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Scope
Date
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Shareholder value
Celltrion to cancel $140 mn in treasury shares, stock up
South Korea’s leading biosimilar drug developer Celltrion Inc. announced on Friday a plan to cancel $140 million worth of treasury shares to i...
Mar 14, 2025 (Gmt+09:00)
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Korean Investors
Samsung to invest $10 million in US-based C2N Diagnostics
Samsung Group companies will jointly invest $10 million in C2N Diagnostics LLC, a U.S.-based company specializing in blood-based Alzheimer’s d...
Mar 13, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha develops cutting-edge stealth paint for next-generation warships
Hanwha Ocean Co., a leading South Korean warship builder, has developed and tested an advanced stealth paint designed for the country’s KDDX n...
Mar 11, 2025 (Gmt+09:00)
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Pension funds
South Korea’s pension fund NPS risks massive loss from Homeplus fiasco
South Korea’s National Pension Service (NPS), the nation’s biggest institutional investor, could lose more than 1 trillion won ($692 mil...
Mar 07, 2025 (Gmt+09:00)
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Energy
Doosan Enerbility bags $200 mn Qatar power plant EPC deal
Doosan Enerbility Co. has clinched an engineering, procurement and construction (EPC) contract for a gas-fired power plant from Qatar in a consortiu...
Mar 05, 2025 (Gmt+09:00)
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Upcoming IPOs
Seoul Guarantee Insurance to raise $124 million from IPO
Seoul Guarantee Insurance Co. (SGI) will raise 181.5 billion won ($124.2 million) through an initial public offering later this month in its second ...
Mar 04, 2025 (Gmt+09:00)
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Korean food
China under spell of Korean spicy instant noodles; Samyang leads
South Korea’s spicy instant noodles are poised to captivate China, the world’s largest ramen market, with their shipments to the neighbo...
Mar 03, 2025 (Gmt+09:00)
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Shareholder value
Hana Financial to boost corporate value by raising shareholder returns
South Korea’s Hana Financial Group aims to increase corporate value by ramping up shareholder returns based on a sustainable profit structure ...
Feb 27, 2025 (Gmt+09:00)
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Energy
SK Innovation E&S to secure 10 mn tons of LNG to compete with BP, Shell
SK Innovation E&S (SKI E&S), the natural gas business unit of South Korea’s SK Innovation Co., is set to begin an LNG trading business...
Feb 23, 2025 (Gmt+09:00)
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Travel & Leisure
J-R AMC, BlueCove bid on $70 million sale of Mirae Asset, NPS’ Shilla Stay
The sale of Shilla Stay Dongtan, a premium business hotel operated by South Korea’s Hotel Shilla Co., has attracted four bidders, underscoring...
Feb 23, 2025 (Gmt+09:00)
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Real estate
Macquarie to sell Seoul hotel to KB Asset for $119 million
Macquarie Asset Management is poised to sell a four-star hotel in Seoul for about 170 billion won ($118.7 million) to South Korea’s KB Asset M...
Feb 21, 2025 (Gmt+09:00)
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Corporate restructuring
Samsung Life, Samsung Fire sell $193 mn in Samsung Electronics shares
Samsung Life Insurance Co., South Korea’s largest life insurer, and Samsung Fire & Marine Insurance Co., the country’s No. 1 non-lif...
Feb 12, 2025 (Gmt+09:00)
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Private equity
Glenwood Credit stresses role as reliable financial partner: CEO Lee
Many companies, big and small, sell or buy affiliated units to raise funds or narrow their focus during economic downturns, and to fund expansion or...
Feb 11, 2025 (Gmt+09:00)
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Real estate
Sale of Doosan Tower attracts bids from IGIS, Kiwoom, Korea Investment
The much-anticipated sale of Doosan Tower in Seoul’s central business district (CBD) has attracted bids from three interested parties – ...
Feb 10, 2025 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea’s bagel sensation London Bagel Museum attracts multiple foreign investors
London Bagel Museum, which has ignited a bagel fad in South Korea, has drawn strong interest from multiple investors from abroad for its stake sale ...
