Samsung C&T wins $786 mn order to build motorway in Sydney South Korea’s Samsung C&T Corp., construction arm of Samsung Group, has won an 882.6 billion won ($785.9 million) order to build a 12.9 kilometer motorway in western Sydney, allowing it to take part i..

Hanwha Systems partners with U.S. Baker Hughes to accelerate digital campaign Hanwha Systems Co., the defense and IT unit under South Korea’s Hanwha Group, announced on Monday it has signed a partnership agreement with U.S. Baker Hughes GE (BHGE) to accelerate digital transform..

Samsung C&T to branch out to the U.S. for renewable revenue Samsung C&T Corp. that serves as the holding entity of Korea’s household conglomerate Samsung Group has beefed up renewable energy business to pin it as a new growth engine from overseas. The compan..

Hyundai Heavy Industries to sell offshore yard in Onsan South Korea’s largest shipbuilder Hyundai Heavy Industries slated to temporarily close down the offshore shipyard after it completes the last delivery this week has put a site that used to manufacture..

Green themes make up 7 out of 100 cars sold in Korea H1 Demand for eco-friendly cars is on steady rise in South Korea with the segment accounting for 7 percent of the country’s total cars sold for the first-time-ever during the first six months of this yea..

Hyundai Motor invests in Indian car-sharing firm Revv South Korea’s auto giant Hyundai Motor Co. pledged investment in the country’s second-largest car-sharing service provider Revv to make headway in the potentially explosive mobility segment in the wor..

China outpaces U.S. to become Samsung Elec’s top market China has become the biggest export market for Samsung Electronics, generating over 30 percent of its revenue in the first half.According to industry sources on Sunday, Samsung Electronics reported 83..

KB Kookmin Bank offers direct remittance service for Indonesian rupiah South Korea`s KB Kookmin Bank said on Sunday it has launched a local currency remittance service for the Indonesian rupiah, the first banking service for individuals and enterprises after it acquired ..

Hyundai Department teams up with Amazon to reshape shopping experience South Korea’s retail giant Hyundai Department Store Group said it will work with the world’s largest retailer Amazon to create customized futuristic retail services for Koreans including digital check..

Daewoong Pharm’s botoxin gets marketing approval in Canada South Korea’s Daewoong Pharmaceutical Co. said Monday it has received marketing approval from Health Canada over its self-developed botulinum toxin Nabota to improve glabellar wrinkles. The approval..

K Bank, KT to export virtual bank solution, know-how to Mongolia K Bank, South Korea’s first internet-only lender, and its major shareholder KT Corp. will aid Mongolia’s top conglomerate MCS Group launch the first virtual bank in the country modeled after their sol..

KEPCO signs $37.8 mn power project in Dominican Republic South Korea’s state-run utility company Korea Electric Power Corp. (KEPCO) has won a $37.8 million project to replace and newly build power distribution facilities in the Dominican Republic. KEPCO sai..

Korea Eximbank to finance $200 mn in Peru’s Mina Justa copper project South Korea’s state-run export credit provider Export-Import Bank of Korea (Korea Eximbank) agreed on Friday to finance $200 million in Peru’s Mina Justa copper mine project to help ensure a steady su..

GC Cell’s Immuncell-LC gains orphan drug status from FDA GC Cell Corp., a South Korean manufacturer of immune cell therapy drugs, said Friday the U.S. Food and Drug Administration (FDA) has granted an orphan drug designation to one of its treatments for gli..

Cosmax obtains international certification for Fairtrade workplace Cosmax Inc., South Korea’s cosmetic material developer and original development manufacturer, said on Friday that it has obtained a Fairtrade certification from Fairtrade International (FLO), becoming..

KB Financial, Samsung Elec to jointly launch banking-specified smartphone South Korea’s top KB Financial Group Inc. has joined hands with tech giant Samsung Electronics Co. to introduce a smartphone with exclusive apps for KB financial services ranging from simplified money..

