South Korean govt likely to extend short-selling ban on resurging coronavirus concerns

South Korean govt likely to extend short-selling ban on resurging coronavirus concerns

The South Korean government is leaning toward extending the six-month ban on short selling amid a climate of economic uncertainty, said Finance Minist...

KKR wraps up $739 mn purchase of Korean waste management firms

KKR wraps up $739 mn purchase of Korean waste management firms

KKR & Co. of the US has finalized the 875 billion won ($739 million) purchase of two South Korean waste treatment companies after completing its f...

Record-high Q2 Korean household debt heats up property, stock markets

Record-high Q2 Korean household debt heats up property, stock markets

South Korea’s household debt surged to the highest level in its history in the second quarter of the year, led by soaring mortgage loans and sec...

Korean retail investors' offshore stock purchases hit record high in July

Korean retail investors' offshore stock purchases hit record high in July

South Korean individuals purchased a record amount of shares in overseas markets last month as they looked beyond the local bourse for bigger returns....

How Korean platform giants disrupted the digital comics market with webtoons

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...

SK Eng beats Goldman, Keppel in $846 mn bid for Korean waste treatment firm

SK Engineering & Construction Co. Ltd. has beat Goldman Sachs Merchant Banking Division, Singapore’s Keppel Infrastructure Holdings and two ...

Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General

Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General

AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...

Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal

Korean Air, Hahn & Company closer to finalizing $845 mn in-flight meal service deal

Korean Air Lines Co. and local private equity firm Hahn & Company may sign the share purchase agreement (SPA) for the flag carrier’s in-flig...

Korean EV battery makers' shares tumble on Morgan Stanley downgrade

Korean EV battery makers' shares tumble on Morgan Stanley downgrade

Shares of South Korea’s three leading electric-vehicle (EV) battery makers LG Chem Ltd, SK Innovation Co. and Samsung SDI Co. fell 5% on August ...

Korean shipyards retake global top spot in July with pricey LNG vessels

Korean shipyards retake global top spot in July with pricey LNG vessels

South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...

Korean telecom giant KT to issue $400 mn dollar bond in August

Korean telecom giant KT to issue $400 mn dollar bond in August

South Korea’s telecom giant KT Corp. plans to raise $400 million by issuing a dollar-denominated bond around the end of August, according to inv...

Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

Goldman, Keppel Infrastructure, SK Eng vying for top Korean waste disposal firm

Goldman, Keppel Infrastructure, SK Eng vying for top Korean waste disposal firm

South Korea’s largest waste treatment company EMC Holdings Co. Ltd. has drawn binding bids from Goldman Sachs Principal Investment Area (PIA) Gr...

Korean dramas push cultural content exports beyond $10 billion

Korean dramas push cultural content exports beyond $10 billion

Korean dramas are becoming a worldwide phenomenon as they rise steadily to become one of Korea's major exports - even in countries that harb...

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

NH Investment beats Korean rival in a bold bet on $400 mn Aussie-NZ infra portfolio

NH Investment beats Korean rival in a bold bet on $400 mn Aussie-NZ infra portfolio

A consortium led by NH Investment & Securities Co. Ltd. has been named as a preferred buyer for infrastructure assets worth $400 million in Austra...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

Korean stocks end at highest level in 2 years as ants load up

Korean stocks end at  highest level in 2 years as ants load up

South Korean shares rallied for a second consecutive session on Wednesday, ending at the highest level in nearly two years, as individual investors sn...

Korean game platform seeks $323 mn IPO in non-contact business boom

Korean game platform seeks $323 mn IPO in non-contact business boom

Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...

Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers

Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers

The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...

Why Korean won lacks luster, despite dollar’s weak trend

Why Korean won lacks luster, despite dollar’s weak trend

The South Korean won has been stuck in a range between 1,190 and 1,210 to the US dollar in the past two months, down 3% since the start of the year, d...

Korean travel platform My Real Trip raises $36 million amid sluggish travel industry

Korean travel platform My Real Trip raises $36 million amid sluggish travel industry

My Real Trip, Korea’s leading online travel platform, has received 43.2 billion won ($36 million) in funding from domestic and overseas investor...

Korean investors jointly set up a $770 million SPC to invest in KKR funds

Local institutional investors have injected $500 million (600 billion won) into a special purpose company to invest in diverse funds managed by privat...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

Korean PE IGIS unwillingly drops residential project amid political pressure

Korean PE IGIS unwillingly drops residential project amid political pressure

Korea-based IGIS Asset Management has announced plans to drop its renovation project of an 11-story apartment, an unwilling decision triggered by...

US insurer Cigna to put Korean life insurance arm up for sale

US insurer Cigna to put Korean life insurance arm up for sale

The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...

Local activist fund announces tender offer for 1.2 million warrants in Korean Air's parent company

A Korean activist fund that failed to oust Hanjin KAL's current management during a shareholder meeting in March is trying to increase its stake ...

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...

[Survey] Korean investors upbeat on infrastructure, aircraft leasing in 2017

[Survey] Korean investors upbeat on infrastructure, aircraft leasing in 2017

Major South Korean pension funds and insurers are planning to expand offshore infrastructure portfolios next year, and zooming in on aircraft finance ...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot