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Earnings Samsung’s Q4 profit misses expectations; Stock rises

Samsung Electronics Co. flagged weaker-than-expected earnings for the last quarter of last year due to a fall in memory chip prices and soft demand ...

Foreign exchange NPS incurs $500 million in missed gains due to improper forex hedging

The National Pension Service (NPS), South Korea’s state-run pension fund and the country’s largest institutional investor, has likely in...

Aerospace & Defense Korea’s HD Hyundai, Hanwha fail to win $7.3 bn Australian navy deal

HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. failed to win a $7.3 billion deal to build frigates for the Australian Navy, industry sources a...

Airlines Zero-sum fears arise in S.Korean airlines’ game of chicken

South Korea’s air carriers are fiercely vying for lucrative or untapped routes in a game of chicken to shore up their falling profit, raising ...

Earnings Coupang to keep investing against Chinese players despite loss

Coupang Inc., South Korea’s No. 1 e-commerce platform facing fierce competition from Chinese rivals, dipped into the red in the first quarter,...

Earnings LG Electronics posts record 2023 sales, Q4 profit misses forecasts

LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, although its fourth-...

Supply chain China’s urea halts raise specter of another logistics crisis in Korea

China has halted customs clearance on its exports of urea, a substance used to reduce carbon emissions in diesel vehicles, raising the prospect of a...

Electric vehicles France’s new EV subsidy bill may violate Korea-EU FTA: KITA

The South Korean auto industry has called for an amendment in France’s new subsidy policy for electric vehicle purchases after voicing concern...

Earnings LG Elec Q2 profit misses forecast on costs; stocks tumble

LG Electronics Inc., the world’s leading home appliance maker, missed quarterly profit projections due to one-time costs related to job cuts, ...

Korean stock market S.Korea’s hottest stock EcoPro may miss invitation from MSCI Korea in May

Cosmo Advanced Materials & Technology Co. and Hanwha Aerospace Co. are expected to join the MSCI Korea Index next month but South Korea’s ...

Economy Korean economy unlikely to rebound in H2; BOK may keep rate

South Korea’s economy is unlikely to rebound in the second half as exports are expected to stay weak on the sluggish global semiconductor indu...

Shipping & Shipbuilding Hanwha's takeover of DSME likely to get conditional approval

South Korea's Fair Trade Commission (FTC) on Monday said it is discussing corrective measures with Hanwha Group over fears that the conglomerate's a...

Artificial intelligence S.Korean startup Jobis&Villains expands to UK with tax return service

Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...

Electronics LG Electronics plans sales blitz on US market for induction ranges

LG Electronics Inc. this year has launched an all-out sales offensive for induction ranges and cooktops in the US, the world's leading market for pr...

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...

Earnings HMM’s operating profit to fall 80% in 2023 on easing freight rates

South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in cont...

Earnings Korean listed firms’ Q4 results miss forecast by big margin

Weak demand from a global economic slump took a big toll on South Korean companies in the fourth quarter of last year, making many of them miss earn...

Korean stock market Korea Shipbuilding & Offshore Engineering ends fears over stock overhang

Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...

Korean startups S.Korean cloud startups get funding despite recession fears

The contraction of South Korea's investment market has not stopped startups specializing in software as a service (SaaS) to attract funds given that...

Markets Leading S.Korean trade body, 31 brokerages urge delay in financial investment tax

South Korea's Korea Financial Investment Association and 31 domestic securities companies on Sunday released a joint statement urging a delay in the...

Earnings Samsung Q3 earnings disappoint on weak chip business

Samsung Electronics Co., the world’s top memory chipmaker, missed third-quarter earnings estimates on the weak semiconductor business and its ...

Foreign exchange Falling won yet to cool Koreans’ fever for overseas travel

The South Korean won has continued its decline to hit lows not seen since the 2008-09 global financial crisis on sustained concerns of an economic d...

Bio & Pharma Korean bio firms look to pills, patches for people who fear needles

Getting shots of a drug or vaccine over a long period is not easy for many people.That's probably why global biopharmaceutical companies and biotech...

Private equity Growing sense of déjà vu of 2008 global financial crisis

Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...

Business & Politics Seoul suspends new antitrust bill on trade conflict fears

South Korea has postponed the introduction of a new law aimed at expanding its authority beyond Korean entrepreneurs, people familiar with the matte...

Foreign exchange Korean won forecast to weaken further after hitting 13-year low

The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...

Foreign exchange Korea won at 13-year low on recession fears amid tightening

South Korea’s won hit a 13-year low, weakening past the psychologically important 1,300 per US dollar level for the first time since the 2008-...

Earnings Kakao CEO vows messenger app reform as Q1 misses forecasts

South Korea’s leading online platform operator Kakao Corp. plans to drastically change the way KakaoTalk, the country’s top mobile messe...

Earnings Naver to cut costs for profitability after disappointing Q1

Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...

War in Ukraine Korean inflation fears grow amid Ukraine crisis

Fears are growing over accelerating inflation in South Korea as Russia’s invasion of Ukraine boosted energy and raw materials prices. The cris...