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Reporter : Kim Bo-eun
Tue, September 26, 2023 | 07:30
SK On considers pre-IPO for financing investments
SK's battery affiliate is moving quickly to secure much-needed funds to finance aggressive investments in the U.S. and China. SK Innovation split off its battery business in October into a wholly owned subsidiary, SK On, as a means to raise funds via an IPO.
Eastar Jet to start fresh with stock retirement
Eastar Jet has cleared former shareholders as it takes steps according to its restructuring plan approved by a Seoul Court earlier this month. The Seoul Bankruptcy Court earlier this month approved the budget carrier's restructuring plan, enabling property developer Sung Jung to proceed with its planned acquisition.
Seasoned strategist named as LG COO
A seasoned strategist was appointed as the chief operating officer of the country's fourth-largest conglomerate.
[ANALYSIS] Samsung facing mounting tasks after Lee's US trip
Samsung chief Lee Jae-yong's first trip to the U.S. in five years was meaningful in some ways. He met with White House officials to discuss Samsung's role in addressing supply chain problems. Samsung also finally announced its selection of Taylor, Texas, as the site for its upcoming $17 billion foundry plant.
LG Energy Solution gearing up for January IPO
LG's battery affiliate is on track for its IPO, which is set to take place in January of next year. LG Energy Solution (LGES) has moved aggressively to make up for damage and restore market trust in the past months following battery fires, and now awaits its planned debut on the local stock market. The Korea Exchange is currently reviewing the battery maker's filing for its I...
NFTs emerging as blue ocean for game companies
Non-fungible token (NFT)-related stocks are all the rage, with game developer stocks spiking in recent weeks after they unveiled plans to launch relevant businesses. Korea's major game companies such as Pearl Abyss, Kakao Games and Wemade now are in the top ranks on the secondary KOSDAQ bourse in market capitalization. Even amid the upward trajectory of the stocks, analysts a...
Disney Plus subscribers complain about low-quality subtitles
It has only been a few weeks since Disney Plus launched in Korea, but a negative sentiment is building around the U.S. entertainment giant's video streaming service, based on sub-par Korean language subtitles. Posts are flooding online such as on Twitter and Naver, with captures of absurd subtitles that were translated from English into Korean.
Korea urged to take tactical stance in US-China conflict
Korea is increasingly being squeezed as the U.S. and China continue their power struggle. U.S. Trade Representative Katherine Tai's visit to Seoul last week was part of the No. 1 economy's strategy to confirm its alliance with major countries in Asia to contain China's growing influence. Tai met with Minister of Trade Yeo Han-koo, Friday, and business leaders the following da...
ASML pledges investment into Hwaseong chip cluster
Minister of Trade, Industry and Energy Moon Sung-wook and ASML CEO Peter Wennink pose after discussing the Dutch chip-making equipment manufacturer's investment plans at ASML Korea's headquarters in Hwaseong, Gyeonggi Province, Thursday. ASML pledged to invest a total of 240 billi...
SK bioscience could lose AztraZeneca as customer
SK bioscience may lose a major customer, as its contract to manufacture AstraZeneca COVID-19 vaccines will expire by the end of this year.