UFS 3.1
Scope
Date
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Private debt
Korean LPs join Antares Capital’s $3.5 bn credit fund
A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...
Jun 10, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Baring PEA set to buy $1 bn stake in PI Advanced Materials
Hong Kong-based Baring Private Equity Asia is set to buy a majority stake in the world’s largest polyimide film manufacturer PI Advanced Mater...
Jun 07, 2022 (Gmt+09:00)
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ASK 2022
[ASK 2022] Infrastructure benefits from inflation and population growth: Sera Global
Infrastructure is stronger than ever amid the current macroeconomic risks, and investors will see greater opportunities in the ...
Jun 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SKC to sell plastic film business to Hahn & Co. for $1.3 billion
SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...
Jun 02, 2022 (Gmt+09:00)
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Corporate restructuring
SK set to buy stake in Bill Gates' TerraPower
SK Innovation Co., South Korea's leading petrochemical company, is planning to buy a stake in TerraPower, a US nuclear power venture founded by Bill...
Jun 02, 2022 (Gmt+09:00)
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Korean SMEs
Korea top capsule maker expands Vietnam plant in global push
South Korea’s top capsule and functional food maker is expanding its plant in Vietnam to raise its presence in the world market with the goal ...
May 31, 2022 (Gmt+09:00)
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Private equity
KKR closes Asia's largest credit fund at $1.1 bn
KKR & Co. on Wednesday announced the final close of its first Asia credit fund at $1.1 billion, the largest such fund focused on Asia.The privat...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hanwha to boost defense, aerospace biz with $2.1 bn spending
Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...
May 25, 2022 (Gmt+09:00)
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Batteries
Samsung SDI, Stellantis pick Indiana for US EV battery plant
Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...
May 24, 2022 (Gmt+09:00)
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Electric vehicles
Georgia state to provide $1.6 bn in incentives to Hyundai
Hyundai Motor Group is expected to receive about $1.6 billion in incentives including tax breaks from Georgia as South Korea’s top automaker i...
May 23, 2022 (Gmt+09:00)
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Webtoons
Kakao to merge US webtoon, web novel platforms
South Korea’s Kakao Entertainment Co. is set to merge Tapas Media Inc. and Radish Fiction Inc., its webtoon and mobile novel platforms in Nort...
May 19, 2022 (Gmt+09:00)
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Aerospace & Defense
Hancom to launch South Korea’s first private satellite
Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...
May 18, 2022 (Gmt+09:00)
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Real estate
KB Asset buys Belgian office towers for $654 million
KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisition of North Galaxy...
May 13, 2022 (Gmt+09:00)
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Future mobility
S.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...
May 13, 2022 (Gmt+09:00)
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Bio & Pharma
LG Chem receives FDA nod for CUE-102 cancer treatment phase 1 trials
LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., has received the US Food and Drug Administration’s approval for phase 1 cli...
May 13, 2022 (Gmt+09:00)
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Batteries
SK On to build $2.3 bn EV battery plant for Hyundai in US
SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...
May 12, 2022 (Gmt+09:00)
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IPOs
One Store becomes fifth Korean IPO dropout this year
One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...
May 11, 2022 (Gmt+09:00)
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Real estate
Mirae Asset named preferred bidder for IFC Seoul
Mirae Asset Global Investments Co., an asset management arm of Mirae Asset Financial Group in South Korea, will be in an exclusive talk with Brookfi...
May 11, 2022 (Gmt+09:00)
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Mobile networks
Samsung wins US 5G equipment order from Dish Network
Samsung Electronics Co. has been chosen to supply 5G network equipment to Dish Network Corp., a US wireless carrier in the middle of building a 5G n...
May 03, 2022 (Gmt+09:00)
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Economy
Korea April inflation hits 13-1/2-year peak; bond yields up
South Korea’s consumer prices in April rose at the fastest pace since the 2008-09 global financial crisis, reinforcing expectations of further...
May 03, 2022 (Gmt+09:00)
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Korean startups
Online education startup Day 1 Co. completes $28 mn Series D funding
Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...
Apr 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to supply chip substrate for Apple’s next-gen M2 processor
Samsung Electro-Mechanics Co. will supply its semiconductor package substrate to Apple Inc. for the US tech giant’s next-generation M2 process...
Apr 21, 2022 (Gmt+09:00)
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Shareholder activism
Naver emerges as Hanjin KAL’s white knight with stake purchase
South Korea’s online portal giant Naver Corp. has emerged as one of Hanjin KAL Co.'s key friendly shareholders, throwing its clout behind Chai...
Apr 17, 2022 (Gmt+09:00)
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Corporate restructuring
Hanssem to remodel itself into 'living tech' company
South Korea’s furniture maker Hanssem Co. unveiled its mid-to-long-term business strategy to institutional investors on Friday. During it...
Apr 15, 2022 (Gmt+09:00)
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Central bank
BOK unexpectedly hikes interest rate as inflation accelerates
South Korea’s central bank on Thursday raised its policy interest rate in a surprise move as accelerating inflation is feared to bite into gro...
Apr 14, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Naver aims to attract 1 bn users via active M&As by 2027
Naver Corp. vows to attract 1 billion users around the world and generate 15 trillion won ($12.2 billion) in five years. Only FAANG companies...
Apr 13, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Musinsa seeks to buy Japan-focused rival fashion platform
South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shopp...
Apr 13, 2022 (Gmt+09:00)
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IPOs
Kakao's game unit behind Odin valued at $2.7 bn before IPO
Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...
Apr 12, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT to build media value chain with $4.1 bn content sales by 2025
KT Corp., a major South Korean telecommunications company, on Thursday unveiled an ambitious goal to become the country’s leading media and co...
Apr 07, 2022 (Gmt+09:00)
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Pension funds
Korea Post to tap two GPs for global PE secondaries
Korea Post, South Korea's state-run postal service agency, said on April 6 its savings arm will choose two asset managers for two closed-end comming...
Apr 07, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer