Has South Korea really struck oil?
Financial feasibility remains uncertain as each well costs 100 billion won ($72.6 million) to drill, with no guarantee of viable reserves The South Korean government is making headlines with claims of potentially substantial oil and natural gas reserves discovered off its southeastern coast, near Po
June 4, 2024 - 14:46:57
Korea yet to welcome spot crypto ETFs
With lack of regulatory framework, ‘crypto whale’ misses out on lucrative market opportunities While the US Securities and Exchange Commission made another move to embrace cryptocurrency by approving exchange-traded funds tied to the price of ether, the most famous crypto after bitcoin, spot cryptoc
June 3, 2024 - 15:16:52
Hyundai eyes IPO to leverage presence in India
$3b stock debut poised to become India‘s largest listing Hyundai Motor Group is aiming to list its Indian subsidiary, Hyundai Motor India, in the coming months, raising up to $3 billion in a landmark initial public offering, according to industry sources Monday. HMI reportedly plans to file for the
June 3, 2024 - 15:15:53
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 - 14:00:36
Hong 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 - 17:59:33
Why 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 - 16:10:30
Hyundai-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 - 15:22:04
Naver’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 - 15:38:03
Hyundai 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 - 15:42:02
Can 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 - 15:46:59
Will 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 - 16:18:55
No 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 - 18:00:53
Korean 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 - 15:36:51
Will 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 - 15:13:49
Hyundai‘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 - 14:59:52