PlayStation (PS) 4/5
Scope
Date
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Economy
S.Korea’s factory output dips in January; Retail sales, investment slow
South Korea’s factory production decreased in the first month of this year due to a manufacturing slowdown, while private consumption and busi...
Mar 04, 2025 (Gmt+09:00)
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Economy
Korea’s weak exports add to Trump tariff risk woes
South Korea’s exports in the first two months skidded as sales to the world’s two largest economies China and the US fell, adding to con...
Mar 02, 2025 (Gmt+09:00)
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Sovereign wealth funds
S.Korea’s sovereign fund KIC logs 8.5% return in 2024
The Korea Investment Corporation (KIC) reported an annual return of 8.49% last year thanks to steady gains from equity investments led by the AI tec...
Feb 28, 2025 (Gmt+09:00)
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Machinery
Hyundai Rotem inks $1.5 bn Morocco train supply deal
South Korea’s Hyundai Rotem Co. said on Wednesday it has won a 2.2 trillion won ($1.5 billion) train order from Morocco, the biggest single de...
Feb 26, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HMM seeks to acquire parts of SK Shipping for $1.4 bn from Hahn & Co.
HMM Co., South Korea’s largest ocean carrier, is seeking to buy SK Shipping Co., excluding its liquefied natural gas (LNG) transportation busi...
Feb 20, 2025 (Gmt+09:00)
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Real estate
PAG raises $4 bn for opportunistic Asia real estate fund
PAG, an Asia Pacific-focused alternative investment firm, on Friday announced the final close of its 10th opportunistic real estate fund at $4 billi...
Feb 14, 2025 (Gmt+09:00)
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Korean games
Nexon becomes 1st Korean game publisher with over 4 trillion won in sales
Nexon Co., the parent of Nexon Games Co., became the first Korean game developer to achieve the 4 trillion won ($2.8 billion) sales milestone in 202...
Feb 13, 2025 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business
North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...
Feb 13, 2025 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant seeks to sell waste treatment business for $1.4 billion
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...
Feb 12, 2025 (Gmt+09:00)
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Banking & Finance
KB Financial to buy back $359 bn in shares after record net profit in 2024
KB Financial Group Inc., South Korea’s largest financial holding group, will spend nearly 1.8 trillion won ($1.2 billion) to boost shareholder...
Feb 06, 2025 (Gmt+09:00)
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Korean stock market
Alternative stock exchange Nextrade to launch on March 4
Nextrade, South Korea’s first alternative stock exchange, enabling trading of stocks listed on the Kospi and the Kosdaq for 12 hours a day is ...
Feb 06, 2025 (Gmt+09:00)
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Automobiles
Hyundai, Kia enjoy record January US sales on eco-friendly cars
South Korea’s top automaker Hyundai Motor Co. and its affiliate Kia Corp. saw their US sales in January rise to record highs thanks to the gro...
Feb 03, 2025 (Gmt+09:00)
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Korean chipmakers
Magnachip, up for sale again, contacts Samsung, LG, LX
South Korean chipmaker Magnachip Semiconductor Corp. is on the market again four years after the US blocked a takeover by a Chinese private equity f...
Feb 02, 2025 (Gmt+09:00)
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Economy
Korean exports snap 15 months of gains in Jan despite higher chip sales
South Korea’s exports dropped in January on-year for the first time in 16 months due to more holiday days in the month, although overseas sale...
Feb 02, 2025 (Gmt+09:00)
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IPOs
Korean B2B fintech firm Dozn plans Kosdaq IPO for $202.5 mn market cap
South Korea’s business-to-business fintech service provider Dozn is planning an initial public offering on the Kosdaq in February for an estim...
Jan 31, 2025 (Gmt+09:00)
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Upcoming IPOs
Seoul Guarantee Insurance sharply cuts IPO valuation
Seoul Guarantee Insurance Co. (SGI) has slashed its target valuation by about 40% in a renewed attempt to go public on the South Korean stock exchan...
Jan 26, 2025 (Gmt+09:00)
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Mergers & Acquisitions
DIG Airgas, Air Products Korea: Two Korean megadeals in the offing
South Korea’s mergers and acquisitions market is gearing up for two megadeals involving specialty gas makers, worth 5 trillion won ($3.4 billi...
Jan 17, 2025 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics signs $1.4 bn CMO deal with European pharma
South Korea's Samsung Biologics Co., the world’s largest contract drugmaker, said on Tuesday it signed a $1.4 billion contract manufacturing o...
Jan 14, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie kicks off sale of DIG Airgas estimated at over $3.4 billion
Macquarie Asset Management has embarked on a process to sell off its 100% stake in South Korea’s third-largest industrial gas producer DIG Air...
Jan 13, 2025 (Gmt+09:00)
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Economy
Political crisis ups downside risk to S.Korea’s economy: S&P, Moody’s
Global credit rating agencies are warning of looming downward pressure on South Korea’s sovereign credit rating about a month after Asia&rsquo...
Jan 10, 2025 (Gmt+09:00)
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Earnings
LG Energy logs 1st quarterly loss in over 3 years, outlook remains gloomy
LG Energy Solution Ltd. reported its first quarterly loss in more than three years on Thursday, adding to concerns that the world’s third-larg...
Jan 09, 2025 (Gmt+09:00)
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Earnings
Samsung’s Q4 profit misses expectations; Stock rises
Samsung Electronics Co. flagged weaker-than-expected earnings for the last quarter of last year due to a fall in memory chip prices and soft demand ...
Jan 08, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha to more than double staff at US Philly Shipyard in 10 years
South Korea’s Hanwha Group is set to more than double its employees at Hanwha Philly Shipyard in the US over the next 10 years as the chemic...
Jan 07, 2025 (Gmt+09:00)
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Foreign exchange
South Korea’s forex reserves drop to 5-year low in 2024
South Korea’s foreign exchange reserves shrank to a five-year low at the end of last year after the country’s foreign exchange authoriti...
Jan 07, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc, MBK-Young Poong alliance to fight over cumulative voting
The battle over Korea Zinc Inc.'s management control between Korea Zinc Chairman Choi Yun-birm and the Young Poong Corp.-MBK Partners alliance has n...
Jan 06, 2025 (Gmt+09:00)
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Real estate
Seoul office sales rebound for first time in 4 years in 2024
The Seoul office market bounced back for the first time in four years in 2024, with transaction volume soaring 78.7% to 13.4 trillion won ($9.1 bill...
Jan 03, 2025 (Gmt+09:00)
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Bio & Pharma
Korean drugmakers control more than half of European biosimilar market
South Korea’s two leading drugmakers, Celltrion Inc. and Samsung Bioepis Co., have achieved a significant milestone in the European biosimilar...
Jan 02, 2025 (Gmt+09:00)
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Business & Politics
US finalizes $4.7 bn chip subsidy for Samsung before Trump takes office
WASHINGTON – The US finalized a $4.7 billion government subsidy for Samsung Electronics Co.'s planned microchip facilities in Texas about a mo...
Dec 22, 2024 (Gmt+09:00)
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Pension funds
NPS to invest record $1.4 billion in Korean property market in 2025
South Korea’s National Pension Service (NPS) plans to invest 2 trillion won ($1.4 billion) in the domestic real estate market next year to gai...
Dec 18, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion BioSolutions launched to venture into CDMO
Celltrion Inc. on Tuesday launched its contract development and manufacturing organization unit Celltrion BioSolutions Co. in its foray into the CDM...
Dec 17, 2024 (Gmt+09:00)
Latest News
- 1 BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
- 2 Korea’s top cinema chains seek merger to counter box office slump
- 3 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 4 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 5 LG Electronics breaks ground on $600 million home appliance plant in India