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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...

Electric vehicles Half of EV imports in Korea run on Chinese batteries as EV fires rise

Of 58 electric vehicle models running on the streets of South Korea, 22 models are equipped with Chinese batteries, a survey showed on Friday.Accord...

Banking & Finance Shinhan Financial builds disaster response system

South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...

Banking & Finance S.Korea’s IBK, Japan’s Mizuho Bank agree on $218-million committed line

South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese lead...

Real estate Seoul aims to turn Yongsan IBD into world’s largest 'vertical' city

The Seoul Metropolitan Government plans to turn an abandoned train maintenance depot in the central district of Yongsan into the world’s large...

Business & Politics Govenment calls end to Korean financial group heads' long-serving posts

South Korean financial group chiefs will no longer enjoy automatic term extensions as the government is stepping up pressure on the groups to improv...

Business & Politics Former Hyundai Mobis CEO embarks on ISO president term

In a significant achievement for South Korea, Cho Sung-hwan, an advisor to Hyundai Mobis, has been elected as the first Korean president of the Inte...

Korean stock market KCGI Asset Management appoints former KIS head as new CMO

South Korea’s KCGI Asset Management, formerly Meritz Asset Management, announced on Friday that it has hired Cho Won-bok, former division head...

Energy KEPCO KPS signs O&M extension agreement for Uruguay power plant

South Korea’s KEPCO KPS signed an extension agreement with the Uruguayan Electricity Authority (UTE) on Wednesday for the operation and mainte...

Extension Notice of Share Sales in PT Bayan Resources Tbk

Extension Notice of Share Sales in PT Bayan Resources Tbk I. Overview of sale 1. As part of efforts to ensure a successful deal, we are extendin...

Entertainment Squid Game’s mega-hit spurs Netflix to release record K-content

Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...

Short selling S.Korea's short-selling ban may face second extension; longest to date

South Korea’s financial authorities and the ruling Democratic Party are likely to extend the country's ban on short selling for another three ...

Short selling Calls grow for further or indefinite extension of short-selling ban

South Korean retail investors are speaking out against the lifting of a one-year ban on stock short selling ahead of its resumption scheduled for mi...