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…]
Category: South Korea
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…]
South Korea no longer on U.S. Treasury’s watchlist for currency practices
In a recent announcement by the US Treasury Department, South Korea has been removed from its list of trading partners closely monitored for unfair foreign [more…]
South Korean stocks surge as short selling ban takes effect
South Korean stocks experienced an unprecedented surge on Monday, with the benchmark Korea Composite Stock Price Index (KOSPI) soaring by 5.6 percent, marking its sharpest-ever [more…]
Asia’s manufacturing woes persist amid Middle East conflict
Amidst the ongoing turmoil in the Middle East, Asia’s manufacturing sector faces a new wave of obstacles that threaten its path to recovery. The latest [more…]