two Koreas
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Date
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Banking & Finance
Bank of Korea may hike rates this week to curb inflation, household debt
South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...
Jan 13, 2022 (Gmt+09:00)
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Batteries
LG Energy IPO fever lifts Korea’s battery stocks
LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...
Jan 13, 2022 (Gmt+09:00)
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Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Jan 12, 2022 (Gmt+09:00)
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Energy
Hylium, KRISO, POSCO receive initial approval for liquid hydrogen storage tanks
Hylium Industries Inc. announced Wednesday that it has been granted an approval in principle (AIP) by the Korean Register for two types of jointly d...
Jan 12, 2022 (Gmt+09:00)
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IPOs
LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO
LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...
Jan 10, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Edison Motors and Ssangyong Motor ink takeover deal
Ssangyong Motor Co. has finally found a new owner. South Korea’s bankruptcy court approved Ssangyong Motor Co. and electric carmaker Edison Mo...
Jan 10, 2022 (Gmt+09:00)
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Private equity
CICC to form up to $3.3 bn funds for bio, chips in Korea and others
CICC Capital, a private equity firm of China's largest investment bank China International Capital Corporation (CICC), will create funds with a comb...
Jan 10, 2022 (Gmt+09:00)
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Venture capital
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
Jan 09, 2022 (Gmt+09:00)
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Batteries
Korea Zinc to ditch low-key strategy to go beyond metal
South Korea's two non-ferrous metal product leaders Korea Zinc Inc. and Poongsan Corp. are tipped to report their record earnings in 2021, after str...
Jan 06, 2022 (Gmt+09:00)
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Foreign exchange
Korean won touches 18-month low as Fed may raise rates sooner
South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...
Jan 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte, Shinsegae compete head-on for Ministop Korea
South Korea's two retail heavyweights Lotte and Shinsegae are in head-to-head competition for the country's fifth-largest convenience store chain Mi...
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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Pharamaceuticals
Korea’s CHA Biotech to triple US CDMO capacity
CHA Biotech, South Korea’s stem cell therapeutics developer, is set to expand its biomaterials contract development and manufacturing organiza...
Jan 05, 2022 (Gmt+09:00)
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Corporate bonds
Export-Import Bank of Korea eyes $3 bn global bond sale
The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...
Jan 04, 2022 (Gmt+09:00)
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CES 2022
Convergence, metaverse, green: Korea Inc.’s themes at CES 2022
South Korea’s major companies are showcasing robots, mobility and the metaverse rather than cutting-edge models of their conventional products...
Jan 04, 2022 (Gmt+09:00)
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Energy
Korea mulls measures on Indonesia’s coal export ban
South Korea is preparing measures to secure coal as Indonesia, the world’s largest supplier of thermal coal, banned exports of the commodity t...
Jan 03, 2022 (Gmt+09:00)
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Fraud scandals
Korean dental implant maker hit by $160 mn embezzlement
Trading in shares of South Korea's top dental implant manufacturer Osstem Implant Co. was suspended on the Kosdaq market on Monday, after the compan...
Jan 03, 2022 (Gmt+09:00)
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SK Telecom and KT to compete in AI chipmaking
SK Telecom Co. and KT Corp. are poised to go head to head in manufacturing chips for artificial intelligence. The telecom giants will utilize their...
Jan 03, 2022 (Gmt+09:00)
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Construction & Planning
Korea to join Egypt’s 1st nuclear power plant project
South Korea is set to participate in Egypt’s first nuclear power plant project built by Russia as a state-run Korea Hydro & Nuclear Power ...
Jan 03, 2022 (Gmt+09:00)
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Steel
Korea 2021 steel output set to top 70 mn tons on supercycle
South Korea’s steel output last year was estimated to have topped 70 million tons as the industry enjoyed a steel supercycle for the first tim...
Jan 02, 2022 (Gmt+09:00)
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Economy
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Jan 02, 2022 (Gmt+09:00)
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IPOs
LG Energy to heat up Korea’s record IPO market in 2022
South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...
Dec 31, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble joins P2E market with ITAM takeover
Netmarble Corp. is in discussion with blockchain gaming and NFT platform ITAM Games for a merger and acquisition deal. The move signals Korea's larg...
Dec 30, 2021 (Gmt+09:00)
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Chemical Industry
Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV
South Korea’s leading petrochemical company SK Geo Centric Co. and Japan’s chemicals producer Tokuyama Corp. plan to found a joint ventu...
Dec 30, 2021 (Gmt+09:00)
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Carbon neutrality
POSCO mothballs Korea’s oldest blast furnace for carbon neutrality
Park Tae-joon, the late honorary chairman of POSCO Co., and other key founding members of the global steel giant celebrated on June 9, 1973, when So...
Dec 29, 2021 (Gmt+09:00)
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League table
NH, KB ranked top S.Korean equity, debt underwriters
Fundraising via initial public offerings and rights issues in South Korea more than doubled to 27.2 trillion won ($23 billion) in 2021 from a year a...
Dec 29, 2021 (Gmt+09:00)
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Year-end review
Korea’s Ants dump single-day record $2.7 bn shares, turn eyes overseas
South Korea’s retail investors on Tuesday dumped 3.16 trillion won ($2.7 billion) worth of shares on the country’s two main stock market...
Dec 29, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Affinity picks Goldman as adviser for Burger King Korea, Japan sales
Affinity Equity Partners has chosen Goldman Sachs as its adviser for the planned sale of its entire stakes in Burger King’s operations in Kore...
Dec 28, 2021 (Gmt+09:00)
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IPOs
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Dec 27, 2021 (Gmt+09:00)
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Batteries
China’s tighter grip on supply chain hurts Korean battery makers
While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...
Dec 27, 2021 (Gmt+09:00)
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