Offshore fund registration delays put asset managers in bind

South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...

Crypto exchange sale stalls amid Bitcoin boom

The sale process of Bithumb, South Korea's largest cryptocurrency exchange, is taking longer than expected due to a spike in its price tag as invest...

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...

NPS adds APG, IFM Investors, Thoma Bravo as managers in Q4

The National Pension Service (NPS) has entrusted funds to three overseas alternative investment firms newly hired in the fourth quarter of last year...

Hanwha Group leader Kim Seung-youn returns to management

Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...

SK Holdings raises $1 bn from block sale of SK Biopharm shares

South Korea's SK Holdings Co. has offloaded an 11% stake in SK Biopharmaceuticals Co. in a block trade for 1.1 trillion won ($1 billion) as part of ...

SK Bioscience eyes $900 mn annual sales from vaccine business

South Korea’s SK Bioscience Co. is looking to post 1 trillion won ($900 million) in annual revenue from its vaccine business as the biopharmac...

Korean Air kicks off biggest-ever rights offer to finance Asiana takeover

Korean Air Lines Co. has kicked off its 3.3 trillion won ($3 billion) rights offering, the biggest amount ever by any South Korean company, to help ...

E-commerce platform TMON raises $276 mn in pre-IPO share sale

South Korea’s e-commerce platform TMON Inc., majority-owned by KKR & Co. and Anchor Equity Partners, has completed its pre-IPO share sale ...

Coupang likely to get $1 bn credit line from IPO managers

South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...

Korea’s Optrontec eyes growth in optical lens sales as EVs take off

Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...

Hanwha Solutions to sell $1.3 bn new shares in clean energy push

Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...

LG Electronics' 2020 sales, operating profit hit all-time highs

South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...

IMF official warns against S.Korea’s short-sale ban

A senior official of the International Monetary Fund (IMF) on Thursday warned against the extended ban on stock short selling in South Korea, saying...

LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers

South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...

KDB mulls sale of HMM to POSCO

South Korea's state-run bank is considering selling HMM Co., the country's largest container line, to steelmaker POSCO as the shipping industry expe...

LG hires Kim & Chang as advisor for mobile division sale

LG Electronics Inc. has mandated South Korea’s largest law firm Kim & Chang as the legal advisor for its smartphone division sale, accor...

Korean LPs pick their 44 favorite alternative managers

Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...

Yogiyo sale gains steam as Baemin investors set for Q1 exit

Financial investors in South Korea's No. 1 food delivery app Baedal Minjok (Baemin) are set to exit in the first quarter of this year, closing t...

Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed

The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top So...

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...

Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate

The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...

Japan’s JSR reaches out to Lotte, LG for sale of synthetic rubber business

Japan’s JSR Corp. is reaching out to Korean chemical companies to dispose of its synthetic rubber business and focus instead on semiconductor ...

Korea Resources seeks sale of Australia coal mine to slash debt

Korea Resources Corp. is planning to sell its 82.25% stake in a coal mine in Australia, as part of efforts to cut its debt totaling 6.7 trillion won...

E-commerce giant eBay kicks off $4.6 bn sale of eBay Korea

E-commerce giant eBay Inc. has officially kicked off the sale process of eBay Korea Co., valued up to 5 trillion won ($4.6 billion), with its sa...

Samsung Elec steps up efforts for river management

Semiconductor manufacturing plants use an enormous amount of water, earning the semiconductor industry the nickname of "a thirsty business." Samsung...

Battery boom to drive POSCO Chem's $1.1 bn rights offering

South Korea-based POSCO Chemical Co. has begun preparations for its rights offering, to the delight of shareholders as the company’s share pri...

Kakao Bank wraps up $921 mn rights offering

South Korea's mobile-only bank has wrapped up its $920.5 million rights offering, placing the enterprise value at around 9.3 trillion won ($8.6 ...

Hanjin Heavy set for sale to Dongbu-led consortium

A South Korean consortium led by construction firm Dongbu Corp. has been picked as the preferred negotiator to buy a controlling stake in cash-strap...