South Korean shipbuilders are in talks with Qatar for expected $6.6 billion deals to manufacture additional liquefied natural gas (LNG) tankers as the growing demand for the carrier along with container ships is expected to power overall vessel prices to near a record.HD Korea Sh
12 HOURS AGO
Vessl AI, a South Korea-native MLOps platform-operating startup, is envisioning a takeoff in the US next year after building a concrete client base at home in the four years since its inception. “We have set a goal to raise 50% of our revenue from the US market next year,&r
11 HOURS AGO
South Korean online marketplace operators struggle to attract investors amid deteriorating profitability and the ongoing impact of the financial turmoil of domestic e-commerce platforms TMON Inc. and WeMakePrice.Investors in 11Street Co., an e-commerce unit of Korea’s No. 2
9 HOURS AGO
The South Korean stock market was one of the worst victims of panic selling by investors frightened by the US economy’s deeper recession on Monday, with the main Kospi index breaking below 2,500 on a nearly 9% fall, which activated a circuit breaker for the first time in more than four years. Pessimistic views betting on a longer downward spiral in stocks are seemingly winning over some market recommendations of buying the dip.Korea&r
13 HOURS AGO
COMPANIES
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Cloud computingMetanet Tplatform acquires location-based service provider
South Korea's cloud management service provider (MSP) Metanet Tplatform Co. has acquired domestic location-based service provider BlueChip C&S, a move seen as an effort to enhance its corporate value before going public next year.On July 31, Meta
13 HOURS AGO
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RetailGS25 to challenge Daiso in low-cost cosmetics market
South Korean convenience store chain GS25 said on Sunday it would expand the lineup of affordable and small-pack basic cosmetic products, targeting Generation Z and Generation Alpha consumers in their teens and 20s.GS25 has recently unveiled low-unit
15 HOURS AGO
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Korean chipmakersWill Samsung benefit from Nvidia’s new AI chip delays?
Samsung Electronics Co., the world’s top memory chipmaker, is expected to benefit from Nvidia Corp.’s delays in shipping AI chips, as global Big Tech firms potentially seek alternatives to the AI semiconductor giant.Last week, Nvidia noti
16 HOURS AGO
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Korean foodSouth Korea kimchi exports at record high in first half
South Korea's kimchi exports surged to an all-time high for a six-month period in the first half of this year, according to data from the Korea Agro-Fisheries & Food Trade Corporation (aT) and the Korea Customs Service.Kimchi exports totaled 23,9
17 HOURS AGO
1 Min read
Hidden Champions
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DCM
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KOREAN INVESTORS
Macquarie Korea Infrastructure Fund (MKIF) has signed an agreement to buy a 40-megawatt (MW) data center from Seoul-based IGIS Asset Management Co. for 734 billion won ($538.4 million), the South Korean infrastructure arm of Macquarie Group said last
13 HOURS AGO
Logistics centers in Seoul suburbs are suffering oversupply and rising vacancy rates, according to a report from South Korean commercial real estate advisory firm Real Estate Direct, better known as RSquare, on Friday. There was new supply of 184,525
Aug 02, 2024 (Gmt+09:00)
Financial investors of Qxpress Pte. are set to take over Singapore-based Qoo10 Pte. and its founder Ku Young Bae’s control amid financial turmoil of the e-commerce platform’s South Korean units and plans to sell the logistics company inst
Aug 02, 2024 (Gmt+09:00)
South Korea’s commercial real estate market will post a slow recovery in the second half of this year due to rate cut delays and no big corrections in commercial real estate prices, according to Seoul-based IGIS Asset Management Co.’s rep
Jul 31, 2024 (Gmt+09:00)
South Korea’s NongHyup Financial Group Inc. (NH Financial) is poised to acquire landmark office building Donuimun D Tower for about 900 billion won ($650.1 million), people familiar with the matter said on Monday. Seoul-based Mastern Investment
Jul 30, 2024 (Gmt+09:00)
M&A
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Banking & FinanceActivist fund KCGI to buy Hanyang Securities for $180 mn
Aug 04, 2024 (Gmt+09:00)
2 Min read -
Mergers & AcquisitionsDoosan Robotics, Bobcat ordered to clarify merger deal
Jul 26, 2024 (Gmt+09:00)
3 Min read
ECM/DCM
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Banking & FinanceKorea’s Woori Bank raises $550 mn in AT1 hybrid bond
Jul 18, 2024 (Gmt+09:00)
2 Min read -
Corporate bondsKakao to raise $203 mn in bonds convertible to Krafton shares
Jul 17, 2024 (Gmt+09:00)
2 Min read
MARKETS
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Korean stock marketKorean tech stocks suffer falls despite strong Q2 results
Some 60% of the Kospi-listed companies that posted above-forecast results in the second quarter of this year have seen their share prices declining since reporting their quarerly results.In particular, artificial intelligence-related and large semiconductor companies suffered steep price falls after US Big Tech's disappointing second-quarter result
14 HOURS AGO
1 Min read -
Korean stock marketS.Korean stocks log largest daily loss since pandemic
The South Korean stock market dropped more than 3% on Friday to breach the psychologically important barrier of 2,700 in almost two months, after weak US jobs and manufacturing data stoked fears of a possible recession, prompting massive selling by foreign investors.The Kospi slid 3.67% to close at 2,676.19 on Friday, its lowest finish since June 4
Aug 02, 2024 (Gmt+09:00)
2 Min read -
EconomyBOK in limbo on rate decision with July inflation below 3%
South Korea’s headline inflation remained in the 2% range for the fourth straight month in July despite a reacceleration, complicating the Bank of Korea’s rate decision amid mounting household debt and weakening domestic spending. Consumer prices in July increased 2.6% from a year ago, data released by Statistics Korea showed on Friday.
Aug 02, 2024 (Gmt+09:00)
3 Min read
South Korea’s household debt is expanding at the fastest pace in over three years, clouding growth in Asia’s fourth-largest economy and keeping the Bank of Korea in a bind over the central bank’s next monetary move toward easing.According to industry data on Thursday, the outstanding balance of household lending by Korea’s f
Aug 01, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Beauty & CosmeticsKorean cosmetics, Amazon Prime Day’s top beauty products
Aug 02, 2024 (Gmt+09:00)
1 Min read -
EntertainmentK-content powerhouse’s YouTube channels disrupted by hacks
Jul 22, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLight up visibility of Korean tech firms on global stage
Jul 10, 2024 (Gmt+09:00)
3 Min read -
The KED ViewKorea: Underrated as seat of commercial arbitration
May 10, 2024 (Gmt+09:00)
2 Min read