Mergers & Acquisitions
Hanjin KAL roars on renewed control dispute hints with Hoban
Shares of Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., extended their rally Wednesday morning after surging by the daily limit high of 30% the previous day on news that Hoban Group has upped its stake in the holding firm to 18.46% from 17.
Shipping & Shipbuilding
South Korea’s mid-tier shipbuilders sail into new supercycle as China struggles
BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling the new story of a shipyard once cast adrift.Workers swarmed over the frames of seven specialty vessels: four air-cushion vehicles, two high
Rights offerings
POSCO Future M to raise $771 million to bolster battery materials business
POSCO Future M Co., South Korea’s leading battery materials maker, is set to raise 1.1 trillion won ($771 million) through a rights offering as it doubles down on its bet to expand manufacturing capacity in North America amid a prolonged downturn in global electric vehicle
Mergers & Acquisitions
Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition
Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufacturer of heating, ventilation and air conditioning (HVAC) systems, for 1.5 billion euros ($1.7 billion), betting on the growing demand for climate control solutions in data centers.The South Korean semiconductor and consumer electronics giant has signed an agreement to buy all shares of FläktGroup, Europe’s largest HVAC system supplier, f
MOST READ
Samsung steps up AR race with advanced microdisplay for smart glasses
When in S. Korea, it’s a ritual: Foreigners make stops at CU, GS25, 7-Eleven
Seoul-backed K-beauty brands set to make global mark
Maybe Happy Ending: How a Seoul-made robot love story rewrote Broadway playbook
Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility
COMPANIES
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EarningsDawn delivery pioneer Kurly posts 1st-ever quarterly profitKurly Inc., a pioneer in South Korea’s dawn delivery market, has posted its first-ever quarterly profit, bucking a slowdown in private consumption and intensifying competition in the e-commerce sector.The turnaround for the 15-year-old online m
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IPOsLotte to retake $269 mn stake in logistics arm after flopped IPOLotte Group, South Korea’s fifth-largest conglomerate by assets, will buy back a stake in Lotte Global Logistics Co. from the latter’s financial investor for about 380 billion won ($269 million) after its logistics arm failed to go public
May 13, 2025 (Gmt+09:00)
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AutomobilesUsed SUVs pricier than new ones? Yes, in South Korea thanks to RussiaPrices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with used models like Hyundai Motor Co.'s Palisade fetching significantly more than their new trims.The phenomenon is being driven by a surge in e
May 12, 2025 (Gmt+09:00)
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AirlinesKorean LCCs boost travel demand to global tourist hubsSouth Korean low-cost carriers (LCCs), including Air Premia Inc. and Air Busan Co., have been expanding into underserved smaller cities, but also driving travel demand to major tourist destinations.Air Premia said on Monday it carried 835,000 passeng
May 12, 2025 (Gmt+09:00)
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KOREAN INVESTORS
Private equity
Korean teachers' fund to commit $495 mn to 10 PE firms
The Korean Teachers’ Credit Union (KTCU), a retirement fund operator for South Korean teachers, has picked 10 local private equity firms to run blind pool funds, backed by a total commitment of 700 billion won ($495 million), according to sourc
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Real estate
Half of Seoul offices now over 30 years old amid limited new supply
About half of the office buildings in Seoul’s major business districts are over 30 years old, falling short of demand for modern and high-end workspaces – particularly from young employees who increasingly factor office location into thei
24 HOURS AGO
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Pension funds
S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
The Government Employees Pension Service (GEPS), one of South Korea’s top three public pension programs, will commit up to 200 billion won ($143 million) in total to offshore middle-market buyout funds, marking a continued global push to divers
May 08, 2025 (Gmt+09:00)
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Pension funds
NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has yet to decide on a plan to select local external managers, adding to private equity firms’ fundraising woes.The NPS, South Korea’s top i
May 02, 2025 (Gmt+09:00)
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Real estate
Mirae Asset to be named Korea Post’s core real estate fund operator
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)
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M＆A
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Mergers & AcquisitionsSamsung bets on data center HVAC with $1.7 bn FläktGroup acquisition3 HOURS AGO
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Mergers & AcquisitionsMBK’s Lotte Card sale gains momentum amid Homeplus falloutMay 11, 2025 (Gmt+09:00)
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Mergers & AcquisitionsMubadala, Goldman Sachs to invest $700 mn in Kakao MobilityMay 09, 2025 (Gmt+09:00)
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Mergers & AcquisitionsKorea’s top cinema chains seek merger to counter box office slumpMay 08, 2025 (Gmt+09:00)
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ECM/DCM
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Debt financingKorea Securities Finance eyes its 1st foreign bond sale in 2026May 09, 2025 (Gmt+09:00)
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Debt financingKookmin Bank raises $700 mn in forex bonds amid strong demandApr 30, 2025 (Gmt+09:00)
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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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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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Business & Politics
Seoul, Washington agree on July tariff deal framework in '2+2' trade talks
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)
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CULTURE ＆ TRENDS
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Beauty & CosmeticsIn China’s waterway city Hangzhou, K-beauty redefines ‘glossy water’May 12, 2025 (Gmt+09:00)
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RetailWhen in S. Korea, it’s a ritual: Foreigners make stops at CU, GS25, 7-ElevenMay 05, 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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