Paik’s Coffee
Scope
Date
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Korean chipmakers
Legendary chip architect Jim Keller may team up with Samsung Electronics
Samsung Electronics Co. on Thursday hosted its third annual foundry forum, a gathering of its partners around the world, where legendary chip archit...
Nov 18, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood to join GS' acquisition of S&I E&C
South Korea’s construction conglomerate GS Engineering & Construction Co. said on November 17 that it has selected Korean private equity...
Nov 18, 2021 (Gmt+09:00)
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Energy
SK Ecoplant to start offshore wind power business
SK Ecoplant Co., the construction unit of South Korea’s SK Group, is slated to enter the offshore wind power business by acquiring a local win...
Nov 17, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea’s LIG close to record $3.5 bn deal to export missile system to UAE
LIG Nex1 Co., a leading South Korean defense company, is close to a record $3.5 billion deal to export its surface-to-air missile system to the Unit...
Nov 17, 2021 (Gmt+09:00)
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Food & Beverage
Hawaiians, tourists to enjoy BB.Q’s signature K-chicken
BB.Q Chicken has brought its Korean fried chicken to Hawaii, one of the world’s top tropical resort destinations, as it aims to raise its bran...
Nov 17, 2021 (Gmt+09:00)
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Future mobility
Lotte joins Korea’s UAM race as Hyundai closes ranks with others
South Korean conglomerate Lotte said on Tuesday it is joining hands with three other partners to enter the country’s urban air mobility (UAM) ...
Nov 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air gets Vietnam’s regulatory approval for acquisition of Asiana
Korean Air Lines Co. (KAL) said on Tuesday it has obtained regulatory approval from Vietnam for its 1.8 trillion won ($1.6 billion) deal to acquir...
Nov 16, 2021 (Gmt+09:00)
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Business & Politics
Samsung heir Lee on US trip for foundry investment, COVID vaccines
Jay Y. Lee, vice chairman and de facto leader of South Korea’s top conglomerate Samsung, has embarked on a business trip to North America to f...
Nov 14, 2021 (Gmt+09:00)
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Supply chain
Urea crisis lays bare South Korea’s heavy dependence on China
The diesel exhaust fluid crisis hitting South Korea across various industries lays bare the supply chain vulnerability of the country, which has hea...
Nov 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Doosan near completing self-rescue plan with E&C sale
South Korea's Doosan Group is near finalizing a deal to sell Doosan Engineering & Construction Co. (Doosan E&C) to a consortium led by Seoul...
Nov 12, 2021 (Gmt+09:00)
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Retail
SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...
Nov 11, 2021 (Gmt+09:00)
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Electric vehicles
Kia to go EV-only in Europe by 2035, teases EV9 SUV concept
Kia Corp., the automaking unit of South Korea’s Hyundai Motor Group, said on Thursday it will only sell electric and fuel cell vehicles in Eur...
Nov 11, 2021 (Gmt+09:00)
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Carbon neutrality
Korea’s state electric companies to cease coal power generation by 2050
State-run utility Korea Electric Power Corp. (KEPCO) and its six subsidiaries declared an aim to cease coal power generation by 2050 in a bid to pla...
Nov 11, 2021 (Gmt+09:00)
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Entertainment
DearU’s value nears YG Entertainment after strong Kosdaq debut
Shares of DearU Co., a K-pop fandom platform in South Korea, fell on Thursday, the day after a strong Kosdaq debut, which briefly put the company&...
Nov 11, 2021 (Gmt+09:00)
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Energy
SeAH to supply monopiles for Orsted’s UK offshore wind farm project
SeAH Steel Holdings Corp. ’s UK subsidiary is set to supply monopiles, steel tubes that serve as a fixed foundation for offshore wind turbines...
Nov 11, 2021 (Gmt+09:00)
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Earnings
HMM rakes in record quarterly profits on higher freight rates
HMM Co., South Korea’s largest container line, posted fresh record sales and profits in the third quarter, boosted by higher freight rates and...
Nov 11, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea's IP trade balance swings to black in H1 2021
Success of Korean films on OTT platforms South Korea posted a surplus in its intellectual property rights trade balance in the first half of 2021. ...
Nov 10, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Snowflake’s entry into Korea to intensify cloud service competition
Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...
Nov 10, 2021 (Gmt+09:00)
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Korean startups
Home interior app seeks new funding at over $ 1 bn valuation
South Korea's Bucketplace Co., an operator of the country's largest home interior platform, is seeking to raise about 100 billion won ($85 million) ...
Nov 10, 2021 (Gmt+09:00)
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Corporate bonds
Korea’s Hot Chicken Flavor Ramen maker to issue first bond
South Korea’s Samyang Foods Co., the maker of the Hot Chicken Flavor Ramen, plans to issue its first corporate bonds ever as it is expanding b...
Nov 10, 2021 (Gmt+09:00)
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E-commerce
MBK seeks to buy two S.Korean e-commerce platforms
MBK Partners is in talks to buy management rights of two e-commerce platforms listed on South Korea's Kosdaq market in a package deal, according to ...
Nov 09, 2021 (Gmt+09:00)
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Supply chain
Global supply crisis endangers S.Korea’s manufacturers
A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...
Nov 09, 2021 (Gmt+09:00)
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IPOs
Korea’s Netmarble Neo drops listing plan as sentiment sours
South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...
Nov 05, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Google allows alternate in-app payment options in South Korea, though familiar fees remain
SEOUL—Alphabet Inc.’s Google plans to continue charging South Korean app developers a service fee for in-app purchases, even as users fo...
Nov 05, 2021 (Gmt+09:00)
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Supply chain
Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk
The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...
Nov 05, 2021 (Gmt+09:00)
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Private equity
MBK's Lee listed among Forbes' power Asia businesswomen
MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...
Nov 04, 2021 (Gmt+09:00)
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Earnings
Kakao becomes Korea’s top platform firm, besting archrival Naver
Kakao Corp., best known for South Korea’s top mobile messenger app KakaoTalk, has become the country’s top platform company in terms of ...
Nov 04, 2021 (Gmt+09:00)
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Entertainment
HYBE, Korea cryptocurrency exchange operator to co-launch BTS NFTs
HYBE Co., the label behind BTS, is expected to launch non-fungible tokens (NFTs) for assets of the world’s top boy band alongside the operator...
Nov 04, 2021 (Gmt+09:00)
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IPOs
Kakao Pay slips on profit-taking after strong KOSPI debut
Kakao Pay Corp. ’s stock tumbled after a strong debut on the South Korean main stock market as investors booked profits, keeping an eye on if ...
Nov 04, 2021 (Gmt+09:00)
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Supply chain
Diesel exhaust fluid shortage threatens Korea’s supply chain
A diesel exhaust fluid (DEF) shortage in South Korea is feared to disrupt the supply chain in Asia’s fourth-largest economy. The lack of the l...
Nov 03, 2021 (Gmt+09:00)