DB Financial Investment
Scope
Date
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Mergers & Acquisitions
Fosun to cash out of K-beauty firm Nature&Nature for $38 mn
Fosun Group, a debt-laden Chinese conglomerate, is seeking to cash out of its entire stake in Nature&Nature Co. for up to 50 billion won ($37.8 ...
Aug 30, 2023 (Gmt+09:00)
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Artificial intelligence
Sapeon completes $45 mn series A funding
Sapeon, a South Korean artificial intelligence (AI) semiconductor company, announced on Wednesday that it has concluded a Series A funding round, ra...
Aug 30, 2023 (Gmt+09:00)
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Real estate
S.Korean lenders in New York luxury hotel likely to see losses
Some South Korean institutional investors may see significant losses on their investment in a hotel in the heart of New York as the developer has de...
Aug 29, 2023 (Gmt+09:00)
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Automobiles
S.Korea's Kumho HT to set up local subsidiary in India
South Korea's automotive lighting device maker Kumho HT, Inc. announced on Monday its strategy to set up an India corporation, capitalizing on the b...
Aug 29, 2023 (Gmt+09:00)
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Blockchain
FNSValue, UN agency to provide passwordless authentication for fintech
South Korean blockchain company FNSValue Co. on Monday signed a partnership agreement with the International Telecommunication Union (ITU), the Unit...
Aug 29, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus’ platform push gains traction with active venture funding
LG Uplus Corp., South Korea’s third-largest mobile carrier, which has joined its two bigger local rivals in a race to expand non-telecom servi...
Aug 28, 2023 (Gmt+09:00)
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Pension funds
NPS likely to give full rights on asset managment to experts
The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, is poised to give investment experts full rights ...
Aug 25, 2023 (Gmt+09:00)
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Korean startups
Korea Credit Data raises $75.7 million from Morgan Stanley
Korea Credit Data (KCD), a South Korean fintech startup focusing on small- and medium-sized enterprises (SMEs), has raised 100 billion won ($75.7 mi...
Aug 24, 2023 (Gmt+09:00)
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Regulations
More Korean FSS retirees find jobs in legal, financial biz
More retirees of the Financial Supervisory Service (FSS) are snagging new jobs at private companies such as the banks they regulated during their te...
Aug 23, 2023 (Gmt+09:00)
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Shareholder activism
Schindler-invested Hyundai Elevator faces S.Korean activism
South Korea’s Hyundai Elevator Co., the No. 2 shareholder of which is Schindler Holding AG, has faced a request from a local activist investor...
Aug 23, 2023 (Gmt+09:00)
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Chemical Industry
SK Enmove partners with Dell, GRC for data center coolant business
South Korea’s lube oil maker SK Enmove Co. has partnered with US computer maker Dell Technologies Inc. and data center cooling system provider...
Aug 23, 2023 (Gmt+09:00)
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Banking & Finance
KB, Shinhan, Woori improve rankings on Top 1,000 bank list
South Korea’s KB Financial Group, Shinhan Financial Group and Woori Financial Group improved their rankings on the list of the global top 1,00...
Aug 22, 2023 (Gmt+09:00)
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Corporate investment
CJ Foodville picks Arges PE as preferred negotiator to attract investment
Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Kor...
Aug 22, 2023 (Gmt+09:00)
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Korean games
Gaming giant Krafton to pour additional $150 mn into India
South Korean gaming giant Krafton Inc., renowned for its global mega-hit PlayerUnknown’s Battlegrounds (PUBG), is slated to ramp up investment...
Aug 18, 2023 (Gmt+09:00)
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Economy
Seoul’s slow but enduring push to be Asia’s premier financial hub
It is a long-cherished dream of Seoul, the capital city of South Korea, to present itself to the world as Asia’s prime financial hub, but the ...
Aug 18, 2023 (Gmt+09:00)
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Batteries
EcoPro BM, SK On, Ford to invest $886 mn to build cathode plant in Canada
EcoPro BM Co., South Korea’s leading battery material producer, will invest $886 million jointly with SK On Co. and Ford Motor Co. to build a ...
