EconomyLoop
where regional business news becomes global to everyone

Hyosung sets up new entity in South Africa to advance deeper into Africa

South Korea??s industrial conglomerate Hyosung Group has recently set up a new business entity in South Africa in a move to make ... read more

 Pulse News19 days ago

     
S. Korea??s global bond issues up 13% this year despite N. Korea risk

South Korea`s global bond offerings this year increased 13.2 percent against a year-ago period to near $30 billion as of the end ... read more

 Pulse News19 days ago
LG Group??s non-core family members sell off shares, suggesting leadership change

Speculations are looming that LG Group, South Korea??s third largest conglomerate based on market cap, is preparing to hand down ... read more

 Pulse News19 days ago
Design future lies in data mining and creativity to make technology easy: Red Dot founder

The role of designers has changed due to advances in big data and deep-learning machines, and their competitiveness lies in the ... read more

 Pulse News19 days ago
Woongjin Energy??s solar wafer factory at full operating rate

South Korea??s Woongjin Energy Co. is running its silicon ingot and wafer factories at a full rate thanks to revived demand for ... read more

 Pulse News19 days ago
BOK??s rate policy will hinge on economic recovery, not inflation: gov

Bank of Korea Governor Lee Ju-yeol indicated that the central bank could navigate monetary policy in tune with economic and ... read more

 Pulse News19 days ago
Korea??s exports hit record high in Sept, up 35% on year

South Korean exports surged 35 percent on year in September to an all-time monthly high of $55.1 billion thanks to strong demand ... read more

 Pulse News19 days ago
New Korean duty-free shops delay opening amid THAAD row

South Korean duty-free operators were given permission to delay new openings for a year amid poor outlook in the business due to ... read more

 Pulse News22 days ago
SK Telecom decides to fully own SK Telink in stock swap deal

SK Telecom Co. has agreed to a full stock swap deal to buy an additional stake in its unlisted sister company SK Telink Co. and ... read more

 Pulse News22 days ago
Posco Daewoo partners with CJ Logistics for logistics business

South Korea??s Posco Daewoo Corp. has linked up with the country??s largest parcel delivery service company CJ Logistics Corp. ... read more

 Pulse News22 days ago
7th Global Financial Leaders Forum to take place in New York on Oct. 11

The Global Financial Leaders Forum, jointly hosted by South Korea??s Maeil Business Newspaper, Korea Society and Korea Finance ... read more

 Pulse News22 days ago
Orion H2 OP to grow on recovery in Chinese biz

South Korea??s confectionary giant Orion Corp. is expected to see a boost in its operating profit in the latter half of this ... read more

 Pulse News22 days ago
Celltrion votes to exist Kosdaq and move to main Kospi

Celltrion Inc., a South Korean biopharmaceutical company and the No. 1 stock on the secondary Kosdaq by market capitalization, ... read more

 Pulse News22 days ago
Korean antitrust watchdog to ask prosecution to probe Airbnb

South Korea??s antitrust agency Fair Trade Commission (FTC) took actions to prosecute global home-sharing giant Airbnb Inc. for ... read more

 Pulse News22 days ago
??U.S. actually drafted a notice of scrapping KORUS FTA??: S. Korean trade minister

White House had actually drafted a notice early this month of scrapping the five-year-old free trade agreement between the U.S. ... read more

 Pulse News22 days ago
Korea??s industrial output growth softens in Aug on sluggish domestic demand

South Korea`s industrial output inched up in August mostly led by activity in electronics component fabs while auto-making and ... read more

 Pulse News22 days ago
Kakao Games to go public on secondary Kosdaq next year

Kakao Games Corp., the game developing unit of South Korea??s leading mobile messenger operator Kakao Corp., will pursue a ... read more

 Pulse News22 days ago
SK Hynix to beef up R&D capacity with new NAND R&D center

South Korea??s SK Hynix Inc. plans to spend over 200 billion won ($174 million) to create a research and development center ... read more

 Pulse News23 days ago
First foreigner penalized for disrupting Korean stock market

A non-Korean national for the first time has been fined for reaping illicit profits in stock transaction on the Korean bourse ... read more

 Pulse News23 days ago
Korea Kolmar buys 10.76% shares in genome analysis firm

South Korea??s cosmetics and pharmaceutical company Korea Kolmar Holdings Co. acquired a 10.76 percent stake in genetic ... read more

 Pulse News23 days ago
Lotte to buy Vietnamese credit card co, shifting focus from China to Vietnam

South Korea??s conglomerate Lotte Group seeks to expand its presence in Vietnam with an acquisition of a Vietnamese financial ... read more

 Pulse News23 days ago
Osstem Implant earnings outlook lifted by health care reform

Osstem Implant Co., a South Korean company specializing in dental implants, is poised for higher growth thanks to the ... read more

 Pulse News23 days ago
SK Hynix board okays investment into Toshiba??s memory chip unit

SK Group chairman Chey Tae-won left for a business trip to Tokyo, Japan, on Wednesday to make a final pitch for the consortium ... read more

 Pulse News23 days ago
Korean gov??t mulls putting conglomerates with multiple financial units under stricter rule

South Korean major conglomerates such as Samsung Group, Hyundai Motor Group and Lotte Group that hold multiple financial ... read more

 Pulse News23 days ago
Korea??s Sept CPI up 2.1%, accelerating 2% for third month

South Korea??s consumer price rose 2.1 percent in September on year, easing from a 2.6 gain in the previous month, but hovering ... read more

 Pulse News23 days ago
Korean govt to invest 500 bn won to promote novel drug R&D for next 10 years

South Korean government pledged 500 billion won ($439 million) for the next 10 years to sponsor development of 100 new drug ... read more

 Pulse News24 days ago
SK Holdings to invest $100mn in U.S. shale gas company

SK Holdings, the holding company of South Korea??s SK Group, Tuesday announced its board has decided to invest $100 million ... read more

 Pulse News24 days ago
Korea United Pharm may hit new revenue milestone this year on robust growth

Korea United Pharm, a South Korean mid-sized pharmaceutical company, draws attention from investors on steady and robust ... read more

 Pulse News24 days ago
Kumho Asiana??s Park not entirely giving up on Kumho Tire

Yielding his management right in Kumho Tire Co. headed for renewed debt relief program and custodianship under creditor banks ... read more

 Pulse News24 days ago
Samsung, LG to invest $9.2 bn in smartphone, appliance by 2020

South Korea??s two smartphone and home appliance majors Samsung Electronics Co. and LG Electronics Inc. vowed to invest 10.5 ... read more

 Pulse News24 days ago
S. Korea??s LS Industrial System to lead ESS-linked solar power expansion in Busan

South Korea??s LS Industrial System Co. will build a roof-mounted solar power farm linked to energy storage system (ESS) in ... read more

 Pulse News24 days ago
Samsung SDI unveils new cylindrical battery with 50% bigger capacity

Samsung SDI, a material and energy solution unit of South Korea??s largest conglomerate Samsung Group, showcased an ungraded ... read more

 Pulse News24 days ago
U.S. starts anti-dumping probe on Korean PET imports

The U.S. government has launched an anti-dumping probe into South Korean polyethylene terephthalate (PET) in a series of ... read more

 Pulse News24 days ago
Hyundai Motor Group opens big data center in China

Struggling not lose its foothold in the world??s largest automobile market despite waning sales, South Korea??s Hyundai Motor ... read more

 Pulse News24 days ago
Samsung Heavy Industries clinches $983 million deal to build six containers

South Korean shipbuilder Samsung Heavy Industries Co. won a 1.12 trillion won ($983.3 million) order from a European shipping ... read more

 Pulse News24 days ago
KDB to place Kumho Tire under creditor-led workout program

South Korea??s second largest tire maker Kumho Tire Co. goes under creditors?? management and debt relief to seek business ... read more

 Pulse News25 days ago
Hyundai Heavy Industries wins $800 million deal to build ore carriers

South Korea??s largest shipbuilder Hyundai Heavy Industries Co. said on Tuesday that it has bagged a 908.6 billion won ($800 ... read more

 Pulse News25 days ago
Oasis Management, first foreign institution adopting Korea??s stewardship code

Oasis Management Company Ltd., a Hong Kong-based private investment management firm, has become the first foreign institutional ... read more

 Pulse News25 days ago
SK Hynix shares roar on NAND business and Toshiba news

Shares of SK Hynix Inc. are on a roll, fuelled by the growing prospects of its winning an interest in Toshiba Corp.??s NAND ... read more

 Pulse News25 days ago
KB Financial Group to adopt stewardship code

South Korea??s KB Financial Group is taking steps to adopt the stewardship code, a guideline for institutional investors to ... read more

 Pulse News25 days ago
Unilever to buy AHC beauty maker Carver Korea for $2.7 bn

Global consumer goods giant Unilever offered to acquire cosmetics firm Carver Korea Co. famous for A.H.C. beauty brand for 2.27 ... read more

 Pulse News25 days ago
LG Electronics advances into home beauty market in Korea

South Korea??s electronics giant LG Electronics Inc. on Monday has ventured into the country??s bourgeoning beauty and personal ... read more

 Pulse News25 days ago
Korea's MBI to Establish EV Plant in Vietnam

MBI, a Korean manufacturer specializing in making transmissions, will build an electric car plant in Hanoi, Vietnam, jointly with local firm N&G Group. The two companies will invest a total of US$1 billion for the next seven years. The companies sai... read more

 Korea Economic Daily26 days ago
Industry Panics over Prospect of Rising Subcontract Worker Disputes

As the government pronounced illegal on the practice of companies relying on subcontract workers for a long time such as the cases in Paris Baguette and Mando-Hella, the whole industry in shock. This is not just restricted to manufacturers but is spr... read more

 Korea Economic Daily26 days ago
POSCO Completes Steel Wire Service Center in the U.S.

POSCO, Korea's largest steel maker, has completed on September 22 the construction of a steel wire service center in Jeffersonville, Indiana, with an annual capacity of 25,000 tons. The plant will supply steel wire goods to be used for bolts, nuts, a... read more

 Korea Economic Daily26 days ago
Gov't Decides to Give $8 Mil. Aid to North Korea...Timing to Be Announced Later

The government has decided to give support to North Korea worth US$8 million in programs helping its vulnerable people including children and pregnant women indirectly through international organizations. It, however, has not decided when to start se... read more

 Korea Economic Daily26 days ago
South Korea??s steel exports to U.S. down 16% on-year in August

South Korea??s steel exports to the United States plunged 16 percent last month from a year ago on rising import restrictions in ... read more

 Pulse News26 days ago
Posco completes wire rod processing center in Indiana, U.S.

South Korea??s top steelmaker Posco said Sunday it opened up a new facility along the Ohio River in Indiana, U.S, which would be ... read more

 Pulse News26 days ago
Hyundai Motor ranked as 35th most valuable brand in the world

South Korea??s Hyundai Motor Co. has been cited as the 35th most valuable brand and sixth among car names while its sister ... read more

 Pulse News26 days ago
Hyundai Mobis wins combined $4.8 bn deals in China, North America

Hyundai Mobis Co., South Korea??s largest automotive parts supplier, said Monday it has clinched deals worth a combined $4.8 ... read more

 Pulse News26 days ago