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Sunday May 18, 2025

Mergers & Acquisitions

LS moves closer to Hanjin KAL’s white knight role vs Hoban

Hanjin KAL Corp., the largest shareholder of Korean Air Lines Co., is strengthening its alliance with LS Group, the parent of LS Cable & System Inc., to brace for a potential management dispute with Hoban Group, a South Korean construction and power cable manufacturer.LS Corp., a holding company, is set to sell 65 billion won ($46.4 million) worth of bonds to Korean Air in June. They are exchangeable into 387,365 shares of LS Corp. by 2030, e
50 MINUTES AGO

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Hanjin KAL Corp., the largest shareholder of Korean Air Lines Co., is strengthening its alliance with LS Group, the parent of LS Cable & System Inc., to brace for a potential management dispute with Hoban Group, a South Korean construction and power cable manufacturer.LS Corp., a holding company, is set to sell 65 billion won ($46.4 million) worth of bonds to Korean Air in June. They are exchangeable into 387,365 shares of LS Corp. by 2030, e
50 MINUTES AGO
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Beauty & Cosmetics

K-Beauty defies seasonal slump with record $980 mn in April exports

The global appetite for Korean beauty products shows no sign of slowing, with their exports in April surging 20% year on year to a record high, even during the industry’s quietest season. According to trade data from the Korea Customs Service on Thursday, South Korea’

May 16, 2025 (Gmt+09:00)

4 Min read
Tech, Media & Telecom

S.Korea’s Naver to launch Silicon Valley venture arm in aggressive AI push

Naver Corp., South Korea’s top internet portal operator, plans to set up a dedicated venture capital arm in Silicon Valley in a move seen as a high-stakes bid to shore up its artificial intelligence capabilities amid intensifying global competition.The new subsidiary, Naver

May 16, 2025 (Gmt+09:00)

3 Min read
Upcoming IPOs

UK chip testing device maker TeraView seeks Kosdaq debut

TeraView Ltd., a UK semiconductor inspection device maker, is aiming to list on South Korea’s Kosdaq market in the second half of this year, in what could be the first listing by a European company on the junior bourse.It plans to file for preliminary IPO review as early as

May 16, 2025 (Gmt+09:00)

2 Min read
Real estate

Greystar hires ex-Samsung SRA manager to launch Seoul office

Greystar Real Estate Partners, the largest housing investment firm in the US, has hired Kang Junghwan, former managing director and head of portfolio management at Samsung SRA Asset Management Co., to lead its first office in South Korea.The property giant plans to open the Seoul office in July, aiming to tap into South Korea’s expanding rental housing market amid a surge in single- and two-person households.According to his LinkedIn profil

May 16, 2025 (Gmt+09:00)

2 Min read
Banking & Finance

Samsung flexes financial muscle as insurance, card units top sector rankings

Samsung Group’s financial affiliates are closing in on KB Financial Group for the top spot in South Korea’s financial services sector, underscoring Samsung’s disciplined management amid an economic slowdown.According to company filings, Samsung Life Insurance Co., Samsung Fire & Marine Insurance Co. and Samsung Card Co. all secured the top position in their respective sectors in terms of net profit during the first quarter.T

May 16, 2025 (Gmt+09:00)

2 Min read

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COMPANIES

Machinery

Hyundai Rotem lands $301 mn Taiwan driverless train deal Hyundai Rotem Co. has won a 420 billion won ($301 million) order to build autonomous electric trains...
May 16, 2025 (Gmt+09:00)

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Bio & Pharma

South Korea’s Rznomics inks $1.3 bn out-licensing deal with Eli Lilly Rznomics Inc., a South Korean RNA therapeutics developer, has signed an agreement worth more than $1...
May 16, 2025 (Gmt+09:00)

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Automobiles

Hyundai Motor, PIF break ground on Saudi Arabia plant Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sove...
May 15, 2025 (Gmt+09:00)

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Business & Politics

Shinsegae Chair Chung joins Trump’s Middle East tour Chung Yong-jin, chairman of South Korea’s retail group Shinsegae Inc., is the only Korean busi...
May 15, 2025 (Gmt+09:00)

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Future Unicorns

KOREAN INVESTORS

Real estate

Greystar hires ex-Samsung SRA manager to launch Seoul office Greystar Real Estate Partners, the largest housing investment firm in the US, has hired Kang Junghwa...
May 16, 2025 (Gmt+09:00)

