slump

Mergers & Acquisitions Korea’s top cinema chains seek merger to counter box office slump

South Korea’s two leading multiplex operators Lotte Culture Works Co. and Contentree JoongAng Corp. have tentatively agreed to merge in a bid ...

Beauty & Cosmetics K-beauty exports to China rebound after 4-month slump

South Korea’s beauty industry is showing signs of recovery in China, with exports rebounding after four months of decline.The turnaround follo...

E-commerce Luxury fashion platform Balaan files for court receivership amid slump

South Korea’s top luxury goods e-commerce platform Balaan Co. said on Monday it has filed for corporate rehabilitation with a Seoul court as t...

Food & Beverage AB InBev's Oriental Brewery buys Jeju Soju from Shinsegae

Oriental Brewery Co. (OB), a unit of the world’s largest beer company AB InBev, agreed on Wednesday to purchase Jeju Soju from Shinsegae L&...

Electronics Samsung cements TV market lead in Q1; LG tops OLED segment

Samsung Electronics Co. has retained the top spot in the global TV market in the first quarter of this year, cementing its lead in the ultra-large p...

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...

Corporate restructuring Taeyoung files for debt workout; offers to sell stake in KKR JV

South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...

Automobiles Hyundai Motor breaks out of 3-year slump in China

South Korea’s Hyundai Motor Co. has broken out of its slump in China, with its Chinese joint venture posting its first sales growth in four ye...

Korean chipmakers SK Hynix’s latest 1b nm DDR5 DRAM chip under Intel test run

SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Tuesday it has supplied its latest DDR5 DRAM...

Korean stock market S-Oil’s price target falls on worsening refining margin

Yuanta Securities Korea lowered its target price for S-Oil Corp. to 100,000 won ($75) from 110,000 won on Tuesday, saying the oil refining industry ...

Economy S.Korea logs biggest-ever current account deficit in Jan on export slump

South Korea reported its record current account deficit in January due to sluggish exports, the country’s key growth driver, and a widened tra...

The Deep Dive S.Korea’s love of luxury ushers in 3rd wave of bling boom

Global luxury brands from Louis Vuitton to Chanel and Thom Browne are readying themselves for a third wave of the luxury boom in South Korea, where ...

Economy Korea returns to current account surplus in Dec but faces export slump

South Korea’s current account balance returned to the black in December from the previous month mainly thanks to gains in dividend payments bu...

Alternative investments S.Korea's DLS incurring losses due to stock slump exceed $800 billion

South Korea's derivatives-linked securities that entered the knock-in or loss period due to stock slumps at home and abroad exceeded 1 trillion won ...

Supply chain Korea’s industrial losses balloon to $1.2 bn as truckers continue strike

South Korea’s manufacturing sector faces ballooning losses across industries as the trucker strike entered its eighth day on Thursday, disrupt...

Earnings HD Hyundai’s machinery units post profits despite slump in China

HD Hyundai Co., the holding company of South Korea’s Hyundai Heavy Industries Group, saw its two construction equipment affiliates post strong...

Beauty & Cosmetics K-beauty sales see sharp drop at China's major shopping event

South Korean cosmetics giants failed to win over Chinese consumers at the 618 Shopping Festival, one of the largest online annual shopping events in...

Earnings Amorepacific delivers disappointing Q1 results as China sales slump

South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...

Beauty & Cosmetics LG Household to lower reliance on Chinese market as shares slump

LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...

Batteries Rechargeable battery shares slump to lowest level in a year

Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...

Korean chipmakers Korean chipmakers tumble, wipe out $13 billion in market capitalization

Shares of South Korea’s two largest chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are slumping on a bearish industry ou...

Sightseeing flights S.Korean airlines turn to non-landing flights to tide over slump

South Korean airlines have set their sights on non-landing air travel services to draw in passengers in times of hardship, hoping to tide over the b...