economy
Samsung SDI, a leading manufacturer of secondary batteries, is planning a capital increase of 2 trillion won ($1.7 billion) to boost its competitiveness and accelerate growth. The funds raised will…
Medium-sized construction companies in Gyeongnam, South Korea, are facing financial difficulties and have applied for court receivership, causing damage to their subcontractors. The reasons for the crisis include large-scale unsold…
Kim Byung-ju, chairman of MBK Partners, has committed to personally fund payments to small business suppliers of Homeplus, a company facing rehabilitation. The payments are expected to total hundreds of…
KB Financial Group’s ‘2025 KB Real Estate Report’ predicts a general stabilization in the housing market this year, with regional differentiation and government policies being key influences. The report identifies…
The trade war between the U.S. and China is escalating, with both countries imposing tariffs and retaliatory measures. Korean companies exporting intermediate goods to China and investing in the U.S.…
A consortium of Lotte Construction and GS Construction has won a KRW 709.4 billion redevelopment project in Sanggye 5 District, Nowon-gu, Seoul. The project, known as the High Five Project,…
The US-China trade war is escalating, impacting Korean companies exporting intermediate goods and investing in the US. The Korea Trade Association warns of the risk of Korean companies being implicated…
A consortium of Lotte Construction and GS Construction has won a redevelopment project in Sanggye 5 District, Seoul, valued at 709.4 billion won. The consortium, known as the High Five…
The Seoul Metropolitan Government is set to announce an ordinance that integrates public-supported private rental housing for youth, elderly, newlyweds, and Seoul-style shared housing into one building. Previously, these types…
Last year, private housing starts were the second lowest on record, with 235,171 units, significantly below the 10-year average of 397,044 units. The number of private housing starts has been…