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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Finance

Markets

Tue, May 30, 2023 | 20:17

Korean pension fund hit by overseas banking crisis

Korean pension fund hit by overseas banking crisis

The National Pension Service (NPS) has been hit hard by the global banking crisis, as the state-run pension fund holds stocks and bonds worth hundreds of billions of won in ill-fated overseas financial institutions, which are teetering on the brink of collapse.

Lee Min-hyung | 2023-03-22 15:35

[CONTRIBUTION] Activist funds gain influence, power

CONTRIBUTIONActivist funds gain influence, power

Recently, Kakao Entertainment and HYBE engaged in a fierce money game to acquire SM Entertainment (SM), the leading entertainment company in Korea, after which Kakao has emerged victorious.

2023-03-21 17:02

LVMH allegedly joins takeover bid to acquire Missha

LVMH allegedly joins takeover bid to acquire Missha

LVMH Group, the world's largest luxury group, which operates the global beauty store Sephora, has joined a preliminary takeover bid to acquire a controlling stake of Able C&C, the operator of cosmetics brand Missha, according to media reports and sources.

Anna J. Park | 2023-03-21 16:42

EcoPro Materials faces setback in IPO plan

EcoPro Materials faces setback in IPO plan

Battery materials business group EcoPro is facing a major setback to its plan to list its key subsidiary EcoPro Materials within this year, as prosecutors investigate the company over allegations of insider trading by some of its former and incumbent executives and staff employees. According to the financial authorities, a joint investigation team on financial crimes establis...

Anna J. Park | 2023-03-20 16:47

MBK Partners acquires FCCL maker NexFlex

MBK Partners acquires FCCL maker NexFlex

MBK Partners is adding Korea's top flexible copper clad laminate (FCCL) maker NexFlex to its investment portfolio, as Asia's largest private equity firm signed a stock purchase agreement (SPA) with SkyLake Equity Partners, the owner of the FCCL manufacturer, late last week.

Anna J. Park | 2023-03-20 16:02

SVB shock sparks foreign capital outflow from Korea

SVB shock sparks foreign capital outflow from Korea

The shock collapse of Silicon Valley Bank (SVB) is sparking foreign capital outflow here, rekindling woes that the local stock market may again fall into the doldrums.

Lee Min-hyung | 2023-03-19 16:52

Could Doosan Robotics be valued at 1 trillion won in IPO?

Could Doosan Robotics be valued at 1 trillion won in IPO?

As the robotics industry enjoys an upswing in the market, all eyes are on Doosan Robotics and whether it could be Korea's next trillion-won valued company. According to investment bank industry sources, the number one co-robot producer in Korea is preparing to go public this year. It has designated Mirae Asset Securities and Korea Investment & Securities as its lead underwrit...

Lee Yeon-woo | 2023-03-19 16:36

Seoul stocks end up on eased banking jitters

Seoul stocks end up on eased banking jitters

Seoul stocks finished higher Friday as investors' jitters eased on news that a group of banks would throw a lifeline to a troubled U.S. bank. The Korean won rose against the U.S. dollar.

2023-03-17 18:01

Robotics stocks soar over positive outlooks on future growth

Robotics stocks soar over positive outlooks on future growth

Local robotics stocks are enjoying a rapid bull market, reflecting investors' expectation over further mergers and acquisitions of robotics companies by conglomerates as well as the government's deregulation moves to foster the state-of-the-art industry. The share price of Rainbow Robotics reached its all-time high of 136,900 won ($104.90) in the early trading hours during Fr...

Anna J. Park | 2023-03-17 17:13

[INTERVIEW] 'Growing default risk derails IPO plans'

INTERVIEW'Growing default risk derails IPO plans'

When South Korea's e-grocery delivery company Oasis Corp., decided to withdraw its much-anticipated initial public offering (IPO) because of a valuation mismatch between what the firm was seeking and what investors were willing to pay, the company said its second IPO attempt will come only after determining the optimal timing from a financial point of view.

Kim Yoo-chul | 2023-03-16 08:52

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