South Korea, the world’s fourth-largest oil importer, is considering increasing US oil imports to ease potential pressure from President-elect Donald Trump’s trade protectionism as he seeks to export more fuels.South Korea surveyed the current status of oil purchases
LG Electronics Inc., a leading South Korean home appliance maker, has emerged as one of the world’s top five players in the heating, ventilation and air conditioning (HVAC) market, driven by its focus on large-size chillers.According to industry sources on Wednesday, LG ran
South Korean energy and shipbuilding companies are gearing up for a swift advance into the US liquefied natural gas (LNG) market expected to take a new leap under a second Donald Trump administration vowing to lift regulations in the country’s LNG industry. According to sou
Samsung Biologics Co., the world’s largest contract drugmaker, said on Wednesday it has signed two drug manufacturing contracts worth a combined $668 million with an unidentified European biopharmaceutical firm.The contracts, set to last until the end of 2031, are valued at 752.4 billion won ($539 million) and 178 billion won, respectively, Samsung said in a regulatory filing.The biotechnology unit of Korea’s top conglomerate Samsung
COMPANIES
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Food & BeverageBinggrae sells plant-based Melona at Costco in AustraliaSouth Korean food and beverage company Binggrae said on Wednesday that it sells its plant-based Melona at Costco stores in Australia from November.Plant-based Melona is an export-exclusive product that replaces the dairy ingredients in the original M
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EnergyLS Cable, Denmark's CIP sign LOI for floating offshore windSouth Korea's LS Cable & System Ltd. said on Wednesday that it signed a letter of intent (LOI) for offshore wind cooperation with Copenhagen Infrastructure Partners (CIP), a Danish green energy investment and development firm.The Haewoori Offshor
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Shipping & ShipbuildingSamsung Heavy gets AIP for wing sails of LNGCSouth Korea's Samsung Heavy Industries said on Wednesday that it received Approval in Principle (AIP) for a liquefied natural gas (LNG) carrier equipped with its eco-friendly auxiliary propulsion system, the wing sail.The wing sail is a ship structur
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AutomobilesHyundai Motor, Kia win US ALG Residual Value AwardsHyundai Motor Co. and Kia Corp. said on Wednesday that Hyundai's electric compact sport utility vehicle (SUV) Kona EV and Kia's mid-size SUV Telluride were named winners of 2025 US ALG Residual Value Awards by J.D. Power. J.D. Power 2025 U.S. ALG Res
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KOREAN INVESTORS
South Korea's Hanwha Life Insurance said on Wednesday it signed a stock purchase agreement (SPA) to acquire a 75% stake in Velocity Clearing LLC, a US-based securities firm.This is the first time that the South Korean insurer bought US securities.Fou
5 HOURS AGO
Apollo Global Management Inc., a US private equity powerhouse, said on Monday it has opened an office in Seoul to expand its business in the Asia Pacific and named Lee Jay Hyun, a former senior executive vice president at Samsung Securities Co., as h
Nov 19, 2024 (Gmt+09:00)
MBK Partners, a North Asia-focused private equity firm, has completed the second closing of its sixth buyout fund at $5 billion, on course to reach its target of $7 billion at the final close.On Monday, MBK announced the fund’s second closing.
Nov 19, 2024 (Gmt+09:00)
Korea Zinc Inc. Chair Choi Yun-birm said on Sunday he has a strategy for defending management control of the world’s top zinc and lead smelter from a takeover bid by MBK Partners Ltd., which is closer to winning the battle.“The game is no
Nov 18, 2024 (Gmt+09:00)
NH Nonghyup REITs Management Co. has completed the purchase of Donuimun D Tower, a prime office building in central Seoul, for 895.3 billion won ($640 million), notching the second-largest commercial property transaction in South Korea this year.The
Nov 15, 2024 (Gmt+09:00)
M＆A
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Mergers & AcquisitionsGlenwood buys three waste management firms for about $190 mnNov 19, 2024 (Gmt+09:00)
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Mergers & AcquisitionsCJ CheilJedang puts bio business on market for $4 bnNov 18, 2024 (Gmt+09:00)
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Corporate restructuringShinsegae affiliate SSG.COM secures Olympus as new financial investorNov 14, 2024 (Gmt+09:00)
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ECM/DCM
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IPOsLS Group’s US magnet wire unit to go public with $1.4 bn valueNov 19, 2024 (Gmt+09:00)
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Corporate bondsKorea Inc. rushes to booming local corporate bond marketNov 18, 2024 (Gmt+09:00)
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Capital raisingS.Korean firms’ rights issues poised for 12-year lowNov 17, 2024 (Gmt+09:00)
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Corporate restructuringKorean steel giant POSCO to sell Chinese JV PZSS amid US-China trade warNov 08, 2024 (Gmt+09:00)
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MARKETS
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Foreign exchangeSouth Korea returns to US FX monitoring watchlist
The United States has reinstated South Korea on its foreign-exchange monitoring watchlist, a year after it removed Asia’s No. 4 economy from the list. Korea was put back on the list because the country met two of the three criteria set by the US Trade Facilitation and Trade Enforcement Act of 2015, according to the US Treasury Department's se
Nov 15, 2024 (Gmt+09:00)
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CryptocurrenciesKorea’s crypto exchanges ride bitcoin rally on Trump optimism
South Korea’s crypto exchanges are enjoying a global boom in virtual currencies, including bitcoin, as US President-elect Donald Trump is expected to follow through on his campaign promises to support digital assets.The daily trading value of virtual assets on South Korea’s crypto exchanges is topping that of domestic stocks, helping op
Nov 14, 2024 (Gmt+09:00)
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FintechNinjaTrader to revitalize Koreans’ domestic, overseas derivatives investments
NinjaTrader Group LLC., a leading US futures broker, is set to accelerate South Koreans’ investments in overseas derivatives while seeking to attract foreign investors to revive the ailing derivatives market in Asia’s fourth-largest economy.NT Korea Co., NinjaTrader’s first subsidiary in Asia, is working on preliminary processes t
Nov 13, 2024 (Gmt+09:00)
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The Korea Development Institute (KDI), South Korea’s state-run think tank, has slashed its forecasts for the country’s economic growth for this year and 2025, citing growing uncertainty surrounding the new Trump administration’s trade policy.In its second-half 2024 economic outlook report on Tuesday, the KDI said it is lowering it
Nov 12, 2024 (Gmt+09:00)
CULTURE ＆ TRENDS
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K-popRose’s music video ‘APT.’ surpasses 300 mn views on YouTubeNov 12, 2024 (Gmt+09:00)
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Korean foodKorea’s Nongshim to mesmerize New Yorkers with Han River Shin RamyunNov 08, 2024 (Gmt+09:00)
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PERSPECTIVES
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The KED ViewLight up visibility of Korean tech firms on global stageJul 10, 2024 (Gmt+09:00)
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