Korean stake foreign investors
Scope
Date
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Digital assets
Presidential candidates vow to legislate digital assets
Ahead of the 20th presidential election slated for March 9, candidates from both parties have vowed to legislate and systemize digital assets if ele...
Jan 20, 2022 (Gmt+09:00)
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Korean food
Vegan foodmaker Organica attracts funding from China's CITIC
Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...
Jan 20, 2022 (Gmt+09:00)
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Entertainment
Squid Game’s mega-hit spurs Netflix to release record K-content
Netflix Inc. plans to release 10 additional Korean-language originals this year as the smash success of Squid Game has impelled the world’s to...
Jan 19, 2022 (Gmt+09:00)
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IPOs
One in 10 Koreans rushes for LG Energy shares ahead of $8.6 billion IPO
The world’s second-largest electric vehicle battery maker LG Energy Solution Ltd. has set a new record for initial public offering demand, wit...
Jan 19, 2022 (Gmt+09:00)
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Banking & Finance
Vietnam gives traction to Korean banks' global push
South Korea's leading banks began to reap the rewards of their efforts to become regional players in Asia, with their aggressive investments in Viet...
Jan 19, 2022 (Gmt+09:00)
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Automobiles
Korean tire makers to raise prices on higher costs
South Korea’s three leading tire makers joined the global industry’s plans to raise product prices to maintain profitability amid higher...
Jan 18, 2022 (Gmt+09:00)
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Korean Startups
STIC injects $168 mn in pre-unicorn Musicow
Music copyright trading platform Musicow Inc. has attracted a 200 billion won ($167.9 million) investment from Korea’s private equity firm STI...
Jan 18, 2022 (Gmt+09:00)
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Artificial intelligence
AI humans take quantum leap in Korean entertainment and media
At first glance, ETERN!TY is similar to other K-pop bands – dancing to upbeat music and the female members donning pink tennis outfits. W...
Jan 18, 2022 (Gmt+09:00)
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Pension funds
KTCU names financial investment head as new CIO
Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...
Jan 18, 2022 (Gmt+09:00)
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Korean stock market
Kospi in lethargic trade ahead of LG Energy debut
South Korea's benchmark stock index Kospi declined to its lowest closing level in one and a half months on Monday, moving in the opposite direction ...
Jan 18, 2022 (Gmt+09:00)
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Alternative investments
Lotte acquires Chicago-based hotel for $36 mn K-style rebrand
Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...
Jan 17, 2022 (Gmt+09:00)
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Private equity
KTB PE earns 100% return from US brand sold to P&G
South Korea-based KTB Private Equity has earned a 100% return from Farmacy Beauty, just a year after its investment, following Procter & Gamble'...
Jan 17, 2022 (Gmt+09:00)
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Energy
ESG fever puts Korean oil refiners in quandary over facility upgrades
South Korea’s four major oil refiners have for decades been at the forefront of the industry push to upgrade facilities, a combined multi-bill...
Jan 16, 2022 (Gmt+09:00)
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ETFs
Mirae Asset’s global ETFs top 100 trillion won mark
Mirae Asset Global Investments Co.’s global equity-traded funds (ETFs) topped the 100 trillion won mark, for the first time in the South Korea...
Jan 14, 2022 (Gmt+09:00)
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Korean startups
SK Networks invests $20 mn in vegan leather producer
SK Networks Co. announced Friday it has invested $20 million in California-based biotech startup MycoWorks. The general trading arm of South ...
Jan 14, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air wary of Asiana deal after EU blocks HHI-DSME merger
Korean Air Lines Co. and Asiana Airlines Inc. are wary of the fate of their proposed merger after the European Union blocked the combination of Sout...
Jan 14, 2022 (Gmt+09:00)
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Artificial intelligence
Korean AI startups blaze trails in overseas markets
Artificial intelligence-powered image analysis company Alchera Inc. is working with PG&E (The Pacific Gas and Electric Company (PG&E) in t...
Jan 13, 2022 (Gmt+09:00)
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Banking & Finance
Bank of Korea may hike rates this week to curb inflation, household debt
South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...
Jan 13, 2022 (Gmt+09:00)
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Private equity
MBK sells 10% stake to Dyal Capital for around $1 bn
North Asia-focused MBK Partners has agreed to sell a roughly 13% stake to Dyal Capital Partners for about $1 billion, according to a Bloomberg repor...
Jan 13, 2022 (Gmt+09:00)
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Batteries
LG Energy IPO fever lifts Korea’s battery stocks
LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...
Jan 13, 2022 (Gmt+09:00)
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Private equity
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
Jan 13, 2022 (Gmt+09:00)
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IPOs
LG Energy sets new IPO record with $9.65 trillion investor demand
LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...
Jan 12, 2022 (Gmt+09:00)
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Alternative investments
Korean investors inject $1.2 bn in Australian PPP
Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...
Jan 12, 2022 (Gmt+09:00)
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Venture capital
AmazeVR receives $15 mn from Korean VCs
AmazeVR Inc. received a total of $15 million from leading South Korean venture capital firms. The virtual reality platform allows users to experie...
Jan 12, 2022 (Gmt+09:00)
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M&As
The Princeton Review up for sale by Korean edutech firm
South Korea's leading edutech service firm has put The Princeton Review up for sale, five years after it acquired the US college test preparation se...
Jan 11, 2022 (Gmt+09:00)
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REITs
Korean REITs total assets surpass $58 bn in 2021
The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...
Jan 10, 2022 (Gmt+09:00)
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Private equity
CICC to form up to $3.3 bn funds for bio, chips in Korea and others
CICC Capital, a private equity firm of China's largest investment bank China International Capital Corporation (CICC), will create funds with a comb...
Jan 10, 2022 (Gmt+09:00)
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Fraud scandals
Investors prepare loss claim for Osstem's fraud case
Minority investors are preparing to file a class-action lawsuit against Osstem Implant Co., which on Monday revealed itself the victim of the larges...
Jan 06, 2022 (Gmt+09:00)
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Foreign exchange
Korean won touches 18-month low as Fed may raise rates sooner
South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...
Jan 06, 2022 (Gmt+09:00)
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Korean games
Nexon invests $400 mn in Avengers directors' film company
Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...
Jan 06, 2022 (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