Korea
South Korea to cut forex stabilisation fund by a record in 2025
South Korea will cut the size of its foreign exchange stabilisation fund by more than 30 per cent next year, a record amount, though the government says that’s still...
Uber plans to step up fight with larger rival Kakao in South Korea
UBER Technologies aims to expand its South Korean business and take the battle to dominant domestic rival Kakao, highlighting the country’s importance as one of the US company’s few...
Uber CEO says seeing ‘double-digit growth’ in South Korea
THE head of US ride-hailing giant Uber said on Friday that the company was seeing double-digit growth in South Korea and was “committed” to the country, despite currently having...
Bank of Korea signals rate cuts as inflation, growth slow
SOUTH Korea’s central bank kept interest rates unchanged on Thursday but signalled it was ready to start easing policy as price pressures and growth eased, raising expectations for a...
David Yong from Netflix’s ‘Super Rich in Korea’ handed fourth fraud charge, granted bail
DAVID Yong, chief executive of Evergreen Group Holdings (GH), was on Thursday (Aug 15) slapped with a new charge under Section 477A of the Penal Code, related to falsification...
David Yong from Netflix’s ‘Super Rich in Korea’ handed fourth fraud charge, granted S$1 million bail
DAVID Yong, chief executive of Evergreen Group Holdings, was on Thursday (Aug 15) slapped with a new charge under Section 477A of the Penal Code, related to falsification of...
Mercedes, BMW reveal EV battery makers amid fire fears in South Korea
THE South Korean units of Mercedes-Benz Group and BMW disclosed the names of the companies that supply their electric-vehicle batteries for the first time after an EV explosion in...
South Korea to set guidelines to speed up switch to new interest rate swaps benchmark: sources
SOUTH Korea plans to announce guidelines to encourage the use of an alternative benchmark in its US$4.3 trillion interest rate swap market and replace Certificate of Deposit (CD) rates...
Singaporean David Yong from Netflix’s Super Rich In Korea faces more fraud charges, denied bail
SINGAPOREAN businessman David Yong was on Thursday (Aug 8) handed two new charges over falsifying accounts in relation to a promissory note arrangement involving Evergreen Group Holdings.
The 37-year-old chief...
