The Korea Herald

Son Ji-hyoung

안녕하세요 Son Ji-hyoung 기자입니다.

Articles by Son Ji-hyoung

[Herald Interview] ‘Chaebol need sincere communication to fend off takeover attempts’

MarketsAug 24, 2021

For example, private equity fund Korea Corporate Governance Improvement’s high-profile bid to take over Hanjin has fallen by the wayside. Building a coalition with a more than 40 percent stake in th...
Kyobo Life minority shareholders deny collusion with accountants

MoneyAug 22, 2021

Minority shareholders of Kyobo Life Insurance denied having colluded with the company’s accountants to influence the pricing of shares as they sought to exit the company after its failed attempt to g...
Cash-rich Hyundai Engineering makes case for IPO at W10tr valuation: analysis

MoneyAug 22, 2021

South Korean builder Hyundai Engineering’s anticipated initial public offering will bring its equity value to over 10 trillion won ($8.5 billion), as its market debut plan is considered a critical st...
$HHI acquires Doosan Infracore after Chinese arm dispute resolution$

HHI acquires Doosan Infracore after Chinese arm dispute resolution

MoneyAug 19, 2021

Hyundai Heavy Industries Group has closed an acquisition deal of a 30 percent stake in South Korean machinery manufacturer Doosan Infracore for 850 billion won ($722.5 million), a filing submitted to...
BlackRock Real Assets to acquire Korean solar power operator

MoneyAug 18, 2021

BlackRock Real Assets said Wednesday it has signed an agreement to acquire an undisclosed amount of equity stake in South Korean solar aggregator and operator Brite Energy Partners. The US-based inv...
NPS sells entire General Electric stake in Q2

MoneyAug 18, 2021

The National Pension Service, South Korea’s public pension scheme, divested its entire 11.5 million shares in General Electric as of end-June, a regulatory filing showed Wednesday. The world’s third...
Danggeun Market wins unicorn status with $162m funding

MoneyAug 18, 2021

Danggeun Market, operator of hyperlocal e-commerce app Karrot, said Wednesday it has fetched a $162 million funding in a series D round with an enterprise valuation of $2.7 billion. The latest round...
IFC names new regional director of East Asia and Pacific

MarketsAug 17, 2021

The International Finance Corp., a member of the World Bank Group, said Tuesday that it has appointed Kim-See Lim as the new regional director of East Asia and the Pacific. The Malaysian national wi...
Samsung Asset’s hedge fund arm merger falls through

MarketsAug 16, 2021

Samsung Asset Management has withdrawn its plan to merge its hedge fund arm following a yearslong delay since the announcement, a filing showed Monday. The proposed merger of Samsung Asset and its w...
Tesla stocks lose luster among Korean investors

MarketsAug 16, 2021

South Korean investors’ appetite for shares in electric vehicle maker Tesla has been on the wane over the past few months, with many turning to vaccine-related stocks, including Moderna, data showed ...
KIC divests all Alibaba stake, mixed on other Chinese tech stocks

EconomyAug 13, 2021

South Korea‘s sole sovereign wealth fund, Korea Investment Corp., divested the entirety of 2.9 million shares in Alibaba Group Holding -- the 25th-biggest United States-listed stock it was holding ea...
Korea’s ESG bond issuance sets annual record

MarketsAug 12, 2021

South Korea has floated more bonds associated with environmental, social and sustainability issues this year than in all of 2020, setting an annual record in the fast-growing market, data showed Thur...
Netmarble cashes in W430b upon KakaoBank listing

MoneyAug 11, 2021

South Korea‘s gaming giant Netmarble has divested a 1.3 percent stake in KakaoBank to cash in 430.2 billion won ($372.8 million), a filing showed Wednesday. The disclosure came on the heels of the m...
Naver to acquire 15% stake in Cafe24 in e-commerce push

MarketsAug 10, 2021

South Korean internet giant Naver is poised to acquire a 15 percent stake in e-commerce solutions provider Cafe24 for 137.2 billion won ($119.4 million), filings showed Tuesday. Cafe24 plans to issu...
Foreign investors' bond buying spree continues

MarketsAug 10, 2021

Foreign investors have net purchased more bonds from January to July than in all of 2020, amid signs that Korean bonds are largely regarded as an attractive investment destination, data showed Tuesda...