With Donald Trump reelected as the next US president, South Korea’s major chipmakers, automakers and battery makers are on high alert as he pledged to reduce or eliminate subsidies and raise tariffs during his campaign.Analysts said that as the new Trump administration resu
South Korean home appliance giant LG Electronics Inc. is stepping up efforts to enhance its presence in the global business-to-business (B2B) market as the company faces growing headwinds from economic uncertainties.LG said on Thursday it is showcasing a new lineup of AI-powered
LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster related businesses through cooperation with Big Tech companies such as Google to become an AI transformation (AX) company amid a sat
IRVINE, Calif. -- White sneakers, gray nail polish, pink goggles and orange remote controls are not something visitors expect to see in car design studios. But such colorful accessories were displayed on the walls and scattered over the desks inside the Hyundai Design and Technical Center in Irvine, California.“These are props collected for inspiration,” said an official of the design center.It is one of Hyundai Motor’s three gl
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MBK’s Korea Zinc bid aimed at corporate governance, shareholder value
NPS commits $436 mn to Koramco, Hana Alternative for real estate debt fund
S.Korea set to scrap financial investment income tax
In Korea, cash is king on US election, Samsung uncertainties
South Korea’s Viva Republica drops Korean IPO plan, seeks US debut
COMPANIES
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Food & BeverageSamyang Foods' Buldak Ramen gets K-food Safety certificationSouth Korea's Samyang Foods Co. said on Thursday its Buldak Ramen (hot chicken flavor ramyun) received the domestic production certification K-food Safety (KFS).The KFS certification, granted by the Korea Agency of HACCP Accreditation and Services un
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AutomobilesKia holds exhibition reflecting on 80-year-historyKia Corp., South Korea’s second-largest automaker, said on Thursday it opened a heritage exhibition "From Moments to Movement," showcasing its 80-year history.The exhibition will run until November next year at Kia360, the brand's experience sp
4 HOURS AGO
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EnergyKEPCO, LS Electric to co-work on predictive diagnostics solutionsKorea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Thursday it signed a memorandum of understanding (MOU) with LS Electric Co. to establish a collaborative model for predictive diagnostics of power facilities. The
4 HOURS AGO
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Artificial intelligenceGS Group, Notion to team up on AI capabilitiesSouth Korea's GS Group signed a memorandum of understanding (MOU) with Notion, the US-based popular collaboration software company to enhance its artificial intelligence (AI) capabilities and accelerate digital innovation on November 4. San Francisco
8 HOURS AGO
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KOREAN INVESTORS
The National Pension Service (NPS), South Korea’s largest institutional investor, has selected Koramco Asset Management Co. and Hana Alternative Asset Management Co. as managers of its real estate debt fund valued at 600 billion won ($436.1 mil
Nov 01, 2024 (Gmt 09:00)
In the wake of COVID-19, South Korean pension funds and insurance companies have placed a greater focus on asset managers' capabilities for post-investment management in the process of selecting general partners (GPs), said their senior alternative i
Oct 28, 2024 (Gmt 09:00)
North Asia-focused private equity firm MBK Partner Ltd.’s attempt to take control of Korea Zinc Inc. and the country’s plan to require the cancellation of treasury shares are expected to spur domestic companies to seek white knights to pr
Oct 27, 2024 (Gmt 09:00)
Korea Zinc Inc. succeeded in taking control of Young Poong Precision Corp., a key player in the management battle against North Asia-focused private equity firm MBK Partners Ltd., through a tender offer.Jerico Partners Co. founded by Korea Zinc Chair
Oct 22, 2024 (Gmt 09:00)
South Korean pension funds and insurance companies are raising their bets on real estate as they diversify their US and Europe-focused portfolios into Australia and Asia, while increasing their appetite for distressed assets. They believe the global
Oct 20, 2024 (Gmt 09:00)
M＆A
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Shareholder activismDalton Investments raises stake in cosmetics ODM KolmarNov 06, 2024 (Gmt 09:00)
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Mergers & AcquisitionsRegulator puts brakes on Korea Zinc’s $1.8 bn rights issueNov 06, 2024 (Gmt 09:00)
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Mergers & AcquisitionsMBK’s Korea Zinc bid aimed at corporate governance, shareholder valueNov 05, 2024 (Gmt 09:00)
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Rights offeringsKorea Zinc to raise $1.8 bn in rights issues amid face-off with MBKOct 30, 2024 (Gmt 09:00)
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ECM/DCM
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Corporate bondsKorean brokerages flock to debt market with securities bonds on bull runOct 22, 2024 (Gmt 09:00)
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Shareholder activismAlign Partners calls on Doosan Bobcat to boost shareholder valueOct 18, 2024 (Gmt 09:00)
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Banking & FinanceKB Kookmin Bank issues €500 mn in covered bondsOct 15, 2024 (Gmt 09:00)
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MARKETS
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Business & PoliticsS.Korea set to scrap financial investment income tax
South Korea is set to scrap a plan to impose a tax on gains from financial investments – a scheme slated to be introduced early next year – to boost the country’s sluggish stock market.Korea’s main opposition Democratic Party (DP) on Monday decided to back the government and ruling People Power Party's push to abolish the fi
Nov 04, 2024 (Gmt 09:00)
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Korean InvestorsIn 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 over the US presidential election place pressure on Wall Street assets.The balance of term deposits at Korea’s five largest banks rose 11.5 trillion won ($8.4 billion) in October from the month earl
Nov 04, 2024 (Gmt 09:00)
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EconomyKorea’s household debt sees ‘balloon effect’ as rules tightened in Seoul
South Korea’s household lending market is witnessing a balloon effect as tighter government lending rules for Seoul and its surrounding metropolitan area prompt people to flock to regional, online and secondary financial institutions.According to industry data on Sunday, the outstanding balance of household lending by Korea’s five comme
Nov 03, 2024 (Gmt 09:00)
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South Korea’s export growth slowed to a seven-month low in October despite strong shipments of semiconductors and automobiles, stoking concerns that Asia’s fourth-largest economy is losing momentum amid growing uncertainties over the US presidential election and geopolitical tensions.Exports rose 4.6% to $57.5 billion in October from a
Nov 01, 2024 (Gmt 09:00)
CULTURE ＆ TRENDS
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EntertainmentKorean choreography copyrights to be protected by Naver Z dealNov 05, 2024 (Gmt 09:00)
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PERSPECTIVES
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The KED ViewLight up visibility of Korean tech firms on global stageJul 10, 2024 (Gmt 09:00)
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