sharing economy
Scope
Date
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Shipping & Shipbuilding
Hyundai Mipo wins $184 mn order four mid-sized PC carriers
Hyundai Mipo Dockyard Co., a subsidiary of HD Hyundai Group's shipbuilding division, has secured a construction contract for four medium-sized PC (p...
Mar 31, 2023 (Gmt+09:00)
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Shareholder activism
JB Financial wins proxy fight against activist fund Align Partners
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
Mar 31, 2023 (Gmt+09:00)
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IPOs
SK Innovation may give shareholders SK On shares at IPO
SK Innovation Co. is set to consider providing stocks of its electric vehicle battery subsidiary to its shareholders when SK On Co., the world&rsquo...
Mar 30, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's exports of instant noodles exceed $800 mn mark in 2022
South Korea's exports of instant noodles such as ramen last year exceeded $800 million to break an all-time record.Export data released on Thursday ...
Mar 30, 2023 (Gmt+09:00)
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Bio & Pharma
Kolon Pharma to merge with anti-cancer drug developer Platbio
Kolon Pharma, the pharmaceutical affiliate of South Korea's Kolon Group, is merging with anti-cancer drug developer Platbio to advance the developme...
Mar 30, 2023 (Gmt+09:00)
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Shareholder activism
Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor
Global proxy advisory giant Glass, Lewis & Co. has voted for three out of the four proposals made by Seoul-based Tcha Partners Asset Management ...
Mar 28, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK seek dialogue with China at Boao Forum
BEIJING – The Boao Forum for Asia (BFA) is expected to serve as a venue for the world’s two largest memory chipmakers -- Samsung Electro...
Mar 28, 2023 (Gmt+09:00)
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Bio & Pharma
CGBio inks export deal for hyaluronic acid fillers with Chinese distributor
CGBio, a South Korean bio-regenerative medical company, has signed an export deal with Shanghai Feiting Trading Co., a Chinese medical device distri...
Mar 22, 2023 (Gmt+09:00)
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Energy
OCI to expand polysilicon line, buy back shares to boost corporate value
OCI Co., a leading South Korean chemical and green energy company, plans to significantly increase the size of its upcoming share buyback and cancel...
Mar 19, 2023 (Gmt+09:00)
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Economy
S.Korea’s jobs in February grow at slowest pace in 2 years
South Korea’s jobs grew at the slowest pace in two years last month partly owing to a slowdown in the country’s manufacturing sector due...
Mar 16, 2023 (Gmt+09:00)
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Future mobility
SK sells US car-sharing firm Turo stake to earn over $32 mn
South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...
Mar 15, 2023 (Gmt+09:00)
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Rights offerings
Hyundai Asan to sell $30.7 million worth of shares for capital restructuring
Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...
Mar 15, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Qoo10 to buy another Korean rival for unit’s Nasdaq listing
Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...
Mar 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai to boost India presence via takeover of GM plant
Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...
Mar 13, 2023 (Gmt+09:00)
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Korean stock market
Kakao, HYBE shares rally on reconciliation but SM shares tank
Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...
Mar 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE withdraws bid for SM in $1 bn battle with Kakao
South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...
Mar 12, 2023 (Gmt+09:00)
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Economy
S.Korea logs biggest-ever current account deficit in Jan on export slump
South Korea reported its record current account deficit in January due to sluggish exports, the country’s key growth driver, and a widened tra...
Mar 10, 2023 (Gmt+09:00)
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Korean stock market
Foreign investors net buyers of Korean stocks for 5th straight month
Foreign investors bought more South Korean stocks in February, extending their buying spree to five months.The Financial Supervisory Service of Kore...
Mar 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Will SM shares’ bull run foil Kakao’s takeover attempt?
The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...
Mar 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai eyes greater SUV market share with new Kona EV
Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao to launch takeover bid for SM to counter HYBE
Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE barely ups SM stake in tender offer amid tensions with Kakao
HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...
Mar 06, 2023 (Gmt+09:00)
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Alternative investments
Mirae Asset, music profit-sharing startup take on security token offerings
South Korea's Fingo Company, which runs the music revenue sharing platform Fingo, on Friday said it signed a memorandum of understanding (MOU) with ...
Mar 06, 2023 (Gmt+09:00)
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Electronics
Samsung launches new TV ad campaign in London ahead of global release
Samsung Electronics Co. is ramping up its marketing efforts for its latest line of high-end TVs, including the 2023 Neo QLED 8K model, with a giant ...
Mar 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Mar 03, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s DRAM market share rises amid industrywide revenue drop
Samsung Electronics Co., the world’s largest memory chipmaker, saw its DRAM market share rise in the fourth quarter of last year despite a sig...
Mar 03, 2023 (Gmt+09:00)
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Private equity
IMM PE to buy extra Hanssem shares in tender offer
IMM Private Equity will buy additional shares in South Korea’s Hanssem Co. for 100 billion won ($77 million) in a tender offer to inject fresh...
Mar 02, 2023 (Gmt+09:00)
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Korean startups
FADU joins ranks of unicorns as S.Korea’s first fabless chip firm
FADU Technology has become South Korea’s first fabless semiconductor unicorn after successfully raising funds from share sales before its init...
Feb 28, 2023 (Gmt+09:00)
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Shareholder activism
Activist fund Tcha Partners calls for Namyang Dairy to buy back shares
Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of...
Feb 27, 2023 (Gmt+09:00)
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Bio & Pharma
Boryung signs deal with Stendhal to launch hypertension drug in Mexico
Boryung, a South Korean pharmaceutical company, said on Monday it had signed a deal with Stendhal SA de CV, a Mexican medical specialty company, to ...
Feb 27, 2023 (Gmt+09:00)