financial Investors
Scope
Date
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Fintech
South Korea to boost fintech fund to 1 trillion won
South Korea's financial authorities have decided to increase the size of the Fintech Innovation Fund from 500 billion won($379 million) to 1 trillion ...
Dec 08, 2022 (Gmt+09:00)
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Corporate restructuring
Kyobo Life seeks to transition into financial holding company
South Korean life insurance behemoth Kyobo Life Insurance Co. is seeking to transition into a financial holding company to expand its business footh...
Dec 07, 2022 (Gmt+09:00)
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Cloud computing
Private equity juggernauts bid for $758 million worth of KT Cloud shares
A number of private equity giants in South Korea and beyond are bidding for shares worth up to 1 trillion won ($758.2 million) in KT Cloud, a subsid...
Dec 07, 2022 (Gmt+09:00)
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Venture capital
Daol Financial Group to let go of VC affiliate, hit by liquidity crunch
The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...
Dec 06, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy sells drillship to Italian offshore drilling company
Samsung Heavy Industries said on Tuesday in a regulatory filing that it has sold a drillship to Saipem, an Italian offshore drilling company, for 29...
Dec 06, 2022 (Gmt+09:00)
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Capital raising
Nearly half of Korean firms plan no domestic investment next year
Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...
Dec 05, 2022 (Gmt+09:00)
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Capital raising
SK On attracts $1 billion in investment
SK On, the electric battery affiliate of Korea's petroleum, alternative energy and oil exploration corporation SK Innovation, has secured 1.3 trilli...
Dec 01, 2022 (Gmt+09:00)
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Korean startups
Fintech co. Awake Corp. provides financial management tool to creators
South Korean fintech startup Awake Corporation won the hearts and wallets of judges at the D.Day X D.Camp event on Thursday, garnering 20 million wo...
Nov 25, 2022 (Gmt+09:00)
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Korean stock market
Korea to revise dividend policy to ease ‘Korea discount’ concerns
South Korea plans to revise its stock dividend policy as part of a broader financial market reform to help attract foreign investors and obtain MSCI...
Nov 24, 2022 (Gmt+09:00)
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Korean startups
Medical data platform operator JNPMEDI raises $10 mn in Series A funding
Medical data platform operator JNPMEDI Inc. announced on Tuesday that it raised 14 billion won ($10.3 million) in a Series A round. Pavilion Ca...
Nov 22, 2022 (Gmt+09:00)
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Leadership & Management
Lotte to replace construction unit CEO due to liquidity crisis
Lotte Group will replace the head of its construction unit, hit by a liquidity crisis stemming from project financing, to ease investor concerns ove...
Nov 22, 2022 (Gmt+09:00)
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Korean startups
D.Day X D.Camp All Star event aims to narrow gap between VC and startup
Come this Thursday, D.Camp operated by the Banks Foundation for Young Entrepreneurs will host the biggest demo day of the year, in collaboration wit...
Nov 21, 2022 (Gmt+09:00)
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Central bank
BOK may increase rate by only 25 bps this week as won rebounds
South Korea’s central bank is likely to raise interest rates by only 25 basis points this week as its won currency may have bottomed out, easi...
Nov 21, 2022 (Gmt+09:00)
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Banking & Finance
Daol Investment seeks to sell Thai subsidiary, eyes $75 mn in proceeds
South Korea’s Daol Investment & Securities Co. plans to sell a controlling stake in its Thai subsidiary, Daol Thailand PCL, as part of its...
Nov 18, 2022 (Gmt+09:00)
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Leadership & Management
Korean startup CEOs’ ethical scandals emerge as major risk factor
Several South Korean startups have recently been hit hard by their CEOs’ unethical behavior and business-related misconduct, leading to a lo...
Nov 18, 2022 (Gmt+09:00)
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Markets
HMM’s shares undervalued despite $12.5 billion in cashable assets
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range for a protracted period despite its spectacular earn...
Nov 11, 2022 (Gmt+09:00)
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IPOs
E-book platform Millie's Library drops IPO plan on tepid market interest
South Korean e-book platform Millie’s Library dropped its listing plan on Nov. 8 due to tepid demand from institutional investors, marking the...
Nov 09, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea's shipbuilding order volume to plummet next year: report
South Korea's shipbuilders fear seeing their orders next year plummet by over 40% on-year due to disruptions in related financing amid surging inter...
Nov 07, 2022 (Gmt+09:00)
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Batteries
SK IE Technology to embark on non-deal roadshow in Hog Kong, Singapore
SK IE Technology Co. (SKIET), a unit of South Korea’s energy and battery maker SK Innovation Co., said on Friday it is embarking on a non-deal...
Nov 04, 2022 (Gmt+09:00)
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Batteries
SK On may secure money for capex from parent company
SK On Co., the world’s fifth-largest electric battery maker, may receive money for capacity expansion from its parent company SK Innovation Co...
Nov 04, 2022 (Gmt+09:00)
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Economy
Korea's stock deposits dip to lowest point since July 2020
Monthly average deposits for stock investment in South Korea are poised to drop below 50 trillion won ($35.1 billion) for the first time since July ...
Oct 31, 2022 (Gmt+09:00)
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ASK 2022
Korea Post's insurance arm uses buyout, senior debt as core strategies
Korea Post’s insurance bureau will maintain its core-satellite strategy in private equity and debt investments for both stable revenue streams...
Oct 27, 2022 (Gmt+09:00)
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Corporate bonds
Korea's $35 bn plan yet to ease Legoland default woes
South Korea’s $35 billion rescue plan provided a temporary painkiller to the domestic bond markets rattled by Legoland Korea developer’s...
Oct 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Mirae Asset to invest $200 mn in Musk’s Twitter deal
Mirae Asset Financial Group is set to chip in some $200 million toward Tesla CEO Elon Musk’s $44 billion takeover of Twitter Inc. in acquisiti...
Oct 24, 2022 (Gmt+09:00)
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Asset management
Samsung Asset says to pursue global, active, bond-type ETFs
Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, will focus on global, active and bond-type ETFs, as we...
Oct 17, 2022 (Gmt+09:00)
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Economy
S.Korea exempts foreign investors from treasury bond tax
South Korea on Oct. 17 started exempting foreign investors from two types of taxes on Korean treasury bonds and monetary stabilization bonds investm...
Oct 17, 2022 (Gmt+09:00)
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E-commerce
Korea's luxury e-commerce platform Balaan completes Series C
South Korean luxury e-commerce platform operator Balaan Co. will complete the attraction of 25 billion won ($17.3 million) in investment in a Series...
Oct 16, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea's Naver to ramp up global IR activity as stock continues decline
South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...
Oct 11, 2022 (Gmt+09:00)
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Construction
Hanwha E&C abandons Bismayah project in Iraq; $581 mn loss expected
South Korean builder Hanwha Engineering & Construction Co. has aborted a $10 billion project to build a Bismayah new city in Iraq after failing ...
Oct 09, 2022 (Gmt+09:00)
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Corporate bonds
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
Oct 07, 2022 (Gmt+09:00)