Rate cut impact on Korea
Scope
Date
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Carbon neutrality
POSCO mothballs Korea’s oldest blast furnace for carbon neutrality
Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...
Dec 29, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung cuts NAND output in Xian on COVID-19 lockdown
Samsung Electronics Co., the world’s largest NAND flash memory chipmaker, said on Wednesday it is adjusting operations at its manufacturing fa...
Dec 29, 2021 (Gmt+09:00)
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E-commerce
Coupang's No. 2 shareholder unloads over $1 bn shares
Coupang Inc.'s second-largest shareholder Geenox Capital sold about 1.6 trillion won ($1.4 billion) worth of shares in the South Korean e-commerce p...
Dec 29, 2021 (Gmt+09:00)
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League table
NH, KB ranked top S.Korean equity, debt underwriters
Fundraising via initial public offerings and rights issues in South Korea more than doubled to 27.2 trillion won ($23 billion) in 2021 from a year a...
Dec 29, 2021 (Gmt+09:00)
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Year-end review
Korea’s Ants dump single-day record $2.7 bn shares, turn eyes overseas
South Korea’s retail investors on Tuesday dumped 3.16 trillion won ($2.7 billion) worth of shares on the country’s two main stock market...
Dec 29, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Affinity picks Goldman as adviser for Burger King Korea, Japan sales
Affinity Equity Partners has chosen Goldman Sachs as its adviser for the planned sale of its entire stakes in Burger King’s operations in Kore...
Dec 28, 2021 (Gmt+09:00)
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IPOs
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Dec 27, 2021 (Gmt+09:00)
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Batteries
China’s tighter grip on supply chain hurts Korean battery makers
While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...
Dec 27, 2021 (Gmt+09:00)
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Automobiles
S.Korea's car output tumbles to lowest in 17 years
South Korea's car output in 2021 is estimated to have tumbled to its lowest level in 17 years as a global shortage of semiconductors slowed down pro...
Dec 27, 2021 (Gmt+09:00)
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Pharmaceuticals
HK inno.N’s K-CAB a blockbuster drug with $843 million exports
South Korea’s HK inno.N Corp. has signed a 640 billion won ($540 million) contract to license out its technology for K-CAB, a gastroesophageal...
Dec 24, 2021 (Gmt+09:00)
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Batteries
Korea battery makers suffer under growing China dominance
South Korean battery manufacturers are suffering from the growing dominance of their Chinese competitors in the world’s electric vehicle marke...
Dec 24, 2021 (Gmt+09:00)
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Food & Beverage
Korea’s No.1 bakery franchise successfully settles in US
Paris Baguette, South Korea’s top bakery franchise, has successfully settled in the US market, paving the way to expand its business throughou...
Dec 23, 2021 (Gmt+09:00)
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Carbon neutrality
KEPCO to develop subsea transmission for ADNOC
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) awarded a $3.6 billion contract to a consortium led by Kore...
Dec 23, 2021 (Gmt+09:00)
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Metaverse
Naver Webtoon to acquire Korea’s virtual human maker
Naver Webtoon Ltd., the digital comics platform of South Korea’s online portal giant Naver Corp., is set to acquire the management rights of d...
Dec 22, 2021 (Gmt+09:00)
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Korean startups
VCs in Korea shell out in search of next unicorns
2021 has been a heyday for Korea’s startup ecosystem – especially for the VCs that invest in it. In the first three quarters of this ye...
Dec 22, 2021 (Gmt+09:00)
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ESG
3D tech firm Koh Young wins highest ESG rating two years running
Koh Young Technology Inc., a South Korean 3D image measurement tech company listed on the Kosdaq, has earned the highest AA rating from Sustinvest, ...
Dec 21, 2021 (Gmt+09:00)
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IPOs
Unicorns like Socar and Kurly to dominate Q2 IPOs
Korea’s first mobility unicorn Socar and an online grocery delivery service operator Kurly Inc. are scheduled to begin the process of an IPO e...
Dec 20, 2021 (Gmt+09:00)
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Blockchain
Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy
Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...
Dec 20, 2021 (Gmt+09:00)
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Real estate
Pangyo, Bundang among Asia's hot office areas, DWS says
Many cities across the Asia-Pacific are springing up with exciting urban office districts, which offer attractive office investment opportunities,...
Dec 20, 2021 (Gmt+09:00)
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Korean startups
Korean unicorns jump fivefold in four years with record investment in 2021
Investment in South Korean startups hit an all-time high in 2021 as the number of new unicorns, unlisted companies with a valuation topping $1 billi...
Dec 20, 2021 (Gmt+09:00)
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Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...
Dec 20, 2021 (Gmt+09:00)
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Corporate restructuring
Hyundai Motor reshuffles overseas units to deal with changing markets
Hyundai Motor Co., South Korea’s top automaker, has reorganized its overseas units, reducing the number of business sectors to five from nine,...
Dec 19, 2021 (Gmt+09:00)
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Energy
Korea’s DL Energy to expand US power plant business
South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...
Dec 17, 2021 (Gmt+09:00)
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IPOs
Korea’s No. 2 art auction house to go public in Jan
K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...
Dec 16, 2021 (Gmt+09:00)
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Airlines
Korean Air to fly high on China’s cargo conversion ban
Korean Air Lines Co. is expected to benefit from China’s ban on conversion of airliners into freighters since the measure is likely to further...
Dec 16, 2021 (Gmt+09:00)
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Food & Beverage
Starbucks Korea secures No.1 spot in crowded market
Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...
Dec 15, 2021 (Gmt+09:00)
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Biotech
Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug
MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...
Dec 15, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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COVID-19
Korea approves export of Samsung Biologics-made Moderna vaccine
South Korea approved exports of Moderna Inc.’s COVID-19 vaccine produced by Samsung Biologics Co. in a move that will help the country’s...
Dec 14, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s new Genesis G90: Epitome of luxury design identity
After an exterior peek of its new Genesis sedan G90 last month, Hyundai Motor Co. on Tuesday fully unveiled the flagship luxury model, its first mod...
Dec 14, 2021 (Gmt+09:00)
Latest News
- 1 Samsung Securities lowers Samsung Electro-Mechanics target price
- 2 LG Uplus unveils content review platform 1Row
- 3 Celltrion's Zymfentra gets 90% distribution channel in US
- 4 SK Nexilis poised to sell thin film division to Affirma Capital
- 5 Cuckoo eyes $172 mn IPO of Malaysian unit in Kuala Lumpur: Bloomberg