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Korean stock markets set for record-high IPOs in 2021

Solum, a wireless communications module maker, debuted Feb. 2 on the Korea Exchange. Initial public offerings in South Korea are expected to top 20 trillion won ($18 billion) in value this year, the largest amount for a single year in the country, with a greater number of high-profile companies, including LG Energy Solution Co., preparing for billion-dollar offerings in coming months. The estimated IPO volume this year is about five times the 4.7 trillion won for the who...
South Korea Jerry Lee Choi Jong Kyung Ph Tech Co Sk Bioscience Co Kakao Bank

Korean fried chicken brand reports all-time high earnings in 2020

The 214-square-meter Kyochon restaurant in Sookdae, Seoul, opened in January 2020. South Koreas No. 1 fried chicken brand Kyochon F&B reported all-time high earnings last year, with its franchise restaurant outlets pulling in total sales of over 1 trillion won ($910 million), according to industry sources on Feb. 16. Last year, the companys headquarters reported 447.6 billion won in revenue, up by 18% from the previous year. Its operating profit also climbed by 4% to 41 bill...
Soult Ukpyolsi South Korea Cholla Namdo Bora Kim Jerry Lee Middle East

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