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 whole of 2020, as a slew of startups race to go public to take advantage of abundant market liquidity and the stock markets bull run beginning late last year.
The 214-square-meter Kyochon restaurant in Sookdae, Seoul, opened in January 2020.
South Korea s 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 company s headquarters reported 447.6 billion won in revenue, up by 18% from the previous year. Its operating profit also climbed by 4% to 41 billion won.
The company s performance is owing to the food delivery boom amid the global pandemic. The rising demand for food delivery pushed franchise brands mostly fried chicken and pizza to engage in a cutthroat competition, aiming to lure customers with perks and discounts.
Amorepacific Corp., the South Korean beauty giant, has signed a partnership agreement with Shopee, a Singaporean e-commerce platform, to expand its influence
South Korean retail giant Shinsegae Group s corporate venture capital (CVC) fund Signite Partners has invested in Grab Holdings Inc., a Southeast Asia-based r
South Korea’s Hyundai Motor Group and steel giant POSCO have agreed to cooperate in hydrogen-related projects and jointly explore overseas business oppo