Hyundai Motor Group Chairman and Chief Executive Chung Euisun visited the headquarters of the group’s Indian operations earlier this week and met its employeees, according to industry sources, stoking market speculation the South Korean automotive group might accelerate the
28 MINUTES AGO
KT&G Corp., the world’s fifth-largest tobacco maker, faced a $2 billion damages suit from a former employee, who claimed the South Korean company did not properly reward him although he invented the world’s first heat-not-burn cigarette.Kwak Dae-geun, a former KT&
57 MINUTES AGO
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking the first release of its C series since 2017, industry sources said on Wednesday.The Galaxy C55 5G, released on Monday, is built on th
2 HOURS AGO
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the first quarter with record quarterly sales, emerging as the latest chipmaker to confirm a solid recovery in the memory semiconductor market.The South Korean chipmaker also said its NAND business has achieved a “meaningful” turnaround in the January-March quarter without providing figures.&ldqu
3 HOURS AGO
MOST READ
COMPANIES
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ElectronicsLG’s washers selected as best by Consumer ReportsLG Electronics Inc. swept the top three spots in the major categories of the US Consumer Reports Best Washing Machines of 2024 evaluation.The evaluated categories included front loaders, HE top-loaders, and agitator top-loaders, all dominated by LG E
58 MINUTES AGO
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Artificial intelligenceSK Networks establishes AI lab in Silicon ValleySouth Korea's SK Networks Co. announced on Wednesday that it opened the PhnyX Lab, an artificial intelligence (AI) technology development organization in Silicon Valley, California, the US. PhnyX Lab is established to strengthen SK Networks' AI capa
4 HOURS AGO
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Korean chipmakersSK Hynix to invest $14.6 bn to build HBM fab in S.KoreaSK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a NAND flash memory facility in North Chungcheong Province to cement its leadership in the high-performin
17 HOURS AGO
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Korean startupsBet on changes with societal impact: Kakao Ventures CEOIn the past 10 years, Kim Ki-jun has been on the hunt for deep technology startups that will have a significant societal impact, and he will continue his mission as the new chief of Kakao Ventures Corp., the venture capital company under South Korea&
20 HOURS AGO
3 Min read
Hidden Champions
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Jong Ie Nara
Published: May 26, 2021
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DCM
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Point Mobile
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KOREAN INVESTORS
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
21 HOURS AGO
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)
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)
M＆A
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InsuranceKorea's Lotte Insurance up for sale for around $1.5 bnApr 23, 2024 (Gmt+09:00)
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Mergers & AcquisitionsBlackstone signs over $1 bn deal with MBK for 1st Korean exitApr 22, 2024 (Gmt+09:00)
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Real estateHanjin KAL to sell Waikiki Resort to Sono for $101 mnApr 19, 2024 (Gmt+09:00)
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Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyedApr 16, 2024 (Gmt+09:00)
3 Min read
ECM/DCM
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E-commerceAlibaba eyes 1st investment in Korean e-commerce platformApr 22, 2024 (Gmt+09:00)
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Corporate bondsSK Chemicals' bond offering oversubscribed 8 timesApr 19, 2024 (Gmt+09:00)
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Private equityAffinity eyes full control of food container maker Lock & LockApr 18, 2024 (Gmt+09:00)
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ECM/DCMLG Electronics seeks to sell global bonds, 1st time in 12 yrsApr 08, 2024 (Gmt+09:00)
1 Min read
MARKETS
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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)
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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)
4 Min read
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)
CULTURE ＆ TRENDS
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Korean gamesKorea’s Smilegate unveils new RPG Chaos Zero NightmareApr 22, 2024 (Gmt+09:00)
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FashionLouis Vuitton, Chanel, Dior see Korean profits fall in 2023Apr 19, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than JapanMar 18, 2024 (Gmt+09:00)
2 Min read
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