UP Appliances 2.0
Scope
Date
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Investment returns
Korean funds, firms eye jackpot from Grab’s Nasdaq listing
South Korea’s National Pension Service (NPS), other state-run savings funds and big companies are expected to pocket decent gains from their...
Apr 14, 2021 (Gmt+09:00)
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E-commerce
Sale of Korea’s No.2 delivery app Yogiyo kicks off with May 4 prelim bid
The sale of South Korea’s second-largest food delivery app Yogiyo has kicked off with the sell-side issuing an information memorandum to poten...
Apr 07, 2021 (Gmt+09:00)
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Electronics
Cuckoo home appliances post record sales in US, Vietnam
South Korea’s leading kitchen appliances maker Cuckoo Holdings Co. has posted record growth in overseas sales, largely driven by successes i...
Apr 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE exits S.Korea's No.2 electric wire manufacturer
Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...
Mar 29, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy sets new global record with $2.5 bn order
South Korea’s Samsung Heavy Industries has landed an order to build 20 very large container ships (VLCS) at 2.8 trillion won ($2.5 billion), t...
Mar 26, 2021 (Gmt+09:00)
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Automobiles
Mando wins $1.2 bn suspension parts order from Volkswagen
South Korean auto parts maker Mando Corp. will supply 1.4 trillion won ($1.2 billion) worth of suspension system components to Volkswagen AG over th...
Mar 23, 2021 (Gmt+09:00)
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Korean startups
Online fashion platform Musinsa raises $115 mn from VC firms
South Korea’s top online fashion retailer Musinsa has raised another 130 billion won ($115 million) from Sequoia Capital and IMM Investment, g...
Mar 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero kicks off sale of S.Korea's No.2 delivery app Yogiyo
Germany-based online food delivery service Delivery Hero SE has kicked off the sale process of South Korea's second-largest food delivery app, Yogiy...
Mar 16, 2021 (Gmt+09:00)
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MICE business
COEX to run Vietnam’s No.2 convention center as MICE industry takes off
The Korea International Trade Association (KITA) and its exhibition operating unit, the Convention & Exhibition Center (COEX), will run Vietnam&...
Mar 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air raises $2.9 bn in largest-ever share issue by Korean firm
Korean Air Lines Co. has raised 3.32 trillion won ($2.9 billion) from a new share sale as planned in the the largest-ever rights offering by a domes...
Mar 07, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market
Leading global chipmaker SK Hynix Inc. plans to unveil the industry’s smallest 0.7-micrometer pixel image sensor this year to enhance its pr...
Mar 04, 2021 (Gmt+09:00)
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Corporate bonds
LG Chem's bond issue raises over $2 bn in demand
South Korea-based LG Chem Ltd. received around 2.5 trillion won ($2.3 billion) worth of orders in the bookbuilding for its 600 billion won corporate...
Feb 09, 2021 (Gmt+09:00)
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Batteries
SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn
SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...
Jan 29, 2021 (Gmt+09:00)
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Court rulings
Samsung heir sentenced to 2.5 years in jail for bribery
Samsung Electronics Co. Vice Chairman and de-facto leader Jay Y. Lee was on Jan. 18 sentenced to two and a half years in prison on bribery and embez...
Jan 18, 2021 (Gmt+09:00)
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Corporate bonds
SK Hynix to issue $2.5 bn worth of global bonds; largest amount ever
SK Hynix Inc. is planning to issue $2.5 billion worth of global bonds, the largest amount to be raised in a bond issue by a South Korean company, dr...
Jan 14, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea's cleaning and disinfecting appliance exports soar amid COVID-19 pandemic
Increased time spent at home due to the prolonged COVID-19 pandemic has led to the rise in exports of cleaning and disinfecting appliances, including ...
Jan 08, 2021 (Gmt+09:00)
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Corporate restructuring
Ssangyong Motor gets 2-months' grace before court-led restructuring
Ssangyong Motor Co. has received court approval for a two-month suspension of its obligations to repay debt as the troubled automaker is seeking to ...
Dec 28, 2020 (Gmt+09:00)
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Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain
The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and enterta...
Dec 07, 2020 (Gmt+09:00)
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Alternative investments
NPS acquires $2 bn US logistics portfolio with Stockbridge
The National Pension Service has teamed up with the US-based Stockbridge Capital Group to acquire a $2 billion portfolio of logistics facilities in ...
Dec 04, 2020 (Gmt+09:00)
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Economy
KRW strengthens to 2.5-year high as Korean stocks rally
The South Korean won has strengthened to its highest level in two and a half years amid local stocks’ three-day bull run to a record high on h...
Dec 03, 2020 (Gmt+09:00)
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Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
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Markets
Samsung shares hit historic high as foreign investors scoop up net $2.3 bn
Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...
Nov 13, 2020 (Gmt+09:00)
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Economy
S. Korea’s current account surplus at 2-yr high; full-year surplus to top BOK forecast
South Korea’s current account surplus rose in September to its highest level in two years on the back of rebounding exports of chips and automob...
Nov 05, 2020 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy affiliate wins $375 mn order for 2 LNG carriers
Korea Shipbuilding & Offshore Engineering Co., a shipbuilding arm of Hyundai Heavy Industries Group, has won a 425 billion won ($375 million) orde...
Nov 02, 2020 (Gmt+09:00)
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Shareholder value
LG Chem’s No. 2 shareholder NPS opposes battery spin-off
South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...
Oct 28, 2020 (Gmt+09:00)
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Quarterly earnings
Hyundai Motor reports Q3 loss on $2 bn provisioning
Hyundai Motor Co. turned to an operating loss in the third quarter, after it booked 2.1 trillion won ($1.9 billion) as one-off charges related to its ...
Oct 26, 2020 (Gmt+09:00)
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Quality cost
Hyundai, Kia to reflect $2.94 bn quality costs in Q3 results
Hyundai Motor Co. and affiliate Kia Motors Corp. said on Oct. 19 that a combined 3.36 trillion won ($2.94 billion) in quality-related costs will be re...
Oct 19, 2020 (Gmt+09:00)
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LG Electronics
LG Electronics expects record Q3 results on brisk home appliance, TV sales
LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...
Oct 08, 2020 (Gmt+09:00)
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Samsung Electronics
Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei
Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...
Oct 08, 2020 (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