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Foreign exchange
NH Investment, Woori Bank top in FX forecasting  

Most market analysts and economists late last year when the Korean won traded at 1,288 per dollar forecast the Korean currency would regain ground against the US dollar to the 1,200 level in the second quarter this year from the low 1,300 level in the first quarter, but such prev

6 HOURS AGO

3 Min read
Automobiles
Kia logs record profit, revenue in Q1 on weak won

Kia Corp., the second-largest automaker in South Korea, has posted record quarterly profit and revenue for the first three months of this year, backed by favorable dollar-won exchange rates and increased sales of high-end models despite a slight decline in the number of cars sold

8 HOURS AGO

2 Min read
Batteries
Honda, POSCO to build EV cell material plant in Canada

Japan’s Honda Motor Co. and South Korea’s POSCO Future M Co. agreed to build a battery material plant in Canada where the automaker decided to invest $11 billion in an electric vehicle production complex to meet US requirements for clean cars federal tax benefits.Hond

15 HOURS AGO

2 Min read
Hyundai Marine IPO draws $18 bn from retail investors
IPOs
Hyundai Marine IPO draws $18 bn from retail investors

South Korea’s HD Hyundai Marine Solution Co. has attracted billions of dollars from retail investors in subscription deposits for the ship maintenance service provider’s initial public offering.Its public market debut, forecast to be the biggest local IPO in the first half year, drew investors on expectations of share’s stability amid market volatilities and a possibility of inclusion of the stock in MSCI Korea Index, market ins

6 HOURS AGO

2 Min read
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COMPANIES

  • Genesis unveils GV70 facelift ahead of Korean debut in May
    Automobiles
    Genesis unveils GV70 facelift ahead of Korean debut in May

    Hyundai Motor Co.'s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury midsize sport utility vehicle next month in the country to cement its dominance in the segment at home.The

    9 HOURS AGO

    2 Min read
  • Daedong completes S.Korea's largest rooftop solar power plant
    ESG
    Daedong completes S.Korea's largest rooftop solar power plant

    South Korea's Daedong Mobility announced on Friday that it has completed the construction of the largest rooftop solar power plant in the country at S-Factory, a smart mobility production facility located in Daegu.The installation area of the rooftop

    11 HOURS AGO

    1 Min read
  • S.Korea's Andar strengthens tech alliance with LYCRA Company
    Fiber & Textile
    S.Korea's Andar strengthens tech alliance with LYCRA Company

    The athletic-leisure brand Andar Co. announced on Friday that it will strengthen its technological alliance with the LYCRA Company, the world's largest fiber company, to enhance product quality innovation and competitiveness.According to Andar, Jason

    11 HOURS AGO

    1 Min read
  • LG Electronics hosts 'LG Showcase 2024' in UAE
    Electronics
    LG Electronics hosts 'LG Showcase 2024' in UAE

    LG Electronics Inc. announced on Friday that it hosted a new product showcase event called "LG Showcase 2024" in Abu Dhabi, United Arab Emirates, from last Wednesday for two days.LG Electronics set up a 1,000-square-meter exhibition hall and introduc

    11 HOURS AGO

    1 Min read
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Hidden Champions

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    Published: Mar 25, 2021

    Last updated: Jan 30, 2023

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    Last updated: Jan 30, 2023

  • Point Mobile

    Published: Sep 14, 2021

    Last updated: May 10, 2022

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    Last updated: Jan 30, 2023

Future Unicorns

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  • BJ BIOCHEM

    Published: Oct 21, 2022

    Last updated: Nov 04, 2022

  • iCore

    Published: Oct 07, 2022

    Last updated: Apr 17, 2023

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    Last updated: Nov 10, 2023

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KOREAN INVESTORS

Hanwha Life to buy stake in Indonesia's Nobu Bank
Banking & Finance
Hanwha Life to buy stake in Indonesia's Nobu Bank

South Korea’s second-largest insurer Hanwha Life Insurance Co., with 109 trillion won ($79.4 billion) in total assets as of end-September 2023, said on Wednesday it will buy shares in a banking unit of Indonesian conglomerate Lippo Group to exp

Apr 24, 2024 (Gmt+09:00)

1 Min read
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

M&A

ECM/DCM

MARKETS

  • Short selling
    Korea builds system to speed up naked short-selling ban

    South Korea’s top financial regulator is set to build a centralized digital system to strengthen the prevention of naked short-selling as the financial watchdog has detected an increase in the illegal practice by institutional investors over the past few years. The government measure comes after some global investment banks, such as The Hong

    Apr 25, 2024 (Gmt+09:00)

    2 Min read
  • 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
Korean won at 17-month low on Middle East woes, Fed rate view
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
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