facility-based communications operator
Scope
Date
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Upcoming IPOs
Referral-based job portal Wantedlab applies for H2 IPO
Wantedlab Inc., South Korea's first referral-based recruiting platform, is aiming to list on the country's junior Kosdaq market in the second half o...
Apr 19, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...
Apr 13, 2021 (Gmt+09:00)
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E-commerce
Coupang to start first overseas operation in Singapore
South Korea’s e-commerce giant Coupang Corp. is moving forward with its global expansion plans by entering the Singapore market. The New York ...
Apr 12, 2021 (Gmt+09:00)
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Economy
BOK to offer news-based weekly economic index
South Korea’s central bank will launch a new economic index based on analysis of online business news articles. The Bank of Korea said on Apr....
Apr 01, 2021 (Gmt+09:00)
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Revenue club
Korea’s top delivery app operator Woowa joins 1 trillion won sales club
Woowa Brothers Corp., the operator of South Korea’s top food delivery app Baedal Minjok, commonly known as Baemin, has joined the 1 trillion w...
Mar 31, 2021 (Gmt+09:00)
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Korean startups
S.Korean e-book operator eyes unicorn status via successful foray into US
E-book platform operator RIDI Corp. has successfully tapped into the US market, fueling anticipation over the possibility of it becoming South Korea...
Mar 17, 2021 (Gmt+09:00)
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Batteries
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
Mar 12, 2021 (Gmt+09:00)
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PEFs
Blackstone to open Seoul office for improved communication
The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...
Feb 26, 2021 (Gmt+09:00)
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Korean stock market
Hyundai Heavy announces 5-for-1 share split, 2020 operating loss
Hyundai Heavy Industries Holdings Co. on Thursday announced a five-for-one share split after reporting an operating loss in 2020 due to weak shipbui...
Feb 04, 2021 (Gmt+09:00)
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Earnings
LG Electronics' 2020 sales, operating profit hit all-time highs
South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...
Jan 29, 2021 (Gmt+09:00)
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Earnings
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...
Jan 27, 2021 (Gmt+09:00)
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Batteries
SK Innovation buys 13% stake in China’s EV battery-swap station operator
SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...
Jan 21, 2021 (Gmt+09:00)
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Steel
POSCO may see Q1 operating profit reach $900 mn
South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies e...
Jan 17, 2021 (Gmt+09:00)
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Korean startups
Silicon Valley-based PnP sets sights on Korean smart city ventures
Plug and Play (PnP), a Silicon Valley-based startup accelerator, will team up with the city of Seoul to invest in South Korean venture firms with sm...
Jan 13, 2021 (Gmt+09:00)
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CES 2021
Amorepacific unveils AI-based cosmetics technology at CES 2021
South Korea-based Amorepacific Corp. has received the Innovation Award for its high-tech beauty technologies at the world's largest tech event, Cons...
Jan 12, 2021 (Gmt+09:00)
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Satellite communications
Hanwha Systems to invest $30 mn in US communications firm Kymeta
Hanwha Systems Co., the defense industry arm of Hanwha Group, has decided to invest 33.2 billion won ($30 million) in Kymeta Corp., a US satellite c...
Dec 24, 2020 (Gmt+09:00)
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Mergers & Acquisitions
IMM Private Equity to set up operation-focused unit
This is the first in our bi-weekly Deal briefs series, covering the latest M&A deals and key events in South Korea’s capital markets. We w...
Dec 01, 2020 (Gmt+09:00)
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Biomaterials
LG Chem, Neste join forces to make bio-based synthetic resins
LG Chem Ltd. plans to produce synthetic resins such as polyolefin, polycarbonate and polyvinyl chloride, using biomaterials from Finland's diesel prod...
Nov 05, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Samyang joins bid to acquire US-based chemical maker Emerald Kalama
Samyang Holdings Corporation, a South Korean manufacturer of food and chemical products, has joined the bid to acquire US-based Emerald Kalama Chemica...
Nov 01, 2020 (Gmt+09:00)
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Earnings
LG Electronics posts record-high Q3 sales, operating profit
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...
Oct 30, 2020 (Gmt+09:00)
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Earnings
POSCO swings to Q3 operating profit vs Q2; steel demand on rise
POSCO, the world’s fifth-largest steelmaker, has swung to an operating profit in the third quarter from the second quarter, when it reported its...
Oct 23, 2020 (Gmt+09:00)
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Korean Teachers' Credit Union
Korean teachers' fund pockets sweet returns from US cloud-based platform
The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...
Oct 12, 2020 (Gmt+09:00)
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Alternative investment
Korea Investment acquires California-based office building worth $86 mn
Korea Investment & Securities Co. has acquired a luxury office building in Orange County, California valued at around 100 billion won ($86 million...
Oct 05, 2020 (Gmt+09:00)
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IPO
BTS' Big Hit focuses on sustainable fandom-based business model
Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...
Sep 22, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai Motor wins temporary nod to send staff to Beijing bases
The Hyundai Motor Group will operate three chartered flights to dispatch its employees to Beijing Sept. 3 and Sept. 4, after winning temporary approva...
Sep 03, 2020 (Gmt+09:00)
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Venture capital
Korean digital wallet operator raises $173 mn from foreign VC firms
Viva Republica Inc., the operator of South Korea's popular digital wallet Toss, has raised its largest single fundraising worth $173 million from...
Aug 28, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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Offshore production
SeAH Steel to build biggest offshore wind turbine monopile facility in UK
SeAH Steel Holdings Corporation is gearing up to construct the world's biggest monopile facility for offshore wind turbines following a memorandum of ...
Aug 21, 2020 (Gmt+09:00)
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M&A
Hanwha taps into ESS business by acquiring 100% stake in US-based Geli
Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...
Aug 08, 2020 (Gmt+09:00)
Latest News
- 1 S.Korea eases path for foreign REITs in senior housing push
- 2 Koramco targets $7 bn bets on Korea data centers
- 3 Lotte Chemical, HD Hyundai seek big deal via merger of naphtha cracking facilities
- 4 South Korea accelerates stablecoin framework in global race
- 5 Lee vows policy overhaul to spur dividend payouts