EconomyLoop
where regional business news becomes global to everyone

Telecom and CMP account surplus hits record high in 2017, topping $1 bn

Increasing global demand for mobile games and computer software developed by South Korean firms has been helping to extend the ... read more

 Pulse News5 hours ago

     
More companies seek IPO on Korean stock market this year

More companies are preparing for initial public offering on South Korean stock market this year including C&G Hi Tech Co., who ... read more

 Pulse News5 hours ago
Hoban Construction is sole bidder for Daewoo E&C

Contrary to earlier expectations, the prospect of the sale of Daewoo Engineering & Construction Co. (Daewoo E&C) has become ... read more

 Pulse News9 hours ago
LG Chem receives approval of first biosimilar in Japan

LG Chem Ltd., chemical and battery making unit under South Korea??s leading conglomerate LG Group, said on Friday that it has ... read more

 Pulse News9 hours ago
Asia??s largest drone festival to open on Jan 25-27 in Busan

Asia??s largest drone festival Drone Show Korea 2018 will run from Jan 25 to 27 at the Busan Exhibition & Convention Center ... read more

 Pulse News2 days ago
S. Korean venture firms?? export hit record high last year

Exports by South Korean venture companies reached all-time high last year thanks to increased demands in high-tech products. ... read more

 Pulse News2 days ago
KEB Hana Bank named best trade finance bank in Korea by Global Finance

South Korea??s KEB Hana Bank was selected as the Korea??s Best Trade Finance Provider for the 17th consecutive year by Global ... read more

 Pulse News2 days ago
Mercedes-Benz premiers new EV brand in Korea

Mercedes-Benz has unveiled its new electric vehicle brand EQ for the first time in Korea, aiming to roll it out in the market ... read more

 Pulse News2 days ago
LG Innotek unveils high-end flip-chip LED package in half the typical price

LG Innotek Co., materials and component making unit of South Korean conglomerate LG Group, said Thursday that it has developed ... read more

 Pulse News2 days ago
S. Korean pharmaceutical firm CKD to issue bonus stock in 1:0.05 ratio

South Korea??s drug maker Chong Kun Dang Pharmaceutical Corp. (CKD) said it will share its robust earnings over the last two ... read more

 Pulse News2 days ago
Kakao sells part of stake in car maintenance start-up Cardoc for business strategy

Kakao Corp., South Korea??s top mobile platform company, has sold a 28 percent stake in its car maintenance service start-up ... read more

 Pulse News2 days ago
Creditors agree to find new owner for Kumho Tire

Korea Development Bank (KDB) and other creditors of cash-strapped Kumho Tire Co. have decided to renew the process to seek a new ... read more

 Pulse News2 days ago
Dong-A ST in $180 mn prospective technology transfer deal with U.S. drug maker

South Korean drug and medical device developer Dong-A ST Co. has reached a technology transfer agreement for its diabetic ... read more

 Pulse News3 days ago
LG Elec unveils 2018 air conditioner lineup embedded with AI

South Korea??s LG Electronics on Thursday unveiled 37 new air conditioner models embedded with its artificial intelligence ... read more

 Pulse News3 days ago
GS25 to open its first 4 stores in Vietnam this month

S. Korea??s GS Retail Co. this month opens first four overseas outposts under its convenience store brand GS25 in Vietnam with ... read more

 Pulse News3 days ago
Samsung Electronics starts mass production of GDDR6

Samsung Electronics Thursday announced that it has started mass production of the industry??s first 16-gigabit Graphics Double ... read more

 Pulse News3 days ago
Hyundai Motor to ask shareholders to name outside directors for transparency

South Korea??s Hyundai Motor Group will ask its shareholders to recommend candidates for a board director in charge of enhancing ... read more

 Pulse News3 days ago
CJ O Shopping to merge with CJ E&M to become Korea??s first media commerce firm

CJ O Shopping Co., a TV home shopping channel and online shopping mall operator of South Korea??s CJ Group, will merge with the ... read more

 Pulse News3 days ago
SK Group affiliates to hold shareholders?? meeting separately in March

South Korea??s SK Group has decided to hold this year??s regular shareholders?? meetings for its major affiliates on different ... read more

 Pulse News3 days ago
Vietnam poised to rival U.S. as Korea??s No. 2 export market

Vietnam is set to become a bigger export market than the United States for South Korea. According to the Korea International ... read more

 Pulse News3 days ago
Bitcoin value halves from peak in Korea amid clampdown

The value of Bitcoin and other cryptocurrencies has nearly halved in Korea, home to one the world??s biggest digital currency ... read more

 Pulse News3 days ago
Green Cross gets approval for hepatitis drug clinical trials

South Korea??s Green Cross Thursday announced it has received approval from the country??s health authorities to conduct phase ... read more

 Pulse News3 days ago
Hana Financial Investment teams up with Chinese partner to launch $100 million venture fund

South Korea??s Hana Financial Investment has joined hands with a Chinese investment company to set up a $100 million fund that ... read more

 Pulse News3 days ago
Kakao Games acquires 10.4% stake in mobile game developer

Kakao Games Corp. eying an initial public offering within the year, bought an equity stake in Korean game developer Action ... read more

 Pulse News3 days ago
BOK keeps rate steady, ups ??18 growth forecast to 3.0%

The Bank of Korea (BOK) on Thursday stayed pat on the benchmark rate and vowed to be prudent in further hikes while turning more ... read more

