Easy Swap

Foreign exchange South Korea’s forex reserves dip to nearly 5-year low in February

South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...

Artificial intelligence SK Telecom to secure stake in IonQ, forges quantum partnership

South Korea’s largest telecom company SK Telecom Co. will acquire about a 3% stake in IonQ Inc., the world’s first publicly traded quant...

Foreign exchange NPS initiates strategic currency hedging to unleash up to $48.2 billion

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, is set to beg...

Foreign exchange South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

Corporate restructuring Doosan to resume Bobcat, Robotics merger with new ratio

South Korea’s plant and machinery powerhouse Doosan Group will resume the merger of Doosan Bobcat Inc. and Doosan Robotics Inc. using a new me...

Pension funds Korea mulls tripling NPS' advance dollar funding limit

South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...

E-commerce Korean grocery delivery platform Oasis to buy e-commerce 11Street

South Korean grocery delivery platform Oasis Corp. is poised to acquire the country’s leading e-commerce operator 11Street Co. to ramp up its ...

Foreign exchange Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

Batteries Hyundai, LG Energy to jointly develop EV battery swapping service

South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...

Private equity Affinity fails in Lock&Lock tender offer; eyes equity swap

Hong Kong-based Affinity Equity Partners is planning for an equity swap between its new entity and South Korean food container maker Lock&Lock...

Central bank S.Korea-Malaysia central banks renew currency swap agreement

Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...

Airlines Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit

South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...

Regulations Samsung faces dubious suit every 5 days from US patent trolls

South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the ...

Batteries LG Energy accelerates EV battery swapping services

Kooroo, the first in-house venture of the world’s second-largest electric vehicle battery maker LG Energy Solution Ltd., said on Tuesday it is...

Foreign exchange S.Korea, Japan seal 3-year $10 bn currency swap deal

South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...

E-commerce SK gives up e-commerce platform management

SK Group, South Korea's No. 2 conglomerate, gave up its online retail platform 11Street Co. as financial investors are now able to sell off their st...

E-commerce SK Square pauses talks with Qoo10 over 11Street deal

SK Square Co., an investment arm of South Korea’s No. 2 conglomerate SK Group, has suspended negotiations with Singapore-headquartered e-comme...

Chemical Industry Kumho Petrochem, POSCO look to carbon nanotube JV, share swap

South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...

Foreign exchange S.Korea, Japan to resume bilateral currency swap for dollars

South Korea and Japan are set to revive their bilateral currency swap line to bolster their dollar liquidity this week after an eight-year suspensio...

Korean games Nexon's oldie but goodie MapleStory beats Diablo 4 in Korea

Gaming Giant Nexon Co.’s 20-year-old title MapleStory knocked down US Blizzard Entertainment’s global-hit Diablo 4 in South Korea, helpi...

Foreign exchange S.Korea to discuss bilateral currency swap with Japan

South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...

Bio & Pharma Celltrion’s Remsima SC praised in Europe as preferred biosimilar

MILAN – South Korea's biopharmaceutical company Celltrion Inc. is known in Europe for its biosimilar products such as autoimmune disease treat...

Fintech BC Card, KTO to promote mobile payment for foreign tourists

The Korea Tourism Organization (KTO) has announced a new partnership with BC Card and the Korea Easy Payment Foundation to introduce a mobile paymen...

Automobiles Hyundai Mobis test-drives 'crab walking car' on public roads

South Korea's Hyundai Mobis has verified through test-drives of a demonstration vehicle on public roads the real-life use of the company's e-corner ...

Energy KOGAS, JERA of Japan agree to jointly purchase LNG

South Korea's state-run Korea Gas Corp. (KOGAS) has joined hands with JERA, a Japan-based global liquefied natural gas (LNG) corporation, in the wak...

Tech, Media & Telecom CJ OliveNetworks launches API marketplace platform API Plex

CJ OliveNetworks, an ICT subsidiary of South Korea's CJ Group, said on Tuesday that it has launched an application programming interface (API) marke...

Foreign exchange S.Korea-Indonesia central banks renew currency swap agreement

Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...

Pension funds Inflation casts shadow over S.Korea NPS' hedging strategies

South Korea’s National Pension Service (NPS), with 920.4 trillion won ($694.6 billion) in assets as of November 2022, faces growing concerns o...

Tech, Media & Telecom BC Card shows one-stop payment int'l network at MWC 2023

BC Card, the only credit card company from South Korea taking part in this year's Mobile World Congress (MWC) in Barcelona, Spain, is displaying at ...

Korean startups 3D content specialist NdotLight attracts $6 million

3D content technology startup NdotLight Co. said Wednesday that it has raised 8 billion won ($6.3 million) in Series A funding.IMM Investment, Naver...