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
29 MINUTES AGO
Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock & Lock, is slated to buy most of the remaining shares to fully control the management as the household product maker’s earnings have declined amid fierce competition wi
3 HOURS AGO
HD Hyundai Oilbank Co., South Korea’s refiner backed by Saudi Aramco, started mass production of biodiesel to expand its eco-friendly energy business at home and abroad.HD Hyundai Oilbank, a subsidiary of South Korean shipbuilding and machinery conglomerate HD Hyundai Co.,
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 mainstay businesses delivered poorer-than-expected results in 2023. The executives of Samsung Electronics Co., including those at manufacturing and sales divisions, will work
3 HOURS AGO
COMPANIES
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LogisticsCJ Logistics, Ninja Van to co-work for cross-border e-commerce
South Korea's CJ Logistics announced on Thursday that it signed a customs clearance and delivery service contract with Singapore-based Ninja Van to strengthen its cross-border logistics business in Southeast Asia.Ninja Van, a logistics company establ
26 MINUTES AGO
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EntertainmentKakao Entertainment, Billboard to collaborate for K-pop
South Korea's Kakao Entertainment Corp., a unit of mobile platform giant Kakao Corp., partnered with the renowned US music magazine Billboard on Wednesday to find more effective ways to promote K-pop in the global market. According to the company, it
57 MINUTES AGO
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Banking & FinanceToss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and six months since its launch in October 2021. While slower than KakaoBank, which reached 10 million custome
6 HOURS AGO
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ElectronicsSamsung unveils 2024 AI TV lineup in India
Samsung Electronics Co. launched its 2024 new TV lineup with enhanced AI functions at the Samsung Opera House in Bengaluru, India, on April 17.At the event, Samsung Electronics showcased the new Neo QLED 8K, equipped with a third-generation AI 8K pro
6 HOURS AGO
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KOREAN INVESTORS
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)
Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi leads equities, fixed-income, currency and commodities services at the Seoul office while providing altern
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
3 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)
2 Min read -
The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read