Korean business in Kuwait
Scope
Date
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Electronics
Samsung's Harman goes from ugly duckling to golden swan
When Samsung Electronics Co. acquired Harman International Industries Inc., a global leader in the audio and automotive electronics business, in 201...
Feb 18, 2025 (Gmt+09:00)
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Machinery
Korean tractor maker Daedong ends two-decade partnership with Deere
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has ended its two-decade-long partnership with Deere & Co., the wor...
Feb 18, 2025 (Gmt+09:00)
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Private equity
Bain Capital acquires control of Mohegan's Korean resort
Private equity firm Bain Capital has acquired control of Mohegan Inspire Entertainment Resort on Yeongjong Island, the largest integrated resort in ...
Feb 18, 2025 (Gmt+09:00)
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Aerospace & Defense
S.Korea’s defense order backlog reaches record $73.1 billion at end-2024
South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...
Feb 17, 2025 (Gmt+09:00)
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E-commerce
Korean e-commerce platforms’ growth cools; Naver Shopping sales down
South Korea’s major e-commerce platforms, including Naver Shopping, are showing signs of slowing growth amid the rise of Chinese platform gian...
Feb 17, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders to benefit from rising LNG, oil tanker demand
South Korean shipbuilders are expected to benefit from a potential surge in demand for liquefied natural gas (LNG) and crude oil carriers as US Pres...
Feb 17, 2025 (Gmt+09:00)
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Economy
S.Korea’s default risk dips below pre-martial law levels
South Korea’s financial market has stabilized with a sharp fall in the country’s default risk and some recovery of its currency value ag...
Feb 17, 2025 (Gmt+09:00)
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Private equity
EQT targets healthcare, technology, business service providers in Korea
EQT, the largest private equity firm in Europe, is setting its sights on healthcare, technology companies and business service providers in South Ko...
Feb 14, 2025 (Gmt+09:00)
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Commodities
FOMO-driven gold rush lifts kimchi premium on gold to highest level
With South Korean retail investors joining the global gold rush in ‘fear of missing out’, or FOMO, the country’s gold price has ...
Feb 14, 2025 (Gmt+09:00)
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Corporate bonds
LG companies flock to debt, equity markets to raise $2.8 billion
Companies under South Korea’s fourth-largest conglomerate LG Group scrambled to sell shares and bonds to raise 4 trillion won ($2.8 billion) e...
Feb 14, 2025 (Gmt+09:00)
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Korean games
Nexon becomes 1st Korean game publisher with over 4 trillion won in sales
Nexon Co., the parent of Nexon Games Co., became the first Korean game developer to achieve the 4 trillion won ($2.8 billion) sales milestone in 202...
Feb 13, 2025 (Gmt+09:00)
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Sovereign bonds
Foreigners return to Korean debt market; Korea on course to join WGBI
Foreigners scooped up South Korean government bonds in January despite the country’s ongoing political upheavals, betting big on the country&r...
Feb 13, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Korea Shipbuilding premieres nuclear-powered ship design
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the parent of the world’s largest shipbuilder HD Hyundai Heavy Industries Co.,...
Feb 13, 2025 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners, 2 Chinese firms vie for CJ Cheiljedang’s $4 bn bio business
North Asia-focused private equity firm MBK Partners and two leading Chinese biotechnology firms are vying for management control of CJ Cheiljedang C...
Feb 13, 2025 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant seeks to sell waste treatment business for $1.4 billion
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, is seeking to dispose of its waste treatment b...
Feb 12, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Meta in talks to acquire Korean fabless chip startup FuriosaAI: Forbes
Meta Platforms Inc., the parent of Facebook and Instagram, is in talks to acquire Seoul-based AI chip startup FurisosaAI Inc. and the discussion cou...
Feb 12, 2025 (Gmt+09:00)
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Economy
South Korean state think tank cuts 2025 growth forecast, flags US tariff risk
South Korea’s state-run think tank has cut its growth forecast for the country this year, citing President Donald Trump’s trad...
Feb 12, 2025 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha agrees to buy 60% stake in Ourhome for $599 mn
South Korea’s Hanwha Group, which is seeking to re-enter the catering market five years after leaving the sector, has agreed to buy a nearly 6...
Feb 11, 2025 (Gmt+09:00)
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IPOs
South Korean IPO market headed into winter after pitiful LG CNS debut
Companies in South Korea are expected to refrain from seeking initial public offerings for a while after the country’s much-anticipated new bl...
Feb 11, 2025 (Gmt+09:00)
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Cryptocurrencies
Korean investors abandon savings, stocks for cryptocurrencies
Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...
Feb 10, 2025 (Gmt+09:00)
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Medical devices
Middle East: New land of opportunity for Korean medical devices
South Korea is making inroads into the Middle East's medical device market dominated by the US and Europe, aiming to leverage the region’s str...
Feb 10, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE bags $371 mn LNG bunker ship order
The outlook for South Korean shipbuilders’ liquefied natural gas (LNG) bunkering ship construction looks bright as the global LNG-powered ship...
Feb 10, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai in talks to buy back Korean ship parts maker
HD Hyundai Co., the world’s second-largest shipbuilder, is in talks with a private equity firm to buy back a South Korean ship parts manufactu...
Feb 10, 2025 (Gmt+09:00)
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Mergers & Acquisitions
LG Chem embarks on sale of dermal filler business worth $343 million
LG Chem Ltd., the world’s fourth-largest chemicals producer that is fostering vaccine and new drug development as new growth drivers, has kick...
Feb 09, 2025 (Gmt+09:00)
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Corporate investment
LX International seeks to acquire nickel, copper mines in Indonesia
LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in...
Feb 07, 2025 (Gmt+09:00)
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Earnings
Hanwha Systems posts record earnings in 2024 on brisk defense sales
Hanwha Systems Co., a leading South Korean defense company, reported its best-ever earnings last year thanks to brisk sales of its defense systems i...
Feb 07, 2025 (Gmt+09:00)
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Earnings
Naver founder to return as board chair; 2024 earnings solid
Lee Hae-jin, the founder of South Korea’s No. 1 internet portal operator Naver Corp., is set to return to the company to lead the board amid t...
Feb 07, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Korean beauty giants Amorepacific, LG H&H come back from China woes
South Korea’s two largest cosmetics makers, Amorepacific Corp. and LG H&H Co., are recovering from years of lackluster overseas business p...
Feb 06, 2025 (Gmt+09:00)
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Real estate
NPS closes $1.6 bn Korean office deal; scientists pension eyes NCSOFT building
The National Pension Service (NPS) has completed the purchase of One Grove for 2.3 trillion won ($1.6 billion), its largest single real estate inves...
Feb 06, 2025 (Gmt+09:00)
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IPOs
Korean firms cut IPO prices, volumes amid bearish sentiment
South Korean companies are relaunching attempts to go public with lower valuations and fewer shares amid continued sour investor sentiment.CK Soluti...
Feb 05, 2025 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand