analysis on US stocks
Scope
Date
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Pension funds
NPS may shed extra $21 bn in Korean stocks to cut exposure
The National Pension Service remains overexposed to South Korean stocks even after its 42-day consecutive net selling, and the world's third-largest...
Mar 02, 2021 (Gmt+09:00)
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Korean stock market
Kakao to split stock 5-for-1 after share price hits record high
Kakao Corp. will split its stock on a five-for-one basis in April, which the South Korean mobile messaging app giant said would make the stock more ...
Feb 26, 2021 (Gmt+09:00)
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Shareholder activism
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...
Feb 25, 2021 (Gmt+09:00)
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Future mobility
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...
Feb 24, 2021 (Gmt+09:00)
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Korean games
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...
Feb 22, 2021 (Gmt+09:00)
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Interview
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...
Feb 22, 2021 (Gmt+09:00)
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IPOs
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...
Feb 19, 2021 (Gmt+09:00)
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Private equity
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...
Feb 18, 2021 (Gmt+09:00)
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IPOs
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...
Feb 17, 2021 (Gmt+09:00)
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IPOs
Korean stock markets set for record-high IPOs in 2021
Initial public offerings in South Korea are expected to top 20 trillion won ($18 billion) in value this year, the largest amount for a single year i...
Feb 16, 2021 (Gmt+09:00)
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IPOs
Coupang applies for IPO on New York Stock Exchange
Coupang Corp., 37% owned by SoftBank Group, is set to become the first Korean company to list directly on the New York Stock Exchange, with its valu...
Feb 14, 2021 (Gmt+09:00)
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Private debt
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 ...
Feb 12, 2021 (Gmt+09:00)
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Share price forecasts
Samsung investors fret over stock’s fall as analysts see further gains
For retail investors of Samsung Electronics Co., the stock’s recent drop is reminiscent of the 2018 crash, when individuals who snapped up the...
Feb 10, 2021 (Gmt+09:00)
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Alternative investments
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...
Feb 04, 2021 (Gmt+09:00)
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Short selling
Korea to lift short-selling ban on large stocks; retail investors resist
South Korea’s financial regulator has decided to allow the short selling of large-cap stocks from May 3 despite opposition from retail investo...
Feb 04, 2021 (Gmt+09:00)
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Automobiles
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...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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% ...
Jan 29, 2021 (Gmt+09:00)
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IPOs
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...
Jan 28, 2021 (Gmt+09:00)
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Business & Politics
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...
Jan 28, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
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...
Jan 25, 2021 (Gmt+09:00)
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Korean chipmakers
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...
Jan 24, 2021 (Gmt+09:00)
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Batteries
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...
Jan 20, 2021 (Gmt+09:00)
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Alternative investments
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...
Jan 18, 2021 (Gmt+09:00)
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Korean stock market
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...
Jan 15, 2021 (Gmt+09:00)
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Energy
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...
Jan 15, 2021 (Gmt+09:00)
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Korean stock market
NPS boosts holdings in parts, materials, leisure stocks
The National Pension Service has raised exposure to parts, materials and leisure stocks in South Korea that had underperformed the broader markets, ...
Jan 08, 2021 (Gmt+09:00)
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Artificial intelligence
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...
Jan 07, 2021 (Gmt+09:00)
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Hydrogen economy
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...
Jan 07, 2021 (Gmt+09:00)
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EV Batteries
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...
Jan 07, 2021 (Gmt+09:00)
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Korean stock market
S.Korea's stock market cap tops nominal GDP for the first time
The combined value of South Korea’s main stock market, which wrapped up last year at its highest-ever closing level, topped the country’...
Jan 03, 2021 (Gmt+09:00)
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