South Korea Finance & Banking

Hyundai Motor, Kia to Deploy 200 AI Self-Driving Cars in Gwangju

Hyundai Motor and Kia will deploy 200 AI-powered autonomous vehicles in Gwangju in the second half of 2025 under an MOU with Korea's transport ministr...

Hongje Community Savings Bank Unites Residents Through Samgyetang Sharing

Hongje Community Savings Bank hosted its 7th annual samgyetang sharing event for elderly residents, reinforcing community ties while posting 11.9 bill...

Samsung Bioepis Partners with Seoul Bio Hub to Nurture Biotech Startups

Samsung Bioepis and Seoul Bio Hub launch a joint open innovation program to nurture biotech startups in AI drug discovery, ADCs, and peptide therapeut...

Galaxy Z8 to Debut Smarter AI Assistant With Multitasking

Samsung Electronics will equip its new Galaxy Z Fold 8 and Z Flip 8 foldable phones with One UI 9 featuring Google's Gemini Intelligence, enabling AI-...

Woori Bank Begins Issuing 'Nol World Card' for Foreign Tourists at Incheon Airport

Woori Bank began issuing the 'Nol World Card,' a prepaid card for foreign tourists, at Incheon Airport, offering favorable exchange rates and partners...

Hyundai Rotem to Showcase Unmanned Systems at Eastern Europe's Largest Defense Expo

Hyundai Rotem will showcase advanced unmanned systems including HR-Sherpa, an unmanned firefighting robot, and a multi-legged walking robot at BSDA 20...

Noryangjin Pre-Sale Prices Surge Past 80 Million Won per 3.3㎡

Pre-sale prices in Seoul's Noryangjin area surged past 80 million won per 3.3㎡ at DL E&C's Acro River Sky, with 84㎡ units priced up to 2.79 billion wo...

KOTRA Partners with Veterans Ministry to Preserve Overseas Memorial Sites

KOTRA signed an MOU with Korea's Ministry of Patriots and Veterans Affairs to preserve overseas memorial sites, leveraging its global network to stren...

Today's Memo

Key Korean stock market events for May 14 include SKC's rights offering subscription, PMT's new share allocation record date, and Polled's new listing...

Lotte Department Store Expands Exclusive VIP Experiences for Avenuel Members

Lotte Department Store is revamping its Avenuel VIP program into an experience-based membership, offering premium travel, dining, and cultural content...

KDI Raises 2025 Korea Growth Forecast to 2.5% on Chip Boom

KDI raised Korea's 2025 growth forecast to 2.5%, up 0.6 percentage point, citing a semiconductor export boom and domestic demand recovery, while proje...

Nvidia's $40 Billion AI Spree Powers Global Ecosystem

Nvidia has poured about $40 billion into AI equity investments this year, spanning OpenAI, Anthropic, CoreWeave and Corning, as CEO Jensen Huang build...

OCI Holdings Tops Top Traders' Buy List on SpaceX Hopes

OCI Holdings topped Mirae Asset Securities' top 1% traders' net-buy list on the morning of the 13th, fueled by expectations of joining SpaceX's polysi...

Lotte Mart's Private-Label Bread Sells 150,000 Loaves in Four Weeks

Lotte Mart's private-label "Oneul Joheun Sumgyeol Tong Sikppang" sold 150,000 loaves in four weeks, boosting overall meal bread sales by 50% and lifti...

Coway Opens 'Coway BEREX Theater' at CGV Yeongdeungpo Times Square

Coway has opened the "Coway BEREX Theater" at CGV Yeongdeungpo Times Square, installing BEREX R7 Stretching Motion Beds in all 24 seats for an experie...

Korea Launches National Autonomous Driving Team with 200 Vehicles in Gwangju

Korea launches the "Korea Autonomous Driving Team" in Gwangju, deploying 200 Hyundai SDVs across 500.97 sq km to achieve Level 4 autonomous driving by...

Hansol Homedeco, DL E&C Win Certification for Dry Bathroom Wall Waterproofing Tech

Hansol Homedeco and DL E&C received Korea's New Construction Technology Certification for their dry bathroom wall waterproofing system, which halves c...

Prime Minister Hints at Emergency Arbitration to Block Samsung Strike

Korea's Prime Minister and Deputy PM warned against a Samsung Electronics strike as union talks collapsed, hinting at possible emergency arbitration a...

US Patent Board Invalidates Alteogen Rival Halozyme's MDASE Patent

The US Patent Trial and Appeal Board has invalidated all challenged claims of Halozyme's MDASE-related US Patent 11,952,600, citing insufficient speci...

Kia Debuts at Romania Defense Expo, Unveils Tasman Military Command Vehicle

Kia will make its debut at BSDA 2026 in Bucharest, Romania, unveiling its Tasman military command vehicle in Europe for the first time along with its ...

S-Oil Unveils Data Center Immersion Cooling Fluid with GST

S-Oil will unveil its "S-OIL e-Cooling Solution" immersion cooling fluid for data centers with partner GST at HVAC KOREA 2026, with field tests planne...

Sugentech Rises 5% as Hantavirus Spreads in US, Europe

Sugentech shares rose nearly 5% as hantavirus infections linked to a transatlantic cruise ship spread to the US and Europe, with the WHO reporting nin...

KICPA, Sookmyung Women's University Partner to Boost Entrepreneurs' Accounting Skills

KICPA and Sookmyung Women's University signed an MOU to strengthen entrepreneurs' accounting and tax capabilities through education programs and one-o...

