South Korea’s nonferrous metal industry is scrambling for the procurement of copper scrap as China, the world’s top copper consumer, has taken advantage of a Korean tax loophole to aggressively import the valuable scrap metal from the peninsula. Copper scrap expo
18 HOURS AGO
South Korean biopharmaceutical giant Celltrion Inc. said on March 17 that it has launched its new autoimmune disease treatment Zymfentra in the US market. The drug is a subcutaneous injection of Celltrion’s infliximab Remsima, a treatment for adults with ulcerative colitis
16 HOURS AGO
Humans will be able to control biological age and reverse their age in 10 years with advancements in medical science and live up to around 120, about 40 years longer than the current average age of death, said renowned Harvard University geneticist and longevity researcher and Pr
14 HOURS AGO
South Korean tech giant Samsung Electronics Co. is battling an increasing number of patent infringement litigation cases from US patent trolls, the motives of which analysts say are dubious.Samsung has become the No. 1 target among major tech companies given its variety of products ranging from semiconductors, smartphones, TVs and communications equipment that use a growing list of patents, industry officials said.On Feb. 19, KP Innovations 2 LLC
22 HOURS AGO
COMPANIES
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AirlinesIncheon Airport Corp. signs $3 bn deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate the Manila Ninoy Aquino International Airport (NAIA), the Philippines’ main gateway, over the next 25 years.The Korean airport operator a
43 MINUTES AGO
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AutomobilesIL Science enters UK silicon lens market
South Korea's IL Science Co. said on Monday that it signed a contract with the US-based automotive electronics company Polymer Optics to supply an initial 3,000 units to a European motorcycle manufacturer. The agreement follows a memorandum of unders
47 MINUTES AGO
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EnergyHyundai E&C wins $132 mn biogas facility project
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private investment project of a metropolitan integrated biogas facility in Gumi City, North Gyeongsang Province, South
1 HOURS AGO
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ElectronicsSamsung tops global soundbar market for 10th consecutive year
Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according to the annual report from FutureSource Consulting. The company announced on Monday that it topped the
19 HOURS AGO
1 Min read
Hidden Champions
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Buhmwoo Group
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KOREAN INVESTORS
A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies in property development project finance. Fastfive Co., a co-working space operator, sold a 100% stak
Mar 12, 2024 (Gmt+09:00)
Goldman Sachs’ Chung Hyung-Jin, co-head of the Seoul office and the leader of the firm’s investment banking (IB) business in South Korea, will resign from the company and become Hyundai Capital chief executive in June, The Korea Economic
Mar 11, 2024 (Gmt+09:00)
South Korean real estate firm Mastern Investment Management is set to sell off Donuimun D Tower, a landmark office building in Seoul, for about 900 billion won ($684 million), people familiar with the matter said on Friday.Mastern will inform its lim
Mar 11, 2024 (Gmt+09:00)
Canada’s Brookfield Asset Management Ltd. has selected Seoul-based real estate manager ARA Korea Ltd. as the preferred bidder for five-star hotel Conrad Seoul for around 430 billion won ($324.5 million), banking sources said on Thursday.With th
Mar 08, 2024 (Gmt+09:00)
The commercial real estate (CRE) debt market in Australia has grown rapidly over the last decade. According to the Australian Prudential Regulation Authority, the market expanded from A$200 billion in 2012 to A$357 billion by 2022, a circa 6% compoun
Mar 07, 2024 (Gmt+09:00)
M&A
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Investment bankingMBK’s Michael ByungJu Kim: Top investment banker in Korea
Mar 11, 2024 (Gmt+09:00)
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Mergers & AcquisitionsLotte puts Lotte Chemical Titan in Malaysia on market
Mar 06, 2024 (Gmt+09:00)
4 Min read -
AirlinesRace for Asiana's cargo unit heats up with local bidders
Feb 28, 2024 (Gmt+09:00)
1 Min read -
Korean startupsVenture downturn keeps Korean unicorns from acquisitions
Feb 16, 2024 (Gmt+09:00)
2 Min read
ECM/DCM
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ConstructionDaewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Mar 14, 2024 (Gmt+09:00)
1 Min read -
Private equityTmax Group to draw more than $572 mn to buy back Tmaxsoft
Mar 12, 2024 (Gmt+09:00)
1 Min read -
Private equityEQT sells Shinhan stake in block deal at 30% return
Mar 07, 2024 (Gmt+09:00)
1 Min read
MARKETS
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EconomyKorea eyes $1.5 bn injection in KDB for chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's financing plans focused on the chip and secondary battery industries, according to the government on Monday.KDB and other state-owned financial institutes such as Industrial Bank of Korea (IBK) and Kor
19 HOURS AGO
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Shareholder activismSamsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of Samsung Group as the lion’s share of its shareholders sided with the company. During Samsung C&T’s annual shareholders’ meeting on Friday, 77% of voting shares gave the nod to the c
Mar 15, 2024 (Gmt+09:00)
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Aerospace & DefenseKASA, Korea’s NASA, embarks on hunt for space talent
South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space agency, which will orchestrate national space programs like the National Aeronautics and Space Administration (NASA) of the US, from May. According to Korea’s Ministry of Science and ICT on Thursday
Mar 15, 2024 (Gmt+09:00)
3 Min read
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns that Asia’s fourth-largest economy is one of a handful of nations missing out on the great profit-making opportunity. According to the World Gold Council on Tuesday, total gold holdings by central
Mar 13, 2024 (Gmt+09:00)
CULTURE & TRENDS
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The Deep DiveKorea faces apple crisis amid climate, demographic change
Mar 14, 2024 (Gmt+09:00)
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Korean gamesPUBG’s Krafton expands in India with localized games
Mar 11, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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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