Samsung Heavy Industries wins $370 mn order to build 2 LNG vessels South Korea’s Samsung Heavy Industries Co. has secured a $370 million order from Celsius Tankers, a unit of Danish owner Celsius Shipping, to build two 180,000 cubic meter liquefied natural gas (LNG) ..

Daewoo completes first LNG carrier with full reliquefication system Daewoo Shipbuilding & Marine Engineering (DSME) has completed its first LNG carrier equipped with a full reliquefication system to ensure zero waste on LNG. The South Korean shipbuilder announced on T..

LG CNS to spin off in-house chatbot developer Danbee LG CNS Co., system integration unit of South Korea’s LG Group, will spin off its in-house venture Danbee, artificial intelligence-powered chatbot developer, the company said Thursday. Danbee started ..

LG adds AI feature to new Styler clothes steamers LG Electronics’s signature Styler steamer is going smart as the white goods giant expands voice-activated AI features on its product lineup beyond air conditioners and washers.The company announced on..

Samsung Elec to fund $846mn in tech, science projects by 2022 Samsung Electronics Co. which pledged 130 trillion won ($116 billion) spending plans at home over the next three years last week said it has earmarked 960 billion won until 2022 to help hone national ..

Samsung Electronics unveils Galaxy Note 9 in New York Unpacking for the newest smartphone innovation from South Korea’s Samsung Electronics Co. is hours away with the world’s largest smartphone maker keeping its fingers crossed that the big-screen follow..

Samsung Elec begins mass production of world’s first 4-bit consumer SSD Samsung Electronics Co. has started mass producing the industry’s first 4-bit Quad Level Cell (QLC) 4-terabyte (TB) SATA solid-state drive (SSD) for consumers, the company announced Tuesday.The 4-bit ..

LG Elec sets up AI research lab in Toronto South Korea’s LG Electronics Inc. has opened an artificial intelligence research lab in Toronto amid the heated global fight over a limited pool of AI talents. The Korean tech giant said Wednesday th..

SKT provides its quantum encryption system to Germany’s Deutche Telekom South Korea’s leading telecommunications company SK Telecom Co. announced Thursday that it applied its quantum security system to the trial network of Deutsche Telekom as part of its partnership with ..

KT applies blockchain technology to communications network South Korea’s telecom giant KT Corp. on Tuesday unveiled a new commercial network applying blockchain technology that can be incorporated onto a range of its services from identity authentication and ..

Korea’s KT to build intelligent transport system across Jeju A consortium led by KT Corp. has commenced the process to build the so-called Cooperative-Intelligent Transport Systems (C-ITS) in Jeju, which is expected to boost traffic situational awareness in dri..

S. Korea’s ICT exports hit all-time high in H1 South Korea’s information and communication technology (ICT) goods exports hit a record half-year high in the first six months of this year, mainly led by strong memory chip shipments, government data..

S. Korean mobile carriers vow partnership to ensure successful 5G launch in March South Korea`s three mobile carriers agreed on Tuesday to work together for the commercialization of high-end fifth-generation (5G) networks for successful debut in next March for the first time in the..

Doosan Industrial Vehicle unveils eco-friendly, smart forklifts Doosan Corporation Industrial Vehicle (DIV), the material handling equipment unit of South Korea’s conglomerate Doosan Group, unveiled a line of new-generation forklift trucks to raise the bar for hea..

LG Elec to offer indoor air quality management service South Korea’s LG Electronics Inc. has launched an air quality management service that provides customized solution to optimize indoor air quality through big data analysis.The company announced on Wed..

Google to launch in-car infotainment service in Korea in partnership with Hyundai Motor Google is taking a big stride in Korea’s in-car infotainment market through partnerships with Hyundai Motor Group, the country’s top auto-making group, and Kakao, the leading mobile messaging app oper..

5G to create $43bn social-economic values by 2030, says KT research institute The next-generation 5G wireless network that the South Korean government aims to commercialize by next year would create at least 48 trillion won ($43 billion) in social and economic values by 2030, s..

Samsung Electronics claims top spots in two global AI challenges Samsung Research, the exploratory R&D unit of Samsung Electronics, has ranked first in two of the world’s biggest challenges for artificial intelligence (AI) machine reading comprehension.According to..

Israel’s Weizmann Institute to cooperate in technology transfer to Korean firms Israeli venture capital firm Yozma Group and Korea’s Kosdaq-listed firm Mirae SCI announced on Sunday they have launched Yozma Bio Science Holdings that will support technical transfer and commerciali..

LG Display and startup working on speaker-embedded OLED TV South Korea’s LG Display Co. is developing super-slim built-in OLED TV that emanates sound directly from the display panel in partnership with a local startup.According to industry sources on Sunday, ..

LG CNS launches integrated IoT platform for smart city solutions LG CNS has released an integrated internet of things (IoT) platform for a smart city solution that can collect and control big data streams from buildings, street lamps and cars, the company said Thur..

Hyundai Motor cleared to test out truck platooning in Korea A train of 47 large-size self-driving trucks will travel on expressways in South Korea after the Ministry of Land, Infrastructure, and Transport on Monday cleared the way for the country’s top automak..

Naver’s Line to open cryptocurrency exchange in July Line Corp., Japanese subsidiary of South Korea’s leading online portal operator Naver Corp., will next month launch a cryptocurrency exchange available globally except Japan and the United States. T..

Samsung Elec transmits baseball game via 5G real-time video solution South Korea’s tech giant Samsung Electronics Co. seeking to lead the development of fifth-generation (5G) communication solutions has successfully completed a live real-time free-viewpoint video strea..

▶What Experts Say: Kospi to stay lethargic through Q3, trading at valuation of economic slump Korea has endured the hottest and longest summer in 111 years. The stock market as much as the Korean people have become listless. Concerns are lingering over passive fund outflows owing to the additi..

Latest regulatory filings(17~20/08/2018) ◆Hyosung Advanced Materials(Stock Market) -Semi-annual Report (2018.06) ◆Hyosung Chemical(Stock Market) -Semi-annual Report (2018.06) ◆UNICHEM(Stock Market) -Semi-annual Report (2018.06) ..

SK Hynix draws overwhelming demand for new debt offering SK Hynix Inc. bonds remained hot despite eerie growth outlook on signs of fizzling out in the memory boom with its order book for its latest offering of 250 billion won ($223 million) stretching to 1...

U.S.-based Capital Group ups stake in SK Hynix to 3% Capital Group, an American asset manager, has upped its stake in SK Hynix Inc. to 3 percent through an additional share purchase, becoming the second-biggest foreign investor in the world’s second-lar..

Samsung Elec, SK Hynix stocks further hit from supply concerns Foreign investors continue to take profit on South Korea’s top two chipmakers Samsung Electronics Co. and SK Hynix Inc., winners in the last two-year boom in memory chips, on bets that their peak days..

SC Bank Korea’s net profit in Q2 down 35.6% on year Standard Chartered (SC) Bank Korea, the Korean subsidiary of British banking giant Standard Chartered PLC, reported a 35.6 percent year-over-year fall in bottom line in the second quarter due to high ..

Latest regulatory filings(16~17/08/2018) ◆Hyosung Heavy Industries(Stock Market)-Semi-annual Report (2018.06) ◆Chabiotech(KOSDAQ Market)-Semi-annual Report (2018.06) ◆TRAIS(KOSDAQ Market)-Semi-annual Report (2018.06) ◆iNtRON Biotechnology(KO..

Hyundai mulls acquiring Hanwha L&C for lead in home interior market South Korea’s Hyundai Department Store Group is mulling to take over Hanwha L&C Corp., a standalone construction materials still bearing Hanwha trademark, to achieve economies of scale in furniture an..

Hana Pharm kicks off Kospi IPO process Hana Pharm, a Korean pharmaceutical name that has survived more than 40 years, is readying to join the country’s main stock exchange Kospi. Hana Pharm announced on Thursday it has passed the exchang..

Latest regulatory filings(14~16/08/2018) ◆COWAY(Stock Market) -Decision on Increase in Short-term Borrowings -Organization of Investor Relations Event ◆SAMSUNG BIOLOGICS(Stock Market) -Entering into Single Sales or Supply Contract ◆..

