Laundrygo raises over $40 mn from SoftBank Ventures, Altos Ventures

South Korea’s first contactless laundry service startup Laundrygo has raised 50 billion won ($43 million) in a follow-on investment from inves...

GIC, PEFs face further delays to Kyobo exit after ruling

Singapore’s GIC, Canada's Ontario Teacher's Pension Plan (OTPP) and private equity firms, including Affinity Equity Partners, may need to endu...

Strategic buyers line up for IMM-led $1.3 bn Hanssem deal

LX Hausys Ltd., South Korea's leading building materials maker, on Monday announced a plan to join Seoul-based IMM Private Equity in acquiring a con...

TikTok owner ByteDance in talks to invest $43 mn in Korea’s KidariStudio

South Korea’s online content platform KidariStudio Inc. will likely attract 50 billion won ($43 million) from China’s ByteDance Ltd., th...

Upbit dominates S.Korea’s crypto exchange with 80% market share

South Korea’s cryptocurrency exchange market is being dominated by the biggest platform Upbit that holds about 80% of all transactions made in...

Parts maker Mando raises profile as investor in future mobility startups

Halla Group’s auto components unit Mando Corp. is rapidly expanding its profile as a startup investor in the future mobility sector.Mando was ...

Swit Technologies' valuation tops $80 mn in Series A round

Swit Technologies Inc., the provider of team collaboration tool Swit, is near wrapping up its Series A funding round, having raised around $17.8 mil...

Korea's top online flea market startup value up to $2.6 bn

South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...

S.Korea to launch first carbon credit ETFs in September

South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...

Korean investors rush to buy Vietnam stocks

South Korean investors are rushing to buy Vietnamese stocks as the market is showing signs of a recovery. Analysts predicted export-oriented shares ...

Underage stock investors surge with decent gains in Korea

The number of investors under age 18 is rising in South Korea, posting even higher gains from their stock purchases than adults.According to 10 dome...

KakaoBank falls out of Kospi top 10 on 3rd trading day

KakaoBank Corp. has fallen out of the top 10 list on Kospi on Aug. 10, its third trading day, with Celltrion and Kia Corp. overtaking the company ag...

Korean activist fund KCGI joins in consortium to buy Ssangyong

A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) as a financial invest...

KakaoBank becomes Korea's most valuable lender

KakaoBank Corp. became South Korea’s first listed internet-only bank and the country's most valuable lender upon its trading debut on Aug. 6...

Krafton locks up two-thirds of IPO shares amid price concerns

Krafton Inc. has locked up more than 80% of its IPO shares allocated to institutional investors, in a move to prevent mass selling of its shares imm...

Growing pains: Korea’s smaller crypto exchanges face shutdown

In mid-July, a small obscure South Korean cryptocurrency exchange posted a notice on its website at midnight, saying it is suspending trading of 57 ...

Krafton IPO draws lukewarm demand from retail investors

Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....

KOMIPO raises $300 mn in dollar bonds at lower-than-expected cost

Korea Midland Power Co. (KOMIPO) raised $300 million in a dollar corporate bond at a lower interest rate than planned on strong demand among foreign...

HK inno.N’s IPO attracts $25 bn from retail investors

HK inno.N Corp. (inno.N), a pharmaceuticals unit of Kolmar Korea, drew a massive $25 billion from retail investors for its listing thanks to its s...

Korea’s only shipyard under creditor protection to be sold this year

A sale of Daehan Shipbuilding Co., South Korea’s only shipbuilder under creditor protection, is to be completed within this year through a sta...

Investors revalue E-Mart after owning two-thirds of Starbucks Korea

Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-...

Krafton IPO draws tepid demand from institutional investors

South Korean game developer Krafton Inc.’s initial public offering, the largest domestic IPO in the second half, drew weaker demand from insti...

KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season

South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...

Bid for botox maker Hugel to kick off in late July, attracts PEFs

The bid to acquire a controlling stake in Hugel Inc., South Korea’s leading maker of botulinum toxin, more commonly known as botox, from US pr...

Soaring metaverse stocks face mixed outlook in Korea

The share prices of South Korean metaverse companies have skyrocketed throughout this year, in an environment where fan meetings, press conferences ...

Investors give warm welcome to Korean firms' capex hike for future growth

Capital raising through new share sales and debt to expand facilities wasn’t good news for investors as the move often led to a fall in share ...

Defense stocks rally in response to China Xi's speech

South Korean manufacturers of jet fighters, aircraft engines and weapon systems saw their share prices soaring in heavy trade on Monday, powered by ...

Korean corporate bonds suffer from cooling investor sentiment

South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...

SK REIT to raise $266 million via Kospi IPO in second half

SK Inc.’s real estate investment trust (REIT) affiliate plans to raise as much as 300 billion won ($266 million) via an initial public offerin...

GS Group joins race to acquire Korea’s botox maker Hugel

A consortium led by South Korea’s GS Group is in talks to acquire a controlling stake in Hugel Inc., the country’s top maker of botulinu...