South Korea

Samsung's Galaxy Mega phone to launch in South Korea

Samsung would launch its newest smartphone, Galaxy Mega, in its home market.

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Shinsegae invests KRW2.5 trillion to create jobs for South Korea

South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.

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Chinese-owned securities in South Korea jumps 42-fold

According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.

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South Korea expresses concern about US veto on Apple ban

South Korea expressed its concerns regarding the Obama administration’s decision to overrule a sales ban of Apple’s iPhone 4 and iPad 2.

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Korea's Lotte Department Store considers Singapore for US$1 billion IPO

Lotte Department Store was considering an IPO in Singapore worth US$1 billion.

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SK to review bids for US$7.31 billion fighter jet contract

South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.

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ING sells business in SK to Macquarie Group

ING announced that they have reached an agreement to sell its investment management business in South Korea to Macquarie Group

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JPMorgan starts to buy South Korean Equities

JPMorgan have started buying South Korean Equities due to their current valuations.

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Woori Sale Expected to Succeed Through Breakup

The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.

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South Korea Issues Bond-Market Aid Package

South Korea issued a bond-market aid package.

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Asia's shipping industry offers opportunities for investors

Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.

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South Korea: $7.3 Billion Fighter Jet Bidding Temporarily Suspended

South Korea is temporarily suspending $7.3 billion fighter jet bidding

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Gunnebo Acquires Turnstile Dealer

Gunnebo Security Group announced acquisition of all shares in ATG Entrance Corporation, the company’s turnstile distributor in South Korea for 10 years.

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HSBC closes retail banking and wealth management in South Korea

HSBC Holdings Ltd would exits its retail banking and wealth management business in Korea to focus more on the profitable enterprises.

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Hyundai Rotem (South Korea) goes public

Hyundai Rotem IPO is now official.

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