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Aerospace & Defense
S.Korea taps ex-NASA exec John Lee as space agency R&D head

South Korea named John Lee, a former senior executive of the US National Aeronautics and Space Administration (NASA), as the head of missions such as research and development of the Asian country’s planned space agency to become one of the global space powerhouses.The South

37 MINUTES AGO

1 Min read
Automobiles
The ST1: Hyundai’s first electric work van with futuristic styling

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is launching the ST1, its first fully electric work van that can be retrofitted for various commercial purposes.The Hyundai ST1 is the Korean automaker’s first commercial EV with an initial lineup of a

2 HOURS AGO

3 Min read
North Korea
N.Korean hackers attack South’s defense contractors

North Korean hackers allegedly attacked South Korean arms manufacturers and stole technical data from them over more than a year Seoul’s police said on Tuesday, raising the alarm for the South’s national security.North Korea’s three largest hacking groups &ndash

16 HOURS AGO

4 Min read
Hyundai Mobis to build plant in Spain for Volkswagen
Electric vehicles
Hyundai Mobis to build plant in Spain for Volkswagen

NAVARRA, Spain -- Hyundai Mobis Co. said on Wednesday it has broken ground for an electric vehicle battery plant in Spain for stable supply to Volkswagen, after it secured a battery system assembly (BSA) order from the German carmaker last year, purportedly worth billions of dollars.It will become the South Korean auto parts maker's first EV battery system-dedicated plant in Western Europe and scheduled for mass production of 360,000 units annual

2 HOURS AGO

2 Min read
Market Indices
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COMPANIES

  • Korchip sets IPO price above expected range
    Upcoming IPOs
    Korchip sets IPO price above expected range

    South Korea's micro secondary battery manufacturer Korchip set its IPO price at 18,000 won ($13.15), exceeding the upper end of the expected range (11,000-14,000 won) based on book building from domestic and foreign institutional investors.A total of

    58 MINUTES AGO

    1 Min read
  • Samsung Asset eyes expansion into US ETF market
    Asset management
    Samsung Asset eyes expansion into US ETF market

    NEW YORK – South Korea’s largest asset manager Samsung Asset Management Co. is leveraging its strategic partnership with a US investment firm to increase exchange-traded fund (ETF) sales and appeal to both Korean and US investors. Samsung

    19 HOURS AGO

    2 Min read
  • Used goods platform Gugus shines in slowing luxury market
    Retail
    Used goods platform Gugus shines in slowing luxury market

    Gugus, South Korea’s largest online retailer of secondhand luxury goods, posted double-digit growth in revenue and transactions in the first quarter of this year after a robust 2023, bucking the spending slowdown trend seen in the high-end good

    20 HOURS AGO

    3 Min read
  • IBK, Mizuho Bank agree on $218-million committed line
    Banking & Finance
    IBK, Mizuho Bank agree on $218-million committed line

    South Korea’s state-run Industrial Bank of Korea (IBK) has agreed on a 300 billion won ($218 million) committed credit line with Japanese leading lender Mizuho Bank, allowing the Korean policy bank to secure a stable level of foreign currencies

    20 HOURS AGO

    1 Min read
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Hidden Champions

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  • Point Mobile

    Published: Sep 14, 2021

    Last updated: May 10, 2022

  • Buhmwoo Group

    Published: Apr 21, 2021

    Last updated: Jan 30, 2023

  • Jong Ie Nara

    Published: May 26, 2021

    Last updated: Apr 15, 2022

  • DCM

    Published: Dec 09, 2022

    Last updated: Jan 30, 2023

  • T-Robotics

    Published: Mar 25, 2021

    Last updated: Jan 30, 2023

Future Unicorns

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  • L-Base

    Published: Oct 21, 2022

    Last updated: Nov 16, 2022

  • iCore

    Published: Oct 07, 2022

    Last updated: Apr 17, 2023

  • BJ BIOCHEM

    Published: Oct 21, 2022

    Last updated: Nov 04, 2022

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    Published: Jul 20, 2022

    Last updated: Jul 21, 2022

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    Published: Jun 30, 2023

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KOREAN INVESTORS

NPS loses $1.2 bn in Korean stocks on weak battery shares in Q1
Pension funds
NPS loses $1.2 bn in Korean stocks on weak battery shares in Q1

South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock value in the first quarter of this year as shares in the battery sector tumbled amid the electric vehi

Apr 21, 2024 (Gmt+09:00)

3 Min read
Private equity
MBK eyes stake in Korean software developer Tmaxsoft

North Asia-focused private equity firm MBK Partners is eyeing shares of South Korean enterprise software developer Tmaxsoft Co. around two years after the PE house failed in its takeover bid, banking sources said on Thursday. MBK executives have rec

Apr 18, 2024 (Gmt+09:00)

2 Min read
Real estate
Keppel REIT to sell Seoul-based prime office T Tower

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)

1 Min read
Private equity
Private markets open to more high-net-worth individuals: Hamilton Lane

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)

5 Min read
Infrastructure
Infrastructure secondaries continue to rise amid inflation: Stafford

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)

4 Min read

M&A

ECM/DCM

MARKETS

  • Korean stock market
    MSCI Korea likely to add 3 stocks: Samsung Securities

    HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index when the global stock index provider conducts regular index rebalancing next month, according to Samsung Securities Co. The probability of the trio’s inclusion in the MSCI Korea Index in May is 90%,

    Apr 19, 2024 (Gmt+09:00)

    3 Min read
  • Economy
    Rising South Korean food prices: Now it’s dried seaweed's turn

    First, it was groceries. Then came fried chicken and hamburgers. Now, it’s seasoned seaweed products, chocolate and ice creams.As in other countries, food prices in South Korea keep going up -- with everyone biting their nails, hoping for moderating prices of everyday food and goods soon.Chances are slim, however, as price hikes are not just

    Apr 18, 2024 (Gmt+09:00)

    3 Min read
  • Foreign exchange
    Korean 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)

    4 Min read
Brokerage firms' bonds draw investors amid rate cut hopes
Corporate bonds
Brokerage 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)

1 Min read
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