EconomyLoop
where regional business news becomes global to everyone

Hyundai launches new ix35 SUV in China

South Korea`s top carmaker Hyundai Motor Co. said on Friday its joint venture Beijing Hyundai has launched a new edition of the ... read more

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Hyundai Oilbank opens children??s library in Vietnam

South Korea??s refiner Hyundai Oilbank Co. Thursday has opened a children??s library at National Library of Vietnam in Hanoi, ... read more

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Cleanroom equipment maker Syswork to debut on Kosdaq in Dec

South Korea??s Syswork Co., an industrial motors and clean room control system provider, has embarked on procedures for initial ... read more

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S. Korea??s first commercial offshore wind power plant opens in Jeju

Korea South-East Power Co. has completed South Korea??s first commercial offshore wind power farm in the southern island of ... read more

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Shinhan Financial Group to expand alternative investment business

South Korea??s Shinhan Financial Group will add an alternative investment business to strengthen its investment banking ... read more

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Korea??s CJ Logistics revives expansion in China after normalizations of ties

CJ Logistics Corp., logistics arm of South Korean food and entertainment conglomerate CJ, moved to acquire Chinese warehouse ... read more

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S. Korea to drop plan to privatize KDB Capital

South Korean authorities opted not to privatize KDB Capital Corp., a unit of state lender Korea Development Bank (KDB), to ... read more

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SK, Lotte sell the most corporate debt this year

Debt issuance of SK Group that has been voracious in its appetite for new business buyouts has hit 4.5 trillion won ($4.09 ... read more

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Hyundai Motor delivers its first all-electric bus

South Korea??s largest automaker Hyundai Motor Co. on Thursday delivered its first all-electric bus, dubbed Elec City, to local ... read more

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Samsung launches Bixby-enabled tablet in Korean market

Samsung Electronics launched its tablet, the Galaxy Tab A, in its home Korean market on Thursday with its self-developed ... read more

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Samsung Elec, Hynix parts supplier Mecaro plans IPO in Dec

Mecaro Co., South Korea??s manufacturer of semiconductor parts, is readying to debut on the country??s tech-heavy Kosdaq market ... read more

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Fuji Xerox Korea supplies second on-demand printing service in Korean college campus

Fuji Xerox Korea Co. said on Thursday it has opened its second unified communications center to provide ubiquitous printing ... read more

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Samsung Electronics announces promotion of 221 executives

Samsung Electronics Co. on Thursday promoted 221 employees to executive-level titles in its follow-up reshuffle to recent ... read more

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Doosan Group starts procedure to sell controlling stake in Doosan Engine

South Korea??s Doosan Group revealed plans to sell its industrial engine business on Wednesday, putting the unit on the sale ... read more

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LS C&S bags $60 mn deal to build aerial cables in Bangladesh

South Korea??s leading cable maker LS Cable & System Ltd. (LS C&S) that has mainly focused on building underground and ... read more

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Korean listed companies in record dividend binge this year

South Korean listed members went on an unprecedented dividend binge this year, having already paid out more than $14 billion to ... read more

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Hyundai Motor, SK Telecom and Hanwha Asset Mgmnt to invest $45 mn in startups

South Korea??s largest automaker Hyundai Motor Co. together with the country??s leading mobile carrier SK Telecom Co. and asset ... read more

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Samsung Elec names former L??Oreal exec as VP of mobile marketing

Samsung Electronics Co. has named former L??Oreal executive Lee Ji-sun as vice president of marketing for the IT & Mobile ... read more

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Industrial damages, casualties unreported from second largest quake in S. Korea

The second strongest-ever 5.4-magnitude earthquake followed by a series of aftershocks shook southern coastal area of South ... read more

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Hyundai Motor opens mobility, robot tech innovation center in Silicon Valley

South Korea??s Hyundai Motor Group on Wednesday opened an innovation center in Silicon Valley, California, accelerating its ... read more

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Daewoong Pharma unveils its largest drug production facility in S. Korea

South Korea??s Daewoong Pharmaceutical Co. is set to embark on medicine production at its newest and largest factory in the ... read more

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Korean construction firm Daewon readies $27mn IPO in Dec

Daewon Co., South Korea??s midsize builder of commercial and industrial facilities, plan to debut on the secondary Kosdaq market ... read more

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Ildong Pharm to introduce once-weekly insulin therapy from U.S.

