Digital Key 2
Scope
Date
~
-
Corporate restructuring
Ssangyong Motor gets 2-months' grace before court-led restructuring
Ssangyong Motor Co. has received court approval for a two-month suspension of its obligations to repay debt as the troubled automaker is seeking to ...
Dec 28, 2020 (Gmt+09:00)
-
Executive reshuffles
Hyundai Motor Chairman's inner circle promoted to key leadership
Hyundai Motor Group has carried out a massive reshuffling among its key affiliates, with members of Chairman Chung Euisun's inner circle promoted ...
Dec 16, 2020 (Gmt+09:00)
-
Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
-
Mergers & Acquisitions
Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain
The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and enterta...
Dec 07, 2020 (Gmt+09:00)
-
Artificial intelligence
LG launches AI research think tank for digital transformation
LG Electronics Inc. has launched LG AI Research, an artificial intelligence think tank dedicated to securing AI technology, to further aid the gro...
Dec 07, 2020 (Gmt+09:00)
language -
Alternative investments
NPS acquires $2 bn US logistics portfolio with Stockbridge
The National Pension Service has teamed up with the US-based Stockbridge Capital Group to acquire a $2 billion portfolio of logistics facilities in ...
Dec 04, 2020 (Gmt+09:00)
-
Economy
KRW strengthens to 2.5-year high as Korean stocks rally
The South Korean won has strengthened to its highest level in two and a half years amid local stocks’ three-day bull run to a record high on h...
Dec 03, 2020 (Gmt+09:00)
-
Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
-
Hydrogen economy
Kolon Industries to mass produce key material for fuel cells
Kolon Industries Inc., a South Korean chemical and textile manufacturing company, is readying for the mass production of a key material for fuel cells...
Nov 19, 2020 (Gmt+09:00)
-
Markets
Samsung shares hit historic high as foreign investors scoop up net $2.3 bn
Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...
Nov 13, 2020 (Gmt+09:00)
-
Economy
S. Korea’s current account surplus at 2-yr high; full-year surplus to top BOK forecast
South Korea’s current account surplus rose in September to its highest level in two years on the back of rebounding exports of chips and automob...
Nov 05, 2020 (Gmt+09:00)
-
Shipping & Shipbuilding
Hyundai Heavy affiliate wins $375 mn order for 2 LNG carriers
Korea Shipbuilding & Offshore Engineering Co., a shipbuilding arm of Hyundai Heavy Industries Group, has won a 425 billion won ($375 million) orde...
Nov 02, 2020 (Gmt+09:00)
-
Korean Investors
Transparency, GP commitment key in Korea LPs' manager selection
South Korea’s leading institutional investors, including the National Pension Service (NPS), rated general partners’ (GP) commitment and f...
Oct 28, 2020 (Gmt+09:00)
-
Shareholder value
LG Chem’s No. 2 shareholder NPS opposes battery spin-off
South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...
Oct 28, 2020 (Gmt+09:00)
-
Quarterly earnings
Hyundai Motor reports Q3 loss on $2 bn provisioning
Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...
Oct 26, 2020 (Gmt+09:00)
-
Quality cost
Hyundai, Kia to reflect $2.94 bn quality costs in Q3 results
Hyundai Motor Co. and affiliate Kia Motors Corp. said on Oct. 19 that a combined 3.36 trillion won ($2.94 billion) in quality-related costs will be re...
Oct 19, 2020 (Gmt+09:00)
language -
Samsung Electronics
Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei
Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...
Oct 08, 2020 (Gmt+09:00)
-
Samsung Electronics, Huawei Technologies, Apple
Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei
Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...
Oct 08, 2020 (Gmt+09:00)
-
Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond
Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...
Sep 16, 2020 (Gmt+09:00)
-
Pension fund
Korean pensions sell off net $2.6 bn in domestic equities since August
South Korea’s pension funds including the National Pension Service sold off a net 3.12 trillion won ($2.6 billion) worth of domestic equities fr...
Sep 15, 2020 (Gmt+09:00)
-
Central bank
BOK to buy $4.2 bn in state bonds by year-end to stabilize debt market
The Bank of Korea will buy state bonds worth 5 trillion won ($4.2 billion) directly from the market by the end of this year to stabilize the local deb...
Sep 08, 2020 (Gmt+09:00)
-
Venture capital
Korean digital wallet operator raises $173 mn from foreign VC firms
Viva Republica Inc., the operator of South Korea's popular digital wallet Toss, has raised its largest single fundraising worth $173 million from...
Aug 28, 2020 (Gmt+09:00)
-
M&A
PAG inks $127 mn deal to sell Tobots-maker Young Toys to MiraeN, 2 local PEFs
Hong Kong-based investment firm PAG has agreed to sell South Korean toymaker Young Toys Inc. to a consortium led by local education service provi...
Aug 27, 2020 (Gmt+09:00)
-
k-webtoon
How Korean platform giants disrupted the digital comics market with webtoons
South Korean webtoons (mobile and digital comics) are taking over the digital comics markets in Japan and the US. Market watchers claim it is&nbs...
Aug 20, 2020 (Gmt+09:00)
-
KOSPI
Credit Suisse raises KOSPI target to 2,600 amid positive outlook for market recovery
Swiss-based investment bank Credit Suisse has raised its KOSPI target to 2,600 from 2,300 on August 19 on the back of the weakened US dollar and impro...
Aug 20, 2020 (Gmt+09:00)
-
sneaker resale market
Companies eye $2 bn sneaker resale market to lure next generation
Korea’s sneaker resale market is gaining traction as it becomes increasingly lucrative for buyers and sellers. The $2 billion sneaker resale mar...
Aug 10, 2020 (Gmt+09:00)
-
Entertainment
Naver Webtoon becomes industry's first to post over $2.5 mn for daily paid-content
Naver Webtoon has become the industry's first to post over 3 billion won ($2.5 million) for daily paid-content as of August 2, breaking its own r...
Aug 07, 2020 (Gmt+09:00)
-
Markets
Korean stocks end at highest level in 2 years as ants load up
South Korean shares rallied for a second consecutive session on Wednesday, ending at the highest level in nearly two years, as individual investors sn...
Aug 05, 2020 (Gmt+09:00)
-
Shareholder activism
Local activist fund announces tender offer for 1.2 million warrants in Korean Air's parent company
A Korean activist fund that failed to oust Hanjin KAL's current management during a shareholder meeting in March is trying to increase its stake ...
Jul 23, 2020 (Gmt+09:00)
-
Pension fund
NPS and Allianz to set up $2.3 bn Asian property fund
The National Pension Service (NPS) is to launch a $2.3 billion property fund with Germany’s Allianz SE to invest in core real estate in Asia, wi...
Jun 29, 2020 (Gmt+09:00)
Latest News
- 1 Apparel maker Hansae sets sights on auto parts business as new growth driver
- 2 Hyundai, Kia production may be disrupted by subsidiary’s labor strike
- 3 UCK Partners suggests Korean-style approach for buyout deals
- 4 Hankook Tire supplies tires to BMW
- 5 HD Hyundai to build int'l standards for carbon emissions