New WON Banking
Scope
Date
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Shipping & Shipbuilding
Samsung Heavy sets new global record with $2.5 bn order
South Korea’s Samsung Heavy Industries has landed an order to build 20 very large container ships (VLCS) at 2.8 trillion won ($2.5 billion), t...
Mar 26, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung widens lead over rivals with industry’s first advanced DDR5
Samsung Electronics Co. has extended its lead in memory chips over its rivals by unveiling the industry’s first 512 gigabyte DDR5 module based...
Mar 26, 2021 (Gmt+09:00)
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Consulting boom
Consulting firms enjoy boom as pandemic drives new business strategies
Slightly more than a year since the COVID-19 pandemic upended the business world, the role of management consultants has become important more than ...
Mar 24, 2021 (Gmt+09:00)
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Pension funds
KIC, Korean pension funds in hunt for new C-level execs
South Korea's Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth f...
Mar 17, 2021 (Gmt+09:00)
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Electric vehicles
Kia fully unveils EV6 with new design philosophy
Kia Corp. has now revealed full images of the EV6, its first dedicated electric vehicle (EV), ahead of the car’s world premiere on Mar. 30. Th...
Mar 15, 2021 (Gmt+09:00)
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Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
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Electric vehicles
SK, POSCO agree to develop new lightweight materials for future mobility
South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...
Mar 08, 2021 (Gmt+09:00)
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Pension funds
Korea’s military fund looking for new financial division chief
South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...
Mar 04, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC names new private equity, absolute return heads
The Korea Investment Corporation (KIC) has named new heads of its private equity and absolute return groups this week, following the replacement of ...
Mar 03, 2021 (Gmt+09:00)
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Shareholder value
Young, female, foreign: Hyundai Motor Group’s new BOD
South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...
Feb 21, 2021 (Gmt+09:00)
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Private equity
S.Korean internet-only bank seeks to raise $540 mn; attracts global PE firms
South Korea’s internet-only bank, K bank, is seeking to raise up to 600 billion won ($540 million) through a rights offering, attracting glo...
Feb 19, 2021 (Gmt+09:00)
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Electronics
LG Innotek to up capex on camera modules ahead of new iPhone launch
South Korea’s LG Innotek Co., a major camera module supplier for Apple iPhones, will spend 80% of its 2020 operating profit, or 547.8 billion ...
Feb 19, 2021 (Gmt+09:00)
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Capital raising
Hanwha Solutions to sell $1.3 bn new shares in clean energy push
Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...
Feb 15, 2021 (Gmt+09:00)
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Leadership & Management
LS Group chairman touted as new KITA head
The Korea International Trade Association (KITA) is expected to begin the appointment process for its new chair this week. South Korean conglomerate...
Feb 15, 2021 (Gmt+09:00)
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IPOs
Coupang applies for IPO on New York Stock Exchange
Coupang Corp., 37% owned by SoftBank Group, is set to become the first Korean company to list directly on the New York Stock Exchange, with its valu...
Feb 14, 2021 (Gmt+09:00)
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Leadership & Management
Korea Post names new CIOs of savings, insurance arms
Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...
Feb 09, 2021 (Gmt+09:00)
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Alternative investments
Korean banks fund alternative deals with $540 mn loans via KIC
South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...
Feb 09, 2021 (Gmt+09:00)
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Banking & Finance
Tight margins, regulatory meddling weigh on Korean banks
The five leading banks in South Korea, including Kookmin and Shinhan, logged their first drop in net profit last year in five years, dented by shrin...
Feb 08, 2021 (Gmt+09:00)
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Entertainment
K-pop labels' revenue model shift to usher in new valuations
South Korean entertainment companies are expanding their scope beyond the music scene and shifting to platform services, ushering in new valuations ...
Feb 03, 2021 (Gmt+09:00)
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Pandemic relief funds
Long-term treasury yields surge on talk of new relief fund
The ruling Democratic Party’s push to hand out "a substantial amount" of new relief money has rattled the South Korean debt market, sending lo...
Feb 03, 2021 (Gmt+09:00)
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Real estate
Seoul office building transactions at record high in 2020
Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...
Jan 26, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung remains tight-lipped on new US chip plant reports
Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top mem...
Jan 24, 2021 (Gmt+09:00)
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ESG bonds
Hana Bank issues $600 mn euro-currency bonds with negative yield
Hana Bank has become South Korea’s first commercial bank to issue foreign currency bonds at a negative yield, raising 500 million euros ($606 ...
Jan 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Internet portal Naver in negotiations to buy Korea’s Jeju Bank
Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secur...
Jan 19, 2021 (Gmt+09:00)
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Corporate rebrand
Kia drops Motors from name, unveils roadmap for new EV models
Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-dri...
Jan 15, 2021 (Gmt+09:00)
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Economy
S.Korean banks' household, company loans near $1.8 trn
South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding...
Jan 15, 2021 (Gmt+09:00)
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Automobiles
SUVs drive up Hyundai, Kia in US market; G80 named safest car of year
A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...
Dec 31, 2020 (Gmt+09:00)
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Rights offerings
Kakao Bank wraps up $921 mn rights offering
South Korea's mobile-only bank has wrapped up its $920.5 million rights offering, placing the enterprise value at around 9.3 trillion won ($8.6 ...
Dec 30, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero welcomes Baemin, seeks new home for Yogiyo
Germany-based online food delivery service Delivery Hero SE will sell off its prized South Korean business, Yogiyo, the country's second-largest...
Dec 28, 2020 (Gmt+09:00)
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IPOs
Korea’s liquidity-driven IPO market sets slew of fresh records in 2020
As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publ...
Dec 28, 2020 (Gmt+09:00)
Latest News
- 1 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 2 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 3 AI startup MarqVision raises $16.5 mn to close Series A
- 4 Taihan Cable wins $630 mn power grid project in Singapore
- 5 Korean startup scene is gloomy, say 2 out of 5 startup CEOs