Kickgoing Korea
Scope
Date
~
-
Pension funds
Korea’s military fund taps ex-president of Woori Financial as CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...
Jun 28, 2024 (Gmt+09:00)
-
Korean chipmakers
South Korea sets sights on fostering EDA tech to win HBM chip war
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...
Jun 28, 2024 (Gmt+09:00)
-
Travel & Leisure
S.Korea sees foreign visitors 95% of pre-pandemic
The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...
Jun 28, 2024 (Gmt+09:00)
-
Future mobility
Naver Whale features in Renault Korea vehicles
South Korea’s homegrown web browser Whale, developed by Naver Corp., will be installed in Renault Korea cars. Naver Cloud announced on Friday...
Jun 28, 2024 (Gmt+09:00)
-
Retail
Duty-free stores: Golden goose gone for Korean retailers
South Korea welcomed a record-high number of post-pandemic foreign tourist arrivals for a single quarter in the first three months of this year, but...
Jun 28, 2024 (Gmt+09:00)
-
Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
-
Insurance
Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...
Jun 26, 2024 (Gmt+09:00)
-
Korean chipmakers
Korea to inject $200 mn into semiconductor packaging R&D
South Korea will inject 274.4 billion won ($200 million) into a state-run R&D project for semiconductor packaging technology, a key to producing...
Jun 26, 2024 (Gmt+09:00)
-
Korean games
Tencent-backed Shift Up to raise up to $313 mn in IPO
Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...
Jun 26, 2024 (Gmt+09:00)
-
Markets
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
-
Aerospace & Defense
KAI inks $1.4 bn supersonic fighter jet mass production deal
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...
Jun 25, 2024 (Gmt+09:00)
-
Corporate bonds
Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its credit rating upgrade as the holding company ...
Jun 25, 2024 (Gmt+09:00)
-
Banking & Finance
S.Korea’s travel payment card market competition heats up
Competition in the South Korean travel payment card market intensified as increasing overseas trips and cross-border shopping prompted credit card i...
Jun 24, 2024 (Gmt+09:00)
-
Pension funds
Korea's NPS CIO talks with GPIF, GIC execs on asset allocation
South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...
Jun 24, 2024 (Gmt+09:00)
-
Corporate restructuring
SK puts shares in Goldman-backed Korea Superfreeze on market
SK Group has put its shares in Korea Superfreeze Inc., a cold chain logistics company jointly owned by EMP Belstar and Goldman Sachs, on the market,...
Jun 24, 2024 (Gmt+09:00)
-
Mergers & Acquisitions
Korean seafood giant Sajo acquires Foodist for $181 million
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
Jun 24, 2024 (Gmt+09:00)
-
Foreign exchange
Korea FX authorities, NPS raise currency swap limit to $50 bn
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...
Jun 21, 2024 (Gmt+09:00)
-
Short selling
MSCI keeps Korea on emerging market list on short-selling ban
MSCI Inc. maintained South Korean stocks in its emerging market list as the government kept its blanket short-selling ban, denting the country&rsquo...
Jun 21, 2024 (Gmt+09:00)
-
Leadership & Management
Korea Zinc speeds up separation from Youngpoong in management feud
South Korea’s largest zinc smelter Korea Zinc Co. is accelerating its efforts to terminate its decades-long business relations with parent You...
Jun 21, 2024 (Gmt+09:00)
-
Airlines
South Korea-Japan air travelers soar to 10 mn in first five months
The number of air passengers traveling between South Korea and Japan has surpassed 10 million in the first five months of this year, setting a new r...
Jun 21, 2024 (Gmt+09:00)
-
Private equity
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Jun 20, 2024 (Gmt+09:00)
-
E-commerce
Shein cracks Korea's ultra-low-cost online fashion market
Shein, a Chinese fast fashion online retailer, announced on Thursday its official debut in South Korea with the launch of its Korea-dedicated platfo...
Jun 20, 2024 (Gmt+09:00)
-
Hydrogen economy
Hyundai E&C to build S.Korea's first nuclear-linked hydrogen plant
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) will lead a consortium to build the nation's first hydrogen production fa...
Jun 20, 2024 (Gmt+09:00)
-
ESG
LIG Nex1 earns top Morgan Stanley ESG rating of AA for 2nd consecutive year
LIG Nex1 Co., a leading defense system developer in South Korea, announced on Thursday that it has received an AA rating in the 2024 environmental, ...
Jun 20, 2024 (Gmt+09:00)
-
IPOs
Kosdaq cancels IPO approval for cloud developer InnoGrid
The Kosdaq market under the Korea Exchange said on Wednesday it has canceled its preliminary approval for InnoGrid Co.’s initial public offeri...
Jun 19, 2024 (Gmt+09:00)
-
Executive reshuffles
Shinsegae hires Alibaba Korea head to lead online mall Gmarket
Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...
Jun 19, 2024 (Gmt+09:00)
-
Fashion
S.Korea's Handsome opens global flagship store System Paris
South Korean fashion company Handsome Corp. announced on Wednesday that it will open its first global flagship store System and System Homme Paris i...
Jun 19, 2024 (Gmt+09:00)
-
Economy
South Korea climbs to 20th on IMD national competitiveness list
South Korea’s national competitiveness ranking climbed eight notches to its highest-ever 20th thanks to a leap in the country’s business...
Jun 18, 2024 (Gmt+09:00)
-
Economy
Korea’s food prices highest among OECD nations; utility bills at bottom
South Korea’s food prices were found to be the highest among the Organization for Economic Cooperation and Development (OECD) countries last y...
Jun 18, 2024 (Gmt+09:00)
-
North Korea
North Korea Sent Excrement Balloons. South Korea’s Response: Blasting BTS Hits.
SEOUL—After enduring days of balloon bombardment from the Kim Jong Un regime, South Korea countered with an airwaves assault of it...
Jun 18, 2024 (Gmt+09:00)