The Korea Economic Daily Global Edition (KED Global) is a digital media platform where news and analysis on Korean companies, industries, and financial markets are delivered to the readers around the world in 3 different languages. It also provides exclusive intelligence on Korean institutional investors' asset allocation as well as future investment plan and newest M&A deals. It is the ultimate guide for investors, business partners, buyers and global asset managers seeking opportunities for investment and business in Korea.
The Korea Economic Daily Global Edition is produced, operated, and serviced by KED Global News Network, one of the subsidiaries of The Korea Economic Daily.
To our readers
‘Korea Does Matter.’ This phrase was one of many candidates for the name of our new service for non-Koreans. Although we ended up using our existing brand The Korea Economic Daily with the tagline ‘Global Edition’, I still think ‘Korea Does Matter’ is a good name because this country really does matter.
I’m not talking about the Miracle of Han River story, or about South Korea transitioning from a recipient to a donor state and so forth. Of course, we’re proud of those miraculous achievements led by our post-war baby boomer generation, but they are stories from the past.
What I want to talk about is that Korea is a land of opportunity. And that is why we’ve decided to start this unprecedented multilingual news service covering Korea’s businesses, investors, markets and culture for global readers.
Since the market cap of Korea’s stock market is only 2% of the global stock market, foreign institutional investors allocate only 2% of their equity exposure to Korean companies. They don’t feel the need to research Korean companies other than Samsung Electronics, SK Hynix, Hyundai Motors and LG Chem.
That’s probably why global news outlets based in Seoul mostly follow Samsung and North Korea. Samsung is undoubtedly a great company, but there are many more valuable companies in Korea in terms of innovation, technology and value proposition. The problem is accessibility to information.
In the course of downsizing after the 2008 global financial crisis, global media outlets have reduced the number of Seoul based reporters as well as reporters in other regions.
Meanwhile, the number of newsworthy companies in Korea has increased explosively. 10 years ago, Korea mainly boasted a diversified portfolio of manufacturing businesses, and most non-manufacturers were local players. Now Korea has Internet, bio, software, entertainment, game, food, beauty & fashion businesses that have taken over the world.
Unlike Palo Alto, California, there are no garages to start up a company but innovation happens and creativity grows here in Korea. I would say it’s another miracle when you think about Korea’s rigid and hierarchical education system.
Those new businesses, however, rarely get a chance to be introduced to the global audience through global news outlets. And this is the arbitrage for us. Korea Economic Daily is a local business newspaper, but we’ve decided to go global to leverage the arbitrage.
We plan to curate interesting business stories ranging from startups, SMEs, hidden champions to conglomerates for our global audiences. You can discover opportunities to invest in, do business with, and collaborate with companies that embrace open innovation.
Korea has a high rate of household savings compared to other countries, and the accumulated savings in various pension funds, bank, and insurers translate into opportunities for the global investment community.
Korea’s National Pension Service alone manages more than $700 billion and they are driven to invest abroad since the domestic market is too small. Korea Investment Corporation, the country’s sovereign wealth fund, is required to allocate 100% of its more than $150 billion assets to overseas market. Korea Post which manages $120 billion also aggressively invests abroad.
In addition to the three funds mentioned above, there are also teacher’s pension, government employment pension, credit unions, mutual aids, banks and insurers that have rapidly expanded their overseas portfolio.
Korea-based investors’ increased investments into overseas assets will provide more opportunities for global asset managers, investment banks, brokers, advisors and attorneys. We launched Korean Investors for this reason in 2016, and the service will continue to be a big part of this fresh news outlet offering much more sophisticated content.
In culture & trends, you will realize that BTS and Parasite didn’t come out of nowhere. Before them, there were numerous artists, filmmakers, directors, fashion designers, chefs, restaurateur and trendsetters whose talents and original content grabbed global attention.
In short, what we’re trying to do is to minimize information asymmetry for non-Korean readers so that both Korean and non-Korean businesses can thrive and markets can become more efficient. That’s a good enough reason to start a new business news outlet. We hope you enjoy.
With warmest regards,Chang Jae Yoo
The Korea Economic Daily Global Edition
The Korea Economic Daily (KED) is one of the most subscribed business newspapers in Korea with daily circulation of 500,000. Since 1964, KED has advocated free market economy and business friendly environment with “Promotion of Democracy and Market Economy” as its founding philosophy. It has been the authority on business, finance and investment news in Korea, and also covers politics, culture, lifestyle, health and sports.
KED owns 12 subsidiaries including pay TV, magazine, book publishing, education and leisure sports companies, and has partnership with The Wall Street Journal and The China Economic Daily.
KED Global News Network
Address 14F, Korea Economic Daily Bldg., 463, Cheongpa-ro, Jung-gu, Seoul (04505), Korea