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South Korean business & finance

  • Thursday, 9 January, 2025
    Automobiles
    Hyundai pours $16.7bn into EV development at home as it braces for Trump tariffs

    World’s third-largest carmaker is grappling with tougher competition abroad and sluggish demand in South Korea

    Hyundai Motor's Ioniq 6 is showcased at a car dealership in Seoul
  • Wednesday, 8 January, 2025
    Samsung Electronics Co Ltd
    Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business

    Fourth-quarter earnings hit by greater investments in advanced chip manufacturing

    Samsung’s HBM3E chip stacked on top of other DDR modules
  • Thursday, 2 January, 2025
    South Korean investors pile into US equities as domestic stock market languishes

    Retail investors expect Trump rally to continue and Tesla is a favourite with Musk praising country’s ‘smart people’

    Dealers work in front of multiple monitors displaying financial data.
  • Tuesday, 24 December, 2024
    News in-depthSouth Korea Economy
    ‘A hostage situation’: South Korea paralysed in fight against Trump tariffs

    Companies fear political vacuum in Seoul will leave them vulnerable to tariffs and loss of subsidies

    A Samsung SDI new concept electric vehicle battery pack displayed at the InterBattery exhibition in Seoul
  • Tuesday, 10 December, 2024
    Energy Source
    New Koreatowns rise in US amid cleantech boom Premium content

    The communities are an unintended side-effect of growing South Korean investment in the US

    A Korean restaurant in a shopping centre in Commerce, Georgia
  • Sunday, 8 December, 2024
    Special ReportInvesting in America
    As South Korean investment grows, so do ‘Koreatowns’

    Companies such as Samsung, Hyundai and LG have helped bring Korean culture to unexpected corners of the US

    A collage-style artwork featuring the Statue of Liberty in the foreground, a $100 bill overlay in red, a city skyline in blue, and dynamic red and blue data lines intersecting the image
  • Friday, 6 December, 2024
    South Korea Economy
    Trump tariffs a bigger concern than martial law crisis, says Korean central bank chief

    Governor highlights US president-elect’s threats and intensifying competition from Chinese exporters

    Rhee speaks at a Bank of Korea press conference
  • Wednesday, 4 December, 2024
    Lex
    South Korea’s political shock will reverberate for markets Premium content

    Local stocks will have to price in a higher political risk premium to keep investors onboard

    A screen displays the Korea Composite Stock Price Index
  • Wednesday, 4 December, 2024
    South Korea vows market support in wake of turmoil

    Won flat and Korean stocks fall 1.4% as central bank says it is keeping all options open until situation stabilises

    A screen displays the Kospi at the Korea Exchange headquarters in Seoul on Wednesday
  • Wednesday, 4 December, 2024
    South Korea Economy
    South Korea crisis as it happened: Opposition parties move to impeach president as thousands protest
  • Thursday, 28 November, 2024
    Bank of Korea
    South Korea lowers interest rates over Trump fears

    Rare back-to-back cut reflects concern over impact of incoming US president’s policies

    Bank of Korea governor Rhee Chang-yong at a press conference
  • Saturday, 23 November, 2024
    News in-depthCorporate Person in the News
    Samsung’s princeling heir Lee Jae-yong grapples with corporate crisis

    Chip woes and labour unrest test the mettle of third-generation leader of South Korea’s most valuable company

    A photo of Lee smiling
  • Monday, 18 November, 2024
    Samsung Electronics Co Ltd
    Samsung shares rise on ‘desperate’ buyback plan

    First repurchases in seven years are aimed at boosting stock and may help avoid margin call for founding family

    The logo of Samsung on the Samsung R&D Center, in Hanoi, Vietnam
  • Friday, 15 November, 2024
    Hyundai appoints US citizen as co-chief to face Trump challenges

    South Korean carmaker’s first foreign head may have to combat higher tariffs and end of electric vehicle subsidies

    A sign at the Hyundai electric vehicle and battery manufacturing facility under construction in Ellabell, Georgia
  • Thursday, 31 October, 2024
    Samsung Electronics Co Ltd
    Samsung falls short of expectations as chipmaker fails to reap AI benefits

    Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK Hynix

    A Samsung Electronics 12-layer HBM3E memory chip displayed on a monitor, showcasing its structure and design at the Semiconductor Exhibition in Seoul, South Korea
  • Wednesday, 30 October, 2024
    News in-depthSamsung Electronics Co Ltd
    Samsung’s smartphone crown slips with company in crisis

    Korean tech giant is losing market share to US rival Apple and Chinese players

    A hand examines foldable smartphones on a stand
  • Tuesday, 29 October, 2024
    Industrial espionage
    China arrests South Korean chip engineer on espionage charges

    Move escalates battle over intellectual property theft between Beijing and Seoul in critical semiconductor sector

    Sunset over Swan Lake financial business district, Hefei city, China
  • Tuesday, 8 October, 2024
    Samsung Electronics Co Ltd
    Samsung issues public apology after falling behind on AI

    Chip division head says performance has not met expectations as company’s latest earnings guidance disappoints

    Flags with the Samsung Electronics logo and the South Korean national flag fly in front of a modern high-rise building at Samsung Electronics' headquarters in Suwon, South Korea
  • Wednesday, 2 October, 2024
    Private equity
    Bain joins battle for control of world’s biggest zinc smelter

    Big commodities groups watching outcome as founding families vie for Korea Zinc

    Water vapour and smoke rise from the Korea Zinc smelting factory in Ulsan, South Korea
  • Tuesday, 24 September, 2024
    Bank of Korea
    South Korea’s central bank chief warns over Gangnam-style housing boom

    Rhee Chang-yong calls for caps on university admissions from upmarket capital districts to check price growth

    Pedestrians walk along a street in the Gangnam district of Seoul, with modern buildings and trees lining the sidewalk. A person is seen sweeping the pavement on the left side of the image.
  • Wednesday, 18 September, 2024
    Global Economy
    South Korea emerges as a top US investor as China tensions escalate

    US project commitments from South Korean companies totalled $21.5bn last year, more than any other country

    The Hyundai electric-vehicle and battery manufacturing plant under construction in Ellabell, Georgia
  • Tuesday, 17 September, 2024
    News in-depth
    From steel to kimchi, South Korean exporters face flood of Chinese rivals

    Overproduction, tariffs and weak demand increase competition with a glut of low-cost goods

    Workers wash cabbage in a kimchi factory in Yeoncheon, South Korea
  • Sunday, 15 September, 2024
    South Korea’s stock exchange chief defends slow start to corporate reform drive

    Only 1% of 2,600 listed companies have signed up to new initiative aimed at boosting valuations

    Jeong Eun-bo  speaks at a press conference
  • Wednesday, 4 September, 2024
    Business InsightChristian Davies
    The real lessons South Korea should learn from an EV fire

    Alarm has risen in Seoul over industrial groups losing their technological edge

    A car park with vehicles that were destroyed as the result of a Mercedes Benz electric vehicle fire in Incheon, South Korea on August 2 2024
  • Thursday, 29 August, 2024
    Nuclear energy
    South Korea pushes to export nuclear reactors to Europe

    Asian nation seeks to become leading player in market dominated by China and Russia

    The Barakah nuclear power plant under construction  in the desert of Abu Dhabi
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