South Korea will decide next week whether to proceed with the auction for the supplying of 60 next generation fighter jets worth US$7.31 billion.
Tags: South Korea
NoKor and South Korea agree on reopening of joint industrial park
North and South Korea announced that they had agreed to reopen the Kaesong industrial complex, which was closed when tensions grew between the two countries in April.
Samsung's Galaxy Mega phone to launch in South Korea
Samsung would launch its newest smartphone, Galaxy Mega, in its home market. Samsung Electronics Co. 's Galaxy Mega would make its debut this week in South Korea.
Shinsegae invests KRW2.5 trillion to create jobs for South Korea
South Korean retail chain Shinsegai said that it will continue to invest in the local market this year to boost local demand.
Chinese-owned securities in South Korea jumps 42-fold
According to data by the Financial Supervisory Service, Chinese investments in South Korea's local securities increased 42 times since late 2008.
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ING announced that they have reached an agreement to sell its investment management business in South Korea to Macquarie Group
JPMorgan have started buying South Korean Equities due to their current valuations. JPMorgan Asset Management and Charlemagne Capital Ltd. have started to buy South Korean equities after they are said to be at their lowest valuations since 2009.
The sale of Woori Finance Holdings Co. was expected to succeed and earn about US$10.2 billion after four attempts.
South Korea issued a bond-market aid package. South Korea announced that it would issue a bond-market aid package to increase liquidity in the market. This package was called primary-collateralized bond obligations, according to an emailed statement from the Financial Services Commission (FSC).
Asia's shipping industry was believed to be the best spot to experience recovery from the industry's worst slump.
South Korea is temporarily suspending $7.3 billion fighter jet bidding South Korea announced that they are temporarily suspending the US$7. 3 fighter jet bidding initiated by the South Korea's Defense Acquisition Program Administration (DAPA).
Gunnebo Security Group announced acquisition of all shares in ATG Entrance Corporation, the company’s turnstile distributor in South Korea for 10 years.
HSBC Holdings Ltd would exits its retail banking and wealth management business in Korea to focus more on the profitable enterprises.
Fed Reserve Chairman Ben Bernanke's remarks have caused major tumbles in world financial markets.
