reserves

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...

Cryptocurrencies Korea seeks tighter control over digital coins, mulls mandatory disclosures

South Korea plans to tighten its controls over cryptocurrency trade in the country by mandating information disclosures for listed virtual assets an...

Foreign exchange South Korea’s forex reserves drop to 5-year low in 2024

South Korea’s foreign exchange reserves shrank to a five-year low at the end of last year after the country’s foreign exchange authoriti...

Korean startups Catchtable to offer restaurant reservation service in Japan

Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, launched the beta service for off...

Economy S.Korea's foreign reserves amount to $415.4 bn in Nov

South Korea's official foreign reserves at the end of November amounted to $415.4 billion.According to the Bank Of Korea (BOK) on Wednesday, the nat...

Corporate bonds Korean companies’ cash reserves swell to record high

Cash holdings at South Korean companies have soared to a record-high level, data showed on Monday. Companies are stepping up efforts to raise cash t...

Banking & Finance Mirae Asset's retirement pension reserves rise by $2.9 bn in 2024

South Korea's Mirae Asset Securities Co. said on Tuesday that its defined contribution (DC) retirement pension and individual retirement pension (IR...

Sovereign wealth funds Sovereign wealth fund KIC shortlists three CEO candidates

South Korean sovereign wealth fund Korea Investment Corporation (KIC) has shortlisted three candidates as the next chief executive officer, who will...

Pension funds Korea mulls tripling NPS' advance dollar funding limit

South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...

Korean startups Korea’s Catchtable eyes offshore table reservation markets

Wad Corp., the developer and operator of South Korea’s most popular restaurant reservation app Catchtable, is considering offering Catchtable ...

Banking & Finance Korean savings banks swing to loss after 9 years

South Korea’s savings banks turned to the red after nine years in 2023 as they put aside heavy reserves on future loan losses, with their loan...

Central bank South Korea, odd one out in new global gold rush

South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...

Central bank South Korean central bank not to increase gold reserves

South Korea’s central bank does not plan to buy more gold for its foreign exchange reserves, although the monetary authority has not purchased...

Supply chain South Korea to support urea purchases outside China, boost reserves

The South Korean government plans to offer financial support to domestic companies when they import urea, a substance used in diesel vehicles and fe...

Foreign exchange S.Korea’s forex reserves dwindle to lowest point in more than 3 years

South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local author...

Banking & Finance Woori Bank to add two new branches in India 2024

South Korea's Woori Bank plans to open two new branches in India in the first half of next year. The bank announced on Tuesday it has obtained ...

Korean startups Korea’s fertility startups gain traction with advanced technologies

South Korea’s fertility startups are garnering attention from investors with innovative technologies such as self-testing of ovarian health, s...

Travel & Leisure Cruise ship from China to visit S.Korea's Jeju Island on Aug. 31

Reservations for cruise ships visiting South Korea's Jeju Island are flooding in amid China's resumption of all group tours to its neighboring cou...

Machinery HD Hyundai Infracore opens online excavator store

South Korea's HD Hyundai Infracore Co. announced on Thursday that it has opened the first "Develon Online Store," an excavator online mall in the co...

Travel & Leisure MyRealTrip launches restaurant reservation service in Japan

South Korea's travel app MyRealTrip announced that it partnered with the Japanese accommodation and restaurant reservation platform Ikyu, becoming t...

Korean startups Catchtable raises $24 mn in Series D funding

South Korean startup WAD, the operator of a restaurant reservation service platform, has recently raised 30 billion won($24 million) in a Series D f...

Travel & Leisure Japanese travelers top list of reservations to visit Seoul during BTS Festa

Trip.com, a South Korean travel platform, announced on Wednesday that the most frequent overseas travelers to Seoul during the “BTS Festa&rdqu...

Electronics Samsung’s Galaxy Book3 series to take on Apple’s MacBook

In today’s connected world, the ultimate gadget consumers want brings together everything they need at any time, without hassle.Samsung Electr...

Corporate investment S.Korea Inc. ramps up cash reserves amid economic woes

South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...

Foreign exchange Korea's foreign exchange reserves last month see first rise in 4 months

Korea last month saw its first rise in foreign exchange reserves in four months amid monetary authorities selling the greenback to avert a sharp dep...

Leadership & Management Select Korean companies seek to raise cash reserves

Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...

Shipping & Shipbuilding Opportunity costs on the rise at Korean shipping firms

South Korea’s leading shipping companies are being used as funding sources for their parent groups’ business expansion or making up for ...

Bio & Pharma 1 in 4 biotech firms struggles with decreasing cash reserves

South Korea’s biotechnology firms – public and private alike –  are facing increasingly negative financial conditions. T...

Earnings Hyundai Heavy's KSOE posts $1.1 bn loss in 2021

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...

Batteries Korea Zinc to ditch low-key strategy to go beyond metal

South Korea's two non-ferrous metal product leaders Korea Zinc Inc. and Poongsan Corp. are tipped to report their record earnings in 2021, after str...