Korean biotech IPO
Scope
Date
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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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IPOs
Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses
Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...
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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BTS label Big Hit prices IPO at top end of range at $115
Big Hit Entertainment Co. has priced its public share offering at the top end of its proposed range at 135,000 won ($115), with bids outnumbering offe...
Sep 28, 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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IPOs
Korea’s mobile banking app KakaoBank to push for 2021 IPO
KakaoBank Corp., the mobile banking arm of South Korea’s online messaging app operator Kakao Corp., is planning an initial public offering next ...
Sep 23, 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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Investment banking
Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off
Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...
Sep 22, 2020 (Gmt+09:00)
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Pre-IPO
SK Innovation’s battery arm secures $258 mn in pre-IPO placement
SK Innovation Co.’s wholly owned subsidiary SK IE Technology Co. (SK IET) is set to fetch 300 billion won ($257.6 million) in a pre-IPO placemen...
Sep 22, 2020 (Gmt+09:00)
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IPO
BTS label Big Hit’s caginess upsets investors ahead of IPO bookbuilding
Big Hit Entertainment Co., home to the seven-member boy band BTS, is set to hold its first official IPO-related conference for South Korean institutio...
Sep 21, 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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Bio
S. Korea to grow green biotech industry to $10.6 bn by 2030; nurture talent
The South Korean government said on Sept. 21 that it will triple the size of the country’s green biotechnology industry over the next decade and...
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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Batteries
LG Chem says dual listing of battery subsidiary possible, rules out pre-IPO
South Korea’s LG Chem Ltd. may list its soon-to-be-launched battery subsidiary not just on the local bourse but also on overseas exchanges to ra...
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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Batteries
LG Chem to launch battery affiliate Dec. 1; IPO under review
LG Chem Ltd., South Korea’s leading chemicals maker, has endorsed a company plan to spin off its battery business as a standalone entity to stre...
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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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
Korea’s big data companies eye IPOs as investors flush with cash
Tech investors are set to be deluged with initial public offerings as South Korea’s big data companies are pushing to list their shares amid a d...
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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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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Kakao Games
Kakao Games shares hit upper limit for two consecutive days, further fueling IPO hype
Kakao Games Corp. shares reached the daily upper limit for the second consecutive day on Sept. 11, pushing the company to the third place on KOSDAQ wi...
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)
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Airline industry
South Korean airlines convert passenger jets into cargo carriers
South Korea’s flag carrier Korean Air Lines Co. has converted its passenger plane Boeing 777-300ER into a cargo carrier to further boost ca...
Sep 09, 2020 (Gmt+09:00)
Latest News
- 1 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 2 S.Korea to offer incentives to attract foreign scientists
- 3 Vinyl boom shows no sign of abating in South Korea
- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T