South Korea??s Ildong Pharmaceutical said on Wednesday it has inked a three-party contract to introduce AB101, an injectable ... read more

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Korean banks?? Jan-Sept net profit hits 6-year high

South Korean banks?? combined net profit for the first nine months this year reached a six-year high of 11.2 trillion won ($10.0 ... read more

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KT launches consortium for connected car platform business

Five South Korean companies - KT Corp., E1, Lotte Card, BC Card and Smartro - have teamed up to form a consortium to build a ... read more

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KEPCO wins Malay gas-fueled plant project, to issue $1 bln sukuk

South Korea??s state-run utility operator Korea Electric Power Corp. (KEPCO) said Wednesday its consortium has won a deal to ... read more

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Hyundai Motor partners with Michelin to develop EV tires

South Korea??s largest automaker Hyundai Motor Co. has teamed up with Europe??s biggest tiremaker Michelin & Cie. to develop ... read more

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KAI earns CMMI??s top rating for aerospace software development

Korea Aerospace Industries Ltd. (KAI), South Korea??s sole aircraft manufacturer, said on Wednesday that it earned the highest ... read more

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Overseas subsidiaries of Korean firms generate net profit of $9 bn in 2016

South Korean companies recorded net profit in their overseas operation in 2016 thanks to brisk sales of electronic parts and ... read more

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Seoul Semiconductor??s MicroDriver hits LED market

Seoul Semiconductor, South Korea??s leading manufacturer of light emitting diodes (LED), released an ultra-small LED driver that ... read more

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S. Korea??s job addition slows below 300,000 in October

South Korea??s job growth slowed down in October after a brief increase above the 300,000 mark a month ago amid little sign of ... read more

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Korean govt mulling a package of tax incentives for Kosdaq investors

The South Korean government is mulling various tax benefits to long-term investors in Kosdaq members to promote the secondary ... read more

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Janssen drops patent lawsuit against Samsung??s copy drug

Janssen, a pharmaceutical division of multinational medical company Johnson & Johnson, has voluntarily dropped a lawsuit it ... read more

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Korean builders expected to report thinnest offshore order book in 10 years

South Korean constructors are expected to record the lowest overseas order volume in a decade this year due to the weak demand ... read more

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Korean state entities to spend $121mn on new innovations next yr

South Korea??s 22 state-run companies including Korea Electric Power Corp. and Korea Expressway Corp. will spend a combined ... read more

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NY regulator mulling fine on Korean banks for AML violation

South Korean banking operations in New York could face a barrage of punitive and remedial actions from the U.S. state regulator ... read more

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Hyundai Motor targets Middle Eastern compact luxury sedan mkt with G70

South Korea??s largest automaker Hyundai Motor Co. on Tuesday unveiled the G70 compact sports sedan under its standalone luxury ... read more

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IMF upgrades S. Korea??s 2017 growth forecast to 3.2%

The International Monetary Fund (IMF) on Tuesday raised its growth outlook for South Korea??s economy this year to 3.2 percent, ... read more

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Supreme Court sends back MS case vs Samsung Elec by former worker to lower court

South Korea??s Supreme Court on Tuesday sent back a case seeking industrial claims for Samsung Electronics?? clean room casualty ... read more

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Korea opens new OTC market platform for venture capital, PEF

South Korea on Tuesday opened a new exchange platform for venture capitals, private equity funds, and other institutional ... read more

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Dongbu Daewoo??s mini washers sold out during Singles Day

South Korea??s Dongbu Daewoo Electronics Corp. said its wall-mounted front-loading washing machine sold out during China??s ... read more

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S. Korea to return to trillion-dollar trade club in 2017

South Korea is expected to make a comeback to a so-called $1 trillion trade club for the first time in three years thanks to ... read more

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Hyundai Heavy Industries reshuffles management with younger generation

South Korea??s largest shipbuilder Hyundai Heavy Industries Group conducted generation-changing management reshuffle on Tuesday, ... read more

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LG CNS??s digitalization solutions gains overseas fame for public-sector networking

LG CNS Co., the system integration unit of South Korea??s LG Group, said on Tuesday that it has so far earned $250 million from ... read more

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LS C&S Asia breaks ground for power cable plant in Myanmar

LS Cable & System Asia Ltd. (LS C&S Asia), a subsidiary of Korea??s leading cable maker LS C&S, broke ground for a power cable ... read more

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Lotte wins lawsuit against Shinsegae over Incheon biz rights

South Korean retail giant Lotte won a five-year-long legal battle with its rival Shinsegae over business rights to a department ... read more

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Samsung Elec joins EdgeX Foundry to accelerate development of industrial IoT

South Korea??s Samsung Electronics Co., leading global manufacturer of consumer electronics and mobile devices, has joined a ... read more

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Doosan Heavy receives go-ahead to upgrade power plant in Indonesia

South Korea??s largest power plant equipment maker Doosan Heavy Industries & Construction Co. has received a go-ahead to ... read more

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Foreign holding of Korean stocks and bonds hits record high of $672 bn

Foreign ownership in Korean stocks and bonds reached a new record last month as offshore investors?? appetite for local ... read more

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Korean biz asks Australia to reconsider LNG shipment restriction

South Korea??s business association requested Australia to reconsider its plan of restricting liquefied natural gas (LNG) ... read more

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