regulations on money transfers

Bio & Pharma ABL Bio lands $2.8 billion license-out deal with GSK

ABL Bio Inc., a South Korean biotech company, will license out its proprietary blood-brain barrier shuttle platform, called the Grabody-B, to UK-bas...

Shareholder activism STIC Investments draws activist interest, including Align Partners

STIC Investments Inc., South Korea’s only listed private equity firm, has become the latest target of shareholder activism as Seoul-based Alig...

Machinery Hyundai Rotem inks $1.5 bn Morocco train supply deal

South Korea’s Hyundai Rotem Co. said on Wednesday it has won a 2.2 trillion won ($1.5 billion) train order from Morocco, the biggest single de...

Cryptocurrencies Dunamu slapped with 3-month business suspension order

Dunamu Inc., the operator of South Korea’s largest cryptocurrency exchange Upbit, has been hit with a three-month partial business suspension ...

Shareholder value S.Korea’s top financial regulator pushes tax support for value-up program

South Korea is ramping up efforts to encourage companies to enhance shareholder value by providing tax support for its corporate value-up program, a...

Cryptocurrencies Korean investors abandon savings, stocks for cryptocurrencies

Money is rapidly shifting to cryptocurrency markets in South Korea as lower interest rates and lackluster stock prices reduce the investment appeal ...

Mergers & Acquisitions Regulator denies reporting MBK to prosecutors over Korea Zinc

A senior Financial Supervisory Service (FSS) official on Thursday denied a report that the regulatory body has referred MBK Partners and Young Poong...

Regulations Korea seeks to ease fintech ownership, crypto regulations

South Korea’s top financial regulator has proposed loosening restrictions on financial holding companies’ ownership of fintech platforms...

Corporate bonds Korea Inc. to face refunding risks with record corporate bond maturities

South Korean companies are expected to face refunding risks thanks to record corporate bond maturities in the first half of 2025, as fundraising con...

Foreign exchange South Korea to ease foreign exchange regulations, expand FX swap line

South Korea’s foreign authorities said on Friday they will ease foreign exchange regulations to allow more dollars into the domestic financial...

Energy China’s Mingyang to foray into Korean wind turbine market with Unison

China’s Mingyang Smart Energy, one of the top five global wind turbine suppliers, is gearing up for its advance into South Korea’s wind ...

Asset management Mirae Asset aspires to No. 5 in Indian securities market with Sharekhan

South Korea’s leading asset manager Mirae Asset Financial Group will strive to grab the fifth-largest share of the Indian securities market th...

Chemical Industry Hyosung TNC mulls takeover of chemical affiliate’s specialty gas unit

Hyosung TNC Corp., the world’s top spandex maker, is considering taking over the specialty gas business of its chemical affiliate, news of whi...

Mergers & Acquisitions Regulator puts brakes on Korea Zinc’s $1.8 bn rights issue

South Korea’s Financial Supervisory Service (FSS) has put the brakes on Korea Zinc Inc.'s 2.5 trillion won ($1.8 billion) rights issue aimed a...

Automobiles Hyundai to launch Euro 7-compliant car in Europe next year

Hyundai Motor Co., South Korea’s top automaker, is set to introduce a tougher emissions standards-compliant model in Europe next year ahead of...

Regulations Big Tech get slap on wrist for tax avoidance in Korea

Global Big Tech companies such as Google, Meta and Netflix have paid a pittance in South Korea taxes and were fined as little as one-ten-thousandth ...

Mergers & Acquisitions MBK not to raise Korea Zinc tender offer price after regulator warning

MBK Partners will not raise its tender offer prices again for Korea Zinc Inc. and its affiliate Young Poong Precision Corp. after hiking them twice ...

Banking & Finance Korea’s Hana Financial Group targets foreign customers

Hana Financial Group, South Korea’s third-largest financial holding company, is targeting foreign individual customers in the country with a d...

Bio & Pharma Lotte to restructure bio business to focus on CDMO

South Korea’s retail-to-chemical conglomerate Lotte Group will restructure its bio business to focus on the profit-making medicine bio develop...

Economy Korea’s credit loans balloon as regulators cap mortgages

Credit loans are ballooning in South Korea as regulators tightened their grips on record-high mortgages to rein in the growth in household lend...

Aerospace & Defense Hanwha signs MOU with WB Group for $2 bn Polish submarine project bid

Hanwha Ocean Co. said on Wednesday it has signed an initial agreement on business cooperation with Polish defense firm WB Group to raise its chances...

Food & Beverage Orion seeks M&As, facility expansion with dividends from China, Vietnam

Orion Holdings Corp., a leading South Korean confectionery and snack maker, has been active in overseas markets for decades, particularly in China a...

Private equity Korea’s Tmax Group buys back software developer for $612 mn

South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...

The KED View What's wrong with making money from startup exits?

In South Korea, those who struck it rich from property investments are the subject of envy, but startup founders who make big money from their exits...

Commodities Korea to punish copper scrap traders for illegal exports

BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...

Bio & Pharma IMBiologics transfers autoimmune disease drug tech to Huadong Pharma

South Korea's antibody-based biotech company IMBiologics announced on Friday that it signed a contract to transfer the technology of its autoimmune ...

E-commerce Alipay’s rise puts Korea on alert to private data breaches

South Korean fintech companies' customer data transfers to Alipay, a Chinese payment platform, are setting off private data breach alarm bells amid ...

Shipping & Shipbuilding Korean shipbuilding shares surge on supercycle hope, Trump Trade

South Korea’s Big Three shipbuilders, also the world’s three largest, stand to benefit from the emerging industry supercycle and the so-...

E-commerce Qoo10’s Korean units delay seller payments amid expansions

Southeast Asia-based e-commerce platform Qoo10 Pte.’s units in South Korea delayed seller payments as industry sources said the online shoppin...

Corporate restructuring Doosan Robotics, Bobcat merger prompts call for law revision

Doosan Group’s announcement of a merger between Doosan Robotics Inc. and Doosan Bobcat Inc. has met with strong criticism from investors and p...