Asia art hub
Scope
Date
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Life & Arts
Art auction sales in Korea soar to highest point since 2008 financial crisis
South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...
Jun 23, 2021 (Gmt+09:00)
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Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...
Jun 18, 2021 (Gmt+09:00)
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Korean startups
Mirae, Naver set for hefty profit from Didi Chuxing IPO
The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected to generate as much as 200 bil...
Jun 15, 2021 (Gmt+09:00)
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Food & Beverage
Korea’s F&B exports to surpass $4.5 billion in 2021
South Korea’s food and beverage (F&B) exports set a new record in 2020 and are projected to rise even higher this year. According to Korea...
Jun 14, 2021 (Gmt+09:00)
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Webtoons
Naver vs. Kakao: Global webtoon duel extends into Southeast Asia
The global webtoon battleground between South Korea's leading platforms Naver Corp. and Kakao Corp. has expanded into Southeast Asia with each compa...
Jun 14, 2021 (Gmt+09:00)
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Private equity
IMM Investment eyes $900 mn infrastructure fund launch
IMM Investment Corp., a South Korean alternative investment firm, is planning to raise 1 trillion won ($900 million) for its new infrastructure fund...
Jun 11, 2021 (Gmt+09:00)
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Global F&B industry
Korea’s bakery franchises target Southeast Asia for growth opportunities
South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...
Jun 09, 2021 (Gmt+09:00)
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Entertainment
CJ ENM to spend $4.5 bn to become Asia's Marvel Studios
South Korean media company CJ ENM Co. on Monday announced a plan to spend 5 trillion won ($4.5 billion) to produce original content over the next fi...
Jun 01, 2021 (Gmt+09:00)
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Korean startups
AI chip startup FuriosaAI wraps up $70 mn Series B round
South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...
May 31, 2021 (Gmt+09:00)
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ASK 2021 Interview
Long-term transformation in public markets: ValueAct
On May 12th ValueAct Partner, CEO, and Chief Investment Officer G. Mason Morfit appeared at the ASK Global Conference 2021 hosted by The Korea Econo...
May 27, 2021 (Gmt+09:00)
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Pension funds
CPPIB says no negative screening for ESG investing
The Canada Pension Plan Investment Board (CPPIB) does not carry out negative screening to exclude companies and sectors that do not comply with envi...
May 27, 2021 (Gmt+09:00)
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Wealth management
Songs and art: Fractional investing bedazzles millennial investors
Meet Mr. A, born in the '80s and a self-proclaimed "analog person" who enjoys collecting CDs and artbooks of his favorite painters. But recently, Mr...
May 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Naver vs Kakao: Intense rivalry to extend beyond Asia
South Korea's two online giants Naver Corp. and Kakao Corp. have completed their respective acquisitions of storytelling platforms in the US and Can...
May 11, 2021 (Gmt+09:00)
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Samsung Group
Hong Ra-hee: Chief architect of Samsung Group’s art initiative
Samsung Group founder Lee Byung-chul was known to be one of the most avid collectors of Korean antiques. Among his vast collection of priceless cult...
Apr 30, 2021 (Gmt+09:00)
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Samsung Group
Donations from Lee Kun-hee's collection: From national treasures to Western masterpieces
The Samsung Group heirs' announcement that they will donate some 23,000 pieces of art and cultural artifacts collected by the late Chairman Lee Kun-...
Apr 30, 2021 (Gmt+09:00)
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Inheritance tax
Samsung heirs to donate nearly $3 bn in cash, art
The Samsung Group heirs announced on Wednesday their donation of 2 trillion won ($1.8 billion) worth of art from the collection they inherited from ...
Apr 28, 2021 (Gmt+09:00)
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Culture & Trends
Samsung heirs likely to donate over half of Lee's art collection
Samsung Group heirs, including Samsung Electronics Co. Vice Chairman Jay Y. Lee, have tentatively agreed to donate more than half of the late Lee Ku...
Apr 16, 2021 (Gmt+09:00)
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Private equity
MBK sees "golden window of opportunity" in N.Asia in 2021
North Asia-focused MBK Partners is betting on economic recovery this year and will diversify its consumer-oriented portfolio with export-driven comp...
Apr 12, 2021 (Gmt+09:00)
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Private equity
IMM PE's art of the exit: Cable maker, online mall
Seoul-based IMM Private Equity has come into the spotlight with a series of lucrative exits in South Korea, including the 265 billion won ($237 mill...
Apr 08, 2021 (Gmt+09:00)
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Industrial nitrates
Hu-Chems set to solidify nitric acid leadership with Asia’s largest capacity
The semiconductor chip manufacturing process requires wafer – a thin slice of semiconductor on which integrated circuits are fabricated – ...
Mar 12, 2021 (Gmt+09:00)
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Chemical Industry
Hu-Chems to solidify nitrate leadership with Asia’s largest capacity
The semiconductor chip manufacturing process requires that wafers – thin slices of semiconductor on which integrated circuits are fabricated &...
Mar 12, 2021 (Gmt+09:00)
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Samsung Group
Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...
Mar 04, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK teams with Plug Power to tackle Asia's hydrogen ecosystem
South Korea-based SK Group is ready to take on the growing Asian fuel cell market, having finalized a $1.6 billion deal to acquire around a 10% stak...
Feb 25, 2021 (Gmt+09:00)
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Korean food
Daesang marks Indonesia as hub for Middle East expansion
South Korea-based Daesang Corp. plans to beef up investment in Indonesia as part of its strategy to foster future growth drivers and to tap into the...
Feb 18, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific, Shopee ink partnership for Southeast Asian market
Amorepacific Corp., the South Korean beauty giant, has signed a partnership agreement with Shopee, a Singaporean e-commerce platform, to expand it...
Feb 16, 2021 (Gmt+09:00)
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Alternative investments
KKR’s Asia real estate fund draws around $400 mn from Korea
South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate f...
Jan 14, 2021 (Gmt+09:00)
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Alternative investments
KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea
The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...
Jan 11, 2021 (Gmt+09:00)
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Korean startups
Masks as fashion statement through art collaboration
Face masks have become essential in the COVID-19 era to prevent the spread of the virus. But aside from protecting users against the pandemic, masks...
Dec 30, 2020 (Gmt+09:00)
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Biopharma CMO
Moderna deal shows Korea’s prowess as global hub for biopharma CMO
South Korea is emerging as a global hub for the contract manufacturing of biopharmaceuticals following its latest deal to procure COVID-19 vaccines ...
Dec 30, 2020 (Gmt+09:00)
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Darcy Paquet on Korean film
The art and business of the remake
A decade ago, if you dropped the word "remake" into conversation with someone who worked in the Korean film industry, a discussion might have ensued...
Dec 11, 2020 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer