stock swap deal
Scope
Date
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Robotics
Samsung gets $191 million profit valuation from investment in Rainbow Robotics
Samsung Electronics Co. is found to have earned 250 billion won ($191 million) in profit valuation from its investment made two months ago in Rainbo...
Mar 20, 2023 (Gmt+09:00)
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Markets
Korean ETP market doubles amid increasing distrust of fund managers
South Korea’s exchange-traded product (ETP) market has doubled in four years as more investors preferred their own trades to discretionary inv...
Mar 20, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Daewoo Shipbuilding lands record LNG carrier deal from Greece
Daewoo Shipbuilding & Marine Engineering Co., one of the world’s largest shipbuilders, secured a $512 million contract to build two ...
Mar 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Qoo10 to buy another Korean rival for unit’s Nasdaq listing
Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...
Mar 14, 2023 (Gmt+09:00)
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Food & Beverage
Nongshim lands deal to export smart farms to Saudi Arabia
South Korea's food and beverage giant Nongshim Co. will export smart farms to Saudi Arabia, following a similar deal with the United Arab Emirates (...
Mar 13, 2023 (Gmt+09:00)
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Banking & Finance
BC Card signs contracts for Indonesia's digital payment project
BC Card Co., a South Korean credit card company, said on Friday it has signed two contracts to provide digital payment services for Indonesia’...
Mar 10, 2023 (Gmt+09:00)
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Real estate
Number of commercial building transactions in Seoul hits all-time low
The number of commercial and office building transactions in Seoul hit an all-time low in January.Realty Planet, a big data-based commercial real es...
Mar 09, 2023 (Gmt+09:00)
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Korean stock market
Foreign investors net buyers of Korean stocks for 5th straight month
Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...
Mar 09, 2023 (Gmt+09:00)
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ESG
POSCO Flow to assist World Vision in transportation of relief goods
POSCO Flow, a logistics partner of World Vision, agreed on Tuesday to help transport relief and sponsorship goods for the humanitarian organization ...
Mar 08, 2023 (Gmt+09:00)
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Banking & Finance
KEXIM bank inks $6 billion financing deal with Aramco
The Export-Import Bank of Korea said on Tuesday it has signed a three-year framework agreement with Saudi Arabian Oil Co.(Aramco), to provide up to ...
Mar 08, 2023 (Gmt+09:00)
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Food & Beverage
Korea’s SPC Samlip, Siam Makro to tie up for Thai bakery business
SPC Samlip Corp., a unit of South Korea’s food and bakery giant SPC Group, said on Monday it has forged a business partnership with Siam Makro...
Mar 06, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea-Indonesia central banks renew currency swap agreement
Central banks of South Korea and Indonesia renewed a bilateral local currency swap arrangement to keep supporting trade and financial cooperation fo...
Mar 06, 2023 (Gmt+09:00)
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Shareholder activism
KT&G’s hidden saviors in activist fight: In-house funds
KT&G Corp., the world’s fifth-largest tobacco maker, will likely get support from in-house shareholders in a battle against activist funds...
Mar 06, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion ex-Chairman Seo set to return to management; group stocks rally
South Korea’s biosimilar giant Celltrion Group’s founder and Honorary Chairman Seo Jung-jin is readying to return to management just two...
Mar 03, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems begins developing active protection system for combat vehicles
South Korea's defense and IT service company Hanwha Systems Co. will develop core technology for an active protection system (APS), or state-of-the-...
Mar 03, 2023 (Gmt+09:00)
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Advertising & Marketing
S.Korea's Igaworks inks deal with Thai ad agency for data solutions
Igaworks, a big data platform company from South Korea, announced on Thursday a strategic partnership and solution supply deal with YDM Thailand, th...
Mar 03, 2023 (Gmt+09:00)
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Pension funds
S.Korea's NPS likely to log 8.2% loss for 2022, record-low return
South Korea’s National Pension Service (NPS) is expected to post a negative return of 8.2% for 2022, according to its preliminary report on Th...
Mar 02, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics bags $183 million CMO order from Pfizer
Samsung Biologics Co., the world’s No. 1 contract drug maker in terms of production capacity, has won a $182.7 million contract manufacturing ...
Mar 02, 2023 (Gmt+09:00)
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Electric vehicles
S.Korean EV charger maker lands $770 mn export deal in North America
South Korea's Moderntec, an electric vehicle (EV) charging solutions company, on Wednesday said it signed a three-year export contract with a partne...
Mar 02, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE loses 1st battle against Kakao for SM Entertainment
South Korea’s HYBE Co. lost its first battle against dominant local mobile platform Kakao Corp. over SM Entertainment Co. as the label behind ...
Feb 28, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea's KAI signs $105 mn deal to supply parts for Boeing aircraft
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, said on Tuesday it has signed a deal to produce and suppl...
Feb 28, 2023 (Gmt+09:00)
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Batteries
Korea’s L&F in $2.9 billion deal to supply battery material to Tesla
South Korea’s leading battery materials maker L&F Co. said on Tuesday it has signed a $2.91 billion deal to supply cathode, a key electric...
Feb 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Iljin Materials to change its name to Lotte Energy Materials
Lotte Chemical Corp., a South Korean petrochemical giant, will rename Iljin Materials Co., the country’s second-largest copper foil maker, as ...
Feb 28, 2023 (Gmt+09:00)
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Bio & Pharma
Boryung signs deal with Stendhal to launch hypertension drug in Mexico
Boryung, a South Korean pharmaceutical company, said on Monday it had signed a deal with Stendhal SA de CV, a Mexican medical specialty company, to ...
Feb 27, 2023 (Gmt+09:00)
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Bio & Pharma
Novel medicines poised to be Korea’s next mainstay export
South Korea, a major global generic and biosimilar medicine producer with leading names such as Samsung Biologics Co. and Celltrion Inc., has rapidl...
Feb 27, 2023 (Gmt+09:00)
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Bio & Pharma
Korea's Daewoong to export diabetes drug Envlo to Brazil, Mexico
South Korea’s Daewoong Pharmaceutical Co. said on Feb. 24 it is set to embark on global sales of Envlo, a new drug for diabetes, by exportin...
Feb 24, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI inks deal to export 18 FA-50s to Malaysia
Korea Aerospace Industries Ltd. (KAI) has secured a deal to export eighteen FA-50 light fighter jets to Malaysia for a sum of $920 million (1.2 tril...
Feb 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE cries foul over SM, Kakao’s undisclosed deal
HYBE Co., the label behind the global sensation BTS, is considering legal action to invalidate an undisclosed deal between SM Entertainment Co. and ...
Feb 23, 2023 (Gmt+09:00)
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Shareholder activism
KT&G potential target of aggressive activist shareholder
KT&G Corp., the world’s fifth-largest tobacco maker, is likely to face a tougher battle against activist shareholders as an aggressive hed...
Feb 22, 2023 (Gmt+09:00)
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Korean stock market
Smaller firms' successful IPOs fail to boost Korean listing market
South Korean companies are returning to the local initial public offering market this year, after failing their market debuts last year. But that ha...
Feb 22, 2023 (Gmt+09:00)
Latest News
- 1 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 2 POSCO Future M breaks with China in cathode supply chain
- 3 GIC resumes Seoul Finance Center sale in potential megadeal
- 4 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 5 Invesco, SK D&D likely to buy co-living building in Seoul