New WON Banking
Scope
Date
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Pre-IPOs
SK On seeks $2.5 bn in new funding for battery plants
SK On Co., one of South Korea's top three rechargeable battery makers, plans to raise around 3 trillion won ($2.5 billion) in a pre-IPO share sale n...
Nov 25, 2021 (Gmt+09:00)
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Banking & Finance
Bank of Korea raises interest rates, signals further hikes
South Korea’s central bank increased its policy interest rate for the second time in three months and signaled further hikes to stem rising in...
Nov 25, 2021 (Gmt+09:00)
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Shareholder activism
US activist fund to face off with IMM PE over Hanssem
Teton Capital Partners, a US-based activist fund, has taken legal action to block IMM Private Equity from exercising its management rights over Hans...
Nov 24, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung’s $17 billion new chip plant in Taylor aims to rein in TSMC
Samsung Electronics Co. has officially announced its plan to build a $17 billion chipmaking plant in Taylor, Texas, as the tech giant aims to overta...
Nov 24, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu evolves from outlier to qualified investor in Woori
"It caused quite a commotion in our industry." This was the common response by cryptocurrency exchange insiders to the news that Dunamu Inc., an ope...
Nov 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Doosan sells E&C, closer to exiting self-rescue program
South Korea's Doosan Group on Friday inked an agreement to sell a majority stake in Doosan Engineering & Construction Co. (Doosan E&C) to a ...
Nov 19, 2021 (Gmt+09:00)
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Pharmaceuticals
Samsung Biologics wins another Eli Lilly COVID treatment order
Samsung Biologics Co., a global contract development and manufacturing organization (CDMO), has stepped up its partnerships with global big pharmas ...
Nov 19, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Korea Sindoh unveils cutting-edge 3D printer under new brand fabWeaver
Sindoh Co., South Korea’s top 3D printer maker, unveiled a state-of-the-art 3D printer under its new premium brand fabWeaver as it aims to exp...
Nov 18, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood to join GS' acquisition of S&I E&C
South Korea’s construction conglomerate GS Engineering & Construction Co. said on November 17 that it has selected Korean private equity...
Nov 18, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Millennial tapped to head online giant Naver
Naver Corp. has chosen Choi Soo-yeon, 40, to lead the top online platform in South Korea, in the 22-year-old company's most dramatic top management ...
Nov 17, 2021 (Gmt+09:00)
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Private equity
MBK closes SSF II at $1.8 bn, largest Asian SSF since 2019
South Korea’s MBK Partners, one of the largest private equity firms in Asia, said it has raised $1.8 billion for its second special situations...
Nov 17, 2021 (Gmt+09:00)
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Waste treatment
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...
Nov 16, 2021 (Gmt+09:00)
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Earnings
Mirae Asset Global Investments posts record-high Q1-Q3 net profit
Mirae Asset Global Investments Co. announced on Nov. 15 that its operating profit and net profit for the first three quarters came in at 312.4 bil...
Nov 16, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Amazon poised for Fire tablet launch in Korea next year
Amazon, the world’s largest online shopping mall, is set to release its own Fire tablets in South Korea from as early as next year, penetratin...
Nov 15, 2021 (Gmt+09:00)
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Private equity
AIIB commits $60 mn to STIC Asia Infra Innovation Fund
The Asian Infrastructure Investment Bank (AIIB) has committed $60 million to the STIC Asia Infrastructure Innovation Fund managed by South Korea&r...
Nov 12, 2021 (Gmt+09:00)
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Automobiles
Genesis House New York: An oasis in Manhattan
Hyundai Motor Co., South Korea’s top automaker, is opening Genesis House New York, a sophisticated showroom, in the trendy Meatpacking Distric...
Nov 12, 2021 (Gmt+09:00)
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Blockchain
NCSoft to unveil NFT-based, play-to-earn games in 2022
NCSoft Corp., South Korea's leading game developer, will dip its toes into the realm of the blockchain and non-fungible tokens (NFT) by releasing pl...
Nov 11, 2021 (Gmt+09:00)
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Retail
SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...
Nov 11, 2021 (Gmt+09:00)
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Korean startups
Home interior app seeks new funding at over $ 1 bn valuation
South Korea's Bucketplace Co., an operator of the country's largest home interior platform, is seeking to raise about 100 billion won ($85 million) ...
Nov 10, 2021 (Gmt+09:00)
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Private equity
Orchestra PE buys Korean pizza brand Banolim
Orchestra Private Equity set up Orchestra Private Equity IV (OPE IV) to invest $32 million in Korea’s pizza chain operator Banolim Food Co. an...
Nov 10, 2021 (Gmt+09:00)
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Alternative Investments
Korea's major LPs to focus on core assets in US and Europe
The chief investment officers of 10 South Korean major limited partners (LPs), including pension funds, mutual aid associations and life insurance c...
Nov 09, 2021 (Gmt+09:00)
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Pension funds
NPS selects four Korean VCs to invest 150 bn won
The National Pension Service (NPS) of South Korea said on Nov. 9 it has selected the venture capital firms that will entrust the pension fund&rsqu...
Nov 09, 2021 (Gmt+09:00)
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[ASK 2021] European NPL market growth creates investment opportunities
Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...
Nov 08, 2021 (Gmt+09:00)
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Korean games
NCSoft reclaims throne with new mobile game Lineage W
Lineage W, developed by South Korea’s NCSoft Corp., has swiftly reclaimed the top spot in the country's mobile gaming market just three days s...
Nov 07, 2021 (Gmt+09:00)
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Venture capital
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...
Nov 05, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KKR invests $2 bn in SK E&S' new preferred shares
KKR & Co. has signed an agreement to buy 2.4 trillion won ($2 billion) worth of newly-issued preferred shares in SK E&S Co., the US private ...
Nov 05, 2021 (Gmt+09:00)
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Retail
Jeju as Korea's new shopping mecca: Shinsegae's task ahead
Unlike Hawaii and Las Vegas, there is one thing missing on Jeju Island, South Korea's top tourist destination: premium outlets.The island hosted 15 ...
Nov 04, 2021 (Gmt+09:00)
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North Korea
North Korea can make more uranium for nuclear bombs than previously thought
SEOUL—North Korea has the capacity to make more base ingredients for nuclear bombs than previously believed, according to new research, sugg...
Nov 04, 2021 (Gmt+09:00)
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Entertainment
HYBE, Korea cryptocurrency exchange operator to co-launch BTS NFTs
HYBE Co., the label behind BTS, is expected to launch non-fungible tokens (NFTs) for assets of the world’s top boy band alongside the operator...
Nov 04, 2021 (Gmt+09:00)
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Pension funds
Teachers' Pension to sharply up direct global stock investment
The Teachers' Pension in South Korea has started direct investment in overseas stock markets this year and will further increase direct management t...
Nov 04, 2021 (Gmt+09:00)
Latest News
- 1 Genesis targets broader European presence with EV trio
- 2 K-pop pilgrimage boosts Seoul ahead of BTS comeback
- 3 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 4 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 5 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO