South Korea will strengthen regulations on the conversion prices of convertible bonds (CBs) to protect stakeholders from excessive share dilution, the Financial Services Commission (FSC) said on Monday.The revised rules are focused on CBs’ refix clause, which allows the bon
7 HOURS AGO
SK Hynix Inc.'s market value went through the roof to top 150 trillion won ($110 billion) on Monday, becoming the second stock to break the milestone in South Korea after Samsung Electronics Co. thanks to investors' insatiable appetite for the country's second-largest memory chip
8 HOURS AGO
STOCKHOLM – Samsung Bioepis Co.'s biosimilar to Solaris for the treatment of patients with rare, life-threatening disease paroxysmal nocturnal hemoglobinuria (PNH) is gearing up to overtake the original eculizumab drug after its successful launch.The biopharmaceutical devel
12 HOURS AGO
Hanwha Galleria Corp., a South Korean department store operator, signed a memorandum of understanding early this month to buy a domestic non-alcoholic beverage company Pure Plus Co. for about 20 billion won ($15 million), according to people familiar with the matter on Monday.The acquisition is expected to diversify the retail company into the food and beverage market, in which it is looking into other M&As, said the sources.The unit of chemi
12 HOURS AGO
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COMPANIES
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Banking & FinanceSamsung Securities faces trading system server errors
Samsung Securities Co., the brokerage unit of South Korea’s top conglomerate Samsung Group, suffered system errors on its servers on Monday morning, disrupting some services on its trading platforms.Samsung Securities said temporary problems at
12 HOURS AGO
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Tech, Media & TelecomFacephi to supply ID verification solutions to Samsung Securities
South Korea's Hancom Inc. announced on Monday that Facephi, a Spain-based AI biometric recognition company in which Hancom had recently acquired equity shares, has signed a contract to supply identity verification solutions to Samsung Securities.Hanc
12 HOURS AGO
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Travel & LeisureInterContinental Seoul COEX to close in July
Parnas Hotel announced on Monday that the InterContinental Seoul COEX, which opened in 1999, will close its operations on July 1 and is scheduled to reopen in September next year as Marriott International's Westin Seoul Parnas.The Westin Seoul Parnas
12 HOURS AGO
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Advertising & MarketingHSAD unveils LG Uplus ad created by 100% AI
South Korea's HS Ad Inc., an advertising agency affiliated with LG Group, announced on Monday that it launched LG Uplus Corp. 's brand advertising campaign, created entirely using artificial intelligence (AI), for the first time in South Korea.This a
12 HOURS AGO
1 Min read
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KOREAN INVESTORS
Australia is primed to stand at the forefront of the global energy transition, boasting abundant solar and wind capacity, alongside substantial reserves of critical minerals essential for achieving net zero carbon emissions. While this landscape is r
May 24, 2024 (Gmt+09:00)
Risk management and investment firms' operational capabilities have become more important than ever amid economic uncertainties, said speakers at the general partner (GP) session on private debt and equity at ASK 2024 on May 21.Asset managers should
May 23, 2024 (Gmt+09:00)
The scope of real assets is expanding with new businesses such as infrastructure operating services and supply chain management, creating niche opportunities with flexible strategies, executives from South Korean institutional investors said at ASK 2
May 23, 2024 (Gmt+09:00)
South Korean institutional investors favor private credit as interest rates are expected to remain higher for longer, said speakers at the chief investment officer (CIO) panel session during ASK 2024 on Tuesday.Korean insurers are particularly focuse
May 22, 2024 (Gmt+09:00)
South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 billion), is keeping a close eye on data centers, senior housing and student accommodations in Europe, Chi
May 22, 2024 (Gmt+09:00)
M&A
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Mergers & AcquisitionsLunit buys breast cancer detection AI firm Volpara Health
May 22, 2024 (Gmt+09:00)
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Mergers & AcquisitionsKorean landfill companies put on market after Affirma deal
May 17, 2024 (Gmt+09:00)
2 Min read -
Private equityAffinity starts 2nd bid for food container maker Lock&Lock
May 16, 2024 (Gmt+09:00)
1 Min read
ECM/DCM
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Rights offeringsKolon to invest extra $9 million in ride-hailing Papa Mobility
May 24, 2024 (Gmt+09:00)
2 Min read -
Corporate bondsQcells’ home solar financing unit raises $253 mn with ABS
May 22, 2024 (Gmt+09:00)
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EntertainmentNetmarble sells stake in BTS label HYBE stake for $161 mn
May 10, 2024 (Gmt+09:00)
1 Min read -
Future mobilityHyundai to spend $923 mn on self-driving JV Motional
May 03, 2024 (Gmt+09:00)
2 Min read
MARKETS
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Central bankBOK sees more uncertainty in rate cut timing, ups growth forecast
The Bank of Korea said on Thursday it has grown more uncertain about when to cut interest rates despite expectations of easing the monetary policy given the growing upside risks to inflation and as the central bank raised its growth forecast for Asia’s fourth-largest economy.“We need more time to be confident that inflation will converg
May 23, 2024 (Gmt+09:00)
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Korean stock marketKorea Inc. nearly triples dividend payments in decade
Cash dividend payments by companies listed on the Korea Exchange, the country's main bourse, have nearly tripled in a decade. They have returned a larger portion of profits to shareholders under a new generation of executives and the state-led initiative to boost their value through shareholder-friendly steps.Their dividend payouts against net prof
May 21, 2024 (Gmt+09:00)
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Korean stock marketBlock deals of shares surge ahead of tighter regulation
Block trades of South Korean listed shares have surged by six times so far this year from the same period in 2023, according to the Financial Supervisory Service (FSS) on Sunday. Shareholders rushed to sell their stocks as regulations on block deal disclosures will be tighter in July, which could slash stock prices by the time of selling. A total o
May 20, 2024 (Gmt+09:00)
3 Min read
NEW YORK -- South Korea may partially lift a ban on short selling in the domestic stock market from as early as June, before removing the blanket ban on such trading activities initially scheduled for July, the country’s financial regulator said last week.The country has prohibited short sales of Korea-listed stocks since Nov. 6 last year at
May 20, 2024 (Gmt+09:00)
CULTURE & TRENDS
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Korean foodOverseas Korean food fans choose soju, bibimbap as favorites
May 10, 2024 (Gmt+09:00)
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Travel & LeisureChinese group tours to Korea poised for strong revival
May 09, 2024 (Gmt+09:00)
3 Min read
PERSPECTIVES
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The KED ViewKorea: Underrated as seat of commercial arbitration
May 10, 2024 (Gmt+09:00)
2 Min read -
The KED ViewJapan’s South Korea bashing? Naver is not China’s TikTok
May 10, 2024 (Gmt+09:00)
3 Min read