Korea

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Korea Electric Power Corporation (KEPCO) and Korea Gas Corporation (KOGAS) reported that they spent 1.5 trillion won solely on interest expenses in the first quarter.
Kim Minyoung 05/26/2024 06:22 AM
(Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] Korea Electric Power Corporation (KEPCO) and Korea Gas Corporation (KOGAS) ...

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Morgan Stanley "Bank of Korea interest rate cut from October"
Kim SangJin 05/23/2024 03:47 AM
(Photo= Yonhap news)[Alpha Biz= Reporter Kim Sangjin] Morgan Stanley, a global investment bank, pointed to October this year as th ...

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GEPS is recruiting a domestic private equity fund (PEF) manager to invest 1.4 trillion won of funds.
Kim SangJin 05/21/2024 03:16 AM
(Photo= GEPS) [Alpha Biz= Reporter Kim Sangjin] GEPS (Government Employees Pension Service) is seeking to recruit a domestic priva ...

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K Ramen has achieved its first milestone of monthly exports surpassing $100 million, marking a twofold growth over the past four years.
Kim Jisun 05/20/2024 01:01 AM
[Alpha Biz= Reporter Kim Jisun] According to Korea Customs Service trade statistics on the 19th, the monthly export value of ramen ...

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The Bank of Korea renewed a currency swap agreement worth 5 trillion won with Malaysia.
Kim Minyoung 05/14/2024 03:23 AM
(Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] The Bank of Korea announced on the 13th that it has renewed its one-ringgi ...

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Gyeonggi Province Governor and Democratic Party of Korea representative Lee Jae-myung strongly criticized the government for not taking decisive action against Japan's "Line intrusion.
Kim Jisun 05/13/2024 03:21 AM
[Alpha Biz= Reporter Kim Jisun] Lee Jae-myung, the representative of the Democratic Party of Korea, strongly criticized the govern ...

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Moody's has maintained South Korea's credit rating at 'Aa2, stable,' while predicting a growth rate of 2.5%.
Paul Lee 05/10/2024 03:56 AM
[Alpha Biz= Reporter Paul Lee] On the 9th, international credit rating agency Moody's announced that it would maintain South Korea ...

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The South Korean government plans to provide 9.7 trillion won in policy financing this year to support the self-reliance of the domestic battery and automotive industries' supply chains.
Kim Minyoung 05/09/2024 03:22 AM
(Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] The South Korean government plans to support the self-reliance of the domes ...

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Government's online civil service Government 24 launched an investigation by the Personal Information Protection Commission on the issuance of more than 1,200 errors
Paul Lee 05/07/2024 03:56 AM
[Alpha Biz= Reporter Paul Lee] Recent errors in the government's online complaint service, Government 24, have prompted the Person ...

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The OECD has significantly upgraded its growth forecast for South Korea, raising it from 2.2% to 2.6%.
Kim Minyoung 05/03/2024 06:47 AM
(Photo= Yonhap news)[Alpha Biz= Reporter Kim Minyoung] The Organization for Economic Co-operation and Development (OECD) has made ...

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The The Rebuilding Korea Party pointed to the Japanese government's response to Yoon Seok-yeol's growing pressure to sell Naver's stake in Line
Kim Minyoung 04/29/2024 03:10 AM
(Photo = Yonhap news) [Alpha Biz= Reporter Kim Minyoung] Recently, amid growing pressure from the Japanese government and politica ...

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The Fair Trade Commission's sanctions on large domestic companies plunged 90% to 224.8 billion won last year
Paul Lee 04/25/2024 02:51 AM
(Photo = Yonhap news) [Alpha Biz= Reporter Paul Lee] The amount of sanctions imposed by local and foreign regulators has been redu ...

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National Pension Service stock valuation decreased by 1.6555 trillion won this year
Kim Minyoung 04/22/2024 03:25 AM
(Photo = Yonhap news)[Alpha Biz= Reporter Kim Minyoung] This year, the National Pension Service's stock valuation fell by KRW 1.7 ...

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Samsung Electronics Chairman Lee Jae-yong has been named the "Richest Person in Korea" by Forbes of the United States.
Paul Lee 04/19/2024 06:23 AM
Lee Jae-yong, chairman of Samsung Electronics (photo=Samsung Group)[Alpha Biz= Reporter Paul Lee] Samsung Electronics Chairman Lee ...

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The U.S. Justice Department has indicted a former North Korean diplomat on charges of money laundering and bank fraud
Paul Lee 04/17/2024 07:22 AM
Copy of the indictment (photo = Yonhap news) [Alpha Biz= Reporter Paul Lee] A former North Korean Embassy official in Thailand who ...

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North Korea launches a salute to celebrate Kim Il Sung's birthday
Kim Minyoung 04/16/2024 03:12 AM
(Photo = Yonhap news) [Alpha Biz= Reporter Kim Minyoung] Korean Central News Agency reported on the 15th that North Korea held a n ...

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The provisional voter turnout for the 22nd general election was 67.0%, the highest in 32 years.
Paul Lee 04/11/2024 08:06 AM
(Photo = Yonhap news)[Alpha Biz= Reporter Paul Lee]The turnout for the April 10 general elections was tentatively tallied at 67.0% ...

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The government invests 640 billion won in manufacturing-based industries
Paul Lee 04/09/2024 03:43 AM
[Alpha Biz= Reporter Paul Lee] The government will invest 636.9 billion won this year in industries that are the basis of manufac ...

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Korean private investors bought 1.3 trillion won worth of Japanese stocks for a year
Paul Lee 04/08/2024 03:19 AM
(Photo = Yonhap news data photo)[Alpha Biz= Reporter Paul Lee] Local stock investors bought KRW 1.3 trillion worth of Japanese sto ...

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The government announced that it will invest KRW 2 trillion in bio-health R & D 2 this year
Kim Minyoung 04/05/2024 03:15 AM
[Alpha Biz= Reporter Kim Minyoung] Park Min-soo, the second vice minister of the Ministry of Health and Welfare, presides over the ...