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Heavy household borrowing fans Korea’s asset market overheating

Heavy household borrowing fans Korea’s asset market overheating

South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...

Korea Post commits €80 mn to Sweden's EQT Partners

Korea Post commits €80 mn to Sweden's EQT Partners

Korea Post's insurance arm has committed €80 million ($97 million) to a new flagship fund of Swedish private equity firm EQT Partners that rais...

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

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...

S.Korea: 11th in global export market for top-ranked items

S.Korea: 11th in global export market for top-ranked items

South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...

Lifted short sale ban blamed for Korea ETF redemption

Lifted short sale ban blamed for Korea ETF redemption

The lifting of South Korea's short-selling ban on large-cap stocks on Monday could be blamed for the recent heavy outflows from US-listed exchange-t...

CVC names ex-Affinity Equity top manager as Korea head

CVC names ex-Affinity Equity top manager as Korea head

CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...

K-beauty boom makes S.Korea the fourth-largest cosmetics exporter

K-beauty boom makes S.Korea the fourth-largest cosmetics exporter

Cosmetics industry sees continued export growth for two straight decades K-beauty has emerged as a global trend, thanks to the development of innov...

Korea’s major firms look for M&A targets in battery materials business

Korea’s major firms look for M&A targets in battery materials business

South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...

Sejong Univ. unveils Korea's first cultured meat prototype

Sejong Univ. unveils Korea's first cultured meat prototype

Sejong University in Seoul, South Korea has unveiled a cultured meat prototype for the first time in the country.Cultured meat is an alternative pro...

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...

Korea’s Busan port congestion worsening with boxes stacked, ships delayed

Korea’s Busan port congestion worsening with boxes stacked, ships delayed

At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...

Korea bourse tries to halt unicorns following Coupang in US IPO

Korea bourse tries to halt unicorns following Coupang in US IPO

The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...

Naver aims to overtake Chrome in Korea with own browser Whale in 3 years

Naver aims to overtake Chrome in Korea with own browser Whale in 3 years

South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...

Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...

Wonbang Tech: S.Korea’s leading chip clean room company

Wonbang Tech: S.Korea’s leading chip clean room company

The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore joins as advisor for S.Korea’s Hanon Systems stake sale

Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

SK Group’s holding firm aims to become Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co. made a rare public remark during a March shareholder meeting, saying t...

Hanwha challenges monopoly in S.Korea’s nitric acid sector

Hanwha challenges monopoly in S.Korea’s nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...

Korea’s Netflix blockbuster Space Sweepers receives global viewership

Korea’s Netflix blockbuster Space Sweepers receives global viewership

Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a gro...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

Korea has vital role in a green post-COVID world

Korea has vital role in a green post-COVID world

Rapid development and roll-out of COVID-19 vaccines globally are occupying the headlines of major media outlets. We are now well over a year into the ...

Citibank Korea's retail arm sale may fuel M&A market

Citibank Korea's retail arm sale may fuel M&A market

Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fi...

Kakao Bank applies for preliminary review of 2021 IPO

Kakao Bank applies for preliminary review of 2021 IPO

Kakao Bank, South Korea's No.1 mobile banking app., has kicked off the process to go public by applying for a preliminary review of its stock market...

GM Korea to halt 2 main plants next week on automotive chip shortage

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

IMF warns against South Korea's debt explosion

IMF warns against South Korea's debt explosion

South Korea needs to closely monitor government spending to avoid a future debt explosion given its rapidly aging population, according to a senior ...

Smilegate becomes 5th game firm to join trillion won club

Smilegate becomes 5th game firm to join trillion won club

Smilegate Entertainment Inc. has become the fifth South Korean game company to join the trillion won club, as it posted a revenue of 1.73 trillion w...

Global infra boom revives S.Korea’s heavy equipment sector

Global infra boom revives S.Korea’s heavy equipment sector

South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 201...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

Outback Steakhouse Korea put up for sale by PEF

Outback Steakhouse Korea put up for sale by PEF

South Korea-based private equity firm Skylake Equity Partners is seeking to sell a 100% stake in Outback Steakhouse Korea, as the PE firm and sale m...

Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking Hana Asset launches ultra-low-fee Nasdaq 100 ETF Even barcodes copied: Counterfeits invasion threatens K-brands

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