largest pension fund
Scope
Date
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Korean stock market
S.Korean stocks at 8-month high as foreigners chase Samsung
South Korean stocks hit an eight-month high on Monday as foreign investors continued to chase Samsung Electronics Co., the country’s most valu...
Apr 10, 2023 (Gmt+09:00)
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Energy
Hanwha inks largest supply deal for US community solar biz
South Korea’s Hanwha Solutions Corp. is set to sell 2.5 million modules to US community solar programs through the largest-ever supply deal fo...
Apr 07, 2023 (Gmt+09:00)
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Earnings
LG Energy’s Q1 profit soars on gains from US battery tax credits
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled,...
Apr 07, 2023 (Gmt+09:00)
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Corporate strategy
Lotte Group secures $3.8 bn funding from four major Korean banks
Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...
Apr 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kyobo Life’s holding firm plan gains speed with Pavilion Asset acquisition
Kyobo Life Insurance Co. has completed the process to put a South Korea-based alternative asset investment company under its wing, a move that is ex...
Apr 05, 2023 (Gmt+09:00)
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Batteries
LS Electric wins order $94 mn for energy storage system in UK
LS Electric Co. announced on Tuesday that it has secured a contract for a £73.6 million ($93.5 million) energy storage system (ESS) project in...
Apr 04, 2023 (Gmt+09:00)
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E-commerce
Kurly seeks fresh funding at half its peak valuation
Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...
Apr 03, 2023 (Gmt+09:00)
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Korean stock market
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
Mar 31, 2023 (Gmt+09:00)
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Shareholder activism
S.Korean activist fund KCGI eyes foundry DB HiTek buyout
Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...
Mar 31, 2023 (Gmt+09:00)
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Korean startups
KB Financial launches $193 million fund to invest in global startups
South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...
Mar 31, 2023 (Gmt+09:00)
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Shareholder activism
JB Financial wins proxy fight against activist fund Align Partners
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
Mar 31, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Hanwha Vision participates in Asia's largest integrated security expo
Hanwha Vision (formerly known as Hanwha Techwin) announced on Thursday its participation in SECON 2023, the largest integrated security exhibition i...
Mar 30, 2023 (Gmt+09:00)
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Korean chipmakers
Chip foundry DB HiTek's stock near 10-month peak on activist fund
South Korean leading foundry chipmaker DB HiTek’s stock price hit a near 10-month high this week as a domestic activist fund bought a stake to...
Mar 30, 2023 (Gmt+09:00)
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Business & Politics
CJ undertakes educational programs for ethnic minorities in Vietnam
South Korea's CJ Group announced on Wednesday that it will undertake a "Second Girls Education Project" for the Vietnamese ethnic minority.The proje...
Mar 30, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 boasts 336-mile target range in digital world premiere
Kia Corp.’s second all-electric sport utility vehicle EV9 made its global premiere virtually on Tuesday, boasting a target driving range of 54...
Mar 29, 2023 (Gmt+09:00)
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Shareholder activism
Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor
Global proxy advisory giant Glass, Lewis & Co. has voted for three out of the four proposals made by Seoul-based Tcha Partners Asset Management ...
Mar 28, 2023 (Gmt+09:00)
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Shareholder activism
KT&G claims sweeping victory against activist funds
Activist funds such as Singapore-based Flashlight Capital Partners Pet. (FCP) on Tuesday failed to gain approval on almost all of their proposals ma...
Mar 28, 2023 (Gmt+09:00)
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Korean food
US set to emerge as top global buyer of Korean kimchi: Daesang
South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...
Mar 28, 2023 (Gmt+09:00)
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Venture capital
Korean startup investments rapidly dry up in wake of SVB debacle
The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...
Mar 27, 2023 (Gmt+09:00)
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Automobiles
Hyundai launches 2023 season of HMG Driving Experience Center
Hyundai Motor Group announced the commencement of the 2023 season for its HMG Driving Experience Center, which is the largest of its kind in South K...
Mar 24, 2023 (Gmt+09:00)
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Korean startups
S.Korean fashion platform Ably attracts $39 mn before Series C round
South Korea’s Ably Corp., operator of the fashion shopping app Ably, has attracted 50 billion won ($39 million) via venture debt amid the slow...
Mar 23, 2023 (Gmt+09:00)
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Electric vehicles
EV fast-charging company Crocus succeeds in $5 mn Series B funding
Crocus Inc., a South Korean startup focused on energy infrastructure and leveraging artificial intelligence (AI), announced on Wednesday that it rai...
Mar 23, 2023 (Gmt+09:00)
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ESG
Samsung reaffirms commitment to water conservation on World Water Day
Samsung Electronics Co., the world’s largest memory chip producer, reaffirmed its corporate pledge to protect water resources, which are criti...
Mar 22, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem supplies RO filters for Chinese lithium extraction project
South Korea's LG Chem Ltd. has supplied reverse osmosis (RO) filters for a project to extract lithium from China's largest salt lake.The company on ...
Mar 22, 2023 (Gmt+09:00)
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Pre-IPOs
SK Pharmteco again seeks $382 mn in pre-IPO funding
SK Pharmteco Co., a contract development and manufacturing organization (CDMO), is eyeing pre-initial public offering funding again after it dropped...
Mar 21, 2023 (Gmt+09:00)
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Shareholder activism
Two global shareholder voting advisors oppose activist funds in S. Korea
Institutional Shareholder Services (ISS) and Glass Lewis, the world's two biggest advisory bodies for shareholder voting rights, have recommended op...
Mar 20, 2023 (Gmt+09:00)
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Markets
Korean ETP market doubles amid increasing distrust of fund managers
South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...
Mar 20, 2023 (Gmt+09:00)
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Retail
Korea's BGF Retail to cut power use with smart devices
BGF Retail, the operator of South Korea’s largest convenience store chain CU, said on Thursday that it had signed a memorandum of understandin...
Mar 17, 2023 (Gmt+09:00)
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Shareholder activism
ISS, Glass Lewis urge shareholders to veto activist fund's requests on JB
Proxy advisers Institutional Shareholder Services Inc. (ISS) and Glass Lewis & Co. are urging shareholders of JB Financial Group Co., a South Ko...
Mar 17, 2023 (Gmt+09:00)
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ESG
ESG: Name of the game in investing, funding amid Korea’s green push
With South Korea’s aggressive green push at both the government and corporate levels, money is flowing back to environmental, social and gover...
Mar 16, 2023 (Gmt+09:00)