financial firms
Scope
Date
~
-
Branding
LG unveils fresh-faced logo designs to firm up brand storytelling
South Korea-based electronics giant LG has revealed new designs of its logo, "Face of the Future," in a move to upgrade its brand storytelling. On J...
Jun 11, 2021 (Gmt+09:00)
language -
Organizational restructuring
SKT to spin off; 5-for-1 stock split in November
South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...
Jun 10, 2021 (Gmt+09:00)
-
Batteries
Samsung SDI mulls EV battery JV in US; partnership with global automaker
Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...
Jun 09, 2021 (Gmt+09:00)
language -
Quantum computing
Korean telecom firms expand commercial use of quantum cryptography
The imminent advent of quantum computers is posing an online security risk. Quantum computers, unlike the binary computers in common use today, can ...
Jun 09, 2021 (Gmt+09:00)
-
Korea's unicorn makers
KB Investment CEO says VC boom shouldn't be dismissed as mere bubble
South Korea-based venture capital firms are likely to see rankings shift once the glory days of lucrative exits in a liquidity-driven market are gon...
Jun 08, 2021 (Gmt+09:00)
-
Medicine
Celltrion, Mirae to take largest stake in UK biotech firm
South Korean biosimilar maker Celltrion Inc. and Mirae Asset Group have agreed to an investment that will render them the top shareholder in Iksuda ...
Jun 07, 2021 (Gmt+09:00)
language -
Korean chipmakers
Taiwanese fabless firms outwit Korean rivals in chip supercycle
Taiwanese fabless semiconductor firms, with backing from their hometown foundry companies, are reaping the benefits of higher chip prices and soarin...
Jun 06, 2021 (Gmt+09:00)
language -
Korean chipmakers
Samsung loses ground in foundry market as TSMC ties in with Japanese firms
Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...
Jun 01, 2021 (Gmt+09:00)
-
Korean startups
Luxury goods platform MUST'IT raises over $10 mn from VC firms
South Korea-based luxury goods platform MUST'IT has secured 13 billion won ($11.7 million) in a bridge round from venture capital firms Kakao Invest...
May 31, 2021 (Gmt+09:00)
-
IPOs
Lotte Rental kicks off $360 mn IPO process, seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has kicked off an initial public offering process to raise some 400 billion won ($36...
May 31, 2021 (Gmt+09:00)
-
Alternative investments
Hana buys Osaka logistics center for about $140 mn
South Korea's Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥...
May 28, 2021 (Gmt+09:00)
language -
OTT streaming
Kakao joins OTT race with INISOFT acquisition
Kakao Corp. is entering the over-the-top (OTT) streaming market. According to investment banking sources on May 27, Kakao’s entertainment and ...
May 27, 2021 (Gmt+09:00)
language -
Stake investments
Samsung Life buys 25% stake in Savills IM for $90 mn
Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...
May 27, 2021 (Gmt+09:00)
language -
Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
language -
Korean stock market
LG Chem stock plunges -6.73%, worst dip since March
LG Chem Ltd. suffered a broad sell-off on May 26, with more than 4 trillion won ($3.6 billion) of its market cap vanishing in a single trading day, ...
May 26, 2021 (Gmt+09:00)
-
Steel
China’s heavy imports of copper, steel scrap hurt Korean SMEs
South Korea’s massive exports of scrap steel and scrap copper to China are hurting its domestic companies that are struggling to secure the st...
May 26, 2021 (Gmt+09:00)
language -
Fintech
KakaoBank’s skyrocketing valuation fuels debate on financial reform
There have been near-endless debates regarding the “proper valuation” of KakaoBank, South Korea’s largest internet-only bank that ...
May 25, 2021 (Gmt+09:00)
-
Korean startups
Cloud firms rush to secure footing in pet data market
The pet care market is set to ride a "cloud wave" as companies make use of pet data on cloud storage spaces to tap into the growing pet care market,...
May 25, 2021 (Gmt+09:00)
-
Beauty & Cosmetics
Korean medical cosmetics firms make big rebound in Q1
South Korean medical cosmetics companies that underwent a tough year in 2020 are posting rejuvenated earning results thanks to s rise in demand in E...
May 24, 2021 (Gmt+09:00)
-
Korean startups
STIC Ventures invests $2 mn in Vietnamese logistics startup EcoTruck
South Korea-based venture capital firm STIC Ventures has recently invested $2 million in a Vietnamese logistics startup EcoTruck, a move aimed at bo...
May 24, 2021 (Gmt+09:00)
-
Earnings
Korean firms emerge triumphant from pandemic with record Q1 profits
South Korean companies have posted their best-ever quarterly sales and operating profits, emerging from a year-long slump caused by the global COVID...
May 21, 2021 (Gmt+09:00)
language -
Private equity
Baring PEA revives IPO plan for delivery firm Logen
Baring Private Equity Asia is joining a group of private equity firms that have just resumed the stalled process for initial public offerings of the...
May 17, 2021 (Gmt+09:00)
-
Korean chipmakers
Korean foundry firm DB HiTek sets new Q1 sales record
South Korea’s foundry company DB HiTek Co. has reported the highest quarterly revenue since its establishment in 1997. The company’s reg...
May 17, 2021 (Gmt+09:00)
language -
Asset management
Woori Financial takes over Franklin Templeton’s retail fund business
Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...
May 14, 2021 (Gmt+09:00)
-
ESG investment
LG Chem to invest $134 mn in incubator fund for firms with ESG tech
LG Chem Ltd., South Korea’s leading chemical and battery maker, said on Tuesday it is investing 150 billion won ($134 million) in an incubator...
May 11, 2021 (Gmt+09:00)
-
Energy
Korean oil companies to bask in rising refining margins, growing demand
Oil refiners in South Korea and across Asia have been among those hit hardest by the subdued demand amid the global pandemic. With increasing vaccin...
May 07, 2021 (Gmt+09:00)
-
COVID-19
Korean pharmas may turn into global vaccine makers on Biden remarks
South Korea’s biosimilar and pharmaceutical companies are looking at a growing chance of emerging as a global hub for manufacturing vaccines f...
May 07, 2021 (Gmt+09:00)
language -
Batteries
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...
May 06, 2021 (Gmt+09:00)
language -
Korean startups
Ad tech firm Moloco joins unicorn club via Series C round
Moloco Inc., a data-driven advertising solutions firm, has concluded its Series C funding round, rendering the company a newcomer to the unicorn clu...
May 04, 2021 (Gmt+09:00)
-
Refinanicng
Shinhan joins in Australian firm's $85 mn refinancing deal
South Korea's Shinhan Investment Corp. has participated in a A$110 million ($85 million) refinancing package for Australia's Entertainment and Educa...
May 02, 2021 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators