South Korea’s grew by a mere 0.2% QoQ in 4Q 2009 due to weakness in manufacturing, construction and exports, said the Bank of Korea on Tuesday. The GDP had posted 3.2% QoQ growth in 3Q 2009, its most robust performance in over seven years. Following a contraction of 5.1% QoQ in 4Q 2008, South Korea’s [...]

Samsung SDI, South Korean maker of lithium-ion batteries and plasma display panels, reported a modest 8.8% YoY decline in 4Q 2009 OI to KRW46.7 bn ($40.6 mn

South Korea’s government said it is considering the sale of more shares of Woori Finance Holdings, the country’s third-largest financial company. Woori Finance Holdings may be among potential investors in Korea considering Hanmi Financial Corp [HAFC US] as an acquisition target.