failed IPO
Scope
Date
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IPOs
Tesla supplier L&F's precursor unit begins IPO process
L&F Co., a South Korean electric vehicle battery materials supplier to Tesla Inc., has embarked on a process to list its subsidiary in the local...
Oct 18, 2023 (Gmt+09:00)
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Electric vehicles
Kia to build 2nd purpose-built vehicle plant in Korea
Kia Corp., South Korea’s second-largest automaker, plans to build another purpose-built vehicle (PBV) factory in the country, despite the risk...
Oct 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Doosan Robotics looks for M&A targets post-IPO: CEO
When Ryu Junghoon was tapped as chief executive of Doosan Robotics Inc. two years ago, he vowed to turn the young robot-making company into an indus...
Oct 04, 2023 (Gmt+09:00)
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Markets
Korea markets melt as Fed officials foresee longer-than-expected high rates
South Korean financial markets lost ground on Wednesday with the 10-year government bond yield at a one-year high as US Federal Reserve policymakers...
Oct 04, 2023 (Gmt+09:00)
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IPOs
Doosan Robotics attracts $24.8 billion from retail investors in IPO deposits
Doosan Robotics Inc., a unit of South Korea’s Doosan Group, has attracted billions of dollars from retail investors in subscription deposits f...
Sep 22, 2023 (Gmt+09:00)
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Robotics
Doosan Robotics aims to draw $256 mn in IPO subscriptions
South Korea’s Doosan Robotics Inc. aims to attract an estimated 340.2 billion won ($255.8 million) in the initial public offering bookbuilding...
Sep 11, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Samsung lukewarm on Arm IPO, questioning valuation
Samsung Electronics Co. is not keen to invest in SoftBank’s British chip design unit Arm, the valuation of which seems too high, according to ...
Aug 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Toss’ TADA sale back to square one; its mobility push faces setback
Viva Republica Inc., South Korea’s fintech unicorn operating mobile financial platform Toss, is at a crossroads as its second attempt to sell ...
Aug 09, 2023 (Gmt+09:00)
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IPOs
LS Materials embarks on IPO process to go public in 2023
Global top ultracapacitor player LS Materials Co. is expected to go public in South Korea this year, which would mark the first LS Group company IPO...
Jul 18, 2023 (Gmt+09:00)
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Pre-IPOs
SK Pharmteco to raise $500 mn in pre-IPO, aims for 2025 listing
SK Pharmteco Co., South Korean conglomerate SK Group’s contract development and manufacturing organization (CDMO), is set to raise $500 millio...
Jul 18, 2023 (Gmt+09:00)
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Korean stock market
Korea's IPO market heats up with higher price cap for new stocks
South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than su...
Jul 13, 2023 (Gmt+09:00)
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Private equity
NPS commits $163 mn to Macquarie's sixth Korean buyout fund
Macquarie Asset Management is aiming to close its sixth buyout fund in South Korea at a maximum of 1 trillion won ($775.6 million) by the first ha...
Jul 12, 2023 (Gmt+09:00)
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Private equity
Korean battery maker SK On attracts $400 mn from Hillhouse
South Korean battery maker SK On Co. has secured $400 million from Hillhouse, a Singapore-headquartered asset management firm, investment banking so...
Jun 08, 2023 (Gmt+09:00)
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Airlines
Korean LCC Air Premia to spur growth through IPO, more aircraft
Air Premia Inc., a South Korean low-cost carrier (LCC) that was established in 2017 and started flight operations last July, is gearing for fast gro...
Jun 05, 2023 (Gmt+09:00)
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Korean startups
Korean startups opt for Konex, loans for survival during IPO winter
South Korea's anemic initial public offering market has forced the country’s startups to become more creative in raising funds as they shift t...
Jun 02, 2023 (Gmt+09:00)
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North Korea
North Korean spy satellite fails to reach space
SEOUL -- North Korea’s first military satellite crashed into the Yellow Sea and failed to launch into space, Pyongyang’s state media sai...
