Coupang set to raise $3.6 bn via US listing; eyes throne as platform giant

Coupang set to raise $3.6 bn via US listing; eyes throne as platform giant

South Korea's e-commerce giant Coupang Corp. is looking to raise up to $3.6 billion via its initial public offering on the New York Stock Exchange -...

US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off

US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off

US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...

S.Korea’s birth rate decline accelerates to world’s lowest

S.Korea’s birth rate decline accelerates to world’s lowest

The average birth rate in South Korea dropped to a fresh low of 0.84 last year, the world’s lowest, which population experts said will unlikel...

Korean firms rush to tap bond market ahead of rate hikes

Korean firms rush to tap bond market ahead of rate hikes

New corporate bond issuance in South Korea is on course to hit 9.2 trillion won ($8.3 billion) in February of this year, the highest amount issued f...

Hyundai Motor hires US aerospace expert as UAM business CTO

Hyundai Motor hires US aerospace expert as UAM business CTO

Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...

Netmarble buys majority stake in US game maker Kung Fu Factory

Netmarble buys majority stake in US game maker Kung Fu Factory

Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...

Former Korean Wall Street sheriff joins US PEF board

Former Korean Wall Street sheriff joins US PEF board

New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former se...

S.Korean govt pushes dual-class share structure amid Coupang US listing

S.Korean govt pushes dual-class share structure amid Coupang US listing

South Korea's ruling Democratic Party is set to pass a bill that will allow a dual-class share structure for unlisted companies next month amid grow...

Korean PE firm to reap hefty returns from US bio investment

Korean PE firm to reap hefty returns from US bio investment

Medivate Partners, South Korea’s life science-focused private equity firm, is set to secure more than 2.5 times its investment of around 60 bi...

Coupang likely to get $1 bn credit line from IPO managers

Coupang likely to get $1 bn credit line from IPO managers

South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...

Naver Webtoon targets US listing by year-end

Naver Webtoon targets US listing by year-end

Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.S...

Korean investors face $270 mn loss on Las Vegas hotel loans

Korean investors face $270 mn loss on Las Vegas hotel loans

South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...

Hana Alternative acquires US office building for $201 mn

Hana Alternative acquires US office building for $201 mn

South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...

US auto startup set to buy 51% of Ssangyong Motor for $250 mn

US auto startup set to buy 51% of Ssangyong Motor for $250 mn

HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Motor Co. to take a 51% ...

US data centers-backed REIT seeks $90 mn Korean IPO in 2021

US data centers-backed REIT seeks $90 mn Korean IPO in 2021

A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...

Samsung says fully ready for M&As; silent on US foundry plant

Samsung says fully ready for M&As; silent on US foundry plant

Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...

SM Line eyes H2 IPO on Korean bourse, aims to expand US trade

SM Line eyes H2 IPO on Korean bourse, aims to expand US trade

South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., o...

Samsung remains tight-lipped on new US chip plant reports

Samsung remains tight-lipped on new US chip plant reports

Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top mem...

Surging freight rates, bulker shortages squeeze Korean importers

Surging freight rates, bulker shortages squeeze Korean importers

Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind ...

SK's US battery arm sells $1 bn green bonds at lower rates

SK's US battery arm sells $1 bn green bonds at lower rates

The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...

Meritz Alternative commits $150 mn to US multifamily fund

Meritz Alternative commits $150 mn to US multifamily fund

South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...

BOK governor warns of abrupt stock market correction; holds rate steady

BOK governor warns of abrupt stock market correction; holds rate steady

South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...

Total, Hanwha to set up JV for $1.8 bn US solar expansion

Total, Hanwha to set up JV for $1.8 bn US solar expansion

French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage ce...

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Seoul to offer $3 bn credit insurance on Saudi's megaprojects

Korea Trade Insurance Corp. (K-Sure) has agreed to provide $3 billion in trade credit insurance to Saudi Arabia to help South Korean companies win o...

LG takes over controlling stake in US TV data analysis firm Alphonso

LG takes over controlling stake in US TV data analysis firm Alphonso

South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...

SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power

SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power

South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...

SK Innovation to raise $920 mn for US battery plant expansion

SK Innovation to raise $920 mn for US battery plant expansion

South Korea-based SK Innovation Co. is ramping up investment for its US-based electric vehicle battery business, with plans to raise up to 1 tri...

SUVs drive up Hyundai, Kia in US market; G80 named safest car of year

SUVs drive up Hyundai, Kia in US market; G80 named safest car of year

A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...

Credit Suisse retains top spot in Korea’s M&A advisory league

Credit Suisse retains top spot in Korea’s M&A advisory league

Credit Suisse has maintained its top position on South Korea’s M&A advisory league table in 2020, working on most of the high-profile deal...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race