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The Bank of Korea on Oct. 16 slashed its policy rate by a quarter percentage point to 1.25 percent amid a series of economic headwinds facing the economy, including low inflation and a steady decline...
South Korean clothing maker Sae-A Trading will buy Tailim Packaging ’s controlling 60.5 percent stake for 213.8 billion won ($180.3 million) from IMM Private Equity, Tailim said on Oct. 15. Accord...
Fintech firm Viva Republica said Oct. 15 that its consortium has applied for a license to set up a new internet-only bank in South Korea. The consortium includes KEB Hana Bank and Hanwha Investme...
Top officials of Lime Asset Management vowed to normalize liquidity of the fund’s portfolio assets worth a combined 846.6 billion won ($713.2 million) in a plan that might take more than a year for s...
South Korea’s largest mobile-gaming company Netmarble was chosen as the preferred bidder for Woongjin Coway on Oct. 14. The board of Woongjin Thinkbig which owns 25.08 percent stake in the rental co...
Korea Exchange, South Korea’s stock market operator, said Oct. 11 it would defer its delisting decision for pharmaceutical firm Kolon TissueGene by 12 months. Kolon TissueGene shares have been sus...
Lotte REIT on Oct. 11 wrapped up its blockbuster initial public offering to raise a combined 429.9 billion won ($362 million) before Kospi listing, as newly issued shares were oversubscribed to retai...
NetMarble, South Korea’s leading mobile game maker, made a rare move on Oct. 10 -- bidding for rental company Woongjin Coway. The news of the unexpected bid pushed up the share price of Woongjin Cowa...
South Korean game software developer Netmarble and private investment house Bain Capital have reportedly joined the final bidding round for stake in water purifier rental firm Coway . The news c...
Seoul-based Fides Investment Management said on Oct. 10 it plans to launch a Vietnamese corporation after buying a controlling stake in Hanoi-based Thang Long Investment Management. It will become t...
Foreign direct investment pledged to South Korea in the third quarter of 2019 moved up 4.8 percent from a year earlier, data showed Oct. 10. The country received $3.61 billion worth of FDI commit...
There are growing investor concerns as South Korea’s largest hedge fund Lime Asset Management has declared to cease to have its funds redeemed over the past few weeks in order to address liquidity. ...
Leveraged buyout tactics for mergers and acquisitions of listed companies in South Korea have triggered 34 cases of unfair practices in the wrong hands over the past five years, which swindled retail...
South Korean credit card company Hyundai Card has embarked on a process to select investment banking houses to underwrite its initial public offering, the company said Oct. 8. “Hyundai Card handed o...
South Korean biotechnology company Helixmith hit the price ceiling on Oct. 7 as the company announced results demonstrating the long-term safety and efficacy of its flagship DNA plasmid gene therap...
Techstars Korea to accept applications for 1st batch through March 2020
Celltrion presents Truxima’s results of phase 3 clinical trials in US forum
LG Chem, GM deal ups ante in EV battery competition
Power market open to private firms, price hike needed for green energy expansion
Foreign investors’ bond holdings hit 6-month low
Hanwha’s investment in Overair gets all-clear signal for takeoff
Half of Hyundai Kia cars sold in US are SUVs
KT’s epidemic prevention platform launches in Kenya
December 10, 2019
