EconomyLoop
where regional business news becomes global to everyone

U.S. proxy advisor Glass Lewis adopts Korea??s stewardship code

Glass Lewis, U.S-based global proxy advisory firm pledged to comply with South Korea??s stewardship code, a set of guidelines ... read more

 Pulse News22 hours ago

     
GM to invest $50mn to expand Bupyeong plant in S. Korea

The U.S. automaker General Motors Co. will invest fresh $50 million to expand its plant in South Korea as part of efforts to ... read more

 Pulse News22 hours ago
N. Korean econ shrinks the most in 20 yrs under stricter sanctions: BOK

North Korea??s economy is estimated to have contracted the most in two decades last year after toughened international sanctions ... read more

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S. Korea??s Woori Bank reports record high net profit in H1

South Korea??s Woori Bank Co. said in a regulatory filing on Friday that its net profit surged by 21.4 percent to 716 billion ... read more

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Korean oil importers improvise vs US re-imposition of sanctions on Iran

South Korean petrochemical companies are readying to reduce crude oil imports from Iran to counter possible risks from the ... read more

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Hyundai Motor sets up digital showroom on Amazon platform

Hyundai Motor has launched a digital showroom on Amazon.com, further deepening its partnership with the world??s largest online ... read more

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MAN Truck & Bus Korea faces class action from truck owners in Korea

A group of South Korean owners of MAN trucks will head to a local district court on July 23 to file a class action lawsuit ... read more

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KHNP issues $600mn 5-year green bonds at 3.75% in heated demand

South Korea??s state-run Korea Hydro & Nuclear Power Co. (KHNP) successfully raised $600 million in five-year green bonds, the ... read more

 Pulse News2 days ago
Schindler seeks $264 mn ISD suit vs Korean gov over Hyundai Elevator

Schindler Holding AG, the second-largest shareholder of South Korea??s Hyundai Elevator Co., is seeking an investor-state ... read more

 Pulse News2 days ago
Latest regulatory filings (19/07/2018)

??KCC(Stock Market)-Decision on Cash Dividend and Dividend in Kind ??Kakao(Stock Market)-Organization of Investor Relations ... read more

 Pulse News2 days ago
Korea??s Harim tapping EU, Canada to export processed poultry

Harim Co., South Korea??s leading livestock and animal feed company, is seeking to introduce its processed meat products in ... read more

 Pulse News2 days ago
Mercedes-Benz, KT jointly develop EV charging station for EQ brand

Mercedes-Benz Korea, the local unit of German automaker Mercedes-Benz, said on Thursday it has developed an electric vehicle ... read more

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KB Financial logs record-high net profit in H1

South Korea??s KB Financial Group Inc., which claimed the No. 1 title last year, reported a drop in net profit against the ... read more

 Pulse News2 days ago
Union of Hyundai Heavy Industries launches strike, adding to the shipyard woes

Unionized workers of South Korea??s largest shipbuilder Hyundai Heavy Industries Co. went on a general strike on Thursday due to ... read more

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Hyundai Glovis to ship Hyundai Motor car parts via Trans-Siberian rail to Russia

Hyundai Glovis Co., a logistics unit of South Korea??s Hyundai Motor Group, is looking to add the Trans-Siberian Railway (TSR) ... read more

 Pulse News2 days ago
??Data (Source: BOK)

??Producer Price Index during June 2018 1. The Producer Price Index decreased by 0.0% month-on-month in June 2018 ?? in ... read more

 Pulse News3 days ago
GU, sibling of Japanese fast fashion leader Uniqlo, to open first Korean store

Fast Retailing Co., operator of Japanese fashion brand Uniqlo, will open the first Korean store of its casual wear brand GU in ... read more

 Pulse News3 days ago
S. Korea fund grows 5.4% Q1, outperforming global increase of 1%

Funds with underlying South Korean assets totaled a net $440.9 billion as of the end of March, adding 5.4 percent from December ... read more

 Pulse News3 days ago
Kia Motors launches all-electric Niro

South Korea??s second-largest automaker Kia Motors Corp. has released the all-electric version of the Niro, bolstering the green ... read more

 Pulse News3 days ago
Sewoon Medical stock on upward momentum on expanded capacity

Sewoon Medical Co., Kosdaq-listed medical equipment maker, gained upward momentum in its stock as expansion in Vietnam is ... read more

 Pulse News3 days ago
FSS to step up monitoring amid surge of ELS issues

South Korea??s financial regulator will strengthen watch over equity-linked securities (ELS) products against the risk of ... read more

 Pulse News3 days ago
KCC sets up its 11th solar power facility in Yongin

South Korea??s building and industrial materials company KCC Corp. completed construction of its 11th solar power plant in ... read more

 Pulse News3 days ago
Heat, World Cup wave sends chicken population to historic high in Korea

South Korea is truly living up to its reputation as the kingdom of chickens as the head count of local birds nearly quadrupled ... read more

 Pulse News3 days ago
Shinsegae opens new duty-free store in downtown Seoul

Shinsegae DF Inc., duty-free store operating unit of South Korea??s retail conglomerate Shinsegae Group, has opened its second ... read more

 Pulse News3 days ago
Samsung??s QLED TV wins at British `QLED vs. OLED` blind shootout

Samsung Electronics declared its QLED TV defeated rivaling premium candidate OLED TV in a British showdown with 90 percent of 60 ... read more

 Pulse News3 days ago
Korean PEF J&W gets provisional nod to take over SK Securities

