Korea Finance

Asia IPOs face headwinds after record year of fundraising

(Bloomberg) – After a record year of stock quotes, Asian companies may struggle to repeat success in 2022 given the prospect of rising interest rates and China’s tightening grip on big technologies. Bloomberg’s Most Read Thanks to a meteoric first half in the midst of a global boom, initial public …

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Employees frustrated by inflation

Employees frustrated by inflation – Korea Times Finance 2021-12-17 15:00 Employees frustrated by inflation Bank of England By Lee Kyung-min Inflation is no longer a term used only by researchers to describe the economy, as exemplified by salaried workers clearly experiencing soaring prices of almost all frequently purchased goods and …

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Dry bulk player SW Shipping plans to enter the booming container market

Donghae Port Credit POSCO By Martina Li in Taiwan 12/15/2021 South Korean dry bulk carrier operator SW Shipping will become the newest entrant in container shipping next year, operating a shortsea service to Vietnam from South Korea. SW CEO Kang Seong-hun signed a memorandum of understanding with the government of …

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Magnachip and Wise Road Capital Announce Withdrawal of CFIUS Deposit and Mutual Termination of Merger Agreement

– Magnachip adopts a limited-term shareholder rights plan Seoul, South Korea, December 13, 2021 / PRNewswire / – Magnachip Semiconductor Corporation (“Magnachip Corp.” or the “Company”) (NYSE: MX), United States (Delaware) parent company of Magnachip Semiconductor, Ltd., and South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan …

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South Korea, Pakistan sign memorandum of understanding for foreign debt rescheduling

ISLAMABAD: Minister of Economic Affairs Secretary Mian Asad Hayaud Din and Republic of Korea Ambassador Suh Sangpyo here signed an agreement for the rescheduling of Pakistan’s external debt to the Republic of Korea for the year 2020 and the first half of 2021. This agreement comes after months of negotiations …

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2022MOON Launches New Blockchain Technology From South Korea

SEOUL, SOUTH KOREA / ACCESSWIRE / December 10, 2021 / 2002MOON announces its new service on Blockchain technology “2022MOON”, which allows users to earn money simply by holding their token. The digital age of blockchain technology Blockchain technology has brought us into the digital age, and our perspective on monetary …

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Bond issues in South Korea edged down in November.

SEOUL, 09 Dec. (Yonhap) – Bond issuance in South Korea edged down in November from the previous month amid rising interest rates, data showed Thursday. The value of bonds sold in Asia’s fourth-largest economy stood at 65.8 trillion won ($ 56.1 billion) last month, down 200 billion won from the …

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New start for HL Klemove, a company specializing in autonomous driving

Aiming to become a global leader based on over 2,000 patents, track record of ADAS mass production (over 20 million units) and know-how in safe autonomous driving solutions High-tech autonomous driving solutions such as high-resolution lidar and 4D imaging radar scheduled for commercialization by 2025 Sales target of 1.2 trillion …

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Food and non-alcoholic drink prices are out of control

Vegetables are on sale Sunday at a traditional market in central Seoul. According to data provided by the Organization for Economic Co-operation and Development (OECD) on Saturday, the price of food and non-alcoholic beverages rose 5% year-on-year in the third quarter in Korea, placing the country fifth out of 38 …

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South Korea defers crypto tax, looking for votes? – Bitcoinist.com

The Strategy and Finance Committee of the South Korean National Assembly has approved an amendment to defer to 2023 the imposition that imposes a 20% annual capital gains tax for crypto trading with more than 2 .5 million won (US $ 2,125) in revenue, just after the same tax was …

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