Financial authorities have declared war on unfair trading forces, including stock manipulation. They will swiftly freeze accounts suspected of unfair trading, apply a zero-tolerance policy, and increase the reward for reporting to 3 billion won (US$2.24 million), up from 2 billion won (US$1.49 milli
Hahn & Company (Hahn&co), a private equity fund (PEF) operator, has attracted about 1 trillion won (US$749 billion) in institutional funds for its first domestic funding.According to recent investment banking industry sources, Hahn & Company’s 4th blind fund, which has been in the collection phase s
The much-anticipated IPO of Doosan Robotics on the KOSPI this year has solidified its offering price at the top of its anticipated range, thanks to massive interest from the world’s largest sovereign wealth funds and asset management companies.According to the domestic economic media Seoul Economic
On Sept. 19, a commemorative event was held at the Samsung Fire & Marine Insurance Guide Dog School in Yongin, Gyeonggi Province, celebrating the guide dog program that the late Lee Kun-hee, former Chairman of Samsung, had dedicated himself to for 30 years following his “New Management Declaration”
LG Energy Solution announced on Sept. 19 that it has successfully completed the issuance of a total of US$1 billion in global green bonds including US$400 million with a five-year maturity and US$600 million with a five-year maturity.Their interest rates were set at +100 basis points (bps) and +130
Seo Jung-jin, chairman of Celltrion Group, met with foreign investors and institutional partners to present the blueprint for the group’s merger and its future vision. On Sept. 11 (local time) in New York, Chairman Seo attended the “21st Morgan Stanley Global Healthcare Conference” where he had a di
According to the Federation of Korean Industries (FKI) on Sept. 6, Chairman Ryu Jin, who took office as the 39th chairman, reaffirmed friendly relations by sending congratulatory letters to over 40 partner organizations in major countries and international institutions worldwide. He also proposed th
The South Korean government’s initiative to issue “Samurai Bonds” has been seen as a signal of enhanced economic cooperation between South Korea and Japan. Following the government’s move to issue Samurai Bonds, there is growing interest in whether South Korean companies will also embark on yen-deno
The author is an analyst for NH Investment & Securities. She can be reached at jiyoony@nhqv.com -- Ed.We hosted a non-deal roadshow (NDR) for The Nature Holdings following its 2Q23 earnings announcement. The attending institutional investors expressed interest in its timeline for overseas expansion
According to the Ministry of Trade, Industry and Energy on Aug. 23, Korea’s general machinery exports stood at US$25.7 billion in the first half of this year and the export amount represented a year-on-year increase of 1.6 percent. The growth is noticeable compared to a year-on-year decline of more
In the second quarter of this year, Korea’s net external financial assets (external financial assets minus external financial liabilities), which reflects the country’s external solvency, declined amid rising stock markets at home and abroad.However, Korea’s ratio of short-term external debt to tota
The Korean government will issue yen-denominated foreign exchange stabilization bonds, also known as samurai bonds, for the first time since the 1998 foreign exchange crisis in Korea. Private investors, including major Japanese banks, are being targeted. They are expected to help Korean companies to
BlackRock, the world’s largest asset management company, has decided to reduce its paid-in capital by 62 percent in its Korean subsidiary, BlackRock Investment Management. This strategic move comes two years after the company sold its mutual fund business, reflecting an intent to optimize its cost s
CJ CheilJedang announced on July 31 that it has sold its entire stake in the Chinese food subsidiary Jixiangju. This is a strategic move to accelerate the growth of K-food and strengthen financial soundness through “selection and focus.”The sale price is approximately 300 billion won, and the buyers
Singapore’s sovereign wealth fund, GIC, is teaming up with domestic institutional investors to undertake a substantial data center project. Despite challenging investment market conditions due to factors like consecutive interest rate hikes, data centers are gaining popularity as a stable and attrac
SK hynix, the developer of the world’s first 12-layer HBM3 product, is targeting to double the sales of high bandwidth memory (HBM) and double data rate (DDR) 5, essential components for AI servers, next year.According to industry sources on July 20, at a recent private corporate briefing (IR) for m
The South Korean government plans to contribute US$10 million to the World Bank’s Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund for Ukraine’s reconstruction.On July 18, according to the Ministry of Strategy and Finance, while attending the G20 Finance Ministers’ meeting in Gandhinag
IGIS Asset Management is reportedly considering selling real estate in Germany to prevent additional deterioration of the profitability of a fund under its management.According to financial sources on July 18, IGIS announced on their website on July 17 regarding the primary risk conditions and measu
The author is an analyst for Shinhan Securities. He can be reached at jk.ahn@shinhan.com -- Ed.Lowered expectations for US rate cuts, strong external headwinds for 3Q23US Treasury yields are unlikely to move lower in 3Q. The Silicon Valley Bank crisis and the ensuing financial market unrest that tri
Korea Western Power is set to jointly develop a green hydrogen and ammonia project with a local energy company in the United States.On July 5 (local time), Korea Western Power signed a memorandum of understanding (MOU) for the development of a U.S. green hydrogen and ammonia production project with