EconomyLoop
where regional business news becomes global to everyone

Shinhan Financial partners with Amazon.com to expand fintech business

South Korea??s top Shinhan Financial Group is teaming up with Amazon.com Inc. for leadership in the burgeoning financial ... read more

 Pulse News10 hours ago

     
Korea govt also could clamp down on Google and Facebook, FTC chief

South Korea??s antitrust agency could join the regulatory movements around the world aimed at clamping down on Google and other ... read more

 Pulse News10 hours ago
Korean drug pipeline regains life starting with Hanmi??s renewed clinical development

The Korean drug pipeline has picked up life after stalling last year after industry leader Hanmi Pharm delivered major ... read more

 Pulse News11 hours ago
Hankook Tire actively seeks out non-tire business areas

Hankook Tire Co., the world??s seventh-largest tire manufacturer, is accelerating transformation into a comprehensive automotive ... read more

 Pulse News11 hours ago
Doosan Bobcat to achieve this year??s 7% growth target: CFO

Doosan Bobcat, compact construction equipment-making unit of South Korea??s Doosan Infracore Co., will meet this year??s ... read more

 Pulse News12 hours ago
Korea??s first U.S. shale gas import to enter the country in July

South Korea will receive its first shale gas cargo from the United States next month, a move that is expected to help reduce the ... read more

 Pulse News13 hours ago
Hanjin Group opens Wilshire Grand Center in L.A. after 8-yr construction at cost of $1 bn

South Korea??s transportation conglomerate Hanjin Group finally opened the 73-story skyscraper Wilshire Grand Center in Los ... read more

 Pulse News14 hours ago
Korea??s biotech IPO pipeline packed for H2

South Korea??s bioengineering companies are rushing to go public, riding on preferential listing criteria for newcomers with ... read more

 Pulse News14 hours ago
Samsung??s adalimumab biosimilar closer to European approval

The Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) has adopted a positive opinion ... read more

 Pulse News14 hours ago
Hyundai Motor Loses 2,000 Bus Orders Due to Union Opposition

Hyundai Motor is at risk of losing business to foreign commercial car manufacturers due to opposition by the union even though it had received orders worth eight months for city buses. Already, domestic bus companies and local government agencies are... read more

 Korea Economic Daily16 hours ago
Diesel Price May Rise Soon to a Level Similar to That of Gasoline

In relation to energy tax reform measures to deal with the fine dust problem, all reports prepared by state-run policy think tanks pointed to raising taxes on diesel fuel. As a result, it is highly likely that the current level of diesel price which ... read more

 Korea Economic Daily16 hours ago
New Administration Urged to Raise LNG Share in 8th Energy Plan

The share of LNG in overall power generation should be raised up to 33 percent through the eight power supply basic plan. As the Moon Jae-in administration is pushing a new energy drive to reduce reliance on nuclear and coal power generation, priv... read more

 Korea Economic Daily16 hours ago
Ssangyong Cement Industrial takes over Daehan Cement to cement its market leadership

South Korea??s leading cement manufacturer Ssangyong Cement Industrial Co. acquired a full stake in Daehan Cement Co., the ... read more

 Pulse NewsYesterday
Ssangyong Cement Industrial takes over Daehan Cement to cement its market leadership

South Korea??s leading cement manufacturer Ssangyong Cement Industrial Co. acquired a full stake in Daehan Cement Co., the ... read more

 Pulse NewsYesterday
Samsung Electronics to open home appliance factory in South Carolina, U.S.

