Korean ATM maker hits jackpot abroad in cashless society

Korean ATM maker hits jackpot abroad in cashless society

Sberbank of Russia, the country's No.1 bank, unveiled its cutting-edge automated teller machine (ATM) last month in a virtual event. The newly reveale...

Korean M&A industry may reconsider leveraged buyouts

Korean M&A industry may reconsider leveraged buyouts

South Korea’s M&A market may reconsider leveraged buyouts due to the Supreme Court’s remanding of the case involving Sun Jong-koo, the...

KKR buys $386 mn stake in Korean sewage disposal firm

KKR buys $386 mn stake in Korean sewage disposal firm

KKR & Co. has purchased a combined 440.8 billion won ($386 million) worth of shares in TSK Corp., a leading South Korean sewage and wastewater tre...

KED to host alternative investment summit for Korean, global asset managers

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...

Korean IPOs lose steam as Big Hit shares plummet

Korean IPOs lose steam as Big Hit shares plummet

Big Hit Entertainment Co., the South Korean entertainment agency behind global sensation BTS, saw its shares drop by as much as 22% on Oct.16, the sec...

Credit Suisse says Korean stocks remain cheap

Credit Suisse says Korean stocks remain cheap

South Korean bourses may have been Asia’s top performers since global stock markets hit troughs in March, but the country remains Credit Suisse'...

IMM PE seeks to exit Korean power cable maker

IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 mill...

KED to host alternative investment summit for Korean, global asset managers

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...

Korean teachers’ fund keen on equities, M&A deals

Korean teachers’ fund keen on equities, M&A deals

The Korean Teachers’ Credit Union (KTCU), a $29 billion savings fund, will increase its exposure to equities markets and M&A financing deals...

Korean mobile game developer buys out German rival

Korean mobile game developer buys out German rival

South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...

Korean teachers' fund pockets sweet returns from US cloud-based platform

Korean teachers' fund pockets sweet returns from US cloud-based platform

The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...

Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund

Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund

South Korean pension and savings funds, including the Yellow Umbrella Mutual Aid Fund and the Korea Scientists and Engineers Mutual-aid Association (S...

Korean men in pink, disrupting traditional fashion

Korean men in pink, disrupting traditional fashion

Global K-pop sensation BTS made headlines when they all dressed in pink for their "Boy with Luv" music video. The color pink, a so-called feminine c...

Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal

Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal

Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...

Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down

Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down

South Korean brokerage firms, having scooped up $20 billion worth of overseas real estate deals over the past three years, are now saddled with $7 bil...

China’s CATL poised to overtake LG Chem as top EV battery maker

China’s CATL poised to overtake LG Chem as top EV battery maker

Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...

Felt Coffee introduces minimalism to Korean coffee shops

Felt Coffee introduces minimalism to Korean coffee shops

Two years ago, a new coffee shop appeared in Gwanghwamun, one of the busiest office districts in Seoul, redirecting the daily traffic of businesspeo...

Top Korean travel platform Yanolja to join startups lining up for IPOs

Top Korean travel platform Yanolja to join startups lining up for IPOs

South Korea’s largest travel platform Yanolja is planning to list on the domestic stock market in 2022, paving the way for Singapore’s GIC...

Korean 100-year-old traditional house becomes trendy destination for cafe-goers

Korean 100-year-old traditional house becomes trendy destination for cafe-goers

The life of a building emulates the human experience more than we suspect -- encountering countless number of people, wearing down with age, and event...

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

South Korean financial regulators are considering introducing flat-rate underwriting fees for initial public offerings, in a move seen aimed at coolin...

Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn

Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn

South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, is seeking to raise over 1 trillion won ($852 millio...

Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...

Korea’s tractor and farm machinery maker envisions smart mobility firm

Korea’s tractor and farm machinery maker envisions smart mobility firm

Daedong Industrial Co., South Korea’s leading tractor and farm machinery maker, aims to transform into a smart mobility company, applying a...

S. Korean automakers rise despite stronger Korean currency

S. Korean automakers rise despite stronger Korean currency

Shares of Hyundai Motor Co. and Kia Motors Corp. are rising despite the rising trend in the value of the Korean won versus the dollar, which usually w...

Korean won rebounds to pre-pandemic level; more gains seen until US election

Korean won rebounds to pre-pandemic level; more gains seen until US election

The South Korean won leapt to its highest close in eight months against the dollar on Sept. 18, powered by foreign investors’ week-long stock bu...

Korean Air seeks to sell 73-story skyscraper amid financial woes

Korean Air seeks to sell 73-story skyscraper amid financial woes

Korean Air Lines. Co. is reaching out to overseas investors to gauge their interest in acquiring Wilshire Grand Center, a landmark building in Los Ang...

NPS to cease paying management fees for Korean PEF project funds

NPS to cease paying management fees for Korean PEF project funds

The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...

Korean pensions sell off net $2.6 bn in domestic equities since August

Korean pensions sell off net $2.6 bn in domestic equities since August

South Korea’s pension funds including the National Pension Service sold off a net 3.12 trillion won ($2.6 billion) worth of domestic equities fr...

HYBE to bring K-pop idol playbook to India, tapping local talent POSCO sets sights on lithium production in US Goldman Sachs acquires Mercure Ambassador: 1st stint with Korean hotel sector S.Korea’s pension fund NPS posts much weaker returns amid US tariff concerns S.Korea names budget veteran as finance minister to prop up economy