South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s lucrative cargo unit worth up to 500 billion won ($364 million) after the country's No. 1 budget carrier Jeju Air Co. dropped out of
6 HOURS AGO
Hanwha Aerospace Co., a leading South Korean defense company, on Thursday signed a $1.64 billion deal to supply 72 units of Chunmoo multiple launch rocket system (MLRS) to Poland.The deal was signed by Hanwha Aerospace Chief Executive Son Jae-il and Artur Kuptel, head of the Poli
9 HOURS AGO
South Korea’s leading brokerage house Meritz Securities Co. Executive Vice President Hwang Tae-young, a structured product expert, left the firm last week, according to banking sources on Thursday. Hwang’s resignation came as a surprise as it took place a month after
6 HOURS AGO
BEIJING -- Hyundai Motor Co., South Korea’s top carmaker, joined hands with Contemporary Amperex Technology Co. (CATL), the leading global battery manufacturer, to recover its ailing business in China with customized eco-friendly models for the world’s largest automobile and electric vehicle market.Hyundai Motor Group’s key research center in South Korea is developing EVs tailored for the Chinese market in partnership with R&
9 HOURS AGO
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COMPANIES
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AutomobilesHyundai to produce hybrid cars at EV-only plant in Georgia
Hyundai Motor Co., South Korea’s top automaker, plans to manufacture hybrid models at its electric vehicle and battery plant in the US state of Georgia as the slowdown in the global EV industry is lasting longer than expected.“We are inve
9 HOURS AGO
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IPOsMachine tool maker DN Solutions kicks off IPO process
DN Solutions Co., the world’s third-largest machine tool maker, has kicked off the process of going public on the Korea Exchange, in an initial public offering valued at around 3 trillion-4 trillion won ($2.2 billion-2.9 billion).The South Kore
9 HOURS AGO
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EarningsHyundai Glovis expects better 2024 after solid Q1
Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in the first quarter largely thanks to an increase in inland delivery of finished cars in overseas markets
10 HOURS AGO
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Beauty & CosmeticsCJ Olive Young opens Hongdae Town for K-beauty experience
CJ Olive Young Corp., South Korea’s top beauty store chain, announced on Thursday that it will open Olive Young Hongdae Town, a specialty store that enhances the K-beauty offline experience, starting the next day.Olive Young Hongdae (Hongik Uni
10 HOURS AGO
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KOREAN INVESTORS
South Korea’s leading brokerage house Meritz Securities Co. Executive Vice President Hwang Tae-young, a structured product expert, left the firm last week, according to banking sources on Thursday. Hwang’s resignation came as a surprise a
6 HOURS AGO
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to exp
Apr 24, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock value in the first quarter of this year as shares in the battery sector tumbled amid the electric vehi
Apr 21, 2024 (Gmt+09:00)
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 in its takeover bid, banking sources said on Thursday. MBK executives have rec
Apr 18, 2024 (Gmt+09:00)
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)
M&A
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InsuranceKorea's Lotte Insurance up for sale for around $1.5 bn
Apr 23, 2024 (Gmt+09:00)
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Mergers & AcquisitionsBlackstone signs over $1 bn deal with MBK for 1st Korean exit
Apr 22, 2024 (Gmt+09:00)
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Real estateHanjin KAL to sell Waikiki Resort to Sono for $101 mn
Apr 19, 2024 (Gmt+09:00)
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Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyed
Apr 16, 2024 (Gmt+09:00)
3 Min read
ECM/DCM
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E-commerceAlibaba eyes 1st investment in Korean e-commerce platform
Apr 22, 2024 (Gmt+09:00)
2 Min read -
Corporate bondsSK Chemicals' bond offering oversubscribed 8 times
Apr 19, 2024 (Gmt+09:00)
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Private equityAffinity eyes full control of food container maker Lock & Lock
Apr 18, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Short sellingKorea builds system to speed up banning naked short sales
South Korea’s top financial regulator is set to build digital systems to strengthen the prevention of naked short-selling as the financial watchdog has detected a growing number of the illegal practices by institutional investors over the past few years. The government’s measures come after some global investment banks, such as The Hon
8 HOURS AGO
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Korean stock marketMSCI Korea likely to add 3 stocks: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index when the global stock index provider conducts regular index rebalancing next month, according to Samsung Securities Co. The probability of the trio’s inclusion in the MSCI Korea Index in May is 90%,
Apr 19, 2024 (Gmt+09:00)
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EconomyRising South Korean food prices: Now it’s dried seaweed's turn
First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other countries, food prices in South Korea keep going up -- with everyone biting their nails, hoping for moderating prices of everyday food and goods soon.Chances are slim, however, as price hikes are not just
Apr 18, 2024 (Gmt+09:00)
3 Min read
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)
CULTURE & TRENDS
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Korean gamesKorea’s Smilegate unveils new RPG Chaos Zero Nightmare
Apr 22, 2024 (Gmt+09:00)
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FashionLouis Vuitton, Chanel, Dior see Korean profits fall in 2023
Apr 19, 2024 (Gmt+09:00)
2 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