Shinsegae inches closer to eBay Korea purchase; deal remains elusive

Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...

Bank of Korea governor sends stronger signal to raise rates this year

South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...

Shinsegae to raise $2 bn in secured loan for eBay Korea

South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...

Record-setting IPO boom may spell scanty profits

South Korean stock markets are on course to set a new record in the IPO volume with new issues estimated to exceed 30 trillion won ($27 billion) for...

LG Energy Solution applies for IPO seen to raise over $9 bn

LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...

NPS gains timberland, Europe tech exposure in Q1

The National Pension Service has gained exposure to timberland and the European mid-market tech sector in the first quarter of this year, adding two...

Camera module supplier Partron eyes record sales, considers affiliate IPO

South Korea’s Partron Co., specialized in electronic parts for telecommunication devices, started as a mobile phone antenna maker in 2003 afte...

Goldman Sachs zeros in on midmarket, ESG infrastructure deals

Goldman Sachs Asset Management focuses on middle-market, value-add strategy for infrastructure deals, targeting the sectors undergoing a digital tra...

Madison Capital Funding raises $460 mn from Korea

A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitments from seven So...

HYBE raises $400 mn in a move to diversify BTS-dependent portfolio

HYBE Co., the global entertainment powerhouse behind BTS, has successfully closed its previously announced rights offering to raise 445.5 billion wo...

Shopping app Ably raises another $55 mn

South Korea-based Ably Co., operator of the fashion app Ably, announced on Jun. 2 that it has raised 62 billion won ($55.7 million) in a Series B ex...

Chanel, Hermes, LV raise prices in Korea, but sales remain strong

Luxury brands are hiking up prices in South Korea. Designers such as Hermes, Louis Vuitton and Chanel have increased their prices in Korea this year...

Market Kurly raises another $200 mn at a $2 bn valuation

The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion).  The operator of South Korea’s online grocery and gourmet fo...

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...

Korea’s major tire makers to raise prices as rubber supply tightens

South Korea’s three leading tire makers are set to raise prices of commercial and passenger vehicle tires on growing demand from automakers an...

NPS, KIC commit $600 mn to N.America logistics fund

The National Pension Service (NPS) and the Korea Investment Corporation (KIC) have committed $600 million in aggregate to GLP Capital Partners' Nort...

Hyundai Motor’s new XCIENT truck raises hydrogen game in Europe

South Korea’s top automaker Hyundai Motor Co. has unveiled an upgraded version of its fuel cell truck XCIENT, turning up the heat on rivals in...

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 (...

AI-based startup Riiid raises $175 mn from SoftBank

Artificial intelligence-based learning platform Riiid Inc. has raised $175 million from SoftBank Vision Fund 2, the South Korean company said on May...

Halla to join bid for Hanon Systems stake; seen biggest deal in Korea

South Korea’s Halla Group is joining the race for the purchase of auto parts supplier Hanon Systems Corp. -- a deal, if reached at the top end...

KKR's flagship fund attracts $400 mn from NPS, Korea Post

KKR & Co. has attracted a combined $400 million from the National Pension Service and Korea Post for its latest flagship fund that raised $18.5 ...

[ASK 2021] Sculptor Capital: Non-Traditional Real Estate

Sculptor Capital Management is a leading alternative asset manager with capabilities across multi-strategy, credit and real estate. Sculptor has...

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 ...

Fashion platform Ably looks to raise over $20 mn

South Korea-based Ably Corporation, the operator of fashion platform Ably, is seeking to raise around 40 billion won ($35.3 million), attracting a p...

Sculptor Capital bets on non-traditional real estate

Non-traditional real estate assets such as cell towers, parking lots and marinas will likely provide significant investment opportunities to debt in...

E-sports startup Bigpicture Interactive in talks to raise over $9 mn

South Korea-based e-sports startup Bigpicture Interactive Corp. is currently in talks with various venture capital firms to raise over 10 billi...

Freelancer market platform Kmong raises near $28mn in Series C round

South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, ...

Incheon Int'l Airport raises $300 mn in first global bond sale

South Korea's government-owned Incheon International Airport Corp. has raised $300 million in its first global bond sale to ease financial difficult...

POSCO revises up sales target after Q1 profit rises to 10-year high

South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...

KOTAM raises $185 mn for BlackRock's new energy fund

Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...