financial firms
Scope
Date
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Mergers & Acquisitions
STIC to buy Korean flooring firm Nox from TPG for $336 mn
Seoul-based private equity firm STIC Investments has agreed to acquire global leading luxury vinyl tile (LVT) flooring firm Nox Corp. at 450 billion...
Aug 21, 2024 (Gmt+09:00)
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Energy
Kolon Global, Hana Bank to form onshore wind power fund
South Korea's Kolon Global Corp. announced on Tuesday it signed an agreement with Hana Bank, Hana Alternative Asset Management, and MDM Asset Manage...
Aug 21, 2024 (Gmt+09:00)
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Construction
HD Hyundai Infracore to supply construction equipment to Saudi Arabia
South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...
Aug 20, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Card tops S.Korea's EPG ranking for financial institutions
South Korea's Shinhan Card said on Monday it was ranked as the leading company in the domestic financial sector in an environment, population, and g...
Aug 20, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, TAI ink deal to boost T-50TH support
Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...
Aug 20, 2024 (Gmt+09:00)
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Aerospace & Defense
South Korea to extend export missile range from 300 km to 500 km
South Korea has decided to extend the range of missiles for export to 500 kilometers from the current 300 km after accepting requests to do so from ...
Aug 20, 2024 (Gmt+09:00)
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Corporate strategy
SK seeks sale of specialty gas unit for around $3 bn
SK Group, the second-largest conglomerate in South Korea, is considering selling global leading specialty gas producer SK Specialty Co. for around 4...
Aug 19, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Financial opens new headquarters in Ho Chi Minh City
South Korea's Shinhan Financial Group opened a new headquarters in Ho Chi Minh City, Vietnam.Shinhan Financial held an inauguration ceremony for t...
Aug 19, 2024 (Gmt+09:00)
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Banking & Finance
Samsung's financial arms beat No.1 banking group KB in profit
Samsung Group's financial services business has overtaken South Korea's No. 1 banking group KB Financial Group in terms of net profit, posing a thre...
Aug 16, 2024 (Gmt+09:00)
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Earnings
Korea’s airline firms plagued by elevated fuel costs, strong dollar
South Korea’s six listed airline companies posted worsening profitability in the second quarter, plagued by higher jet fuel costs and the US d...
Aug 16, 2024 (Gmt+09:00)
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Bio & Pharma
SK Bioscience sells stake in US vaccine developer Novavax
SK Bioscience Co., a drug-making arm of South Korea's No. 2 conglomerate SK Group, has sold a stake in Nasdaq-listed vaccine developer Novavax Inc. ...
Aug 16, 2024 (Gmt+09:00)
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Bio & Pharma
IMBiologics transfers autoimmune disease drug tech to Huadong Pharma
South Korea's antibody-based biotech company IMBiologics announced on Friday that it signed a contract to transfer the technology of its autoimmune ...
Aug 16, 2024 (Gmt+09:00)
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Construction
Korea’s top landscaping firm Dawon to expand in SE Asia
South Korea’s Dawon Corporation aims to expand its business in Southeast Asia as it beat out major domestic builders such as Samsung C&T C...
Aug 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
GS E&C in talks to sell entire stake in GS Elevator to Chinese firm
South Korea’s GS Engineering & Construction Corp. (GS E&C) is in talks to sell its entire stake in GS Elevator Co. to a Chinese strate...
Aug 14, 2024 (Gmt+09:00)
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Banking & Finance
Samsung’s Monimo set to disrupt Korea’s financial app market
Samsung Group, South Korea’s most powerful business group, is poised to crack the country’s financial app market — now crowded wit...
Aug 14, 2024 (Gmt+09:00)
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Bio & Pharma
Costco sells Celltrion's Yuflyma Low WAC in US
South Korea's Celltrion Inc. announced on Tuesday that its autoimmune disease treatment Yuflyma (Low WAC, active ingredient adalimumab) is now avail...
Aug 13, 2024 (Gmt+09:00)
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Banking & Finance
Korea opens probe into Woori's loans to ex-chair's relatives
South Korea’s financial watchdog agency said on Sunday it has found that Woori Financial Group, the country's fourth-largest financial holding...
Aug 11, 2024 (Gmt+09:00)
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Energy
Korea seeks to curb China's offshore wind farm dominance
South Korea will prioritize non-price factors such as economic security and contributions to the domestic supply chain over bidding prices when sele...
Aug 09, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Palantir join forces on AI weaponry
LIG Nex1 Co., a leading South Korean defense contractor, is teaming up with US artificial intelligence (AI) specialist Palantir Technologies to deve...
Aug 09, 2024 (Gmt+09:00)
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Carbon neutrality
SK Earthon wins Australian carbon storage exploration rights
SK Earthon Co., the energy resources exploration and production (E&P) unit of South Korea’s top energy company SK Innovation Co., will spe...
Aug 08, 2024 (Gmt+09:00)
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Debt financing
Korean firms rush to sell bonds with yields at over 2-yr low
South Korea’s corporate bond markets are having an unusually busy summer as companies are rushing to sell debts to lock in lower interest cost...
Aug 08, 2024 (Gmt+09:00)
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Korean chipmakers
Memory chip demand to stay firm until H1 2025: SK Hynix CEO
The memory chip market is expected to remain upbeat for some time after the industry was resurrected by robust demand for high-performing memory chi...
Aug 07, 2024 (Gmt+09:00)
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Chemical Industry
PE firms seek to buy Korean explosives maker for $218 mn
A private equity consortium seeks to buy a 100% stake in Koryo Nobel Explosives Co., South Korea’s No. 2 industrial explosives manufacturer, f...
Aug 07, 2024 (Gmt+09:00)
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Food & Beverage
Lotte Wellfood eyes merger with trading arm; firms indecisives
South Korea’s Lotte Corp. is considering a merger of its confectionery unit Lotte Wellfood Co. and agricultural product trading arm Lotte Inte...
Aug 06, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor mulls connected car partnership with Google
Hyundai Motor Group is accelerating its efforts to join hands with global tech companies to advance its future mobility technologies ranging from au...
Aug 06, 2024 (Gmt+09:00)
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Banking & Finance
HI Investment & Securities changes its name to iM Securities
HI Investment & Securities Co. was rebranded as iM Securities after it held an extraordinary shareholders' meeting at its headquarters in Yeouid...
Aug 06, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI to supply firefighting helicopter to Gangwon Province
Korea Aerospace Industries Ltd. (KAI) announced on Friday that it signed a 33 billion won ($24 million) contract with Gangwon Special Self-Governing...
Aug 02, 2024 (Gmt+09:00)
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E-commerce
Qxpress investors to take over Qoo10 founder's control
Financial investors of Qxpress Pte. are set to take over Singapore-based Qoo10 Pte. and its founder Ku Young Bae’s control amid financial turm...
Aug 02, 2024 (Gmt+09:00)
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Regulations
S.Korea, China's technology leak, anti-dumping disputes surge
South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel threatened by the intensifying price competition...
Aug 02, 2024 (Gmt+09:00)
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IPOs
LG CNS gears up for 2025 IPO with $5.1 billion in enterprise value
LG CNS Co., the information technology service unit of South Korea’s LG Group, is gearing up for an initial public offering early next year, o...
Aug 01, 2024 (Gmt+09:00)