SEOUL, Jul. 11 (Korea Bizwire) — Lotte Chemical Co., South Korea’s No. 2 petrochemical firm, said Tuesday that it will use the proceeds from the initial public offering of its Malaysian unit to finance its facility expansion in the Southeast Asian country. Its Malaysian unit, Lotte Chemical Titan Holdings Berhads, made its market debut there [...]
SEOUL, Apr. 10 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expanding their presence in the hybrid vehicle market in the United States, backed by brisk sales of their latest sports utility vehicle (SUV) models, data showed Sunday. The South Korean automobile companies sold a combined 4,358 hybrid vehicles in [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea said Sunday it would contribute US$1 million to help Libya, which is suffering from a years-long civil war. Seoul plans to deliver the donation through the Libya stabilization fund created in April under a global initiative, according to the foreign ministry. Eleven other nations have so far [...]
SEOUL, Nov. 3 (Korea Bizwire) — Samsung BioLogics, a biopharmaceutical unit of Samsung Group, and Doosan Bobcat Co., an affiliate of power equipment conglomerate Doosan Group, are set to make their market debuts this month, which some analysts say may help the local stock market recover from a recent market turmoil. Last week, Samsung BioLogics, [...]
SEOUL, July 25 (Korea Bizwire) – According to the Small & Medium Business Administration (SMBA), investment in newly-formed venture funds increased by 169.9 percent from 618.1 billion won in H1 2015 to 1.67 trillion won in H1 2016, which was also a record high for the first half of a year. The increasing investment in [...]
SEOUL, July 21 (Korea Bizwire) – Offshore investors have been on a buying streak for South Korean stocks, sending their market cap ratio in the main local bourse to a 14-month high, the Korea Exchange said Thursday, but analysts were divided on whether the rally will continue. Shares held by foreign investors as of Tuesday [...]
SEOUL, June 10 (Korea Bizwire) – South Korean investors are piling into high-yield corporate bonds with relatively high risk in search of bigger returns as the country’s interest rates are at rock bottom, sources said Friday. Trading of these so-called mezzanine bonds have recently been active as investors are drawn to debt that offers a higher [...]
SEOUL, June 2 (Korea Bizwire) – “The consumer market in Korea is high developed, so I believe Korea’s services sector is the most promising,” stated Stefan Zuschke, the president of BC Partners. “If I invested in a Korean business, I would invest in one of Korea’s IT corporations,” claimed VSS executive director Christopher Russell. And [...]
SEOUL, Jul. 27 (Korea Bizwire) — The number of unemployed South Koreans in their 20s hit a new first-half record, data showed Sunday, adding to concerns over murky employment outlooks for the country’s younger generation. There were 410,000 unemployed people aged between 20 and 29 in the January-June period, the highest level since relevant data [...]
SEOUL, Jun. 15 (Korea Bizwire) — The Korean government will spend 5 billion won (US$ 4.48 million) on Korean SMEs to develop three-wheeled mini EVs until 2016, according to an announcement on June 14. The Ministry of Trade, Industry and Energy (MOTIE) already initiated a 7 billion won (US$ 6.28 million) project last year to develop [...]