

US crackdown on Chinese connected vehicles unsettles Korea
Korean auto industry urges clarity, citing complexity of mobility supply chains The South Korean government and automotive industry are on high alert as the US prepares to enforce regulations on Chinese-made connected vehicles this fall, citing national security concerns about potential data leaks i
May 26, 2024 - 14:00:36Hong Kong rally spurs hope for ELS loss mitigation
ELS products maturing from July onwards set to avoid losses if HSCEI reaches 7,500 Hong Kong stocks surged to a 10-month high Monday, continuing a bullish rally and sparking hopes of South Korea‘s recovery from significant losses tied to equity-linked securities tracking the Chinese index. The Hang
May 21, 2024 - 17:59:33Why Korea‘s so tough on short selling
Following November ban, 9 foreign banks busted for illegal stock short sales worth $155m Since November, South Korea has intensified its crackdown on illegal short selling by institutional investors, uncovering widespread practices among global banks. In an interim results announcement earlier this
May 19, 2024 - 16:10:30Hyundai-backed Motional’s struggles deepen as Tesla eyes August robotaxi debut
Motional, Hyundai Motor Group’s robotaxi service joint venture in the United States, has hit a rough patch recently, facing major investor pullouts, a delayed service launch and a drastic 40 percent workforce reduction. This turbulence comes as Elon Musk recently announced Tesla’s plans to launch it
May 16, 2024 - 15:22:04Naver’s Line dilemma: Lose global footing for cash?
Stake value estimated at $8b, almost half of Naver’s market cap Regardless of the ongoing diplomatic brouhaha, many industry watchers expect Naver to divest its stake in the 50:50 joint venture with SoftBank that controls the Line messenger app and Yahoo Japan. The issue is how much cash it could se
May 14, 2024 - 15:38:03Hyundai Motor’s plan for new landmark keeps hitting bumps
After decade-long talks, carmaker, city still at loggerheads over height of new Gangnam skyscrapers Hyundai Motor Group’s plan to build a new headquarters called Global Business Center, or GBC, as a landmark in southern Seoul still faces bumps after having already undergone decade-long obstacles as
May 13, 2024 - 15:42:02Can tech firms‘ AI alliances take on Nvidia?
It‘s ’now or never‘ if Korean firms are to secure leadership in AI chip industry, experts warn Tech firms have joined forces both domestically and globally to take on US chip giant Nvidia in the AI chip sector, which has enjoyed a near monopoly in the burgeoning market. An increasing number of globa
May 7, 2024 - 15:46:59Will alternative trading platform shake up Korean stock market?
Nextrade aims to eat into near 70-year KRX monopoly Korea’s stock market is set to enter a new phase with the upcoming launch of the first alternative trading system for the Korea Exchange, the nation’s sole bourse operator that has enjoyed almost 70 years of monopoly. Nextrade, a consortium of 34 s
May 1, 2024 - 16:18:55No more ‘Michael’ at Kakao Games
Amid major reform push at Kakao, game developer affiliate moves to stop using English names in office Kakao Games has decided to scrap using English names among its employees, becoming the first Kakao affiliate to backtrack on the IT front-runner’s attempt to make a more bottom-up working environmen
April 28, 2024 - 18:00:53Korean shipbuilding stocks rally: Real growth or bubble?
Since mid-March, Korea‘s leading shipbuilders have seen a significant uptick in their stock prices. Despite a sluggish start to the year due to a saturated order book and limited production capacity, renewed optimism has emerged among investors, possibly due to the anticipated benefits from escalati
April 25, 2024 - 15:36:51Will 6-day workweek for executives help Samsung avert crisis?
Lee Jae-yong seeks to tighten discipline across group management as risks mount, experts say Doubts have been raised over Samsung Group’s latest decision to make the executives of its key tech affiliates -- Samsung Electronics, Samsung SDI, Samsung SDS and Samsung Display -- work an extra day per we
April 21, 2024 - 15:13:49Hyundai‘s full hybrid edge to pay off amid slow transition to pure EVs
Traditionally dominated by Japanese manufacturers like Toyota and Honda, the hybrid vehicle sector is now seeing renewed interest from global automakers looking to improve profitability amid delayed growth of pure electric vehicle sales. Among them, Hyundai Motor Group stands out as one of the few k
April 18, 2024 - 14:59:52How should Korea adjust its trade defenses against Chinese EVs?
Korea, home of the world’s third-largest automaker, Hyundai Motor Group, finds itself at a critical juncture as the rise of Chinese-made electric vehicles in the domestic market poses a complex challenge: how to protect national interests while embracing the inevitable shift toward electrification.
April 15, 2024 - 14:30:52Banks puzzled by derivatives misselling proposal
Absence of court involvement ‘exceptional’ for Korea, experts say South Korean regulators’ push for banks to make up for investors’ losses incurred from equity-linked securities tied to a Hong Kong index has left both Korean and foreign banks baffled. Korea‘s major lenders accepted compensation guid
April 8, 2024 - 18:13:29Political leeks: Scallions become election attack line
The green onion, a beloved vegetable among South Koreans, has unexpectedly become the latest political weapon for opposition parties to attack President Yoon Suk Yeol and the ruling party. It all started with Yoon‘s visit to a hypermarket in southern Seoul on March 18, just before he rolled out meas
April 7, 2024 - 18:40:33