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Corporate rebrand
Kia drops Motors from name to rebrand as mobility firm
Kia Motors Corp., a unit of Hyundai Motor Group, has dropped Motors from its name, as the company breaks away from its traditional manufacturing-driven business model.In its bid to rebrand as a provider of future mobility, the automaker on Jan. 15 al
Jan 15, 2021 (Gmt+09:00)
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IPOs
Lotte Rental resumes IPO process; seeks $1.8 bn valuation
South Korea’s leading rental car company Lotte Rental Co. has resumed its initial public offering process, despite having earlier postponed it, to address the increasing financial burden placed on its parent company Hotel Lotte Co.The company h
Jan 15, 2021 (Gmt+09:00)
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Fuel cell plants
Hyundai inks deal to build hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’s largest auto market by building its hydrogen vehicles there.The top Korean autom
Jan 15, 2021 (Gmt+09:00)
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Renewable energy
Total, Hanwha to set up JV for $1.8 bn US solar expansion
French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage centers in 12 US locations, in projects worth around 2 trillion won ($1.8 billion).The 50:50 JV will bui
Jan 15, 2021 (Gmt+09:00)
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IPOs
Lotte Rental resumes IPO process; seeks $1.8 bn valuation
Jan 15, 2021 (Gmt+09:00)
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Venture capital
S.Korea’s VC fundraising hits all-time high in 2020
Jan 14, 2021 (Gmt+09:00)
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M&As
Yogiyo sale gains steam as Baemin investors set for Q1 exit
Jan 14, 2021 (Gmt+09:00)
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M&As
Doosan Infracore removes legal hurdle, sale to proceed
Jan 14, 2021 (Gmt+09:00)
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Bond issues
SK Hynix to issue $2.5 bn in global bonds; largest amount ever
Jan 14, 2021 (Gmt+09:00)
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IPOs
Coupang gets the green light for Nasdaq listing
Jan 11, 2021 (Gmt+09:00)
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ESG bonds
Hyundai, Kia to raise $921 mn in green bonds for future mobility
Jan 11, 2021 (Gmt+09:00)
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EV battery IPOs
LG Energy Solution set to become IPO blockbuster
Jan 10, 2021 (Gmt+09:00)
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Stock correction warning
BOK governor warns of abrupt stock market correction
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid a fragile economic recovery.Speaking at a media briefing on Jan. 15 after the Bank of Korea board unanimously agreed to keep its policy rate steady at a record low of 0.5%, Lee Ju-yeol said the speed o
Jan 15, 2021 (Gmt+09:00)
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Household debts
S.Korean banks' household, company loans near $1.8 trn
South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding debt balance and the annual debt increase rate to record highs. Banks’ outstanding balance for household and company loans stood at 1,965.2 trillion won ($1.8 trillion) at the end of 2020, up 207
Jan 15, 2021 (Gmt+09:00)
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ESG management
Big companies required to disclose ESG activities from 2025
Big companies listed on South Korea’s major stock market will be required to disclose their business activities related to environmental, social and governance (ESG) matters from 2025.The government said on Jan. 14 that the mandatory public disclosure of ESG activities will be expanded to all companies listed on Korea's main bourse from 2030
Jan 14, 2021 (Gmt+09:00)