Car of the Year in India
Scope
Date
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IPOs
S. Korean COVID-19 test kit maker eyes listing next year
SD Bio Sensor, Inc., a South Korea-based manufacturer of COVID-19 test kits, is pushing to go public early next year, drawing market attention as a st...
Nov 19, 2020 (Gmt+09:00)
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Culture & Trends
Carpenters brew tea from 150-year-old Korean pine trees
GANGNEUNG, Gangwon Province -- Gangneung, on the coast east of Seoul, is famously known as a coffee destination — but there's actually another d...
Nov 18, 2020 (Gmt+09:00)
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Economy
S. Korea’s current account surplus at 2-yr high; full-year surplus to top BOK forecast
South Korea’s current account surplus rose in September to its highest level in two years on the back of rebounding exports of chips and automob...
Nov 05, 2020 (Gmt+09:00)
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Earnings
SK Hynix vows to triple NAND sales in 5 years after strong Q3
SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...
Nov 04, 2020 (Gmt+09:00)
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Automobiles
Hyundai’s five-year journey to build a luxury car brand
At Hyundai Motor Co.'s brand launch event held on Nov. 4, 2015, someone made an unexpected appearance on the stage, surprising the crowd. It was curre...
Nov 01, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai Motor unveils sustainable fashion collection from recycled car materials
Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...
Oct 08, 2020 (Gmt+09:00)
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Bond issue
Shinhan Card to issue $300 mn in dollar bonds; first such issue in 13 years
Shinhan Card Co. is set to issue $300 million (about 340 billion won) worth of dollar bonds at the end of this month for overseas investors, according...
Oct 06, 2020 (Gmt+09:00)
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Korean 100-year-old traditional house becomes trendy destination for cafe-goers
The life of a building emulates the human experience more than we suspect -- encountering countless number of people, wearing down with age, and event...
Sep 27, 2020 (Gmt+09:00)
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Korea’s car-sharing platform becomes 12th unicorn following $42.5 mn injection
South Korea’s leading car-sharing platform Socar Inc. has become the country's 12th unicorn valued at around 1.1 trillion won after re...
Sep 16, 2020 (Gmt+09:00)
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Airline industry
Asiana again placed under creditor control; resale unlikely by year-end
Creditors of Asiana Airlines Inc. have decided to place the financially troubled carrier under their control after officially declaring the collapse o...
Sep 11, 2020 (Gmt+09:00)
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Central bank
BOK to buy $4.2 bn in state bonds by year-end to stabilize debt market
The Bank of Korea will buy state bonds worth 5 trillion won ($4.2 billion) directly from the market by the end of this year to stabilize the local deb...
Sep 08, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games gears up to become Korea’s IPO blockbuster of the year
Kakao Games Corp. is set to be South Korea’s biggest initial public offering of the year backed by overwhelming demand seen during its bookbuild...
Aug 27, 2020 (Gmt+09:00)
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Private equity
Carlyle Group to exit from Korean OEM apparel exporter in seven years
The Carlyle Group has sold off its stake in South Korea's Yakjin Trading Corp., an original equipment manufacturer (OEM) for global brands such a...
Aug 21, 2020 (Gmt+09:00)
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Automobiles
Hanon Systems eyes top spot in world’s car thermal management system market
Hanon Systems Corp., a South Korean auto parts maker, said on Wednesday it aims to become the world’s top supplier of automotive thermal and ene...
Aug 12, 2020 (Gmt+09:00)
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Mahindra
India’s Mahindra willing to give up management rights in Ssangyong Motor
India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...
Aug 10, 2020 (Gmt+09:00)
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KOSPI
Kospi's 12-month P/E ratio hits a 13-year high
Kospi has posted a 13-year high with 12-month forward price-earnings ratio recording 12.84 times on August 6, according to financial data provide...
Aug 10, 2020 (Gmt+09:00)
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Markets
Korean stocks end at highest level in 2 years as ants load up
South Korean shares rallied for a second consecutive session on Wednesday, ending at the highest level in nearly two years, as individual investors sn...
Aug 05, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor, LG to unveil jointly developed future car interior concept next month
Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...
Aug 03, 2020 (Gmt+09:00)
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South Korea's exports
[Economy] Korea exports drop by 16.6% hitting the lowest in 56 years
South Korea's exports have plunged 16.6% during the second quarter, hitting the lowest record in 56 years since the fourth quarter of 1963 when it fel...
Jul 23, 2020 (Gmt+09:00)
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Debt
Unsold corporate bonds may hit a record-high in seven years
Institutional investors are becoming wary of investing in Korean corporate bonds due to uncertainties caused by the coronavirus. As of July 20, t...
Jul 20, 2020 (Gmt+09:00)
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Asset allocation
NPS to ramp up global equities exposure over next 5 years
The National Pension Service (NPS) will continue to raise exposure to global equities over the next five years, despite concerns about the impact of t...
May 21, 2020 (Gmt+09:00)
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Real estate
Outbound real estate funds hit by first capital outflow in over 4 years
South Korea’s real estate funds for outbound investment saw their first net capital outflows in four and a half years in March, hit by delays in...
Apr 06, 2020 (Gmt+09:00)
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Alternative investment
Military Mutual Aid extends financial division CIO’s term by one year
The Military Mutual Aid Association (MMAA) has extended its financial division head’s term for another year to focus on the risk management asso...
Mar 27, 2020 (Gmt+09:00)
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Venture capital
Balance Hero banks on India's 1.3B with fintech
Expanding to India was a no-brainer decision for Lee Cheol-won."It took just five minutes to make the call," said Lee, CEO of Balance Hero, a financia...
Mar 05, 2020 (Gmt+09:00)
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M&A
Hyundai, Santander to acquire German car rental firm for $170 mn
Spain’s Banco Santander and Hyundai Capital Services Inc. have decided to buy a controlling stake in Sixt Leasing SE, a unit of German car renta...
Feb 20, 2020 (Gmt+09:00)
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Alternative investment
Meritz Sec commits $425 mn to India’s housing finance platform
Meritz Securities Co. Ltd. has committed $425 million to a housing finance platform in India as an anchor investor, in its first foray into the countr...
Nov 14, 2019 (Gmt+09:00)
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Hanwha Group units underwrite $240 mn debt on US car park operator
Hanwha Investment & Securities Co. Ltd. and two other financial arms of South Korea’s Hanwha Group have underwritten $240 million of a 30-year deb...
Sep 26, 2019 (Gmt+09:00)
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PE consortium exits from Coffee Bean in six years
A consortium of private equity firms led by the US-based Advent International Corp. has exited its investment in The Coffee Bean & Tea Leaf for a ...
Jul 26, 2019 (Gmt+09:00)
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Korean VC firms invest $26 mn in India, Vietnam start-ups
South Korean venture capital firms have invested a combined $26 million in Internet-based start-up companies in India and Vietnam, betting on the rapi...
Jul 19, 2019 (Gmt+09:00)
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Mirae Asset to exit from German building in two years for strong gain
Mirae Asset Global Investments Co. Ltd. is set to exit from an office building in Frankfurt with handsome gains, just two years after acquiring the 17...
May 23, 2019 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators