Delivery Hero, Woowa $4 bn merger faces hiccup due to KFTC

The proposed merger between Germany-based Delivery Hero SE and South Korea's Woowa Brothers Corp. has hit a roadblock due to the Korea Fair Trade Co...

SK Group mulls headquarters buyback through REIT

Energy-to-telecom-focused SK Group is considering buying back its headquarters in Seoul through a real estate investment trust (REIT) vehicle after th...

Samsung, SK Hynix challenged by underdog Micron’s 176-layer NAND

South Korea’s leading chipmakers Samsung Electronics Co. and SK Hynix Inc. are being challenged by smaller rival Micron Technology Inc.’s ...

Amazon, SK Telecom join hands in Korea e-commerce market

SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...

Korean Air bid to acquire Asiana faces challenges, activist opposition

The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...

SK Holdings cryogenic biz eyes jackpot on hopes of imminent COVID-19 vaccine

South Korea's SK Holdings Co. may hit the jackpot with the development of a COVID-19 vaccine on the horizon.Once a coronavirus vaccine is available, t...

S. Korean stock market posts record-high market cap; SK biopharm added to MSCI

South Korea's benchmark Kospi reached a two-year high closing at 2485.87 points on Nov. 11, posting an eight-session winning streak driven by imminent...

SK Hynix’s 2020 non-memory chip sales seen to hit record high

SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...

Korean firms face triple whammy of soaring KRW, freight rates, Biden

South Korea’s major companies are facing a triple whammy of challenges — a stronger Korean currency, soaring seaborne and air freight rate...

SK Hynix vows to triple NAND sales in 5 years after strong Q3

SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...

SK Hynix and other affiliates to become 100% powered by renewable energy

South Korea's SK Holdings Co., along with seven of its affiliates have submitted applications to join RE100, a global coalition of multinational compa...

Samyang joins bid to acquire US-based chemical maker Emerald Kalama

Samyang Holdings Corporation, a South Korean manufacturer of food and chemical products, has joined the bid to acquire US-based Emerald Kalama Chemica...

SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO

SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...

SK Holdings' board underpins new standard in Korea

On Jul. 21, SK Holdings Co.'s board of directors rejected management's request to simplify the reporting procedure for investment proposals. Among the...

SK Telecom tackles 5G content business

South Korea's largest mobile carrier SK Telecom Co. aims to ramp up its 5G content business and foray into overseas markets to boost its presence in t...

SK Hynix to buy Intel’s NAND business in $9 bn cash deal

SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...

SK, KTCU see gains from Chinese startup’s Nasdaq IPO

SK Group and the Korean Teachers’ Credit Union (KTCU) may walk away with handsome gains from their joint investment of 360 billion won ($314 mil...

SK Telecom to spin off mobility unit, launch JV with Uber

SK Telecom Co. is spinning off its mobility platform business as a separate entity and also launching a joint venture with US ride-hailing company Ube...

SK Gas sets sights on liquid hydrogen as LPG market fizzles

SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) producer, is preparing to enter the liquid hydrogen manufacturing market as part ...

SK Innovation’s battery arm secures $258 mn in pre-IPO placement

SK Innovation Co.’s wholly owned subsidiary SK IE Technology Co. (SK IET) is set to fetch 300 billion won ($257.6 million) in a pre-IPO placemen...

SK sells 4.6% in Asian logistics property developer ESR for $408 million

South Korea’s SK Corp. has sold part of its stake in ESR Cayman Ltd., an Asian logistics real estate developer, for 480 billion won ($408 millio...

Bakery franchise Tous Les Jours draws Affirma Capital, chemical group as bidders

Bakery franchise Tous Les Jours, a division of CJ Foodville Corp., has drawn four preliminary bidders for its sale, including Singapore-based Affirma ...

IMM PE to sell Hollys Coffee to Korean chemical-to-steel group

Seoul-based IMM Private Equity is in the final stages of talks to sell South Korea’s Hollys Coffee to the country’s chemical- to steel-foc...

SK Hynix to issue $500 mn in dollar bonds to brace for protracted slowdown

South Korea’s SK Hynix Inc. plans to raise $500 million by issuing dollar-denominated bonds in October to gird itself for a protracted industry ...

[Focus] Korean unicorns face reality check from US startups poised for IPOs

With a number of high-profile US startups in line for initial public offerings, investors in South Korean startups may be looking to Wall Street for c...

Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake

Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...

Former Toshiba Memory eyes October IPO; will SK Hynix take profit?

Global memory-chip maker Kioxia Holdings Corporation is poised for listing on the Tokyo Stock Exchange in October, set to be Japan's biggest initial p...

Samsung, SK Hynix brace for chip price falls on upgrades

Oversupply and higher inventories of memory chips have clouded the business outlook for chipmakers, including Samsung Electronics Co. Ltd. and SK Hyni...

SK Eng beats Goldman, Keppel in $846 mn bid for Korean waste treatment firm

SK Engineering & Construction Co. Ltd. has beat Goldman Sachs Merchant Banking Division, Singapore’s Keppel Infrastructure Holdings and two ...

Samsung, SK Hynix on toes as US tightens restrictions on Huawei

Korean chipmakers Samsung Electronics Co. and SK Hynix Inc. are on guard as the US Department of Commerce toughens its restrictions on Chinese tech co...