Feb 09, 2025 (Gmt+09:00)
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Mergers & Acquisitions
LG Chem embarks on sale of dermal filler business worth $343 million
LG Chem Ltd., the world’s fourth-largest chemicals producer that is fostering vaccine and new drug development as new growth drivers, has kick...
Feb 09, 2025 (Gmt+09:00)
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Korean startups
Funding to Korean tech startups at 7-year low; seed funding soars
New funding to South Korean tech startups dropped to its lowest level in seven years in 2024. But seed funding soared 142% led by semiconductor, hea...
Feb 03, 2025 (Gmt+09:00)
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Food & Beverage
Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...
Feb 03, 2025 (Gmt+09:00)
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Real estate
CPPIB to enter South Korean rental housing market
The Canada Pension Plan Investment Board (CPPIB), one of the world’s top 10 global pension fund managers, is joining other foreign asset manag...
Jan 31, 2025 (Gmt+09:00)
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IPOs
Doosan Skoda Power eyes Czech IPO, aims to raise $111 million
Doosan Skoda Power, the Czech-based power plant equipment-making unit of South Korea’s Doosan Enerbility Co., plans to list its shares on the ...
Jan 30, 2025 (Gmt+09:00)
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Steel
Hyundai Steel sells over 1 mn tons of auto steel to non-captive customers
Hyundai Steel Co., South Korea’s second-largest steelmaker, sold more than 1 million tons of automotive steel sheets to overseas automakers ot...
Jan 21, 2025 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace nears $276 million K9 howitzer deal with Vietnam
South Korea’s Hanwha Aerospace Co. is close to signing a 400 billion won ($276 million) deal to export as many as 30 units of the K9 Thunder s...
Jan 20, 2025 (Gmt+09:00)
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Korean startups
DOR sets sights on TikTok-like virtual world for gamers
South Korean startup DOR Corporation has thrown down the gauntlet to Discord, a popular global social platform for gamers, with its TikTok-like soci...
Jan 13, 2025 (Gmt+09:00)
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Real estate
Koramco seeks to sell Seoul prime office tower in $272 million deal
South Korea’s Koramco REITs Management & Trust Co. is poised sell a prime office building in Seoul in an estimated 400 billion won ($272 m...
Jan 13, 2025 (Gmt+09:00)
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Real estate
NCSOFT’s NC Tower up for sale with its value estimated at $272 million
The sales of several office buildings along Teheran-ro in Seoul's upscale Gangnam Business District (GBD) are gaining momentum.The bidding for the...
Jan 10, 2025 (Gmt+09:00)
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Korean startups
Hyundai Motor to introduce 10 startups in robotics, AI at CES 2025
Hyundai Motor Group, which has been promoting open innovation through generous investment in startups with promising technologies, will lead 10 cher...
Jan 06, 2025 (Gmt+09:00)
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Automobiles
Hyundai, Kia sell 7.23 mn units together in 2024, eye more sales in 2025
Hyundai Motor Co. and its sibling Kia Corp. have set a target to sell a combined 7.39 million units around the globe this year with greater focus on...
Jan 03, 2025 (Gmt+09:00)
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Aerospace & Defense
India to acquire 100 units of Hanwha Aerospace’s K9 howitzers via L&T
India will acquire 100 units of the K9 self-propelled howitzers developed by South Korea’s Hanwha Aerospace Co. from Larsen & Toubro (L&am...
Dec 30, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean, another Korean shipbuilder win $951 million WTIV deals
Hanwha Ocean Co. and another major South Korean shipbuilder have won deals worth a combined 1.4 trillion won ($951 million) to each build a wind tur...
Dec 30, 2024 (Gmt+09:00)
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Foreign exchange
Korea to relax FX rules by December to boost dollar selling
South Korea will raise the limits on forward dollar purchases and expand the foreign exchange swap line between the National Pension Service (NPS) a...
Dec 23, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet