Qoo10 Korean e-commerce
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Date
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E-commerce
Kakao's fresh e-commerce strategy puts Naver, Coupang on guard
South Korea’s mobile platform Kakao Corp. is set to shake up the country's e-commerce market in the second half of the year with the launch of...
Jun 07, 2021 (Gmt+09:00)
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Korean chipmakers
Taiwanese fabless firms outwit Korean rivals in chip supercycle
Taiwanese fabless semiconductor firms, with backing from their hometown foundry companies, are reaping the benefits of higher chip prices and soarin...
Jun 06, 2021 (Gmt+09:00)
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Business & Politics
Citibank alludes to S.Korean retail business closure
Citibank Korea will begin to examine ways to gradually liquidate its consumer banking business as it faces difficulties in selling the retail operat...
Jun 04, 2021 (Gmt+09:00)
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The Deep Dive
Misandry controversy rattles Korean retailers; CEO of No.1 fashion app steps down
Gender-discrimination controversies are rattling South Korean retailers, with two companies recently accused of misandry in publicity campaigns. In...
Jun 04, 2021 (Gmt+09:00)
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Korean startups
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
Jun 02, 2021 (Gmt+09:00)
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Interview
How India is becoming 'heaven' for Korean startups
India is becoming an attractive destination for South Korean startups that are eyeing overseas expansion, given the country's vast population and di...
Jun 02, 2021 (Gmt+09:00)
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Mezzanine loans
Mirae, NH face lawsuit over Drew Las Vegas loan loss
Mirae Asset Securities Co. and NH Investment & Securities Co. have been sued by South Korean institutional investors over the loss of their comb...
Jun 01, 2021 (Gmt+09:00)
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Automobiles
Hyundai tops Korean institutions' May buying list
Hyundai Motor became the key beneficiary of South Korean institutional investors' heavy buying on the local bourse this month as the global chip sho...
May 31, 2021 (Gmt+09:00)
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Korean startups
Luxury goods platform MUST'IT raises over $10 mn from VC firms
South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...
May 31, 2021 (Gmt+09:00)
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Automobiles
Korea’s major tire makers to raise prices as rubber supply tightens
South Korea’s three leading tire makers are set to raise prices of commercial and passenger vehicle tires on growing demand from automakers an...
May 31, 2021 (Gmt+09:00)
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Korean LPs commit over $200 mn to UK real estate fund
A UK-focused real estate debt fund, managed by New York-based BentallGreenOak, has received a combined £170 million ($241 million) in commitme...
May 31, 2021 (Gmt+09:00)
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Alternative investments
Hana buys Osaka logistics center for about $140 mn
South Korea's Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥...
May 28, 2021 (Gmt+09:00)
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Steel
China’s heavy imports of copper, steel scrap hurt Korean SMEs
South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...
May 26, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Korean medical cosmetics firms make big rebound in Q1
South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...
May 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn
Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...
May 24, 2021 (Gmt+09:00)
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Korean startups
STIC Ventures invests $2 mn in Vietnamese logistics startup EcoTruck
South Korea-based venture capital firm STIC Ventures has recently invested $2 million in a Vietnamese logistics startup EcoTruck, a move aimed at bo...
May 24, 2021 (Gmt+09:00)
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ASK 2021 Interview
Long-term Treasurys still viable option: The D. E. Shaw Group
US Treasury bonds with longer maturities remain effective hedging instruments against inflation in the current low rate environment, according to Th...
May 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
World's 1st e-sports channel OGN up for sale; valued at $8.9 million
OGN, a South Korean cable TV channel specialized in broadcasting video game-related content and e-sports matches, is up for sale.According to invest...
May 21, 2021 (Gmt+09:00)
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Earnings
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
May 21, 2021 (Gmt+09:00)
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IPOs
Fizzling IPO boom? Korean IPO shares make dull debuts
C&C International Co., South Korea's leading color cosmetics manufacturer, became the fifth company this year to see its share price slide below...
May 18, 2021 (Gmt+09:00)
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Korean chipmakers
Korean foundry firm DB HiTek sets new Q1 sales record
South Korea’s foundry company DB HiTek Co. has reported the highest quarterly revenue since its establishment in 1997. The company’s reg...
May 17, 2021 (Gmt+09:00)
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Korean startups
E-sports startup Bigpicture Interactive in talks to raise over $9 mn
South Korea-based e-sports startup Bigpicture Interactive Corp. is currently in talks with various venture capital firms to raise over 10 billi...
May 16, 2021 (Gmt+09:00)
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ASK 2021
Korean pension funds eye non-core global real estate
South Korea's Government Employees Pension Service (GEPS), Public Officials Benefit Association (POBA) and Military Mutual Aid Association (MMAA) ar...
May 14, 2021 (Gmt+09:00)
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Airlines
Cargo crisis delivers record earnings for HMM, Korean Air
The ongoing shipping cargo crisis has brought record-high earnings results in the first quarter to South Korea’s largest container line HMM Co...
May 14, 2021 (Gmt+09:00)
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Digital currency
Naver joins Korean central bank's digital currency initiative
South Korea’s platform giant Naver Corp. is taking the leap into the digital currency platform market with its plans to participate in the Ban...
May 14, 2021 (Gmt+09:00)
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Mezzanine loans
Korean LPs to sue Mirae, NH over Las Vegas loan loss
South Korean institutional investors in the Drew Las Vegas development are preparing to file a lawsuit against two domestic brokerage firms, seeking...
May 13, 2021 (Gmt+09:00)
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Korean startups
Colosseum rises to e-commerce challenge with one-stop solution
Fulfillment companies are expected to enjoy sharp growth this year, thanks to the global e-commerce boom fueling demand for fulfillment services, ...
May 13, 2021 (Gmt+09:00)
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Hydrogen economy
Eight of top 10 Korean conglomerates betting on hydrogen
There was a time when virtually all major South Korean firms were racing to make something big and heavy. Power plants, offshore oil and gas constru...
May 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean PEF clinches $1.7 bn TaylorMade Golf acquisition
South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. ...
May 11, 2021 (Gmt+09:00)
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Semiconductor rivalry
Korean chipmakers in rivals’ shadow, fall behind TSMC
South Korea is home to the world’s two leading memory chipmakers, Samsung Electronics Co. and SK Hynix Inc., which together with their smaller...
May 11, 2021 (Gmt+09:00)
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