A new forecast is presented, claiming that the shipbuilding market is unlikely to recover in 2018, the year when the Korean government expects to be able to sell the debt-ridden Daewoo Shipbuildi...
2017-04-12 05:19
Countdown began for Daewoo Shipbuilding & Marine Engineering to be placed under a court receivership. Its main creditors Korea Development Bank and Korea EximBank held an explanatory session...
2017-04-12 05:15The size of Korea's tourism industry is newly estimated at 73 trillion won. According to data compiled by the Ministry of Culture, Sports, and Tourism, the sector is estimated to have accounted for...
2017-04-11 12:58
E-Land Group decided to sell its restaurant businesses, including Ashley, Nature Kitchen, and Pizza Mall. The group is now in exclusive talks to sell the chains to Korea's largest private equity fi...
2017-04-11 12:57
The number of "urban farmers," the city people who grow crops in weekend farms and the like, has increased more than ten-folds for the past six years. The Ministry of Agriculture, Food, and Rural A...
2017-04-11 07:24
Hyundai Oilbank signed a deal to import crude oil from the United States for the first time among Korean oil refiners since the Trump administration, which are pushing hard to sell U.S. oil and g...
2017-04-11 05:18The shares of Kolon and Hanjin KAL rose sharply thanks to their soon-to-be-listed subsidiaries. On April 7, Kolon closed at 64,900 won, up 3.4 percent or 2,400 won compared to a week ago. The main ...
2017-04-10 12:24
By the mid-2000s, the world's best-selling beer was Budweiser's Bud Light. But the top position was taken over by a Chinese brand called "Snow" ("Xuehua" in Chinese) in 2008. Market research fi...
2017-04-10 10:51SK Innovation decided to develop an electric vehicle battery that can run up to 500 kilometers with a single charge by 2020. The plan is part of its strategy to cope with the Chinese government's r...
2017-04-10 08:25As non-contact transactions expand, concerns are growing that banks would speed up the speed of reducing branch offices and payrolls. Thanks to the rising popularity of mobile and Internet banking,...
2017-04-10 08:25This year marked the sixth anniversary of foundation for SK Group plus the fifth year for SK Hynix becoming incorporated as the group's affiliate. Backed by the strong growth in exports of its affi...
2017-04-10 08:24Korea's coffee market is growing at a rapid pace, with Koreans estimated to have drunk about 25 billion cups of coffee last year. This figure is up about 25 percent compared to ten years ago. If Ko...
2017-04-10 08:23
Seoul Dairy Cooperative wil build the world's largest-scale milk processing plant in Yangju in northern outskirts of Seoul. The company said on April 7 that it would establish a full-process milk p...
2017-04-08 08:18
Back in 1981, Korean food company Ottogi launched "3 Minute Curry," the first-ever home meal replacement product in the country. The market for home meal replacements has grown to almost 3 trillion...
2017-04-08 07:39
The era of blockchain, the state-of-the-art security technology for the Fourth Industrial Revolution, is coming close at hand. Blockchain refers to a security technology that allows one to share tr...
2017-04-08 07:30
KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion won ($82 million) fund to acquire an Airbus A330-300 model for lease to Singapore Airlines. The South Korean brokerage&hellip
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip
