Hanwha financial units

Asset management Korea Investment & Securities deepens global ties with 2nd IR in New York

Korea Investment & Securities Co. (KIS), the brokerage unit of Korea Investment Holdings Co., said on Wednesday it hosted its flagship investor ...

Asset management Korea Investment & Securities to sell Goldman Sachs funds

Korea Investment & Securities Co. said on Tuesday it is set to sell funds operated by Goldman Sachs Asset Management LP in South Korea, offering...

Woori Financial wins approval for Tongyang, ABL Life acquisition

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has received conditional approval from the country&rsquo...

Mergers & Acquisitions CJ CheilJedang scraps sale of Brazilian unit CJ Selecta to Bunge

CJ CheilJedang Corp., South Korea’s largest food company, has cancelled the sale of a 66% stake in Brazilian soybean crusher CJ Selecta S.A. a...

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% sta...

Earnings Shinhan Financial’s overseas business blooms, on track for record earnings

Shinhan Financial Group Co., South Korea’s leading financial holding company, is poised to surpass 1 trillion won ($692 million) in annual net...

Shipping & Shipbuilding HD KSOE secures $1.8 bn in container ship orders

HD Korea Shipbuilding & Offshore Engineering Co. (KSOE) secured orders for 22 container ships worth a total of 2.54 trillion won ($1.8 billion) ...

Business & Politics Seoul mulls joint review of Alaska LNG project with Japan, Taiwan, Vietnam

South Korea has proposed forming a consortium with Japan, Taiwan and Vietnam to jointly assess the feasibility of investing in the $45 billion Alask...

Earnings S.Korea’s top 4 financial holding firms cheer upbeat Q1 results

South Korea’s top four financial holding companies – Shinhan, KB, Hana and Woori – reported stellar earnings for the first quarter...

Mergers & Acquisitions Kyobo Life poised to buy Japan’s SBI Group-owned savings bank

Kyobo Life Insurance Co. is in the final stages of negotiation with Japanese financial group SBI Holdings Inc. to buy about a 50% stake in SBI Savin...

Earnings KB Financial logs 61% profit growth, rebounding from ELS fiasco

KB Financial Group Inc. on Thursday reported a 61% jump in first-quarter profit, led by a nearly threefold rise in earnings at its flagship unit Koo...

IPOs LG Electronics eyes India IPO delay, says plan in flux

LG Electronics Inc. is mulling putting off an initial public offering of its wholly owned subsidiary in India amid growing volatility in the global ...

Batteries Samsung SDI, Hanwha Ocean to usher in battery-driven submarine era

Hanwha Ocean Co. and Samsung SDI Co. will start evaluating their jointly developed lithium-ion battery system for a submarine with South Korea&rsquo...

Carbon neutrality SK Innovation E&S, JB Financial team up for renewable energy loans

JB Financial Group Co., the parent company of Jeonbuk Bank and Gwangju Bank, will join hands with SK Innovation E&S Co. and InnerGen Co. to roll...

Shipping & Shipbuilding With domestic dockyards fully booked, Korean shipbuilders turn overseas

As order books swell amid green shipping mandates, LNG demand and military naval modernization, South Korean shipbuilders are extending their global...

Automobiles South Korea announces emergency support for auto sector against US tariffs

South Korea’s government has announced emergency-support measures for the country’s auto sector, as it rushed to ease the impact of U.S....

Mergers & Acquisitions SK Group in talks with Hahn & Co. to sell SK Siltron

SK Inc., the holding company of SK Group, is in talks with Hahn & Co., a South Korean buyout firm, to sell SK Siltron Co., the country’s s...

Aerospace & Defense Hanwha Aerospace slashes planned rights offering size to $1.6 billion

Hanwha Aerospace Co., a leading South Korean defense company, said on Tuesday it plans to slash the size of its proposed rights offering to 2.3 tril...

Entertainment Kakao Entertainment sheds loss-making units, revives IPO prospects

Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...

Alternative investments Korean financial firms face growing risks in overseas property investments

South Korea’s financial institutions are increasingly at risk of their overseas real estate investments turning sour, government data showed o...

Aerospace & Defense Hanwha Aerospace signs $254 million deal to supply K9 howitzers to India

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it has signed a 370 billion won ($254 million) deal to supply K9 self...

Aerospace & Defense Hanwha Aerospace, General Atomics to build unmanned aerial vehicles

Hanwha Aerospace Co., a leading South Korean defense company, has joined forces with US-based General Atomics Aeronautical Systems Inc. (GA-ASI) to ...

Mergers & Acquisitions Hahn & Co. acquires SK Specialty for $1.8 billion

Hahn & Co., South Korea’s largest private equity firm, has finalized the acquisition of SK Specialty Co., the world’s leading produc...

Leadership & Management Hanwha gears up for 3rd-generation leadership with chairman’s stake gift

South Korea’s chemical-to-defense conglomerate Hanwha Group Chairman Kim Seung-youn will hand over half of his holdings in the conglomerate&rs...

Aerospace & Defense Hanwha Aerospace plans record $2.5 bn rights offering for plant expansion

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it is raising 3.6 trillion won ($2.5 billion) in new capital through ...

Banking & Finance Hana Financial CEO set for reappointment with foreign investor backing

More than half of the foreign shareholders in Hana Financial Group have thrown their support behind Chief Executive Ham Young-joo for a second term,...

Corporate strategy LG Group units step up joint marketing for in-vehicle electronics

Chief executives of LG Group’s key units, including LG Electronics Inc., will visit the headquarters of global carmakers for a series of close...

Shipping & Shipbuilding S.Korea’s Hanwha acquires 9.9% in Australia’s Austal

South Korean chemicals-to-defense conglomerate Hanwha Group has taken a 9.9% stake in Austal Ltd., an Australian shipbuilder, for 183.3 million Aust...

Shipping & Shipbuilding Hanwha wins $1.6 billion order to build 6 container ships for Evergreen

Hanwha Ocean Co., a leading South Korean shipbuilder, said on Monday it has won a 2.33 trillion won ($1.61 billion) order to build six eco-friendly,...

Real estate BNK's planned acquisition of Hyundai Motor Securities building falters

BNK Asset Management Co.'s bid to acquire the Hyundai Motor Securities building in central Seoul has hit a stumbling block as the main tenant, Hyund...