South Korea Finance & Banking

Coinone Woos New Members With Cash Giveaways Amid Suspension Order

Coinone is recruiting new members with Bitcoin giveaways and fee-waiver events amid a suspension order, but its market share fell below 4% in July des...

Zigzag Launches 'Jikjin Exchange,' Cutting Average Swap Time to 3.5 Days

Kakao Style's fashion platform Zigzag launched "Jikjin Exchange," cutting average product-swap time to 3.5 days and reducing customer attrition by mor...

Even Nvidia Hits the PCB Wall as AI Roadmap Flashes Red

Nvidia's next-generation AI rack Kyber NVL144 is delayed to 2028 over PCB manufacturing limits, sending Asian tech stocks down over 10%, as OPEC+ boos...

Japan's Bonds and Yen Collapse Together in Worst Rout in 40 Years

Japan's 10-year bond yield hit 2.83%, a 30-year high, as PM Takaichi signaled expansionary fiscal policy, while the yen neared a 40-year low. Nvidia's...

Chinese AI Investors Visit Korea to Forge 'Physical AI Alliance'

Hong Kong-based Spark Physical AI Ventures visited Korea to explore a physical AI alliance, while domestic venture firms topped 40,000 again and K-SUR...

Samsung, SK to Build Four Chip Fabs in Gwangju in Speed Push

Samsung and SK hynix will build four chip fabs at the Gwangju military airport site, while SK hynix invests 870 billion won in its Trinity Fab and Jay...

GS E&C Consortium to Launch 'Sangok Station Xi Hillstate & Hanulchae' Sales in August

A GS E&C-led consortium will launch sales of Sangok Station Xi Hillstate & Hanulchae in August, a 2,706-unit complex in Bupyeong-gu, Incheon, with 1,2...

Lotte E&C Raises Additional 300 Billion Won Through AAA-Rated ABS

Lotte E&C raised 300 billion won through AAA-rated asset-backed securities backed by construction receivables, its second ABS issuance following May, ...

Celltrion's Vegzelma Wins Two Major U.S. PBMs, Securing 35% Reimbursement Coverage

Celltrion's Vegzelma has been listed on the formularies of two major U.S. PBMs, Express Scripts and Optum, securing about 35% reimbursement coverage i...

HUG Offers 10 Million Won Per Team for Busan Social Service Startups

HUG and the Qnesty Foundation launch HUG UP, a Busan social service startup program offering 10 million won per team, recruiting youth entrepreneurs n...

Handsome Rolls Out 'Store Talk' QR System for Instant Customer Feedback

Handsome, a Hyundai Department Store Group fashion company, launched "Store Talk," a QR code-based feedback channel that boosted customer submissions ...

Single Malt Whisky Tops GS25 Wine25+ Liquor Sales in First Half

Single malt whisky topped GS25's Wine25+ liquor sales for the first time in the first half, accounting for 61% of whisky sales, driven by demand from ...

FnGuide Names Jeon Min-seok CEO, Shifts to Co-CEO System

FnGuide appointed Jeon Min-seok as new CEO, shifting to a co-CEO system alongside Lee Ki-tae to strengthen accountability, boost efficiency, and advan...

Samsung Earns 150 Trillion Won in Six Months, Up 13-Fold in a Year

Samsung Electronics earned 146.6 trillion won in operating profit in the first half of 2025, up 1,186% year-on-year, topping 100 trillion won for the ...

Matica Bio Partners with US-Based VaxDome to Develop Hybrid Vaccine

Matica Bio, a CGT CDMO subsidiary of CHA Biotech, will jointly develop an antigen-independent antiviral hybrid vaccine with US biotech firm VaxDome, a...

Former Konkuk University President Min Sang-ki Named CEO of Korea Line

Daesang Chungjungone Launches Two 'Rich Cream Curry' Products Under Curry Queen

Daesang Chungjungone's Curry Queen brand launches two new premium products, Rich Tomato & Cream and Rich Potato & Cream, made with French Fond de Veau...

Daishin Raises SK hynix Target to 3.9 Million Won on ADR, HBM

Daishin Securities raised its SK hynix target price to 3.9 million won, citing the Nasdaq ADR listing, HBM price gains, and expanded shareholder retur...

Hugel Seen Beating Q2 Estimates as US Direct Sales Gear Up

Hugel is forecast to beat Q2 estimates with revenue of 133 billion won, driven by botulinum toxin exports, as its US direct sales operation gears up i...

Korea Specialty Contractors' Guarantee Cooperative Middle East Crisis Task Force Shows Results

The Korea Specialty Contractors' Financial Cooperative's Middle East Crisis Task Force delivered 600 million won in financial support and 266.3 billio...

Hanwha Ocean Vows to Find Path for K-Naval Defense After Canada Submarine Loss

Hanwha Ocean expressed regret after losing Canada's 60 trillion won submarine program to Germany's TKMS, vowing to find a path for K-naval defense to ...

'Just Build' Pledge Stalls as Sept. 7 Supply Bills Languish 10 Months

Follow-up bills for Korea's Sept. 7 housing supply plan have languished in the National Assembly for 10 months, casting doubt on the government's new ...

S-1's AI Safety Solutions Expand From Factories to Public Facilities

S-1's AI safety solutions, including SVMS video analysis and BlueScan IoT monitoring, are expanding from factories to public facilities like Korea's N...

Poongsan Chairman's Golf Course Plan Dilutes Government Service Sector Talks

FKI Chairman Ryu Jin drew criticism for announcing Poongsan's plan to build a golf course in Andong at a government meeting on service industry compet...

HJ Shipbuilding Wins 257.2 Billion Won BEXCO Third Exhibition Hall Project

HJ Shipbuilding & Construction won the 257.2 billion won BEXCO Third Exhibition Hall project in Busan, its third major public construction win in the ...

Korean Financial Holdings' ADRs Trade at Half of US Bank Valuations

Korean financial holdings' ADRs trade at a PER of 9.38, about 61% of major US banks' 15.28, remaining undervalued despite expanding shareholder return...

Hanwha Ocean Loses Canada Submarine Bid to Germany's TKMS

Canada selected Germany's TKMS over South Korea's Hanwha Ocean as preferred bidder for its Canadian Patrol Submarine Project, a mega-project worth nea...

European Heatwave Stresses Dairy Cows as Korean Food Firms Watch Supply

A record European heatwave is disrupting agriculture and livestock, prompting Korean food firms to monitor supply and prices of cheese, butter, cream,...

Korea Honors 53 for Road Achievements on 2026 Road Day

Korea's MOLIT and the Korea Road Association will honor 53 people at the 2026 Road Day Ceremony, marking the 56th anniversary of the Gyeongbu Expressw...

Jeju Gas Stations Fined 2.05 Billion Won for Price-Fixing Scheme

Korea's FTC fined Jeju gas stations and two Nonghyup branches 2.05 billion won for fixing fuel prices via KakaoTalk from 2022 to 2024, raising consume...

"Real Help Is Treating Them as Coworkers, Not Charity Recipients"

Hwang Jung-eun of Seoul Children's Hospital's Rainbow Art Center says employment, not charity, is real help. Woori Bank hired 20 developmentally disab...

Professor Lee Chang-mu Named Seoul's Chief Architect

Hanyang University professor Lee Chang-mu has been named Seoul's fifth Chief Architect, with a two-year term through July 2028, as the city considers ...

100 Trillion Won Future Fund Faces Weakened Parliamentary Oversight

SK hynix Boosts Materials Suppliers With 20,000 Sample Analyses a Year

SK hynix provides 20,000 sample analyses a year for partner firms as Korean companies adopt "Win-Win 3.0," sharing technology, talent and infrastructu...

Samsung, SK Fabs to Rise Together at Gwangju Military Airport

Korea's Presidential Office confirmed Gwangju Military Airport as the site for the Honam semiconductor cluster, where Samsung Electronics and SK hynix...

Lee Jae-yong Heads to Sun Valley to Ramp Up Memory, Foundry Sales

Samsung Electronics Chairman Jay Y. Lee heads to the Sun Valley Conference to expand AI memory supply deals and foundry cooperation with global Big Te...

Why We Never Shy Away From a Long Journey

Youngone Group Vice Chairman Sung Lae-eun reflects on how trade is built on human relationships and trust, arguing that partnerships and diplomacy rem...

6 in 10 Leaving Seoul Head for Gyeonggi Province

Six in 10 people leaving Seoul over the past three years moved to Gyeonggi Province, with 846,321 relocating there, driven mainly by housing costs, co...

Sangbong District 7 to Become 49-Story Mixed-Use Complex With 841 Units

Sangbong District 7 in Seoul's Jungnang-gu will be redeveloped into a 49-story mixed-use complex with 841 units, up from 511, featuring cultural facil...

Samsung C&T Wins London Design Awards for Second Straight Year

Samsung C&T won the gold prize at the 2026 London Design Awards for the exterior and community design of Raemian One Perla, marking its second consecu...

SK hynix Heads to Nasdaq: Can It Reach Micron-Level Valuation?

SK hynix plans a $28.1 billion Nasdaq ADR listing on the 10th, the largest by a foreign firm, fueling hopes for a Micron-level valuation despite cauti...

Hybrid ETFs: A Counterweight to Leverage Products

Hybrid ETFs using the constant mix strategy could help mitigate the market volatility amplified by leveraged and single-stock leverage products, argue...

Korean Bank ADRs Trade at Half JPMorgan's Level Amid Persistent Discount

Korean financial groups KB, Shinhan, and Woori trade at an average PER of 9.38, about 61% of the 15.28 average for the four largest U.S. banks, reflec...

Shinhan Bank to Add Crypto Wallet to 'Super SOL' App

Shinhan Bank plans to add a crypto wallet to its Super SOL app, issuing a 900 million won consulting tender to prepare for South Korea's digital asset...

Korean Asset Managers Still Vote Perfunctorily; Shinhan, Woori, Samsung Active Flagged

Korean asset managers' fund voting exercise rate rose to 91.8%, but the FSS flagged Shinhan, Woori and Samsung Active for perfunctory practices, while...

SK Launches 'Impact Booster' to Back 10 Social Ventures a Year

SK Group launched "Impact Booster," selecting 10 social ventures a year and offering up to 70 million won in funding plus cooperation with affiliates ...

Prometheus Develops AI Osteoporosis Screening, Targets Asia, Middle East First

Prometheus CEO Bae Hyun-jin says the company's AI osteoporosis screening tech could prevent 1.8 million cases worldwide, targeting Asia and the Middle...