HanKyung / Korea Economic Daily

The Korea Economic Daily Global Edition

The Korea Economic Daily Global Edition (KED Global) is a digital media platform where news and analysis on Korean companies, industries, and financial markets are delivered to the readers around the world in 7 different languages.

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  • US ITC says 10-year import ban on SK not excessive
    par Danbee Lee le 05/03/2021 à 10:28

    The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery products to the US is not excessive, in a public opinion report on the trade secret dispute between LG Energy Solution Ltd. and SK Innovation.Last month, the […]

  • Shinsegae to enter Korean beer market with Lets Fresh Today brand
    par In-Soo Nam le 05/03/2021 à 6:05

    South Korea’s Shinsegae Group is entering the local beer market under the Lets Fresh Today brand as the retail giant is expanding its presence in the Korean liquor industry.According to retail industry sources on Mar. 5, Shinsegae L&B Co., the wholesale distilled spirits distribution arm […]

  • SK Bioscience attracts NPS, GIC in successful bookbuilding
    par Danbee Lee le 05/03/2021 à 5:53

    South Korea-based SK Bioscience Co. has successfully concluded the bookbuilding for its initial public offering, attracting institutional investors such as the National Pension Service (NPS) and Singapore’s GIC.According to the investment banking industry on Mar. 5, over 650 institutional […]

  • LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
    par In-Soo NamDaha Park le 05/03/2021 à 2:38

    South Korea’s LG Energy Solution Ltd. is exploring building a second electric-car battery plant in the US with its joint-venture partner General Motor Co. – a move that will solidify the Korean firm’s position in the American market.The move to expand its battery output capacity […]

  • Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
    par In-Soo NamDaha Park le 05/03/2021 à 10:26

    Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group affiliate and installed in three Hyundai EV models.Both companies also said on Mar. 4 that they are revising down their operating profits for the […]

  • Avatar app Zepeto becomes playground for MZers
    par Danbee Lee le 04/03/2021 à 10:47

    The Blackpink House is a bucket list destination for fans of the K-pop girl group Blackpink. The house is decorated with images of the group, currently the second most-subscribed artist on YouTube. Fans can take photos in the house and even dance along to their favorite Blackpink tune. The house […]

  • US politicians urge review of ITC ruling over LG, SK battery dispute
    par Danbee Lee le 04/03/2021 à 10:42

    The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices against the recent US International Trade Commission (ITC) ruling, calling for a review of its impact on US President Joe Biden's green transportation […]

  • Offshore fund registration delays put asset managers in bind
    par Yeonhee Kim le 04/03/2021 à 6:28

    South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy blow to global asset managers awaiting regulatory approval to gather investment money from Korean asset owners.In turn, the protracted registration […]

  • Affirma, EastBridge in race for T Map Mobility’s $267 mn fundraising
    par In-Soo Nam le 04/03/2021 à 6:01

    Global buyout fund Affirma Capital and South Korean private equity firm EastBridge Partners will compete in a race for the 300 billion won ($267 million) fundraising by SK Telecom Co. for its mobility spin-off T Map Mobility Co.According to the investment banking industry on Mar. 4, the two PEFs […]

  • SK Hynix to unveil industry’s smallest pixel image sensor, eyes $24.9 bn market
    par In-Soo Nam le 04/03/2021 à 5:07

    Leading global chipmaker SK Hynix Inc. plans to unveil the industry’s smallest 0.7-micrometer pixel image sensor this year to enhance its presence in the high-resolution sensor market, which is set to grow to $24.9 billion by 2024.According to the semiconductor industry on Mar. 4, SK Hynix is […]

  • Korea’s military fund looking for new financial division chief
    par Yeonhee Kim le 04/03/2021 à 3:55

    South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended four-year term is expiring this month.MMAA posted the job on its website on Mar. 4. The incoming financial division CIO will take office on May 1 for […]

  • Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
    par Daniel Cho le 04/03/2021 à 3:18

    The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the country’s tax system to allow in-kind tax payments from artwork – in a move to prevent the rare items from being sold overseas and instead […]

  • Affinity Equity set to acquire Korea’s top recruitment portal JobKorea
    par In-Soo Nam le 04/03/2021 à 1:45

    Affinity Equity Partners, a global private equity firm, is set to acquire the entire stake of South Korea’s top recruitment portal JobKorea – a deal estimated at about 800 billion won ($709 million).According to the investment banking industry on Mar. 4, Affinity Equity has been named […]

  • POSCO's lithium reserves in Argentina soar to $31 bn
    par Yeonhee KimDaha Park le 04/03/2021 à 12:00

    The value of lithium reserves at a salt lake in Argentina, which South Korean steelmaker POSCO acquired for $280 million in 2018, is estimated to have more than doubled to 35 trillion won ($31 billion) at the current market price, in addition to its far larger-than-expected amount of reserves.Late […]

  • Crypto exchange sale stalls amid Bitcoin boom
    par Danbee Lee le 03/03/2021 à 9:01

    The sale process of Bithumb, South Korea's largest cryptocurrency exchange, is taking longer than expected due to a spike in its price tag as investors flock to the exchange, lifting bitcoin and other cryptos to all-time highs, according to the investment banking industry on Mar. 3.Until the end of […]

