North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years after the PE house failed a takeover bid, banking sources said on Thursday. MBK executives have recently met Tmax Group founder a
2 HOURS AGO
Executives at all Samsung Group units will work six days a week from as early as this week to shift to emergency mode. The move comes as the won's sharp depreciation, rising oil prices and high borrowing costs are aggravating business uncertainties, after some of the group's main
6 HOURS AGO
Major foreign banks have actively increased staff at their operations in South Korea to offset growing uncertainty in their business in China, grappling with a growth slowdown, with the relatively more vibrant financial market of Asia’s fourth-largest economy. According to
4 HOURS AGO
Kia Corp., South Korea’s second-largest automaker, plans to aggressively expand its hybrid vehicle lineup to subcompact SUVs amid slower-than-expected electric vehicle uptakes.As part of the plan, Kia, the sister firm of Hyundai Motor Co., will manufacture a hybrid version of its subcompact Sonet SUV and bring the model to Japan and China, industry sources said on Thursday.The move is part of Hyundai Motor Group’s two-track strategy t
3 HOURS AGO
COMPANIES
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Banking & FinanceHyundai Capital to set up units in Indonesia, Australia
Hyundai Capital Services Inc., the consumer finance unit of the world’s third-largest automaker Hyundai Motor Group, plans to establish subsidiaries in Indonesia and Australia to expand its overseas business.South Korea’s Hyundai Capital
32 MINUTES AGO
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Future mobilityHyundai, Toray to team up to develop mobility materials
Hyundai Motor Group said on Thursday it has signed a strategic partnership agreement with Japan's Toray Industries Inc. to jointly develop carbon fiber reinforced plastics (CFRP) and other materials used to enhance the performance and safety of elect
2 HOURS AGO
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Upcoming IPOsKorea’s vision AI startup Superb AI eyes IPO in 2026
South Korea’s promising vision AI platform developer Superb AI Inc., which has recently added generative AI to its business portfolio, is seeking to go public in the first half of 2026, the company announced on Thursday. It said Samsung Securit
2 HOURS AGO
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Food & BeverageParis Baguette opens first store in Philippines
SPC Group’s bakery franchise Paris Baguette announced on Thursday that it opened its first store in the Philippines. The Mall of Asia branch, located on the 1st floor of SM Mall of Asia Arena, the largest shopping mall in the Philippines and a
3 HOURS AGO
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KOREAN INVESTORS
North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years after the PE house failed a takeover bid, banking sources said on Thursday. MBK executives have recently
2 HOURS AGO
Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate managers Jones Lang LaSalle (JLL) and Colliers, the lead managers for the sale, said on Tuesday they will s
Apr 16, 2024 (Gmt+09:00)
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1 million of liquid financial assets and seek steady returns on alternative investments.The global priv
Apr 16, 2024 (Gmt+09:00)
Secondaries have become one of the most sought-after assets amid market uncertainty as they provide early exit opportunities and portfolio diversification. In last year's high-rate environment, investors flooded into the infrastructure market and sec
Apr 09, 2024 (Gmt+09:00)
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breather after record-setting rallies, said David Rubenstein, co-founder and co-chairman of The Carlyle Gro
Apr 08, 2024 (Gmt+09:00)
M&A
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Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyed
Apr 16, 2024 (Gmt+09:00)
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Food & BeverageCJ CheilJedang to sell feed, livestock unit for $1.4 bn
Apr 14, 2024 (Gmt+09:00)
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Mergers & AcquisitionsSamsung’s key M&A man returns; big deals in the offing
Apr 12, 2024 (Gmt+09:00)
3 Min read -
Mergers & AcquisitionsKorea's M&A market poised to bounce back after bleak Q1
Apr 11, 2024 (Gmt+09:00)
4 Min read
ECM/DCM
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Private equityAffinity eyes full control of food container maker Lock & Lock
6 HOURS AGO
1 Min read -
ECM/DCMLG Electronics seeks to sell global bonds, 1st time in 12 yrs
Apr 08, 2024 (Gmt+09:00)
1 Min read -
Tech, Media & TelecomNPS sells shares in KT; Hyundai becomes top shareholder
Apr 03, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Foreign exchangeKorean won at 17-month low on Middle East woes, Fed rate view
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar level, as foreign investors sold the country’s assets on the growing concerns over a wider Middle East conflict and expectations of the US Federal Reserve’s slower interest rate cut.The won los
Apr 16, 2024 (Gmt+09:00)
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Corporate bondsBrokerage firms' bonds draw investors amid rate cut hopes
South Korean brokerage firms are ramping up sales of long-term bonds to refinance their loans by repaying short-term debts in hopes of a rate cut by the US Federal Reserve.KB Securities Co. held bookbuilding on Monday to sell 200 billion won ($143 million) worth of bonds rated AA+. The bond issue breaks down into 50 billion won in bonds with an 18-
Apr 16, 2024 (Gmt+09:00)
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EconomyBurger, chicken franchises raise prices after elections
Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as the ruling party's crushing defeat raised expectations the government might loosen its grip over consumer prices.Goobne Chicken, a roasted chicken franchise company, raised the prices of its nine menu ite
Apr 16, 2024 (Gmt+09:00)
3 Min read
The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s total working population by 2042, the nation's statistics agency said on Thursday.According to Statistics Korea projections, the country’s total population is forecast to decline to 49.63 million by
Apr 11, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Food & BeverageWhopper's end, Burger King’s belated April Fool’s prank?
Apr 09, 2024 (Gmt+09:00)
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ArtsHyundai Card, MoMA to support young talented artists, curators
Apr 09, 2024 (Gmt+09:00)
3 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)
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The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read