South
AI craze drives record quarterly foreign flows to South Korean stocks
INVESTORS’ frenzy over artificial intelligence (AI) drove the largest quarterly foreign inflow to South Korean shares, contributing to a global rally in AI-related stocks.Overseas investors bought a net US$12.2...
Seoul bus drivers strike over pay, snarling commute in South Korean capital
BUS drivers in the South Korean capital of Seoul went on strike on Thursday (Mar 28) after last ditch efforts at negotiating a wage hike broke down, snarling the...
South Korea to cut corporate, dividend income tax to boost shareholder returns
SOUTH Korea will provide tax cuts for companies that raise shareholder returns and also cut taxes on dividend income for shareholders in the firms, the finance minister said on...
Ikea plans to spend 300 million euros in South Korea to win market share
SWEDISH furniture maker Ikea plans to spend about 300 million euros (S$437.3 million) in South Korea over the next three years to increase market share in the Asian country....
Hyundai and Kia to recall nearly 170,000 EVs over software problem in South Korea
HYUNDAI Motor and sister company Kia will recall about 170,000 electric vehicles (EVs) in South Korea over problems with software in the charging systems, South Korea’s transport ministry said...
Key Samsung shareholder vote to test South Korea’s commitment to corporate reforms
A BATTLE between shareholders of South Korea’s most valuable business group is set to test the nation’s commitment to enhance corporate returns and valuations. The clash will take place...
South Korea moves closer to extending onshore won trading hours
SOUTH Korea will undertake another test of after-hours trading of the won as authorities prepare to extend the currency’s trading session. Some banks will be allowed to exchange the...
China’s CNOOC makes 100 million ton oilfield discovery in South China Sea
CHINESE state-owned oil and gas giant CNOOC has discovered a new reserve in the South China Sea containing over 100 million tons of oil equivalent proved in-place, the company...