  • Hyundai Glovis, Changjiu team up to boost China-Europe rail transport
    par Danbee LeeDaha Park le 03/03/2021 à 7:21

    South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport operations between China and Europe, according to the company on Mar. 3. The Korean company will sell a 30% stake in its Poland-based subsidiary Adampol, […]

  • SK Group eyes IPO of headquarter-backed REIT in 2021
    par Yeonhee Kim le 03/03/2021 à 6:35

    South Korea’s SK Group has begun the process to list a real estate investment trust (REIT) backed by its head office building and some 100 petroleum stations owned by its energy unit, which is expected to raise between 400 billion and 500 billion won ($360 million-$450 million).The planned […]

  • Hyundai Heavy, Aramco form global hydrogen partnership
    par Daniel Cho le 03/03/2021 à 6:23

    South Korea’s Hyundai Heavy Industries Holdings Co. and Saudi Aramco have agreed to launch a hydrogen partnership in a step toward building a greener business model. The holding company of the world’s largest shipbuilder announced on Mar. 3 that the two companies signed an MOU to […]

  • Samsung launches QLED TVs, aims to retain global leadership for 16th year
    par In-Soo Nam le 03/03/2021 à 6:08

    Samsung Electronics Co., the world’s largest TV maker, has launched new flashy flagship TV models, with which the tech giant aims to retain its global TV leadership for the 16th straight year.The South Korean electronics company on Mar. 3 unveiled its 2021 TV lineup, including new Mini LED […]

  • KIC names new private equity, absolute return heads
    par Yeonhee Kim le 03/03/2021 à 3:32

    The Korea Investment Corporation (KIC) has named new heads of its private equity and absolute return groups this week, following the replacement of its real estate group head in January.The three posts had been held concurrently by the sovereign wealth fund's senior alternative investment managers […]

  • Seed investors shy from investing in early stage startups amid pandemic
    par In-Soo Nam le 03/03/2021 à 3:09

    Early stage startups are almost always risky ventures, promising but unprofitable, and far from market-ready – often making it challenging to raise much-needed funds.Seed funding, or initial fundraising, is crucial for these startups to scale and grow, but with the ongoing COVID-19 pandemic, […]

  • China logistics firms yield decent returns for Korean investors
    par Yeonhee KimDaha Park le 03/03/2021 à 11:59

    MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese logistics companies, as the neighboring country is increasingly embracing e-commerce that boosts freight demand. MBK has secured a 37% internal rate of […]

  • Coupang set to raise $3.6 bn via US listing; eyes throne as platform giant
    par Danbee Lee le 02/03/2021 à 9:13

    South Korea's e-commerce giant Coupang Corp. is looking to raise up to $3.6 billion via its initial public offering on the New York Stock Exchange -- the fourth-largest listing to date among Asian companies, following PetroChina, China Mobile and Alibaba. The company is set to distribute 120 […]

  • Upward IPO price band revisions at all-time high this year
    par Danbee Lee le 02/03/2021 à 7:17

    This year, South Korean companies preparing for trading debuts have set their offering prices on average about 27% higher than the proposed price bands, marking the highest revisions to date.The rising discrepancy between the initial price range and the actual offering price appears to be lowering […]

  • NPS beefs up investments in growth PEFs in 2020
    par Yeonhee Kim le 02/03/2021 à 6:36

    The National Pension Service boosted investments in private equity deals involving high-growth internet and software companies last year, while diversifying into medium-risk, medium-return assets such as private debt, according to its public disclosure on Tuesday.In the real estate and […]

  • Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation
    par In-Soo NamDaha Park le 02/03/2021 à 6:31

    South Korea’s auto giant Hyundai Motor Group and energy conglomerate SK Group have agreed to tie up in hydrogen-related projects as part of an industrywide 43 trillion won ($38 billion) investment in the hydrogen economy.Hyundai Motor Co., the country’s top automaker, said on Mar. 2 […]

  • Graphene Square aims global with mass production of 'wonder material'
    par 유창재 le 02/03/2021 à 6:29

    Graphene is often called a “wonder material” because of the extraordinary properties that come from its nano-scale structure. It is an excellent heat and electricity conductor, is elastic and was referred to by the American Chemical Society as the thinnest and strongest material […]

  • Hyundai Heavy hires Korea Investment, 4 others as IPO managers
    par In-Soo Nam le 02/03/2021 à 3:47

    South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment & Securities Co. and four other brokerages to manage its initial public offering.According to the investment banking industry on Mar. 2, Hyundai […]

  • Hyundai Motor to ramp up fuel cell car production
    par Danbee LeeDaha Park le 02/03/2021 à 3:15

    South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice the volume from last year, due to the growing interest placed on hydrogen fuel cell cars at home and abroad.Hyundai Motor recently chose to increase […]

  • NPS may shed extra $21 bn in Korean stocks to cut exposure
    par Yeonhee Kim le 02/03/2021 à 3:13

    The National Pension Service remains overexposed to South Korean stocks even after its 42-day consecutive net selling, and the world's third-largest pension fund may need to dispose of an additional 24 trillion won ($21 billion) worth of stocks at home for the rest of this year, according to […]

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