Model 3
Scope
Date
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CES 2021
LG Display unveils brighter next-generation OLED TV panel, to add models
LG Display Co., a major South Korean display panel maker, has unveiled a next-generation OLED TV panel that enables brighter and more vivid picture ...
Jan 11, 2021 (Gmt+09:00)
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Trade insurance
Seoul to offer $3 bn credit insurance on Saudi's megaprojects
Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...
Jan 08, 2021 (Gmt+09:00)
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Korean stock market
Kospi closes above 3,000 points for first time
South Korea’s benchmark stock index closed above the 3,000 mark for the first time on Jan. 7, powered by sectors such as telecoms and financia...
Jan 07, 2021 (Gmt+09:00)
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Overseas orders
Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique
Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...
Dec 24, 2020 (Gmt+09:00)
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Electric vehicles
South Korean police look into fatal crash of Tesla Model X
South Korean police are looking into a fatal crash of a Tesla Inc. electric vehicle after its driver told them it went out of control after sudden a...
Dec 11, 2020 (Gmt+09:00)
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Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
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Earnings
J.P. Morgan lifts 2021 Kospi target to 3,200
Global investment firm J.P. Morgan projects South Korea’s benchmark Kospi will climb to 3,200 next year, up nearly 18% from the current 2,72...
Dec 09, 2020 (Gmt+09:00)
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Korean games
S.Korean games, entertainment eye China return after 3-year ban
South Korea's game and entertainment companies saw their share prices surge on rising expectations of a return to the Chinese market after a Korea...
Dec 04, 2020 (Gmt+09:00)
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IPOs
SK Bioscience begins listing process; enterprise value near $3 bn
South Korea’s SK Bioscience Co., set to enter clinical trials for its COVID-19 vaccine candidates, is expected to list on the Seoul main bours...
Dec 03, 2020 (Gmt+09:00)
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Batteries
SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot
SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...
Nov 25, 2020 (Gmt+09:00)
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Batteries
LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV
South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...
Nov 20, 2020 (Gmt+09:00)
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Markets
Samsung shares hit historic high as foreign investors scoop up net $2.3 bn
Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...
Nov 13, 2020 (Gmt+09:00)
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Markets
Foreign investors shift from growth stocks to net buy $3.5 bn in cyclicals
South Korea's stock market is seeing a shift in buying trends from foreign investors who are increasingly beefing up investments in cyclical stocks wh...
Nov 13, 2020 (Gmt+09:00)
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Construction order
Samsung Engineering wins biggest-ever $3.6 bn deal; shares surge
Samsung Engineering Co., a construction arm of Samsung Group, has clinched a 4.1 trillion won ($3.6 billion) deal to build part of a refinery facility...
Oct 30, 2020 (Gmt+09:00)
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Infrastructure fund
KKR’s $3 bn Asia infra fund to raise $200 mn from Korea
South Korean pension funds and insurance companies will commit $200 million in aggregate to KKR’s first Asia infrastructure fund targeting to ra...
Oct 27, 2020 (Gmt+09:00)
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IPO
BTS' Big Hit focuses on sustainable fandom-based business model
Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...
Sep 22, 2020 (Gmt+09:00)
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Outbound investments
South Korea's real estate FDI climbs 7.3% in Q2
South Korea's outbound direct investment in real estate continued to grow in the second quarter, up 7.3% year on year, despite sharp falls in the...
Sep 18, 2020 (Gmt+09:00)
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Entertainment
Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst
South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...
Sep 16, 2020 (Gmt+09:00)
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Alternative investments
Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US
Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...
Sep 09, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games raises whopping $49.3 bn in subscriptions fueling IPO hype
Kakao Games Corp. has set a fresh record raising over 58.6 trillion won ($49.3 billion) in deposits during its two-day public subscription on Sep...
Sep 02, 2020 (Gmt+09:00)
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Tech
Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake
Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...
Aug 29, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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Markets
South Korea’s inflation rate turns higher for first time in 3 months in July
South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...
Aug 04, 2020 (Gmt+09:00)
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Pension fund
NPS and Allianz to set up $2.3 bn Asian property fund
The National Pension Service (NPS) is to launch a $2.3 billion property fund with Germany’s Allianz SE to invest in core real estate in Asia, wi...
Jun 29, 2020 (Gmt+09:00)
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Oil
NH Investment joins in $10.1 bn Abu Dhabi deal for $1.3 bn stake
NH Investment & Securities Co. Ltd. will invest about 1.6 trillion won ($1.3 billion) in Abu Dhabi National Oil Company’s (ADNOC) gas pipeli...
Jun 24, 2020 (Gmt+09:00)
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Logistics
POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio
The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...
Dec 12, 2019 (Gmt+09:00)
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Asset allocation
KFCC to allocate $6 bn to alternative investment blind funds for next 3 yrs
MG Korean Federation of Community Credit Cooperatives (KFCC) will allocate a total of 7 trillion won ($6 billion) to alternative investment blind-pool...
Dec 04, 2019 (Gmt+09:00)
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[Interview] Korea military fund aims to cash in $700 mn bad assets within 3 yrs
The Military Mutual Aid Association (MMAA) will liquidate half of its 1.6 trillion won ($1.4 billion) worth of non-performing assets by early 2021 and...
Oct 09, 2018 (Gmt+09:00)
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EQT to raise $70 mn from two Korean funds for $2.3 bn credit fund: report
Swedish private equity firm EQT Partners is gathering €60 million ($70 million) from two South Korean retirement funds and seeking to raise an additio...
Aug 02, 2018 (Gmt+09:00)
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Macquarie’s $2.3 bn Europe infra fund raises $405 mn from Korea
Macquarie's new European infrastructure fund, which targets a €2 billion ($2.3 billion) fundraising, has drawn €350 million ($405 million) from South ...
Jun 10, 2018 (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