Winter Looms

K-pop K-pop exports boom as end of Chinese K-wave ban looms large

Exports of Korean popular music, or K-pop, have seen a significant surge in recent months, driven by increasing demand from China and Japan, accordi...

Business & Politics Korea sees record February auto exports before looming Trump tariffs

South Korea enjoyed record February auto exports on strong demand in the US ahead of its looming tariffs, the government said on Tuesday, while the ...

Mergers & Acquisitions Meritz drops bid for troubled MG Non-Life Insurance; Liquidation looms

Meritz Financial Group Inc., South Korea’s second-most valuable financial holding firm, has dropped its bid to acquire financial distressed MG...

IPOs South Korean IPO market headed into winter after pitiful LG CNS debut

Companies in South Korea are expected to refrain from seeking initial public offerings for a while after the country’s much-anticipated new bl...

Economy Korea’s 2024 exports hit all-time high, driven by chips, shipments to China

South Korea’s exports, the country’s main growth driver, reached an all-time high in 2024, buoyed by strong semiconductor exports and a ...

Korean chipmakers Chip winter looming? Micron, Samsung give opposite views

Micron Technology Inc. on Wednesday delivered stronger-than-expected quarterly results and gave a bullish outlook for the current quarter, shrugging...

Korean chipmakers Analysts rebut Morgan Stanley’s chip winter view; oversupply unlikely

Morgan Stanley’s recent view that the global chip industry faces an imminent winter and companies like SK Hynix Inc. will suffer is exaggerate...

Economy Korean banks raise mortgage rates despite looming rate cut

South Korean banks are raising mortgage rates again as the government strives to curb household debt growth that grew at its sharpest pace in three ...

Banking & Finance Liquidity crisis looms at S.Korea’s M Capital amid project financing debacle

South Korea's financing and finance leasing firm M Capital Co. is facing a growing risk of liquidity crunch as its attempts to refinance maturing de...

The KED View Shinsegae’s day of reckoning looms for online ambitions

Back in 2021, South Korea’s retail titan Shinsegae Inc. beat its archrival Lotte Shopping Co. to purchase Gmarket and Auction, the country's t...

Upcoming IPOs Overhang concerns loom over HD Hyundai Marine IPO shares

Concerns are growing that South Korea’s main stock bourse could be inundated with a huge number of HD Hyundai Marine Solution Co. shares next ...

Korean startups Big Tech engineers rush to Korea’s AI chip startups as potential looms

Big Tech engineers are flocking to South Korea’s promising startups specializing in artificial intelligence chips, a fast-growing sector in th...

Korean stock market Korea’s ELS market to stagnate after HSCEI debacle: KOFIA chairman

The Korea Financial Investment Association (KOFIA) will go all out to minimize any adverse effects on the South Korean financial market from an anti...

Research & Development KAIST, MIT jointly open Quantum Winter School

The Korea Advanced Institute of Science and Technology (KAIST) announced on Monday that it is partnering with the Massachusetts Institute of Techn...

Construction & Planning Daewoo E&C opens theme park Ice Jungle in Phu Quoc

South Korea's Daewoo Engineering & Construction Co. (Daewoo E&C) opened the digital theme park Ice Jungle in its ongoing luxury residential ...

Earnings S-Oil basks in hefty Q3 profit, expects strong winter demand

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., said on Monday it swung to a net profit in the third quarter from a loss the year earli...

Steel South Korean steelmakers face longer winter

South Korean steelmakers, including the world’s sixth-largest steelmaker POSCO, are facing a longer-than-expected winter in steel demand as th...

Travel & Leisure S.Korea releases winter schedule for weekly int’l flights

South Korea will expand its number of weekly flights this winter to Japan and Southeast Asia, two regions expected to have high demand that season, ...

Batteries S.Korean battery trio face union risk in US after Ultium Cells’ wage deal

South Korean electric vehicle battery majors’ plan to run more than 10 EV battery manufacturing plants in the US may hit a snag due to the loo...

Korean startups Korean startups opt for Konex, loans for survival during IPO winter

South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...

Travel & Leisure Designer of 2018 Winter Olympic cauldron returns with solo golf cart

Personal space has become more important since the COVID-19 pandemic swept the world, and one South Korean-led industrial design company has develop...

Korean chipmakers SK Hynix seeks to raise $373 million as chip recovery looms large

SK Hynix Inc., the world’s second-largest memory chipmaker, is seeking to raise as much as 500 billion won ($373 million) in bank loans to sec...

Korean stock market China, India: Korean investors’ next stock investment targets

The US stock market has long been the prime investment destination for South Korean investors, lured by the dynamics of the global top economy.With ...

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...

Economy S.Korea confirms economic slowdown, recession concerns loom

The South Korean finance ministry on Friday confirmed that the country’s economy has slowed, mired in stubbornly high inflation and sluggish e...

Korean chipmakers Samsung considers chip output cut as first-quarter loss looms large

Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the company is heading ...

Electronics LG OLED evo selected as best product in Japan

LG Electronics Inc.'s OLED evo was selected as the best product by Japan's most well-known audio and video publications.The South Korean company sai...

Electronics Kiturami's carbon mats, hot ticket in Korea this winter

Convenience and less heating costs have been changing the shape of South Korea's heated mat market which has been traditionally led by electric mats...

Foreign exchange Korea’s mounting trade deficit knocks won to 13-year low

South Korea’s won has hit the weakest level since the 2008-09 global financial crisis on a mounting trade deficit while growing concerns over ...

Blockchain S. Korea's digital asset exchange operators bulk up despite crypto winter

Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...