CJ CheilJedang Corp., South Korea’s largest food and beverage company, said on Wednesday it has scrapped a planned sale of its green bio business, a deal valued at 5 trillion won ($3.5 billion), opting instead to retain and expand it amid growing geopolitical uncertainty an
Donald Trump Jr., the eldest son of US President Donald Trump, spent his one-and-a-half-day visit to South Korea in back-to-back private meetings with top Korean business leaders. These meetings spanned a range of sectors, including biopharmaceuticals, defense, food, entertainmen
Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday, signaling a recovery in investor sentiment toward Korean debts.As global investors warmed up to Korean bonds amid a temporary easing of trade tensions following a 90-day reprieve
Samsung Electronics Co., the world’s leading memory chipmaker, is in talks to supply customized sixth-generation high-bandwidth memory, or HBM4, chips to major AI chipmakers, including Nvidia Corp., Broadcom Inc. and Google LLC.The South Korean tech giant expects to begin supplying HBM4 to its clients as early as the first half of 2026, company executives and industry sources said on Wednesday.The move is part of Samsung’s strategic p
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COMPANIES
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Business & PoliticsUS tariffs add risk premium to dollar assets: Maurice ObstfeldWASHINGTON, D.C. – The US tariff increases are adding risk premiums to dollar-denominated assets, undermining the dollar’s role as a global safe-haven and liquidity asset, said Maurice Obstfeld, a professor emeritus of economics at the Un
Apr 29, 2025 (Gmt+09:00)
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AutomobilesExports of Korea-made used cars to hit record high in 2025South Korea’s exports of used cars by its homegrown auto brands are expected to hit a historic high this year, thanks to their improved brand reputation and the weak Korean currency against the US dollar, making high-quality cars shipped from t
Apr 29, 2025 (Gmt+09:00)
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EarningsShinhan Financial’s overseas business blooms, on track for record 2025 earningsShinhan Financial Group Co., South Korea’s leading financial holding company, is poised to surpass 1 trillion won ($692 million) in annual net profit from its global operations as the banking giant continues its aggressive expansion beyond its
Apr 28, 2025 (Gmt+09:00)
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Shipping & ShipbuildingHD KSOE secures $1.8 bn in container ship ordersHD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) last week as global ocean carriers are turning to South Korean shipyards to avoid the heavy duties the
Apr 28, 2025 (Gmt+09:00)
1 Min read
KOREAN INVESTORS
Mirae Asset Global Investments Co. is set to manage the mandate of more than 600 billion won ($416.8 million) in core real estate fund investment by Korea Post, investment banking industry sources said on Tuesday.Korea Post on Monday picked Mirae Ass
Apr 29, 2025 (Gmt+09:00)
South Korea’s leading asset manager Mirae Asset Financial Group is increasingly unveiling China-focused investment products as Chairman Park Hyeon-joo warns against Korean investors’ growing overexposure to US assets.Next month, Mirae Ass
Apr 27, 2025 (Gmt+09:00)
Meritz Financial Group Inc., one of South Korea’s most aggressive alternative asset managers, has committed 150 billion won ($105 million) to DeltaFlex Capital Management Pte., a hedge fund launched by a former executive renowned for principal
Apr 23, 2025 (Gmt+09:00)
IGIS Asset Management Co., South Korea’s leading real estate investment firm, has named The Ritz-Carlton the preferred hotel brand for its ambitious mixed-use property development project on the site of the former Millennium Hilton Seoul. This
Apr 22, 2025 (Gmt+09:00)
Netmarble Corp., a leading South Korean gaming company, is seeking to sell its headquarters building in Seoul, which could fetch up to 800 billion won ($563 million), as it plans to release nine new titles this year. According to sources in the inves
Apr 18, 2025 (Gmt+09:00)
M＆A
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Mergers & AcquisitionsCJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion7 HOURS AGO
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Mergers & AcquisitionsCJ CheilJedang scraps sale of Brazilian unit CJ Selecta to BungeApr 29, 2025 (Gmt+09:00)
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Mergers & AcquisitionsLG Chem to sell water filter business to Glenwood PE for $692 millionApr 28, 2025 (Gmt+09:00)
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Mergers & AcquisitionsKyobo Life poised to buy Japan’s SBI Group-owned savings bankApr 24, 2025 (Gmt+09:00)
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ECM/DCM
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Debt financingKookmin Bank raises $700 mn in forex bonds amid strong demand17 HOURS AGO
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Real estateColliers to lead $689 million sale of IGIS Asset-owned Signature TowerApr 11, 2025 (Gmt+09:00)
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Real estateIGIS taps Samjong KPMG, Cushman & Wakefield, NAI Korea for sale of AP TowerApr 11, 2025 (Gmt+09:00)
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Travel & LeisureSoftBank-backed Yanolja raises stake in Modetour as No. 2 shareholderMar 27, 2025 (Gmt+09:00)
2 Min read
MARKETS
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Shipping & ShipbuildingHanwha Ocean shares sink after KDB's sale of 4.2% stake
Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% stake in South Korea’s No. 3 shipbuilder in a pre-market block trade for more than 1 trillion won ($695.8 million). Hanwha Ocean shares ended down 12.1% at 78,500 won on Tuesday, wiping out all of la
Apr 29, 2025 (Gmt+09:00)
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EnergySouth Korea nears Czech nuclear deal; Doosan, related stocks fly high
South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with investors anticipating a formal contract signing as early as next month.On Friday, Doosan Enerbility Co. closed up 3.7% at 27,900 won, capping a 38.5% rally since April 10.Other nuclear-related stocks hav
Apr 25, 2025 (Gmt+09:00)
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MarketsKakao shares sink on SK Telecom’s stake sell-off news
Kakao Corp. shares underperformed its peers and the broad market on Friday after SK Telecom Co. sold off its entire stake in the South Korean platform giant for about 400 billion won ($278.2 million).The country’s largest mobile carrier announced earlier today in a regulatory filing that it would offload all of its holdings in Kakao – 1
Apr 25, 2025 (Gmt+09:00)
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WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marking the first formal bilateral negotiations on trade barriers under the new Donald Trump administration.Senior Korean officials, including Finance Minister Choi Sang-mok and Trade and Industry Minister A
Apr 25, 2025 (Gmt+09:00)
CULTURE ＆ TRENDS
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Travel & LeisureKorean hotels bask in rising foreign visitors; travel agencies in troubleApr 22, 2025 (Gmt+09:00)
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Beauty & CosmeticsPackaging rides K-beauty wave: Shares of Korean cosmetics container makers soarApr 21, 2025 (Gmt+09:00)
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PERSPECTIVES
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The KED ViewLight up visibility of Korean tech firms on global stageJul 10, 2024 (Gmt+09:00)
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