The Korea Economic Daily

The Korea Economic Daily Global Edition is an online news platform that shares insights and analyses about Korean companies, industries, and financial markets with a global audience. Available in seven languages, it offers valuable information on how Korean institutional investors allocate their assets, their future investment strategies, and the latest mergers and acquisitions. This platform serves as an essential resource for investors, business partners, buyers, and global asset managers looking for investment and business opportunities in Korea. This service is created and managed by KED Global News Network, a subsidiary of The Korea Economic Daily.

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Proxy voting rises in South Korea, but few vetoes cast

3 days ago | kedglobal.com | Seok-Cheol Choi

An increasing number of asset management firms in South Korea are exercising their voting rights at portfolio companies more frequently than before. Nevertheless, they hardly opposed those companies’ proposed agenda, data shows. The regulatory Financial Supervisory Service (FSS) said on Wednesday that the rate of asset managers’ proxy voting at shareholder meetings stood at 91.6% in the period from April 1, 2024 and March 31, 2025. Of the votes, only 6.8% were cast against their proposed agenda.
Lee names nominees for prime minister, spy agency chief, other key posts

4 days ago | kedglobal.com | In-Soo Nam

South Korean President Lee Jae-myung on Wednesday unveiled his nominees for major government posts, including the prime minister and the spy agency chief, in his first round of appointments just hours after he took office. Kim Min-seok, a student-activist-turned-four-term-lawmaker of the Democratic Party (DP), was tapped as the new prime minister. Kim served as Lee’s top presidential campaign aide.
Lee acquires military control as S.Korean president, begins appointments

5 days ago | kedglobal.com | In-Soo Nam

Lee Jae-myung was formally sworn in as South Korea’s new president on Wednesday at 6:21 a.m., marking a dramatic and immediate transfer of power in the wake of a snap election triggered by a presidential vacancy. The National Election Commission convened earlier in the day to officially confirm Lee, of the main opposition Democratic Party (DP), as the country’s 21st president following his decisive victory overnight.
Asian Manufacturing Activity Stumbles Again Under Weight of Trump Tariffs

5 days ago | kedglobal.com | Kimberley Kao

Factory activity slowed across much of Asia in May as uncertainty over U.S. tariffs continued to cause steep declines in new orders, purchasing managers surveys show. The latest set of S&P Global purchasing managers indexes showed another pullback in manufacturing last month amid trade policy worries and subdued demand.
Samsung, Perplexity close to AI alliance: Bloomberg

6 days ago | kedglobal.com | Jeong-Soo Hwang

Samsung Electronics Co. is reportedly in advanced talks to equip its next flagship Galaxy smartphone series with the artificial intelligence-powered search technology from Perplexity AI Inc. in a move to accelerate the diversification of the South Korean tech giant’s AI ecosystem.
Baby Shark video creator files for IPO on Kosdaq

1 week ago | kedglobal.com | Seok-Cheol Choi

The Pinkfong Company Inc., the creator of the billion-view video Baby Shark, has launched the process of an initial public offering on South Korea’s junior stock market Kosdaq as it rebounds from the post-pandemic slump. On Thursday, the South Korean startup submitted a preliminary filing to the Korea Exchange for its IPO. Mirae Asset Securities Co. and Samsung Securities Co. are are acting as joint underwriters.
Hanwha Aerospace to build defense plant in Germany as European base

1 week ago | kedglobal.com | Jin-Won Kim

Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany – a pivotal shift in its global strategy that will place the leading South Korean defense company in direct competition with leading European defense firms. The move comes as the defense affiliate of Korea’s chemicals-to-defense conglomerate Hanwha Group accelerates its push into Europe, capitalizing on the continent’s record defense spending and strategic shift toward domestically sourced armaments.
Hanwha Aerospace to build defense plant in Germany to rival Rheinmetall

1 week ago | kedglobal.com | Jin-Won Kim

Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany – a pivotal shift in its global strategy that will place the leading South Korean defense company in direct competition with European defense champion Rheinmetall AG on its own turf.
HYBE Bang under financial watchdog’s scrutiny for alleged unfair trading

1 week ago | kedglobal.com | Jun-ho Cha |Seok-Cheol Choi

Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensation BTS, could face prosecutors’ probes for an allegation of fraudulent activities linked to the company’s 2020 initial public offering.
Netmarble to spark subculture craze at Summer Game Fest

1 week ago | kedglobal.com | Sookyung Seo

Netmarble Corp., South Korea’s leading game developer and publisher, is seeking to capitalize on the surging global demand for so-called subculture games, with its two new games due to hit the market later this year. The company announced on Wednesday that it will showcase a cinematic trailer for “The Seven Deadly Sins: Origin” and debut new footage from “Mongil: Star Dive” at the sixth annual Summer Game Fest, which runs from June 6 to 9 in Los Angeles, CA.