 Pulse News3 days ago
KT develops AI-based network monitoring, controlling platform

South Korea??s telecom giant KT Corp. has developed an artificial intelligence (AI)-based operations intelligence platform that ... read more

 Pulse News3 days ago
Nomura Securities deems Celltrion stocks are overvalued

Nomura Securities Wednesday recommended a ??Reduce?? rating on Korea??s bellwether biosimilar manufacturer Celltrion and its ... read more

 Pulse News4 days ago
Offshore investors keep up buying spree on Korean stocks

Foreign appetite for Korean stocks stayed lusty as it stretched beyond the traditional industries to new areas like bio, green, ... read more

 Pulse News4 days ago
Hyundai Motor Group to invest $21.6 billion over five years in new mobility

South Korea??s Hyundai Motor Group said on Wednesday that it plans to invest 23 trillion won ($21.6 billion) in smart car ... read more

 Pulse News4 days ago
Samwhan Corp wins $42 mn apartment deal in Bangladesh

South Korea??s mid-sized constructor Samwhan Corp. that is under court protection has bagged a 45 billion won worth ($42 ... read more

 Pulse News4 days ago
Ssangyong E&C to put 4,629 houses on sale this year

South Korea??s Ssangyong Engineering & Construction Co. said on Tuesday that it will supply 4,629 houses to the local market ... read more

 Pulse News4 days ago
Taihan Electric Wire to build underground ultra HV cable in US

Taihan Electric Wire Co., South Korea??s leading provider of industrial cables, has won an order to build an underground ... read more

 Pulse News4 days ago
Hyundai Heavy wins $47mn supply deal for Indonesian power stations

South Korea??s Hyundai Heavy Industries Co. won a 50 billion won ($47 million) contract from Indonesian state power company PLN ... read more

 Pulse News4 days ago
Doosan flatly dismisses media report about selling Doosan Heavy

South Korea??s Doosan Group strongly denied a new report by a local media that claimed it is considering selling off its ... read more

 Pulse News4 days ago
Kyungdong City Gas to build a hydrogen power plant

South Korea??s Kyungdong City Gas Co. will invest more than 100 billion won ($94 million) to build a hydrogen power station to ... read more

 Pulse News4 days ago
SK Biopharmaceuticals?? epilepsy drug to start clinical trial in Japan

SK Biopharmaceuticals, the prescription drug unit of South Korean conglomerate SK Group, is on track to start a clinical trial ... read more

 Pulse News4 days ago
Alteogen??s biosimilar proves similarity to Eylea

South Korea??s Alteogen said on Wednesday its investigational biosimilar ALT-L9 has demonstrated similarity to the originator ... read more

 Pulse News4 days ago
Samsung Elec joins hands with academia to develop neuromorphic chips

South Korea??s tech behemoth Samsung Electronics Co. teamed up with private think tanks and university labs to advance research ... read more

 Pulse News4 days ago
Apple to open first Korean retail store on Jan 27 in Garosugil, Seoul

Apple Inc. will open its first flagship store at the trendy shopping and dining district of Garosu-gil in Gangnam in southern ... read more

 Pulse News4 days ago
Kakao??s $1 bn Singapore GDR IPO entirely subscribed, pricing due Aug. 23

South Korea??s dominant messaging platform operator Kakao Corp. easily pulled off a $1 billion initial public offering in global ... read more

 Pulse News4 days ago
Corporations earning more than $14 mn in Korea to face external audit from ??20

All corporations based in South Korea beyond a certain sales and payroll level would be forced to get outside auditing on their ... read more

 Pulse News4 days ago
Samsung SDS develops blockchain-based electronic authentication platform

Samsung SDS has developed a blockchain-based electronic authentication platform that could replace Active X thanks to greater ... read more

 Pulse News4 days ago
KT opens drone education center on Imja Island

South Korea??s telecom giant KT Corp. has opened a drone education center on an island off Korea??s west coast that will train ... read more

 Pulse News4 days ago
Yellow Mobile to buy 36% stake in Kosdaq-listed Moda

Yellow Mobile Inc., a South Korean mobile media company that owns one of the country??s major cryptocurrency exchange companies ... read more

 Pulse News4 days ago
Kosdaq closes at near 16-year high of above 900

The Korea Securities Dealers Automated Quotation (Kosdaq) closed above 900 for the first time in nearly 16 years on Tuesday on ... read more

 Pulse News5 days ago
Hanwha Advanced Materials kicks off production at third plant in China

Hanwha Advanced Materials Corp., the auto part making unit of South Korean conglomerate Hanwha Group, started commercial ... read more

 Pulse News5 days ago
SK chairman urges SK employees to think outside the box

SK Group Chairman Chey Tae-won urged new recruits to step up efforts to build a new SK that can meet the challenges of a new ... read more

 Pulse News5 days ago
Korea??s Huons to double eye drop production capacity

South Korea??s beauty and healthcare product maker Huons Co. said on Monday it will double production capacity of its eye drops ... read more

 Pulse News5 days ago
SPC Group to run 26 outlets at Incheon Int??l Airport Terminal 2

South Korea??s food giant SPC Group said Tuesday it is ready to serve food, drinks, and snacks timed with this week??s opening ... read more

 Pulse News5 days ago
Starbucks Korea??s 2017 OP hits record high, topping $94 mn

Starbucks Korea Co., local subsidiary of global coffee chain giant Starbucks Corp., is estimated to have raked in more than 100 ... read more

 Pulse News5 days ago