South Korea??s electronics giant Samsung Electronics Co. will open its first U.S home appliance plant in Newberry, South ... read more

 Pulse NewsYesterday
Kumho Asiana Group to win back Kumho Busline

Kumho & Co., holding entity of South Korean conglomerate Kumho Asiana Group purchased back an entire stake in Kumho Busline Co. ... read more

 Pulse NewsYesterday
Korean Air partners with Delta through joint venture

South Korea??s flag carrier Korean Air Lines Co. signed a joint venture agreement with the world??s largest carrier Delta Air ... read more

 Pulse NewsYesterday
Mirae Asset Life to acquire 50% stake in Prevoir Vietnam Life

South Korea??s Mirae Asset Life Insurance Co. is taking its first step into offshore market by joining hands with Prevoir ... read more

 Pulse News3 days ago
FTC chief eases concerns about chaebol clampdown

Kim Sang-jo, an outspoken critic of family-run chaebol establishments now heading South Korea??s Fair Trade Commission (FTC), ... read more

 Pulse News3 days ago
S. Korean pres to take 52 businessmen to his first state visit to U.S.

South Korean president Moon Jae-in will be accompanied by 52 local business delegates on his first state visit to the United ... read more

 Pulse News3 days ago
S. Korea??s land minister declares war on housing speculation

South Korea??s new minister of Land, Infrastructure and Transport Kim Hyun-mee said she smelled speculation behind bubbly ... read more

 Pulse News3 days ago
LG Display unveils world??s first flexible, transparent OLED display

Leading display maker LG Display Co. has successfully developed a 77-inch flexible and transparent organic light-emitting diode ... read more

 Pulse News3 days ago
S. Korean businesses become less profitable due to faster rise in operating cost

South Korean companies delivered lower gross profits over the past five years despite a revenue increase mainly because ... read more

 Pulse News3 days ago
Daesung Group taps microbes for future energy solution

Daesung Group, a Korean conglomerate specializing in city gas and renewable energy solutions, has set its eyes on microbes as ... read more

 Pulse News3 days ago
No. of Vulnerable Households Unable to Pay back Debts Rises to 1.26 Mil.

A study said the number of vulnerable households that may be unable to pay back their debts has increased to 1.26 million. Of these, the number of high-risk families is in excess of 300,000. If short-term interest rates go up, the number may increase... read more

 Korea Economic Daily3 days ago
Harim Group opens its first pet food plant

South Korea??s leading livestock and animal feeding company Harim Group has finally made an inroad into the pet food industry, ... read more

 Pulse News3 days ago
Korea??s fledgling LCC Air Seoul beefs up flights and destinations

Air Seoul, late-comer budget carrier run by South Korea??s No.2 full-service carrier Asiana Airlines Inc., will start servicing ... read more

 Pulse News3 days ago
Monthly income of Korean employees averages at $2,884 in 2015

South Korean workers earned an average of 3.29 million won ($2,884) per month before tax as of 2015, with male workers paid 1.65 ... read more

 Pulse News3 days ago
S. Korean gov??t introduces plans to reduce mobile expenses

South Korea??s new government on Thursday announced measures that are expected to help households in the country save up to ... read more

 Pulse News3 days ago
Kia Motors tops J.D. Power Initial Quality Study for second year in a row

South Korea??s second-largest automaker Kia Motors Corp. ranked first place in an initial quality study (IQS) of new vehicles ... read more

 Pulse News4 days ago
Long-term unemployment rate in Korea hits a 13-year high

In another bleak picture of Korea??s job market and outlook, the country??s long-term unemployment rate hit a 13-year high in ... read more

 Pulse News4 days ago
SK Chemicals board okays transition to holding structure

South Korea??s SK Chemicals said on Wednesday its board has approved a demerger scheme to become a holding entity. SK Chemicals ... read more

 Pulse News4 days ago
Hanwha S&C to rid 40% stake held by princelings

Hanwha S&C Co., South Korean conglomerate Hanwha Group??s information technology (IT) solutions unit, is shedding holdings in ... read more

 Pulse News4 days ago
Hyundai Heavy takes more stock actions to meet holding transition

Hyundai Heavy Industries on Wednesday disclosed that its subsidiary Hyundai Mipo Dockyard Co. was selling its entire 7.98 ... read more