Aug 18, 2023 (Gmt+09:00)
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Blockchain
SK Telecom expands its Web3 ecosystem
South Korea's SK Telecom Co. has joined hands with Polygon Labs, a New York-based global blockchain company, to expand its Web3 ecosystem.Both compa...
Aug 18, 2023 (Gmt+09:00)
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Corporate investment
LG bets big on promising technologies for future growth
LG Group, South Korea’s fourth-largest conglomerate, is accelerating its investment in promising tech companies across the world despite the l...
Aug 17, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Mirae Asset Global Investments buys Australian robo-advisor firm
South Korea's Mirae Asset Global Investments announced its acquisition of Stockspot, a prominent Australian robo-advisor specialist.In a statement r...
Aug 16, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung raises $2.2 billion via ASML stake sale for chip investment
Samsung Electronics Co., the world’s largest memory chipmaker, has sold 3.55 million shares in Dutch chip equipment maker ASML Holding N.V. fo...
Aug 15, 2023 (Gmt+09:00)
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Electronics
LG Electronics cuts H1 costs by $1.6 billion on stable supply chain
LG Electronics Inc. has slashed raw material and transportation costs by 2.12 trillion won ($1.6 billion) in the first half thanks to a stable sup...
Aug 14, 2023 (Gmt+09:00)
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Artificial intelligence
SK invests $100 mn in ChatGPT developer's rival Anthropic
South Korea’s SK Telecom Co. said on Sunday it has invested $100 million in the US startup Anthropic, a ChatGPT rival artificial intelligence ...
Aug 13, 2023 (Gmt+09:00)
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KOREA Investment Week 2023
KOREA Investment Week 2023 with KB KOREA Conference
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Aug 11, 2023 (Gmt+09:00)
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Energy
LS Cable invests $117.5 million in boosting submarine cable output
South Korea’s LS Cable & System on Thursday announced additional investment of 155.5 billion won ($117.5 million) in its plant in Donghae,...
Aug 11, 2023 (Gmt+09:00)
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KOREA Investment Week 2023
S.Korea's largest investment forum to begin Sept. 11
South Korea’s largest investment conference will be held in Seoul Sept. 11-15 with around 100 chief executives from global financial services ...
Aug 10, 2023 (Gmt+09:00)
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Business & Politics
Sejong City to cooperate with Northern Ireland in smart city, cybersecurity
South Korea's Sejong Special Self-Governing City will pursue economic exchange with Northern Ireland and cooperation in cybersecurity research with ...
Aug 10, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience buys 6.5 million Novavax shares for $83.4 million
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, said on Wednesday it has signed a deal to buy 6.5 million shares in US vacc...
Aug 09, 2023 (Gmt+09:00)
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Leadership & Management
UBS names Credit Suisse Korea head as vice chair for Asia
UBS Group AG, a global investment bank, appointed Kyungin David Lee, chief of Credit Suisse Group AG’s Seoul branch, as vice chair for Asia an...
Aug 08, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank teams up with BuildBlock on US real estate services
South Korea's Woori Bank and US real estate platform operator BuildBlock have entered into a strategic memorandum of understanding to bolster overse...
Aug 07, 2023 (Gmt+09:00)
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Batteries
Korea’s STX to build joint Indonesia nickel plant for EV cells
South Korea’s trading company STX Corp. is set to build a nickel plant with an Indonesian company in the Southeast Asian country to expand its...
Aug 03, 2023 (Gmt+09:00)
Latest News
- 1 Daesang to scale up meal kits, kimchi production in Vietnam
- 2 Hyundai Glovis, EcoPro team up for EV battery recycling business
- 3 Korea’s LS Group to operate brokerage firm LS Securities
- 4 LG screens World Environment Day campaign in New York, London
- 5 Korean Air expects US approval for Asiana merger by end-Oct