Meritz Financial Group
Scope
Date
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Electric vehicles
LS Group revs up to enter EV charging business
South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...
Apr 29, 2022 (Gmt+09:00)
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Business & Politics
SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate
SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...
Apr 28, 2022 (Gmt+09:00)
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Corporate investment
LX International’s value soars on cryptocurrency, GAM mine in Indonesia
LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three month...
Apr 27, 2022 (Gmt+09:00)
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Korean startups
Yoon admin to launch special startup-support track
The incoming Yoon Suk-yeol administration will lend extra support to the startup ecosystem – biotech and artificial intelligence firms in part...
Apr 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s LX Group seeks to acquire Magnachip Semiconductor
South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...
Apr 26, 2022 (Gmt+09:00)
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Corporate governance
Carlyle visits Hyundai Glovis seeking measures to boost value
The Carlyle Group, a US private equity giant, visited South Korea’s Hyundai Glovis Co. last week to discuss steps to boost the value of the Hy...
Apr 25, 2022 (Gmt+09:00)
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Private equity
Affinity Equity to refinance Serveone to recoup investment
Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...
Apr 22, 2022 (Gmt+09:00)
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Korean games
Kakao Games invests $15 mn in Playable Worlds for global expansion
Kakao Games Corp., a game publishing unit of Korea’s web service giant Kakao Corp., has invested $15 million in US game studio Playable Worlds...
Apr 22, 2022 (Gmt+09:00)
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Artificial intelligence
CJ integrates AI infrastructure and data to launch CJ AI center
CJ Corp. launched an artificial intelligence center Wednesday, which it hopes will lead the conglomerate's digital innovation. The new CJ AI Cente...
Apr 21, 2022 (Gmt+09:00)
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Korean startups
Fractional copyright ownerships are securities: Seoul
Musicow Inc., South Korea's first music copyright trading platform, will come under regulatory scrutiny, after the country's top financial regulator...
Apr 20, 2022 (Gmt+09:00)
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Corporate strategy
Samsung Elec's ex-M&A head to extend clout in Samsung Group
Ahn Joonghyun, who led Samsung Electronics Co.'s high-profile M&A deals for nearly nine years, was promoted to a president-level position to hea...
Apr 19, 2022 (Gmt+09:00)
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Upcoming IPOs
One Store refiles IPO application, changing peer group list
One Store Co., investment firm SK Square Co.'s homegrown app store, is gearing up for an initial public offering to be held in May. The local app st...
Apr 18, 2022 (Gmt+09:00)
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Batteries
LG Energy-led group to set up $9 bn Indonesia battery value chain
A consortium led by LG Energy Solution Ltd., the global No. 2 electric vehicle battery maker, will invest $9 billion in a battery value chain in Ind...
Apr 18, 2022 (Gmt+09:00)
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Venture capital
US and German startups funded by Mirae Asset join ranks of unicorns
Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...
Apr 15, 2022 (Gmt+09:00)
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Real estate
Warehouses pile financial burden on investment firms
South Korea’s logistics centers are ramping up the financial pressure on real estate investment firms. Previously a favored property type, i...
Apr 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LS Group may raise stake in LS-Nikko Copper to 90%
South Korea's LS Group is considering buying an additional stake in LS-Nikko Copper Inc. to boost its stake in the world’s second-largest elec...
Apr 14, 2022 (Gmt+09:00)
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Samsung Group
Samsung Group hires governance expert for unprecedented reorganization
Samsung Electronics Co. has hired a 20-year governance veteran for its much-awaited corporate governance restructuring, according to those familia...
Apr 11, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong Motor sale likely a duel between KG Group, Ssangbangwool
The sale of troubled sport utility vehicle maker Ssangyong Motor Co. is likely to be a duel between chemicals conglomerate KG Group and SBW Group, a...
Apr 11, 2022 (Gmt+09:00)
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Corporate restructuring
Dongwon Industries becomes new holding firm of seafood conglomerate
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...
Apr 08, 2022 (Gmt+09:00)
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Mergers & Acquisitions
KG Group, Cactus PE to join race for Ssangyong Motor
South Korea’s KG Group, a chemicals conglomerate, and Cactus Private Equity, are joining the race for Ssangyong Motor Co., up for sale again n...
Apr 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Philippines LCS Group buys Korea’s special purpose vessel maker
The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...
Apr 05, 2022 (Gmt+09:00)
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IPOs
Two SK Group arms unveil lower-than-expected IPO guidance
SK Shieldus Co. and One Store Co., two units of South Korea's SK Square Co., submitted their initial public offering applications on Thursday to rai...
Apr 01, 2022 (Gmt+09:00)
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Corporate strategy
SK Lubricants invests $25 mn in US liquid immersion cooling firm
SK Lubricants Co., the world’s largest lube base oil supplier, invested $25 million in a US liquid immersion cooling solutions provider for da...
Mar 30, 2022 (Gmt+09:00)
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Corporate bonds
NongHyup Life to issue $493 mn in subordinated bonds
NongHyup Life Insurance Co. of South Korea is slated to issue 10-year-maturity subordinated bonds worth 600 billion won ($492.6 million) on March 31...
Mar 29, 2022 (Gmt+09:00)
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Corporate restructuring
Hanwha Solutions to raise $491 mn with materials unit split-off
South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...
Mar 29, 2022 (Gmt+09:00)
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Banking & Finance
KTB rebrands with name change as Daol Financial Group
Daol Financial Group of South Korea, formerly known as KTB Financial Group, announced on March 25 the change in the company's name. Daol, a Korean w...
Mar 27, 2022 (Gmt+09:00)
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Corporate restructuring
Lotte Group’s confectionery and food shares jump 5% on merger news
Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...
Mar 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S buys EverCharge to enter US EV charging market
South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...
Mar 25, 2022 (Gmt+09:00)
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Future mobility
Kia plans new Korea plant first time in 25 years for purpose-built vehicles
Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...
Mar 24, 2022 (Gmt+09:00)
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Corporate investment
South Korea's 2021 outbound FDI at record-high $76 bn
South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...
Mar 24, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore