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Scope
Date
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Business & Politics
LG Electronics expands overseas appliance plants as it exits phone business
LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...
Jun 02, 2021 (Gmt+09:00)
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Automobiles
Hyundai tops Korean institutions' May buying list
Hyundai Motor became the key beneficiary of South Korean institutional investors' heavy buying on the local bourse this month as the global chip sho...
May 31, 2021 (Gmt+09:00)
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Energy
POSCO, Orsted form offshore wind and hydrogen partnership
South Korea’s steelmaker POSCO has taken another big step in accelerating the industry’s shift toward renewable energy. POSCO said on Ma...
May 28, 2021 (Gmt+09:00)
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Electronics
Samsung Display to expand small OLED line with $2.7 bn investment
Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...
May 28, 2021 (Gmt+09:00)
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Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
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SK Innovation in CO2 capture, storage technology project
SK Innovation Co. signed an agreement on May 26 to participate in South Korea's first government-led project to develop carbon capture and storage (...
May 26, 2021 (Gmt+09:00)
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Metaverse
Metaverse makes digital nomads the new norm
It’s been about four months since Lee Seul, a manager at real estate app Zigbang, worked from the company office in Gangnam, one of South Kore...
May 26, 2021 (Gmt+09:00)
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Capital raising
Hanwha Systems to launch $1.1 bn rights issue in June
Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch ...
May 25, 2021 (Gmt+09:00)
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President Moon's state visit to US
Korea’s top 4 conglomerates pledge $40 bn investment in US
Samsung Group, Hyundai Motor Group, SK Group and LG Group, companies unofficially accompanying South Korean President Moon Jae-in on his state visit...
May 23, 2021 (Gmt+09:00)
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Automobiles
Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award
Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...
May 18, 2021 (Gmt+09:00)
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Hydrogen economy
Eight of top 10 Korean conglomerates betting on hydrogen
There was a time when virtually all major South Korean firms were racing to make something big and heavy. Power plants, offshore oil and gas constru...
May 12, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea: 11th in global export market for top-ranked items
South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...
May 10, 2021 (Gmt+09:00)
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Private equity
CVC names ex-Affinity Equity top manager as Korea head
CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...
May 07, 2021 (Gmt+09:00)
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Korean startups
Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn
South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startu...
May 06, 2021 (Gmt+09:00)
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Korean startups
Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai
South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...
Apr 27, 2021 (Gmt+09:00)
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IPOs
SK IE Technology’s IPO price set at top end; record demand at bookbuilding
The initial public offering price of South Korea’s SK IE Technology Co. has been set at the top end of the proposed band, reflecting a recor...
Apr 26, 2021 (Gmt+09:00)
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Korean startups
Big data firm FiscalNote eyes SPAC listing in US; valuation could top $1 bn
FiscalNote, a Washington D.C.-based tech firm that uses artificial intelligence and big data to track, predict and analyze regulation and legislatio...
Apr 26, 2021 (Gmt+09:00)
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Revenue rankings
LG Electronics set to overtake Whirlpool as top home appliance maker
South Korea’s LG Electronics Inc. will likely post its best-ever sales revenue for its home appliance business this year, overtaking Whirlpool...
Apr 20, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...
Apr 13, 2021 (Gmt+09:00)
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Korean startups
Riiid makes list of world's 100 most promising AI firms
South Korea-based startup Riiid Inc. has been named to the annual AI 100 list issued by global market research firm CB Insights. The AI 100 is a lis...
Apr 08, 2021 (Gmt+09:00)
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Economy
S.Korea's public debt tops GDP for first time in 2020
South Korea's government debt surpassed its gross domestic product for the first time in 2020, with public debt reaching its highest level ever foll...
Apr 07, 2021 (Gmt+09:00)
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Retail
SK Group acquires 16.3% of Vietnam’s top retailer for $410 million
South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to ...
Apr 06, 2021 (Gmt+09:00)
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Webtoons
NHN joins race for top spot in global webtoon market
South Korean content platforms' appetite for webtoons remains strong as major players such as Naver Corp. and Kakao Corp. further ramp up their webt...
Apr 05, 2021 (Gmt+09:00)
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League table
Morgan Stanley tops Korea's Q1 M&A league table
Morgan Stanley reclaimed its top position in South Korea's M&A advisor league table in the first quarter of this year for the first time in two ...
Mar 31, 2021 (Gmt+09:00)
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IPOs
Metaverse startups enjoy unrivaled attention on Kosdaq
South Korea’s virtual reality (VR) and augmented reality (AR) companies are rushing to get listed on the Kosdaq, as betting on metaverse stock...
Mar 31, 2021 (Gmt+09:00)
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Revenue club
Korea’s top delivery app operator Woowa joins 1 trillion won sales club
Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...
Mar 31, 2021 (Gmt+09:00)
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Energy
SK E&S to invest $1.4 bn in Australia LNG project
SK E&S Co. will invest $1.4 billion in a gas field development project offshore northern Australia that had been postponed due to the global pan...
Mar 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte buys S.Korea’s top secondhand e-commerce platform
South Korea’s retail giant Lotte is expanding its presence in the e-commerce sector with the acquisition of Joonggonara, the country’s l...
Mar 23, 2021 (Gmt+09:00)
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Lawyers on move
Global law firms in Korea hunt for talent amid growing outbound M&As
Leading international law firms with offices in South Korea are gearing up for growing legal service demand from local companies in their push for m...
Mar 19, 2021 (Gmt+09:00)
Latest News
- 1 MBK-invested Homeplus looks for new owner as M&A emerges as option
- 2 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 3 S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn
- 4 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 5 S.Korea eases path for foreign REITs in senior housing push