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Korean firms in rush to tap bond market ahead of rate hikes - Vimarsana News

Korean firms in rush to tap bond market ahead of rate hikes

New corporate bond issuance in South Korea is on course to hit 9.2 trillion won ($8.3 billion) in February of this year, the highest amount issued for a singl

Korean insurers may write down $1.1 bn global alternatives - Vimarsana News

Korean insurers may write down $1.1 bn global alternatives

The Drew Las Vegas (Courtesy of JW Marriott) South Korea’s 36 insurance companies have invested a combined 70 trillion won ($63 billion) in overseas alternative investments as of the end of September last year, of which they may need to write down 1.27 trillion won ($1.1 billion) worth of assets because of loan defaults or suspended projects, the country’s top financial regulator said. The insurers, including Mirae Asset Life Insurance Co. and KB Insurance Co., have already booked 194.4 billion won in losses from their global alternatives portfolios, mostly stemming from rea...

Netmarble buys majority stake in US game maker Kung Fu Factory - Vimarsana News

Netmarble buys majority stake in US game maker Kung Fu Factory

Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undisclosed sum

Kakao's edtech startup eyes 2022 listing - Vimarsana News

Kakao's edtech startup eyes 2022 listing

Yanadoo logo South Korea-based edtech startup Yanadoo is the latest affiliate of Kakao Corp., the country's largest messaging app operator, to prepare for an i

Doosan to spin off No. 1 forklift business to Bobcat - Vimarsana News

Doosan to spin off No. 1 forklift business to Bobcat

Doosan Bobcat forklift South Korea-based power plant builder Doosan Group is planning to spin off its profitable forklift business into construction equipment