Moderna deal shows Korea’s prowess as global hub for biopharma CMO
South Korea is emerging as a global hub for the contract manufacturing of biopharmaceuticals following its latest deal to procure COVID-19 vaccines ...
CJ wraps up $366 mn pre-IPO for top beauty chain
CJ Group has completed its pre-IPO placement for CJ Olive Young, the group’s health and beauty brand, with Glenwood Private Equity securin...
Korea’s liquidity-driven IPO market sets slew of fresh records in 2020
As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publ...
S.Korea maintains global lead in shipbuilding industry
Thanks to winning the most orders this year, South Korea’s shipbuilding industry has solidified its lead in the global shipbuilding market for...
SoftBank-backed Coupang enters Korea’s competitive video streaming arena
South Korea’s e-commerce giant Coupang Corp. has thrown down the gauntlet to compete against Netflix Inc. and other local streaming service pr...
Two US firms win $200 mn Korea Post infrastructure mandate
Argo Infrastructure Partners and Stonepeak Infrastructure Partners were chosen as Korea Post’s new overseas infrastructure investment managers...
Glenwood PE to acquire minority stake in Korea's largest beauty chain
CJ Group has selected Glenwood Private Equity as the buyer of a minority stake in South Korea’s No. 1 health and beauty store CJ Olive Young...
Korea’s retail investors shed loser image, turn pandemic into bonanza
In South Korea, as the saying goes, the stock market is at its peak if a swarm of individual investors go on a buying spree, often leading to heavy ...
Korea’s treasury yields climb on hopes of vaccines, more bond issues
South Korea’s treasury yields are heading higher as advances in vaccine development and concerns over increased government bond sales prompt f...
Korea’s cloud management firm Bespin Global considers Nasdaq listing
Bespin Global, a South Korean cloud technology consulting and management company, is considering listing its shares on the US tech-heavy Nasdaq mark...
CJ in renewed push to sell animal feed maker for over $1.8 bn
CJ Cheiljedang Corp., South Korea’s top food company, has again put up for sale its animal feed assets, after talks to sell the fully owned un...
Korea’s venture capital firms poised to grow, no bubble seen in market
Growth in South Korea’s venture capital investments has been slow relative to the pace of the country’s economic growth, creating an opp...
NPS, Korea Post back JKL Partners' $687 mn PE fund
South Korea's JKL Partners has closed a 750 billion won ($687 million) private equity fund, backed by the National Pension Service, Korea Developmen...
Korea Superfreeze readies for mass COVID-19 vaccine storage
It's a busy day at the Korea Superfreeze warehouse in South Korea's Gyeonggi province, with trucks entering and exiting the spacious 92,500-square...
Korea’s commercial law revisions irk businesses, limit top shareholders’ clout
The National Assembly on Wednesday passed a series of commercial law revisions designed to limit business owners’ clout and enhance supervisio...
Bank CEOs in Korea pick big tech as top 2021 challenge
Chief executives of banks operating in South Korea have picked the emergence of big technology companies and fintech startups in the credit market a...
Korea Post seeks two direct lending funds for $200 mn mandates
Korea Post’s savings arm plans to select two global direct lending funds focusing on North America and Europe and commit $100 million to each ...
Korea’s personal pensions gamble with risky stocks for higher returns
South Korea’s individual pension fund holders are moving their money out of banks and insurance companies into brokerages in pursuit of higher...
Carlyle in final-stage talks to buy Korea’s No. 2 bakery chain
The Carlyle Group is in final stages of talks to buy South Korea’s No. 2 bakery chain Tous Les Jours from the country’s food and enterta...
Korea’s KIP eyes Europe, China VC fund launches in 2021
Korea Investment Partners Co. (KIP), South Korea’s largest venture capital firm, is aiming to launch two overseas investment funds next year &...
Korea Inc. braces for tough year as strong KRW kicks in
South Korean exporters are bracing for a tough year with their profits poised to languish, hit by the strong won, amid expectations for a rebound in...
Venture capital investments hit all-time high in S.Korea
Venture capital investments in South Korea are seeing a speedy recovery after facing a setback earlier this year due to the COVID-19 crisis. Over th...
Dongkuk makes strongest steel bar in S.Korea
Steelmaker Dongkuk Steel Mill Co. has become the first South Korean company to develop a reinforcing bar, or rebar, that can withstand 12.2 tons per...
Korea set to overtake Japan as No. 5 exporter by 2026
South Korea is set to overtake Japan and become the world’s No. 5 export powerhouse by 2026 on grounds that the country will maintain its cu...
Tax cuts, pandemic lift imported car sales in Korea
Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...
PEFs gaining clout in Korea’s broader M&A sectors
Private equity firms have been leading South Korea’s mergers and acquisitions markets in a broader range of sectors in recent years, represent...
S.Korea's airline restructuring hits turbulence with activist fund opposition
South Korea’s airline restructuring is experiencing some turbulence after an activist group has filed an injunction threatening the proposed m...
Goldman Sachs’ $14 bn credit fund draws $260 mn from Korea
South Korea’s Police Mutual Aid Association (PMAA) and financial services firms, including Samsung Securities Co., have committed $260 million...
Global funds flow into S.Korea as investors look to life after COVID-19
An increasing amount of global funds are flowing into South Korea as advances in COVID-19 vaccine development and a weaker dollar boost investors&rs...
Wine sales in S.Korea surge amid COVID-19 lockdown
E-Mart Inc., one of South Korea’s largest retailers, saw its annual wine sales exceed 100 billion won ($90.3 million) for the first time as ...
