Underage stock investors surge with decent gains in Korea

The number of investors under age 18 is rising in South Korea, posting even higher gains from their stock purchases than adults.According to 10 dome...

Hanwha Solutions acquires French renewable firm RES for $860 million

Hanwha Solutions Corp., the energy unit of chemicals-to-financial conglomerate Hanwha Group, is acquiring a 100% stake in RES Mediterranee SAS, a Fr...

Korean activist fund KCGI joins in consortium to buy Ssangyong

A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) as a financial invest...

Kakao to strengthen subscription services after Q2 results

Kakao Corp. this year has reported the highest second-quarter earnings in company history.Its regulatory filing on Aug. 6 posted an operating profit...

KKR, IMM PE in bid for SK E&S' $2 bn preferred shares

KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...

Samsung Group joins Kakao in Bank of Korea’s digital currency project

Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...

Netmarble bets $2.2 bn on global social casino game market

South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...

CJ joins race for over $200 mn stake in SM Entertainment

South Korea's entertainment- and food-focused CJ Group has emerged as a darkhorse to buy a controlling stake worth about 300 billion won ($260 milli...

Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse

South Korean private equity (PE) firm Hahn & Co.’s deal to acquire Namyang Dairy Products is at risk of collapse as the owner and his fami...

CS Wind buys Portugal's offshore wind energy firm

CS Wind Corp., the global leader in the wind tower market, has agreed to buy a majority stake in Portugal's largest wind tower manufacturer ASM Indu...

GS Group invests $26 mn in Kakao Mobility

South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...

GIC set to buy stake in Starbucks Korea for $700 mn

Singapore's sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse ...

Kakao Pay delays IPO following regulator request to refile prospectus

Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...

Kakao’s Ground X to work on Korea central bank digital currency initiative

Kakao Corp.’s blockchain arm Ground X was selected as a simulator for the Bank of Korea-led central bank digital currency (CBDC) project, beat...

Hyundai Oilbank set to sell oil storage arm ahead of IPO

Hyundai Oilbank Co., a South Korean refiner, is selling a majority stake in its wholly owned Hyundai Oil Terminal Co. to a Seoul-based private equit...

Kakao Pay must refile IPO registration statement to FSS

South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...

Blackstone may team up with Mahle to buy Hanon Systems

The Blackstone Group is in discussions with German automotive parts manufacturer Mahle GmbH to make a joint bid for South Korea's Hanon Systems Corp...

IMM PE to buy $1.3 bn stake in Korea’s top furniture brand Hanssem

Hanssem Co., South Korea’s largest furniture and home furnishing company, said on Wednesday its honorary chairman and other key shareholders h...

Naver vs Kakao: Webtoon rivalry extends to superheroes

The fierce competition over webtoons between Naver Corp. and Kakao Corp. enters another round as the two South Korean platform giants join forces wi...

Defense stocks rally in response to China Xi's speech

South Korean manufacturers of jet fighters, aircraft engines and weapon systems saw their share prices soaring in heavy trade on Monday, powered by ...

LG invests $88 mn in Kakao Mobility as both seek new growth opportunities

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...

NPS buys Australian building for $900 mn to diversify investment

South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...

Kakao Pay eyes August listing, seeks to raise near $2 bn

South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...

Online players head S.Korea's biggest month for IPOs

South Korea's initial public offering market in July is expected to see its largest-ever amount of share issues for a single month, worth over 8 tri...

Naver expands ties with CJ Group into OTT platform

South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OTT) services provider TV...

Mid-sized Jungheung to buy Daewoo E&C as part of global expansion plan

South Korea’s construction firm Jungheung Construction Co., in a move to strengthen its global foothold, is buying its much larger-sized rival...

KakaoBank’s $2.3 bn IPO set to alter Korea’s banking landscape

KakaoBank Corp., the mobile banking unit of online messaging app giant Kakao Corp., is looking to raise as much as 2.55 trillion won ($2.26 billion)...

NH Financial to buy $20 mn stake in Japan's solar farm

South Korea's NongHyup Financial Group, or NH Financial Group, has acquired a stake in a solar power plant in Japan from Korea Electric Power Corp. ...

Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout

Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...

Synopsys buys S.Korean fab data tech company

Synopsys Inc., a US software developer, has signed an agreement to acquire full ownership of BISTel, South Korea's top-ranked smart manufacturing so...