The korea economic daily

Hydrogen tank supplier to Hyundai prepares 2021 IPO

Iljin Composites Corp., the only South Korean manufacturer of composite fuel tanks, is set to mandate Mirae Asset Daewoo Co. and Samsung Securities Co...

Firms vie to become Krafton's $883 mn IPO manager

A competitive lineup of securities firms gathered at game developer Krafton Inc.'s office building in Pangyo, Gyeonggi province on Oct. 21 to pitch fo...

Korean IPOs lose steam as Big Hit shares plummet

Big Hit Entertainment Co., the South Korean entertainment agency behind global sensation BTS, saw its shares drop by as much as 22% on Oct.16, the sec...

Korea's beauty chain pre-IPO attracts PEFs

South Korea's largest health and beauty franchise CJ Olive Young has received preliminary bids from around seven participants including global and dom...

BTS label Big Hit trims gains after strong debut

Big Hit Entertainment Co., the label behind K-pop boyband sensation BTS, nearly halved its initial gains by the close of its first day of trading Oct....

BTS may be allowed to delay military service to age 30

South Korea is likely to allow the seven members of boy band BTS to postpone their mandatory national military service by two years until the age of 3...

BTS members eye $21 mn windfall each from agency’s IPO

The seven members of the global boy band BTS may see their shares in Bit Hit Entertainment Co. rocket to as high as 24 billion won ($21 million) each ...

Big Hit scores second-highest IPO subscription ever at $50.4 bn

Big Hit Entertainment Co., the label behind global boy band sensation BTS, pulled in 58.4 trillion won ($50.4 billion) with shares oversubscribed by 6...

Kakao Pay set to be Korea's first mobile-payment fintech to go public

Kakao Pay Corp. is set to become South Korea’s first mobile-payment fintech company to go public as the company kicks off preparations for an in...

Korea’s mobile banking app KakaoBank to push for 2021 IPO

KakaoBank Corp., the mobile banking arm of South Korea’s online messaging app operator Kakao Corp., is planning an initial public offering next ...

Shinhan Bank sells $285 mn in Australian-dollar social bonds

Shinhan Bank has raised A$400 million ($285 million) in five-year bonds denominated in the Australian dollar to fund lending to pandemic-hit companies...

BTS' Big Hit focuses on sustainable fandom-based business model

Big Hit Entertainment Co., behind the K-pop idols BTS, is switching its focus to online concerts, merchandise and character businesses from offline pe...

Korea’s ESG corporate bond issues on course to top $5 bn in 2020

South Korean companies’ issues of environmental, social and governance (ESG) bonds have almost doubled to 5.7 trillion won ($4.9 billion) so far...

Export-Import Bank of Korea sells $500 mn euro bonds with negative yield

The Export-Import Bank of Korea (KEXIM) has issued euro-currency bonds worth $500 million at a negative interest rate, the bank said on Sept. 15, less...

Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services

Hyundai Card Co. has issued green bonds worth 450 billion won ($379 million) to fund its green car financing services, the credit card company said on...

South Korea sells $827 mn worth of euro-currency bonds with negative yield

The South Korean government has issued euro-denominated bonds worth 700 million euros ($827 million) at a negative interest rate, becoming the first n...

Lotte Corp's corporate bond issue raises staggering $665 mn in demand

South Korean conglomerate Lotte Corporation saw overwhelming demand of 790 billion won ($665 million) from institutional investors on the issuing of c...

KT issues $400 mn dollar-denominated bond with record-low 1% interest rate

South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...

SK Hynix joins in $60 mn funding for US chip design startup SiFive

SK Hynix Inc. has recently participated in a $60 million funding for the US semiconductor startup SiFive, SK Hynix said on August 12.Saudi Aramco and ...

Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September

Lotte Corporation is set to become the first South Korean holding company to issue environmental, social, and governance (ESG) bonds, according to inv...

Korean telecom giant KT to issue $400 mn dollar bond in August

South Korea’s telecom giant KT Corp. plans to raise $400 million by issuing a dollar-denominated bond around the end of August, according to inv...

Kospi's 12-month P/E ratio hits a 13-year high

Kospi has posted a 13-year high with 12-month forward price-earnings ratio recording 12.84 times on August 6, according to financial data provider FnG...

Korean game platform seeks $323 mn IPO in non-contact business boom

Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

IPO of Korea’s first overseas property-backed REIT receives tepid response

The initial public offering of JR Global REIT, set to be South Korea’s first listed REIT backed by overseas property, was undersubscribed 0.23 t...

Unsold corporate bonds may hit a record-high in seven years

Institutional investors are becoming wary of investing in Korean corporate bonds due to uncertainties caused by the coronavirus. As of July 20, there ...

Doosan Infracore issues $300 mn dollar bonds amid corporate restructuring

Doosan Infracore Co. Ltd., a Korean machinery manufacturer, has successfully issued dollar-denominated bonds worth $300 million despite concerns that...

Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand

The Export-Import Bank of Korea (KEXIM) has nearly doubled the size of its planned new bond sale in Australia to A$700 million ($460 million) on stron...

Korea’s first Europe-focused REIT eyes $200 mn IPO in 2020

South Korea’s first Europe-focused real estate investment trust (REIT) is poised to go public on the domestic stock market in early 2020 to rais...