UP Appliances 2.0
Scope
Date
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Capital raising
KKR, IMM PE in bid for SK E&S' $2 bn preferred shares
KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...
Aug 04, 2021 (Gmt+09:00)
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Corporate bonds
KOMIPO raises $300 mn in dollar bonds at lower-than-expected cost
Korea Midland Power Co. (KOMIPO) raised $300 million in a dollar corporate bond at a lower interest rate than planned on strong demand among foreign...
Aug 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble bets $2.2 bn on global social casino game market
South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...
Aug 03, 2021 (Gmt+09:00)
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Electronics
Inside Samsung: Top level meetings drive ecosystem buildup
Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...
Aug 02, 2021 (Gmt+09:00)
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Earnings
Hyosung Group still going strong with stellar Q2 earnings
South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...
Jul 30, 2021 (Gmt+09:00)
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Earnings
LG enjoys record half-year earnings on TV, appliance in H1
LG Electronics Inc. posted record-high operating profit and revenue in the first half thanks to stella performance in TV and home appliance business...
Jul 29, 2021 (Gmt+09:00)
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IPOs
Tencent, Korea Value poised to see sixfold return from KakaoBank
Chinese technology giant Tencent Holdings, Korea Value Asset Management Co. and South Korea's top lender Kookmin Bank are among a group of sharehold...
Jul 27, 2021 (Gmt+09:00)
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Economy
Strong Korea Q2 growth keeps rate hike stance despite COVID-19 risks
South Korea's economy reported strong growth on healthy private consumption in the second quarter, keeping expectations of an interest rate hike lat...
Jul 27, 2021 (Gmt+09:00)
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Earnings
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
Jul 27, 2021 (Gmt+09:00)
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IPOs
KakaoBank's IPO draws $2 tn in bids despite valuation debate
The initial public offering of South Korea's KakaoBank has drawn the largest-ever amount of bids from institutional investors for a domestic listing...
Jul 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...
Jul 19, 2021 (Gmt+09:00)
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Corporate bonds
KT to raise $300 mn in dollar bond at record-low rates
KT Corp., a South Korea's telecom company, is set to raise $300 million in a dollar corporate bond at the lowest interest rate for its foreign curre...
Jul 15, 2021 (Gmt+09:00)
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Cosmetics
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
Jul 13, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix outplays Kioxia as world’s No.2 smartphone NAND flash maker
South Korea’s SK Hynix Inc. has clinched a surprise second spot in the world’s NAND flash market for smartphones. According to the marke...
Jul 11, 2021 (Gmt+09:00)
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Earnings
LG Electronics flags highest Q2 operating profit in 12 years
LG Electronics Inc. on Wednesday reported a likely 66% jump in its second-quarter operating profit on the back of strong pent-up demand for home app...
Jul 07, 2021 (Gmt+09:00)
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Electronics
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
Jul 06, 2021 (Gmt+09:00)
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Entertainment
Netflix joins hands with Dexter Studios for visual, sound effects
Netflix Inc. has entered into a two-year partnership with South Korea's leading post-production studio which creates digital images and mixes sound ...
Jul 06, 2021 (Gmt+09:00)
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Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Jul 02, 2021 (Gmt+09:00)
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IPOs
Kakao Pay eyes August listing, seeks to raise near $2 bn
South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...
Jul 02, 2021 (Gmt+09:00)
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Hydrogen economy
Hanwha partially sells stake in controversial Nikola
Hanwha Group has made a partial exit from Nikola Corporation, one of the most controversial firms in the US hydrogen sector. Green Nikola Holdings L...
Jul 01, 2021 (Gmt+09:00)
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IPOs
KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape
KakaoBank Corp., the mobile banking unit of online messaging app giant Kakao Corp., is looking to raise as much as 2.55 trillion won ($2.26 billion)...
Jun 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout
Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...
Jun 24, 2021 (Gmt+09:00)
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Economy
BOK ratchets up warning over asset price bubble, private debt
The recent asset price rises in South Korea, in particular in the equities and real estate markets, have been too rapid, even considering an expecte...
Jun 23, 2021 (Gmt+09:00)
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Chemical Industry
Kolon expands hydrocarbon resins production, becomes global No.2 maker
South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...
Jun 21, 2021 (Gmt+09:00)
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Pharmaceuticals
SK Group mulls investing $100 mn in Vietnam's Pharmacity
SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...
Jun 21, 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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Mergers & Acquisitions
Hanon sale takes shape; Valeo, Mahle, LG among potential bidders
The much-touted sale of South Korea’s Hanon Systems Corp. is taking solid shape with names of potential bidders floating around in the market ...
Jun 10, 2021 (Gmt+09:00)
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ESG investing
Korean insurers finance Carlyle's $2 bn deal with ESG debt
South Korean life insurers have made an environmental, social and governance (ESG)-themed investment in The Carlyle Group's €2 billion ($2.4 bi...
Jun 08, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics expands overseas appliance plants as it exits phone business
LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...
Jun 02, 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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