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ASK Summit 2020
KED to host alternative investment summit for Korean, global asset managers
The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...
Oct 14, 2020 (Gmt+09:00)
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Interview
Korean teachers’ fund keen on equities, M&A deals
The Korean Teachers’ Credit Union (KTCU), a $29 billion savings fund, will increase its exposure to equities markets and M&A financing deals...
Oct 13, 2020 (Gmt+09:00)
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Mobile games
Korean mobile game developer buys out German rival
South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...
Oct 12, 2020 (Gmt+09:00)
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Korean Teachers' Credit Union
Korean teachers' fund pockets sweet returns from US cloud-based platform
The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...
Oct 12, 2020 (Gmt+09:00)
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Real estate debt
Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund
South Korean pension and savings funds, including the Yellow Umbrella Mutual Aid Fund and the Korea Scientists and Engineers Mutual-aid Association (S...
Oct 10, 2020 (Gmt+09:00)
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Fashion trends
Korean men in pink, disrupting traditional fashion
Global K-pop sensation BTS made headlines when they all dressed in pink for their "Boy with Luv" music video. The color pink, a so-called feminine c...
Oct 09, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal
Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...
Oct 07, 2020 (Gmt+09:00)
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Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down
South Korean brokerage firms, having scooped up $20 billion worth of overseas real estate deals over the past three years, are now saddled with $7 bil...
Oct 06, 2020 (Gmt+09:00)
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Automobiles
Robust SUV sales drive Korean carmakers’ US market share to 9-yr high
South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...
Oct 05, 2020 (Gmt+09:00)
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Cafe-goers' bucketlist
Felt Coffee introduces minimalism to Korean coffee shops
Two years ago, a new coffee shop appeared in Gwanghwamun, one of the busiest office districts in Seoul, redirecting the daily traffic of businesspeo...
Sep 30, 2020 (Gmt+09:00)
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Top Korean travel platform Yanolja to join startups lining up for IPOs
South Korea’s largest travel platform Yanolja is planning to list on the domestic stock market in 2022, paving the way for Singapore’s GIC...
Sep 29, 2020 (Gmt+09:00)
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Korean 100-year-old traditional house becomes trendy destination for cafe-goers
The life of a building emulates the human experience more than we suspect -- encountering countless number of people, wearing down with age, and event...
Sep 27, 2020 (Gmt+09:00)
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Korean regulator mulls flat-rate underwriting fees to cool IPO hype
South Korean financial regulators are considering introducing flat-rate underwriting fees for initial public offerings, in a move seen aimed at coolin...
Sep 25, 2020 (Gmt+09:00)
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Startups
Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn
South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, is seeking to raise over 1 trillion won ($852 millio...
Sep 24, 2020 (Gmt+09:00)
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Airline industry
Asiana Airlines converts A350 passenger jet into cargo carrier
South Korean airline Asiana Airlines Inc. has transformed its passenger aircraft A350-900 into a cargo carrier in a move to enhance its cargo operatio...
Sep 24, 2020 (Gmt+09:00)
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Batteries
Tesla unveiling offers opportunity for Korean EV battery makers; shares down
Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...
Sep 23, 2020 (Gmt+09:00)
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Markets
S. Korean automakers rise despite stronger Korean currency
Shares of Hyundai Motor Co. and Kia Motors Corp. are rising despite the rising trend in the value of the Korean won versus the dollar, which usually w...
Sep 21, 2020 (Gmt+09:00)
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Restructuring
Kumho Asiana Group eyes sale of affiliate golf course and resort
Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...
Sep 21, 2020 (Gmt+09:00)
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Foreign exchange
Korean won rebounds to pre-pandemic level; more gains seen until US election
The South Korean won leapt to its highest close in eight months against the dollar on Sept. 18, powered by foreign investors’ week-long stock bu...
Sep 18, 2020 (Gmt+09:00)
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Korean Air seeks to sell 73-story skyscraper amid financial woes
Korean Air Lines. Co. is reaching out to overseas investors to gauge their interest in acquiring Wilshire Grand Center, a landmark building in Los Ang...
Sep 17, 2020 (Gmt+09:00)
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National Pension Service
NPS to cease paying management fees for Korean PEF project funds
The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...
Sep 17, 2020 (Gmt+09:00)
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Restructuring
Korean Air to lend $950 mn to US hotel unit for debt repayment
Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...
Sep 17, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor ships fuel cell system to non-automotive European startups
Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...
Sep 16, 2020 (Gmt+09:00)
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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)
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Tech
Korean chipmakers rewrite China business strategy amid US trade ban
South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...
Sep 14, 2020 (Gmt+09:00)
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Tech
Korean display makers poised to suffer from US ban on Chinese app WeChat
Korea’s two largest display panel makers – Samsung Display Co. and LG Display Co. – are widely expected to suffer from the US ban on...
Sep 14, 2020 (Gmt+09:00)
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Airline industry
Asiana again placed under creditor control; resale unlikely by year-end
Creditors of Asiana Airlines Inc. have decided to place the financially troubled carrier under their control after officially declaring the collapse o...
Sep 11, 2020 (Gmt+09:00)
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LNG Project
Korean steelmakers to supply $100 mn worth of pipes for Canada’s largest LNG project
South Korean steelmakers POSCO and SeAH Steel Corp. will jointly supply 12,000 tons of stainless steel pipe for a liquefied natural gas project in Kit...
Sep 11, 2020 (Gmt+09:00)
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Korean startups
Korean last-mile delivery apps’ valuations out of sync with demand surge
South Korea’s leading last-mile delivery startups have put their shares or management rights up for sale, riding on the surging demand for deliv...
Sep 10, 2020 (Gmt+09:00)
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Private equity
IMM PE to sell Hollys Coffee to Korean chemical-to-steel group
Seoul-based IMM Private Equity is in the final stages of talks to sell South Korea’s Hollys Coffee to the country’s chemical- to steel-foc...
Sep 09, 2020 (Gmt+09:00)
Latest News
- 1 TheBorn Korea eyes M&As, overseas expansion after planned $73.7 million IPO
- 2 Korea's Hana Bank to promote foreigners as managers in overseas units
- 3 Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
- 4 Korean LPs sharpen focus on GPs' post-investment management
- 5 LG Energy Q3 profit more than doubles on higher sales