SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...
Citibank's exit from Korean retail market to cost up to $1.5 bn
Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...
Korean apparel retailer F&F returns as market darling after relisting
South Korean outdoor clothing retailer F&F Co. has returned as one of the most coveted stocks on the main bourse, with its share price nearly tr...
Citibank Korea to shut down retail business in phases
Citibank Korea has decided to close its consumer banking operations in phases, the bank said on Monday, after its attempt to find a buyer of the bus...
Travel bubble triples Koreans’ trips to Saipan
A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...
Korean LCCs rush to stock market for fund on travel recovery hopes
Cash-strapped South Korean budget airlines are rushing to raise money in the local stock market on growing hopes for a travel recovery as government...
Yanolja, HanaTour team up to take lead in travel market
South Korea’s No. 1 accommodation booking platform Yanolja has joined forces with the country's leading travel agency HanaTour Service Inc. to...
K-pop fan engagement platform DearU begins process for Nov IPO
How much will you pay to chat with your favorite K-pop groups such as TWICE every day? A South Korean startup generated 20 billion won ($16.9 millio...
Market boom drives more S.Koreans to become angel investors
Angel investing has become widely prevalent among South Koreans. The practice of providing capital for new and small business ventures, which were t...
Millennials now S.Korea’s largest buyer of luxury goods
The millennials have become the largest spenders on luxury goods at department stores in South Korea. According to joint research by The Korea Econo...
KT makes partial exit from travel platform Yanolja
South Korea’s telecom giant KT Corp. has made a partial exit from the country’s largest travel platform Yanolja, which is eyeing a US IP...
Citibank Korea’s retail banking exit faces stumbling block
The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...
Shinsegae’s omnichannel strategy drives up share prices of key affiliates
South Korean retail conglomerate Shinsegae Group’s key affiliates are enjoying upward revaluation of share prices. Not only the market is faci...
Delivery Hero sells Yogiyo to GS Retail, Affinity-led group
Germany’s Delivery Hero SE has signed an agreement to sell South Korea’s second-largest food delivery platform Yogiyo to a consortium of...
‘Revenge shopping’ lifts Korean retail giants’ Q2 earnings
Major department stores in South Korea such as Shinsegae Department Store and Hyundai Department Store Co. have seen their earnings improve signific...
S.Korea to launch first carbon credit ETFs in September
South Korea will launch its first set of carbon credit-themed exchange-traded funds (ETFs) next month, in a move to address the rising investor dema...
Yanolja CIO says its AI vision played key role in SoftBank investment
Korean travel startup Yanolja’s Chief Investment Officer said that artificial intelligence (AI) was the keyword that played a decisive role in...
Krafton IPO draws lukewarm demand from retail investors
Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....
China's top travel agency to join bid for Korea's online retail platform
China’s leading online travel agency (OTA) Trip.com will be joining the race to acquire South Korea’s online retail platform Interpark C...
HK inno.N’s IPO attracts $25 bn from retail investors
HK inno.N Corp. (inno.N), a pharmaceuticals unit of Kolmar Korea, drew a massive $25 billion from retail investors for its listing thanks to its s...
Tencent, Korea Value poised to see sixfold return from KakaoBank
Chinese technology giant Tencent Holdings, Korea Value Asset Management Co. and South Korea's top lender Kookmin Bank are among a group of sharehold...
KakaoBank, Krafton, other heavyweights set to sizzle in hot IPO season
South Korea’s initial public offering market is sizzling with KakaoBank Corp. and other big names set to go public in coming weeks amid expect...
Apparel retailer F&F joins in $1.7 bn TaylorMade deal
F&F Co., the South Korean retailer of the outdoor clothing brands Discovery Expedition and MLB, has been selected as the strategic buyer of Tayl...
Masayoshi Son's top pick Yanolja eyes 2023 Nasdaq listing
South Korea's largest travel platform Yanolja has raised 2 trillion won ($1.7 billion) from the Masayoshi Son-led SoftBank Vision Fund II, marking t...
Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo
A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...
Korea's first-generation retail platform Interpark up for sale
South Korea-based Interpark Corp., one of the country’s first-generation online retail platforms, is up for sale. According to the invest...
Sale of Citibank Korea gains traction; preferred buyer may emerge in July
The sale of Citibank Korea’s consumer banking business is gaining traction as potential bidders have started due diligence of the bank, with e...
Once resistant, Korean retail investors lend more stocks for short selling
South Korean retail investors, who had largely opposed the regulator’s lifting of the short-selling ban on large-cap stocks from May, are now ...
Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown
The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...
