Engineering Guarantee Insurance
Scope
Date
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SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Aug 06, 2021 (Gmt+09:00)
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Fiber & Textile
Kolon Industries posts strong Q2 results with growth in all key areas
Kolon Group’s industrial materials maker Kolon Industries Inc. saw a quarterly operating profit over 100 billion won ($87 million) for the fir...
Aug 04, 2021 (Gmt+09:00)
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Entertainment
Lessons learned from Blackpink label's M&A flops
South Korea-based YG Entertainment Inc., the label behind popular K-pop girl group Blackpink, is pushing to sell off its profitable golf business in...
Jul 29, 2021 (Gmt+09:00)
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Biosimilars
Celltrion, Samsung Bioepis anticipate increased biosimilar sales in Europe
South Korean biosimilar companies such as Celltrion Inc. and Samsung Bioepis Co. are likely to see their sales hike by tens of millions of dollars...
Jul 12, 2021 (Gmt+09:00)
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Insurance
Cigna seeks to enter Korea's digital non-life insurance market
The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...
Jun 23, 2021 (Gmt+09:00)
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Artificial intelligence
Coupang fire may cut ROI of warehouse assets
Last week’s devastating fire at a Coupang distribution center, which reportedly burned down more than 16 million items for delivery, is expect...
Jun 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Failed M&As in Korea now draw excess of candidates with better outlook
South Korea’s M&A market is heating up as the outlook for the global economic recovery is becoming more comfortable this year.The M&A ...
Jun 14, 2021 (Gmt+09:00)
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Insurance
Kakao enters insurance sector for synergy with its online platforms
Kakao Corp.’s ambition to become an insurer is gradually becoming a reality. The platform giant’s application to start an insurance busi...
Jun 11, 2021 (Gmt+09:00)
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ESG investing
Korean insurers finance Carlyle's $2 bn deal with ESG debt
South Korean life insurers have made an environmental, social and governance (ESG)-themed investment in The Carlyle Group's €2 billion ($2.4 bi...
Jun 08, 2021 (Gmt+09:00)
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Healthcare
National health insurance to cover dental startup AIOBIO’s QLF device
AIOBIO’s dental diagnostic devices will be covered by South Korea’s national health insurance from June 1. AIOBIO is the country’s...
May 31, 2021 (Gmt+09:00)
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Airlines
Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...
May 25, 2021 (Gmt+09:00)
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Hydrogen economy
Doosan sets sights on hydrogen business as future growth engine
South Korea’s Doosan Group has launched a task force to foster its hydrogen fuel cell business as one of its key growth drivers.The heavy mach...
Apr 20, 2021 (Gmt+09:00)
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Machinery
Doosan Infracore to build 15,000 forklift engines for China’s Linde
Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, has won an order to build 15,000 forklift engines fro...
Apr 19, 2021 (Gmt+09:00)
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IPOs
Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp
Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an initial public offering on the Korean bourse, ...
Apr 13, 2021 (Gmt+09:00)
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Alternative investments
Korean insurers may write down $1.1 bn in global alternatives
South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end ...
Feb 23, 2021 (Gmt+09:00)
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Leadership & Management
Korea Post names new CIOs of savings, insurance arms
Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...
Feb 09, 2021 (Gmt+09:00)
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Airlines
Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...
Jan 19, 2021 (Gmt+09:00)
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Chief Executives
SK Hynix CEO Lee Seok-hee: Star engineer, bookworm, soju connoisseur
When SK Hynix Inc. announced a $9 billion all-cash deal to acquire Intel Corp.’s NAND memory chip business in mid-October of last year, the ma...
Jan 12, 2021 (Gmt+09:00)
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Trade insurance
Seoul to offer $3 bn credit insurance on Saudi's megaprojects
Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...
Jan 08, 2021 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $1 bn Malaysia plant deal
Samsung Engineering Co. has received a letter of intent from Malaysia’s petrochemical firm Sarawak Petchem Sdn Bhd to build a methanol plant i...
Dec 01, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Naver confident third time’s a charm in Japan's search engine market
South Korea’s portal giant Naver Corp. is hoping third time’s a charm as it gears up to re-enter the Japanese search engine market after...
Nov 26, 2020 (Gmt+09:00)
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Construction order
Samsung Engineering wins biggest-ever $3.6 bn deal; shares surge
Samsung Engineering Co., a construction arm of Samsung Group, has clinched a 4.1 trillion won ($3.6 billion) deal to build part of a refinery facility...
Oct 30, 2020 (Gmt+09:00)
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Alternatives
Korean insurers, Shinhan Alternative commit $130 mn in KKR CMBS fund
South Korea's insurers along with Shinhan Alternative Investment Management Inc. have committed $130 million in the real estate stabilized credit (RES...
Oct 23, 2020 (Gmt+09:00)
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M&A
Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General
AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...
Aug 19, 2020 (Gmt+09:00)
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Private equity
Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits
Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...
Aug 11, 2020 (Gmt+09:00)
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Joblessness rate
Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen
South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...
Aug 10, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna’s Korean unit says no decision yet on its possible sale
LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...
Aug 06, 2020 (Gmt+09:00)
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Reinsurance
Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers
The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...
Aug 04, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna to put Korean life insurance arm up for sale
The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...
Jul 24, 2020 (Gmt+09:00)
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Prudential Financial
Prudential seeks to sell Korean insurance arm in estimated $2 bn deal
Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...
Dec 03, 2019 (Gmt+09:00)