korea fintech startup travelwallet
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Batteries
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...
May 06, 2021 (Gmt+09:00)
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Korean startups
Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn
South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startu...
May 06, 2021 (Gmt+09:00)
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Biotechnology
Sejong Univ. unveils Korea's first cultured meat prototype
Sejong University in Seoul, South Korea has unveiled a cultured meat prototype for the first time in the country.Cultured meat is an alternative pro...
May 06, 2021 (Gmt+09:00)
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Korean startups
IB-turned-podcaster in quest of hidden startup gems
A seasoned investment banker of Korean origin, David Kim, has turned his eyes to rising startups that have yet to receive attention and began to int...
May 06, 2021 (Gmt+09:00)
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Petrochemicals
Hanwha Total becomes S.Korea’s largest polypropylene maker
Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...
May 06, 2021 (Gmt+09:00)
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Logistics
Korea’s Busan port congestion worsening with boxes stacked, ships delayed
At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...
May 03, 2021 (Gmt+09:00)
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Venture capital
LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups
South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...
Apr 30, 2021 (Gmt+09:00)
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Upcoming IPOs
Korea bourse tries to halt unicorns following Coupang in US IPO
The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...
Apr 29, 2021 (Gmt+09:00)
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Korean startups
Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai
South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...
Apr 27, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Naver aims to overtake Chrome in Korea with own browser Whale in 3 years
South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...
Apr 27, 2021 (Gmt+09:00)
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Logistics
Goldman-backed Korea Superfreeze to build $2.2 bn facilities
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...
Apr 26, 2021 (Gmt+09:00)
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Industrial clean rooms
Wonbang Tech: S.Korea’s leading chip clean room company
The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...
Apr 26, 2021 (Gmt+09:00)
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IPOs
Fintech platform Kakao Pay applies for Kospi IPO
Kakao Pay Corp., a unit of South Korea's largest mobile messaging app Kakao Corp., submitted an application for its initial public offering with the...
Apr 26, 2021 (Gmt+09:00)
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Venture capital
VC firms queue up for IPOs as startup valuations soar
A slew of South Korean venture capital firms are knocking on the doors of the domestic stock market, with startup investments hitting the jackpot am...
Apr 23, 2021 (Gmt+09:00)
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Korean startups
Startup valuations surge; driven by Coupang effect and VC boom
In September 2019, South Korea-based mobile marketplace platform Danggeun Market received 40 billion won ($36 million) from venture capital firms wi...
Apr 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Evercore joins as advisor for S.Korea’s Hanon Systems stake sale
Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...
Apr 23, 2021 (Gmt+09:00)
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Corporate restructuring
SK Group’s holding firm aims to become Korea’s Berkshire Hathaway
Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...
Apr 21, 2021 (Gmt+09:00)
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Chemical Industry
Hanwha challenges monopoly in S.Korea’s nitric acid sector
South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...
Apr 21, 2021 (Gmt+09:00)
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Entertainment
Korea’s Netflix blockbuster Space Sweepers receives global viewership
Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a gro...
Apr 21, 2021 (Gmt+09:00)
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Korean startups
Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank
South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...
Apr 20, 2021 (Gmt+09:00)
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Carbon neutrality
Korea has vital role in a green post-COVID world
Rapid development and roll-out of COVID-19 vaccines globally are occupying the headlines of major media outlets. We are now well over a year into the ...
Apr 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Citibank Korea's retail arm sale may fuel M&A market
Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...
Apr 16, 2021 (Gmt+09:00)
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IPOs
Kakao Bank applies for preliminary review of 2021 IPO
Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...
Apr 15, 2021 (Gmt+09:00)
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Factory suspension
GM Korea to halt 2 main plants next week on automotive chip shortage
The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...
Apr 15, 2021 (Gmt+09:00)
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Batteries
POSCO to build S.Korea’s first lithium plant by 2023
South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...
Apr 15, 2021 (Gmt+09:00)
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Economy
IMF warns against South Korea's debt explosion
South Korea needs to closely monitor government spending to avoid a future debt explosion given its rapidly aging population, according to a senior ...
Apr 15, 2021 (Gmt+09:00)
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Machinery
Global infra boom revives S.Korea’s heavy equipment sector
South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 201...
Apr 13, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...
Apr 13, 2021 (Gmt+09:00)
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Archegos scandal
Ex-Samsung startup head's Archegos job ends after 3 mths
A former startup investment head of Samsung Electronics Co. has wrapped up his brief career in the asset management industry, following Archegos C...
Apr 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Outback Steakhouse Korea put up for sale by PEF
South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steakhouse Korea, as the PE firm and sale m...
Apr 12, 2021 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore