Game developer Shift Up Corp. jumped 18% in its first day of trade in South Korea after an initial public offering that raised 435 billion won ($320 million), the largest in the country for a gaming …
AliExpress-Temu user numbers rise again; Korean professor warns of business shift to China
The number of South Korean users on Chinese direct purchase platforms, such as AliExpress (Ali) and Temu, rebounded in June after two consecutive months of decline in April and May. According to …
Russia and China Launch Warship Patrols Around US Allies
Russia has dispatched a combat vessel to East Asian waters near U.S. allies Japan and South Korea for pointed patrols with a Chinese navy flotilla, Russia’s state-run news agency Tass reported.
Hyundai Motor, LG Energy Solution launch Indonesia’s first EV battery plant
JAKARTA, July 3 (Reuters) – South Korea’s Hyundai Motor Group and LG Energy Solution (LGES) on Wednesday inaugurated Indonesia’s first battery cell production plant for electric vehicles with an …
Exclusive: Hyundai India IPO banks set for country’s 2nd biggest payday with $40 mln fee, sources say
MUMBAI, June 26 (Reuters) – Banks advising South Korean automaker Hyundai on its India IPO are set to make as much as $40 million in fees, three sources said, a windfall in a market where banks …
Germany doesn’t expect a solution to EU tariff tensions on China trip
PAJU, SOUTH KOREA, June 21 (Reuters) – In his trip to China, Germany’s Economy Minister Robert Habeck … correspondent in Berlin covering German economics and the ministry of finance. Maria …
China is the true power in Putin and Kim’s budding friendship
More importantly, Russia and North Korea did not prioritise their relationship for decades. When he was friendly with the West, Mr Putin sanctioned Pyongyang twice and even joined the US, China, South Korea and Japan to persuade the North to give up its nuclear programme.
A magnitude 4.8 earthquake in southwestern South Korea cracks walls and leaves other minor damage
A magnitude 4.8 earthquake cracked walls, spilled items from store shelves and caused other minor damage in a fishing community in southwestern South Korea on Wednesday, but no injuries have been …
Why South Korea Banned Short Selling and When Could Ban Be Lifted?
Short sellers are facing the heat in South Korea after regulators extended a ban on the practice of selling borrowed shares. Their goal is to stop big investment banks engaging in illicit trading …
North Korea Building Walls Along Border With South, Yonhap Says
North Korea is constructing walls and digging roads on its side of the demilitarized zone along the border with South Korea, Yonhap News reported Saturday.