Hankook Tire and Technology Co. on Friday reached a preliminary agreement to buy 1.37 trillion won ($1 billion) worth of shares in Hanon Systems Corp., the world’s second-largest heat pump systems maker for automobiles, from private equity firm Hahn & Co.The tire maker&
15 HOURS AGO
TBILISI, Georgia – The Bank of Korea (BOK) will go back to square one on monetary policy as stronger-than-expected economic growth in the first quarter and delayed rate cuts in the US may make the factors it had closely monitored before a rate move not worthy of consid
17 HOURS AGO
Samsung Life Science Fund, managed by Samsung Group’s venture investment arm, has invested in US biotechnology firm Latus Bio Inc. during the latter’s Series A funding round raising $54 million, according to the US company’s press release on Thursday. Samsung Li
17 HOURS AGO
TOKYO – South Korea’s tech giant Naver Corp. said on Friday that Japan’s administrative guidance for Naver to sell down its control in LY Corp., the operator of popular mobile messenger app Line in Japan, is unprecedented.Choi Soo-yeon, chief executive of Naver, said she is undecided on Naver’s relationship with LY. However, Naver is ready to accept Tokyo’s request to separate its information technology infrastructur
13 HOURS AGO
COMPANIES
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Shipping & ShipbuildingHD Hyundai, ABS to set standards for e-propulsion ships
South Korea's HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) and HD Hyundai Heavy Industries Co., partnered with the American Bureau of Shipping (ABS) to capture a large electric propulsion ship market.HD Hyundai announced on Friday t
16 HOURS AGO
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AutomobilesHyundai Motor Group has most IIHS top safety pick cars
Hyundai Motor Group announced on Friday that the Hyundai Motor Co.'s IONIQ 5 achieved the highest rating of "Top Safety Pick Plus" (TSP+) in crash tests conducted by the US Insurance Institute for Highway Safety (IIHS), which was announced the day be
17 HOURS AGO
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Korean chipmakersSapeon to supply NPI IP to Telechips
Sapeon Inc., the artificial intelligence (AI) chip subsidiary of South Korea's SK Telecom Co., announced on Friday that it will supply its AI semiconductor X300 architecture-based neural processing unit (NPU) for autonomous driving vehicles to Telech
18 HOURS AGO
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Upcoming IPOsOverhang concerns loom over HD Hyundai Marine IPO shares
Concerns are growing that South Korea’s main stock bourse could be inundated with a huge number of HD Hyundai Marine Solution Co. shares next week when the company goes public, as nearly all of its foreign holdings will be freed up for sale imm
20 HOURS AGO
3 Min read
Hidden Champions
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T-Robotics
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DCM
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iCore
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L-Base
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KOREAN INVESTORS
The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under which it aims to increase its purchase of risky assets, including stocks and alternative asset products.I
May 02, 2024 (Gmt+09:00)
There is potential distress in the U.S. multifamily housing sector today. we believe there is a window of opportunity over the next 12-18 months for well-capitalized investors to take advantage of select distress opportunities and to exit when capit
Apr 30, 2024 (Gmt+09:00)
Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that operates digital voucher systems for the country’s top online messenger Kakao Talk, shopping centers
Apr 30, 2024 (Gmt+09:00)
South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth of investment this year, its biggest-ever external allocation also set to invest in high-default-risk
Apr 28, 2024 (Gmt+09:00)
South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to exp
Apr 24, 2024 (Gmt+09:00)
M&A
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Mergers & AcquisitionsWoori buys Korea Foss Securities to offer brokerage services
18 HOURS AGO
2 Min read -
E-commerceMBK to delist e-commerce Connectwave after tender offer
Apr 29, 2024 (Gmt+09:00)
1 Min read -
InsuranceKorea's Lotte Insurance up for sale for around $1.5 bn
Apr 23, 2024 (Gmt+09:00)
1 Min read
ECM/DCM
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E-commerceAlibaba eyes 1st investment in Korean e-commerce platform
Apr 22, 2024 (Gmt+09:00)
2 Min read
MARKETS
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Korean stock marketKospi 200 valued sharply lower than MSCI developed rivals
South Korea’s listed firms are undervalued compared with companies in public markets of developed and emerging countries, according to the Korea Exchange (KRX) on Friday.The price-to-book (P/B) ratio of the firms on the Kospi 200 Index was 1.0, based on their closing prices on May 2 and 2023 year-end financial statements, KRX found. The index
16 HOURS AGO
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EconomyOECD sharply revises up S.Korea GDP forecast after strong Q1
The Organisation for Economic Co-operation and Development (OECD) forecasts South Korea’s economy to expand at a faster pace than it previously expected on the prospect of recoveries in consumer spending and investment later this year, alongside robust export growth led by semiconductor chips.In its OECD Economic Outlook report released on Th
May 02, 2024 (Gmt+09:00)
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Banking & FinanceBrokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking and bond trading, according to Financial Supervisory Service (FSS) data on Thursday. The 14 domestic brokerage firms were operating 63 affiliates and 10 branches abroad as of the end of 2023. The offsh
May 02, 2024 (Gmt+09:00)
1 Min read
South Korea’s headline inflation dipped below 3% for the first time in three months last month but uncertainty lingers from still-high agricultural product prices and unsteady international oil prices, which will likely keep the country’s policy rates at the current level for a while. Consumer prices in April added 2.9% from the same mo
May 02, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Travel & LeisureKorean retailers, hotels enjoy tourist boom in May holidays
Apr 30, 2024 (Gmt+09:00)
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HealthcareKorea’s rising medical tourism: Skin care, plastic surgery
Apr 29, 2024 (Gmt+09:00)
2 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
2 Min read