HanKyung / Korea Economic Daily

The Korea Economic Daily Global Edition

The Korea Economic Daily Global Edition (KED Global) is a digital media platform where news and analysis on Korean companies, industries, and financial markets are delivered to the readers around the world in 7 different languages.

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  • Korea's top craft brewer seeks to list on junior Kosdaq
    par Yeonhee Kim le 24/11/2020 à 7:58

    Jeju Beer Co., South Korea's No. 1 craft beer maker, is preparing to become the country's first craft brewery to go public, buoyed by the rapid market growth amid the stay-at-home trends and a rise in domestic travelers to the resort island of Jeju where it is based.The brewer recently filed a […]

  • Samsung Electronics’ global TV market share hits record-high in Q3
    par In-Soo Nam le 24/11/2020 à 6:09

    Samsung Electronics Co.’s global TV market share rose to the highest level in terms of value in the third quarter, boosted by large-size organic light-emitting diode (OLED) TVs.According to market tracker Omdia on Nov. 24, the South Korean tech giant sold 14.85 million TVs worth $9.32 […]

  • Hyundai Heavy seen as likely buyer of Doosan Infracore
    par Danbee Lee le 24/11/2020 à 5:42

    Hyundai Heavy Industries Holdings Co., the world's largest shipbuilder, is a step closer to acquiring a 36.07% controlling stake in Doosan Infracore Co. as nearly all of the contenders dropped out of the final bid, according to industry sources on Nov. 24.The remaining two bidders are a consortium […]

  • Denmark’s Orsted to build world’s biggest wind farm off S. Korea
    par In-Soo Nam le 24/11/2020 à 5:07

    Denmark’s Orsted A/S plans to build the world’s biggest offshore wind farm off the west coast of South Korea as the Danish multinational power company aims to expand its business in the Asia-Pacific region.At a press conference held in Seoul on Nov. 24, the company said it will […]

  • Korean neurosurgery robot warms up to take on French rival
    par Yeonhee Kim le 24/11/2020 à 5:01

    South Korea’s first neurosurgery robot, developed by 3D inspection device maker Koh Young Technology Inc., is ready to make inroads into the market dominated by France's ROSA, after two leading Korean hospitals wrapped up two-year clinical trials of the new robot.The surgical robot, Kymero, […]

  • S. Korea's household debt ratio exceeds 100% for first time
    par Danbee Lee le 24/11/2020 à 3:58

    South Korea’s household debt to gross domestic product (GDP) ratio has exceeded 100% for the first time, with its debt growing at a fast rate among leading economies.In the third quarter, the country’s household debt ratio reached 100.6%, according to a report issued by the Institute of […]

  • Korean govt advised to hike diesel tax, ban fossil fuel cars by 2035
    par In-Soo Nam le 24/11/2020 à 2:05

    South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollution and climate changes, according to a government advisory group.The National Council on Climate and Air Quality (NCCA) on Nov. 23 also urged the […]

  • Fadu, Mobilint emerge as S. Korea's system chip startup dark horses
    par Danbee Lee le 24/11/2020 à 11:38

    South Korea's two semiconductor startups, Fadu Inc. and Mobilint, have emerged as the country's system chip industry dark horses as their competitive technologies attract global IT powerhouses as clients.The Ministry of SMEs and Startups (MSS), which champions the system semiconductor industry as […]

  • Seoul shares break through 2,600 to hit record close
    par Yeonhee Kim le 23/11/2020 à 8:35

    Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with growing expectations of COVID-19 vaccine development underpinning the outlook for the global economy and Korean exporters.Samsung Electronics Co., the […]

  • S-Oil says at least 20 more years to go for oil-powered cars
    par Yeonhee Kim le 23/11/2020 à 6:43

    The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the next few decades, but oil demand is expected to continue to rise through 2035, said a senior executive of South Korea’s S-Oil Corp. Cho […]

  • Samsung Heavy, Daewoo Shipbuilding fetch over $4 bn in orders
    par Danbee Lee le 23/11/2020 à 6:11

    South Korea’s shipbuilding industry appears to be entering full recovery mode after almost a year-long drought in orders thanks to Samsung Heavy Industries Co., and Daewoo Shipbuilding & Marine Engineering Co. clinching orders exceeding a combined $4 billion.Samsung Heavy announced on […]

  • Goldman Sachs joins race for Korea’s beauty store chain
    par Yeonhee Kim le 23/11/2020 à 5:57

    Goldman Sachs Principal Investment Area (PIA) has entered the race for a stake in South Korea’s health and beauty franchise CJ Olive Young, becoming the only foreign bidder in a deal estimated at up to $405 million.Goldman Sachs PIA was added to the shortlist for a stake in the […]

  • Home interior platform nears unicorn status via $70mn funding
    par Danbee Lee le 23/11/2020 à 5:44

    South Korea-based startup Bucketplace, an operator of home interior app OHouse, has raised $77 million in Series C funding, moving a step closer to achieving unicorn status, or a startup with an enterprise value of 1 trillion won ($899 million) or more. The funding was led by global tech investment […]

  • Hyundai Motor, INEOS team up to explore growth in hydrogen economy
    par In-Soo Nam le 23/11/2020 à 5:22

    South Korea’s largest automaker Hyundai Motor Co. and London-based chemicals company INEOS have teamed up to explore new business opportunities in the global hydrogen economy.Hyundai Motor said On Nov. 23 that the two companies signed a memorandum of understanding on Nov. 20 to “jointly […]

  • S. Korea's foreign currency deposits hit record high on weaker dollar
    par Danbee Lee le 23/11/2020 à 11:10

    Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $52.8 billion as of Nov. 19.In addition to dollar deposits, banks' non-dollar holdings in yuan, euro and yen surged to 6.4 billion in yuan, 4.6 […]

  • Kakao, Google in talks over mobility partnerships
    par Danbee Lee le 22/11/2020 à 5:35

    Kakao Mobility Corp., the transportation arm of South Korea's No. 1 messaging operator Kakao Corp., is in talks with global IT giant Google over potential partnership opportunities, including equity investments, according to the investment banking industry on Nov. 22. The partnership, should it […]

  • KIC joins One Planet Sovereign Wealth Fund to bolster climate change efforts
    par Danbee Lee le 22/11/2020 à 1:38

    In a move to bolster its climate change efforts, Korea Investment Corporation has joined a group of international sovereign wealth funds in their aim to lessen climate change-related investment risk.The South Korean sovereign wealth fund pledged its commitment to the One Planet Sovereign Wealth […]

  • Korea to tighten grip on brokerages’ alternative investments
    par Yeonhee Kim le 20/11/2020 à 9:01

    South Korean brokerage firms' alternative investments worth over $50 billion will come under tight control, after reckless investment in overseas real estate left them with about $7 billion in unsold assets, according to financial regulatory sources on Nov. 20.The regulatory Financial Supervisory […]

  • Top Korean travel startup Yanolja taps 2021 IPO managers
    par Yeonhee Kim le 20/11/2020 à 6:15

    South Korea’s largest travel platform Yanolja has mandated Mirae Asset Daewoo Co. and Samsung Securities Co. to handle its initial public offering planned for next year, which may value the startup at up to 5 trillion won ($4.5 billion), according to investment banking sources on Nov. 20.The […]

  • LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV
    par In-Soo Nam le 20/11/2020 à 5:12

    South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufactured in China next year.LG Chem, the world’s largest EV battery maker, has been chosen as the sole supplier for the luxury SUV model, beating […]

  • KT&G resurfaces as coveted dividend player at year's close
    par In-Soo Nam le 20/11/2020 à 11:01

    KT&G Corp. has been a laggard on the main bourse for the most part of the year despite its solid financial health, putting South Korea’s dominant tobacco company on par with government bonds in terms of credit rating.Behind its poor stock performance was the company’s stagnant sales […]

  • S. Korean COVID-19 test kit maker eyes listing next year
    par Danbee Lee le 19/11/2020 à 9:01

    SD Bio Sensor, Inc., a South Korea-based manufacturer of COVID-19 test kits, is pushing to go public early next year, drawing market attention as a stock on the rise owing to the global pandemic.The company plans to file for preliminary screening to the Korea Exchange next month, according to the […]

  • Naver, Mirae Asset bolster presence in Southeast Asia via $898 mn fund
    par Danbee Lee le 19/11/2020 à 8:03

    South Korea’s platform giant Naver Corp., alongside Mirae Asset Daewoo Co., has been increasing investments into promising startups in Southeast Asia to bolster operations in the region and see handsome returns. This year alone, they invested over 100 billion won ($89.8 million) in Asian […]

  • Korean won off 29-month high on government warning
    par Yeonhee Kim le 19/11/2020 à 7:26

    The South Korean won suffered its biggest daily loss in five months against the dollar on Nov. 19, after Finance Minister Hong Nam-ki stepped up warnings against the won's recent advance to a 29-month high. The won has been the best performer among major currencies in the past two months, with the […]

  • Kolon Industries to mass produce key material for fuel cells
    par In-Soo Nam le 19/11/2020 à 5:04

    Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is readying for the mass production of a key material for fuel cells amid a government push for the early establishment of a hydrogen ecosystem.The company said on Nov. 19 that it will complete by the end of this […]

  • Lady Gaga lights up LG screen in Times Square
    par 유창재 le 19/11/2020 à 4:38

    Pop diva Lady Gaga’s '911' music video brightened up New York’s Times Square on Nov. 18. The video was played on LG Electronics’ giant LED display as part of a joint marketing campaign for LG OLED TVs ahead of the year-end shopping season. (Courtesy of LG Electronics)

  • Hankook Tire poised to supply for Tesla’s EV trucks
    par In-Soo Nam le 19/11/2020 à 3:30

    South Korea’s three leading tire makers are seeking a greater share of the global electric vehicle (EV)-only tire market, which is expected to grow to $178 billion over the next six years.Analysts say the companies are jockeying to win more contracts from EV makers amid industry forecasts […]

  • Pandemics beat crime as S.Koreans’ top social threat
    par Yeonhee Kim le 19/11/2020 à 2:57

    Pandemics and economic difficulty are cited as the biggest social risk factors by South Koreans, displacing crime and national security, which topped the list of social threats two years ago, according to a government survey.In a poll of 38,000 South Koreans aged over 13, one third of the […]

  • Companies listed on tech-heavy Kosdaq score high in Q3 on pandemic
    par In-Soo Nam le 19/11/2020 à 10:35

    South Korean companies listed on the tech-heavy Kosdaq market posted one of their best third quarters ever thanks to strong sales related to anti-virus products amid the COVID-19 pandemic.Non-contact, non-face-to-face companies in particular have seen a significant increase in their operating […]

  • Carpenters brew tea from 150-year-old Korean pine trees
    par Danbee Lee le 18/11/2020 à 10:53

    GANGNEUNG, Gangwon Province -- Gangneung, on the coast east of Seoul, is famously known as a coffee destination — but there's actually another delicacy the seaside city offers, tea made from 150-year-old pine trees.Gangneung boasts many 200- to 300-year-old traditional Korean houses, or […]

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