Market Kurly raises $200 mn at over $3 bn valuation

Market Kurly raises $200 mn at over $3 bn valuation

Kurly Inc., an operator of South Korea's online grocery delivery service Market Kurly, has raised 250 billion won ($212 million) in pre-IPO funding ...

Gaming platform Planetarium attracts $42 mn, valued at $293 mn

Gaming platform Planetarium attracts $42 mn, valued at $293 mn

South Korea’s non-fungible token (NFT)-based open source gaming platform Planetarium, under Nine Corp. Inc., is slated to attract around 50 ...

Korea’s Hot Chicken Flavor Ramen maker to issue first bond

Korea’s Hot Chicken Flavor Ramen maker to issue first bond

South Korea’s Samyang Foods Co., the maker of the Hot Chicken Flavor Ramen, plans to issue its first corporate bonds ever as it is expanding b...

Pulmuone to expand alternative meat business in the US

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

NPS selects four Korean VCs to invest 150 bn won

NPS selects four Korean VCs to invest 150 bn won

The National Pension Service (NPS) of South Korea said on Nov. 9 it has selected the venture capital firms that will entrust the pension fund&rsqu...

Korea’s Netmarble Neo drops listing plan as sentiment sours

Korea’s Netmarble Neo drops listing plan as sentiment sours

South Korea’s game developer Netmarble Neo decided to withdraw its initial public offering plan as sentiment in the primary market sours amid ...

Real estate investment head resigns from KIC

Real estate investment head resigns from KIC

The head of real estate investment at Korea Investment Corporation (KIC) has resigned from the South Korean sovereign wealth fund. Cha Hoon, appoint...

Korea to buy back treasury bonds to curb rising interest rates

Korea to buy back treasury bonds to curb rising interest rates

South Korea plans to buy back 2 trillion won ($1.7 billion) worth of government bonds in a move to stem a jump in market interest rates.The Ministry...

NPS makes new commitments worth $17 bn in private sector every year

NPS makes new commitments worth $17 bn in private sector every year

South Korea's National Pension Service (NPS) plans to keep increasing private equity investment for mid- to-long term asset allocation, Choe Hyung D...

KTCU seeks new GPs skilled in raising corporate value

KTCU seeks new GPs skilled in raising corporate value

Korean Teachers’ Credit Union (KTCU) will seek out general partners (GPs) that have expertise in corporate workouts, add-on investments and a ...

S.Koreans' global stock, bond holdings at record high

S.Koreans' global stock, bond holdings at record high

South Korean investors maintained their buying spree in overseas equities and bond markets, with the balance of their holdings in both securities re...

Samsung, SK Hynix to pay corporate taxes to foreign countries

Samsung, SK Hynix to pay corporate taxes to foreign countries

South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...

Korea benchmark bond yield near 2-1/2-year high

Korea benchmark bond yield near 2-1/2-year high

South Korea’s benchmark bond yield hit the highest level in about two and a half years as expectations of tighter monetary policies at home an...

Hyundai Motor’s construction unit seeks listing in Q1 2022

Hyundai Motor’s construction unit seeks listing in Q1 2022

Hyundai Engineering Co., Hyundai Motor Group’s construction arm, started the process for an initial public offering (IPO) expected in the firs...

SKC to raise corporate value to $25 bn with battery materials

SKC to raise corporate value to $25 bn with battery materials

South Korea’s SKC Co. plans to expand its electric vehicle battery materials business in a move to fivefold its corporate value to 30 trillion...

Industrial Bank of Korea to sell $500 mn bond at lower cost

Industrial Bank of Korea to sell $500 mn bond at lower cost

Industrial Bank of Korea (IBK) is slated to raise $500 million in dollar corporate bond at a lower-than-planned cost on strong demand.IBK decided to...

Korea postpones forex bond sale to October

Korea postpones forex bond sale to October

South Korea’s government delayed a sale of foreign exchange stabilization fund bonds to next month, disrupting local companies’ plans to...

LG set to fund OLED plant expansion with over $400 mn in new bonds

LG set to fund OLED plant expansion with over $400 mn in new bonds

LG Display Co. will likely raise around 500 billion ($430 million) in new bond issues, more than its planned 300 billion won, to finance the expansi...

SK E&S eyes $30 billion corporate value as top hydrogen company

SK E&S eyes $30 billion corporate value as top hydrogen company

SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...

Korean firms scramble for bond sales on further rate hike views

Korean firms scramble for bond sales on further rate hike views

South Korean companies rushed to issues bonds as the Bank of Korea is expected to raise interest rates further, ramping up financing costs. Some war...

NPS to cut outsourcing of foreign bond investments

NPS to cut outsourcing of foreign bond investments

South Korea’s National Pension Service, the world’s third-largest pension fund, was set to reduce outsourcing of foreign bond investment...

Are global GSS bonds sustainable?

Are global GSS bonds sustainable?

Global green, social sustainability (GSS) bonds may not be stable enough yet. The bonds where proceeds will be exclusively applied to finance or re-...

SK Group’s holding firm to absorb SK Materials in corporate restructuring

SK Group’s holding firm to absorb SK Materials in corporate restructuring

SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...

Korean unicorns winning talent war against global IBs

Korean unicorns winning talent war against global IBs

South Korean unicorn startups are soaking up talent from global investment banks (IBs) and brokerage houses. Junior and senior financial market spec...

POSCO raises €1.1 bn in convertible green bonds

POSCO raises €1.1 bn in convertible green bonds

POSCO Co., the world's fifth-largest steelmaker, has raised €1.1 billion ($1.3 billion) through green bonds convertible into its common shares,...

Hana to underwrite $65 mn ESG bonds on US rail funding

Hana to underwrite $65 mn ESG bonds on US rail funding

South Korea's Hana Financial Investment Co. is set to underwrite 75 billion won ($65 million) worth of senior bonds linked to environmental, social ...

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

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...

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

Delta variant, rate hike views hurt Korean lower-rated corporate bond sales

South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...

Korea’s cash-rich firms issue more bonds amid low interest environment

Korea’s cash-rich firms issue more bonds amid low interest environment

Some of the most cash-abundant firms across different industries in South Korea are issuing large amounts of bonds to raise even more funds amid a l...

KT to raise $300 mn in dollar bond at record-low rates

KT to raise $300 mn in dollar bond at record-low rates

KT Corp., a South Korea's telecom company, is set to raise $300 million in a dollar corporate bond at the lowest interest rate for its foreign curre...

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