record-high sales revenue
Scope
Date
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IPOs
Lotte Rental shelves share sale plan as IPO market cools
Lotte Group has indefinitely postponed its plan to list Lotte Rental Co., in the latest sign of a cooldown in the local initial public offering market...
Oct 28, 2020 (Gmt+09:00)
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Post Lee Kun-hee
Samsung heirs’ $9 bn tax bill may lead to share sale, weak control
The three children and the wife of Samsung Group Chairman Lee Kun-hee, who died on Oct. 25 at the age of 78, is expected to face inheritance taxes of ...
Oct 25, 2020 (Gmt+09:00)
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Biotech stocks
Once high-flying bio stock hit by financial scandal
Helixmith Co., once No.2 stock on the junior Kosdaq market, has lost 40% in the past week following its disclosure of $233 million investment in high-...
Oct 21, 2020 (Gmt+09:00)
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Earnings
LG Chem’s Q3 profit soars, battery earnings at record high
South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...
Oct 21, 2020 (Gmt+09:00)
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Foreign exchange
Korean won hits 19-month high; all eyes on US election
The South Korean won is riding high against the dollar amid expectations of a new US stimulus package, as presidential candidate Joe Biden’s lik...
Oct 21, 2020 (Gmt+09:00)
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Central bank
Bank of Korea keeps rate steady at record low; signaling no further action
The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...
Oct 14, 2020 (Gmt+09:00)
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Earnings
LG Chem surprises market with record Q3 earnings estimates
LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...
Oct 12, 2020 (Gmt+09:00)
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LG Electronics
LG Electronics expects record Q3 results on brisk home appliance, TV sales
LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...
Oct 08, 2020 (Gmt+09:00)
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Samsung Electronics
Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei
Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...
Oct 08, 2020 (Gmt+09:00)
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Samsung Electronics, Huawei Technologies, Apple
Samsung Elec flags surprise Q3 profit; to reach 2-yr high on phones, Huawei
Samsung Electronics Co.’s third-quarter profit likely jumped nearly 60% to its highest point in two years, smashing market expectations, thanks ...
Oct 08, 2020 (Gmt+09:00)
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Automobiles
Robust SUV sales drive Korean carmakers’ US market share to 9-yr high
South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...
Oct 05, 2020 (Gmt+09:00)
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IPOs
Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses
Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...
Oct 05, 2020 (Gmt+09:00)
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Heavy Industries
Korea’s Hanjin Heavy up for sale, preliminary bidding by Oct. 26
Creditors of Hanjin Heavy Industries & Construction Co. will put the cash-strapped South Korean shipbuilder up for sale next month as the lenders ...
Sep 28, 2020 (Gmt+09:00)
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Tech
Samsung creeps up on Apple in US online smartphone sales
Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...
Sep 25, 2020 (Gmt+09:00)
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M&As
Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28
Doosan Infracore Co., South Korea’s top construction equipment maker, plans to sell 100 billion won ($85.4 million) in corporate bonds to raise ...
Sep 25, 2020 (Gmt+09:00)
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Restructuring
Kumho Asiana Group eyes sale of affiliate golf course and resort
Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...
Sep 21, 2020 (Gmt+09:00)
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AXA General sale off to shaky start with Kyobo Life as sole bidder
The sale process of AXA General Insurance Co. got off to a shaky start with only Kyobo Life Insurance Co. making a preliminary bid on Sept. 18. S...
Sep 18, 2020 (Gmt+09:00)
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Markets
Korea’s major companies’ Q2 overseas sales drop 20% due to pandemic
South Korea’s top 100 companies saw their overseas sales shrink by a fifth in the second quarter from the year-earlier period, weighed by the fa...
Sep 07, 2020 (Gmt+09:00)
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Restructuring
Doosan Heavy to wrap up first-round restructuring with $1.1 bn new share sale
Doosan Heavy Industries & Construction Co. Ltd., the debt-ridden South Korean power plant builder, is set to wrap up the first round of its debt r...
Sep 04, 2020 (Gmt+09:00)
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Doosan Group
Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn
Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...
Sep 04, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Sale of Doosan Infracore kicks off; preliminary bidding by Sept. 22
The sale process for Doosan Infracore Co. is under way, with the preliminary bidding deadline for a controlling stake in South Korea's top constructio...
Sep 03, 2020 (Gmt+09:00)
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Corporate governance
Samsung Life shares rally as governance issue looms on likely stake sale
Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...
Sep 02, 2020 (Gmt+09:00)
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Markets
Longer-dated govt bond yields creep up as investors foresee more treasury sales
South Korea’s government bond yields are heading north despite the gloomy business outlook as institutional investors expect more government-iss...
Sep 01, 2020 (Gmt+09:00)
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Markets
Sale of Korea’s bank debentures hits all-time high as capital reserves shrink
Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...
Sep 01, 2020 (Gmt+09:00)
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Energy storage system
Korean ESS companies ramp up overseas business eyeing 40% revenue hikes
South Korean tech heavyweights Samsung SDI Co. and LG Chem Ltd. are expected to expand their market share as they secure hefty energy storage system (...
Aug 31, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games bookbuilding draws record-high demand
Kakao Games Corp. posted record-high demand during its bookbuilding for institutional investors on August 25 and 26, according to the company's regula...
Aug 31, 2020 (Gmt+09:00)
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Korean Air
Korean Air seals $835 mn in-flight business sale to private equity firm
Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...
Aug 25, 2020 (Gmt+09:00)
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dollar bond
KT issues $400 mn dollar-denominated bond with record-low 1% interest rate
South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...
Aug 25, 2020 (Gmt+09:00)
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Corporate bankruptcy
Corporate bankruptcy filings hit all-time high in Korea amid global pandemic
Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...
Aug 21, 2020 (Gmt+09:00)
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Central bank
Record-high Q2 Korean household debt heats up property, stock markets
South Korea’s household debt surged to the highest level in its history in the second quarter of the year, led by soaring mortgage loans and sec...
Aug 21, 2020 (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