Affinity Equity Partners, which holds a 69.64% stake in South Korean food container manufacturer Lock & Lock, is slated to buy most of the remaining shares to fully control the management as the household product maker’s earnings have declined amid fierce competition wi
6 MINUTES AGO
MILAN, ITALY – South Korean tech giant Samsung Electronics Co. has for years been desperate to catch up to US Big Tech Apple Inc. in high-end smartphones and other advanced electronics gadgets.Armed with artificial intelligence technology, however, Samsung is on an equal fo
17 HOURS AGO
POSCO N.EX.T Hub, the venture platform of POSCO Holdings Inc., announced on Thursday that it signed a memorandum of understanding (MOU) with the Korea National Oil Corporation (KNOC) on April 17. The two companies aim to jointly develop technologies for extracting key minerals su
60 MINUTES AGO
SILICON VALLEY – LG Uplus Corp., the third-largest mobile carrier in South Korea seeking to transform into a platform company, will expand its investments in artificial intelligence, including acquisition of an AI company and talent, this year, said its chief. “The company will ramp up investment in AI this year by 30 to 40% from last year and double its AI talent,” LG Uplus Chief Executive Officer Hwang Hyeon-sik told reporters
2 HOURS AGO
COMPANIES
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Banking & FinanceToss Bank exceeds 10 mn customers
South Korea’s fintech platform Toss Bank saw that its subscribers surpassed 10 million. According to the company, it's been two years and six months since its launch in October 2021. While slower than KakaoBank, which reached 10 million custome
3 HOURS AGO
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ElectronicsSamsung unveils 2024 AI TV lineup in India
Samsung Electronics Co. launched its 2024 new TV lineup with enhanced AI functions at the Samsung Opera House in Bengaluru, India, on April 17.At the event, Samsung Electronics showcased the new Neo QLED 8K, equipped with a third-generation AI 8K pro
3 HOURS AGO
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BatteriesLG Chem, Korea Zinc JV to mass-produce EV battery materials
A joint venture between LG Chem Ltd. and Korea Zinc Inc. is slated to start the mass production of precursor, a key electric vehicle battery material, in the near term as its facility is in test operations, in a move to help customers conform to US r
17 HOURS AGO
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Aerospace & DefenseInnospace, LIG Nex1 to co-work for space, defense business
South Korea's space launch startup Innospace announced on Wednesday that it signed a business agreement with LIG Nex1 Co. for cooperation and commercialization in the space and defense sectors. The two companies will pursue new business creation and
20 HOURS AGO
1 Min read
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KOREAN INVESTORS
Singapore’s Keppel REIT Management Ltd. is set to divest of its Seoul-based prime office building T Tower near Seoul Station.Real estate managers Jones Lang LaSalle (JLL) and Colliers, the lead managers for the sale, said on Tuesday they will s
Apr 16, 2024 (Gmt+09:00)
The number of high-net-worth individuals allocating capital to private markets is increasing fast. These are wealthy individuals who own at least $1 million of liquid financial assets and seek steady returns on alternative investments.The global priv
Apr 16, 2024 (Gmt+09:00)
Secondaries have become one of the most sought-after assets amid market uncertainty as they provide early exit opportunities and portfolio diversification. In last year's high-rate environment, investors flooded into the infrastructure market and sec
Apr 09, 2024 (Gmt+09:00)
The US commercial real estate market is undervalued relative to other sectors amid elevated interest rates, while Big Tech stocks could take a breather after record-setting rallies, said David Rubenstein, co-founder and co-chairman of The Carlyle Gro
Apr 08, 2024 (Gmt+09:00)
Global investment bank Goldman Sachs said on Monday that it has named managing director Choi Jae-joon as the new chief of its Seoul office.Choi leads equities, fixed-income, currency and commodities services at the Seoul office while providing altern
Apr 08, 2024 (Gmt+09:00)
M&A
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Private equityAffinity to buy SK Rent-a-Car at $572 mn, more deals eyed
Apr 16, 2024 (Gmt+09:00)
3 Min read -
Food & BeverageCJ CheilJedang to sell feed, livestock unit for $1.4 bn
Apr 14, 2024 (Gmt+09:00)
3 Min read -
Mergers & AcquisitionsSamsung’s key M&A man returns; big deals in the offing
Apr 12, 2024 (Gmt+09:00)
3 Min read -
Mergers & AcquisitionsKorea's M&A market poised to bounce back after bleak Q1
Apr 11, 2024 (Gmt+09:00)
4 Min read
ECM/DCM
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Private equityAffinity eyes full control of food container maker Lock & Lock
6 MINUTES AGO
1 Min read -
ECM/DCMLG Electronics seeks to sell global bonds, 1st time in 12 yrs
Apr 08, 2024 (Gmt+09:00)
1 Min read -
Tech, Media & TelecomNPS sells shares in KT; Hyundai becomes top shareholder
Apr 03, 2024 (Gmt+09:00)
1 Min read
MARKETS
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Foreign exchangeKorean won at 17-month low on Middle East woes, Fed rate view
The South Korean won currency on Tuesday fell to its weakest level in 17 months, briefly touching the psychologically important 1,400 per dollar level, as foreign investors sold the country’s assets on the growing concerns over a wider Middle East conflict and expectations of the US Federal Reserve’s slower interest rate cut.The won los
Apr 16, 2024 (Gmt+09:00)
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Corporate bondsBrokerage firms' bonds draw investors amid rate cut hopes
South Korean brokerage firms are ramping up sales of long-term bonds to refinance their loans by repaying short-term debts in hopes of a rate cut by the US Federal Reserve.KB Securities Co. held bookbuilding on Monday to sell 200 billion won ($143 million) worth of bonds rated AA+. The bond issue breaks down into 50 billion won in bonds with an 18-
Apr 16, 2024 (Gmt+09:00)
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EconomyBurger, chicken franchises raise prices after elections
Fried chicken and hamburger franchises in South Korea have sharply bumped up their food prices following the parliamentary elections last week as the ruling party's crushing defeat raised expectations the government might loosen its grip over consumer prices.Goobne Chicken, a roasted chicken franchise company, raised the prices of its nine menu ite
Apr 16, 2024 (Gmt+09:00)
3 Min read
The number of foreign residents in South Korea is expected to rise steadily in the coming years to account for up to 10.1% of the country’s total working population by 2042, the nation's statistics agency said on Thursday.According to Statistics Korea projections, the country’s total population is forecast to decline to 49.63 million by
Apr 11, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Food & BeverageWhopper's end, Burger King’s belated April Fool’s prank?
Apr 09, 2024 (Gmt+09:00)
2 Min read -
ArtsHyundai Card, MoMA to support young talented artists, curators
Apr 09, 2024 (Gmt+09:00)
3 Min read
PERSPECTIVES
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The KED ViewLabor reform urged in Korea with higher wages than Japan
Mar 18, 2024 (Gmt+09:00)
2 Min read -
The KED ViewDefy convention with long-run plans to upvalue Korean stocks
Feb 23, 2024 (Gmt+09:00)
4 Min read