Korean bank bond sale
Scope
Date
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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)
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electric vehicle battery
Korean manufacturers tangled in EV battery feud; Korean court rules in favor of LG Chem
The Seoul Central District Court has upheld the validity of LG Chem Ltd.'s patent infringement case in the US against SK Innovation Co. in its fi...
Aug 28, 2020 (Gmt+09:00)
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Private equity
PEFs zoom in on Korean drama producer as strategic buyers pull back
A pre-IPO share sale by South Korean TV drama producer JTBC Studios Co. Ltd. has attracted Bain Capital Credit, TPG Capital and a few Korean private e...
Aug 27, 2020 (Gmt+09:00)
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Short selling ban
Korean govt extends ban on short selling to appease retail investors
The South Korean government has decided to extend the ban on short selling for another six months -- from September 16 to March 15, 2021 -- promp...
Aug 27, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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Debt
Lotte Corp's corporate bond issue raises staggering $665 mn in demand
South Korean conglomerate Lotte Corporation saw overwhelming demand of 790 billion won ($665 million) from institutional investors on the issuing of c...
Aug 26, 2020 (Gmt+09:00)
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Banks
Kookmin gains foothold in Indonesia after bumping up stake in local bank
Kookmin Bank has increased its stake in Bank Bukopin to become the largest shareholder in the medium-sized Indonesian lender, as it works to boost its...
Aug 26, 2020 (Gmt+09:00)
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Korean Air
Korean Air seals $835 mn in-flight business sale to private equity firm
Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...
Aug 25, 2020 (Gmt+09:00)
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Central bank
Bank of Korea to sharply lower 2020 GDP forecast: governor
The South Korean economy is expected to shrink at a steeper rate than the expected 0.2% this year, and the Bank of Korea (BOK) will sharply revise dow...
Aug 25, 2020 (Gmt+09:00)
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dollar bond
KT issues $400 mn dollar-denominated bond with record-low 1% interest rate
South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...
Aug 25, 2020 (Gmt+09:00)
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Private equity
Carlyle Group to exit from Korean OEM apparel exporter in seven years
The Carlyle Group has sold off its stake in South Korea's Yakjin Trading Corp., an original equipment manufacturer (OEM) for global brands such a...
Aug 21, 2020 (Gmt+09:00)
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Short selling
South Korean govt likely to extend short-selling ban on resurging coronavirus concerns
The South Korean government is leaning toward extending the six-month ban on short selling amid a climate of economic uncertainty, said Finance Minist...
Aug 21, 2020 (Gmt+09:00)
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Waste management
KKR wraps up $739 mn purchase of Korean waste management firms
KKR & Co. of the US has finalized the 875 billion won ($739 million) purchase of two South Korean waste treatment companies after completing its f...
Aug 21, 2020 (Gmt+09:00)
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Central bank
Record-high Q2 Korean household debt heats up property, stock markets
South Korea’s household debt surged to the highest level in its history in the second quarter of the year, led by soaring mortgage loans and sec...
Aug 21, 2020 (Gmt+09:00)
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Markets
Korean retail investors' offshore stock purchases hit record high in July
South Korean individuals purchased a record amount of shares in overseas markets last month as they looked beyond the local bourse for bigger returns....
Aug 20, 2020 (Gmt+09:00)
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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)
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Waste management
SK Eng beats Goldman, Keppel in $846 mn bid for Korean waste treatment firm
SK Engineering & Construction Co. Ltd. has beat Goldman Sachs Merchant Banking Division, Singapore’s Keppel Infrastructure Holdings and two ...
Aug 19, 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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Airlines
Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal
Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...
Aug 19, 2020 (Gmt+09:00)
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Electric vehicle battery
Korean EV battery makers' shares tumble on Morgan Stanley downgrade
Shares of South Korea’s three leading electric-vehicle (EV) battery makers LG Chem Ltd, SK Innovation Co. and Samsung SDI Co. fell 5% on August ...
Aug 14, 2020 (Gmt+09:00)
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Battery
SK Lubricants up for sale as parent firm bulks up EV battery business
SK Innovation Co. Ltd., the single shareholder of SK Lubricants Co. Ltd., has put the lube base oil supplier up for sale as the parent company seeks n...
Aug 13, 2020 (Gmt+09:00)
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Debt
Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September
Lotte Corporation is set to become the first South Korean holding company to issue environmental, social, and governance (ESG) bonds, according to inv...
Aug 12, 2020 (Gmt+09:00)
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Machinery
Korean shipyards retake global top spot in July with pricey LNG vessels
South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...
Aug 11, 2020 (Gmt+09:00)
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Debt
Korean telecom giant KT to issue $400 mn dollar bond in August
South Korea’s telecom giant KT Corp. plans to raise $400 million by issuing a dollar-denominated bond around the end of August, according to inv...
Aug 11, 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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Waste management
Goldman, Keppel Infrastructure, SK Eng vying for top Korean waste disposal firm
South Korea’s largest waste treatment company EMC Holdings Co. Ltd. has drawn binding bids from Goldman Sachs Principal Investment Area (PIA) Gr...
Aug 10, 2020 (Gmt+09:00)
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Korean dramas push cultural content exports beyond $10 billion
Korean dramas are becoming a worldwide phenomenon as they rise steadily to become one of Korea's major exports - even in countries that harb...
Aug 10, 2020 (Gmt+09:00)
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IPO
SK to invest $300 million in ChinData Group by joining in pre-IPO share sale
SK Corp. is investing $300 million (360 billion won) in Chinese data center operator ChinData Group as the South Korean company seeks to benefit from ...
Aug 10, 2020 (Gmt+09:00)
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TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale
The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...
Aug 07, 2020 (Gmt+09:00)
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Airlines
Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses
Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...
Aug 07, 2020 (Gmt+09:00)
Latest News
- 1 Net zero, digitalization to boost private infrastructure investment
- 2 MG Non-Life Insurance deal falls through with no bidders
- 3 Brokerage Hanyang Securities' 11.3% stake up for sale
- 4 Lotte's Shin Dong-bin stresses pivot to AI-led innovation
- 5 Korea's foreign currency savings snap 5-mth losing streak