Korea Development
Unbiased History & Stories on Korea for Global Audience
Sponsored by Open Korea Foundation
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GM Korea supplier Erae cs eyes revival by unit sales
Advertisement of Erae AMS (photo captured from Erae AMS’ website) A controlling stake in Erae AMS Co., formerly Delphi Automotive…
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Eugene PE, KDB PE to acquire Boryung Biopharma for $231 million
A consortium of Eugene Private Equity and Korea Development Bank Private Equity will acquire 80% of South Korean vaccine maker…
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Samsung seeks $3.6 billion in loans from KDB for chip investment
South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the…
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SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Pharmteco’s headquarters in Sacramento, California SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate,…
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EV battery maker LG Energy eyes $2 bn global bond sale
LG Energy Solutions’ booth at RE+ 23, an annual clean energy trade show held in September 2023 in Anaheim, California…
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Doosan emerges as darling in Korea’s BBB bond market
Doosan Co. is poised to raise up to 80 billion won ($58 million) in bond sales this week following its…
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SK asks KDB for more funds before drastic restructuring
SK Group headquarters building SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s…
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Korea to offer $10.75 bn refund guarantees for shipbuilders
A shipyard in Geoje, South Korea South Korean banks and state-run financial institutions will issue $10.75 billion worth of refund…
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PwC’s Korean member taps new chiefs, creates finance unit
Samil PwC nominates Hong Joon-ki (left) as chief of the audit unit, Min Joon-seon as deals unit leader and Lee…
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Asiana’s cargo unit to be sold for $362 mn to Air Incheon
Air Incheon’s cargo plane (Courtesy of Air Incheon) South Korean flag carrier Korean Air Lines Co. has tapped Air Incheon,…
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Asia’s largest startup fair NextRise 2024 held in Seoul
The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia’s largest startup fair “NextRise 2024…
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Yellow Umbrella’s new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund logo (Courtesy of Yellow Umbrella) The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion…
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Korea’s KDB widens gap in VC fundraising in H1; NPS to fund in July
Korea Development Bank in Seoul (Courtesy of KDB) Capital commitment of state-run Korea Development Bank (KDB) has widened the gap…
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Korean biotech Bertis to join BIO 2024 for global reach
Bertis Chief Executive Han Seung-man South Korean biotech Bertis Inc. will deliver presentations at the BIO International Convention, one of…
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Korea’s bad loan managers seek liquidity via bond sales
Korean non-performing loan asset management firm UAMCO and employees South Korean non-performing loan (NPL) managers are increasing fundraising through their…
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Korea’s Taeyoung to sell hotel to speed up debt workout
A view from Take Hotel’s swimming pool (Photo captured from Take Hotel’s website) South Korea’s Taeyoung Group, which is undergoing…
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S.Korea’s largest startup fair NextRise to be held in June
The Korea International Trade Association announced on Tuesday that the largest domestic startup fair in South Korea, NextRise 2024 Seoul,”…
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Taeyoung E&C kickstarts debt workout with IGIS’ investment
Taeyoung Engineering & Construction’s headquarters in Yeouido, Seoul Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead…
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Machine tool maker DN Solutions kicks off IPO process
DN Solutions products (Screenshot captured from the company website).png DN Solutions Co., the world’s third-largest machine tool maker, has kicked…
