securities-backed loan
Scope
Date
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Aerospace & Defense
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
Feb 23, 2022 (Gmt+09:00)
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Economy
South Korea's working young teeter on brink of debt disaster
As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...
Feb 21, 2022 (Gmt+09:00)
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Earnings
OCI swings back to profit as polysilicon prices surge
OCI Co., the only polysilicon maker in South Korea, is considering doubling its output of the solar cell material in Malaysia to meet rising demand,...
Feb 21, 2022 (Gmt+09:00)
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Pension funds
KTCU posts highest investment return since 2009
Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...
Feb 14, 2022 (Gmt+09:00)
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Korean games
Saudi sovereign wealth fund buys 5% stake in Nexon
Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...
Feb 06, 2022 (Gmt+09:00)
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Pre-IPOs
IMM to invest $120 mn in SoftBank-backed subtitle firm
South Korea's IMM Investment Corp. has agreed to invest 140 billion won ($120 million) in Iyuno-SDI Group, valuing the world's largest dubbing and s...
Jan 28, 2022 (Gmt+09:00)
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Construction
HDC Hyundai eyes over $800 mn in loans after fatal accident
South Korea's HDC Hyundai Development Co. plans to raise more than 1 trillion won ($832 million) in funding backed by its real estate holdings as th...
Jan 27, 2022 (Gmt+09:00)
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Insider trading
Korea prosecutors probe alleged EcoPro BM insider trading
EcoPro BM Co., South Korea’s top cathode material producer, is under probe by local prosecutors for allegations of insider trading, according ...
Jan 26, 2022 (Gmt+09:00)
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EV Batteries
LG Energy, GM to build $2.6 bn battery plant in Michigan
LG Energy Solution Ltd. and General Motors Co., plan to build the third US electric vehicle battery plant in Michigan with a $2.6 billion investment...
Jan 26, 2022 (Gmt+09:00)
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Korean startups
Zuckerberg-backed family office bets on Korean golf platform
ICONIQ Capital, a US family office backed by Meta founder and CEO Mark Zuckerberg, has invested 50 billion won ($42 million) in Smartscore, a South ...
Jan 21, 2022 (Gmt+09:00)
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Electronics
LG Innotek shares rise despite mixed brokerage views
LG Innotek Co. stocks have been on a rising trend over the past three months and are trading at their highest-ever prices. However, there are mixed ...
Jan 21, 2022 (Gmt+09:00)
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Banking & Finance
BOK restores interest rates to pre-pandemic level
South Korea’s central bank on Friday raised interest rates back to a pre-pandemic level, signaling further hikes to curb rising inflationary p...
Jan 14, 2022 (Gmt+09:00)
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Metaverse
Biotech firm EDGC embarks on metaverse journey
EONE-DIAGNOMICS Genome Center Co. ( EDGC ) announced this week it would participate in AI Human Metaverse Project consortium – along with seven ...
Jan 05, 2022 (Gmt+09:00)
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Battery materials
LG Chem, China’s Huayou Cobalt to build battery metal JV in Korea
South Korea’s top chemical maker LG Chem Ltd. will partner with China’s Zhejiang Huayou Cobalt Co. to launch a battery material joint ve...
Jan 05, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Engineering to make hydrogen from plastic waste
Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...
Dec 22, 2021 (Gmt+09:00)
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Alternative Investments
Tiger Alternative liquidates its structured fund with over 15% IRR
South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...
Dec 21, 2021 (Gmt+09:00)
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Steel
Korean steel mills rush to secure metal scrap from abroad
South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...
Dec 20, 2021 (Gmt+09:00)
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Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...
Dec 20, 2021 (Gmt+09:00)
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Leadership & Management
SK Vice Chair Chey Jae-won reinstated into leadership after eight-year hiatus
Chey Jae-won, the younger brother to SK Group Chairman Chey Tae-won, returned to the conglomerate’s leadership on Dec. 17, after an eight-year...
Dec 17, 2021 (Gmt+09:00)
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Construction
GS E&C secures €70 mn green loan from BNP Paribas for warehouses
South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...
Dec 17, 2021 (Gmt+09:00)
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Food & Beverage
Starbucks Korea secures No.1 spot in crowded market
Starbucks Korea's sales are on course to exceed 2 trillion won ($1.7 billion) this year, the largest-ever annual revenue for a coffee franchise oper...
Dec 15, 2021 (Gmt+09:00)
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Robotics
Robotics shares climb on back of Samsung interest
Shares of Korean robot makers jumped this week following a tech giant’s decision to extend resources on its robotics department. Invest...
Dec 14, 2021 (Gmt+09:00)
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Pension funds
POBA, CalSTRS invest $40 mn in California multifamily assets
South Korea’s pension fund Public Officials Benefit Association (POBA) and US retirement fund The California State Teachers’ Retiremen...
Dec 13, 2021 (Gmt+09:00)
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Corporate restructuring
Samsung launches merged set division as DX; robotics new growth driver
Samsung Electronics Co. has officially launched its new set division, which combines its mobile and consumer electronics businesses into a single un...
Dec 12, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy, DSME merger set for collapse on expected EU veto
The European Union’s expected objection to the combination of the world’s two largest shipbuilders – Hyundai Heavy Industries Co. ...
Dec 12, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Hydrogen economy
SK Gas invests in Bill Gates-backed hydrogen tech startup
SK Gas Co., the top liquefied petroleum gas (LPG) company in South Korea, has invested in Series B funding for C-Zero Inc., a California-based start...
Dec 08, 2021 (Gmt+09:00)
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Alternative investments
BNK and KTB jointly buy UBS tower in New Jersey for $219 mn
South Korea’s BNK Asset Management Co. acquired UBS Financial Services tower in New Jersey for $219 million from US real estate developer Hart...
Dec 08, 2021 (Gmt+09:00)
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Venture capital
Korea Venture Investment creates global fund worth $2 billion
Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...
Dec 02, 2021 (Gmt+09:00)
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Pension funds
NPS picks Hillhouse Capital for private equity investment in Q3
South Korea’s National Pension Service (NPS) selected private equity giant Hillhouse Capital Group in the third quarter of this year for its...
Dec 02, 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