securities-backed loan
Scope
Date
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Korean stock market
LG Chem stock plunges -6.73%, worst dip since March
LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...
May 26, 2021 (Gmt+09:00)
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Korean startups
Cloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...
May 25, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience secures up to $173.4 mn from CEPI for vaccine development
SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...
May 24, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung, TSMC up ante in US foundry competition
The world’s two largest foundry chipmakers, Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co., are upping the ante in ...
May 24, 2021 (Gmt+09:00)
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Korean startups
Team Blind secures $37 mn in Series C round; eyes Nasdaq listing
Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million S...
May 18, 2021 (Gmt+09:00)
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Earnings
SK Innovation eyes strong battery orders after returning to Q1 profit
SK Innovation Co., a major South Korean oil refiner and battery maker, has returned to an operating profit in the first quarter, boosted by gains in...
May 13, 2021 (Gmt+09:00)
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Mezzanine loans
Korean LPs to sue Mirae, NH over Las Vegas loan loss
South Korean institutional investors in the Drew Las Vegas development are preparing to file a lawsuit against two domestic brokerage firms, seeking...
May 13, 2021 (Gmt+09:00)
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Economy
Heavy household borrowing fans Korea’s asset market overheating
South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...
May 13, 2021 (Gmt+09:00)
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ESG
Hanwha Group secures $4.4 bn from KDB to finance ESG business
South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...
May 12, 2021 (Gmt+09:00)
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Private debt
CalSTRS, POBA launch $600 mn US property loan JV
The California State Teachers’ Retirement System (CalSTRS) and South Korea's Public Officials Benefit Association (POBA) have launched a $600 ...
Apr 28, 2021 (Gmt+09:00)
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Korean startups
Team Fresh secures $6 mn via stake sale to DSC Investment
South Korea-based venture capital firm DSC Investment announced on Apr. 27 that it has acquired a 6.5% stake, valued at around 6.5 billion won ($5.8...
Apr 27, 2021 (Gmt+09:00)
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Logistics
Goldman-backed Korea Superfreeze to build $2.2 bn facilities
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...
Apr 26, 2021 (Gmt+09:00)
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Korean stock market
Samsung Display sells back 35 million Corning shares for $1.6 billion
Samsung Display Co., South Korea’s largest display maker, is selling 35 million shares in Corning Inc. back to the US company for an estimated...
Apr 26, 2021 (Gmt+09:00)
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Cryptocurrencies
Chinese investors enjoy bitcoin arbitrage gains on Kimchi Premium
Chinese investors trading in digital assets such as bitcoin are reaping decent arbitrage gains in South Korea as the so-called Kimchi Premium has re...
Apr 13, 2021 (Gmt+09:00)
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IPOs
Samsung-backed semiconductor parts maker eyes IPO
MiCo Ceramics Ltd., a semiconductor equipment parts subsidiary of the industrial ceramics maker MiCo Co., is pushing forward with IPO preparations. ...
Apr 09, 2021 (Gmt+09:00)
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Debt financing
Meritz Sec faces losses from $350 mn loan on NY condo
South Korea's Meritz Securities Co. is at high risk of incurring losses from its $350 million lending on a luxury condominium tower in Manhattan, Ne...
Apr 05, 2021 (Gmt+09:00)
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Korean startups
Fresh food logistics startup Team Fresh secures 30 bn won in Series C
South Korea-based fresh food logistics startup Team Fresh has concluded its 30 billion won ($26.7 million) Series C round, attracting high-profile i...
Apr 05, 2021 (Gmt+09:00)
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Batteries
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...
Apr 01, 2021 (Gmt+09:00)
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Fintech
SoftBank-backed Balance Hero raises $10 mn in debt funding from India
South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...
Mar 31, 2021 (Gmt+09:00)
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Artificial intelligence
Meritz arranges $60 mn mezzanine loans on LA skyscraper
South Korea's Meritz Alternative Investment Management Co. has arranged 72 billion won, or slightly over $60 million, worth of mezzanine financing f...
Mar 25, 2021 (Gmt+09:00)
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REITs
SK Group eyes IPO of headquarter-backed REIT in 2021
South Korea’s SK Group has begun the process to list a real estate investment trust (REIT) backed by its head office building and some 100 pet...
Mar 03, 2021 (Gmt+09:00)
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IPOs
Blackstone-backed handbag maker Simone readies for IPO
South Korea-based luxury handbag maker Simone Acc. Collection Ltd. is pushing for an initial public offering this year, paving the way for the globa...
Feb 26, 2021 (Gmt+09:00)
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IPOs
Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO
A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...
Feb 15, 2021 (Gmt+09:00)
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Private debt
Korean investors face $270 mn loss on Las Vegas hotel loans
South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...
Feb 12, 2021 (Gmt+09:00)
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Alternative investments
Korean banks fund alternative deals with $540 mn loans via KIC
South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...
Feb 09, 2021 (Gmt+09:00)
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Future mobility
Hyundai-partnered world-first urban airport project gets UK govt backing
A British urban air mobility project, in which South Korea’s Hyundai Motor Co. is a technology partner, has been chosen as the winner of the U...
Jan 29, 2021 (Gmt+09:00)
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IPOs
US data centers-backed REIT seeks $90 mn Korean IPO in 2021
A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...
Jan 28, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
Jan 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong heads for court protection as Mahindra backs off
India’s Mahindra and Mahindra Ltd. has pulled out of talks to sell Ssangyong Motor Co. to HAAH Automotive Holdings Inc., a US automobile distr...
Jan 25, 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