Startup accelerator FuturePlay pushes ahead with IPO 

Startup accelerator FuturePlay pushes ahead with IPO 

Startup accelerator FuturePlay is pushing ahead with an initial public offering. The decision follows similar moves by Korean venture capital and ac...

NTT DoCoMo sells $370 mn KT shares to Shinhan Bank

NTT DoCoMo sells $370 mn KT shares to Shinhan Bank

Japan's mobile phone operator NTT DoCoMo has sold all its shares in KT Corp., worth 437.5 billion won ($370 million), to Shinhan Bank which formed a...

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering’s new business keywords: Hydrogen, mini reactors

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Lotte acquires Chicago-based hotel for $36 mn K-style rebrand

Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...

Creditors to unveil new plans next week to sell DSME

Creditors to unveil new plans next week to sell DSME

Creditor banks of South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) are mulling new ways to find a new owner of the debt-ridden ...

Bank of Korea may hike rates this week to curb inflation, household debt

Bank of Korea may hike rates this week to curb inflation, household debt

South Korea’s central bank is almost certain to raise interest rates on Friday to curb inflation and household debt as the US Federal Reserve ...

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy IPO fever lifts Korea’s battery stocks

LG Energy Solution Ltd., the world’s No. 2 battery maker, attracted a record $9.65 trillion demand for South Korea’s largest-ever initia...

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy sets new IPO record with $9.65 trillion investor demand

LG Energy Solution Ltd., the world’s second-largest battery maker, has set a new record for an initial public offering with demand for its sha...

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy takes on CATL as it prepares for Korea’s largest-ever IPO

LG Energy Solution Ltd. has vowed to outrival the world’s top battery player CATL as the South Korean company is preparing for the country&rsq...

Korean REITs total assets surpass $58 bn in 2021

Korean REITs total assets surpass $58 bn in 2021

The combined total assets of real estate investment trusts (REITs) in Korea surpassed 70 trillion won ($58.4 billion) as of the end-2021, 20 years a...

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco, a contract development and manufacturing organization (CDMO) for pharmaceuticals, is slated to raise 400 billion ($332.2 million) to 6...

Kospi short sales hit $639 mn amid rate hike woes

Kospi short sales hit $639 mn amid rate hike woes

Short selling on the Korean stock market is soaring rapidly on concerns over the US Fed Reserve’s interest rate hike. Particularly, a large ...

Korean won touches 18-month low as Fed may raise rates sooner

Korean won touches 18-month low as Fed may raise rates sooner

South Korea’s won currency hit a 1-1/2-year low as the US Federal Reserve signaled the central bank may raise interest rates sooner than expec...

Export-Import Bank of Korea eyes $3 bn global bond sale

Export-Import Bank of Korea eyes $3 bn global bond sale

The Export-Import Bank of Korea (KEXIM) is planning to sell up to $3 billion worth of new global bonds this week, tipped to be the largest-ever bond...

Former K-pop dancer turns to AI for personal training services

Former K-pop dancer turns to AI for personal training services

When Dia Kang first moved to Silicon Valley in October 2016 to create a dance app to learn K-pop moves, there was no worldwide pandemic. By Jan...

LG Energy to heat up Korea’s record IPO market in 2022

LG Energy to heat up Korea’s record IPO market in 2022

South Korea’s initial public offering market is expected to set a record in 2022, heating up from the start of the year as LG Energy Solution ...

Pension funds sell net $21 bn worth of shares in 2021

Pension funds sell net $21 bn worth of shares in 2021

South Korea’s pension funds sold a net 24.5 trillion won ($20.6 billion) worth of Kospi and Kosdaq stocks this year, the largest annual ne...

KFCC to increase alternative assets to 40% in three years

KFCC to increase alternative assets to 40% in three years

MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...

Korea’s IPO market renews record highs

 Korea’s IPO market renews record highs

South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...

Retirement packages unexpectedly benefit young talent

Retirement packages unexpectedly benefit young talent

Voluntary retirement packages, often coming with generous compensation, have been adopted by companies as a way to let go of older or redundant empl...

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo sells whisky business to Bayside-led consortium for $194 mn

Diageo Korea Co., London-headquartered multinational beverage alcohol company Diageo plc’s Korean affiliate and the biggest whisky importer in...

HK inno.N’s K-CAB a blockbuster drug with $843 million exports

HK inno.N’s K-CAB a blockbuster drug with $843 million exports

South Korea’s HK inno.N Corp. has signed a 640 billion won ($540 million) contract to license out its technology for K-CAB, a gastroesophageal...

Hyundai Engineering to make hydrogen from plastic waste

Hyundai Engineering to make hydrogen from plastic waste

Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...

Kyobo Life eyes 2022 IPO to end feud with investors

Kyobo Life eyes 2022 IPO to end feud with investors

Kyobo Life Insurance Co. on Tuesday applied for a preliminary review of its public listing with the Korea Exchange, three years after it canceled th...

Strong Ventures, KB Investment invest in K-pop metaverse

Strong Ventures, KB Investment invest in K-pop metaverse

South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...

Unicorns like Socar and Kurly to dominate Q2 IPOs

Unicorns like Socar and Kurly to dominate Q2 IPOs

Korea’s first mobility unicorn Socar and an online grocery delivery service operator Kurly Inc. are scheduled to begin the process of an IPO e...

Money moves back to safe assets in Korea amid rising interest rates

Money moves back to safe assets in Korea amid rising interest rates

With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...

Korea’s No. 2 art auction house to go public in Jan

Korea’s No. 2 art auction house to go public in Jan

K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...

Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space

Dunamu, Naver Z invest $8.5 mn in metaverse firm Persona Space

Persona Space, a subsidiary of South Korean metaverse company Galaxy Corp., said on Dec. 16 it has attracted 10 billion won ($8.5 million) investm...

Hyundai Oilbank applies for first-half IPO in 2022

Hyundai Oilbank applies for first-half IPO in 2022

Hyundai Oilbank Co., part of South Korea's Hyundai Heavy Industries Holdings Co., on Monday submitted an application for an initial public offering,...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale