Mirae Asset Securities
Scope
Date
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Venture capital
KEB Hana secures 6% stake in Onmind, part of SK Square's porfolio
SK Square Co. announced on Monday that Onmind Inc., one of its portfolio companies, raised 2 billion won ($1.5 million) from KEB Hana Bank. The...
Nov 21, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's chipmaking unit raises initial base salary to match SK Hynix's
Samsung Electronics Co.'s device solutions (DS) division, which manufactures semiconductors and displays, has raised its initial annual base salary ...
Nov 18, 2022 (Gmt+09:00)
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Corporate bonds
KOGAS to sell $745 mn in hybrid securities despite jittery
The state-run Korea Gas Corp. is set to raise some 1 trillion won ($745 million) by issuing hybrid securities to lower its debt ratio although the d...
Nov 18, 2022 (Gmt+09:00)
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ESG
SK Geo Centric secures $363 mn in sustainability loans on favorable terms
SK Geo Centric Co., a South Korean petrochemical company, said on Tuesday it has secured 475 billion won ($363 million) in sustainability-linked loa...
Nov 15, 2022 (Gmt+09:00)
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Markets
HMM’s shares undervalued despite $12.5 billion in cashable assets
South Korea’s largest container line HMM Co. has seen its shares trapped in a boxed range for a protracted period despite its spectacular earn...
Nov 11, 2022 (Gmt+09:00)
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Batteries
LG Energy Solution diversifies supply chains to respond to US IRA
LG Energy Solution Ltd. has made a preemptive response to the Inflation Reduction Act of the US by securing the supply of lithium carbonate, a key m...
Nov 11, 2022 (Gmt+09:00)
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Private equity
Korean PE firms struggle with fundraising on illiquidity
South Korean private equity (PE) firms are having trouble fundraising as institutional investors' capital for new investment is drying up amid inter...
Nov 10, 2022 (Gmt+09:00)
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Corporate strategy
Korea Inc. accumulates cash as economic downturn deepens
South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...
Nov 07, 2022 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea's LS Cable to become KT Submarine's largest shareholder
South Korea’s leading cable manufacturer LS Cable & System Ltd. is poised to become the largest shareholder of undersea cable construction...
Nov 06, 2022 (Gmt+09:00)
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Batteries
SK On may secure money for capex from parent company
SK On Co., the world’s fifth-largest electric battery maker, may receive money for capacity expansion from its parent company SK Innovation Co...
Nov 04, 2022 (Gmt+09:00)
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Earnings
Doosan Bobcat, Doosan Group’s cash cow, set for record 2022 earnings
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, is poised to join the “one tril...
Nov 03, 2022 (Gmt+09:00)
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Aerospace & Defense
SpaceX to receive $44 mn injection from Korean high-net-worth individuals
South Korea’s Mirae Asset Securities Co., which committed $100 million to Elon Musk’s Space Exploration Technologies Corp. (SpaceX) in J...
Nov 03, 2022 (Gmt+09:00)
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Investment banking
Korea's KB Securities to earn market's 1st quadruple crown
In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...
Nov 03, 2022 (Gmt+09:00)
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Korean games
Korea's WeMade shakes off crisis, secures new investment
Korea's game development company WeMade has secured new investment worth 66 billion won ($46.4 million), breathing a sigh of relief after receiving ...
Nov 03, 2022 (Gmt+09:00)
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Leadership & Management
Select Korean companies seek to raise cash reserves
Several corporations have recently sold stocks and real estate apparently to boost liquidity and repay maturing debts amid the "three high" era of h...
Nov 03, 2022 (Gmt+09:00)
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Mergers & Acquisitions
EQT Partners to invest $1.4 bn in Korea's No. 2 physical security firm
Sweden’s EQT Partners AB is set to acquire a 36.87% stake in South Korean security services provider SK Shieldus Co. from a consortium led by ...
Nov 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Meritz Group likely to sell off its asset management arm
South Korea’s Meritz Financial Group Inc. is poised to sell off its subsidiary Meritz Asset Management Co., The Korea Economic Daily understoo...
Nov 01, 2022 (Gmt+09:00)
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Earnings
Meritz Securities posts positive third-quarter earnings surprise
Meritz Securities saw net profit rise 14% in the third quarter in stark contrast to other brokerages suffering from earning shocks due to the stock ...
Nov 01, 2022 (Gmt+09:00)
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Economy
Korea's stock deposits dip to lowest point since July 2020
Monthly average deposits for stock investment in South Korea are poised to drop below 50 trillion won ($35.1 billion) for the first time since July ...
Oct 31, 2022 (Gmt+09:00)
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ASK 2022
KIC to focus on tech ventures, private debt, infrastructure
Korea Investment Corporation (KIC) will continue to look for opportunities in private debt and venture capital investment with mid- to long-term gro...
Oct 26, 2022 (Gmt+09:00)
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Shareholder activism
Singapore PE firm proposes KT&G spin off ginseng biz
A Singaporean private equity firm has proposed a number of measures to KT&G Corp., the world’s fifth-largest tobacco maker, including a sp...
Oct 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Mirae Asset to invest $200 mn in Musk’s Twitter deal
Mirae Asset Financial Group is set to chip in some $200 million toward Tesla CEO Elon Musk’s $44 billion takeover of Twitter Inc. in acquisiti...
Oct 24, 2022 (Gmt+09:00)
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Asset management
Samsung Asset says to pursue global, active, bond-type ETFs
Samsung Asset Management Co., South Korea’s largest exchange-traded fund (ETF) manager, will focus on global, active and bond-type ETFs, as we...
Oct 17, 2022 (Gmt+09:00)
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RFPs
Korean Presbyterian pension to tap GPs for alternative assets, equity
Pension Foundation of Presbyterian Church of Korea (PCK Pension), a South Korean retirement plan for pastors and churches, is poised to hire several...
Oct 13, 2022 (Gmt+09:00)
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Batteries
SK On in 10-year lithium deal with Australia’s Lake Resources
SK On Co., a leading South Korean battery maker, said on Wednesday it has signed a long-term contract to procure lithium, a key battery material, fr...
Oct 12, 2022 (Gmt+09:00)
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Korean chipmakers
KLA to stop chip tool supply to customers in China: Report
US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...
Oct 12, 2022 (Gmt+09:00)
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Private equity
Hahn & Co. to sell off Korea's major biofuel maker SK Eco Prime
South Korean private equity firm Hahn & Company is set to put a 100% stake in biofuel manufacturer SK Eco Prime on sale, with Goldman Sachs as a...
Oct 07, 2022 (Gmt+09:00)
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Corporate bonds
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
Oct 07, 2022 (Gmt+09:00)
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Cryptocurrencies
Bitcoin is not money: South Korean court
A South Korean court judged that Bitcoin, the world’s leading virtual currency, is not money and therefore the cryptocurrency is not subject t...
Oct 06, 2022 (Gmt+09:00)
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Asset management
IGIS names fixed income expert Jang as head of equity, debt
IGIS Asset Management Co., South Korea’s largest real estate investment firm managing $46.5 billion in assets as of end-2021, said on Tuesday ...
Oct 05, 2022 (Gmt+09:00)
Latest News
- 1 SK Hynix leads Samsung in customized HBM; lands Nvidia, Microsoft deals
- 2 South Korea unveils $14.6 billion 2nd extra budget to reinvigorate economy
- 3 Mirae Asset debuts AI-recommended ETF on NYSE to invest in US bonds
- 4 POSCO inducted into World Steel Dynamics’ Hall of Fame
- 5 Lockheed Martin, KAI to expand partnership to future defense, aerospace tech