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Reporter : Anna J. Park
Fri, October 22, 2021 | 08:10
Gompyo Beer brewer Sevenbrau to go public next year
Sevenbrau, a local craft beer company launched back in 2003, has been coming up with various brands of beers, including Gompyo Wheat Beer, drawing enthusiastic responses from local consumers.
FSC looks into possible violations in Jungheung's acquisition of Daewoo E&C
Financial regulators are looking into whether a mid-sized construction company received preferential treatment in acquiring Daewoo Engineering and Construction (Daewoo E&C), which used to be one of Korea's top builders. The move follows suspicions raised by some lawmakers and unionized workers accusing Jungheung Construction of benefiting unfairly in it selection early last w...
Interpark up for sale in M&A market
Interpark, Korea's first-generation e-commerce business launched back in 1997, is up for sale in the M&A market, looking for a potential buyer of the online retail platform business.
Affinity Equity's exit strategy from LocknLock seems dim
LocknLock remains as a drag on Affinity Equity Partners' investment portfolio, as Korea's largest food container maker continues to fail to meet the profit expectations of the Hong Kong-based private equity firm (PEF) due to increased costs.
KTB Group aspires to grow into major financial group
KTB Group has been focusing on boosting its corporate value through aggressive expansion, as evidenced by its recent acquisition of Eugene Savings Bank.
Int'l banks rush to release 'sell' reports on local firms
Global investment banks have been publishing a flurry of “sell” reports - or “underweight” or “underperform” opinions - on Korean companies, as they view the firms' valuations have gone up above their substantial values recently amid the KOSPI's bullish performance.
S&P optimistic about Korea's solid economic recovery
S&P Global Ratings expects the Korean economy to continue displaying solid growth throughout this year and in 2022, in spite of the lingering impact of the COVID-19 pandemic, mainly due to rising exports as well as mild inflationary pressure.
DiDi crackdown to affect Mirae Asset-Naver's investment
As the Chinese internet regulator announced a surprise probe on whether to ban DiDi Chuxing's app from local app stores - just two days after the ride-hailing firm's New York Stock Exchange debut - investors invested in DiDi Chuxing are considering initiating an “exit strategy.”
Korea may join with Japan, UK to regulate Binance
After the country's top financial regulators confirmed plans to strengthen regulations on cryptocurrencies to rein in the ongoing crypto-craze, Binance, the world's largest coin exchange in terms of trading volume, is facing mounting obstacles here.
Shinhan, KB compete to capitalize on BTS fever
Shinhan Card is set to launch special credit cards, particularly using various images of K-pop band BTS, later this year, as the company announced Monday that it signed a partnership with Weverse Company - BTS management firm HYBE's fandom platform affiliate.
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