2 Min read
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Mergers & Acquisitions

Centroid to divest control of TaylorMade as exit strategy, drops IPO plan Centroid Investment Partners, a South Korean private equity firm, has confirmed plans to divest its ...
May 15, 2025 (Gmt+09:00)

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Korean startups

S.Korea's science ministry picks 10 AI, digital startups to back global growth South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startu...
May 15, 2025 (Gmt+09:00)

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Private equity

Korean teachers' fund to commit $495 mn to 10 PE firms The Korean Teachers’ Credit Union (KTCU), a retirement fund operator for South Korean teachers...
May 13, 2025 (Gmt+09:00)

2 Min read
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Real estate

Half of Seoul offices now over 30 years old amid limited new supply About half of the office buildings in Seoul’s major business districts are over 30 years old, ...
May 13, 2025 (Gmt+09:00)

4 Min read
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M＆A

Mergers & Acquisitions

LS moves closer to Hanjin KAL’s white knight role vs Hoban Hanjin KAL Corp., the largest shareholder of Korean Air Lines Co., is strengthening its alliance wit...
50 MINUTES AGO

2 Min read
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Food & Beverage

Hanwha acquires Ourhome for $622 million in push to revive food catering business South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food ser...
May 15, 2025 (Gmt+09:00)

2 Min read
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Corporate strategy

SK Group seeks to sell SK Signet as part of sweeping portfolio realignment South Korea’s second-largest conglomerate SK Group is seeking to divest SK Signet Inc., four y...
May 14, 2025 (Gmt+09:00)

3 Min read
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Mergers & Acquisitions

Samsung bets on data center HVAC with $1.7 bn FläktGroup acquisition Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufact...
May 14, 2025 (Gmt+09:00)

4 Min read
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ECM/DCM

Capital raising

Korean firms rush to issue bonds before presidential election South Korean companies are flocking to the corporate bond market ahead of the country’s presid...
May 14, 2025 (Gmt+09:00)

2 Min read
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Debt financing

Korea Securities Finance eyes its 1st foreign bond sale in 2026 Korea Securities Finance Corp. (KSF) is preparing to issue its first foreign currency-denominated bo...
May 09, 2025 (Gmt+09:00)

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Debt financing

Kookmin Bank raises $700 mn in forex bonds amid strong demand Kookmin Bank, a unit of KB Financial Group, raised $700 million in foreign exchange bonds on Tuesday...
Apr 30, 2025 (Gmt+09:00)

1 Min read
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Real estate

Colliers to lead $689 million sale of IGIS Asset-owned Signature Tower Colliers Korea, a unit of global real estate asset management group Colliers, has been chosen as the...
Apr 11, 2025 (Gmt+09:00)

1 Min read
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MARKETS

Stocks

Hong Kong to list world’s 1st Samsung single-stock leveraged ETF

A pair of leveraged exchange-traded funds tracking only Samsung Electronics Co. will make a debut on the stock exchange in Hong Kong next week, which will be the world’s first ETF holding a single Korean stock as its underlying asset. According to investment banking industry sources, CSOP Asset Management Ltd. will list CSOP Samsung Electroni
May 14, 2025 (Gmt+09:00)

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Rights offerings

POSCO Future M to raise $771 million to bolster battery materials business

POSCO Future M Co., South Korea’s leading battery materials maker, is set to raise 1.1 trillion won ($771 million) through a rights offering as it doubles down on its bet to expand manufacturing capacity in North America amid a prolonged downturn in global electric vehicle demand.The affiliate of Korea’s top steelmaker POSCO Holdings In
May 13, 2025 (Gmt+09:00)

3 Min read
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Shipping & Shipbuilding

Hanwha Ocean shares sink after KDB's sale of 4.2% stake

Investors rushed to dump Hanwha Ocean Co. shares early Tuesday after its second-largest shareholder, Korea Development Bank, cashed in on a 4.2% stake in South Korea’s No. 3 shipbuilder in a pre-market block trade for more than 1 trillion won ($695.8 million). Hanwha Ocean shares ended down 12.1% at 78,500 won on Tuesday, wiping out all of la
Apr 29, 2025 (Gmt+09:00)

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Energy

South Korea nears Czech nuclear deal; Doosan, related stocks fly high

South Korea’s nuclear energy stocks surged this week as momentum builds around a landmark nuclear power project in the Czech Republic, with investors anticipating a formal contract signing as early as next month.On Friday, Doosan Enerbility Co. closed up 3.7% at 27,900 won, capping a 38.5% rally since April 10.Other nuclear-related stocks hav
Apr 25, 2025 (Gmt+09:00)

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