fund raising
Scope
Date
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Food & Beverage
Soju no longer working-class liquor
HiteJinro Co., South Korea’s largest soju maker, will raise the price of its soju and beer products by about 7% next month to reflect higher c...
Oct 31, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte builds US antibody-drug conjugate plant with $82 mn
South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...
Oct 31, 2023 (Gmt+09:00)
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Investment banking
Korea Investment, Carlyle Group sign strategic partnership
Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...
Oct 27, 2023 (Gmt+09:00)
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Private debt
Whole loans offer funding solution for stretched borrowers: Savills IM
Despite the challenging economic environment, there are still plenty of opportunities for profit in commercial real estate, notably through debt i...
Oct 26, 2023 (Gmt+09:00)
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Korean startups
S.Korea’s startups see Sept. investment surge 85%
South Korea’s startups last month saw investment rise for the first time this year.The Seoul-based Startup Alliance, a private support organiz...
Oct 26, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Card's Kazakhstan arm secures $60 mn from IFC
Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a $60 million investment from the International Finance Cor...
Oct 25, 2023 (Gmt+09:00)
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Korean games
S.Korean game developer Smilegate, angel of local startups
Smilegate, South Korean developer of the world’s top first-person shooter game Crossfire, is raising investments in domestic startups despite ...
Oct 22, 2023 (Gmt+09:00)
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Business & Politics
South Korea attracts more African countries to food project
South Korea is increasing the number of African countries participating in its official development assistance (ODA) project to alleviate the chroni...
Oct 20, 2023 (Gmt+09:00)
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Food & Beverage
Korea steps up pressure on private sector to ease inflation
South Korea is intensifying pressure on the private sector to curb inflation by forcing companies such as food and beverage makers not to raise prod...
Oct 20, 2023 (Gmt+09:00)
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Central bank
BOK chief says inflation may ease more slowly than expected
South Korea’s central bank chief on Thursday said inflationary pressure in Asia’s fourth-largest economy may ease more slowly than earli...
Oct 19, 2023 (Gmt+09:00)
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Electric vehicles
POSCO Int’l completes Mexico EV motor core plant for N.American market
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., concluded construction on an electric...
Oct 18, 2023 (Gmt+09:00)
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Economy
Korea Inc.’s record short-term borrowing raises specter of debt overhang
South Korea’s short-term corporate loan growth is picking up at a fast pace, stirring concern among some analysts who see parallels to the 200...
Oct 18, 2023 (Gmt+09:00)
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Mobile networks
One Store secures $14.8 mn investment from Krafton
South Korean homegrown app store One Store Co. has attracted a 20-billion-won ($14.8-million) investment from Krafton Inc. The company's goal is to ...
Oct 17, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Korea's Harim to divest of Hanjin KAL shares to fund HMM acquisition
South Korea’s poultry processing company Harim Group is set to sell off all its Hanjin KAL Co. shares its affiliate owns to secure capital for...
Oct 17, 2023 (Gmt+09:00)
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Corporate strategy
Lotte leads corporate push to raise Korea’s dismal birthrate
South Korea’s dreadfully low birthrate — the world’s lowest — is not just a concern for politicians or government officials....
Oct 16, 2023 (Gmt+09:00)
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Alternative investments
KIC heavily relies on foreigners for alternative investments
Korea Investment Corporation (KIC) entrusted most of its money for investments in alternative assets such as real estate and private equity to forei...
Oct 13, 2023 (Gmt+09:00)
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Chemical Industry
S.Korea's SKC to sell polyurethane raw material unit for $304 mn
South Korean chemical material company SKC Ltd. is selling its unit for raw materials of polyurethane (PU), a chemical substance.The company’s...
Oct 13, 2023 (Gmt+09:00)
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Korean startups
Ably, Meta develop AI-based ad measurement tech
South Korean fashion commerce platform Ably Corp. on Thursday announced the world’s first artificial intelligence (AI)-based technology for as...
Oct 12, 2023 (Gmt+09:00)
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Shareholder activism
KT&G faces another legal battle with Korean activist fund
Singapore-based private equity firm Flashlight Capital Partners Pte. said Monday that it has filed court injunctions against KT&G Corp., beginni...
Oct 10, 2023 (Gmt+09:00)
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Chemical Industry
LG Display, LG Chem develop homegrown OLED material
South Korea’s LG Display Co. and LG Chem Ltd. have domestically produced a core material for organic light-emitting diode (OLED) that they pre...
Oct 10, 2023 (Gmt+09:00)
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Bio & Pharma
SK Plasma gets investment from Indonesian fund
South Korea’s SK Plasma on Tuesday said it signed a term sheet, or a nonbinding agreement on the basic terms and conditions of an investment, ...
Oct 10, 2023 (Gmt+09:00)
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Automobiles
Hyundai to hike Exter SUV output to capitalize on void in India
Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...
Oct 09, 2023 (Gmt+09:00)
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Bio & Pharma
NKMax's US subsidiary listed on Nasdaq
South Korean natural killer (NK) cell drugmaker NKMax Co. on Wednesday said its US subsidiary NKGen Biotech on Monday was listed on the Nasdaq Globa...
Oct 05, 2023 (Gmt+09:00)
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Bio & Pharma
NeoCannBio completes $7.4 mn series B funding
South Korea's NeoCannBio, a medical cannabis startup backed by the Korea Institute of Science and Technology (KIST), announced on Tuesday that it ha...
Sep 26, 2023 (Gmt+09:00)
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Batteries
EcoPro Materials to quadruple precursor output by 2027
South Korea's precursor manufacturer EcoPro Materials, aims to quadruple its production capacity by raising funds between 524 billion won ($390 mill...
Sep 26, 2023 (Gmt+09:00)
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Venture capital
S.Korean startups, VC seek money, business opportunities in Japan
South Korean startups and venture capitalists battered by chilled investor sentiment amid rising interest rates and slowing economic growth at home ...
Sep 22, 2023 (Gmt+09:00)
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Private equity
Shinyoung Asset, Baillie Gifford launch global growth stock fund
Shinyoung Asset Management Co. has joined hands with Baillie Gifford & Co., a UK investment management firm, to launch a long-term growth stock ...
Sep 21, 2023 (Gmt+09:00)
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Batteries
LG Energy raises $1 bn in bonds for EV battery production
LG Energy Solution Ltd., the world’s second-largest battery manufacturer, said on Tuesday it has raised $1 billion by selling its first global...
Sep 19, 2023 (Gmt+09:00)
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Leadership & Management
Samsung’s canine love rewarded as its guide dog school turns 30
Back in the 1990s, South Korea was internationally denounced as a country where people eat dog meat.People hardly recognized nor paid attention to t...
Sep 19, 2023 (Gmt+09:00)
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Private equity
Korea's STX denies rumors it is backed by Chinese fund
South Korean general trading company STX Corp. has said its largest shareholder is a local investment firm, refuting false reports swirling in the m...
Sep 15, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet