Chinese e-commerce platforms
Scope
Date
~
-
Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $895 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 02, 2021 (Gmt+09:00)
-
Platform investment
Naver plans over $1 bn bond issue in H1 to finance platform investment
Naver Corp., South Korea’s top online portal, plans a bond issue worth as much as 1.26 trillion won ($1.13 billion) in local and ove...
Jan 31, 2021 (Gmt+09:00)
-
Future mobility
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
Jan 27, 2021 (Gmt+09:00)
-
Korean startups
S.Korea's online fashion platform eyes global expansion
Online fashion platform Musinsa Co., a familiar name among Gen Zers and millennials in South Korea, is ready to go global. This month, the Korean co...
Jan 21, 2021 (Gmt+09:00)
-
Mergers & Acquisitions
Naver to acquire web novel platform Wattpad for $593 mn
South Korea’s portal giant Naver Corp. will acquire Wattpad, the world's largest web novel platform based in Toronto, for 653.2 billion wo...
Jan 20, 2021 (Gmt+09:00)
-
K-pop
NCSoft’s UNIVERSE fuels competition in K-pop entertainment platforms
South Korean game publisher NCSoft Corp. is fueling competition in the online entertainment platform market with the planned launch of its own app, ...
Jan 19, 2021 (Gmt+09:00)
language -
Mergers & Acquisitions
E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea
E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...
Jan 05, 2021 (Gmt+09:00)
language -
Korean startups
Live commerce app Grip posts over $22 mn in transactions
South Korea-based live commerce app Grip saw its cumulative transaction amount surpass 24 billion won ($22.2 million), just two years after its ince...
Jan 05, 2021 (Gmt+09:00)
-
Overseas orders
Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique
Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...
Dec 24, 2020 (Gmt+09:00)
-
Markets
Seoul shares tipped to benefit from global indices' China exclusions
Global index providers' recent decisions to remove Chinese companies from their benchmarks are expected to draw additional global and institutional ...
Dec 13, 2020 (Gmt+09:00)
-
Venture Capital
KDB backs $100 mn SE Asia fund of Korean, Chinese VC firms
South Korean venture capital firm SV Investment Corp, together with China’s Shenzhen Capital Group, will raise $100 million in the Korean VC's...
Dec 09, 2020 (Gmt+09:00)
-
Electric vehicles
Hyundai Motor unveils all-new electric vehicle platform E-GMP
Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...
Dec 02, 2020 (Gmt+09:00)
-
Joint Ventures
Kakao, Tencent join forces to tackle Chinese market
South Korea’s leading platform giant Kakao Corp. has joined hands with China’s tech giant Tencent Holdings Ltd. to tap into the Chinese ...
Dec 01, 2020 (Gmt+09:00)
language -
Korean startups
Fashion platforms Musinsa, Zigzag hit jackpot thanks to Gen Zers and millennials
South Korea’s online fashion apps are booming thanks to their ability to attract Gen Zers and millennials. This year, the top five players&r...
Dec 01, 2020 (Gmt+09:00)
-
Korean startups
Home interior platform nears unicorn status via $70mn funding
South Korea-based startup Bucketplace, an operator of home interior app OHouse, has raised $77 million in Series C funding, moving a step closer to ...
Nov 23, 2020 (Gmt+09:00)
-
Corporate strategy
Amazon, SK Telecom join hands in Korea e-commerce market
SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...
Nov 15, 2020 (Gmt+09:00)
-
Webtoons
Kakao webtoon platform Piccoma becomes No.1 grossing app worldwide
Kakao Corp., South Korea's platform giant, announced on Nov. 9 that its webtoon (digital comics) platform Piccoma has become the No. 1 grossing mobile...
Nov 09, 2020 (Gmt+09:00)
-
Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
-
Doosan Infracore
GS E&C challenges Hyundai Heavy in Doosan deal
GS Engineering & Construction Co. (GS E&C) has joined the bidding for a stake in Doosan Infracore Co. after the bid submission deadline, a mov...
Oct 22, 2020 (Gmt+09:00)
-
Chinese startups
SK, KTCU see gains from Chinese startup’s Nasdaq IPO
SK Group and the Korean Teachers’ Credit Union (KTCU) may walk away with handsome gains from their joint investment of 360 billion won ($314 mil...
Oct 16, 2020 (Gmt+09:00)
-
Korean Teachers' Credit Union
Korean teachers' fund pockets sweet returns from US cloud-based platform
The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...
Oct 12, 2020 (Gmt+09:00)
-
M&As
CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
-
M&As
CJ Logistics, NPS eyeing to sell Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
-
CJ Logistics, NPS eye sell-off of Chinese logistics unit
South Korea’s leading logistics firm CJ Logistics Corp. and the National Pension Service have reached out to logistics companies and global priv...
Oct 08, 2020 (Gmt+09:00)
-
Top Korean travel platform Yanolja to join startups lining up for IPOs
South Korea’s largest travel platform Yanolja is planning to list on the domestic stock market in 2022, paving the way for Singapore’s GIC...
Sep 29, 2020 (Gmt+09:00)
-
Tech
S. Korea's Kakao Work to rival Slack, messenger platform apps
Kakao Enterprise Corp., the artificial intelligence service unit of South Korea’s Kakao Corp., has launched a business messenger platform to com...
Sep 16, 2020 (Gmt+09:00)
-
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)
-
Entertainment
Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst
South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...
Sep 16, 2020 (Gmt+09:00)
-
Tech
Korean display makers poised to suffer from US ban on Chinese app WeChat
Korea’s two largest display panel makers – Samsung Display Co. and LG Display Co. – are widely expected to suffer from the US ban on...
Sep 14, 2020 (Gmt+09:00)
-
k-webtoon
How Korean platform giants disrupted the digital comics market with webtoons
South Korean webtoons (mobile and digital comics) are taking over the digital comics markets in Japan and the US. Market watchers claim it is&nbs...
Aug 20, 2020 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess