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Corporate strategySK Chemicals to invest $1.6 bn in green, biopharmaceutical sectors
South Korea’s SK Chemicals plans to invest more than 2 trillion won ($1.6 billion) in eco-friendly material and biopharmac...
Mar 28, 2022 (Gmt+09:00)
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Foreign exchangeKorea won at three-year high vs yen on rate differentials
South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher i...
Mar 28, 2022 (Gmt+09:00)
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IPOsKurly applies for Korea IPO to raise about $800 mn
South Korea's Kurly Inc. on Monday applied for a preliminary review of its initial public offering, the Korea Exchange said, as ...
Mar 28, 2022 (Gmt+09:00)
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Shipping & ShipbuildingHD Hyundai files complaint against EU's veto of DSME merger
HD Hyundai, formerly known as Hyundai Heavy Industries Holdings Co., has filed a complaint against the European Commission, the ...
Mar 28, 2022 (Gmt+09:00)
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Alternative investmentsDaewoo E&C jointly creates $400 mn fund for overseas M&As
Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equi...
Mar 28, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKorean activist fund KCIG to sell Hanjin KAL stake to local builder
South Korea’s activist fund Korea Corporate Governance Improvement Fund (KCGI) has decided to sell its stake in Hanjin KAL...
Mar 28, 2022 (Gmt+09:00)
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Korean startupsArt 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...
Mar 28, 2022 (Gmt+09:00)
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CompaniesBulk of Korean firms to face losses if oil price soars to $150
Seven out of 10 South Korean companies predict they will swing to operating losses if global oil prices soar to $150 a barrel, a...
Mar 28, 2022 (Gmt+09:00)
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Mergers & AcquisitionsKakao hits snag in $815 mn SM Entertainment takeover plan
Kakao Entertainment Corp. has hit a snag in its talks to buy a controlling stake in SM Entertainment Co., according to those f...
Mar 28, 2022 (Gmt+09:00)
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EnergyHanwha Solutions wins France's solar farm project
Q Cells, a renewable energy division of South Korea's Hanwha Solutions Corp., has clinched a large-scale solar energy project in...
Mar 28, 2022 (Gmt+09:00)
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Mergers & AcquisitionsSsangyong 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...
Mar 28, 2022 (Gmt+09:00)