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Greater rights offerings and fewer IPOs amid big-cap-led Korean stock boom SEOUL, Feb. 04 (AJP) - South Korea’s equity issuance saw a significant jump of approximately 55 percent last year, fueled by large-scale rights offerings. In contrast, new shares issued through initial public offerings (IPOs) contracted, underscoring a deepening funding freeze for small- and medium-sized enterprises (SMEs) and venture firms. According to the Financial Supervisory Service (FSS) on Wednesday, public equity issuance last year totaled 13.71 trillion won ($9.4 billion), an increase of 55.4 percent from the previous year. Rights offerings accounted for 10.30 trillion won of the total, skyrocketing 113.3 percent compared to 2024. The surge was primarily driven by major conglomerates, with the total value of rights offerings by large corporations alone increasing by nearly 220 percent on year. The number of rights offerings reached 72, an increase of 28.6 percent from the 56 cases recorded in 2024. Reflecting a growth trend skewed toward conglomerates, the push in rights offerings was led by major players. While rights offerings by large firms surged 220 percent versus the previous year, those by SMEs decreased 22.6 percent during the same period. IPO market chills amid tightened regulations Equity issuance through IPOs amounted to 3.68 trillion won, down 10.7 percent from a year ago. The number of IPOs fell 14 percent to 98 cases. By market, 6 cases were listed on the benchmark KOSPI, while 92 cases were on the tech-heavy KOSDAQ. The divergence is attributed to continued strong performances by existing listed giants, while SMEs and venture firms struggled. Furthermore, the government's aggressive moves to exit "zombie companies" and block "split-off listings" have raised the bar for initial public offerings. Corporate bond issuance totaled 276.25 trillion won, a slight decrease of 0.7 percent against the previous year. Compared to 2024, general corporate bonds and ABS increased 6.5 percent and 20.0 percent, respectively, while financial bonds fell 4.0 percent. For general corporate bonds, refinancing accounted for the largest share at 79.6 percent, followed by operating capital (16.4 percent) and facility investment (4.0 percent). By credit rating, high-grade bonds (AA or higher) rose to 70.7 percent, while lower-rated bonds (A or lower) fell to 29.3 percent relative to the year before. By maturity, mid-term bonds continued to dominate at 95.0 percent, with long-term and short-term bonds accounting for 3.4 percent and 1.6 percent, respectively. Among financial bonds, bank bonds and other financial bonds decreased 12.2 percent and 2.4 percent, while bonds issued by financial holding companies jumped 31.3 percent from a year earlier. As of the end of last year, the total outstanding balance of corporate bonds stood at 756.88 trillion won, up 9.3 percent from the prior year. Meanwhile, issuance of commercial paper (CP) and short-term bonds reached 1,663.32 trillion won, marking a 27.6 percent increase over 2024. 2026-02-04 10:28:27 -
Seoul sees lowest population outflow last year as fewer move to outskirts SEOUL, February 4 (AJP) - Fewer people moved to the outskirts of Seoul last year, with the capital seeing the lowest outflow in about 35 years. According to data released by the Korean Statistical Information Service (KOSIS) on Wednesday, some 27,000 residents left Seoul last year, down from 35,000 in 2022, 31,000 in 2023, and 45,000 in 2024. The figure was the lowest since 1990, when Seoul first recorded a decline in relevant statistics. KOSIS attributed the drop to an increase in available homes in Seoul, even as the overall housing supply fell across the country. Those who left Seoul mostly relocated elsewhere in the Seoul metropolitan region, with the largest number or about 41,000, moving to Gyeonggi Province. Although fewer residents are leaving, KOSIS said Seoul is unlikely to see an inflow soon because of high housing and living costs. 2026-02-04 10:22:30 -
South Korea’s Imported Car Sales Jump 37.6% in January to 20,960, Led by BMW BMW continued to lead South Korea’s imported-car market in January. The Korea Automobile Importers & Distributors Association said Tuesday that new registrations of imported passenger cars totaled 20,960 in January, up 37.6% from a year earlier. The figure was down 26.7% from December. By brand, BMW ranked first with 6,270 registrations, ahead of Mercedes-Benz with 5,121. It was followed by Tesla (1,966), Lexus (1,464), BYD (1,347), Volvo (1,037), Audi (847) and Porsche (702). By engine displacement, vehicles under 2,000cc accounted for 9,711 (46.3%). Models from 2,000cc to under 3,000cc totaled 5,781 (27.6%); 3,000cc to under 4,000cc, 694 (3.3%); and 4,000cc or more, 344 (1.6%). Other categories, including electric vehicles, totaled 4,430 (21.1%). By origin, European brands made up 15,132 registrations (72.2%), followed by the United States with 2,291 (10.9%), Japan with 2,190 (10.4%) and China with 1,347 (6.4%). By fuel type, hybrids led with 13,949 (66.6%), followed by electric vehicles with 4,430 (21.1%), gasoline with 2,441 (11.6%) and diesel with 140 (0.7%). Of the 20,960 vehicles sold, individual buyers accounted for 12,200 (58.2%) and corporate buyers for 8,760 (41.8%). Among individual purchases, registrations were highest in Gyeonggi (3,711, 30.4%), Seoul (2,464, 20.2%) and Incheon (726, 6.0%). For corporate purchases, Incheon led with 2,930 (33.4%), followed by Seoul with 2,678 (30.6%) and South Gyeongsang with 1,335 (15.2%). The best-selling model in January was the Mercedes-Benz E 200 with 1,207 registrations. The BMW 520 (1,162) and Tesla Model Y (1,134) also ranked near the top. KAIDA Vice Chairman Jeong Yun-young said January registrations rose from a year earlier due to increased electric-vehicle sales and the impact of new brands. 2026-02-04 10:12:00 -
Samsung Biologics joins global vaccine network to bolster pandemic preparedness SEOUL, February 04 (AJP) - Samsung Biologics has signed a partnership agreement with the Coalition for Epidemic Preparedness Innovations (CEPI) to join the Vaccine Manufacturing Facility Network, positioning the South Korean drugmaker as a key player in global pandemic response efforts. Under the deal signed Tuesday, Samsung Biologics will serve as a "preferred" manufacturer for vaccines developed with CEPI support. The company will be capable of producing up to 50 million vaccine doses and drug substances convertible into 1 billion doses of finished vaccine products upon request during a pandemic outbreak. The partnership, backed by an initial investment of about $20 million, forms part of CEPI's "100 Day Mission" initiative, which aims to secure early vaccine approvals and large-scale manufacturing readiness within 100 days of a pandemic declaration. Samsung Biologics will also conduct simulation exercises assuming a wild-type H5 influenza outbreak to verify its rapid response capabilities. "This agreement reflects our commitment to supporting a reliable and agile vaccine supply ecosystem through continued innovation and strong collaboration. It also contributes to Korea's ability to secure timely access to vaccines during urgent public-health situations," said John Rim, CEO of Samsung Biologics. CEPI, headquartered in Norway, was launched at the 2017 World Economic Forum in Davos to develop vaccines against emerging infectious diseases. The coalition counts more than 30 governments, including South Korea, and numerous global pharmaceutical companies among its members. The agreement also stipulates that vaccines produced by Samsung Biologics will be supplied to South Korea on a priority basis at CEPI's request during a pandemic. The company previously demonstrated its manufacturing prowess in 2021 when it became the first in South Korea to produce Moderna's mRNA COVID-19 vaccine, delivering doses just five months after signing a contract. 2026-02-04 10:11:09 -
