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Thu, February 9, 2023 | 09:31
Delta variant to ignite 'short-term correction'
In tandem with the global stock market rally, both the KOSPI and Kosdaq have been enjoying very strong performances so far this year. The question is, will the country's equity market be able to keep its bullish momentum?
Semi-lockdown in Seoul drags down markets
South Korean stock markets ended lower on Friday as investor sentiment took a hit following the government's decision to raise social distancing guidelines to the highest level in the Seoul metropolitan area.
Yanolja investors enjoy boost on news of SoftBank's stake purchase
Companies that invested in Yanolja, Korea's leading short-stay hotel booking service operator, saw their own stock prices rise on Thursday following reports that SoftBank's Vision Fund decided to purchase a 10 percent stake in the startup.
POSCO, HHI tapped as new HMM owner
Cash-abundant POSCO is seen as the most-preferred candidate to take over Hyundai Merchant Marine (HMM) as the Korea Development Bank (KDB), HMM's largest shareholder, is seeking to strengthen its “corporate restructuring portfolio” by handing over its holdings to a “financially stable” entity, according to sources, Thursday.
GM reaffirms LG's parts quality
A few days after the launch of LG Magna e-Powertrain, a joint venture between LG Electronics and Canada's Magna International, General Motors reaffirmed the product quality of LG Innotek.
Coupang set to begin operation in Singapore
Coupang is set to begin operating in Singapore, as the NYSE-listed entity is said to have completed the hiring of senior executives in the Southeast Asian country, sources and officials said Friday.
Hyundai Motor to shift toward tech investment in US
After reports that the “American Jobs Plan” will exclude measures for granting direct subsidies for electric vehicles (EVs), Korea's Hyundai Motor Group (HMG) said Wednesday it will closely consider investing more in technology in the United States.
LG's 'bromance' with Apple intact
In business, chief competitors are basically frenemies, as seen in the complicated Samsung-Apple partnership. Samsung needs Apple as the iPhone designer orders lots of components, while Apple also needs Samsung as it can reliably produce lots of semiconductors for its gadgets.
Vietnam vaccine fund wins Samsung, SK backing
The Vietnamese government is facing an alarming spike in COVID-19 infections and top Korean firms, which operate in the Southeast Asian country, are actively responding Hanoi's apparent request to join its vaccine fundraising drive.
Naver withdraws bid for eBay Korea stake
Naver, the country's dominant web portal, has decided to drop out of a high-profile bid to acquire a stake in eBay Korea.