Mirae Asset Securities global operation
Scope
Date
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Korean Investors
Mirae Asset buys logistics center in India for $17 mn
Mirae Asset Global Managements Co. said on Friday that it has invested 21 billion won ($17 million) in a large logistics center in Mumbai to become ...
Jan 06, 2023 (Gmt+09:00)
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Airlines
Air Busan launches new Busan-Clark flight
Air Busan Co. began operating its first new flight route this year between Busan and Clark, the Philippines, and started a new leap forward in earne...
Jan 06, 2023 (Gmt+09:00)
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Corporate restructuring
Korea’s Daol to sell another unit to secure liquidity
South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...
Jan 06, 2023 (Gmt+09:00)
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Bio & Pharma
Kolon signs MOU with Hanyang Univ. to develop gene therapy treatments
Kolon Industries Inc.'s Future Technology Institute said on Thursday that it had signed a memorandum of understanding with the Hanyang University In...
Jan 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus announces official start of original content production
LG Uplus Corp. announced on Thursday that it would officially kickstart producing original content, following its pilot program about desserts relea...
Jan 05, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Privatization of Korea’s top container line HMM to gain traction
South Korea’s move to privatize container shipping line HMM Co. to recover taxpayer money is gaining traction as government officials start lo...
Jan 05, 2023 (Gmt+09:00)
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Corporate strategy
S.Korea's automotive unit Kolon Mobility Group reborn as separate entity
South Korea's Kolon Mobility Group has been launched with Lee Kyu-ho, the great grandson of the Kolon Group founder Lee Won-man, as co-CEO. Formerly...
Jan 05, 2023 (Gmt+09:00)
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Cryptocurrencies
WeMade signs partnership with Chinese digital asset exchange
WeMade said on Wednesday that it would sign a non-fungible token (NFT) partnership with Zhongchuanyuezhong Cultural Development Co. which operates a...
Jan 05, 2023 (Gmt+09:00)
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Real estate
Hotels in top Seoul tourist area on sale due to rate hikes
South Korea's KB Asset Management Co. is set to sell two three-star hotel buildings in Myeong-dong, one of the most popular spots for foreign touris...
Jan 04, 2023 (Gmt+09:00)
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Tech, Media & Telecom
AhnLab CEO Kang: Betting on next-gen technology from detection to cloud
Kang Suk-Kyoon, CEO of AhnLab, Inc. proposed a strategy to develop next-generation models and technologies, such as solutions to detect and respond ...
Jan 04, 2023 (Gmt+09:00)
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Corporate investment
S.Korea Inc. ramps up cash reserves amid economic woes
South Korean companies are rushing to raise cash from the beginning of the new year amid growing concerns over a global economic downturn and market...
Jan 03, 2023 (Gmt+09:00)
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Electric vehicles
SK Networks completes acquisition of local EV charging platform operator
SK Networks Co., a South Korean general trading firm, said on Jan. 3 it has completed the acquisition of SS Charger Co., a leading electric car char...
Jan 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia aim to outpace industry growth in 2023
The Hyundai Motor Group is aiming to boost sales by 10% this year from 2022, above an estimated single-digit growth in the global automotive market....
Jan 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Sejong kicks off private 5G business for exclusive use for industrial safety
Sejong Telecom, Inc. a mid-sized facilities-based telecommunications business and ICT platform company in South Korea, will launch a private 5G bu...
Jan 03, 2023 (Gmt+09:00)
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Bio & Pharma
HLB confirms ophthalmic disease treatment in phase 3 clinical trials
South Korea’s biomedicine startup HLB Therapeutics Co. said on Monday that its Neurotrophic Keratopathy (NK) treatment RGN-259 proved effectiv...
Jan 03, 2023 (Gmt+09:00)
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Korean startups
S.Korean cloud startups get funding despite recession fears
The contraction of South Korea's investment market has not stopped startups specializing in software as a service (SaaS) to attract funds given that...
Jan 03, 2023 (Gmt+09:00)
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Private equity
Korean banks must increase total shareholder returns: Align Partners
South Korean private equity firm Align Partners Capital Management Inc. is set to lead shareholder activism against the country’s top financia...
Jan 02, 2023 (Gmt+09:00)
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Blockchain
Digital wallet Klip sees its subscriber number surpass 2 million
Ground X, Kakao Corp.'s blockchain technology subsidiary, said on Monday that the number of cumulative subscribers to its digital asset wallet "Klip...
Jan 02, 2023 (Gmt+09:00)
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Energy
S.Korea's top 2 LPG importers E1 and SK Gas cut supply price
South Korea's two major importers of liquefied petroleum gas (LPG), E1 Corp. and SK Gas Corp., have both cut their supply price of LPG in the first ...
Jan 02, 2023 (Gmt+09:00)
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Venture capital
Document tool company Business Canvas secures Series A2 round
Business Canvas, a South Korean SaaS (software as a service) startup that services the global document tool "Typed," announced on Tuesday that it ha...
Jan 02, 2023 (Gmt+09:00)
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Logistics
Korea's Traders Wholesale Club launches paid membership program
S.Korea's big-box store Traders Wholesale Club officially launched its paid membership program called Traders Club on Sunday.The store has secured...
Jan 02, 2023 (Gmt+09:00)
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Pension funds
Korea’s NPS to be in red in 2022 with 5.3% loss in Jan-Oct
South Korea’s National Pension Service (NPS), the world’s third-largest such fund, is poised to report an annual loss in 2022 for the fi...
Jan 01, 2023 (Gmt+09:00)
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Business & Politics
Korea plans to raise tax breaks for chipmakers, key industries
The South Korean government plans to revise a recently passed bill aimed at supporting the country’s semiconductor sector and other key indust...
Dec 30, 2022 (Gmt+09:00)
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ESG
Woori Financial wins MSCI ESG global leader rating for 2nd year
Woori Financial Group said on Thursday it has earned an AA rating for the second consecutive year in the global ESG rating announced by Morgan Stanl...
Dec 30, 2022 (Gmt+09:00)
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Korean startups
Kream poised to become unicorn after closing $157 mn Series C round
Kream, a customer-to-customer (C2C) platform for buying and selling limited-edition sneakers, is slated to close the Series C round with a 200 bil...
Dec 28, 2022 (Gmt+09:00)
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Chemical Industry
Samyang develops polycarbonates made of 90% recycled plastic
Samyang Corp., a food and chemical affiliate of Samyang Group, on Wednesday said it had developed South Korea's first eco-friendly polycarbonates co...
Dec 28, 2022 (Gmt+09:00)
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Economy
Korea Fair Trade Commission opens unit to review global M&As
The Korea Fair Trade Commission (KFTC) on Tuesday said it will open a division specifically for reviewing global M&As given the recent growth of...
Dec 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Hansol Chemical to enter bio industry with BiOCS acquisition
Hansol Chemical Co., a unit of South Korea’s paper-focused conglomerate Hansol Group, is expanding its business scope to biomaterials by acqui...
Dec 27, 2022 (Gmt+09:00)
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ECM/DCM
Net assets of S.Korea's ETF rise to $63.1 billion despite stock woes
Despite South Korea's weak stock market this year, the exchange-traded fund (ETF) sector, which marked its 20th anniversary, maintained a clear grow...
Dec 27, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT builds hyper-connected R&D network KOREN data site
KT Corp. said on Monday that it will start operation on Jan. 5 after completing the construction of KOREN data lake portal site, which provides vari...
Dec 27, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer