xi china zero covid
Scope
Date
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Private equity
MBK buys $228 mn stake in China’s No. 1 car rental firm
MBK Partners has now become the second-largest shareholder in both of China’s two biggest rental car companies after purchasing a 20.86% stake...
Dec 03, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal
Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Insurance Group for a $5.8 billion deal to buy 1...
Dec 01, 2020 (Gmt+09:00)
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Batteries
LG Chem, China’s CATL neck and neck in race for top battery player’s spot
Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...
Nov 29, 2020 (Gmt+09:00)
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Fund inflows
Global funds flow into S.Korea as investors look to life after COVID-19
An increasing amount of global funds are flowing into South Korea as advances in COVID-19 vaccine development and a weaker dollar boost investors&rs...
Nov 25, 2020 (Gmt+09:00)
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Trends
Wine sales in S.Korea surge amid COVID-19 lockdown
E-Mart Inc., one of South Korea’s largest retailers, saw its annual wine sales exceed 100 billion won ($90.3 million) for the first time as ...
Nov 25, 2020 (Gmt+09:00)
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Batteries
SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot
SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...
Nov 25, 2020 (Gmt+09:00)
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IPOs
S. Korean COVID-19 test kit maker eyes listing next year
SD Bio Sensor, Inc., a South Korea-based manufacturer of COVID-19 test kits, is pushing to go public early next year, drawing market attention as a st...
Nov 19, 2020 (Gmt+09:00)
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Cold-chain logistics
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...
Nov 13, 2020 (Gmt+09:00)
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COVID-19
Celltrion says COVID-19 antibody kills virus within 5 days; shares surge
South Korea’s biopharmaceutical firm Celltrion Inc. can unveil an antibody treatment by around the end of the year that is able to kill the COVI...
Nov 11, 2020 (Gmt+09:00)
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Carbon neutrality
KPMG aims for net-zero carbon by 2030
KPMG, one of the Big Four accounting firms, plans to become a net-zero carbon organization by 2030, joining the global effort to reduce greenhouse gas...
Nov 11, 2020 (Gmt+09:00)
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Multiplex chains
Korean cinema chain foregoes IPO plans due to COVID-19
Megabox JoongAng Co., the third-largest cinema chain in South Korea, will forego plans to go public owing to the global coronavirus crisis that has de...
Nov 06, 2020 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor eyes entry into China’s hydrogen truck market, signs MOU
Hyundai Motor Co. has signed two initial agreements with several Chinese companies toward establishing business platforms for hydrogen trucks in China...
Nov 04, 2020 (Gmt+09:00)
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Hyundai Corp to rival China's CRCC in bid for $18 bn Ukrainian infra deal
South Korea’s trading company Hyundai Corporation will face China’s Railway Construction Corporate (CRCC) in a bid to secure an $18 billio...
Nov 03, 2020 (Gmt+09:00)
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Michael Breen on Korean Peninsula
Why Korea struggles to manage the US, China
As the United States and China fight like proverbial whales in the ocean, middle power dolphins like South Korea must strategize to avoid being crushe...
Oct 29, 2020 (Gmt+09:00)
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Interview
US-China tensions push S. Korea to find middle way
The US and China trade disputes are unlikely to fade, whoever wins the Nov. 3 US presidential election, and South Korea needs to find a middle way bet...
Oct 19, 2020 (Gmt+09:00)
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Unemployment rate
COVID-19 pandemic slams Korea’s job market; elderly workers rise
Hit hard by the fallout of the coronavirus pandemic, South Korea lost about 392,000 jobs in September, with the number of employed slipping for the se...
Oct 16, 2020 (Gmt+09:00)
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Batteries
China’s CATL poised to overtake LG Chem as top EV battery maker
Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...
Oct 05, 2020 (Gmt+09:00)
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Tech
Korean chipmakers rewrite China business strategy amid US trade ban
South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...
Sep 14, 2020 (Gmt+09:00)
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airline industry
Korean airlines zoom in on China routes, target transit passengers
South Korean airlines are buckling down to resume flights to and from China to satisfy the demands of Korean businesspeople and overseas resident...
Sep 07, 2020 (Gmt+09:00)
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Venture Capital
Online portal Naver steps up Europe startup investment against US, China
South Korea’s largest internet portal Naver Corp. has committed 110.4 billion won ($93 million) to two Europe-focused startup funds since late l...
Sep 01, 2020 (Gmt+09:00)
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COVID-19
Auto parts maker Mando to co-develop COVID-19 ventilators with NASA
Mando Corp, a South Korean auto parts manufacturer, has been picked by the US National Aeronautics and Space Administration (NASA) as a ventilator co-...
Aug 24, 2020 (Gmt+09:00)
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Markets
Kakao founder becomes Korea’s second-richest stockholder amid COVID-19 era
Brian Kim (Kim Bum-soo), founder and chairman of South Korea’s biggest mobile messaging app operator Kakao Corp., has become the country’s...
Aug 18, 2020 (Gmt+09:00)
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COVID-19
SK Bioscience wins COVID-19 vaccine manufacturing order from US firm
SK Bioscience Co. Ltd. has secured a contract manufacturing organization (CMO) order for a new coronavirus vaccine candidate under development by the ...
Aug 14, 2020 (Gmt+09:00)
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COVID-19
COVID-19 test kit maker Seegen flags more than 30-fold rise in Q2 OP
Operating profits at South Korea’s diagnostic reagent maker Seegen Inc. spiked by more than 36 times in the second quarter from a year earlier, ...
Aug 13, 2020 (Gmt+09:00)
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Alternative investment
NPS ramps up alternative investment in Jan-April despite Covid-19
The National Pension Fund has significantly increased alternative investments in the first four months to April from a year earlier, which industry so...
Jul 01, 2020 (Gmt+09:00)
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Startup
Mirae Asset co-leads $100 mn financing for China’s biotech startup
Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...
Jun 12, 2020 (Gmt+09:00)
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Pension funds
[Interview] Real estate funds may bear brunt of Covid 19 in Q4: military fund
The coronavirus impact will likely spill over to the commercial real estate market around the fourth quarter of this year, with a spike in office vaca...
May 27, 2020 (Gmt+09:00)
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Anbang Insurance
Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang
Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...
May 04, 2020 (Gmt+09:00)
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Private equity
Sovereign wealth funds to boost post-Covid-19 cooperation: KIC
Chief executives of sovereign wealth funds, including China Investment Corp. and Singapore’s GIC, and leading financial institutions have discus...
Apr 28, 2020 (Gmt+09:00)
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Alternative investment
IMM enters China’s infrastructure market with $40 mn investment
IMM Investment Corp. has acquired a minority stake in China’s private water supplier for $40 million, in the first investment by a South Korean ...
Apr 24, 2020 (Gmt+09:00)
Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
- 2 Growth equity portfolio largely shielded from policy headwinds: Summit
- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma