SEOUL, Jan. 2 (Korea Bizwire) — South Korean stocks climbed to a record close Friday, propelled by heavy buying in large semiconductor names as investors doubled down on bets that artificial intelligence–driven growth will continue to bolster the country’s export engine. The won weakened against the U.S. dollar. The benchmark Korea Composite Stock Price Index jumped [...]
SEOUL, Jan. 2 (Korea Bizwire) — The finance ministry was formally divided into two separate ministries on Friday, with a newly established body taking over the government’s budget planning functions. Under a government reorganization, the ministry was divided into the Ministry of Economy and Finance and the newly established Ministry of Planning and Budget, which [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s main bourse operator vowed Friday efforts to upgrade the country’s capital market by extending trading hours and strengthening crackdowns on unfair trading practices. Jeong Eun-bo, the chairman of the Korea Exchange (KRX), made the remarks at an event celebrating the first trading day of [...]
SEOUL, Dec. 31 (Korea Bizwire) — A broader swath of South Korean companies will soon be required to file regulatory disclosures in English, a move aimed at opening the country’s capital markets further to foreign investors, even as a newly enacted pro-labor law is set to raise compliance risks for businesses. Beginning May 1, the Financial [...]
SEOUL, Dec. 31 (Korea Bizwire) — Imports of long-life sterilized milk into South Korea have surged over the past decade, even as overall milk consumption declines and domestic dairy producers struggle with high costs and shrinking demand. According to data from the Korea Customs Service, imports of sterilized milk rose more than tenfold, from about 4,000 [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean investors switched to net sellers of U.S. stocks for the first time in around four months last week, data showed Tuesday, amid government measures to reshore capital into the local stock market. Local investors sold a net US$281.4 million of equities in the United States between Dec. [...]
SEOUL, Dec. 30 (Korea Bizwire) — Business sentiment in South Korea rose to the highest level in 17 months in December, supported by rising demand related to facility investments in the United States, a central bank survey showed Tuesday. The Composite Business Sentiment Index (CBSI) for all industries came to 93.7 this month, up 1.6 [...]
SEOUL, Dec. 29 (Korea Bizwire) — Orion Corp., a South Korean food and health care company, said Monday it will invest 240 billion won (US$167 million) to expand its production facilities in Russia by 2027 to meet growing local demand for K-foods. Orion currently operates two plants in Russia — one in Tver and the [...]
SEOUL, Dec. 29 (Korea Bizwire) — The total proceeds from initial public offerings (IPOs) in the South Korean stock market rose 14.9 percent in 2025 from a year earlier, backed by increased liquidity, data showed Monday. The proceeds from IPOs stood at 4.57 trillion won (US$3.19 billion) this year, up from last year’s 3.97 trillion [...]
SEJONG, Dec. 29 (Korea Bizwire) — South Korea’s self-employed sector is showing tentative signs of recovery, buoyed in part by government-issued consumption coupons and an improving growth backdrop, though economists caution that structural pressures could limit the durability of the rebound. According to data released Monday by the National Tax Service, the number of businesses that [...]