materials prices
Scope
Date
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IPOs
Valuation woes weigh down Krafton on Kospi debut
South Korean game developer Krafton Inc. made a disappointing local stock market debut on Aug. 10 amid concerns of overvaluation.Krafton opened at 4...
Aug 10, 2021 (Gmt+09:00)
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Earnings
Rubber gloves make Korean petrochemical firms’ Q2 profit soar
South Korea’s leading petrochemical makers report their second-quarter sales and operating profit soared, boosted by strong sales of rubber gl...
Aug 06, 2021 (Gmt+09:00)
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IPOs
Krafton locks up two-thirds of IPO shares amid price concerns
Krafton Inc. has locked up more than 80% of its IPO shares allocated to institutional investors, in a move to prevent mass selling of its shares imm...
Aug 05, 2021 (Gmt+09:00)
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IPOs
Krafton IPO draws lukewarm demand from retail investors
Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....
Aug 03, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s big 3 shipbuilders aim to hike newbuilding prices
South Korea’s three major shipbuilders are looking to raise new shipbuilding prices to enhance their profitability following hefty second-quar...
Aug 02, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong draws HAAH and electric bus, scooter makers
Ssangyong Motor Co., a troubled South Korean sports utility vehicle maker, has drawn nine preliminary bidders, including a US automobile distributor...
Jul 30, 2021 (Gmt+09:00)
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Korean chipmakers
Chip supercycle view revives with DRAM, NAND prices at multi-year highs
The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enter...
Jul 30, 2021 (Gmt+09:00)
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Markets
Current asset prices not irrational: Howard Marks
Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valu...
Jul 30, 2021 (Gmt+09:00)
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IPOs
Krafton sets IPO price at top end despite soft institutional demand
South Korean game developer Krafton Inc. set the initial public offering (IPO) price at the top end of the proposed band even as the largest domesti...
Jul 29, 2021 (Gmt+09:00)
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IPOs
HK inno.N’s IPO price set at top end with record demand for Kosdaq listing
HK inno.N Corp. (inno.N), a pharmaceuticals unit of South Korea's Kolmar Korea, set the initial public offering price at the top end of the proposed...
Jul 28, 2021 (Gmt+09:00)
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Batteries
POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...
Jul 28, 2021 (Gmt+09:00)
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EV Batteries
Surging battery material costs put roadblock to EV growth
Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...
Jul 28, 2021 (Gmt+09:00)
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IPOs
Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE
Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...
Jul 27, 2021 (Gmt+09:00)
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Real estate
Korean housing prices soar to $5 tn in Moon admin with record growth
South Korean house prices have risen more during the President Moon Jae-in administration than any other as the current government has focused more ...
Jul 23, 2021 (Gmt+09:00)
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Airlines
Korean LCCs continue to face worst market conditions in 2021
Korea’s low-cost carriers (LCCs) are projected to post another period of financial loss in the second quarter of 2021.According to analyst est...
Jul 22, 2021 (Gmt+09:00)
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Earnings
Korea Shipbuilding delivers dismal Q2 loss on higher steel plate prices
Korea Shipbuilding & Offshore Engineering Co. (KSOE), a leading South Korean shipbuilder, on Wednesday posted a dismal quarterly operating loss ...
Jul 21, 2021 (Gmt+09:00)
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Batteries
SK Materials’ shares fly high on rosy business outlook
Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...
Jul 21, 2021 (Gmt+09:00)
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Battery materials
SK Materials to form a JV with US battery startup Group14 Technologies
SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...
Jul 19, 2021 (Gmt+09:00)
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IPOs
Kakao Pay must refile IPO registration statement to FSS
South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...
Jul 16, 2021 (Gmt+09:00)
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M&As
Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo
A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...
Jul 15, 2021 (Gmt+09:00)
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Corporate investment
LG Chem to invest $8.7 bn in battery material, renewable, bio sectors
LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...
Jul 14, 2021 (Gmt+09:00)
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Steel
Korean shipbuilders baffled by steelmakers’ offer to hike prices by 64%
South Korea’s major steelmakers are demanding a sharp price hike for steel plates used in ships, adding to difficulties faced by domestic ship...
Jul 12, 2021 (Gmt+09:00)
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Pension funds
NPS bets big on property development as asset prices soar
The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...
Jul 09, 2021 (Gmt+09:00)
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Batteries
SK IE Technology throned as top battery materials stock on Korean bourse
SK IE Technology Co. (SKIET), a unit of SK Innovation Co., has climbed to the top ranking among battery materials makers in terms of market capitali...
Jul 09, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
Jul 08, 2021 (Gmt+09:00)
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Biotech
LegoChem’s biotech platform drives 28% share price spike over last month
The rise of the platform economy is a global phenomenon. The spread of the coronavirus pandemic has accelerated the use of contactless technology an...
Jul 07, 2021 (Gmt+09:00)
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Construction
Jungheung cuts Daewoo E&C acquisition price by $180 mn
KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...
Jul 05, 2021 (Gmt+09:00)
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ESG
Crude oil, nitric acid and yarn turn eco-friendly amid ESG boom
South Korean material makers are boosting their efforts to go green as they increasingly adopt eco-friendly technologies for raw materials such as c...
Jul 04, 2021 (Gmt+09:00)
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Korean games
Krafton lowers IPO share price amid debate over high valuation
South Korean game developer Krafton Inc. has decided to lower its initial public offering share price amid criticism over its high valuation followe...
Jul 01, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy Industries charters drillship to Italy’s Saipem
South Korea’s Samsung Heavy Industries Co. has signed a contract to lease a newbuild drillship to Italian oilfield services company Saipem S.p...
Jun 29, 2021 (Gmt+09:00)
Latest News
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