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South Korea

Intel South Korea

  • (LEAD) Foreign investors snap 21-day selling streak

    (ATTN: ADDS more details in last 5 paras)
    By Chung Joo-won
    SEOUL, Dec. 6 (Yonhap) — Foreigners on Friday ended their selling binge of South Korean stocks that had lasted the previous 21 sessions, helped by growing optimism that the protracted Sino-Ame


  • [News Focus] LG Chem, GM deal ups ante in EV battery competition

    The Friday announcement for a joint venture between South Korean battery maker LG Chem and US carmaker General Motors has upped the ante in the global competition to secure lithium-ion batteries for electric vehicles, according to industry sources on


  • 5G smartphones to boost revenue for Samsung Display

    Samsung Display faces new opportunities for sales growth as the growing demand for fifth-generation smartphones is expected to drive up sales of the firm’s small and medium-sized OLED panels, industry watchers said Sunday.OLED panels, a key com


  • Asia absorbs more than half of IPO funding in 2018: OECD report

    SEOUL, Dec. 8 (Yonhap) — Asia is rapidly growing rapidly as more than half of all equity capital raised through initial public offerings (IPOs) went to Asian companies in 2018, according to a recent OECD report.
    “Households outside of Asia have inc


  • Foreign holdings of S. Korean bonds drop to 6-month low

    SEOUL, Dec. 8 (Yonhap) — The total value of South Korean bonds held by foreigners dropped to the lowest level in six months, data showed Sunday, after non-residents largely cashed in their debt investments.
    Foreign investors owned 122.3 trillion wo


  • Half of Hyundai, Kia cars sold in US are SUVs

    More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since they launched operations in the world’s second-largest auto market, the companies said S


  • Hanwha Systems invests in U.S. unmanned aircraft firm

    SEOUL, Dec. 6 (Yonhap) — Hanwha Systems Co., the defense industry unit of Hanwha Group, said Friday it will invest in U.S. unmanned aircraft firm OverAir Ltd. to partner in the personal air vehicle (PAV) business.
    Hanwha Systems will purchase a 30


  • Korean investors turn to real estate, less interested in stock market

    Korean investors have been turning their attention toward the real estate market, reflected in an increase in mortgage lending, while cash flows in the equity market have been overall stagnant, recent data showed. According to data released by the Ba


  • Seoul stocks to move in tight range next week amid trade uncertainties

    SEOUL, Dec. 7 (Yonhap) — Seoul stocks are set to move in a tight range next week as investors will keep a close eye on whether the United States and China reach a trade deal, staving off concerns over new U.S. tariffs scheduled to be imposed on Chines


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