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Insights
28-Jan-19 State-owned Saudi Aramco plans to invest up to USD1.6 bn for a nearly 20 percent stake in South Korean refiner Hyundai Oilbank, expanding its foothold in one of its biggest Asian buyers of crude oil. [image: Reuters / Hamad I Mohammed]
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Insights
27-Nov-18 E-commerce is reshaping retail and threatens to displace traditional shopping. Korea’s retail sector is thriving in the face of this upheaval, with 6% growth in 2018. Improved relations with China have driven 34% duty-free sales growth. [image: Shutterstock / Retail In Asia]
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Insights
20-Nov-18 SoftBank's Vision Fund will invest USD2 bn in Korea’s Coupang, giving Korea's largest online retailer funds to accelerate development of new shopping and delivery services. Coupang, founded in 2010, sells over 120 mn items from consumer electronics to food. [image: Kiyoshi Ota / Bloomberg]
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Insights
23-Oct-18 Following a strategic partnership between Ant Financial's Alipay and Korean payment system integrator Kakaopay, all taxis in Seoul will accept Alipay from Jan-19. The service will take payment from Chinese visitors via Alipay and locals via Kakaopay. [image: Alipay / Payment Week]
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Insights
18-Oct-18 South Korean capital is leaking out of China, flooding into the US and pouring into South and Southeast Asia. Investments include the world’s largest mobile phone factory, a USD716 mn spend by Samsung Electronics in India. [image: Export-Import Bank of Korea]
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