Paik’s Coffee
Scope
Date
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Corporate restructuring
Telecom giant KT considers turning into holding company structure
KT Corp., a major South Korean telecommunications company, is considering changing into a holding company structure in an effort to boost the compan...
Apr 01, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK seeks to exit Korea’s Lotte Card for over $2.5 bn
MBK Partners is in the early stages of talks with telecom operator KT Corp. and other potential bidders to sell its majority stake in South Korea's ...
Mar 31, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy
Samsung Group’s 150 billion won ($124 million) Life Science Fund launched last year has chosen a leading US gene therapy development company a...
Mar 30, 2022 (Gmt+09:00)
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Korean games
Nexon incorporates own payment system for Dungeon & Fire release
South Korea’s online game developers are intensifying their efforts to build and incorporate their own payment systems to wipe out hefty commi...
Mar 30, 2022 (Gmt+09:00)
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Korean startups
One in five S.Koreans use AI-powered tax filing platform 3.3
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...
Mar 29, 2022 (Gmt+09:00)
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Banking & Finance
S.Koreans boost Japanese yen savings to record high
The sliding yen has prompted South Korean importers and households to go bargain-hunting for the Japanese currency, which they believe is near its t...
Mar 29, 2022 (Gmt+09:00)
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Food & Beverage
Daesang’s first Korean kimchi plant in US up and running
South Korean food maker Daesang Corp. has completed the construction of a kimchi plant in the US, its first factory outside Asia, which the company ...
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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Business & Politics
Blue house brawl: South Korea spars over where next president will live
SEOUL—South Korea’s political division runs so deep now that the country can’t agree where the next president should liv...
Mar 29, 2022 (Gmt+09:00)
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Corporate strategy
SK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors
South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmaceutical businesses.T...
Mar 28, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai files complaint against EU's veto of DSME merger
HD Hyundai, formerly known as Hyundai Heavy Industries Holdings Co., has filed a complaint against the European Commission, the executive body of th...
Mar 28, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korea shipbuilders aim for strong demand on tougher rules
South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...
Mar 25, 2022 (Gmt+09:00)
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Electronics
Samsung launches LTE-only Galaxy A23 to target low-end market
Samsung Electronics Co. on Friday launched the 4G LTE Galaxy A23 smartphone, a cheaper version of its flagship Galaxy A series models, targeting the...
Mar 25, 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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Markets
HMM shares weighed by overhang concerns despite soaring profit
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range over the past few months despite its spectacular ear...
Mar 24, 2022 (Gmt+09:00)
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Batteries
LG Energy, Stellantis to build $4.1 billion battery plant in Canada
The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...
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)
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Corporate restructuring
Lotte Confectionery to merge with Lotte Food
Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...
Mar 24, 2022 (Gmt+09:00)
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Capital raising
Samsung, Hyundai amass record-high levels of cash
Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...
Mar 24, 2022 (Gmt+09:00)
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Central bank
Korea names IMF official as new central bank head
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...
Mar 23, 2022 (Gmt+09:00)
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Blockchain
Krafton signs MOU with Solana for blockchain-based games and services
South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...
Mar 23, 2022 (Gmt+09:00)
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Batteries
LG Energy considers billion-dollar battery plant in Arizona
South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...
Mar 22, 2022 (Gmt+09:00)
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Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...
Mar 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
CJ ENM to invest $82 million in KT to strengthen OTT partnership
South Korean entertainment powerhouse CJ ENM Co. said on Monday it will invest 100 billion won ($82.3 million) in KT Studio Genie, a content produ...
Mar 21, 2022 (Gmt+09:00)
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Korean startups
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
Mar 21, 2022 (Gmt+09:00)
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Electronics
Samsung Galaxy A series: Budget smartphone with advanced features
Samsung Electronics Co. has unveiled two new Galaxy A series models, targeting price-conscious customers looking for affordable smartphones packed w...
Mar 18, 2022 (Gmt+09:00)
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The KED View
Springtime hopeful for K-Culture’s continued Belle Époque
In the spring of 2020, the South Korean stock market was still not over the COVID-19 scare. While going through the indices, I came across the ...
Mar 17, 2022 (Gmt+09:00)
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Food & Beverage
Gucci to open world’s fourth Osteria restaurant in Seoul
Seoulites are set to enjoy Gucci’s fine-dining experience from later this month.The Italian luxury fashion house said on Wednesday it will ope...
Mar 17, 2022 (Gmt+09:00)
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Korean startups
Service robot maker Bear Robotics raises $81 mn in Series B
South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...
Mar 16, 2022 (Gmt+09:00)