Although Korean Air has finalized its post-merger integration (PMI) plan after confirmation by Korea Development Bank (KDB), the timing of the integration is being delayed as the Fair Trade Commission (FTC) has extended its schedule for a review of its merger with Asiana Airlines.The FTC recently ex
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. It has been reported that DS Networks’ consortium and Jungheung Construction have participated in the bidding for Daewoo E&C. Following the news, Daewoo E&C’s share price saw upward movement. Tha
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Having enjoyed sound 1Q21 earnings, Daewoo E&C is predicted to show continued earnings growth moving ahead by securing orders based on its portfolio of brands, including Prugio and high-end Prugi
Hanwha Group has decided to receive up to 5 trillion won in financial support from Korea Development Bank (KDB) over the next five years for investment in eco-friendly energy such as solar energy and hydrogen.The group plans to use the funds for merger and acquisition (M&A) deals and research and de
Creditors are increasingly agonizing over the start of SsangYong Motor's rehabilitation process.The Seoul Rehabilitation Court sent a letter of opinion to creditors of SsangYong Motor on April 1, asking if SsangYong would start its rehabilitation process, and the creditors failed to make a decis
Mirae Asset Daewoo has changed its name to Mirae Asset Securities. A regular shareholders' meeting held on March 24 approved the name change, along with other items on the agenda, including the appointment of internal and external directors, the approval of financial statements and a dividend pa
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Last week, media reports began mentioning a possible sale of Daewoo E&C. In 2017, when Hoban Construction announced its participation in the buying of Daewoo E&C shares, Daewoo E&C’s share price
People Power Party lawmaker Yoon Doo-hyun remarked on March 14 that 463 Korea Development Bank (KDB) staff members traded more than 20.29 billion won of stocks in the South Korean market last year. The amount almost doubled from the previous year to reach a five-year high. One of them traded 2.7 bil
The Reserve Bank of India (RBI) has approved Mahindra & Mahindra's capital reduction plan for its 75 percent stake in SsangYong Motor, clearing a big hurdle for the ailing automaker’s implementation of a pre-packaged restructuring plan (P-Plan).As the RBI has approved Mahindra & Mahindra’s capit
Mirae Asset Daewoo, the nation's top financial investment company in terms of equity capital, announced on March 9 that it will change its name to Mirae Asset Securities.The name change is designed to strengthen the company’s brand power and enhance its corporate image by using a unified corpora
SK E&S has recently borrowed a green loan of US$300 million to expand its investment in new eco-friendly energy projects.SK E&S announced on March 4 that it has signed a US$300 million green loan contract with the Overseas M&A Investment Support Council consisting of Korea Development Bank (KDB), th
Korea Development Bank (KDB) has become the first Korean bank to participate in a project finance arrangement for a satellite project.KDB recently signed an agreement with HSBC, Banco Santander and the Asia Infrastructure Investment Bank to jointly arrange a US$431 million loan for the Indonesian go
The Ministry of Land, Infrastructure, Transport and Tourism of Japan has urged the Japanese government to call the South Korean government’s shipbuilding industry support policy into question in the framework of the WTO and the OECD.The demand is to object to the merger between Hyundai Heavy Industr
The Hyundai Heavy Industries Holdings (HHIH)-KDB Investment (KDBI) consortium announced on Feb. 5 that it has signed the main contract with Doosan Heavy Industries & Construction to take over Doosan Infracore. HHIH is the holding company of Hyundai Heavy Industries (HHI) Group.The consortium will ta
GM Korea will sell off even its service center in Yangpyeong-dong, Seoul, the largest of the automaker’s nine directly managed service centers in Korea. As GM Korea suffered deficits last year for seven consecutive years, the carmaker has decided to sell off service centers to normalize its manageme
SsangYong Motor has got one step closer to a court receivership as its pre-packaged bankruptcy plan (P-Plan) hit a snag.Choi Dae-hyun, senior vice president of Korea Development Bank (KDB), said at an online press conference on Feb. 2 that the potential investor left Korea on Jan. 31 without making
The author is an analyst of Shinhan Investment Corp. He can be reached at eoyeon.hwang@shinhan.com. -- Ed. 2021outlook: Operating profit of KRW59.4bn (-58.5% YoY)Korea Shipbuilding & Offshore Engineering (KSOE) is expected to post sales of KRW16tr (+7.7% YoY) and operating profit of KRW59.4bn (-58.4
Hyundai Motor Group announced on Feb. 1 that it will invest in startups with innovative technologies and creative ideas by establishing ZER01NE Fund 2.The group signed a business agreement with Korea Development Bank to support promising mobility startups and foster a future mobility ecosystem.ZER01
SsangYong Motor is seeking to attract US$250 million in investment from U.S. auto retailer HAAH Automotive.SsangYong Motor and HAAH Automotive will sign an investment agreement in early February at the earliest and submit a pre-packaged bankruptcy plan (P-Plan) to the court.A prepackaged bankruptcy
Korea Development Bank (KDB) is planning to sell off HMM (formerly known as Hyundai Merchant Marine) to POSCO. KDB, the largest shareholder of HMM, plans to privatize HMM by handing over all of its shares to the steelmaker."KDB recently reported an HMM privatization plan to the Ministry of Strategy