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Automobiles
Kia EV9, Hyundai IONIQ 5 N sweep World Car Awards

NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, swept trophies at the 2024 World Car Awards, a global premier standard for automotive excellence, with electric vehicles, proving the South Korean manufacturer’s competitiveness in the clean car sector.

8 HOURS AGO

4 Min read
Mergers & Acquisitions
Hanmi Pharma, OCI merger scrapped as sons win family feud

Hanmi Pharmaceutical Group’s proposed merger with OCI Holdings Co. has collapsed after two sons of the group’s founding family, who opposed the merger, won a vote battle against the proponents of the merger on Thursday.At the annual general meeting (AGM) of Hanmi Scie

39 MINUTES AGO

3 Min read
Electronics
LG OLED TVs' new theme: Empathetic, personalized AI

LG Electronics Inc., the world’s No. 1 OLED TV producer, defines artificial intelligence as empathy intelligence for customers. On Wednesday, the South Korean electronics company unveiled its upgraded OLED TV featuring more empathetic and personalized AI solutions, as well

5 HOURS AGO

2 Min read
HSBC faces criminal charge for naked shorting in Korea
Markets
HSBC faces criminal charge for naked shorting in Korea

South Korean prosecutors on Thursday filed criminal charges against HSBC and its three traders, accusing them of illegal short selling worth 15.8 billion won ($12 million). It marked the first case in the country to bring charges against a global investment bank over short selling.The move came three months after the country's top financial regulator slapped a 7.5 billion won fine on HSBC’s Hong Kong office for naked short-selling of s

2 HOURS AGO

2 Min read
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COMPANIES

  • Doosan Robotics, Bodyfriend to collaborate on marketing
    Advertising & Marketing
    Doosan Robotics, Bodyfriend to collaborate on marketing

    South Korea's Bodyfriend Inc. announced on Thursday that it signed a memorandum of understanding (MOU) with Doosan Robotics Inc. for co-marketing the healthcare robot and collaborative robot. Under the agreement, Bodyfriend will install Doosan Roboti

    5 HOURS AGO

    1 Min read
  • Lotte Chemical applies recycled plastic to packaging
    Chemical Industry
    Lotte Chemical applies recycled plastic to packaging

    South Korea's Lotte Chemical announced on Thursday that it has applied recycled materials to all 25 kg packaging bags for polyethylene (PE) and polypropylene (PP) produced at its Yeosu and Daesan plants.The newly modified packaging bags incorporate 3

    5 HOURS AGO

    1 Min read
  • LG Electronics spins off X-UP, 4 other in-house venture firms
    Korean startups
    LG Electronics spins off X-UP, 4 other in-house venture firms

    LG Electronics Inc. said on Thursday it is spinning off five promising in-house venture firms as separate entities to strengthen South Korea’s burgeoning startup ecosystem.Six teams participated in LG’s demo day, or a showcase day, to pit

    6 HOURS AGO

    2 Min read
  • HD Hyundai Develon wins iF Design Award
    Advertising & Marketing
    HD Hyundai Develon wins iF Design Award

    South Korea's HD Hyundai Infracore Co. announced on Thursday that its construction machinery brand Develon received the grand prize in the branding category at the German iF Design Award 2024.With this, Develon has won the design award for the second

    6 HOURS AGO

    1 Min read
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Hidden Champions

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  • Jong Ie Nara

    Published: May 26, 2021

    Last updated: Apr 15, 2022

  • Buhmwoo Group

    Published: Apr 21, 2021

    Last updated: Jan 30, 2023

  • Point Mobile

    Published: Sep 14, 2021

    Last updated: May 10, 2022

  • DCM

    Published: Dec 09, 2022

    Last updated: Jan 30, 2023

  • T-Robotics

    Published: Mar 25, 2021

    Last updated: Jan 30, 2023

Future Unicorns

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  • L-Base

    Published: Oct 21, 2022

    Last updated: Nov 16, 2022

  • BJ BIOCHEM

    Published: Oct 21, 2022

    Last updated: Nov 04, 2022

  • Fridays Lab

    Published: Jun 30, 2023

    Last updated: Nov 10, 2023

  • iCore

    Published: Oct 07, 2022

    Last updated: Apr 17, 2023

  • S.lab Asia

    Published: Jul 20, 2022

    Last updated: Jul 21, 2022

  • LX홀딩스

KOREAN INVESTORS

JB investors urged to oppose Align's call for board overhaul
Corporate governance
JB investors urged to oppose Align's call for board overhaul

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)

1 Min read
Corporate governance
NPS to vote in favor of KT&G CEO candidate Bang

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)

2 Min read
Real estate
Samsung Fire headquarters up for sale at about $746 mn

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)

1 Min read
Real estate
Daishin to sell its headquarters at $493 mn to NH-Amundi

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)

1 Min read
Real estate
Real estate firms up for sale amid lasting market downturn

A growing number of private real estate firms are being put up for sale in South Korea amid a prolonged market downturn and increasing delinquencies in property development project finance. Fastfive Co., a co-working space operator, sold a 100% stak

Mar 12, 2024 (Gmt+09:00)

2 Min read

M&A

ECM/DCM

MARKETS

  • Sovereign bonds
    Euroclear 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
  • Economy
    BTS, Blackpink economy: Korea’s IP rights trade at record surplus

    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)

    2 Min read
  • Foreign exchange
    Korean investors’ yen savings flirt with record high

    South Korean retail investors, hunting for bargains, have flocked to shovel in the Japanese currency hovering around its record low value in anticipation of an end to the Bank of Japan’s eight-year negative rate policy, but their investment return is warned to be lower than expected due to the BOJ's still-dovish stance. According to Bank of K

    Mar 19, 2024 (Gmt+09:00)

    3 Min read
Korea eyes $1.5 bn injection in KDB for chip, battery sectors
Economy
Korea eyes $1.5 bn injection in KDB for chip, battery sectors

South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's financing plans focused on the chip and secondary battery industries, according to the government on Monday.KDB and other state-owned financial institutes such as Industrial Bank of Korea (IBK) and Kor

Mar 18, 2024 (Gmt+09:00)

1 Min read
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