Hanao Bank CEO Lee Seung-lyul
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Business & Politics
Samsung likely to announce US foundry investment plan this week
Samsung Electronics Co. is expected to announce an investment plan for its second US-based semiconductor foundry plant this week. As the South Kor...
Nov 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Doosan sells E&C, closer to exiting self-rescue program
South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a ...
Nov 19, 2021 (Gmt+09:00)
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Business & Politics
Jay Y. Lee meets Verizon CEO and Moderna co-founder
Samsung Electronics Co. Vice Chairman Jay Y. Lee has met with biopharmaceutical conglomerate Moderna’s co-founder and telecommunications g...
Nov 18, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Millennial tapped to head online giant Naver
Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...
Nov 17, 2021 (Gmt+09:00)
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Business & Politics
Samsung heir Lee on US trip for foundry investment, COVID vaccines
Jay Y. Lee, vice chairman and de facto leader of South Korea’s top conglomerate Samsung, has embarked on a business trip to North America to f...
Nov 14, 2021 (Gmt+09:00)
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Private equity
AIIB commits $60 mn to STIC Asia Infra Innovation Fund
The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...
Nov 12, 2021 (Gmt+09:00)
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[ASK 2021] European NPL market growth creates investment opportunities
Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...
Nov 08, 2021 (Gmt+09:00)
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Automobiles
Hyundai mulls reentry into Japan with EVs, FCEVs
Hyundai Motor Co. is considering a return to Japan with electric vehicles and fuel cell electric vehicles after South Korea’s top carmaker r...
Nov 08, 2021 (Gmt+09:00)
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Private equity
MBK's Lee listed among Forbes' power Asia businesswomen
MBK Partners' first female partner Lee In-kyung has made it to the list of Forbes Asia's 20 power businesswomen published in its November issue. For...
Nov 04, 2021 (Gmt+09:00)
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Arrow Global
[ASK2021] European Banking Sector Dislocation: The Non-Performing Credit Opportunity
Arrow Global is a leading European investor and alternative asset manager focused on the European distressed space, backed by sophist...
Nov 03, 2021 (Gmt+09:00)
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Investment banking
Goldman promotes TMT banker to MD in Seoul
Goldman Sachs Group Inc. on Nov. 2 announced the promotions of two Korean executive directors in its Seoul office to managing directors (MDs), the b...
Nov 03, 2021 (Gmt+09:00)
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Korean startups
AI human developer MINDs Lab aims for November IPO
South Korea’s top artificial intelligence (AI) developer MINDs Lab Inc. is aiming to list on the Kosdaq market within this month. While the ...
Nov 03, 2021 (Gmt+09:00)
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Entertainment
SM Entertainment founder’s final audition: New owner
“It was not like an M&A negotiation but rather an audition by Lee Soo-man,” said a source at a company that is looking to buy a stak...
Nov 01, 2021 (Gmt+09:00)
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Banking & Finance
Korea mulls allowing banks to adopt Toss' super-app strategy
South Korea's top financial regulator is considering allowing banks to provide basically all financial services in single apps, emulating fintech pl...
Oct 29, 2021 (Gmt+09:00)
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ASK 2021
KIC to raise alternative investments to 25% by 2027
Korea Investment Corp. (KIC) plans to increase alternative investments to a quarter of its portfolio by 2027 from the current 16%, its CEO Jin Seoun...
Oct 27, 2021 (Gmt+09:00)
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Banking & Finance
Citibank Korea to shut down retail business in phases
Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...
Oct 25, 2021 (Gmt+09:00)
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M&As
Edison CEO aspires to be Korea’s Elon Musk with Ssangyong takeover
Kang Young-kwon, chairman and chief executive of South Korea’s Edison Motors Co., was virtually unheard of in the country’s automobile i...
Oct 22, 2021 (Gmt+09:00)
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Battery materials
Enchem: A Samsung hive-off that turns into an electrolyte giant
When Cheil Industries, a former chemical unit of South Korea’s largest conglomerate Samsung Group, decided to hive off a business unit that ma...
Oct 15, 2021 (Gmt+09:00)
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Private equity
Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant
Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...
Oct 13, 2021 (Gmt+09:00)
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Future mobility
Hyundai-led autonomous industry association to launch in October
South Korea’s leading mobility company Hyundai Mobis Co. will be heading the country’s new industry association of autonomous driving ma...
Oct 12, 2021 (Gmt+09:00)
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Autodesk CEO
Digital transformation, a matter of life and death: Autodesk CEO
SILICON VALLEY – One of the things that have drastically changed the business environment in the pandemic era is the prevalence of companies t...
Oct 07, 2021 (Gmt+09:00)
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Fintech
Toss Bank debuts amid government's tightening of loans
South Korean government’s toughening stance on household loans is having a direct impact on the fast-growing internet banks in the country. Th...
Oct 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Morgan Stanley remains top advisor for S.Korea Q3 M&As
Morgan Stanley remained the top M&A advisor in South Korea in the third quarter of this year, according to data compiled by market tracker FnGui...
Oct 01, 2021 (Gmt+09:00)
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ESG
BOK to exclude high emitters from FX reserves portfolio
The Bank of Korea (BOK) is planning to exclude the bonds and equities issued by high carbon emitters from its foreign reserves portfolio in stages, ...
Sep 28, 2021 (Gmt+09:00)
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Hydrogen economy
Korea Zinc expands from smelter to hydrogen, battery materials maker
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to add a couple of new sectors to the list of its new growth drivers: green h...
Sep 27, 2021 (Gmt+09:00)
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Pension funds
Teachers' Pension CIO to enter 1-yr extended term
The Teachers' Pension in South Korea has extended the term of its Chief Investment Officer Lee Kyu-hong by one year until the end of September 2022,...
Sep 27, 2021 (Gmt+09:00)
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Alternative investments
KB Fin, Shinhan invest in Sweden's wind farm via joint fund
South Korea's two banking giants -- KB Financial Group and Shinhan Financial Group -- have invested a combined 80 billion won ($68 million) in a win...
Sep 17, 2021 (Gmt+09:00)
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Batteries
SK Innovation shareholders approve battery split-off; 2022 IPO unlikely
Shareholders of South Korea’s SK Innovation Co. on Thursday approved the company's plan to separate its battery business into a new entity.Und...
Sep 16, 2021 (Gmt+09:00)
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Corporate bonds
Industrial Bank of Korea to sell $500 mn bond at lower cost
Industrial Bank of Korea (IBK) is slated to raise $500 million in dollar corporate bond at a lower-than-planned cost on strong demand.IBK decided to...
Sep 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KDB chairman urges FTC to approve merger of Korean Air, Asiana
A speedy approval by South Korea’s top antitrust regulator of the proposed merger of Korean Air Lines Co. (KAL) and its local rival Asiana Air...
Sep 14, 2021 (Gmt+09:00)
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Latest News
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- 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