Korea IMM Investment
Scope
Date
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IPOs
Korea’s slated IPOs fail to attract investors
Investor confidence has waned in South Korea in line with stock market instability. Stock prices of some newly listed companies have failed to mee...
Oct 25, 2021 (Gmt+09:00)
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Banking & Finance
Citibank Korea to shut down retail business in phases
Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...
Oct 25, 2021 (Gmt+09:00)
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Metaverse
Masayoshi Son to bet $170 mn on Naver metaverse platform
Softbank Group founder Masayoshi Son is slated to bet $170 million on Naver Corp.’s metaverse platform. The investment is expected to help Nav...
Oct 24, 2021 (Gmt+09:00)
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Steel
POSCO reaps rewards from Australia’s Roy Hill investment
POSCO, the world’s fifth-largest steelmaker by output, has reaped the rewards of a $1.1 billion investment it made in Australia’s Roy Hi...
Oct 24, 2021 (Gmt+09:00)
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Korean games
Korea’s WeMade, ten bagger with play-to-earn game
When Vincent Gallarte was fired in July, the Manila IT analyst found an unusual financial lifeline – an online game that rewards players in cr...
Oct 22, 2021 (Gmt+09:00)
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M&As
Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover
Kang Young-kwon, chairman and chief executive of South Korea’s Edison Motors Co., was virtually unheard of in the country’s automobile i...
Oct 22, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s Nuri: Mission unaccomplished, but one step closer to space
South Korea has launched its first domestically designed and developed space rocket Nuri, but failed to put a satellite into orbit, thwarting its bid ...
Oct 21, 2021 (Gmt+09:00)
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Private equity
STIC raises $25 mn to co-invest in US oil terminal
South Korea's STIC Alternative Co. has raised $25 million to invest in a special purpose company of the Carlyle Group, which owns 50% of an oil expo...
Oct 20, 2021 (Gmt+09:00)
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Battery materials
SK Inc. to invest $102 million in China’s copper foil firm Lingbao Wason
SK Inc., the holding and investment company of South Korea’s SK Group, plans to invest 120 billion won ($102 million) in China’s Lingbao...
Oct 20, 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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Batteries
Samsung SDI, Stellantis to build billion-dollar battery JV in US
Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...
Oct 19, 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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Tech, Media & Telecom
Hanwha-invested OneWeb’s internet satellites launched into orbit
A Soyuz rocket has launched 36 new internet satellites operated by London-based OneWeb, in which South Korea’s Hanwha Systems Co. has a stake,...
Oct 15, 2021 (Gmt+09:00)
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Alternative investments
CalSTRS, POBA co-invest $317 mn in US debts in 2021
The California State Teachers’ Retirement System (CalSTRS) and South Korea's Public Officials Benefit Association (POBA) have invested a combi...
Oct 15, 2021 (Gmt+09:00)
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Hydrogen economy
SK to form 'turquoise' hydrogen JV in Korea with Monolith
SK Inc., the holding and investment company of South Korea’s SK Group, agreed to establish a 'turquoise' hydrogen joint venture in the country...
Oct 13, 2021 (Gmt+09:00)
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Corporate restructuring
Amazon in talks to invest in SK Tel's spun-off unit
Amazon.com, the world's largest online retailer, is in negotiations with South Korea's SK Telecom Co. to invest in the mobile carrier's non-telecom ...
Oct 13, 2021 (Gmt+09:00)
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North Korea
North Korea puts on show of missile might as Kim Jong-un snubs US
North Korea put on one of its largest displays of missiles at an event at which dictator Kim Jong Un said Pyongyang couldn’t trust r...
Oct 13, 2021 (Gmt+09:00)
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Private equity
Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant
Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...
Oct 13, 2021 (Gmt+09:00)
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Real estate debt
M&G picks logistics, residential property for 2022
London-based M&G Investments expects the logistics and residential real estate markets in most parts of Europe to continue to offer attractive r...
Oct 12, 2021 (Gmt+09:00)
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Economy
Korea private debt growth at record high of $98 bn in Q2
South Korea’s private sector debt jumped near $100 billion in the April-June period, a record high of quarterly growth, amid an overheating pr...
Oct 12, 2021 (Gmt+09:00)
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Pension funds
Korea Post's savings arm earns 8.45% return in H1
Korea Post's savings arm earned an 8.45% return on investments in the first half of this year, broadly in line with the average rate of return repor...
Oct 12, 2021 (Gmt+09:00)
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Taxation
Samsung, SK Hynix to pay corporate taxes to foreign countries
South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...
Oct 10, 2021 (Gmt+09:00)
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Travel & Leisure
Travel bubble triples Koreans’ trips to Saipan
A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...
Oct 10, 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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Hydrogen economy
S.Korea sees tenfold rise in hydrogen fuel use by 2030
South Korea will sharply increase the adoption of hydrogen as a fuel of transportation, industrial plants and power generators to become the world's...
Oct 07, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants
Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, on Thursday broke ground on a hydrogen fuel cell plant, part of its 1.32 trillion won...
Oct 07, 2021 (Gmt+09:00)
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Energy
Korea to require power plants to use more renewable energy resources
South Korea plans to require domestic power companies to consume more renewable energy resources for electricity production. The move is a part of t...
Oct 07, 2021 (Gmt+09:00)
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IPOs
S.Korea's top golf course operator aims for 2022 IPO
South Korea's Golfzon County Co. has begun the process to apply for an initial public offering next year, which analysts said would value the countr...
Oct 06, 2021 (Gmt+09:00)
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Korean chipmakers
S.Korea shows rare unease against US request for Samsung data
The South Korean government has expressed open concern about the recent request by the US Department of Commerce for more information on the global ...
Oct 06, 2021 (Gmt+09:00)