True Balance

Asset management Korea Investment & Securities to sell Goldman Sachs funds

Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering...

Business & Politics Samsung's Lee meets with Xi amid Beijing’s balancing act vs Washington

Samsung Electronics Co. Chairman Lee Jae-yong, along with other global tech leaders, met with Chinese President Xi Jinping in Beijing on Friday as C...

Retail E-Land manages New Balance’s record $689 mn in Korean sales

South Korea’s retail giant E-Land Group has achieved 1 trillion won ($689 million) in Korean sales of the global sports footwear and apparel b...

Electronics Samsung 2024 TVs earn VDE certification for picture quality

Samsung Electronics Co. said on Monday that seven of its 2024 TV models, including Neo QLED 8K and Neo QLED series, have received picture quality ...

Food & Beverage Jollibee to acquire Korea’s Compose Coffee in $340 mn deal

Jollibee Foods Corp., the Philippines’ largest fast-food chain, is set to take over a majority stake in Compose Coffee Co., South Korea’...

Infrastructure Infrastructure secondaries continue to rise amid inflation: Stafford

Secondaries have become one of the most sought-after assets amid market uncertainty as they provide early exit opportunities and portfolio diversifi...

Korean food Korea’s ramen exports on course to reach $1 bn in 2024

South Korea’s instant ramen noodle exports soared to a record monthly high in February, data showed, on course to hit the $1 billion mark in 2...

Leadership & Management HD Hyundai aims to double number of female employees by 2030

HD Hyundai Co., the world’s largest shipbuilding group, will introduce a childcare leave system to make the male-dominated conglomerate an att...

Foreign exchange Koreans’ US dollar selling spree continues in anticipation of weaker USD

US dollar investors in South Korea have not backed down from their shorting position of the currency despite the strengthening dollar against the Ko...

Business & Politics Korea’s trade deficit with China runs deep; chip support required

Just like its neighboring countries in Asia, South Korea’s economic growth has long been swayed by the ups and downs of China, which heavily r...

Leadership & Management Samsung Elec joins global 4-day workweek push for work-life balance

Samsung Electronics Co. is joining the global four-day workweek move, albeit only partially, under its chief Jay Y. Lee’s leadership that emph...

Economy S.Korean growth outlook dims on increased trade deficit

South Korea’s exports are on course to drop for the eighth consecutive month as they declined in the first 10 days of May, data showed on Thur...

Economy S.Korea in March posts first current account surplus in 3 months

South Korea in March posted a current account surplus for the first time this year thanks to a surge in the dividend account that offset continuous ...

Tech, Media & Telecom LG Electronics expedites global B2B push with signage displays

LG Electronics Inc., South Korea’s electronics giant, is betting big on digital signage displays as part of its global B2B push to offset weak...

Foreign exchange S.Korea-Australia renew $8.1 bn currency swap deal for 5 years

The Bank of Korea (BOK) and the Australian Central Bank have agreed to extend the valid date of the current Australian dollar/won currency swap cont...

Sovereign bonds S.Korean institutional investors inject more capital in MMFs

South Korean institutional investors, such as pension funds, mutual aids and corporates, are rushing to money market funds (MMFs) for short-term pro...

Banking & Finance Shinhan Bank to completely scrap mobile, online balance transfer fees

Beginning on New Year's day, Shinhan Bank started waiving all balance transfer fees to other bank accounts and automated transfer fees for its mobil...

Petrochemicals GS Caltex seeks balanced growth with $2 billion new olefin complex

GS Caltex Corp., South Korea’s second-largest oil refiner, said on Friday it has completed the construction of a 2.7 trillion won ($2 billion)...

Alternative investments We’re in a ‘range of fairness’ in terms of normal balances: Howard Marks

When Oaktree Capital Management Co-Founder and Co-Chairman Howard Marks appears on TV, he is often asked whether to embrace a risk-on or risk-off st...

Economy Korea trade deficit jumps as chip exports fall on Aug. 1-10

South Korea suffered from a larger trade deficit in the first 10 days of the month as semiconductor exports declined on weaker demand for memory chi...

Shipping & Shipbuilding Hanwha Power develops first homegrown compressor for LNG gas carriers

Hanwha Power Systems Co., a South Korean energy equipment company, said on Friday it has completed joint development of a boil-off gas (BOG) compres...

Foreign exchange Surging dividend outflows to hit Korea's current account balance, won

Dividend payments of foreign companies operating in South Korea have nearly doubled and the repatriation of profit to their headquarters is expected...

Economy Korea’s 2021 current account surplus misses BOK forecast

South Korea’s current account surplus last year missed the central bank’s forecast as higher raw materials prices boosted imports of Asi...

Economy Korea’s record trade deficit stirs capital outflow fears

South Korea reported the largest trade deficit on surging raw material prices in January, string worries that capital outflows from Asia’s fou...

Batteries LG Energy: Will joining indices rescue stock from its plunge?

  LG Energy Solution Ltd., the world’s No. 2 battery maker, will gain quick entry to two MSCI indices in mid-February as well as join Ko...

Economy S.Korea's Oct c/a surplus down 40% on oil price rises

South Korea's current account surplus in October narrowed by 40% from a year earlier, with the rapid rise in crude oil and raw material prices offse...

Monthly trade infographics S.Korea's IP trade balance swings to black in H1 2021

Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...

Philanthropy MBK chair says philanthropy, writing are equally important in his life

Michael ByungJu Kim, founder and chairman of Korea’s largest private equity firm MBK Partners, will donate 30 billion won ($26 million) to the...

Korean startups PigUp targets MZ consumers with new meat culture

South Korea's island of Jeju is famous for its native citrus and pork. It's also where Shin Woo-sup, the founder of startup studio Futurera, came up...

Fintech SoftBank-backed Balance Hero raises $10 mn in debt funding from India

South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...