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Business & Politics US tariffs add risk premium to dollar assets: Maurice Obstfeld

WASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a glo...

Asset management Mirae Asset bets on China as Korean investors’ US focus draws concern

South Korea’s leading asset manager Mirae Asset Financial Group is increasingly unveiling China-focused investment products as Chairman P...

Central bank BOK stands pat; rate cut likely within 3 months as economic growth slows

The Bank of Korea (BOK) left its benchmark interest rate unchanged at 2.75% on Thursday, with Governor Rhee Chang-yong warning that a surge in globa...

Leadership & Management Small firms emerge as prime targets of management disputes in Korea

Small and medium-sized enterprises (SMEs) accounted for the majority of disputes over corporate management control in South Korea last year, with th...

Private equity Korean lenders to Accell warn they may boycott KKR

KKR & Co. is facing a huge backlash from South Korean financial services firms after the debt restructuring of Dutch bicycle manufacturer Accell...

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 ...

Automobiles Kia launches Sportage facelift to accelerate SUV boom

Kia Corp., South Korea’s No. 2 automaker, on Monday unveiled a facelift of its Sportage to boost the sport utility vehicle (SUV) craze in the ...

Mergers & Acquisitions MBK not to raise Korea Zinc tender offer price after regulator warning

MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision Corp. after hiking them twice ...

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...

Automobiles Kia releases 2025 Sorento

South Korea’s second-largest automaker Kia Corp. said on Monday that it released The 2025 Sorento, an updated version of its best-selling mid-...

Central bank BOK chief signals rate cut; warns of rising housing prices

The time is ripe to prepare an interest rate cut as consumer prices are holding around South Korea’s target of 2%. But it remains uncertain wh...

Corporate bonds Korea intensifies rules on CB conversion price adjustment

South Korea will strengthen regulations on the conversion prices of convertible bonds (CBs) to protect stakeholders from excessive share dilution, t...

Business & Politics Naver to submit remedies to Japan without A Holdings stake sale

LY Corp., the operator of Japan’s popular messenger app Line, is expected not to propose Naver Corp.’s stake sale in its largest stakeho...

Korean chipmakers Samsung to receive over $6 bn in US chip subsidies, eyes extra investment

South Korean tech giant Samsung Electronics Co. is expected to receive more than $6 billion in US chip subsidies as the Joe Biden administration is ...

Korean stock market Korean banks stop ELS sales after HSCEI debacle

South Korean banks are scurrying to suspend the sale of equity-linked securities (ELS) after the country’s financial regulator said it may con...

Aerospace & Defense KAI inks support deals for exported fighter jets to Poland

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, agreed with Polish companies on follow-up support me...

Korean food, retail firms cut jobs as spending drops

South Korea’s food, cosmetics and retail companies, heavily reliant on domestic sales, are slimming down their workforce to survive a prolonge...

Supply chain Korea’s heavy dependence on China for raw materials deepens

While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...

Korean stock market Korea warns foreigners of stricter rules on illegal short selling

South Korea’s financial watchdog urged foreign brokerage firms to strengthen their internal control systems to ban illegal short selling on th...

Retail Japan's fever for Korean homegrown brands on the rise

Shimamura Co., Japan’s second-largest apparel company that runs around 2,200 stores nationwide, has dispatched a team of four buyers to Seoul ...

Central bank BOK warns of household lending risk on growth, inequality

South Korea’s central bank warned that household lending in the country has leaped to the world’s third highest and could hurt long-term...

Korean chipmakers SK Group chair sees semiconductor rebound in 6 mths to 1 yr

The semiconductor industry may be at the bottom of its cycle and is likely to turn around in six months to one year, in tandem with an expected econ...

Corporate strategy Samsung Electronics holds biannual global strategy meeting

Samsung Electronics Co. on Tuesday launched its three-day global strategy meeting, a biannual event held in June and December where major executives...

Artificial intelligence Scammers set to exploit ChatGPT hype with fake apps in S.Korea

OpenAI’s sensational chatbot service ChatGPT is finally available in South Korea after its official launch last week, but its devotees in the ...

North Korea S.Korea warns of stern response in case of N.Korea satellite launch

The launch of North Korea's first military reconnaissance satellite has entered a “countdown”. North Korea notified the Japanese governm...

The KED View Vietnam’s rise: An ominous sign for Korean chipmakers

Just a few years back, it was Taiwan that was on everyone’s lips in the semiconductor industry.The small East Asian island country, home to th...

Business & Politics Korean Chips Act revision hits roadblock as opposition lawmakers balk

The proposed revision to South Korea’s answer to the US CHIPS and Science Act has hit a roadblock as the main opposition party, which controls...

Mergers & Acquisitions Privatization of Korea’s top container line HMM to gain traction

South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...

Corporate strategy Korean business chiefs’ Year of the Rabbit messages: Keep investing

South Korea’s top business leaders on the first business day of the year stressed the importance of active investment and concentration of r...

Korean chipmakers Rep. Yang Hyang-ja criticizes 8% tax cut for chipmakers as step backward

South Korean politician Yang Hyang-ja, a Samsung Electronics Co. executive-turned-lawmaker, criticized her fellow lawmakers' decision to raise the p...