health management app
Scope
Date
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Culture & Trends
Reading the air
For the past 18 years I have worked in East Asia, four of them here in Korea and the last ten for the Swiss national trade and investment agency calle...
May 25, 2021 (Gmt+09:00)
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Korean startups
Fashion platform Ably looks to raise over $20 mn
South Korea-based Ably Corporation, the operator of fashion platform Ably, is seeking to raise around 40 billion won ($35.3 million), attracting a p...
May 20, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials
South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...
May 20, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Chat fiction app operator eyes global expansion, webtoon market
As smartphones have become essential to everyday life, chat fiction -- storytelling in the form of fictional text messaging -- has become popular am...
May 18, 2021 (Gmt+09:00)
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Korean startups
SoftBank Ventures invests in fashion app targeting middle-aged women
South Korea-based Queenit, a fashion mobile platform targeting middle-aged women, has secured around 5.5 billion won ($5 million) from a pool of hig...
May 13, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery app Yogiyo bidders narrowed to Shinsegae, PEFs
Germany's Delivery Hero SE has narrowed down the list of bidders for South Korea’s second-largest food delivery platform Yogiyo to Shinsegae I...
May 11, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Heated shopping platform M&As shake up fashion industry
South Korea's fashion industry is all shook up following the No. 1 online fashion platform Musinsa's decision to acquire 29CM, the country’s s...
May 10, 2021 (Gmt+09:00)
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Private equity
CVC names ex-Affinity Equity top manager as Korea head
CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...
May 07, 2021 (Gmt+09:00)
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E-commerce
Delivery app Yogiyo draws bids from retailers, PEFs
South Korea’s second-largest food delivery app Yogiyo has drawn about 10 preliminary bidders, including retailer Shinsegae and private equity ...
May 05, 2021 (Gmt+09:00)
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E-commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livest...
Apr 14, 2021 (Gmt+09:00)
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E-commerce
Kakao to buy fashion app, pushing aside eBay Korea
Kakao Corp., South Korea's top mobile messaging app operator, is set to acquire a majority stake in Zigzag, a domestic online fashion platform targe...
Apr 08, 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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Digital contents
Kakao in talks to buy US fiction app in heated IP rivalry
South Korea's mobile giant Kakao Corp. is in negotiations to buy the management rights of US-based mobile fiction startup Radish Fiction for around ...
Apr 04, 2021 (Gmt+09:00)
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Revenue club
Korea’s top delivery app operator Woowa joins 1 trillion won sales club
Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...
Mar 31, 2021 (Gmt+09:00)
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Venture capital
KTB Network wins jackpot from Korean delivery app sale
KTB Network Co., a South Korean venture capital firm, has pocketed a double-digit return, or 62.5 billion won ($55 million) from the sale of its sta...
Mar 30, 2021 (Gmt+09:00)
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BofA replaces Korea IB head, country manager
Bank of America Merrill Lynch (BofA) has named managing director Cho Chanhee as its South Korean investment banking head to replace Park SeungGu who...
Mar 18, 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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Metaverse
Avatar app Zepeto becomes playground for MZers
The Blackpink House is a bucket list destination for fans of the K-pop girl group Blackpink. The house is decorated with images of the group, curren...
Mar 04, 2021 (Gmt+09:00)
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Regulations
Offshore fund registration delays put asset managers in bind
South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...
Mar 04, 2021 (Gmt+09:00)
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IPOs
Hyundai Heavy hires Korea Investment, 4 others as IPO managers
South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...
Mar 02, 2021 (Gmt+09:00)
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Pension funds
NPS adds APG, IFM Investors, Thoma Bravo as managers in Q4
The National Pension Service (NPS) has entrusted funds to three overseas alternative investment firms newly hired in the fourth quarter of last year...
Mar 01, 2021 (Gmt+09:00)
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Leadership & Management
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Feb 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Naver invests €115 mn in Spain’s virtual marketplace Wallapop
Naver Corp., South Korea’s top online portal, has invested €115 million in Wallapop, a Spanish virtual marketplace, as part of its effort...
Feb 25, 2021 (Gmt+09:00)
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Wealth donations
Founder of Korea’s top delivery app Baemin to donate over half his wealth
Kim Bong-jin, founder of South Korea’s top food delivery app Baedal Minjok, or Baemin in short, has committed to donating more than half of hi...
Feb 18, 2021 (Gmt+09:00)
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Debt financing
Coupang likely to get $1 bn credit line from IPO managers
South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...
Feb 17, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Match Group buys Korean video chat startup for $1.73 bn
Match Group, the operator of the world’s largest dating app Tinder, has agreed to buy 100% of South Korea’s leading video chat startup...
Feb 10, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
Jan 28, 2021 (Gmt+09:00)
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Alternative investments
Korean LPs pick their 44 favorite alternative managers
Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...
Jan 21, 2021 (Gmt+09:00)
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RFPs
Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...
Jan 08, 2021 (Gmt+09:00)
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ESG
Samsung Elec steps up efforts for river management
Semiconductor manufacturing plants use an enormous amount of water, earning the semiconductor industry the nickname of "a thirsty business." Samsung...
Jan 05, 2021 (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