Why foreign investors continue to be net buyers despite short selling ban
Foreign nationals pick up W2.62tr of Kospi shares over past month, with Samsung, SK hynix as top picks Contrary to concerns that the short selling ban would lead to an exodus of foreign funds, offshore investments have flooded into Korea over the past month backed by dovish expectations on US intere
Dec. 3, 2023 - 15:37:07
KG Mobility looks to turn to annual profit for 1st time in 7 years
Korean SUV specialist rides upbeat exports, strong sales of Torres KG Mobility is hoping to finish 2023 strong to end the year with a profit for the first time since 2016 on strong sales overseas and the automaker’s bestselling sport utility vehicle Torres. According to a regulatory filing, the Kore
Nov. 30, 2023 - 16:18:17
Hyundai to sell vehicles on Amazon in US sales push
Carmaker becomes first legacy brand to go online; Dealer incentives to focus more on EV sales Hyundai Motor Group’s cars will be sold online through Amazon for the first time in the US next year, offering an opportunity for the world’s third-largest carmaker to ramp up sales in the all-important mar
Nov. 27, 2023 - 15:43:12
Why Hyundai Motor is pursuing future mobility in Singapore
Singapore is global innovation hub that attracts top talent, testbed for Southeast Asian market Hyundai Motor Group on Tuesday held a grand opening ceremony for the Hyundai Motor Group Innovation Center Singapore, a non-traditional vehicle manufacturing facility filled with cutting-edge technologies
Nov. 23, 2023 - 15:45:43
Bank stocks falter amid windfall tax proposal
As banks face pressure to give back to society, some experts warn foreign investors could view govt. regulation as inconsistent A longstanding Korean market adage that “when the cold wind blows, it‘s time to invest in bank stocks” appears to have lost its luster, as those shares have struggled due t
Nov. 23, 2023 - 13:32:39
Why Apple‘s iPhone15 is selling better in Korea than China, Japan
Along with hefty cash incentives, Apple Pay, recording app drive iPhone sales on Galaxy‘s home turf Apple’s latest iPhone 15 series is enjoying more popularity than its predecessor in Korea, bucking the lukewarm sales trend in neighboring countries such as China and Japan. Sales of the latest iPhone
Nov. 22, 2023 - 15:46:19
Kakao Mobility seeks breakthrough in Europe amid rising scrutiny at home
Platform giant reportedly in talks to buy operator of Europe’s No. 1 taxi-hailing app Kakao Mobility, the operator of South Korea’s leading taxi-hailing service Kakao T, seems to be seeking new opportunities in Europe as it faces growing scrutiny here. According to industry sources on Monday, the co
Nov. 20, 2023 - 15:37:43
Chinese battery makers gobbling up Korean rivals’ European market share
Amid slowing EV sales, Korean firms adjust production volume, brace for price war against cheaper Chinese batteries Amid a supply glut at home, Chinese battery makers are extending its reach deeper into Europe, the world’s second-largest market for electric vehicles where their Korean rivals used to
Nov. 14, 2023 - 20:06:22
End of Chinese tourist boom?
Younger Chinese tourists shun tour group packages, prompting Korean retailers to reshape business strategy South Korea‘s tourism and retail industries have long been dependent on China’s big spenders traveling to the country in tour groups. So when the Chinese government lifted a travel ban on group
Nov. 9, 2023 - 16:54:53
Why do Woori, NongHyup hold on to North Korean operations?
Despite soured inter-Korean relationship, South Korean banks see potential benefits of maintaining business licenses with minimal costs In the basement of its Seoul headquarters, South Korean lender Woori Bank has been running a small office that temporarily replaces its branch in North Korea since
Nov. 7, 2023 - 12:05:30
Korean Air-Asiana merger may gain traction, yet challenges linger
Asiana’s cargo business in search of new owner; US, Japan regulators pay keen attention to European Commission decision Korean Air‘s acquisition of Asiana Airlines got a step closer to getting antitrust approval from the European Commission, as the nation’s largest air carrier submitted a revised me
Nov. 5, 2023 - 16:29:40
Why ruling party wants to incorporate Gimpo into Seoul
PPP takes surprising move to propose adding Gimpo, politically dominated by opposition party; experts worry about overpopulation issues The ruling People Power Party has said it will push to incorporate neighboring cities like Gimpo into Seoul, arguing Seoul needs a size upgrade to “create a megacit
Nov. 1, 2023 - 18:30:20
Can humans catch lumpy skin disease?
The disease only spreads among cows, according to experts Despite efforts being made by South Korean cattle farmers and the government to contain the outbreak of lumpy skin disease, concerns are growing over the contagious viral infection. Authorities and officials stressed that the disease does not
Oct. 30, 2023 - 15:22:34
Card firms increasingly hesitant over Apple Pay
Uncertain impact of Apple Pay on attracting new customers complicates card firms‘ decision To grab a bit of Apple or leave it on the shelf? That‘s the question that has been lingering among card companies here since Apple Pay was launched in Korea in March with initial local partner Hyundai Card. He
Oct. 29, 2023 - 15:21:12
A look back on Lee Jae-yong‘s first ’New Samsung‘ year
Marking 1st year as chairman, Samsung chief has his hands full with hot-button issues Friday is the first anniversary of Samsung Electronics Executive Chairman Lee Jae-yong‘s official ascension to the top post at Korea’s largest conglomerate. Over the past year, the Samsung chief conducted various m
Oct. 26, 2023 - 16:25:08