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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 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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Retail
South Korean millennials pay premium for authentic luxury items
South Korea’s traditional retail heavyweights are the unexpected winners of the recent counterfeit controversy in the high-end fashion industr...
May 31, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT maintains throne in Korea pay TV market in H2 2021
KT Corp., a major South Korean telecommunications company, and its affiliates had the largest subscribers of the country’s pay TV services, ma...
May 19, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Baring PEA to refinance two Korean lenders to recoup investment
Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...
May 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Musinsa seeks to buy Japan-focused rival fashion platform
South Korea's top online fashion platform Musinsa is in the last stages of talks to acquire a domestic rival that caters primarily to Japanese shopp...
Apr 13, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong Motor sale collapses as Edison Motors fails to pay
The planned sale of Ssangyong Motor Co. to Edison Motors Co., a small South Korean electric bus maker, has broken down as Edison failed to make full...
Mar 28, 2022 (Gmt+09:00)
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Samsung Group
Samsung family set to sell $320 mn worth of SDS shares
Samsung Group family is set to sell a 3.9% stake in Samsung SDS Co. worth 390 billion won ($319.5 million) through a block deal. The seller is one o...
Mar 22, 2022 (Gmt+09:00)
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War in Ukraine
Korea corp. borrowing costs to rise further on Russia risks
South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...
Mar 02, 2022 (Gmt+09:00)
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Earnings
Hyundai Heavy's KSOE posts $1.1 bn loss in 2021
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...
Feb 07, 2022 (Gmt+09:00)
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Leadership & Management
Kakao co-CEO nominee resigns after stock option exercise
Alex Young-joon Ryu, a nominee for new co-CEO of South Korea's top mobile messenger app Kakao Corp., on Monday offered to step down, after his dispo...
Jan 10, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Glenwood to join GS' acquisition of S&I E&C
South Korea’s construction conglomerate GS Engineering & Construction Co. said on November 17 that it has selected Korean private equity...
Nov 18, 2021 (Gmt+09:00)
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IPOs
Kakao Pay slips on profit-taking after strong KOSPI debut
Kakao Pay Corp. ’s stock tumbled after a strong debut on the South Korean main stock market as investors booked profits, keeping an eye on if ...
Nov 04, 2021 (Gmt+09:00)
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IPOs
Kakao Pay sets IPO price at top end on heated demand
Kakao Group’s payment services unit Kakao Pay Corp. set the initial public offering price at the top end of the proposed band thanks to strong...
Oct 22, 2021 (Gmt+09:00)
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Samsung Group
Tax burden pushes Samsung heirs to sell $1.8 bn worth of shares by April 2022
The heavy inheritance tax burden in South Korea is pushing the heirs of the late Samsung Group Chairman Lee Kun-hee to sell about 2.2 trillion won (...
Oct 11, 2021 (Gmt+09:00)
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Taxation
Samsung, SK Hynix to pay corporate taxes to foreign countries
South Korea’s chipmaking giants Samsung Electronics Co. and SK Hynix are set to pay hundreds of millions of dollars in corporate taxes to fore...
Oct 10, 2021 (Gmt+09:00)
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Economy
S.Korea plans to tighten ability-to-repay rules
South Korea's new household lending rules, set to be unveiled next month, will center on tightening the assessment of borrowers' repayment capabilit...
Sep 27, 2021 (Gmt+09:00)
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IPOs
Kakao Pay pushes back IPO to November despite tight schedule
Kakao Group’s payment services unit Kakao Pay Corp. has pushed back its IPO to November due to growing concerns regarding the impact of regula...
Sep 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Fried chicken chain BHC to pay $255 mn for Outback Steakhouse Korea
South Korea’s No. 2 fried chicken brand BHC Group is set to spend $255 million to acquire the Korean operations of Outback Steakhouse, an Aust...
Sep 23, 2021 (Gmt+09:00)
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IPOs
Regulatory moves delay Kakao Group’s IPO plans
Toughening regulations on big tech firms in South Korea are impacting the IPO timeline of Kakao Pay Corp. and Kakao Mobility Corp. According to the ...
Sep 14, 2021 (Gmt+09:00)
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IPOs
Kakao Pay cuts IPO price by 6% for October listing
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...
Aug 31, 2021 (Gmt+09:00)
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Korean startups
Swit Technologies' valuation tops $80 mn in Series A round
Swit Technologies Inc., the provider of team collaboration tool Swit, is near wrapping up its Series A funding round, having raised around $17.8 mil...
Aug 27, 2021 (Gmt+09:00)
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Future mobility
Kakao Mobility takes first step toward 2022 IPO
Kakao Mobility Corp., South Korea's most popular taxi-hailing app, has taken its first step toward a stock market debut, which is expected to value ...
Aug 23, 2021 (Gmt+09:00)
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Investment banking
Credit Suisse takes one-fifth of S.Korea's Aug IPO fees
Credit Suisse (CS) is taking one-fifth of the underwriting fees from South Korea's four big initial public offerings this month, including KakaoBank...
Aug 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
F&F may pay $350 mn for TaylorMade without Korean sales license
South Korean outdoor clothing retailer F&F Co. may not be able to sell apparel of TaylorMade Golf Co. in the country even after a $350 million t...
Aug 05, 2021 (Gmt+09:00)
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IPOs
Kakao Pay delays IPO following regulator request to refile prospectus
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., is delaying its planned initial...
Jul 20, 2021 (Gmt+09:00)
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IPOs
Kakao Pay must refile IPO registration statement to FSS
South Korea’s financial regulator Financial Supervisory Service (FSS) on July 16 requested correction of Kakao Pay’s IPO registration st...
Jul 16, 2021 (Gmt+09:00)
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Construction
Jungheung cuts Daewoo E&C acquisition price by $180 mn
KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...
Jul 05, 2021 (Gmt+09:00)
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IPOs
Kakao Pay eyes August listing, seeks to raise near $2 bn
South Korea-based Kakao Pay Corp. is set to make a trading debut on the country's main bourse next month -- just a week after its sister company Kak...
Jul 02, 2021 (Gmt+09:00)
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Korean games
Krafton lowers IPO share price amid debate over high valuation
South Korean game developer Krafton Inc. has decided to lower its initial public offering share price amid criticism over its high valuation followe...
Jul 01, 2021 (Gmt+09:00)
Latest News
- 1 Macquarie Korea Asset Management confirms two nominees
- 2 Overseas Korean food fans choose soju, bibimbap as favorites
- 3 Beauty store chain CJ Olive Young to launch Japan unit
- 4 Samsung hits highest US smartphone market share in 4 years
- 5 Shinhan, POSCO invest $20 mn in Australian hydrogen firm Hysata