CJ CGV flirts around 52-week low on poor Q2 result, Turkish scare Shares of South Korea’s largest multiplex cinema chain CJ CGV flirted around a 52-week low as jitters about the Turkish economy hammered the stock on top of its poor earnings. CJ CGV shares on Monda..

KEPCO losses balloon as it reduces reactor operation State utility Korea Electric Power Corp. (KEPCO) sank deeper in the red, ending June in losses for the third straight quarter - its longest loss streak in six years - as its profitability suffered fro..

Turkish lira crisis upsets Korean markets The woes of the Turkish lira sent fright across the Asian capital markets, hurting the Korean won and equities as well. The Korean currency stayed weaker against the U.S. dollar throughout Monday af..

Wafer etching equipment developer APTC to debut on Kosdaq on Aug. 23 Adaptive Plasma Technology Corporation (APTC), a Korean developer of silicon wafer etching equipment, will go public on the Kosdaq market on August 23.APTC’s initial public offering price is expected ..

Foreign investors net buy Korean stocks and bonds in July Foreign investors turned net buyers of Korean stocks in July, ending their selling spree for the past four months, and continued to stock up Korean debt. According to data released by Financial Su..

Samsung Life Q2 net profit up 178% on yr from stake sale in Samsung Elec South Korea’s largest life insurance firm Samsung Life Insurance Co. reported its net profit in the second quarter surged 178 percent on year due largely to the one-time profit from selling its stake ..

Lotte Shopping’s Q2 OP down 17% on yr on losses from discount store unit South Korea’s Lotte Shopping Co. reported near 17 percent drop in its operating profit for the second quarter from a year earlier as the heavy loss from its discount store unit Lotte Mart ate into str..

Latest regulatory filings(09~10/08/2018) ◆BGF retail(Stock Market)-Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) ◆BGF(Stock Market)-Report on Business Performance according to Consolidated Fi..

GS Holdings Q2 OP up 42.2% on yr on strong refinery earnings GS Holdings Corp., the holding company of South Korea’s seventh largest conglomerate GS Group, reported a year-on-year 42.2 percent surge in operating profit for the second quarter thanks to increased..

Hyundai Dept Store Q2 OP up 9%, upbeat on duty-free shop opening South Korea’s retail giant Hyundai Department Store Group reported a near 10 percent on-year jump in operating profit for the second quarter led by brisk sales of high-end and household goods and was ..

Korean July job increases stop at 5,000, worst since Jan 2010 Jobs in Korea were added 5,000 in July against a year-ago, more than halved from a month ago and flimsy against the usual monthly average over 300,000 up until last year to underscore worsening impact..

◆ Data (Source: Statistics Korea) ▶Economically Active Population Survey in July 20181. Economically active population and labor force participation rate - The economically active population marked 28,123 thousand in July, which grew ..

S. Korea’s GDP rank falls to 12th, per-capita GNI sharply up in ‘17 South Korea came down a notch in the global rank in economic scale, coming at 12th in gross domestic product (GDP) while its per-capita income moved up to 31st in 2017 data of the World Bank. Accord..

Korea’s PPI gain likely hit above 3% in July, fanning inflationary pressure South Korea’s producer prices are rising at alarming pace of 3 percent due to higher costs of labor, loans, and imports on top of unseasonable climate, a movement that can add supply-end inflationary ..

S. Korea’s factory jobs fall to four-year low in H1 South Korea’s factory jobs fell to four-year lows in the first half amid waning competitiveness in major car and ship manufacturing sector and due to higher labor cost from hike in minimum wage and cu..

◆Data (Source: BOK) ▶Export/Import Price Indexes - July 20181. The Export Price Index(won basis) increased 2.3 percent from the previous month.- The index increased 2.6 percent over the last 12 months.2. The Import Price..

S. Korea’s electricity consumption 7th in the world in 2017 South Korea ranked seventh in consumption of primary energy last year, trailing behind massive countries like China, the United States, India, Japan, Russia, and Canada, due to its reliance on power-c..

Korea ranks 7th in global scoreboard on manufacturing environment South Korea ranked seventh in the global scoreboard on manufacturing environment, a research showed.According to a recent report by U.S-based researcher Brookings Institution, Korea scored 73 out of p..

◆Data (Source: BOK) ▶Balance of Payments during June 2018(preliminary)1. During June 2018 the Korean current account registered a 7.38 billion dollar surplus (and a surplus of 29.65 billion dollars for the first half of ..

Korea household loans jump in July on still-hot housing demand in Seoul Household lending from South Korea’s major banks is showing signs of climbing back up as housing demand in Seoul continues unabated, defying the government’s tightened mortgage rules to cool the overh..

Korean govt confirms ’19 minimum wage despite threat of collective action The South Korean government on Friday endorsed the proposed minimum wage of 8,350 won ($7.4) for next year, which would raise the legal hourly wage floor by another 10.9 percent after this year’s 16.4..

Korea’s H1 current account surplus hits six-year low South Korea’s current account surplus shrank to a six-year low by the end of June due to a jump in import costs from higher global oil prices and weakened domestic currency. According to preliminary ..

Korean govt to award $27 bn invest for fast promotion of future industries The South Korean government will go all-out to promote eight key innovation sectors by removing all unnecessary regulations and arranging public procurements worth 30 trillion won ($26.7 billion) in t..

Boiling and dry summer sends farm produce prices sharply higher in Korea Food prices fail to ease in Korea as unusually lengthy and sizzling heat wave hurt crop yield that has been disrupted by unseasonable weather factors throughout the year, making lives tougher for Kore..

Korea’s factory capacity weakens by biggest pace in Q2 South Korea’s manufacturing capacity shriveled by the fastest pace in the second quarter as companies delay investment due to cost-pushing policies of higher wages and shortened legal work hour and sl..

◆ Data (Source: Statistics Korea) ▶Consumer Price Index in July 20181. The Consumer Price Index was 104.37(2015=100) in July 2018. The index increased 0.2 percent from the preceding month and rose 1.5 percent from the same month of th..

Korea’s July CPI up 1.5% on fuel and food costs from heat wave South Korea’s headline inflation in July gained 1.5 percent as scorching heat wave on top of jump in oil import cost from higher international prices and cheaper Korean won sent up prices of fuel and ..

Korea’s exports up 6.2% in July to $52 bn on cheaper won and global recovery South Korean exports rebounded in July to exceed the $50 billion mark for five months in a row for the first time in history thanks to brisk shipments of semiconductors and infrastructure demand in re..

Korea’s business sentiment droops in July amid cost increase, trade dispute Delivering another bleak picture to the Korean economy, business sentiment sharply deteriorated in July to suggest sluggishness in investment and hiring may not improve soon. According to the Bank o..

Korean govt proposes to triple tax subsidies for low-income class The South Korean government in its second tax code revision under liberal President Moon Jae-in proposed to triple the childcare and employment subsidies for low-income bracket over the next five year..

Seoul to pardon tax audits for self-employed for 2 years Nearly 6 million self-employed and small businesses in Korea will be saved from regular tax audits and won’t be double-checked for their tax reports until the end of 2019, in the government’s latest m..

S. Korean pres envisions inter-Korean rail connection by year-end South Korean President Moon Jae-in outlined his vision for a train network cutting through North Korea, China and Russia and wants to start with the reconnection of railroads of the two Koreas by the ..

Hanjin Group’s Cho’s criminal counts added with FTC rule violation Hanjin Group Chairman Cho Yang-ho has been slapped with the charge of underreporting in-house deals to add onto the ever-growing list of criminal counts against Cho and his family members. The Fair T..

Inter-Korean summit set for Sept in Pyongyang, denuke agenda uncertain The leaders of two Koreas will hold their third summit meeting in September in Pyongyang, stoking concerns that they may be rushing towards ending the armistice before the North takes decisive move to..

Maekyung Media launches MK-AKMS Young Scholar Award South Korea’s largest business media Maekyung Media Group, together with the Association of Korean Management Scholars (AKMS), has launched the MK-AKMS Young Scholar Award to contribute to the career ..

FSS to sponsor lawsuits on claims vs life insurers on immediate annuity policies South Korea’s Financial Supervisory Service (FSS) plans to back civilian lawsuits against life insurers that have defied administrative order to return underpaid dues in immediate annuity pensions to ..

Ssangyong Motor reaches wage agreement with union South Korea’s Ssangyong Motor Co. settled annual wage agreement with its labor union, marking the ninth straight year to reach a deal without a strike. Nearly half or 1,636 workers of 3,265 members ..

Seoul customs office confirms smuggling of $6 mn NK coal South Koreans authorities confirmed that near $6 million worth banned North Korean coal and pig iron shipments have been smuggled into the country disguised as Russian origins, a move that is in viola..

Yellen, McMaster to speak at 19th WKF held Oct. 10-12 in Seoul The 19th World Knowledge Forum (WKF), the largest business forum in Asia, will kick off on Oct. 10 at Jangchung Arena and Hotel Shilla in central Seoul, with more than 250 global leaders to hold discu..

Korean bank ownership rules likely to be eased to back online banks South Korean President Moon Jae-in has proposed easing bank ownership regulations for non-financial businesses, a move that may increase access to fresh capital for the country’s internet-only banks t..

Police raid Shinil Group to look into its treasure ship discovery claim Police in Seoul raided offices of Shinil Group on Tuesday as part of a probe launched into the South Korean company claiming to have discovered a long-lost sunken Russian warship with 150 trillion won..

S. Korea bans 59 additional hypertension drugs for cancer risk South Korea’s Ministry of Food and Drug Safety on Monday banned the sale of additional 59 locally-manufactured high blood pressure drugs containing valsartan made from active ingredients imported from..

Fin Min stresses symbiotic growth in Samsung visit, no mention of capex Samsung as the household corporate name in Korea should set the example on how a Korean Inc. should be run and do business in the transitional period towards the age of automation and digitalization, ..

Korean millionaires in financial assets increase 15% in 2017 Korean millionaires in financial assets increased by 30,000 in a year thanks to booming housing and equity market, according to a report by a local financial research institute.According to 2018 Korea..

Korean govt warns drivers not to drive problematic BMW cars The South Korean government on Friday sent out a rare advisory notice to owners of BMW to refrain from driving the German model subject to recall amid growing safety concerns after as the cars continu..

Korea to set up Smart Farm Valley in southern rural areas Sangju and Gimje The South Korean government selected two cities - Sangju in North Gyeongsang Province and Gimje in North Jeolla Province - as places to establish Smart Farm Innovation Valley, an agricultural complex ..

Y’s Men International Convention kicks off on Aug 9-12 in Yeosu The 73rd international convention of Y’s Men International, an international group of volunteers in support of YMCA, will kick off early August this year in Yeosu with more than 3,000 participants fro..

State entity, Korean banks reach out-of-court settlement over Moneual default State-run Korea Trade Insurance Corporation (K-sure) and six local lenders reached an out-of-court settlement to share the bill from a fraud loan scandal involving home appliance startup Moneual Inc. ..

BMW Korea faces class-action suit over defective engine part A group of BMW owners in South Korea have filed a class suit against the Korean unit of the German automaker on Monday over a defective engine part that has led to a series of fires.Four owners of BMW..

Samsung component sites spared from disclosing manufacturing process A state arbitration committee sided with the industry ministry’s judgment and ordered a stay in labor ministry’s plan to disclose information on the worksites of cutting-edge Samsung component facilit..

HCMC FDI shrinks dramatically Foreign direct investment (FDI) in HCM City is dwindling and cannot continue to drive the economy, the head of the city’s Department of Planning and Investment has said.According to figures from the d..

Livestock insurance to be launched by year-end Myanmar will launch an insurance policy covering livestock insurance for the first time in 30 years. “We estimate livestock insurance will be launched by year-end,” Daw Sandar Oo, managing director of..

CJ Wow Shop to hit 1m customers by September CJ Wow Shop, an innovative home shopping network, expects to hit one million customers by September since its inception in April 2016.Its chief executive officer Kim Yang Hyun said it had recorded 970..

Việt Nam to face power shortage by 2030 Việt Nam will likely face a power shortage in the period 2020-30 if electricity generation is not increased and there is not enough fuel (coal and gas) for generation.The warning was made at the..

Inflation soars to fresh high The country’s inflation accelerated to a fresh high of 5.7 percent in July, its highest level in five-years - from 5.2 percent in June and 2.4 percent in the same period last year. The Philippine Sta..

Korean firms active in relief campaign for Laos dam victims South Korean companies are joining efforts to help victims of massive flooding after an under-construction hydroelectric dam collapsed in southern Laos last month, leaving thousands of people homeless..

Vinalines to launch IPO on September 5 Việt Nam National Shipping Lines (Vinalines) will auction more than 488 million shares in its initial public offering (IPO) at the starting price of VNĐ10,000 (US$0.43) per share.The IPO is..

Korea’s BKL law firm wins M&A deal of the year in Vietnam Bae, Kim & Lee (BKL), South Korea’s second-largest law firm by revenue, has won the acquisition deal of the year award from the Vietnam M&A Forum 2018 for the third straight year.The Korean law firm s..

City Hall mulls BTS private ownership City Hall has floated the idea of allowing private firms to bid for a new contract that will allow them to operate the extension lines of BTS Green Line electric trains running outside Bangkok.The mov..

Life assurers report 5% growth in first half Life assurance businesses reported 5% growth in total premiums for the first half, driven mainly by bancassurance and insurance agents, says the Thai Life Assurance Association (TLAA).Total premiums f..

Naga profits spike on surge of China visitors CASINO operator NagaWorld reported a nearly 20 per cent increase in net profits in the first half this year, earning about $180 million over the period, thanks to a surge of Chinese visitors, a compan..

VN stock market to touch 980 points in August Vietnamese shares are expected to go up in August as investors look forward to listed companies’ earnings prospects in the remaining five months of the year, especially banks and financial firms.The b..

Myanmar grants free visa allowances to Asian visitors Myanmar will grant free visa allowances to Chinese, South Korean and Japanese nationals from August 1 onwards in a bid to promote eco-tourism, according to U Ohn Maung, Minister of Hotel and Tourism, ..

Korea seafood firms eye VN partners A business-to-business (B2B) meeting was organised by the Việt Nam Chamber of Commerce and Industry and K-Fish Trade Support Centre in HCM City to provide networking opportunities for 12 Korean ..

Companies Rush to List Before Upcoming Election Year Companies are rushing to go public this year in search of fresh funds despite volatility in the market and investors likely to maintain a tight grip on the purse strings ahead of Indonesia`s 2019 gene..

International investors` money outflow slowed on Bursa Malaysia KUALA LUMPUR: Foreign investors have been disposing local stocks at slower pace for the past four weeks, suggesting that they will soon buy more than sell.MIDF Research said based on preliminary data ..

Oil and gas companies urged to partner with foreign firms Last week, the Ministry of Electricity and Energy (MOEE) confirmed in a press conference that it would start holding tenders for offshore oil and gas production in Myanmar by the end of the year.“Tend..

Japan firm takes another 10pct of telecom Smart Malaysia-based Axiata Group has sold another 10 percent stake in its Cambodian subsidiary Smart Axiata to Japanese group Mitsui Co Ltd. The Japanese firm now holds 20 percent of the local telecommunic..

KS optimistic on bourse rebound in second half Despite sporadic financial volatility in the domestic stock market, Thailand`s bourse is projected to reach a new high this year given the general election stays on schedule for next year and the ongo..

Germany’s Lufthansa opens air travel innovation center in Asia German airline Lufthansa opened Innovation Hub in Singapore and Shezen earlier this month, becoming the first non-Asian airline group to expand travel and mobility tech development efforts in the regi..

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