Idle Stop and Go
Scope
Date
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Pre-IPOs
Samsung SDI supplier Jaewon seeks about $280 mn in pre-IPO
South Korean mid-sized petrochemical company Jaewon Industrial Co. is looking to attract pre-IPO investment, according to investment banking sources...
Oct 19, 2022 (Gmt+09:00)
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Korean chipmakers
KLA to stop chip tool supply to customers in China: Report
US chip toolmaker KLA Corp. will cease offering some supplies and services from Wednesday to China-based customers including SK Hynix Inc., the worl...
Oct 12, 2022 (Gmt+09:00)
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Upcoming IPOs
DRX aims to be first Korean e-sports firm to go public with 2024 IPO
South Korea’s e-sports company DRX is aiming to become the first e-sports firm to list on the secondary bourse Kosdaq with its planned 2024 IP...
Sep 08, 2022 (Gmt+09:00)
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Korean startups
Business magnates' startup investment fraternity V-Society going strong
Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...
Sep 01, 2022 (Gmt+09:00)
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Central bank
BOK chief: S.Korea won't keep pace with Fed’s interest rate hikes
JACKSON HOLE, Wyo. -- The Bank of Korea plans to raise interest rates until inflation falls to its target level but won't keep pace with the US Fede...
Aug 29, 2022 (Gmt+09:00)
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Carbon neutrality
Naver joins RE100 campaign to go carbon-free by 2050
South Korea’s Naver Corp. said on Monday it has joined the RE100 initiative to go carbon-free by 2050 as the first domestic internet portal to...
Aug 23, 2022 (Gmt+09:00)
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Electronics
LG Display set to benefit from post-pandemic automotive display boom
The rapid growth of the electric vehicle market and the advance of autonomous driving technology is providing a silver lining for automotive display...
Aug 19, 2022 (Gmt+09:00)
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Artificial intelligence
Silicon Valley-based AI startup Allganize revs up to go public in Japan
Allganize Inc., a Silicon Valley-based artificial intelligence (AI) startup, recently announced the company will relocate some of its headquarters f...
Aug 17, 2022 (Gmt+09:00)
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Electronics
Foldable smartphones will go mainstream at Samsung: Mobile chief
NEW YORK – Samsung Electronics Co. has vowed to make foldable smartphones its mainstream products in the high-end segment, setting its sales t...
Aug 11, 2022 (Gmt+09:00)
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Korean games
Oasys aims to be blockchain gateway for S.Korean game developers
Singapore-based Oasys has an ambitious goal to revolutionize the gaming industry by making blockchain games cheaper to develop and faster to play &n...
Aug 10, 2022 (Gmt+09:00)
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Airlines
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Jul 15, 2022 (Gmt+09:00)
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Korean games
Korean gaming entrepreneur Kim Jae-young joins billionaire ranks
Kim Jae-young, founder and chief executive of Lionheart Studio Corp., the company behind South Korea’s most popular mobile game Odin, has join...
Jul 14, 2022 (Gmt+09:00)
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Upcoming IPOs
South Korea’s unicorn startups, including Viva Republica, delay IPOs
South Korean startups that exceed $1 billion in valuations, known as unicorns, are pushing back their initial public offering (IPO) dates.The move c...
Jul 11, 2022 (Gmt+09:00)
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Carbon neutrality
Hyundai Mobis to power all plants with 100% renewable energy by 2040
Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...
Jul 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Google stops KakaoTalk updates over violation of external payment policy
Alphabet Inc.’s Google has halted updates to Kakao Corp.'s KakaoTalk, South Korea's most popular messaging app. An employee of Kakao told...
Jul 06, 2022 (Gmt+09:00)
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Retail
Korean duty-free shops hit by unfavorable exchange rate, limited inventory
The duty-free industry has been hoping that the end of COVID-19-related travel restrictions would help boost its sales. Even as international t...
Jun 26, 2022 (Gmt+09:00)
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Korean startups
Translink: Startup fundraising barely affected by economic downturn
Venture capital, or the business of investing in innovative private companies with growth potential, is a local endeavor most of the time.While this...
Jun 26, 2022 (Gmt+09:00)
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Supply chain
Korean truck drivers end strike as govt agrees to extend wage guarantee
South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees...
Jun 15, 2022 (Gmt+09:00)
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Energy
Danfoss installs energy-saving heating systems in Korea's tallest building
SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...
Jun 14, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SKC to sell plastic film business to Hahn & Co. for $1.3 billion
SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...
Jun 02, 2022 (Gmt+09:00)
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Metaverse
VA Corp. to build Asia’s largest virtual studio with LG’s LED displays
VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...
May 27, 2022 (Gmt+09:00)
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Real estate
KB Asset buys Belgian office towers for $654 million
KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisition of North Galaxy...
May 13, 2022 (Gmt+09:00)
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Korean SMEs
S.Korean boiler manufacturers turn to overseas markets
Kyungdong Navien Co. revealed on Sunday that overseas sales account for more than 60% of its total sales on the back of strong exports to the United...
Apr 25, 2022 (Gmt+09:00)
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Korean startups
One in five S.Koreans use AI-powered tax filing platform 3.3
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, is resolute about its mission to help gig economy wor...
Mar 29, 2022 (Gmt+09:00)
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Korean startups
Art investment platform operator Yeolmae Co. raises $14 mn in Series B
South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...
Mar 28, 2022 (Gmt+09:00)
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Pharmaceuticals
Samsung Bioepis to double biosimilars, may resume Nasdaq listing plans
Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, plans to double the number of its biosimilar products on sale to 10 by 2025 and acce...
Feb 24, 2022 (Gmt+09:00)
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IPOs
Korean battery sector to heat up IPO market again
South Korea’s battery industry is expected to heat up the initial public offering market later this year as battery materials and equipment ma...
Feb 23, 2022 (Gmt+09:00)
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Venture capital
Blurring lines between accelerators and VCs with record fundings
Sopoong Ventures Corp. is poised to create a fund worth 10 billion won ($8 million) that specializes in early stage investment, industry insiders sa...
Feb 14, 2022 (Gmt+09:00)
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Blockchain
NHN looks to regain former glory as online game powerhouse
South Korea’s first-generation game developer NHN Corp. is gearing up to regain its past glory as the leader of the game industry.The tech gia...
Feb 08, 2022 (Gmt+09:00)
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Energy
S.Korea urged to embrace nuclear power to go carbon free
The topic of RE100, a multinational campaign to make a full switch to renewable energy by 2050, was brought up last week during a debate among four ...
Feb 07, 2022 (Gmt+09:00)
Latest News
- 1 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 2 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 3 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 4 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 5 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion