South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such as research and development of the Asian country’s planned space agency to become one of the global space powerhouses.The South
31 MINUTES AGO
South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is launching the ST1, its first fully electric work van that can be retrofitted for various commercial purposes.The Hyundai ST1 is the Korean automaker’s first commercial EV with an initial lineup of a
2 HOURS AGO
North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s police said on Tuesday, raising the alarm for the South’s national security.North Korea’s three largest hacking groups &ndash
16 HOURS AGO
NAVARRA, Spain -- Hyundai Mobis Co. said on Wednesday it has broken ground for an electric vehicle battery plant in Spain for stable supply to Volkswagen, after it secured a battery system assembly (BSA) order from the German carmaker last year, purportedly worth billions of dollars.It will become the South Korean auto parts maker's first EV battery system-dedicated plant in Western Europe and scheduled for mass production of 360,000 units annual
2 HOURS AGO
COMPANIES
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Upcoming IPOsKorchip sets IPO price above expected range
South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (11,000-14,000 won) based on book building from domestic and foreign institutional investors.A total of
52 MINUTES AGO
1 Min read -
Asset managementSamsung Asset eyes expansion into US ETF market
NEW YORK – South Korea’s largest asset manager Samsung Asset Management Co. is leveraging its strategic partnership with a US investment firm to increase exchange-traded fund (ETF) sales and appeal to both Korean and US investors. Samsung
19 HOURS AGO
2 Min read -
RetailUsed goods platform Gugus shines in slowing luxury market
Gugus, South Korea’s largest online retailer of secondhand luxury goods, posted double-digit growth in revenue and transactions in the first quarter of this year after a robust 2023, bucking the spending slowdown trend seen in the high-end good
19 HOURS AGO
3 Min read -
Banking & FinanceIBK, Mizuho Bank agree on $218-million committed line
South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese leading lender Mizuho Bank, allowing the Korean policy bank to secure a stable level of foreign currencies
20 HOURS AGO
1 Min read
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KOREAN INVESTORS
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)
Secondaries have become one of the most sought-after assets amid market uncertainty as they provide early exit opportunities and portfolio diversification. In last year's high-rate environment, investors flooded into the infrastructure market and sec
Apr 09, 2024 (Gmt+09:00)
M&A
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Mergers & AcquisitionsBlackstone signs over $1 bn deal with MBK for 1st Korean exit
Apr 22, 2024 (Gmt+09:00)
2 Min read -
Real estateHanjin KAL to sell Waikiki Resort to Sono for $101 mn
Apr 19, 2024 (Gmt+09:00)
1 Min read -
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)
1 Min read -
Private equityAffinity eyes full control of food container maker Lock & Lock
Apr 18, 2024 (Gmt+09:00)
1 Min read -
ECM/DCMLG Electronics seeks to sell global bonds, 1st time in 12 yrs
Apr 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)
3 Min read -
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 -
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 Nightmare
Apr 22, 2024 (Gmt+09:00)
1 Min read -
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 -
The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read