financial holding firm
Scope
Date
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Pension funds
NPS commits $723 mn to MBK, 3 other managers for Korean PEs
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has hired four investment firms – MBK Partne...
Jul 15, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom's X Caliber enters N.American pet market
South Korea's SK Telecom Co. announced on Monday that it signed a distribution agreement with Canadian pet medical equipment company Nuon & Nikk...
Jul 15, 2024 (Gmt+09:00)
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Bio & Pharma
Daewoong wins permission for Nabota in Argentina
South Korea's Daewoong Pharmaceutical Co. announced on Monday that its botulinum toxin Nabota received product approval from Argentina's National Ad...
Jul 15, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Financial builds disaster response system
South Korea's Shinhan Financial Group announced on Sunday that it established a disaster response system to provide swift and substantial assistance...
Jul 15, 2024 (Gmt+09:00)
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Investment banking
Samsung Securities’ IB head to quit amid talent outflow
Lee Jae-hyun, who has led one of Samsung Securities Co.'s investment banking divisions for two years, has recently expressed his intention to quit, ...
Jul 12, 2024 (Gmt+09:00)
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Banking & Finance
Hana Financial mulls non-banking M&As for growth: CEO
Hana Financial Group, one of South Korea's top five financial groups, is mulling mergers and acquisitions in non-banking sectors in a bid to seize n...
Jul 12, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai qualifies to compete for US Navy MRO
South Korea's HD Hyundai Heavy Industries Co. announced on Thursday that it signed a Ship Maintenance Relations Agreement (MSRA) with the US Navy. I...
Jul 12, 2024 (Gmt+09:00)
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Investment banking
SK Securities becomes lead IPO manager for 1st time since 2018
SK Securities Co., formerly a unit of South Korea’s No. 2 conglomerate SK Group, is expanding its presence in the domestic equity capital mark...
Jul 10, 2024 (Gmt+09:00)
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Pension funds
Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2
The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea&...
Jul 10, 2024 (Gmt+09:00)
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The KED View
Don’t dwell on Korea discount; light up visibility on global stage
To the world, South Korea is well known as home to the world’s top two memory chipmakers, Samsung Electronics Co. and SK Hynix Inc., but it is...
Jul 10, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Aerospace to export $938mn K9 howitzer to Romania
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, signed a 1.3 trillion won ($938 million) contract to supply ...
Jul 10, 2024 (Gmt+09:00)
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Artificial intelligence
Lunit eyes developing markets with AI cancer diagnostics
Lunit Inc., a South Korean cancer diagnostics AI company, will accelerate its inroads into developing markets grappling with inadequate cancer diagn...
Jul 09, 2024 (Gmt+09:00)
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Electric vehicles
Humax, HeyCharge collaborate on EV charger
South Korea's mobility solutions company Humax Co. announced on Monday that it partnered with the Germany-based electric vehicle (EV) charging techn...
Jul 08, 2024 (Gmt+09:00)
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Travel & Leisure
KTO holds Visit Korea Alliance exhibition for foreigners
The Korea Tourism Organization (KTO) announced on Monday that it will hold a VK Alliance Products and Services Special Exhibition for foreigners thr...
Jul 08, 2024 (Gmt+09:00)
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Asset management
Young rich Koreans: Financially literate, self-directing
Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...
Jul 05, 2024 (Gmt+09:00)
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Banking & Finance
Meritz to return 50% of net profit to shareholders
Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...
Jul 05, 2024 (Gmt+09:00)
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Korean stock market
KB Securities downgrades LIG Nex1's investment opinion
KB Securities Co. on Tuesday raised the target price for LIG Nex1 Co. from 195,000 won ($140.4) to 200,000 won amidst a recent significant rise in...
Jul 02, 2024 (Gmt+09:00)
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Cloud computing
AhnLab launches integrated cloud service corporation
South Korea's AhnLab Inc. announced on Monday that it launched an integrated corporation named AhnLabCloudMate to oversee its cloud operation and ...
Jul 02, 2024 (Gmt+09:00)
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Economy
S.Korea’s inflation holds below 3% for 3rd straight month
South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of increase in 11 months, ...
Jul 02, 2024 (Gmt+09:00)
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Fiber & Textile
Kolon launches composite materials firm Kolon Spaceworks
South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...
Jul 01, 2024 (Gmt+09:00)
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Pension funds
Korea’s military fund taps ex-president of Woori Financial as CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...
Jun 28, 2024 (Gmt+09:00)
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Korean chipmakers
South Korea sets sights on fostering EDA tech to win HBM chip war
In an escalating war in the semiconductor industry, insiders know there’s one technology critical for gaining chip supremacy: Electronic desig...
Jun 28, 2024 (Gmt+09:00)
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Petrochemicals
Lotte Chemical's rating outlook cut on worsening financials
South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...
Jun 28, 2024 (Gmt+09:00)
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E-commerce
Shopee to ramp up Korean goods sales in Vietnam, Thailand
Shopee Pte. Ltd., an e-commerce operator, plans to quadruple sales of South Korean products in Vietnam and Thailand by 2025 aiming to expand its glo...
Jun 27, 2024 (Gmt+09:00)
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Banking & Finance
Woori Financial, Natixis to manage global private equity fund
South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...
Jun 27, 2024 (Gmt+09:00)
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Executive reshuffles
Lotte Group's heir apparent joins Japan holding firm's board
Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...
Jun 27, 2024 (Gmt+09:00)
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Markets
Kolmar Holdings to cancel $14.4 mn worth of its shares
South Korea's Kolmar Holdings Co. , Kolmar Group's holding company, announced on Wednesday that it will implement a value-up program to enhance corp...
Jun 26, 2024 (Gmt+09:00)
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Markets
Korea's bet on US assets up on bull stocks, EV incentives
South Korea’s financial assets in the US hit a record high last year due to the US stock market rally and Korean companies’ capital inje...
Jun 25, 2024 (Gmt+09:00)
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Corporate governance
Woori adopts Samsung culture index for internal controls
Woori Financial Group has adopted Samsung Electronics Co.'s Samsung Culture Index (SCI) to tighten its internal controls, which will be given more w...
Jun 25, 2024 (Gmt+09:00)
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Steel
Hyundai Steel builds global sales network of low-carbon steel
South Korea’s Hyundai Steel Co. announced on Tuesday that it signed a memorandum of understanding (MOU) with European customers to sell low-ca...
Jun 25, 2024 (Gmt+09:00)
Latest News
- 1 Invesco, SK D&D likely to buy co-living building in Seoul
- 2 Coupang bids for Korean luxury market dominance with Farfetch
- 3 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 4 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 5 Korea to allow non-profits to buy bad consumer loans