Hyosung Ventures Invests in Three Bio, Beauty, Spatial Computing Startups

BIS Key Chair Goes to Japan: "Not BOK's Failure, But BOJ's Expanding Presence"

BOJ Governor Kazuo Ueda was appointed as the next BIS CGFS chair, succeeding former BOK Governor Rhee Chang-yong, as Japan expands its presence in glo...

Samsung Faces Strike Risk as Court Weighs Injunction

Lunit, NHIS Ilsan Hospital Sign MOU to Accelerate Medical AI Transformation

Lunit signed an MOU with NHIS Ilsan Hospital to expand AI transformation across hospital treatment, operations, and administration based on its Medica...

Shabu All Day Names Former Samsung VP Song Myung-joo as CEO

All Day Fresh, operator of shabu-shabu buffet chain Shabu All Day, appointed former Samsung Electronics VP Song Myung-joo as CEO, the first move since...

Doosan Yonkang Foundation Becomes First-Time Sponsor of Korean Pavilion at Venice Biennale

The Doosan Yonkang Foundation is sponsoring the Korean Pavilion at the 61st Venice Biennale for the first time, with foundation-backed artists includi...

7-Eleven Partners with Food Safety Agency to Expand Certified Stores

7-Eleven signed an MOU with the Korea Institute for Food Safety Management Accreditation to expand Safe Food Establishments, planning to triple design...

Cosmecca Korea Chairman Calls K-Beauty's "Golden Time" to Set Global Standards

Cosmecca Korea Chairman Cho Im-rae unveiled a vision to lead the global beauty market through AI-driven intelligent manufacturing at the company's 26t...

Samsung Labor Talks Collapse, but Door Left Open for Last-Minute Deal

Samsung Electronics and its union failed to reach a bonus deal despite government mediation, with a general strike set for the 21st. Both sides left r...

Samsung Electronics Plunges 5% on Looming Union Strike

Samsung Biologics Joins PEGS Boston to Expand Global Client Outreach

Samsung Biologics is attending PEGS Boston 2025 to expand global client outreach, showcasing its organoid-based oncology drug evaluation service and C...

Hyundai, Kia Join Global Patent Network to Prevent Open-Source Software Disputes

Hyundai Motor and Kia have joined OIN 2.0, a global patent network for the Linux-based open-source ecosystem, to prevent software-related patent dispu...

Samsung Expresses Regret Over Union's Rejection of Wage Proposal

Samsung Labor Talks Collapse Over Bonus Cap Dispute

Samsung Electronics labor talks collapsed early Wednesday as the union rejected a 12% operating profit bonus offer, demanding abolition of the 50%-of-...

Korea Toray Science Foundation Opens Applications for Science and Technology Awards Through June

The Korea Toray Science Foundation is accepting applications through June for its 9th Science and Technology Award and Fellowship, offering 100 millio...

Hanjin Selected for Online Export SME Logistics Program for Fourth Straight Year

Hanjin has been selected for the fourth consecutive year as an operator of Korea's 2026 Online Export SME Logistics Support Program, utilizing its Inc...

Samsung C&T Opens Showroom for Shinbanpo Redevelopment Project

Samsung C&T opens a showroom on Thursday for the Shinbanpo 19 and 25 redevelopment project, displaying a model of the 185-meter "Raemian Illuchera" la...

Koo Yoon-cheol Calls Samsung Wage Mediation Failure "Deeply Regrettable," Warns Against Strike

Deputy Prime Minister Koo Yoon-cheol called Samsung Electronics' failed wage mediation "deeply regrettable" and warned against a strike, as the union ...

KOTRA Launches Support for U.S. Tariff Refunds, Offers In-Depth Consulting

KOTRA is supporting Korean exporters with U.S. tariff refund procedures after the Supreme Court ruled Trump's IEEPA tariffs unconstitutional, offering...

Korea's 15-64 Employment Rate Tops 70% as Youth Jobs Decline for 24th Month

Korea's April Job Growth Slows to 16-Month Low at 74,000

ETFs With Over 1 Trillion Won in Net Assets Jump to 96 From 67

Taiwan Media Eye Potential Gains from Samsung Strike

Hanwha's Premium Ice Cream Benson Targets 100 Stores by 2027

Hanwha Galleria's premium ice cream brand Benson marked its first anniversary by unveiling its Pocheon production center, targeting 100 stores by 2027...

HLB Expects U.S. Approval of Liver, Bile Duct Cancer Drugs This Year

HLB Group expects FDA approval of its liver and bile duct cancer drugs in July and September, while advancing next-generation CAR-T therapy for solid ...

Chinese Shoppers Snap Up K-Fashion, Fueling Korean Department Store Boom

Korea's top three department stores — Shinsegae, Lotte, and Hyundai — posted record Q1 earnings as Chinese tourists drove K-fashion sales, with foreig...

Samsung Union Heads Toward Full Strike After Talks Collapse

Samsung Electronics' renewed bonus talks with its union collapsed, setting the stage for an 18-day full strike from the 21st and raising fears of 30 t...

SK hynix Target Price Raised 40% to 2.8 Million Won on AI Boom

KDI Upgrades Economic Outlook on Chip Boom, Warns of Oil and Sentiment Risks

KDI upgraded Korea's economic assessment to "recovery" on a semiconductor-led export surge, with April exports jumping 48% and chips up 173%, but warn...

Trump Says Ceasefire Chances "1%" as Iran Threatens 90% Uranium Enrichment

Trump declared a 1% chance of a sustained Iran ceasefire as Tehran threatened 90% uranium enrichment, while U.S. stocks hit record highs and the yuan ...

US, Japan Reaffirm FX Cooperation to Counter Weak Yen

US Treasury Secretary Scott Bessent reaffirmed FX cooperation with Japan as the yuan hit a three-year high, while Makinarocks drew 13.9 trillion won i...