net buyers

Mergers & Acquisitions Mubadala, Goldman Sachs to invest $700 mn in Kakao Mobility

United Arab Emirates’ sovereign wealth fund Mubadala Investment Co. and Goldman Sachs are set to invest a combined $700 million in Kakao Mobil...

Entertainment Kakao Entertainment scraps IPO, seeks new buyer

Kakao Corp., South Korea’s largest mobile platform, is looking to sell a majority stake in Kakao Entertainment Corp., dropping a plan to take ...

Real estate Deloitte Anjin to lead sale of Four Points by Sheraton Josun, Myeongdong

IGIS Asset Management Co., a leading South Korean real estate investment firm, has chosen Deloitte Anjin LLC as its lead manager to sell Four Points...

Banking & Finance Hana Asset Management to merge with Hana Alternative Asset

Hana Financial Group, the parent of Hana Bank and Hana Securities Co, will merge its two asset management arms to bolster its non-banking services, ...

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,...

Korean chipmakers Magnachip to sell display business in H1 to focus on power semiconductors

South Korean chipmaker Magnachip Semiconductor Corp. plans to sell its display business by the end of the first half as part of a strategic shift to...

Mergers & Acquisitions S.Korean grocery delivery platform Oasis at forefront to acquire TMON

South Korea’s grocery delivery platform Oasis Corp., which has been looking to expand its e-commerce market at home and abroad, is seeking to ...

Sovereign bonds Foreigners return to Korean debt market; Korea on course to join WGBI

Foreigners scooped up South Korean government bonds in January despite the country’s ongoing political upheavals, betting big on the country&r...

Earnings Shinhan Bank reclaims top spot as S.Korea’s leading lender

Shinhan Bank, a key arm of Shinhan Financial Group, reclaimed its position as South Korea’s top lender posting its largest-ever profit in 2024...

Banking & Finance KB Financial to buy back $359 bn in shares after record net profit in 2024

KB Financial Group Inc., South Korea’s largest financial holding group, will spend nearly 1.8 trillion won ($1.2 billion) to boost shareholder...

Real estate Koramco REITS chosen preferred buyer of Crescendo Building in Seoul

Koramco REITs Management & Trust Co., a leading South Korean real estate firm, has been chosen as the preferred negotiator to buy the Crescendo ...

Korean stock market Foreign investors sells $3.86 bn in S.Korean stock market

The Bank of Korea (BOK) said on Wednesday that the foreign investors' net selling in the South Korean stock market was $3.86 billion in December las...

Tech, Media & Telecom RaonSecure to supply biometrics to SBI Sumishin Net Bank

South Korean cybersecurity firm RaonSecure Co. said on Monday it signed a $2.5 million contract with SBI Sumishin Net Bank, the largest internet ban...

Korean stock market Korean pension funds buy a net $1.2 bn in Kospi stocks in November

South Korean pension funds continued their Kospi market buying spree for a fourth straight month in November, notching their largest net purchases o...

Korean Investors Mirae Asset’s TIGER Nasdaq 100 ETF crosses $2.8 bn in net assets

South Korea's Mirae Asset Global Investments said on Tuesday that that its TIGER Nasdaq 100 ETF has become the second US-focused ETF listed in South...

Korean stock market S.Korean retail investors rush to buy Indian stocks on dips

South Korea's mom-and-pop investors have upped their stake in Indian stocks, hoping that Donald Trump's return to the White House will boost the Sou...

Korean Investors In South Korea, cash is king on US election, Samsung uncertainties

South Korean investors are hoarding cash as Samsung Electronics Co., the world’s top memory chipmaker, hurts local stocks and uncertainties ov...

Korean food Korean food appliance makers witness K-food fever in Europe

VIENNA –  South Korea's small cooking appliance and beauty product makers gained certitude of their product quality and were convinced of...

Batteries LG Elec builds EV chargers safety net for fire prevention

LG Electronics Inc. equipped its slow electric vehicle (EV) chargers with dual overcharge prevention technology to alleviate customer concerns and a...

Korean stock market Foreign appetite for Korean stocks wanes with $5.5 bn in September sales

Foreign investors' appetite for South Korean stocks turned sour with sales of 7.36 trillion won ($5.5 billion) worth of shares on the Korean bourse ...

Asset management Korea Securities to expand its ultra-high net worth business

Korea Investment & Securities announced on Thursday that it has signed a memorandum of understanding (MOU) with Arceon Group to strengthen its o...

Beauty & Cosmetics Korea Shopping Festa in Vietnam records $12.9 mn in export consultations

The Korean Ministry of SMEs and Startups said on Friday that the "2024 Korea Shopping Festa with Lotte" export consultation event, held in collabo...

Automobiles Hyundai Motor’s 1st overseas plant in Turkey makes decent turnaround

Back in the late 1990s, South Korea’s top automaker Hyundai Motor Co. built its first overseas plant in Turkey, betting on the European and Mi...

Korean stock market Korea's KEDI-based ETFs boom; net assets double in 2 months

South Korean exchange-traded funds (ETFs) tracking KEDI, an index set created by The Korea Economic Daily, are booming on growing investor demand fo...

Corporate strategy SK seeks sale of specialty gas unit for around $3 bn

SK Group, the second-largest conglomerate in South Korea, is considering selling global leading specialty gas producer SK Specialty Co. for around 4...

Korean stock market Korea’s retail investors buy stocks on dips in turmoil

South Korea’s individual investors took the recent turmoil in stock markets as an opportunity to buy shares at home and abroad on dips, bettin...

Companies Kakao Games reports sharp drop in Q2 operating profit

Kakao Games Corp., a game publishing unit of South Korean tech giant Kakao Corp., reported a sharp decline in second-quarter earnings on Wednesday d...

E-commerce Korean e-commerce startup funding sharply drops since 2022

South Korean e-commerce companies have seen a sharp decline in series A funding over the past three years amid intensifying competition with Chinese...

Korean chipmakers Will Samsung benefit from Nvidia’s new AI chip delays?

Samsung Electronics Co., the world’s top memory chipmaker, is expected to benefit from Nvidia Corp.’s delays in shipping AI chips, as gl...

Banking & Finance Activist fund KCGI to buy Hanyang Securities for $180 mn

South Korean private equity firm KCGI Co. is expected to acquire local brokerage house Hanyang Securities Co. for 244.9 billion won ($179.8 million)...