The Korea Economic Daily

The Korea Economic Daily The Korea Economic Daily is a digital media platform for economic and business news on South Korea

South Korea’s new Acting President Choi Sang-mok is confident that the country’s economy is resilient and its national s...
27/12/2024

South Korea’s new Acting President Choi Sang-mok is confident that the country’s economy is resilient and its national security is tight despite the growing political wrangling.



South Korea’s new Acting President Choi Sang-mok said on Friday he is confident that the country’s economy is resilient and its national security i

SoftBank-backed Yanolja launched NOL Universe after merging Yanolja and InterparkTriple OTA platforms. ...
27/12/2024

SoftBank-backed Yanolja launched NOL Universe after merging Yanolja and InterparkTriple OTA platforms.

SoftBank-backed Yanolja Co., South Korea’s top travel and accommodation booking platform operator, on Friday introduced a new platform called NOL Univers

M&As of South Korean startups halved in value in 2024 from 2023, with the average deal size shrinking. &As
27/12/2024

M&As of South Korean startups halved in value in 2024 from 2023, with the average deal size shrinking. &As

Mergers and acquisitions of South Korean startups halved in value in 2024 as conglomerates and Big Tech firms such as Naver Corp. and Kakao Corp. snapped a buy

South Korea’s Acting President Han Duck-soo was impeached in Parliament in a deepening political crisis, battering the a...
27/12/2024

South Korea’s Acting President Han Duck-soo was impeached in Parliament in a deepening political crisis, battering the already weak economy.



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Han Duck-soo, South Korea’s acting president and prime minister, was impeached at Parliament on Friday in a deepening political crisis, battering the alr

Hantok Chemicals, Lotte Chemical’s joint venture with Japan’s Tokuyama Corp., has agreed to build a specialty chemical p...
27/12/2024

Hantok Chemicals, Lotte Chemical’s joint venture with Japan’s Tokuyama Corp., has agreed to build a specialty chemical production plant in South Korea.

Lotte Chemical Corp.'s joint venture with Japan’s Tokuyama Corp. will ramp up specialty chemical production to accelerate its shift away from the basic c

Korean retail giant Shinsegae has joined forces with China’s Alibaba to better compete in Korea’s fast-paced online reta...
26/12/2024

Korean retail giant Shinsegae has joined forces with China’s Alibaba to better compete in Korea’s fast-paced online retail sector.



South Korea’s retail conglomerate Shinsegae Group has joined forces with Chinese online shopping giant Alibaba Group Holding Ltd. to better compete in Ko

Seoul Semiconductor, the world’s No. 3 light emitting diode (LED) display maker, has won a patent litigation case agains...
26/12/2024

Seoul Semiconductor, the world’s No. 3 light emitting diode (LED) display maker, has won a patent litigation case against Philips Lighting, currently Signify.

Seoul Semiconductor Co., whose founder and CEO has not cut his hair since 2018 to concentrate on patent lawsuits, has moved up one notch to third place in the

Koreans' daily cryptocurrency trading volume exceeded the combined trading volume of stocks on the Kospi and Kosdaq. ...
26/12/2024

Koreans' daily cryptocurrency trading volume exceeded the combined trading volume of stocks on the Kospi and Kosdaq.

The number of South Koreans investing in cryptocurrencies has recently surpassed 15 million, which accounts for about 30% of the country’s population, fo

Hanmi Pharmaceutical Group Chairman Song Young-sook is poised to claim a victory in a year-long management dispute with ...
26/12/2024

Hanmi Pharmaceutical Group Chairman Song Young-sook is poised to claim a victory in a year-long management dispute with her eldest son Lim Jong-yoon. Lim agreed to sell some of his shares in its holding firm to her mother-led group.

Hanmi Pharmaceutical Group Chairman Song Young-sook is poised to claim a victory in a year-long dispute with her eldest son Lim Jong-yoon to take control of th

South Korea is considering a temporary visa waiver for Chinese group tourists to boost its tourism industry, spooked by ...
26/12/2024

South Korea is considering a temporary visa waiver for Chinese group tourists to boost its tourism industry, spooked by the botched Dec. 3 martial law declaration and the impeachment of President Yoon Suk Yeol.

South Korea is considering temporary visa exemptions for Chinese group tourists to boost the domestic tourism industry, spooked by the botched Dec. 3 martial l

Private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of ...
26/12/2024

Private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of SK Enpulse, wholly owned by SKC, for about $230 million, the latest in the series of its SK Group business arms. &Co

Seoul-based private equity firm Hahn & Co. has agreed to buy the chemical mechanical polishing (CMP) pads manufacturing division of SK Enpulse Co., wholly

A record $34 billion in Korean corporate bonds mature in the first half of 2025, boding ill for companies seeking to rai...
25/12/2024

A record $34 billion in Korean corporate bonds mature in the first half of 2025, boding ill for companies seeking to raise funds amid worsening business conditions.



South Korea’s financial markets will see nearly 50 ($34 billion) in corporate bonds mature in the first half of next year – an all-time high for si

Samsung is showcasing an AI-powered home heat pump system at CES 2025 to enhance its presence in the fast-growing US HVA...
25/12/2024

Samsung is showcasing an AI-powered home heat pump system at CES 2025 to enhance its presence in the fast-growing US HVAC market.



South Korean tech giant Samsung Electronics Co. is unveiling an AI-powered home heat pump system at the upcoming CES 2025 event as it strives to enhance its pr

South Korea is now a super-aged society, where 20% of the population is 65 years old and older.
24/12/2024

South Korea is now a super-aged society, where 20% of the population is 65 years old and older.



One in five South Koreans is now 65 years old or older as the Asian country is grappling with the demographic challenge of a rapidly aging population and the w

POSCO Group carried out a drastic overhaul of top management as it is grappling with cheap Chinese imports, slowing EV d...
24/12/2024

POSCO Group carried out a drastic overhaul of top management as it is grappling with cheap Chinese imports, slowing EV demand and economic slowdown. &C

POSCO Group on Monday replaced chief executives of key seven units in a drastic overhaul of the South Korean steel-to-battery materials group to shift its focu

Naver has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service using QR codes across Chi...
24/12/2024

Naver has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service using QR codes across China.



South Korean tech giant Naver Corp. said on Tuesday it has partnered with WeChat Pay to offer a Naver Pay mobile pay and digital wallet service using QR codes

South Korea will ease rules and offer incentives to facilitate the restructuring of domestic petrochemical makers. ...
24/12/2024

South Korea will ease rules and offer incentives to facilitate the restructuring of domestic petrochemical makers.

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global supply glut and

South Korea’s private equity firm Hahn & Co. is set to acquire a controlling stake in the world’s top specialty gas prod...
24/12/2024

South Korea’s private equity firm Hahn & Co. is set to acquire a controlling stake in the world’s top specialty gas producer SK Specialty Co. at 2.7 trillion won ($1.9 billion), investment banking industry sources said.



South Korea’s private equity firm Hahn & Co. is set to acquire a controlling stake in the world’s top specialty gas producer SK Specialty Co. a

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