SKT to spin off; 5-for-1 stock split in November

South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...

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...

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...

SK Nexilis, POSCO move forward with EV battery materials projects

With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...

Survival of the richest: Coupang corners Baemin

South Korea's e-commerce giant Coupang Corp. is ready to take over the food delivery market via aggressive investments -- a move that is pressuring ...

Jeju Beer aims to be S.Korea's 4th-biggest brewer by 2022

South Korea’s leading craft beer maker Jeju Beer Co. aims to be among the country's top four breweries by the end of 2022, planning to use its...

Riding cargo boom, H-Line Shipping resumes IPO process

H-Line Shipping Co., South Korea's second-largest bulk transportation company, has resumed its initial public offering process after three years, as...

Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot

Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...

Samsung SDI Q1 sales at all-time high, says VW’s battery move long shot

Samsung SDI Co., one of South Korea's top three electric vehicle battery makers, saw its first-quarter revenue profit jump on solid demand with its ...

Korean LED maker moves up to 3rd place; CEO still growing hair

Seoul Semiconductor Co., whose founder and CEO has not cut his hair since 2018 to concentrate on patent lawsuits, has moved up one notch to third pl...

Market jitters grow over Korean battery shares after VW’s decision

Market jitters over South Korea’s battery makers are growing after Volkswagen AG’s announcement on Monday that it will make batteries in...

Jeju Beer gets the nod for H1 Kosdaq listing

South Korea’s leading craft beer maker Jeju Beer Co. is set to go public in the first half of this year, following the Korea Exchange's approv...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

Internet portal Naver in negotiations to buy Korea’s Jeju Bank

Naver Corp., South Korea’s top online portal, is interested in buying Jeju Bank, named for and based on the country's largest island, to secur...

GS Caltex to showcase drone delivery, future gas stations at CES 2021

GS Caltex Corp., a South Korean oil refiner aiming to become a serious logistics player by navigating hard-to-access areas for delivery, is looking ...

Shinhan seeks to acquire stake in JV with BNP Paribas in split move

Shinhan Financial Group is seeking to acquire a stake held by BNP Paribas in a joint venture in what is widely seen as the South Korean holding compan...

Korea's largest H&B franchise launches pre-IPO targeting PEFs

South Korean health and beauty franchise CJ Olive Young has sent teaser letters to potential buyers, including domestic and overseas private equity fu...

South Korea moves in on overseas coal project financing ban

South Korea's parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deal...

Hanwha eyes gains running hydrogen fueling stations for US startup

Hanwha Group may exercise its rights to operate more than 700 hydrogen fueling stations to be built across the US and Canada by US hydr...

KIC's moving out of Seoul gains momentum after April election

The South Korean government is expected to push ahead with the plan to move Korea Investment Corporation (KIC) and other public agencies to provincial...

US gas stations deal secures $130 mn debt from Korea: report

Korea Investment & Securities Co. Ltd. committed $130 million to a subordinated debt on a portfolio of 190 gas stations in the US Midwest last wee...

KTB Asset invests in refinanced loan on Union Station

KTB Asset Management Co. Ltd. has invested an undisclosed amount in a debt secured on Union Station in Washington D.C. on behalf of three South Korean...

KIC head to move to Korea Export-Import Bank as CEO

Sung-soo Eun, the chief executive of Korea Investment Corporation (KIC), was nominated as head of the Export-Import Bank of Korea, about one and a...

Ex-NPS global alternatives heads move to Korean law firms as advisors

Two former global alternative investment heads of South Korea’s National Pension Service (NPS) moved to the country’s top law firms to advise on alter...

Korean regulator moves to scrutinize savings funds’ financial health

South Korea’s savings funds may come under direct supervision of the country’s top financial watchdog as the Financial Services Commission (FSC) is se...

NPS replaces global alternative head in internal moves of senior managers

The National Pension Service (NPS) appointed its domestic alternative division head, Sang-Hyun Yoo, as the new head of the global alternative division...

[Editor's Note] Moves: KIC greets new CIO; NPS lets three senior managers go, ahead of office relocation

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund managing $96 billion foreign exchange reserves, has recently named Kang Shin-w...

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., the co...