Woori Financial chairman
Scope
Date
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Construction
Hanwha E&C abandons Bismayah project in Iraq; $581 mn loss expected
South Korean builder Hanwha Engineering & Construction Co. has aborted a $10 billion project to build a Bismayah new city in Iraq after failing ...
Oct 09, 2022 (Gmt+09:00)
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Banking & Finance
Korea Investment & Securities and Stifel Financial form joint venture
Korea Investment & Securities Co., a subsidiary of Korea Investment Holdings, announced on Wednesday that it has formed a joint venture with Mis...
Sep 28, 2022 (Gmt+09:00)
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Markets
Kospi hits two-year low; regulators mull short-selling ban
South Korea's stock market tumbled to its lowest level in more than two years on Wednesday, as fears of a slowing global economy and rising inflatio...
Sep 28, 2022 (Gmt+09:00)
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Foreign exchange
Korean won at fresh low since global financial crisis as markets crash
The South Korean won on Monday extended losses to a fresh low since the 2008-09 financial crisis as local financial markets lost ground, alongside t...
Sep 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's SBW Group eyes bid for textile giant Lycra
South Korean fashion business operator SBW Group is joining the race to acquire global leading textile firm The Lycra Company, investment banking so...
Sep 23, 2022 (Gmt+09:00)
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Venture capital
Korean VCs look for next Grab, Gojek startups in Singapore
South Korea’s leading venture capital companies with at least 1 trillion won ($711 million) in assets under management are looking for promisi...
Sep 22, 2022 (Gmt+09:00)
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Real estate
Korean warehouse project financing on brink of debt crisis
Warehouse development projects in South Korea, which boomed amid COVID-19, are facing challenges such as suspension of construction projects and ban...
Sep 21, 2022 (Gmt+09:00)
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Fintech
Korean fintech sector struggles amid liquidity drought
A three-year-old South Korean fintech company is having trouble raising money through a Series B funding round as investor sentiment on the sector h...
Sep 20, 2022 (Gmt+09:00)
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Foreign exchange
Tumbling Korean won increases corporate debt burden
The South Korean won extended its losses to hit its weakest level since the 2008-09 global financial crisis on Wednesday, pressured by higher-than-e...
Sep 14, 2022 (Gmt+09:00)
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Private equity
MBK chairman to donate $10 mn to Metropolitan Museum
Michael ByungJu Kim, founder and chairman of MBK Partners, has pledged $10 million to the Metropolitan Museum of Art in New York (the Met), the muse...
Sep 07, 2022 (Gmt+09:00)
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Shareholder activism
Delta Air increases stake in Hanjin KAL to back Chairman Cho
Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...
Sep 05, 2022 (Gmt+09:00)
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Corporate investment
Lotte to invest $900 mn in Vietnam smart city project
Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...
Sep 05, 2022 (Gmt+09:00)
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Economy
Korea inflation slows, but BOK may still hike interest rates
South Korea’s headline inflation eased in August for the first time in seven months on a slower rise in oil prices, but the central bank is st...
Sep 02, 2022 (Gmt+09:00)
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Pension funds
NPS' new chairman Kim Tae-hyun to start 3-year term
South Korea’s National Pension Service (NPS) is set for its new Chairman Kim Tae-hyun, a former CEO of state-run Korea Deposit Insurance Corp....
Sep 01, 2022 (Gmt+09:00)
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Retail
Korean big-box stores see credit rating downgrades
Two credit rating agencies have lowered South Korean big-box retail giants’ credit profiles. Korea’s top three big-box stores, Homeplus ...
Aug 31, 2022 (Gmt+09:00)
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Corporate strategy
SK Group reworks 'financial story' action plans
Chief executives of South Korea’s No. 2 conglomerate SK Group are overhauling their action plans to implement the “financial story&rdquo...
Aug 26, 2022 (Gmt+09:00)
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IPOs
Kurly, Golfzon get preliminary nod for 2022 IPOs
Gourmet food delivery platform Kurly and Golfzon County have won preliminary approval for their initial public offerings set for this year.The Korea...
Aug 23, 2022 (Gmt+09:00)
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Private equity
Growing sense of déjà vu of 2008 global financial crisis
Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...
Aug 22, 2022 (Gmt+09:00)
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Corporate restructuring
Hyundai Mobis to spin off parts, module units amid revamp talk
South Korea’s largest auto parts maker Hyundai Mobis Co. is poised to spin off two of its major units that make car parts and modules into sep...
Aug 12, 2022 (Gmt+09:00)
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Automobiles
Hyundai to set up AI robotics R&D center near Boston
South Korea’s Hyundai Motor Group will set up an artificial intelligence research center in the Boston area to develop AI-driven robotics tech...
Aug 12, 2022 (Gmt+09:00)
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Banking & Finance
Korea’s BC Card to buy Indonesian IT firm for SE Asia biz growth
BC Card Co., a South Korean financial services provider, agreed to acquire an Indonesian IT company as it expands its businesses into overseas marke...
Aug 12, 2022 (Gmt+09:00)
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Corporate investment
Korea Zinc to invest $7.5 billion in green hydrogen, battery materials
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...
Aug 09, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LX Pantos mulls Air Premia acquisition to facilitate global logistics service
LX Pantos Co., the logistics unit of South Korea’s LX Group, is looking to acquire a controlling stake in local budget carrier Air Premia Co.,...
Aug 01, 2022 (Gmt+09:00)
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Retail
Louis Vuitton chairman to meet with heads of S.Korean department stores
The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...
Jul 21, 2022 (Gmt+09:00)
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Aerospace & Defense
South Korea’s Mirae Asset Group bets $100 million on SpaceX
Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...
Jul 15, 2022 (Gmt+09:00)
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Corporate strategy
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
Jul 14, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to launch London office in view of growth opportunities in Europe
SK E&S Co., the natural gas business unit of South Korea’s SK Group, is preparing to open a business office in London as it sees growth op...
Jul 04, 2022 (Gmt+09:00)
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Corporate investment
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
Jun 30, 2022 (Gmt+09:00)
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Banking & Finance
Korea Woori Card to start installment finance biz in Indonesia
Woori Card Co. is set to start the installment finance business in Indonesia, Southeast Asia’s largest economy as the credit card unit of Sout...
Jun 27, 2022 (Gmt+09:00)
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Energy
Korea to reboot nuclear power sector with orders, aid
South Korea plans to rebuild the nuclear power plant industry hard hit by the previous government’s nuclear energy phasing-out policy by placi...
Jun 22, 2022 (Gmt+09:00)
language
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