartphone leadership under growing challenge

Samsung Electronics Co. kept its leadership in the smartphone market in the third quarter but had to look over its shoulder due ... read more

 Pulse News44 days ago
Lotte Chemical??s Q3 operating profit dn 34% on year, outlook gloomier

South Korea??s Lotte Chemical Thursday announced its third-quarter consolidated operating profit fell 34.3 percent to 503.6 ... read more

 Pulse News44 days ago
SK Innovation Q3 OP dented by weak refinery biz, down 12.7% on yr

South Korea??s largest oil refiner SK Innovation Co. saw its operating profit fall 12.7 percent on year in the third quarter on ... read more

 Pulse News44 days ago