 Pulse News4 days ago
S. Korean govt mulls legislation to cut down medical indemnity insurance premiums

South Korea will seek a legal base to pressure private insurers to cut down premiums of their medical indemnity insurance to ... read more

 Pulse News4 days ago
Kyowon mulling IBM Watson-backed tutorial service

Big data-backed digital tutors are ready to arrive in South Korea as local education service provider Kyowon Co. is mulling to ... read more

 Pulse News4 days ago
Massive short selling in NCSoft draws investors?? fury and regulatory probe

South Korean online game giant NCSoft Corp. seeking another jackpot through the mobile version of role-playing blockbuster ... read more

 Pulse News4 days ago
Kia Motors Unveils Brand-new SUV Stonic in Europe

Kia Motors showed off its soon-to-be-released compact SUV Stonic in Europe. The Stonic is scheduled to be rolled out next month. Kia Motors Europe held a Stonic media preview event for major European media in Amsterdam in the Netherlands on June 2... read more

 Korea Economic Daily4 days ago
Prospect for Petrochem and Oil Refining Stocks Gets Dim

The repercussions of oil price drops are sending shock waves to Korea's stock markets. As analysts predicted that the oil market is likely to enter a long-term downturn, the prospect for oil refining and petrochemical stocks that have benefited from ... read more

 Korea Economic Daily4 days ago
No. of Foreign Nationals Residing in Korea Exceeds 2 Mil. in 2016

Of the foreign nationals residing in Korea, those from Vietnam were ranked second after China. The number of foreign nationals staying in Korea surpassed 2 million for the first time last year, accounting for about 4 percent of the total population o... read more

 Korea Economic Daily4 days ago
Toshiba names state-backed Bain group with SK Hynix for NAND sale

Japan??s cash-strapped Toshiba Corp. picked a government-led sundry and multinational group comprising of investors and even ... read more

 Pulse News5 days ago
LG Electronics reinforces mobile division to fuse TV success into smartphone biz

LG Electronics has launched an organizational realignment by creating two business units under Mobile Communications in hopes to ... read more

 Pulse News5 days ago
KCC expands gypsum board production line to become industry leader

South Korea??s building and industrial materials maker KCC Corporation said on Wednesday that it has completed construction to ... read more

 Pulse News5 days ago
Korea??s exports up 24.4% on year in first 20 days of June

Korea??s exports until June 20 this month have gained 24.4 percent on year for a dramatic turnaround from a 12.2 percent plunge ... read more

 Pulse News5 days ago
SM Group??s Woobang E&C picked as preferred bidder to buy Keangnam Enterprises

South Korea??s Woobang Engineering & Construction (E&C) Corp., owned by Samra Midas (SM) Group, has won the priority right to ... read more

 Pulse News5 days ago
LG to launch ` transparent knock-on magic space?? refrigerators in 50 countries this year

South Korea??s LG Electronics announced on Monday it will launch LG SIGNATURE refrigerators with a transparent knock-on magic ... read more

 Pulse News5 days ago
Samsung??s Galaxy Note8 to unpack on Aug. 23 or 24

Samsung Electronics Co. revealed on Tuesday its new flagship Galaxy Note 8 will debut in New York toward the end of August ahead ... read more

 Pulse News5 days ago
Samsung BioLogics expands out to contract drug development market

Samsung BioLogics Co., biopharmaceutical business arm of Samsung Group, is set to add contract drug development service to its ... read more

 Pulse News5 days ago
Kumho Tire creditors warn of no more rescue if buyout to Doublestar falters

Korea Development Bank and other creditors of Kumho Tire have warned its former parent group that they will no longer come to ... read more

 Pulse News5 days ago
Coway to test run robotic air purifiers in Korea??s major airports

Coway Co., Korea??s leading manufacturer of water and air purifiers, will within the year deploy robotic air purifiers that move ... read more

 Pulse News5 days ago