Samsung Electronics Co., the world’s No. 1 memory chipmaker, has recently set up a high bandwidth memory (HBM) team within the memory chip division to increase production yields as it is developing a sixth-generation AI memory HBM4 and AI accelerator Mach-1.The new team is
5 HOURS AGO
Kangwon Land Inc., the operator of South Korea’s only casino open to locals, has long been struggling with declining visitors.Located in a remote area in the mountainous region of Gangwon Province, over 200 km northeast of Seoul, Korean and foreign casino players have often
5 HOURS AGO
South Korea’s top shipbuilder HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) joined hands with German chipmaker Infineon Technologies AG for ship electrification to accelerate the development of eco-friendly vessels amid tougher marine emissions regulat
14 HOURS AGO
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. said on Friday it has won a $463 million contract to build four warships for Peru’s Navy – Hyundai Heavy’s and Korea’s largest-ever warship export deal to Latin America.Hyundai Heavy said it has also secured exclusive rights to work with the Peruvian Navy for over a decade, opening the door for additional shipbuilding deals worth billions of dollars.Hyunda
9 HOURS AGO
MOST READ
COMPANIES
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AgTechAvalve to export $1.5 mn smart farm solution to Vietnam
South Korea's smart farm startup Avalve announced on Friday that it signed a total of $1.5 million in memorandums of understanding (MOUs) with Vietnam's Antech and Appa Group. One of the Vietnamese companies Anstech specializes in smart solutions and
8 HOURS AGO
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Banking & FinanceShinhan Securities leads M&A of Trench Group
South Korea's Shinhan Securities announced on Friday that it participated as the lead underwriter in the merger and acquisition deal of Trench Group, the world's leading manufacturer of high-voltage transmission network components based in Germany, a
8 HOURS AGO
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Banking & FinanceNH Investment gets APEC Cross Border Privacy Rules
South Korea's NH Investment & Securities announced Friday that it obtained the global personal information protection certification APEC Cross-Border Privacy Rules (APEC CBPR).The company said it is the first South Korean securities firm to attai
9 HOURS AGO
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EnergyTaihan Cable wins $81 mn power network replacement order in US
South Korea's Taihan Cable & Solution Co. announced on Friday that it secured a project of 110 billion won ($81.5 million) to replace aging power networks in the US. This marks its largest US project to date.With this project, Taihan Cable &
10 HOURS AGO
1 Min read
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KOREAN INVESTORS
The Japanese real estate market holds a prominent status in the global investment landscape, buoyed by robust fundamentals that have made it a sought-after destination for investors. Amidst a risk-off shift in the global environment, Japan’s re
8 HOURS AGO
Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for South Korea’s JB Financial Group to accept Align Partners Capital Management Inc.’s deman
Mar 25, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is slated to vote in favor of the KT&G Corp. board’s nomination of Bang Kyung-man as the next chief executive officer, investment banking sour
Mar 22, 2024 (Gmt+09:00)
The Samsung Fire & Marine Insurance Co. headquarters building in Seoul is on the market at a valuation of more than 1 trillion won ($746 million), investment banking sources said on Wednesday.The property owner Koramco REITs Management and Trust
Mar 20, 2024 (Gmt+09:00)
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 million) to spur the brokerage house’s investment banking and corporate finance businesses, sources
Mar 19, 2024 (Gmt+09:00)
M&A
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Mergers & AcquisitionsHanmi Pharma, OCI merger scrapped as sons win family feud
Mar 28, 2024 (Gmt+09:00)
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Mergers & AcquisitionsKDB halts KDB Life sale process to take full control
Mar 27, 2024 (Gmt+09:00)
2 Min read -
E-commerceQoo10 buys Korean department store AK’s e-commerce unit
Mar 27, 2024 (Gmt+09:00)
2 Min read -
Mergers & AcquisitionsSK Networks prepares to put SK Rent-a-Car on market
Mar 26, 2024 (Gmt+09:00)
2 Min read
ECM/DCM
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Private equityIMM PE puts Korea’s top travel agency Hanatour up for sale
Mar 26, 2024 (Gmt+09:00)
2 Min read -
Debt financingMBK secures $1 bn refinancing on Homeplus from Meritz
Mar 22, 2024 (Gmt+09:00)
3 Min read -
ConstructionDaewoo E&C, Kuwaiti banks sign $250 mn loan agreement
Mar 14, 2024 (Gmt+09:00)
1 Min read -
Private equityTmax Group to draw more than $572 mn to buy back Tmaxsoft
Mar 12, 2024 (Gmt+09:00)
1 Min read
MARKETS
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EconomyKorea’s factory output rebounds in Feb on chip recovery
South Korea’s factory activity last month bounced back in three months thanks to strong recovery in the country’s semiconductor sector but consumption dwindled with people still tightening their belts amid stubborn inflation, which could complicate the recovery of Asia’s No. 4 economy. According to data released on Friday by Stati
14 HOURS AGO
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Sovereign bondsKorea yet to join global bond index for capital inflows
South Korea has so far failed to be included on a global major bond index, denting hopes for capital inflows into Asia’s fourth-largest economy, although the government pledged to keep improving systems for possible inclusion this year.FTSE Russell, the global index subsidiary of London Stock Exchange Group, said on Wednesday it is keeping So
Mar 28, 2024 (Gmt+09:00)
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Sovereign bondsEuroclear to trade Korean treasuries via omnibus account
The National Tax Service (NTS) of South Korea said on Tuesday that Euroclear Bank SA/NV and Clearstream Banking S.A., two major clearing houses for securities traded in Europe, will trade Korean treasuries for foreigners via their omnibus accounts at Korea Securities Depository (KSD) from June.NTS said on March 26 that it has approved Brussels-base
Mar 26, 2024 (Gmt+09:00)
1 Min read
While the economic impact of US singer Taylor Swift is so powerful that pundits coined words like “the Taylor Swift economy,” no less strong is the economic power of South Korean pop artists such as BTS, Blackpink and Twice.According to the Bank of Korea (BOK) on Wednesday, the country’s intellectual property (IP) rights trade pos
Mar 21, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Korean gamesSolo Leveling: Arise, Netmarble’s webtoon game to spur turnaround
Mar 19, 2024 (Gmt+09:00)
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Tech, Media & TelecomIn S.Korea, Instagram thrives while Facebook declines
Mar 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