Prompter Day Seoul 2023
Scope
Date
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Batteries
POSCO to build S.Korea’s first lithium plant by 2023
South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...
Apr 15, 2021 (Gmt+09:00)
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Entertainment
KT to bolster content creation with $350 mn investment by 2023
South Korea’s telecom giant KT Corp. plans to expand its content business with an investment of 400 billion won ($353 million) by 2023. The co...
Mar 24, 2021 (Gmt+09:00)
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Energy
Hyosung TNC’s Love Seoul made of recycled PET bottles
Hyosung TNC Corp., a South Korean textile and yarn maker, has unveiled garments made of eco-friendly polyester yarn extracted from recycled PET bott...
Mar 10, 2021 (Gmt+09:00)
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PEFs
Blackstone to open Seoul office for improved communication
The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...
Feb 26, 2021 (Gmt+09:00)
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Shareholder value
Samsung to pay record dividends, more through 2023; Q4 profit jumps
Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...
Jan 28, 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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Mergers & Acquisitions
Seoul to lower bar for M&As; easing rules over PEF deals
South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...
Jan 24, 2021 (Gmt+09:00)
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Alternative investments
Keppel looking to exit two Seoul office towers for over $200 mn
Singapore-based Keppel Investment Management is preparing to sell two office buildings in Seoul, less than two years after it acquired them for arou...
Jan 15, 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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IPOs
Seoul stock markets brimming with startup IPOs in Jan
Singapore-based biosimilar maker Prestige BioPharma and nine startups are set to make initial public offerings in Seoul to raise at least 640 billio...
Dec 23, 2020 (Gmt+09:00)
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Future mobility
Autonomous driving startup 42dot plans Level 4 self-driving in Seoul
42dot, a South Korea-based autonomous driving startup, plans to launch a Level 4 self-driving service in some areas of Seoul next year.The company s...
Dec 21, 2020 (Gmt+09:00)
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Lotte World Tower
Sunset paints crimson sky over Seoul
Bravehearted visitors enjoy a scenic sunset view from Lotte World Tower's Sky Bridge, an 11-meter bridge connecting the two steel peaks of t...
Dec 18, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor JV to launch robotaxi services in US by 2023
Hyundai Motor Group's autonomous driving joint venture Motional and US-based ride-hailing company Lyft have joined forces to offer robotaxi servic...
Dec 17, 2020 (Gmt+09:00)
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Markets
Seoul shares tipped to benefit from global indices' China exclusions
Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...
Dec 13, 2020 (Gmt+09:00)
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Airlines
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...
Dec 01, 2020 (Gmt+09:00)
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Energy
Saudi crown prince to be top shareholder of Seoul-listed gaming firm
The Crown Prince of Saudi Arabia Mohammed bin Salman has agreed to buy 240 billion won ($217 million) worth of shares in the South Korea-listed game...
Nov 27, 2020 (Gmt+09:00)
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Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
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COVID-19
Celltrion says COVID-19 antibody kills virus within 5 days; shares surge
South Korea’s biopharmaceutical firm Celltrion Inc. can unveil an antibody treatment by around the end of the year that is able to kill the COVI...
Nov 11, 2020 (Gmt+09:00)
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Future mobility
Bluespace.ai to develop autonomous mass transit system in Seoul
Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...
Nov 09, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games shares hit upper limit for two consecutive days, further fueling IPO hype
Kakao Games Corp. shares reached the daily upper limit for the second consecutive day on Sept. 11, pushing the company to the third place on KOSDAQ wi...
Sep 11, 2020 (Gmt+09:00)
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Real estate
Seoul apartments’ average selling price tops 1 billion won for first time
The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...
Aug 12, 2020 (Gmt+09:00)
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REIT
Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO
A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...
Jul 27, 2020 (Gmt+09:00)
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Alternative investment
KIC's moving out of Seoul gains momentum after April election
The South Korean government is expected to push ahead with the plan to move Korea Investment Corporation (KIC) and other public agencies to provincial...
Apr 20, 2020 (Gmt+09:00)
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IPO
Two Europe-focused REITs seek $600 mn IPOs in Seoul
Two real estate investment trusts (REITs) backed by office buildings in Belgium and France are planning to raise a combined $600 million through initi...
Mar 12, 2020 (Gmt+09:00)
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M&A
KKR consortium buys Seoul office tower from NPS
A consortium of KKR & Co. and two South Korean companies have closed the acquisition of a Seoul office tower from the National Pension Service (NP...
Feb 29, 2020 (Gmt+09:00)
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Real estate
Brookfield completes $1.9 bn debt refinancing on IFC Seoul
Brookfield Asset Management Inc. has borrowed an additional 475 billion won ($402 million) on International Finance Center in Seoul (IFC Seoul) in a 2...
Oct 19, 2019 (Gmt+09:00)
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PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn
Hong Kong-based investment firm PAG has been named a preferred buyer of Grand Hyatt Seoul and its nearby residential land which are valued at abou...
Aug 22, 2019 (Gmt+09:00)
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Brookfield seeks refinance of $1.5 bn debt on IFC Seoul
Brookfield Asset Management Inc. is seeking to refinance 1.8 trillion won ($1.5 billion) of debts it borrowed on the International Finance Center in S...
Jul 24, 2019 (Gmt+09:00)
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PGIM to secure $60 mn from Seoul office sale to Keppel
PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...
Apr 28, 2019 (Gmt+09:00)
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Keppel Group unit set to net $250 mn from value-add deals in Seoul
Alpha Investment Partners, part of Singapore-based Keppel Capital, is set to secure over $250 million from selling two Seoul office buildings for arou...
Mar 21, 2019 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore