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Scope
Date
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E-commerce
Shinsegae-Naver consortium one step closer to eBay Korea acquisition
Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival Lotte in the prolonged race to buy the country’s third larg...
Jun 16, 2021 (Gmt+09:00)
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Markets
Kakao becomes 3rd most valuable company in Korea
Kakao Corp. is now the third most valuable company in Korea, after Samsung Electronics Co. and SK Hynix Inc.Kakao’s market cap on June 15 surp...
Jun 15, 2021 (Gmt+09:00)
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E-commerce
Shinsegae inches closer to eBay Korea purchase; deal remains elusive
Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...
Jun 14, 2021 (Gmt+09:00)
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E-commerce
Shinsegae to raise $2 bn in secured loan for eBay Korea
South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...
Jun 11, 2021 (Gmt+09:00)
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E-commerce
Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown
The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...
Jun 07, 2021 (Gmt+09:00)
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E-commerce
Kakao's fresh e-commerce strategy puts Naver, Coupang on guard
South Korea’s mobile platform Kakao Corp. is set to shake up the country's e-commerce market in the second half of the year with the launch of...
Jun 07, 2021 (Gmt+09:00)
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Korean startups
Shopping app Ably raises another $55 mn
South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...
Jun 02, 2021 (Gmt+09:00)
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Korean startups
Luxury goods platform MUST'IT raises over $10 mn from VC firms
South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...
May 31, 2021 (Gmt+09:00)
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Hydrogen economy
SK, Lotte to set up hydrogen JV within 2021
South Korea’s major conglomerates SK Group and Lotte Group have joined hands to strengthen their foothold in the fast-growing hydrogen sector....
May 31, 2021 (Gmt+09:00)
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IPOs
Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...
May 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn
Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...
May 24, 2021 (Gmt+09:00)
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ASK 2021 Interview
Long-term Treasurys still viable option: The D. E. Shaw Group
US Treasury bonds with longer maturities remain effective hedging instruments against inflation in the current low rate environment, according to Th...
May 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
World's 1st e-sports channel OGN up for sale; valued at $8.9 million
OGN, a South Korean cable TV channel specialized in broadcasting video game-related content and e-sports matches, is up for sale.According to invest...
May 21, 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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Korean Investors
Military Mutual picks ex-Lotte Non-Life CIO as investment chief
The Military Mutual Aid Association (MMAA), an $11 billion savings fund for South Korean military officers and personnel, said on Monday it has name...
May 17, 2021 (Gmt+09:00)
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Korean startups
E-sports startup Bigpicture Interactive in talks to raise over $9 mn
South Korea-based e-sports startup Bigpicture Interactive Corp. is currently in talks with various venture capital firms to raise over 10 billi...
May 16, 2021 (Gmt+09:00)
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Korean startups
Colosseum rises to e-commerce challenge with one-stop solution
Fulfillment companies are expected to enjoy sharp growth this year, thanks to the global e-commerce boom fueling demand for fulfillment services, ...
May 13, 2021 (Gmt+09:00)
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Construction & Planning
Lotte Chem eyes global EOA leadership with capacity expansion
Lotte Chemical Corp. plans to further expand the production line for ethylene oxide adduct (EOA), a specialty material used in the construction indu...
Apr 27, 2021 (Gmt+09:00)
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Capital raising
SK E&S seeks global IB to raise up to $3 bn in 2021
SK E&S Co. will hire a global investment bank to launch the process of raising 2 trillion-3 trillion won ($2 billion-$3 billion) in new capital ...
Apr 16, 2021 (Gmt+09:00)
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Energy
SK E&S to invest $1.4 bn in Australia LNG project
SK E&S Co. will invest $1.4 billion in a gas field development project offshore northern Australia that had been postponed due to the global pan...
Mar 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK Tel, Shinsegae, Lotte, MBK make the cut in eBay Korea deal
Four out of the five preliminary bidders for eBay Korea, including SK Telecom Co. and MBK Partners, have made the cut in the deal estimated at aroun...
Mar 29, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte buys S.Korea’s top secondhand e-commerce platform
South Korea’s retail giant Lotte is expanding its presence in the e-commerce sector with the acquisition of Joonggonara, the country’s l...
Mar 23, 2021 (Gmt+09:00)
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Batteries
Hyundai to build ultra-fast EV charging infrastructure under E-pit brand
Hyundai Motor Group has unveiled a plan to build high-speed electric car charging infrastructure across the country as the South Korean auto giant s...
Mar 23, 2021 (Gmt+09:00)
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Bio business
Lotte advances into bio business, to acquire stake in Enzychem
South Korea’s Lotte Group is entering the bio business for the first time in its history by acquiring a significant stake in Enzychem Lifescie...
Mar 23, 2021 (Gmt+09:00)
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Korean startups
S.Korean e-book operator eyes unicorn status via successful foray into US
E-book platform operator RIDI Corp. has successfully tapped into the US market, fueling anticipation over the possibility of it becoming South Korea...
Mar 17, 2021 (Gmt+09:00)
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Share swap
Shinsegae, Naver ink $221 mn share swap to rival Coupang in e-commerce
South Korea’s retail giant Shinsegae Group and top portal operator Naver Corp. have agreed to a 250 billion won ($221 million) share swap to s...
Mar 16, 2021 (Gmt+09:00)
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IPOs
Coupang CEO: S.Korean e-commerce market 'isn't small,' offers robust growth potential
South Korea's e-commerce giant Coupang Corp. had a successful trading debut in New York on Thursday as its shares soared by 41% in their first sessi...
Mar 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal
Daewoo Engineering & Construction Co. is up for sale as its main creditor hopes to cash out of the South Korean builder on the back of its impro...
Mar 11, 2021 (Gmt+09:00)
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Business & Politics
Naver, E-Mart in share swap talks ahead of Coupang's US IPO
South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...
Mar 10, 2021 (Gmt+09:00)
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Private equity
E-commerce platform TMON raises $276 mn in pre-IPO share sale
South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...
Feb 19, 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