Korean ginseng
Scope
Date
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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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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)
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airline industry
Korean airlines zoom in on China routes, target transit passengers
South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...
Sep 07, 2020 (Gmt+09:00)
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Private equity
Carlyle flexes muscles in Korean financial industry as Lee takes helm
The Carlyle Group has been growing its presence in South Korea after sealing a string of investment and business deals with top Korean financial servi...
Sep 07, 2020 (Gmt+09:00)
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fuel-cell electric vehicles
[Upcoming IPO] Korean fuel-cell tank maker Iljin Composites gears up to become industry champion
The production of fuel-cell tanks is in full swing at Iljin Composites' factory, a restricted area tightly guarded with strict identification controls...
Sep 04, 2020 (Gmt+09:00)
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Private equity
Online retailer TMON eyes $337 mn from Korean PEF ahead of 2021 IPO
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, will likely receive 400 billion won ($3...
Sep 02, 2020 (Gmt+09:00)
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Batteries
Korean battery makers take charge in global EV market outperforming rivals
South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...
Sep 01, 2020 (Gmt+09:00)
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South Korea GDP
Korean exports remain sluggish in Q2 as GDP sees worst contraction since 2008
South Korea's real gross domestic product contracted 3.2% quarter on quarter, posting 448.2 trillion won ($378.1 billion) in Q2, according t...
Sep 01, 2020 (Gmt+09:00)
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Banks
Korean banks’ Q2 capital ratio drops for third straight quarter
The average capital adequacy ratio of South Korean banks declined in the April-June period for the third consecutive quarter, weighed by rising corpor...
Aug 31, 2020 (Gmt+09:00)
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Energy storage system
Korean ESS companies ramp up overseas business eyeing 40% revenue hikes
South Korean tech heavyweights Samsung SDI Co. and LG Chem Ltd. are expected to expand their market share as they secure hefty energy storage system (...
Aug 31, 2020 (Gmt+09:00)
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Startups
[Focus] Korean unicorns face reality check from US startups poised for IPOs
With a number of high-profile US startups in line for initial public offerings, investors in South Korean startups may be looking to Wall Street for c...
Aug 31, 2020 (Gmt+09:00)
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Markets
Korean retail investors attracted to US growth stocks, now 10th Tesla owners
South Korean retail investors, who turn their eyes overseas for higher returns, are heavily buying into US growth stocks amid growing fears of tech st...
Aug 31, 2020 (Gmt+09:00)
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Oil
Korean refiners remain gloomy despite pickup in gasoline refining margins
While Asia’s benchmark refining margin has risen to its highest level in five months, South Korea’s major oil refiners are still concerned...
Aug 28, 2020 (Gmt+09:00)
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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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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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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)
Latest News
- 1 Acquisition loan rates dip to pre-pandemic levels in Korea
- 2 Alipay’s rise puts Korea on alert to private data breaches
- 3 GS E&C plans to sell entire stake in GS Elevator to Chinese firm
- 4 Hanwha Aerospace to spin off non-core units for defense sector
- 5 SK Telecom releases Liberation Day remastering video