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Date
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Markets
S. Korea’s big companies rattled by retail investors’ growing influence
South Korea’s big companies such as Samsung, LG and Hyundai often make shareholder-friendly moves to accommodate institutional investors, who fl...
Sep 18, 2020 (Gmt+09:00)
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Outbound investments
South Korea's real estate FDI climbs 7.3% in Q2
South Korea's outbound direct investment in real estate continued to grow in the second quarter, up 7.3% year on year, despite sharp falls in the...
Sep 18, 2020 (Gmt+09:00)
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Korean Air seeks to sell 73-story skyscraper amid financial woes
Korean Air Lines. Co. is reaching out to overseas investors to gauge their interest in acquiring Wilshire Grand Center, a landmark building in Los Ang...
Sep 17, 2020 (Gmt+09:00)
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Electric vechicle
Urgent need to expand Korea's EV charging infrastructure: lobby group
It is critical that the South Korean government and carmakers swiftly move to increase local charging stations for electric vehicles and secure raw ma...
Sep 17, 2020 (Gmt+09:00)
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Restructuring
Korean Air to lend $950 mn to US hotel unit for debt repayment
Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...
Sep 17, 2020 (Gmt+09:00)
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Tech
S. Korea's Kakao Work to rival Slack, messenger platform apps
Kakao Enterprise Corp., the artificial intelligence service unit of South Korea’s Kakao Corp., has launched a business messenger platform to com...
Sep 16, 2020 (Gmt+09:00)
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Korea’s car-sharing platform becomes 12th unicorn following $42.5 mn injection
South Korea’s leading car-sharing platform Socar Inc. has become the country's 12th unicorn valued at around 1.1 trillion won after re...
Sep 16, 2020 (Gmt+09:00)
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Real Estate
Korea Investment near $120 mn deal to buy student housing in Texas
Korea Investment & Securities Co. Ltd. is close to acquiring a new student housing building near the University of Texas at Austin (UT Austin) for...
Sep 16, 2020 (Gmt+09:00)
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Bio
Korea rises as production hub for coronavirus treatments; darling of global pharmas
South Korea is emerging as a global production base for coronavirus vaccines and medicine thanks to its comprehensive production facilities alongside ...
Sep 15, 2020 (Gmt+09:00)
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Tech
Korea’s big data companies eye IPOs as investors flush with cash
Tech investors are set to be deluged with initial public offerings as South Korea’s big data companies are pushing to list their shares amid a d...
Sep 15, 2020 (Gmt+09:00)
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Debt
Export-Import Bank of Korea sells $500 mn euro bonds with negative yield
The Export-Import Bank of Korea (KEXIM) has issued euro-currency bonds worth $500 million at a negative interest rate, the bank said on Sept. 15, less...
Sep 15, 2020 (Gmt+09:00)
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Grab Holdings
Singapore's ride-sharing giant Grab raises $200 mn from STIC Investments
Grab Holdings Inc., a Singapore-based technology company, has raised $200 million from South Korean private equity firm STIC Investments Inc., the fir...
Sep 11, 2020 (Gmt+09:00)
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Sovereign bond
South Korea sells $827 mn worth of euro-currency bonds with negative yield
The South Korean government has issued euro-denominated bonds worth 700 million euros ($827 million) at a negative interest rate, becoming the first n...
Sep 10, 2020 (Gmt+09:00)
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M&A
Korea state agency to sell up to 10% Woori Financial stake in block deal
The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...
Sep 07, 2020 (Gmt+09:00)
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Markets
Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic
South Korea’s top 100 companies saw their overseas sales shrink by a fifth in the second quarter from the year-earlier period, weighed by the fa...
Sep 07, 2020 (Gmt+09:00)
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Pre-IPO
Korea's largest H&B franchise launches pre-IPO targeting PEFs
South Korean health and beauty franchise CJ Olive Young has sent teaser letters to potential buyers, including domestic and overseas private equity fu...
Sep 03, 2020 (Gmt+09:00)
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Markets
Sale of Korea’s bank debentures hits all-time high as capital reserves shrink
Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...
Sep 01, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games gears up to become Korea’s IPO blockbuster of the year
Kakao Games Corp. is set to be South Korea’s biggest initial public offering of the year backed by overwhelming demand seen during its bookbuild...
Aug 27, 2020 (Gmt+09:00)
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Private equity
KKR to expand Korea waste management portfolio to sewage treatment
KKR & Co. is set to acquire a non-controlling stake in a South Korean sewage management company in a deal worth up to 200 billion won ($170 millio...
Aug 27, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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Debt
Lotte Corp's corporate bond issue raises staggering $665 mn in demand
South Korean conglomerate Lotte Corporation saw overwhelming demand of 790 billion won ($665 million) from institutional investors on the issuing of c...
Aug 26, 2020 (Gmt+09:00)
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Energy
South Korea seeks to exit Africa mining JV despite rising nickel demand
State-run Korea Resources Corp. has embarked on a plan to sell its stake in a loss-making nickel mining joint venture in Madagascar, Africa, after the...
Aug 26, 2020 (Gmt+09:00)
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Korean Air
Korean Air seals $835 mn in-flight business sale to private equity firm
Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...
Aug 25, 2020 (Gmt+09:00)
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Corporate governance
Korea's largest tiremaker mired in family feud over management control
South Korea’s largest tire manufacturer Hankook Tire & Technology Co. is in the crosshairs as the family feud over management control o...
Aug 25, 2020 (Gmt+09:00)
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Central bank
Bank of Korea to sharply lower 2020 GDP forecast: governor
The South Korean economy is expected to shrink at a steeper rate than the expected 0.2% this year, and the Bank of Korea (BOK) will sharply revise dow...
Aug 25, 2020 (Gmt+09:00)
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Energy
South Korea moves in on overseas coal project financing ban
South Korea's parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deal...
Aug 24, 2020 (Gmt+09:00)
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Corporate bankruptcy
Corporate bankruptcy filings hit all-time high in Korea amid global pandemic
Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...
Aug 21, 2020 (Gmt+09:00)
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Airlines
Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal
Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...
Aug 19, 2020 (Gmt+09:00)
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Battery
Korea’s leading EV battery makers’ R&D spending hits record $1 bn in H1
South Korea’s three leading electric-vehicle (EV) battery makers are investing heavily in EV research & development projects to gain ground ...
Aug 18, 2020 (Gmt+09:00)
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Markets
Kakao founder becomes Korea’s second-richest stockholder amid COVID-19 era
Brian Kim (Kim Bum-soo), founder and chairman of South Korea’s biggest mobile messaging app operator Kakao Corp., has become the country’s...
Aug 18, 2020 (Gmt+09:00)
Latest News
- 1 Samsung's financial arms beat No.1 banking group KB in profit
- 2 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 3 LG Uplus offers Korean Air gift cards to 5G subscribers
- 4 SK Bioscience sells stake in US vaccine developer Novavax
- 5 Naver Cloud takes the lead in Korea’s public AI business