POSCO seeking to deploy Persona AI's humanoid robots for steelworks SEOUL, February 04 (AJP) - POSCO Group is moving to deploy humanoid robots in steel logistics operations in cooperation with U.S.-based startup Persona AI. The group said Wednesday that POSCO, POSCO DX, POSCO Technology Investment and Persona AI signed a memorandum of understanding a day earlier to jointly pursue on-site deployment of industrial humanoid robots. Under the agreement, POSCO will identify steel mill tasks suitable for humanoid robots and assess their operational feasibility. POSCO DX will design automation systems and jointly develop robot models optimized for steelworks, while POSCO Technology Investment will support proof-of-concept testing. Persona AI will develop and supply humanoid robot platforms tailored to harsh industrial environments. Starting in February, the partners plan to conduct a test using Persona AI’s robots to manage logistics for steel coils produced at POSCO plants. Handling finished coils, which can weigh tens of tons, typically requires crane operations. The companies aim to have humanoid robots assist workers in fastening crane belts to coils, enabling safer collaboration between humans and machines. The group said it has been reviewing humanoid robot applications in logistics processes, including transport and material preparation at terminals, since last year, reflecting the labor-intensive nature of heavy industry operations. If the pilot confirms operational safety and effective human-robot collaboration, POSCO plans to expand deployment and introduce the robots across broader logistics operations. Persona AI, founded in 2024 by robotics engineers and industry specialists, is developing industrial humanoid robots combining NASA-derived robotic hand technology with proprietary precision-control systems. POSCO Group invested a total of $3 million in the startup last year ahead of the partnership, aiming to support technologies capable of handling tasks ranging from fine assembly work to moving heavy industrial materials. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2026-02-04 09:50:08 -
Samsung Heavy deepens Gulf ties with Qatar shipyard agreement SEOUL, February 04 (AJP) - Samsung Heavy Industries said Wednesday it has signed sign an agreement with Qatar Shipyard Technology Solutions (QSTS), a state-owned shipyard operator, to explore joint projects involving eco-friendly technologies. QSTS, located in eastern Qatar, is a subsidiary of Nakilat, the country’s state-owned shipping company and the world’s largest operator of liquefied natural gas (LNG) carriers. The yard has completed repair work on roughly 2,000 vessels, including LNG carriers, Samsung Heavy said. Under the agreement, the two companies will initially cooperate in ship retrofits and after-market services. They will also explore joint projects involving eco-friendly technologies, including decarbonization and energy-saving systems, onboard carbon-capture equipment, small offshore projects and newbuilds of specialized vessels. “Business cooperation with QSTS will be an important milestone in expanding our global operations,” Namgung Geumseong, vice president and head of Samsung Heavy’s shipyard business, said in a press release. “We aim to further strengthen our competitiveness through active global partnerships.” The MOU was signed on the sidelines of LNG 2026, an industry conference currently being held in Doha. Samsung Heavy Chief Executive Choi Seong-an and other executives attending the event also held discussions on potential cooperation with global energy companies, including Qatar LNG and ExxonMobil. * This article, published by Aju Business Daily, was translated by AI and edited by AJP. 2026-02-04 09:39:02 -
Singer Bada Offers Support to DJ Koo After Death of Actress Barbie Hsu Singer Bada shared a message of support for Koo Jun-yup. On Monday, the S.E.S member posted on social media, “I can’t begin to understand that pain, but I’ll pray with you in my heart,” and shared a video showing Koo mourning the late Seo Hee-won. Koo and Hsu, also known as Barbie Hsu, dated in the late 1990s, then reunited more than 20 years later and married in 2022. Hsu died Feb. 3 last year at age 48 after catching the flu during a trip to Japan and developing pneumonia complications. Taiwan’s Central News Agency and other local outlets, along with Yonhap News Agency, reported Monday that Koo attended an unveiling ceremony the previous day for a statue honoring Hsu at the Jinbaoshan cemetery in New Taipei City, along with her mother, younger sibling, relatives and friends. Kang Won-rae, who performed with Koo in the group Clon, attended in a wheelchair. Choi Si-won of Super Junior was also there.* This article has been translated by AI. 2026-02-04 09:39:00 -
Buddhist Temple-Style King Dumplings Go on Sale Online and at E-Mart DobanHC Co., the business holding company of South Korea’s Jogye Order of Korean Buddhism, has partnered with food maker CJ CheilJedang to release a limited run of “temple-style king dumplings.” DobanHC said on Feb. 4 that the dumplings are filled only with selected plant-based ingredients — including cabbage, Korean zucchini and mung bean sprouts — to boost texture and deliver a clean, nutty flavor from the ingredients themselves. The company said it strictly followed traditional Buddhist monastic dietary principles, using no meat and none of the “five pungent vegetables” — garlic, green onion, chives, wild chives and asafoetida. It said the product is aimed at consumers tired of strongly seasoned foods, offering what it described as a more comfortable dining option. The dumplings were released as part of a recent CJ CheilJedang chef collection collaboration. The product comes in a 1.05-kilogram large-size package for home use. It will be sold at all E-Mart stores and E-Mart Everyday locations, and will also be available nationwide through DobanHC’s online store, Seungso Mall, and CJ CheilJedang’s online store, CJ The Market. Temple-food specialist Park Seong Hui, a professor at Hyejeon College, will host a “temple-style king dumplings tasting demonstration” at 2 p.m. on Feb. 6 at Seungso on the first floor of the Jogye Order’s Dharma Propagation Hall in Jongno-gu, Seoul. Park will present cooking methods intended to bring out the dumplings’ mild flavor and lead a live cooking and tasting session so attendees can experience the appeal of “K-temple food” with all five senses. 2026-02-04 09:33:00 -
BYD Korea Opens Jeonju Service Center, Targets 26 Sites by Year-End 비야디(BYD)코리아는 4일 BYD 오토 전주 서비스센터를 열고 전북 지역 전기차 고객을 위한 전문 애프터세일즈 서비스를 강화한다고 밝혔다. BYD 승용 부문의 17번째 서비스 네트워크인 전주 서비스센터는 전주를 포함해 익산, 군산, 김제, 완주 등 전북 전역 고객이 보다 안정적이고 체계적인 전기차 정비 서비스를 받을 수 있도록 마련된 통합 거점이다. 전주 도심과 주요 간선도로에서 접근이 쉬운 점도 특징이라고 BYD코리아는 설명했다. 이 센터는 1월에 문을 연 전주 전시장과 함께 운영되는 통합형 시설로, 전시(Showroom)·서비스(Service)·부품(Spare parts)을 한 공간에서 제공하는 3S 체계로 운영된다. BYD코리아는 전시장과의 연계를 통해 이력 관리와 고객 응대의 연속성을 강화해 같은 공간에서 차량 관리 서비스를 받을 수 있다고 밝혔다. 운영은 BYD코리아 공식 딜러사 비전모빌리티가 맡는다. 전주 서비스센터는 대기 시간을 줄이기 위해 예약 기반으로 운영되며, BYD코리아의 정규 테크니컬 교육 과정을 이수한 전문 테크니션이 상주해 BYD 전기차에 맞춘 진단과 정비를 수행한다고 회사는 밝혔다. BYD코리아는 현재 17개인 서비스 네트워크를 연말까지 26개로 늘리는 것을 목표로 하고 있다. 회사는 양적 확대뿐 아니라 전국 어느 지점에서나 일관된 수준의 서비스를 제공할 수 있도록 테크니컬 인력 육성 교육 강화 등 품질 개선에도 나설 계획이라고 밝혔다.* This article has been translated by AI. 2026-02-04 09:30:18 -
Actor Kim Woo Bin Named Polestar Brand Ambassador Swedish electric-vehicle brand Polestar said Tuesday it has selected actor Kim Woo Bin as a brand ambassador. Under the partnership, Kim will experience Polestar products and the brand firsthand and take part in a range of online and in-person activities, including brand events and digital content, to broaden engagement with Polestar customers. Polestar Korea said it focused on Kim’s polished, trustworthy image, saying it aligns with Polestar’s core values of Scandinavian design, performance and sustainability. The company said his emphasis on restrained aesthetics and authenticity is expected to help deliver Polestar’s brand message. Ham Jong Sung, CEO of Polestar Korea, said, “Actor Kim Woo Bin has been loved for a long time based on his distinct style and trustworthy image,” adding that he is expected to convey Polestar’s values of design, performance and sustainability to customers “more sincerely.” Kim said, “I’m happy to be with Polestar. I want to share the brand’s appeal honestly and sincerely.” * This article has been translated by AI. 2026-02-04 09:30:00