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Sustainability Reports Surge Among South Korean Listed Companies

Sustainability Reports Surge Among South Korean Listed Companies

SEOUL, Jan. 10 (Korea Bizwire) — In 2024, the number of publicly listed companies on South Korea’s main stock exchange voluntarily disclosing sustainability reports rose by nearly 30%, reflecting growing awareness of environmental, social, and governance (ESG) principles. The Korea Exchange reported on January 9 that 204 companies listed on the KOSPI voluntarily released sustainability [...]

Counterfeit Currency Cases in South Korea Drop to Historic Low in 2024

Counterfeit Currency Cases in South Korea Drop to Historic Low in 2024

SEOUL, Jan. 10 (Korea Bizwire) —  The use of cashless payment methods, such as credit cards and digital wallets, has led to a record low number of counterfeit bills detected in South Korea last year, according to the Bank of Korea. In its report released on January 9, the central bank stated that only 143 counterfeit [...]

Nvidia CEO’s CES Announcement Dampens South Korean Stock Market Rally

Nvidia CEO’s CES Announcement Dampens South Korean Stock Market Rally

SEOUL, Jan. 8 (Korea Bizwire) —  South Korea’s stock market stumbled on January 7 after Nvidia CEO Jensen Huang revealed at CES 2025 that the company’s new GeForce RTX graphics processing unit (GPU) will use DRAM supplied by Micron Technology, sidelining Samsung Electronics and SK Hynix. The announcement cooled investor sentiment, halting the recent rally that [...]

South Korea Faces Credit Rating Risk as Treasury Bond Issuance Soars

South Korea Faces Credit Rating Risk as Treasury Bond Issuance Soars

SEOUL, Jan. 3 (Korea Bizwire) — A credit rating agency has warned that South Korea could face downward pressure on its sovereign credit rating toward the end of the year due to the government’s decision to expand treasury bond issuance. While global credit rating agencies have indicated that political uncertainties, including martial law and impeachment proceedings, [...]

Samsung Electronics to Become Largest Shareholder in S. Korean Robotics Startup

Samsung Electronics to Become Largest Shareholder in S. Korean Robotics Startup

SEOUL, Dec. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will become the largest shareholder in a South Korean robotics startup, Rainbow Robotics, as part of its push for advancing robotics technologies including humanoid robots. The tech giant increased its stake in Rainbow Robotics to 35 percent by exercising a call option on [...]

South Korean Markets Lost Over $250 Trillion Won in Value This Year, Bucking Global Trend

South Korean Markets Lost Over $250 Trillion Won in Value This Year, Bucking Global Trend

SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets.  According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while [...]

Samsung Group’s Market Cap Shrinks by 160 Trillion Won in 2024 amid Semiconductor Slump

Samsung Group’s Market Cap Shrinks by 160 Trillion Won in 2024 amid Semiconductor Slump

SEOUL, Dec. 30 (Korea Bizwire) — Samsung Group, South Korea’s largest conglomerate, has seen its market capitalization plummet by over 160 trillion won this year, marking a significant contraction in its dominance on the domestic stock market. As of December 26, the total market value of Samsung’s 22 listed companies, including Samsung Electronics, Samsung Biologics, [...]

South Korea’s Top Conglomerates Face Ballooning Corporate Debt Amid Rising Interest Rates

South Korea’s Top Conglomerates Face Ballooning Corporate Debt Amid Rising Interest Rates

SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s 10 largest conglomerates have nearly doubled their corporate bond issuance over the past two years to manage increasing financial burdens. However, with rising interest rates and tighter liquidity conditions, these firms face significant challenges in refinancing their debt, raising concerns about potential ripple effects in the country’s [...]

Ex-head of Financial Regulator Named Envoy for Int’l Finance Cooperation

Ex-head of Financial Regulator Named Envoy for Int’l Finance Cooperation

SEOUL, Dec. 27 (Korea Bizwire) — A former head of South Korea’s financial regulator has been appointed as the country’s representative tasked with promoting its economic and financial standing, the foreign ministry said Friday. Choi Jong-ku, a veteran technocrat and a former chairman of the Financial Services Commission (FSC), will serve as the ambassador-at-large for [...]