SK Securities IPO
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IPOs
Blackstone-invested handbag maker Simone applies for IPO review
South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...
Jun 11, 2021 (Gmt+09:00)
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E-commerce
Shinsegae to raise $2 bn in secured loan for eBay Korea
South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...
Jun 11, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council
Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...
Jun 10, 2021 (Gmt+09:00)
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Organizational restructuring
SKT to spin off; 5-for-1 stock split in November
South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...
Jun 10, 2021 (Gmt+09:00)
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IPOs
AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager
South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...
Jun 09, 2021 (Gmt+09:00)
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Quantum computing
Korean telecom firms expand commercial use of quantum cryptography
The imminent advent of quantum computers is posing an online security risk. Quantum computers, unlike the binary computers in common use today, can ...
Jun 09, 2021 (Gmt+09:00)
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IPOs
Record-setting IPO boom may spell scanty profits
South Korean stock markets are on course to set a new record in the IPO volume with new issues estimated to exceed 30 trillion won ($27 billion) for...
Jun 09, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution applies for IPO seen to raise over $9 bn
LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...
Jun 08, 2021 (Gmt+09:00)
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Medicine
Celltrion, Mirae to take largest stake in UK biotech firm
South Korean biosimilar maker Celltrion Inc. and Mirae Asset Group have agreed to an investment that will render them the top shareholder in Iksuda ...
Jun 07, 2021 (Gmt+09:00)
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IPOs
ADT Caps hires IPO managers to speed up 2021 listing
ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...
Jun 04, 2021 (Gmt+09:00)
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Fintech
KDB bets big on fintech platform Toss ahead of 2023 IPO
The Korea Development Bank (KDB) has decided to invest 80 billion won ($72 million) in the fintech startup Toss via a rights offering. This marks th...
Jun 04, 2021 (Gmt+09:00)
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Korean SMEs
Camera module supplier Partron eyes record sales, considers affiliate IPO
South Korea’s Partron Co., specialized in electronic parts for telecommunication devices, started as a mobile phone antenna maker in 2003 afte...
Jun 04, 2021 (Gmt+09:00)
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Hydrogen economy
SK invests in the US 'turquoise' hydrogen maker Monolith Materials
SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...
Jun 03, 2021 (Gmt+09:00)
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Pre-IPO funding
Market Kurly raises another $200 mn at a $2 bn valuation
The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion). The operator of South Korea’s online grocery and gourmet fo...
Jun 01, 2021 (Gmt+09:00)
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Hydrogen economy
SK, Lotte to set up hydrogen JV within 2021
South Korea’s major conglomerates SK Group and Lotte Group have joined hands to strengthen their foothold in the fast-growing hydrogen sector....
May 31, 2021 (Gmt+09:00)
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IPOs
Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...
May 31, 2021 (Gmt+09:00)
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Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
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E-commerce
Survival of the richest: Coupang corners Baemin
South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...
May 27, 2021 (Gmt+09:00)
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Korean stock market
LG Chem stock plunges -6.73%, worst dip since March
LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...
May 26, 2021 (Gmt+09:00)
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SK Innovation in CO2 capture, storage technology project
SK Innovation Co. signed an agreement on May 26 to participate in South Korea's first government-led project to develop carbon capture and storage (...
May 26, 2021 (Gmt+09:00)
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Korean startups
Cloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...
May 25, 2021 (Gmt+09:00)
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Pre-IPOs
Travel app Yanolja seeks $900 mn from SoftBank pre-IPO
South Korea’s largest travel platform Yanolja is in negotiations with SoftBank Vision Fund for an investment up to 1 trillion won ($900 millio...
May 25, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience secures up to $173.4 mn from CEPI for vaccine development
SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...
May 24, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung, TSMC up ante in US foundry competition
The world’s two largest foundry chipmakers, Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co., are upping the ante in ...
May 24, 2021 (Gmt+09:00)
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Banking & Finance
Internet-only K Bank to raise $1.05 bn in rights offering
South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business ...
May 21, 2021 (Gmt+09:00)
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Batteries
SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US
South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...
May 20, 2021 (Gmt+09:00)
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IPOs
Korea's COVID-19 test kit maker applies for $1.2 bn IPO
SD Biosensor Inc., South Korea's largest manufacturer of COVID-19 test kits, has applied for an initial public offering to raise up to 1.3 trillion ...
May 19, 2021 (Gmt+09:00)
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Korean startups
Team Blind secures $37 mn in Series C round; eyes Nasdaq listing
Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million S...
May 18, 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)
Latest News
- 1 Samsung's financial arms beat No.1 banking group KB in profit
- 2 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 3 LG Uplus offers Korean Air gift cards to 5G subscribers
- 4 SK Bioscience sells stake in US vaccine developer Novavax
- 5 Naver Cloud takes the lead in Korea’s public AI business