A local private equity fund operator J&W Partners Ltd. has been cleared to take over SK Securities Co., brokerage unit of South ... read more

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Korean steelmakers face more trade barriers amid tariff war

The European Union will impose temporary 25-percent tariff on 23 steel products made outside the EU in tit-for-tat action ... read more

 Pulse News3 days ago
Short sellers come out big winners in H1 Kospi bear market

Short-selling proved to be a winning strategy in Korea??s first-half bear market as eight out of the 10 most shorted Kospi ... read more

 Pulse News3 days ago
Latest regulatory filings (18/07/2018)

??LG Uplus(Stock Market) -Organization of Investor Relations Event??OCI(Stock Market)-Organization of Investor Relations Event ... read more

 Pulse News3 days ago
KAI shares plunge with the fatal helicopter crash

Shares of Korea Aerospace Industries (KAI) are in a downward spiral after the fatal crash of its self-developed helicopter ... read more

 Pulse News3 days ago
LG Chem invests $2 bn to build 2nd EV battery plant in China

South Korea??s LG Chem, one of the world??s top secondary battery makers, is building its second battery plant in China for a ... read more

 Pulse News3 days ago
??Market Data

??Market Data as of close July 18, 2018 (Source: MiraeAsset Daewoo Research , 19/07/2018)[?? Maeil Business Newspaper & ... read more

 Pulse News4 days ago
SK Energy, Korea Post join hands to run multi post, fuel station

South Korea??s top oil refiner SK Energy Co. has partnered with the country??s state-run mail delivery system operator Korea ... read more

 Pulse News4 days ago
Hanwha??s anti-desertification campaign cited at United Nations

A society-inclusive campaign launched by South Korea??s Hanwha Group to combat desertification has been introduced as an ... read more

 Pulse News4 days ago
Korea Tourism Org sponsors medical tourist fair in Southeast Asia

The Korea Tourism Organization (KTO) said Wednesday it is sponsoring a fair in Indonesia to draw tourists for medical checkup, ... read more

 Pulse News4 days ago
Hyundai Motor??s nostalgic ad draws over 100 mn views in India

South Korean auto giant Hyundai Motor Co.??s sentimental ad campaign about first-time car-buying experience produced to ... read more

 Pulse News4 days ago
Kolon Life Science inks $200 mn deal to export osteoarthritis to China

Korea??s Kolon Life Science has signed a 230 billion won ($200 million) contract to export its osteoarthritis drug Invossa-K to ... read more

 Pulse News4 days ago
SK Hynix chooses three ventures for this years?? incubation program

South Korea??s second-largest chipmaker SK Hynix Inc. released this year??s roster for its incubation and sponsorship program ... read more

 Pulse News4 days ago
S. Korean food maker Ottogi to absorb two affiliates

Ottogi Corp. South Korea??s third largest food maker by sales, will absorb two affiliates - Sangmi Food Holdings Co. and ... read more

 Pulse News4 days ago
SK Bioscience to invest $89 mn to ramp up vaccine capacity

SK Bioscience, a bioengineering name under Korean conglomerate SK Group, will invest a total of 100 billion won ($88.6 million) ... read more

 Pulse News4 days ago
Hyundai Motor transfers truck factory workers to Kia Motors

South Korea??s Hyundai Motor Group has relocated workers at its truck assembly lines in Jeonju to its smaller sibling Kia Motors ... read more

 Pulse News4 days ago
Korea??s ViroMed acquires DNA-producing facility for clinical trial in U.S.

ViroMed, a Korean developer of biologic drugs, Wednesday announced it has acquired a DNA production facility in San Diego, ... read more

 Pulse News4 days ago
Latest regulatory filings (17/07/2018)

??SAMSUNG BIOLOGICS(Stock Market)-Prior Notice on Disclosure of Final Earnings ??SHINHAN FINANCIAL GROUP(Stock Market)-Prior ... read more

 Pulse News4 days ago
CJ Cheiljedang to add SPC products for livestock and pets

South Korean food and bio giant CJ Cheiljedang Corp. announced Tuesday it will broaden application of soy protein concentrate ... read more

 Pulse News4 days ago
Asiana Airlines under renewed buyout rumors after no-meal crisis

South Korea??s Asiana Airlines Inc. shares weighed down by in-flight meal crisis and owner family risk got a lift by rumors ... read more

 Pulse News4 days ago
Korea??s Hyundai Heavy wins $740 mn Greek LNG carrier quartet

South Korea??s largest shipbuilder Hyundai Heavy Industries (HHI) Tuesday announced it has won a contract to build four ... read more

 Pulse News4 days ago
Korean govt cuts ??18 growth forecast to 2.9%, up ??19 budget by 5.7%

The South Korean government turned more pessimistic about growth prospects for this year and the next, citing challenges on the ... read more

 Pulse News5 days ago
??Market Data

??Market Data as of close July 17, 2018 (Source: MiraeAsset Daewoo Research , 18/07/2018)[?? Maeil Business Newspaper & ... read more

 Pulse News5 days ago
Lotte World Tower wins 2018 Tekla Asia BIM Award

The 123-story high-rise Lotte Tower has won the top Asian title as the most innovative design and construction based on building ... read more

 Pulse News5 days ago
Apartment price polarization in S. Korea worst in 8 yrs

The price gap between the most expensive and cheapest apartments in Korea has widened to the steepest level in eight years as ... read more

 Pulse News5 days ago