STX Chinese fund false news
Scope
Date
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Regulations
FSS to inquire actual use of funds raised by issuing ESG bonds
From now on, companies in South Korea that have raised funds by issuing ESG (environmental, social, and governance) bonds will have to answer questi...
Jan 16, 2023 (Gmt+09:00)
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Bio & Pharma
Osstem Implant to supply 490,000 sets to Chinese government
Osstem Implant Co. said on Wednesday that it has won more than 490,000 sets of implants in a bid for dental implants put up by the Chinese governmen...
Jan 11, 2023 (Gmt+09:00)
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Korean startups
Profitable Korean startups attract funds despite downturn
Profitable South Korean startups succeeded in fundraising despite an economic downturn as investors sought stable earnings from companies with clear...
Jan 10, 2023 (Gmt+09:00)
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Capital raising
Lotte E&C, Meritz Securities conclude $1.2 billion investment deal
Lotte Engineering & Construction (E&C) has secured financing of 1.5 trillion won ($1.2 billion).The company on Monday announced its conclusi...
Jan 10, 2023 (Gmt+09:00)
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Korean startups
Smart transportation solution provider Alt-A enlists pre-Series A funding
Alt-A, which provides a transportation system specialized in last-mile roads, said Monday that it has received pre-series A funding from Shinh...
Jan 10, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korean activist fund KCGI buys Meritz Asset Management
A consortium led by Korea Corporate Governance Improvement Fund (KCGI), a local activist fund, said on Jan. 9 it signed a share purchase agreement l...
Jan 09, 2023 (Gmt+09:00)
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Korean startups
Korean startup Lemonbase attracts $5.6 mn Series A funding
Lemonbase, a South Korean developer and operator of performance management software as a service (Saas), raised 7 billion won ($5.6 million) in Seri...
Jan 09, 2023 (Gmt+09:00)
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Regulations
Broadcom to give Samsung warranties to avoid Korea penalties
US chipmaker Broadcom Inc. agreed to provide three-year warranties and technical support for components equipped in products such as smart devices o...
Jan 09, 2023 (Gmt+09:00)
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Venture capital
Smart Study Venture creates $28.4 million Baby Shark Tourism Fund
Smart Study Ventures, a corporate venture capital (CVC) affiliated with The Pinkfong Company, said on Thursday that it has created a "Baby Shark Nex...
Jan 06, 2023 (Gmt+09:00)
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Cryptocurrencies
WeMade signs partnership with Chinese digital asset exchange
WeMade said on Wednesday that it would sign a non-fungible token (NFT) partnership with Zhongchuanyuezhong Cultural Development Co. which operates a...
Jan 05, 2023 (Gmt+09:00)
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Electric vehicles
S.Korea fines Tesla $2.2 mn for alleged false advertising
South Korea’s antitrust body has decided to impose a fine of 2.9 billion won ($2.2 million) on Tesla Inc., the world’s top electric vehi...
Jan 03, 2023 (Gmt+09:00)
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Korean startups
S.Korean cloud startups get funding despite recession fears
The contraction of South Korea's investment market has not stopped startups specializing in software as a service (SaaS) to attract funds given that...
Jan 03, 2023 (Gmt+09:00)
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Private equity
Korean banks must increase total shareholder returns: Align Partners
South Korean private equity firm Align Partners Capital Management Inc. is set to lead shareholder activism against the country’s top financia...
Jan 02, 2023 (Gmt+09:00)
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Korean startups
Silvia Health attracts investment through pre-Series A funding
Silvia Health Inc., an age-tech startup based in Seoul, South Korea said on Monday that it has completed a pre-Series A investment with the particip...
Jan 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders outpace Chinese in LNG carrier orders
South Korea’s three biggest shipbuilders lost their world’s No. 1 title in ship orders for the second consecutive year but still proved ...
Dec 29, 2022 (Gmt+09:00)
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Korean startups
Nursing caregiver matching startup Bosalpim succeeds in pre-series A funding
South Korea's senior citizen care service startup Bosalpim said on Wednesday that it has raised an undisclosed amount of pre-series A funding from K...
Dec 29, 2022 (Gmt+09:00)
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Corporate restructuring
M2N to sell 52% stake in Chinese automotive parts company DKCA
M2N( DK D&I Co. ), the parent company of pharmaceutical firm Sillajen Inc., announced on Tuesday that it has signed an agreement to sell its maj...
Dec 28, 2022 (Gmt+09:00)
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Pension funds
NPS will intensify shareholder engagement, new CIO says
Seo Won-joo, the new chief investment officer of the National Pension Service (NPS) of South Korea, said on Dec. 27 that the pension fund will stren...
Dec 27, 2022 (Gmt+09:00)
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Airlines
Chinese regulator approves Korean Air-Asiana merger
The merger between South Korea's two leading airlines Korean Air Lines Co. and Asiana Airlines Inc. passed a hurdle as China's antitrust watchdog ga...
Dec 27, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha revs up to acquire STX Heavy Industries, following DSME purchase
Hanwha Corp. is revving up to acquire STX Heavy Industries, which provides parts and technical support for marine engines, shipbuilding equipment, a...
Dec 27, 2022 (Gmt+09:00)
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Pension funds
NPS fund management taps former GEPS CIO Seo as new chief
National Pension Service (NPS) of South Korea, the world's third-largest pension fund, has tapped Seo Won-joo as the new chief investment officer, a...
Dec 27, 2022 (Gmt+09:00)
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Venture capital
Korea’s big bio startups to launch $39 mn investment fund
South Korea’s four leading biotech firms plan to launch an investment fund of up to 50 billion won ($39 million) to support smaller domestic b...
Dec 26, 2022 (Gmt+09:00)
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Fintech
South Korea doubles gov't fintech innovation fund to $781 million
The South Korean government will double the value of its Fintech Innovation Fund, a source of financial support for the financial technology or fint...
Dec 26, 2022 (Gmt+09:00)
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Corporate restructuring
SK may sell assets in Vietnam, Malaysia to raise billions of dollars
South Korean conglomerate SK Group is considering selling some of its assets in Vietnam and Malaysia owned by its investment vehicle SK South East A...
Dec 25, 2022 (Gmt+09:00)
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Real estate
European real estate is well-positioned for attractive relative value: M&G
The war in Ukraine continues to stoke ongoing uncertainty in Europe, with the impact on energy supplies and prices likely to be felt more intensely ...
Dec 19, 2022 (Gmt+09:00)
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Korean startups
KED's startup news platform Geeks launches revamped website
Geeks, The Korea Economic Daily’s startup news platform launched in May, launched an upgraded website in Korean on Monday. The new conten...
Dec 19, 2022 (Gmt+09:00)
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Foreign exchange
Korean NPS opens up forex hedging limit to maximum of 10%
South Korea’s mighty state pension fund will hedge foreign exchange risks for up to 10% of its overseas investment for a limited period. ...
Dec 18, 2022 (Gmt+09:00)
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Chemical Industry
S.Korea rules dumping of polyamide film by China, Thailand, Indonesia
The South Korean government has issued a ruling on the dumping of polyamide film from China, Thailand and Indonesia and aluminum hydroxide from Chin...
Dec 16, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE joins race to buy marine engine maker STX Heavy Industries
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has joined the race to acquire South Korean marine engine and equipment maker STX Heavy Ind...
Dec 15, 2022 (Gmt+09:00)
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Artificial intelligence
Kakao's AI filter reduces profanity in online news comments
South Korean tech giant Kakao Corp. has reduced swearing and negative comments about news on its online portals such as Daum and Kakao View by using...
Dec 14, 2022 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans