KB News DeskKorea, Bangladesh reach preliminary CEPA deal
South Korea and Bangladesh reached a preliminary agreement Tuesday on a comprehensive economic partnership agreement that would cut tariffs on Korean food, vehicles and industrial goods while widening access to…
FTC to fine conglomerate heads for omitting affiliates from regulatory filings
South Korea’s fair trade watchdog on Tuesday vowed to impose fines on conglomerate heads when their business groups omit affiliates from regulatory filings to avoid antitrust rules. The Fair Trade…
Seoul shares end higher amid lingering woes over AI, Iran crisis
Seoul shares ended higher Tuesday as retail investors snapped up stocks following the previous session’s over 5 percent plunge, while lingering uncertainty over artificial intelligence and the Middle East crisis…
Korean police block sales of Trader Joe’s bagel seasoning
Police have blocked the sale of a foreign seasoning product on an online secondhand marketplace after finding it contained narcotic substances and was prohibited from being brought into South Korea.…
Bithumb eyes 2028 IPO with governance overhaul
Bithumb, South Korea’s second-largest cryptocurrency exchange, said Tuesday it aims to go public by 2028 after strengthening its governance, internal controls and financial reporting. Under its roadmap, Bithumb plans to…
US-Japan yen intervention raises hopes for stronger won
Analysts see return to W1,300 range, though carry-trade unwinding could fuel volatility A rare instance of US-Japan intervention to support the battered yen is giving the Korean won renewed tailwind,…
Starbucks dethroned in card spending after 'Tank Day' campaign
Twosome Place steals lead, while Mega Coffee nips at heels Rival coffee chains are chipping away at Starbucks Korea’s market lead in the fallout from its “Tank Day” controversy, payment…
Samsung chief tops dividend earners in H1
Number of listed firms declaring first-half dividends jumps 48% Samsung Electronics Executive Chairman Lee Jae-yong received 72.8 billion won ($50.9 million) in dividends in the first half of the year,…
Hanwha Aerospace ends $320m eVTOL supply deal with Vertical Aerospace
Hanwha Aerospace has terminated a 454.8 billion won ($319 million) contract with UK-based electric vertical takeoff and landing, or eVTOL, aircraft developer Vertical Aerospace, ending a four-year partnership that had…
Police offer W100m reward in search for Tongyeong killing suspect
Police on Monday released new details about a man suspected of killing a woman in Tongyeong, South Gyeongsang Province, as the search for the suspect entered its 55th day. According…
