Companies
M&As
Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse
South Korean private equity (PE) firm Hahn & Co.’s deal to acquire Namyang Dairy Products is at risk of collapse as the owner and his family of the country’s major dairy and beverage maker on July 30 abruptly delayed the process for
15 HOURS AGO
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M&As
Ssangyong draws HAAH and electric bus, scooter makers
Ssangyong Motor Co., a troubled South Korean sports utility vehicle maker, has drawn nine preliminary bidders, including a US automobile distributor ...
17 HOURS AGO
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IPOs
HK inno.N’s IPO attracts $25 bn from retail investors
HK inno.N Corp. (inno.N), a pharmaceuticals unit of Kolmar Korea, drew a massive $25 billion from retail investors for its listing thanks to its str...
17 HOURS AGO
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Earnings
Hyosung Group still going strong with stellar Q2 earnings
South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing s...
18 HOURS AGO
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Semiconductors
Chip supercycle view revives with DRAM, NAND prices at multi-year highs
The contract prices of memory chip prices are hovering around multi-year high levels, fanning the view that the global semiconductor market is enteri...
18 HOURS AGO
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M&As
Korea’s only shipyard under creditor protection to be sold this year
A sale of Daehan Shipbuilding Co., South Korea’s only shipbuilder under creditor protection, is to be completed within this year through a stal...
20 HOURS AGO
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Games
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexon...
Jul 30, 2021 (Gmt+09:00)
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IPOs
Krafton sets IPO price at top end despite soft institutional demand
South Korean game developer Krafton Inc. set the initial public offering (IPO) price at the top end of the proposed band even as the largest domestic...
Jul 29, 2021 (Gmt+09:00)
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Music & Entertainment
Lessons learned from Blackpink label's M&A flops
South Korea-based YG Entertainment Inc., the label behind popular K-pop girl group Blackpink, is pushing to sell off its profitable golf business in ...
Jul 29, 2021 (Gmt+09:00)
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Earnings
LG enjoys record half-year earnings on TV, appliance in H1
LG Electronics Inc. posted record-high operating profit and revenue in the first half thanks to stella performance in TV and home appliance business....
Jul 29, 2021 (Gmt+09:00)
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Earnings
Samsung works on industry’s first 200-layer NAND as its Q2 profit jumps
Samsung Electronics Co. has made significant progress in developing a 200-layer vertical or V-NAND flash memory –the industry’s first &nd...
Jul 29, 2021 (Gmt+09:00)
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The Deep Dive
Korea redefines dining experience with meal kits and delivery food
A good old-fashioned, home-cooked meal is becoming a thing of the past in Korean households, with a wide range of home meal replacements (HMRs) and ...
Jul 29, 2021 (Gmt+09:00)
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EV Batteries
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture Asi...
Jul 29, 2021 (Gmt+09:00)
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Tech
Apple adds LG Elec to iPhone vendor list in Korea
LG Electronics Inc. will begin to sell Apple Inc.'s iPhone at its retail stores across South Korea from mid-August, as the Korean home appliance make...
Jul 29, 2021 (Gmt+09:00)
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M&As
Investors revalue E-Mart after owning two-thirds of Starbucks Korea
Shares of E-Mart Inc., South Korea’s largest retailer, are rallying after the company bought an extra stake in Starbucks Korea to control two-t...
Jul 29, 2021 (Gmt+09:00)
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Startups
Fashion app Queenit raises $9 mn from VC firms
Queenit, a South Korea-based fashion mobile platform targeting women in their 40s and 50s, has raised 10 billion won ($9 million) from venture capita...
Jul 29, 2021 (Gmt+09:00)
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Electric vehicles
LG Elec completes stock deal with Magna for EV powertrain JV
LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain joint...
Jul 28, 2021 (Gmt+09:00)
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Pharmaceuticals
TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases
South Korea-based biopharmaceutical company TiumBio is set to acquire 30 billion won ($26 million) worth of shares in SK Plasma, a blood product comp...
Jul 28, 2021 (Gmt+09:00)
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IPOs
HK inno.N’s IPO price set at top end with record demand for Kosdaq listing
HK inno.N Corp. (inno.N), a pharmaceuticals unit of South Korea's Kolmar Korea, set the initial public offering price at the top end of the proposed ...
Jul 28, 2021 (Gmt+09:00)
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Earnings
Polysilicon drives up OCI’s Q2 profit to 10-year high amid solar cell boom
OCI Co., a South Korean chemical and green energy company, on Wednesday reported that its quarterly profit has risen to the highest level in a decade...
Jul 28, 2021 (Gmt+09:00)
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F&B
Shinsegae enters alternative meat market with own brand
South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mark...
Jul 28, 2021 (Gmt+09:00)
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Renewable energy
CS Wind buys Portugal's offshore wind energy firm
CS Wind Corp., the global leader in the wind tower market, has agreed to buy a majority stake in Portugal's largest wind tower manufacturer ASM Indus...
Jul 28, 2021 (Gmt+09:00)
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IPOs
Krafton IPO draws tepid demand from institutional investors
South Korean game developer Krafton Inc.’s initial public offering, the largest domestic IPO in the second half, drew weaker demand from instit...
Jul 28, 2021 (Gmt+09:00)
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Battery materials
POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfat...
Jul 28, 2021 (Gmt+09:00)
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Steel
Korea’s steel stocks make big rebound with rosy H2 outlook
The share prices of South Korea’s major steelmakers, which observed a period of a downturn over the last two months, is making a rebound amid g...
Jul 28, 2021 (Gmt+09:00)
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EV Batteries
Surging battery material costs put roadblock to EV growth
Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key f...
Jul 28, 2021 (Gmt+09:00)
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Startups
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai Mo...
Jul 28, 2021 (Gmt+09:00)
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Tech
Samsung further cornered by Intel's foundry ambitions
Intel Corp.'s announcement on Monday of securing Qualcomm Inc. as its first fabless client caught Samsung Electronics Co. off guard, as the South Kor...
Jul 28, 2021 (Gmt+09:00)
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COVID-19 treatment
COVID treatment deals drive Samsung Bio’s record quarterly earnings
South Korea’s Samsung Biologics Co. posted its highest quarterly revenue and operating profit, thanks largely to a number of long-term manufact...
Jul 28, 2021 (Gmt+09:00)
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IPOs
Tencent, Korea Value poised to see sixfold return from KakaoBank
Chinese technology giant Tencent Holdings, Korea Value Asset Management Co. and South Korea's top lender Kookmin Bank are among a group of shareholde...
Jul 27, 2021 (Gmt+09:00)
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