May 31, 2023 (Gmt+09:00)
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Energy
Korean biodiesel firm Dansuk sets sights on battery recycling business
KUNSAN, North Jeolla Province – Dansuk Industrial Co., a South Korean fine chemical company, has for decades produced polyvinyl chloride (PVC)...
May 23, 2023 (Gmt+09:00)
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Capital raising
LS Group's US affiliate SPSX to raise $150 mn in pre-IPO
LS Group’s US cable affiliate Superior Essex (SPSX) plans to raise $150 million (200 billion won) via a South Korean private equity fund (PEF)...
May 19, 2023 (Gmt+09:00)
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Pre-IPOs
Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom
Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...
May 12, 2023 (Gmt+09:00)
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Private debt
Korean app market One Store to raise $151 mn for Kiwoom's exit
One Store Co., a South Korean homegrown app store, is slated to attract more than 200 billion won ($151.3 million) as its 100 billion won loan, whic...
May 08, 2023 (Gmt+09:00)
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Food & Beverage
Dongwon Group drops bid to take over McDonald’s Korea
Dongwon Group has canceled its bid to take over McDonald's franchise in South Korea."We reviewed the takeover of McDonald's Korea but our conclusion...
Apr 27, 2023 (Gmt+09:00)
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Pre-IPOs
KKR mulls investing $150 mn in Korean fashion platform Musinsa
Musinsa Co., South Korea’s leading online fashion platform, is in the final stage of attracting 200 billion won ($149.8 million) from US priva...
Apr 25, 2023 (Gmt+09:00)
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Batteries
SK On to attract $1.1 bn from BlackRock, MBK consortium
SK On Co., the world’s fifth-largest battery maker, is slated to attract 1.5 trillion won ($1.1 billion) from a consortium of US private equit...
Apr 20, 2023 (Gmt+09:00)
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Regulations
Korea to adopt cornerstone investor system to vitalize IPOs
South Korea is set to introduce a system of cornerstone investors who agree in advance to subscribe to a forthcoming listing with conditions of lock...
Apr 18, 2023 (Gmt+09:00)
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Pre-IPOs
GS Group's petrochem equipment unit eyes up to $154 mn via pre-IPO
GS Entec Corp., a South Korean equipment maker for petrochemical and power plants, is set to raise 150 billion to 200 billion won ($115 million-$154...
Apr 14, 2023 (Gmt+09:00)
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Korean startups
ASICLAND, TSMC’s sole Korean partner, eyes 2023 IPO
ASICLAND Co. is the only South Korean semiconductor design house for the world’s largest foundry TSMC Co., which manufactures chips for about ...
Apr 12, 2023 (Gmt+09:00)
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Korean stock market
S.Korea's tech special IPOs face criticism on poor earnings of ventures
Around 200 South Korean ventures have debuted on the country’s secondary Kosdaq market through the technology special listing program since 20...
Apr 03, 2023 (Gmt+09:00)
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IPOs
Energy storage devices firm LS Materials launches IPO process
South Korea’s energy storage devices maker LS Materials Co. began the process for an initial public offering later this year as it aims to dev...
Apr 03, 2023 (Gmt+09:00)
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Cryptocurrencies
U.S., South Korea Vie Over Extradition of Crypto Fugitive Do Kwon
The U.S. and South Korea are both seeking to extradite captured crypto entrepreneur Do Kwon from Montenegro, authorities in the tiny European nation...
Apr 03, 2023 (Gmt+09:00)
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IPOs
SK Innovation may give shareholders SK On shares at IPO
SK Innovation Co. is set to consider providing stocks of its electric vehicle battery subsidiary to its shareholders when SK On Co., the world&rsquo...
Mar 30, 2023 (Gmt+09:00)
Latest News
- 1 POSCO Future M to raise $771 million to bolster battery materials business
- 2 Dawn delivery pioneer Kurly posts 1st-ever quarterly profit
- 3 South Korea’s mid-tier shipbuilders sail into new supercycle as China struggles
- 4 Korean teachers' fund to commit $495 mn to 10 PE firms
- 5 Half of Seoul offices now over 30 years old amid limited new supply