Asia first
Scope
Date
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Earnings
Mirae Asset Global Investments posts record-high Q1-Q3 net profit
Mirae Asset Global Investments Co. announced on Nov. 15 that its operating profit and net profit for the first three quarters came in at 312.4 bil...
Nov 16, 2021 (Gmt+09:00)
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Business & Politics
Samsung heir Lee on US trip for foundry investment, COVID vaccines
Jay Y. Lee, vice chairman and de facto leader of South Korea’s top conglomerate Samsung, has embarked on a business trip to North America to f...
Nov 14, 2021 (Gmt+09:00)
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Private equity
AIIB commits $60 mn to STIC Asia Infra Innovation Fund
The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...
Nov 12, 2021 (Gmt+09:00)
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Energy
SeAH to supply monopiles for Orsted’s UK offshore wind farm project
SeAH Steel Holdings Corp. ’s UK subsidiary is set to supply monopiles, steel tubes that serve as a fixed foundation for offshore wind turbines...
Nov 11, 2021 (Gmt+09:00)
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Corporate bonds
Korea’s Hot Chicken Flavor Ramen maker to issue first bond
South Korea’s Samyang Foods Co., the maker of the Hot Chicken Flavor Ramen, plans to issue its first corporate bonds ever as it is expanding b...
Nov 10, 2021 (Gmt+09:00)
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Future Mobility
Hyundai to set up UAM research center in LA next year
South Korea’s Hyundai Motor Group is accelerating the urban air mobility (UAM) business with a plan to set up a research center for the sector...
Nov 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KKR invests $2 bn in SK E&S' new preferred shares
KKR & Co. has signed an agreement to buy 2.4 trillion won ($2 billion) worth of newly-issued preferred shares in SK E&S Co., the US private ...
Nov 05, 2021 (Gmt+09:00)
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Private equity
MBK's Lee listed among Forbes' power Asia businesswomen
MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...
Nov 04, 2021 (Gmt+09:00)
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Actis
[ASK 2021] The Investment Case for Asia Real Estate
Actis is a leading global investor in sustainable infrastructure. Actis has raised US $24bn since inception and operates with sustain...
Nov 04, 2021 (Gmt+09:00)
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Orion Capital Asia
[ASK 2021] Private Debt Opportunities in Asia Pacific
Orion Capital Asia, established in 2013, is a Singapore based private debt investment manager with strong investment track record of over US$1 b...
Nov 02, 2021 (Gmt+09:00)
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Energy
POSCO International, Petronas sign PSC for Malaysian gas development
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...
Nov 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Naver, Mirae Asset ramp up investment in India’s promising startups
South Korea’s top online platform operator Naver Corp. and brokerage giant Mirae Asset Securities Co. are aggressively investing in promi...
Oct 28, 2021 (Gmt+09:00)
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ASK 2021
KIC to expand long-term investment in Asia
Korea Investment Corp. (KIC) focused on strengthening venture capital (VC) strategies and expanding co-investments with general partners (GPs) this ...
Oct 28, 2021 (Gmt+09:00)
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Cryptocurrencies
KTCU to be Korea’s first pension fund to invest in cryptocurrency ETF
South Korea’s second largest institutional investor Korean Teachers' Credit Union (KTCU), with $40.2 billion under management, is eyeing its f...
Oct 25, 2021 (Gmt+09:00)
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Automobiles
Hyundai to target Southeast Asia EV market from Indonesia
Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...
Oct 25, 2021 (Gmt+09:00)
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Private equity
Sweden's EQT staffs up in Asia with focus on Korea
EQT Partners, Europe's largest private equity firm, is staffing up its Asia Pacific team with a focus on South Korea, the investment firm said on Mo...
Oct 25, 2021 (Gmt+09:00)
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Private equity
EQT to open Seoul office by yr-end to source Korean deals
EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...
Oct 20, 2021 (Gmt+09:00)
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IPOs
Korea’s Simone to spend up to 40% of net profit for dividends
South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...
Oct 19, 2021 (Gmt+09:00)
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Venture capital
Korean VC firms expand investment in Southeast Asia
South Korean venture capital firms are expanding their investment in Southeast Asia, where startups grow rapidly based on a large population.K...
Oct 18, 2021 (Gmt+09:00)
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Entertainment
CJ ENM in exclusive talks to acquire SM Entertainment
South Korea's entertainment powerhouse CJ ENM Co. is in exclusive talks to acquire a 19.37% stake in SM Entertainment Co., the country's first-gener...
Oct 15, 2021 (Gmt+09:00)
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Electronics
LG Electronics brings gardening indoors with plant cultivator Tiiun
LG Electronics Inc. is bringing gardening indoors by unveiling a plant growing appliance, which allows consumers to grow flowers, vegetables and her...
Oct 14, 2021 (Gmt+09:00)
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Foreign exchange
Won hits 15-month low as global inflation woes spur equity outflow
The South Korean won weakened past the psychologically important 1,200 per dollar mark for the first time in 15 months as growing worries about glob...
Oct 12, 2021 (Gmt+09:00)
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Machinery
S.Korean heavy equipment makers ride global raw materials boom
The surging demand for raw materials around the world are driving sharp sales rebounds of South Korea’s two leading equipment makers Hyundai C...
Oct 11, 2021 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s first homegrown space rocket Nuri set for October launch
South Korea will be the seventh country in the world to launch a space rocket with homegrown technologies. The long-awaited Nuri, or Korea Space Launc...
Oct 08, 2021 (Gmt+09:00)
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Earnings
Samsung Q3 operating profit at 3-year high on chips, Galaxy
Samsung Electronics Co., the world’s top memory chip and smartphone maker, reported its highest operating profit in three years with record ...
Oct 08, 2021 (Gmt+09:00)
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Batteries
SKIET to start commercial operation of its first separator plant in Europe
South Korea’s SK IE Technology Co. (SKIET), SK Innovation Co. 's battery material business subsidiary, plans to start commercial operation of ...
Oct 07, 2021 (Gmt+09:00)
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Automobiles
New Mercedes-Benz C-Class equipped with LG ADAS camera
The new Mercedes-Benz C-Class is equipped with LG Electronics Inc.’s advanced driving assistance system (ADAS) camera module, helping the Sout...
Oct 07, 2021 (Gmt+09:00)
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Hydrogen economy
SK, Plug Power launch JV to grab Asia’s hydrogen fuel cell market
SK Group’s city gas supplier SK E&S Co. said on Oct. 6 that it has officially kicked off the joint venture (JV) with the American hydrogen...
Oct 06, 2021 (Gmt+09:00)
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E-commerce
Korea's first-generation platforms collapse, ringing in new e-commerce era
South Korea's first-generation e-commerce platforms, which have been around since the 1990s, are rushing to sell off their businesses as their valua...
Oct 05, 2021 (Gmt+09:00)
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Food & Beverage
Next K-wave in Asia: Convenience stores
When South Korean major convenience store chain CU opened its first branch in Malaysia on April 1, there was a queue of more than 100 meters to get ...
Oct 05, 2021 (Gmt+09:00)
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