Samsung Heavy launches $900 mn rights issue process

Samsung Heavy launches $900 mn rights issue process

Samsung Heavy Industries Co. has begun the process to raise 1 trillion won ($900 million) in a rights offering, in what is set to be its first share...

CJ ENM to spend $4.5 bn to become Asia's Marvel Studios

CJ ENM to spend $4.5 bn to become Asia's Marvel Studios

South Korean media company CJ ENM Co. on Monday announced a plan to spend 5 trillion won ($4.5 billion) to produce original content over the next fi...

Luxury goods platform MUST'IT raises over $10 mn from VC firms

Luxury goods platform MUST'IT raises over $10 mn from VC firms

South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation

South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...

POSCO, Orsted form offshore wind and hydrogen partnership

POSCO, Orsted form offshore wind and hydrogen partnership

South Korea’s steelmaker POSCO has taken another big step in accelerating the industry’s shift toward renewable energy. POSCO said on Ma...

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE Co., the music and entertainment agency behind BTS, on Jun 1-2 will open the subscription for its rights issue shares worth 445.5 billion won (...

Hanwha Systems to launch $1.1 bn rights issue in June

Hanwha Systems to launch $1.1 bn rights issue in June

Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch ...

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...

Internet-only K Bank to raise $1.05 bn in rights offering

Internet-only K Bank to raise $1.05 bn in rights offering

South Korea’s first internet-only bank, K Bank, will be raising 1.2 trillion won ($1.05 billion) from existing and new investors for business ...

Korea's COVID-19 test kit maker applies for $1.2 bn IPO

Korea's COVID-19 test kit maker applies for $1.2 bn IPO

SD Biosensor Inc., South Korea's largest manufacturer of COVID-19 test kits, has applied for an initial public offering to raise up to 1.3 trillion ...

Korean PEF clinches $1.7 bn TaylorMade Golf acquisition

Korean PEF clinches $1.7 bn TaylorMade Golf acquisition

South Korea's lesser-known private equity firm Centroid Investment Partners has acquired US sports equipment manufacturing firm TaylorMade Golf Co. ...

HK inno.N plans 2021 IPO with $1.8 bn valuation

HK inno.N plans 2021 IPO with $1.8 bn valuation

HK inno.N Corp. (inno.N), previously known as CJ Healthcare Co. and now a subsidiary of Kolmar Korea, has initiated the IPO process for listing with...

Anchor Equity eyes IPO of coffee chain A Twosome Place

Anchor Equity eyes IPO of coffee chain A Twosome Place

A Twosome Place is poised to be South Korea's first listed coffee chain as its owner Anchor Equity Partners has kicked off the process of its initia...

Samsung reports highest Q1 revenue, expects chip rebound in Q2

Samsung reports highest Q1 revenue, expects chip rebound in Q2

Samsung Electronics Co. has recorded the highest first-quarter revenue figures in the company’s history, thanks to strong performances in its ...

Amorepacific posts 191.1% growth in Q1 profit, recovers in China

Amorepacific posts 191.1% growth in Q1 profit, recovers in China

South Korea’s cosmetics giant Amorepacific Group reported a sharp turnaround in revenue and operating profit for the first quarter of 2021.The...

Samsung Display sells back 35 million Corning shares for $1.6 billion

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...

Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn

Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn

FiscalNote, a Washington D.C.-based tech firm that uses artificial intelligence and big data to track, predict and analyze regulation and legislatio...

CPPIB, ESR to double first Korean logistics JV to $1 bn

CPPIB, ESR to double first Korean logistics JV to $1 bn

The Canada Pension Plan Investment Board (CPPIB) and Hong Kong-based logistics property developer ESR will expand their $500 million Korean logistic...

Hanwha Solutions to raise 1 billion yuan in ESG bonds

Hanwha Solutions to raise 1 billion yuan in ESG bonds

South Korea’s leading renewable energy company Hanwha Solutions Corp. plans to raise 1 billion Chinese yuan ($153 million) this month in green...

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

SK agrees to pay $1.8 billion to LG, settles battery legal dispute

LG Energy Solution Ltd. and SK Innovation Co. have reached an 11th-hour agreement to end their two-year legal dispute in the US over trade secret in...

Naver invests $150 million in Indonesia’s No.1 media group Emtek

Naver invests $150 million in Indonesia’s No.1 media group Emtek

South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...

Stronghold Technology aims to become Tesla of coffee roasters

Stronghold Technology aims to become Tesla of coffee roasters

South Korea-based Stronghold Technology Inc. is the first startup to have applied artificial intelligence technology to coffee roasting machines. Th...

Korea’s top delivery app operator Woowa joins 1 trillion won sales club

Korea’s top delivery app operator Woowa joins 1 trillion won sales club

Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...

SK E&S to invest $1.4 bn in Australia LNG project

SK E&S to invest $1.4 bn in Australia LNG project

SK E&S Co. will invest $1.4 billion in a gas field development project offshore northern Australia that had been postponed due to the global pan...

Chinese PE firm pays $1.4 bn to take over Magnachip Semiconductor

Chinese PE firm pays $1.4 bn to take over Magnachip Semiconductor

South Korean chipmaker Magnachip Semiconductor Corp. announced on Mar. 27 that it has entered into a definitive agreement to be acquired by China-ba...

Mando wins $1.2 bn suspension parts order from Volkswagen

Mando wins $1.2 bn suspension parts order from Volkswagen

South Korean auto parts maker Mando Corp. will supply 1.4 trillion won ($1.2 billion) worth of suspension system components to Volkswagen AG over th...

Krafton plans 5-for-1 share split ahead of over $880 million IPO

Krafton plans 5-for-1 share split ahead of over $880 million IPO

South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, plans a five-for-one share split ahead of its plan...

Samsung replaces Huawei in Canada as SaskTel’s 5G supplier

Samsung replaces Huawei in Canada as SaskTel’s 5G supplier

Samsung Electronics Co. has been selected as the sole vendor to supply 5G network equipment and solutions to Canadian telecom company SaskTel, based...

Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal

Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal

Daewoo Engineering & Construction Co. is up for sale as its main creditor hopes to cash out of the South Korean builder on the back of its impro...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race