South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 million) to spur the brokerage house’s investment banking and corporate finance businesses, sources familiar with the matter said
4 HOURS AGO
In South Korea, one of the world’s most wired countries, social networking services are what people can’t live without in everyday communications – a country, to which global SNS providers are paying close attention to gauge the shaping of future trends.And here
2 HOURS AGO
South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticipation of an end to the Bank of Japan’s negative rate policy in eight years, but their investment return is warned to be lower
2 HOURS AGO
SK Hynix Inc., the world’s second-largest memory chipmaker, started mass production of HBM3E, the best-performing DRAM chip for artificial intelligence applications, for the first time in the industry to supply it to the leading global semiconductor designer Nvidia Corp.SK Hynix said on Tuesday it plans to begin the delivery of HBM3E, the extended version of HBM3, or high bandwidth memory 3, to the customer later this month. The chip is exp
2 HOURS AGO
COMPANIES
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Travel & LeisureInterpark Triple launches travel platform Triple Korea
South Korea's retail and travel platform Interpark Triple announced on Tuesday that it launched the travel platform Triple Korea for foreign tourists.Triple Korea is a mobile app that provides real-time information and features for foreign tourists i
2 HOURS AGO
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Business & PoliticsDubai Chamber of Commerce to open Seoul office
The Dubai Chamber of Commerce in the United Arab Emirates (UAE) will open an office in Seoul, South Korea by May this year, according to industry sources on Tuesday.Established in 1965, the Dubai Chamber of Commerce functions similarly to South Korea
3 HOURS AGO
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Banking & FinanceKorea's BC Card launches Trip.Pass for foreign visitors
South Korea's BC Card announced on Tuesday that it launched a "Trip.Pass Card" and "Trip.Pass QR Payment Service" for foreign tourists with the domestic mobile passport platform company Lord System.The Trip.Pass Card is a debit card that can be used
4 HOURS AGO
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Bio & PharmaSamsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technologies company BrickBio.The Samsung Life Science Fund is a venture investment fund jointly formed by Sams
5 HOURS AGO
1 Min read
Hidden Champions
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DCM
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Buhmwoo Group
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Jong Ie Nara
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Point Mobile
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Future Unicorns
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iCore
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L-Base
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Fridays Lab
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S.lab Asia
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BJ BIOCHEM
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KOREAN INVESTORS
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies in property development project finance. Fastfive Co., a co-working space operator, sold a 100% stak
Mar 12, 2024 (Gmt+09:00)
Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea, will resign from the company and become Hyundai Capital chief executive in June, The Korea Economic
Mar 11, 2024 (Gmt+09:00)
South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 billion won ($684 million), people familiar with the matter said on Friday.Mastern will inform its lim
Mar 11, 2024 (Gmt+09:00)
Canada’s Brookfield Asset Management Ltd. has selected Seoul-based real estate manager ARA Korea Ltd. as the preferred bidder for five-star hotel Conrad Seoul for around 430 billion won ($324.5 million), banking sources said on Thursday.With th
Mar 08, 2024 (Gmt+09:00)
The commercial real estate (CRE) debt market in Australia has grown rapidly over the last decade. According to the Australian Prudential Regulation Authority, the market expanded from A$200 billion in 2012 to A$357 billion by 2022, a circa 6% compoun
Mar 07, 2024 (Gmt+09:00)
M&A
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Investment bankingMBK’s Michael ByungJu Kim: Top investment banker in Korea
Mar 11, 2024 (Gmt+09:00)
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Mergers & AcquisitionsLotte puts Lotte Chemical Titan in Malaysia on market
Mar 06, 2024 (Gmt+09:00)
4 Min read -
AirlinesRace for Asiana's cargo unit heats up with local bidders
Feb 28, 2024 (Gmt+09:00)
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Korean startupsVenture downturn keeps Korean unicorns from acquisitions
Feb 16, 2024 (Gmt+09:00)
2 Min read
ECM/DCM
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ConstructionDaewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Mar 14, 2024 (Gmt+09:00)
1 Min read -
Private equityTmax Group to draw more than $572 mn to buy back Tmaxsoft
Mar 12, 2024 (Gmt+09:00)
1 Min read -
Private equityEQT sells Shinhan stake in block deal at 30% return
Mar 07, 2024 (Gmt+09:00)
1 Min read
MARKETS
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EconomyKorea eyes $1.5 bn injection in KDB for chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's financing plans focused on the chip and secondary battery industries, according to the government on Monday.KDB and other state-owned financial institutes such as Industrial Bank of Korea (IBK) and Kor
Mar 18, 2024 (Gmt+09:00)
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Shareholder activismSamsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of Samsung Group as the lion’s share of its shareholders sided with the company. During Samsung C&T’s annual shareholders’ meeting on Friday, 77% of voting shares gave the nod to the c
Mar 15, 2024 (Gmt+09:00)
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Aerospace & DefenseKASA, Korea’s NASA, embarks on hunt for space talent
South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space agency, which will orchestrate national space programs like the National Aeronautics and Space Administration (NASA) of the US, from May. According to Korea’s Ministry of Science and ICT on Thursday
Mar 15, 2024 (Gmt+09:00)
3 Min read
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns that Asia’s fourth-largest economy is one of a handful of nations missing out on the great profit-making opportunity. According to the World Gold Council on Tuesday, total gold holdings by central
Mar 13, 2024 (Gmt+09:00)
CULTURE & TRENDS
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The Deep DiveKorea faces apple crisis amid climate, demographic change
Mar 14, 2024 (Gmt+09:00)
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Korean gamesPUBG’s Krafton expands in India with localized games
Mar 11, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
2 Min read -
The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read