Louisiana Governor

Steel POSCO to invest in Hyundai Steel’s Louisiana plant

South Korea’s top steel maker POSCO has decided to invest in Hyundai Steel Co.'s first overseas plant in Louisiana and collaborate on research...

Steel Hyundai Steel picks Donaldsonville as $5.8 bn US plant site, seeks investors

South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mill, marking a major stra...

Energy Alaska governor seeks Korean partners for $44 bn LNG project

Alaska Governor Mike Dunleavy arrived in South Korea on Monday to hold a series of one-on-one meetings with top executives from Korean energy and st...

Steel Hyundai mulls building 1st overseas steel mill in Louisiana

WASHINGTON, D.C. – Hyundai Motor Group is considering building its first overseas steel mill in New Orleans, Louisiana, according to industry ...

Corporate restructuring Lotte to liquidate rubber JV in Malaysia, sell overseas assets for $1 bn

South Korea’s No. 2 petrochemical manufacturer Lotte Chemical Corp. plans to liquidate its rubber joint venture in Malaysia to scale back its ...

Central bank BOK's rate policy back to square one after GDP, Fed comments

TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the...

Business & Politics Trump confidant Arkansas Gov. Sanders in Seoul for trade talks

Sarah Elizabeth Huckabee Sanders, Arkansas governor and long-time confidant of former US President Donald Trump, has shown firm support for her form...

Corporate restructuring Korean builders scramble to ease liquidity crunch woes

South Korean builders in financial distress are struggling to alleviate concerns over a potential liquidity crisis, which could put the already aili...

Central bank BOK governor named chair of BIS financial system committee

Bank of Korea Governor Rhee Chang-yong has been appointed as the chairman of the Committee on the Global Financial System (CGFS) at the Bank for Int...

Foreign exchange Dollar/won in wildest swing in 13 yrs despite intervention

The South Korean won suffered its wildest fluctuation against the dollar this year since 2010, shrugging off heavy dollar-selling intervention by lo...

Banking & Finance Bank of Korea appoints new senior deputy governor

The Bank of Korea announced on Friday that it has appointed Ryoo Sang-dae, the current vice president of Korea Housing-Finance Corp., as its new s...

Economy BOK chief says aging without assets key challenge to S.Koreans

JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy a...

Central bank BOK keeps door open for another rate hike on Fed, debts

South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for...

Foreign exchange Yen breaches key level vs Korean won to hit 8-year low

The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...

Automobiles Governor of Louisiana visits Kumho Tire HQ in Seoul

South Korea's leading tire manufacturer Kumho Tire Co., Inc. announced on Monday that Louisiana Governor John Bel Edwards visited its headquarters i...

Central bank BOK chief defies rate cut calls amid sustained inflation

South Korean central bank chief on Tuesday defied calls for an interest rate cut this year despite growing risks of a recession in Asia’s four...

Leadership & Management LG Chem CEO named to head industrial body of World Economic Forum

South Korea's LG Chem Ltd. on Sunday said its CEO and Vice Chairman Shin Hak-cheol on Thursday will be named chair of the Chemical and Advanced Mate...

Economy Bank of Korea gives bearish outlook after rate hike

South Korea’s central bank on Friday raised interest rates by a quarter point to 3.5%, while signaling a further cut in its economic growth fo...

Central bank BOK takes another big step hike as weak won lifts prices

South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...

Central bank BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes

JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...

Economy Korea inflation hits highest point since 1998 crisis, BOK to hike rates

South Korea’s inflation accelerated further last month to its highest point since the 1997-98 Asian financial crisis, adding to expectations t...

Central bank BOK delivers first-ever 50-bp hike to curb inflation

South Korea’s central bank on Wednesday took the most aggressive measure with a 50-basis-point policy interest rate hike for the first time in...

Obituary Economist Cho Soon 'the Keynes of South Korea' dies at 94

South Korea’s former finance minister and central bank governor Cho Soon died at 94 of natural causes on Thursday.Cho, a renowned economist ca...

Central bank BOK steps up inflation fight with back-to-back rate hikes

South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb rampant consumer pri...

Central bank BOK governor nominee stokes slower rate hike expectations

South Korea’s nominee for its new central bank governor stoked expectations that the Bank of Korea may raise interest rates less than predicte...

Banking & Finance Bank of Korea raises interest rates, signals further hikes

South Korea’s central bank increased its policy interest rate for the second time in three months and signaled further hikes to stem rising in...

Economy BOK chief signals interest rate hike within 2021

The Bank of Korea needs to drop its accommodative monetary stance of the past two years and to begin raising interest rates from this year, the cent...

Central bank Bank of Korea governor sends stronger signal to raise rates this year

South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...

Central bank Bank of Korea governor flags rate hike as economy improves

South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...

Korean stock market BOK governor warns of abrupt stock market correction; holds rate steady

South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...