
S. Korea to intensify liquidity monitoring
Jan 09, 2021 23:49 pm UTC| Economy Business
South Korea will strengthen monitoring on increasing liquidity in the countrys stock and real estate markets on concerns that it might hurt financial stability. Liquidity has sharply increased due to fiscal stimulus and...

SK acquire 9.9% in Plug Power to explore hydrogen biz in China, Vietnam
Jan 09, 2021 23:32 pm UTC| Economy
SK Group would acquire a 9.9 percent stake worth 1.6 trillion won in New York-based hydrogen fuel cell-maker Plug Power as it eyes business opportunities in China and Vietnam. The groups holding firm SK Holdings and a...

S. Korea's construction firms awarded US$35 billion overses deals in 2020
Jan 08, 2021 23:46 pm UTC| Economy Business
South Koreas 359 construction firms posted 567 overseas deals from 98 nations worth $35.1 billion in 2020, up 57.3 percent the previous year to rise to the highest level in five years. According to the Ministry of Land,...

Market value of top 100 S. Korean firms surge 78% over 5 years
Jan 08, 2021 23:43 pm UTC| Economy Business
South Koreas top 100 firms exhibited a combined market value of 1,745 trillion won on Thursday, up 77.5 percent from 983 trillion won five years ago amid a recent stock market rally. According to the data from market...

Top investment banks upgrade economic outlook for S. Korea
Jan 08, 2021 23:39 pm UTC| Business Economy
Top global investment banks (IB) forecast the South Korean economy to grow 3.4 percent this year, up by 0.1 percentage point from their previous estimate. Credit Suisse upgraded its estimate by 0.7 percentage point to...
UK’s Marks and Spencer to ban Xinjiang cotton over China's alleged abuses on Uighur
Jan 08, 2021 05:28 am UTC| Business Economy
British supermarket chain Marks and Spencer (MS) will ban the use of cotton from the Xinjiang region in protest of Chinas alleged treatment of its Muslim Uighur minority. MS said it is one of the first companies that...

S. Korea's exports of kimchi hit all-time high of $119 million through Oct.
Jan 07, 2021 23:59 pm UTC| Economy Business
South Koreas exported an all-time high of $119 million worth of kimchi in the first 10 months of 2020, rising 36.4 percent from the previous year. The volume exported during the period was also a high of 32,000 tons,...