South Korean stocks react to geopolitical tensions with a 2% drop
South Korean stocks faced a tumultuous day of trading as geopolitical tensions escalated in the Middle East. The benchmark Korea Composite Stock Price Index (KOSPI) [more…]
Category: South Korea
South Korean stocks surge as currency falters
In a curious turn of events, South Korean stocks soared to a 22-month high on Wednesday, echoing Wall Street’s overnight rally fueled by tech giants, [more…]
South Korea’s exports surge for fifth straight month, fueled by chip shipments
South Korea’s exports continued their upward trend in February, marking the fifth consecutive month of growth. The country’s outbound shipments totaled US$52.4 billion, a 4.8 [more…]
Retail sales in South Korea surge in January
South Korea’s retail sector saw a robust 8.2 percent year-on-year growth in January, largely driven by the strong performance of online platforms, according to the [more…]
South Korea’s car exports soar in 2023, fueled by demand for eco-friendly models
South Korea’s car exports witnessed a remarkable surge in 2023, recording a 31 percent increase compared to the previous year. This growth was driven by [more…]
South Korean pharma giant, Celltrion, initiates share cancellation to enhance value
South Korean pharmaceutical giant Celltrion Inc. has announced its decision to cancel approximately 1 percent of its outstanding shares, a move aimed at bolstering shareholder [more…]
South Korean companies face profitability crunch amid economic challenges
In the face of a challenging economic environment, South Korean companies experienced a decline in sales growth and a narrowing of profitability in the third [more…]
Traditional Korean delicacy aims for record year as kimchi exports soar
South Korea’s kimchi export industry is experiencing a remarkable surge, with data revealing a 10 percent year-on-year increase in outbound shipments through October of this [more…]
South Korean stocks face headwinds amid U.S. government shutdown concerns and Moody’s rating cut
South Korean stocks experienced a downward trend on Monday, fueled by growing concerns over a potential US government shutdown following a downgrade in Moody’s rating [more…]
Coupang shares slides overshadowing its record Q3 earnings and growing customer base
In a recent announcement, South Korean e-commerce giant Coupang has continued its impressive financial winning streak by revealing record third-quarter earnings. These outstanding results are [more…]