The Korea Herald

Doosan in talks to sell HQ building for W700b

May 11, 2020

Debt-ridden Doosan Group is in talks to sell its real estate asset Doosan Tower to Mastern Investment Management for roughly 700 billion won ($572.3 million), according to industry sources. Doosan a...
DreamCIS likely to reopen Korea’s IPO market

May 11, 2020

South Korea is likely to end its monthslong drought in the initial public offering scene with Seoul-based pharmaceutical services company DreamCIS moving to raise 20.2 billion won ($16.5 million). D...
Samsung Electronics investors grow 5 times after stock split

May 11, 2020

The number of investors holding Samsung Electronics shares surged more than five times after the company divided the face value of stocks two years ago, data showed Sunday. According to data filed b...
[M&As Weekly] Infection slowdown pushes deal closures, new bids

May 10, 2020

The mergers and acquisitions scene in South Korea remains relatively vigorous, as small and medium-sized enterprises are looking for more chances to cash out assets amid the continued COVID-19 threat...
SK affiliate to acquire Young City office complex for W545.8b

May 7, 2020

An affiliate of Korean real estate developer SK D&D is poised to acquire the Young City office building complex for 545.8 billion won ($444.6 million), a regulatory filing showed Thursday. A real es...
FSC to foster senior-friendly ‘untact’ financial services

May 5, 2020

South Korea’s financial authorities said Tuesday they plan to set detailed guidelines on non-face-to-face services -- recently labeled “untact.” As part of its efforts to help seniors adapt to digit...
S. Korea plans extra emergency loans to virus-hit small businesses

May 5, 2020

South Korea’s top financial watchdog announced Tuesday it plans to launch the second round of an emergency loan program worth 10 trillion won ($8.2 billion) from May 18 in a bid to financially suppor...
FSC to receive applications for digital finance MBA program

May 5, 2020

The Financial Services Commission said Tuesday that it will start receiving applications for its part-time MBA program focused on digital finance from May 15. The program, slated to launch in Septem...
Mirae Asset drops $5.8b US hotel deal as litigation escalates

May 4, 2020

Mirae Asset Global Investments, the asset management arm of Korean financial group Mirae Asset, said Monday that it scrapped a $5.8 billion deal to acquire 15 luxury hotel properties in the United St...
Lotte chief likely to push for Hotel Lotte IPO to win power struggle

May 4, 2020

Lotte Group Chairman Shin Dong-bin is likely to accelerate the initial public offering of its subsidiary Hotel Lotte to consolidate his grip on the multinational group’s South Korean entities amid a ...
US-based Psomagen eyes at least W57.5b IPO in Korea

Apr 29, 2020

Psomagen, a US company dedicated to genome sequencing technology and DNA testing, said Wednesday it looks to raise at least 57.5 billion won ($47.2 million) in an initial public offering on the Korea...
Mirae Asset faces legal battle over $5.8b hotel deal

Apr 28, 2020

Korean firm counters Anbang on unfulfilled ‘prerequisites,’ denies capital financing concerns
KDB, K-Growth vow W2.5tr growth capital with 18 partners

Apr 28, 2020

Policy lender Korea Development Bank and fund-of-funds investment firm Korea Growth Investment Corp. said Tuesday they have selected 18 external partners to inject a total of 2.5 trillion won ($2.05 ...
Koramco closes W134b fund to invest in pre-IPO REITs

Apr 28, 2020

Korean real estate investment firm Koramco Asset Management said Tuesday it has signed a combined 134 billion won ($109.5 million) in commitments to its two blind-pool funds to capitalize on the pote...
SK hynix, LG, KB Financial recognized for climate change efforts

Apr 28, 2020

The South Korean division of the Carbon Disclosure Project awarded prizes to local companies in recognition of their efforts to fight climate change, at a ceremony held Tuesday. The 2019 CDP Korea A...