Heekyong Yang
Stories by Heekyong Yang
Samsung Electronics starts work on sixth chip-making line, to take on bigger rival TSMC
TSMC plans to build a $12 billion factory in the U.S. state of Arizona.
SoftBank-backed Coupang’s operating loss shrinks in 2019 as e-commerce surges
The SoftBank-backed company has seen sales jump this year as demand spikes amid the coronavirus pandemic.
KB Financial acquires Prudential’s S Korean unit for $1.89b
The deal marks the No.1 U.S. life insurer’s exit from the South Korean market after 30 years.
Work-from-home surge triggers demand for laptops, network goods
Concerns over supply disruption have also contributed to a price rise.
S Korean unicorn Coupang stretched by order surge as coronavirus cases rise
The SoftBank-backed firm has seen deliveries climb to 3 million daily since mid-February from around 2.2 million per day late last year.
S Korea’s Big Hit Entertainment picks JPMorgan, others for IPO
The IPO could be one of the largest in years in the country’s entertainment industry.
S Korean restaurant owners express concern over $4b Delivery Hero deal
Delivery Hero said last month that it agreed to buy larger rival Woowa Brothers in a deal subject to antitrust approval.
S Korea’s Jeju Air to acquire 51% stake in Eastar Jet for $59m
The deal shows consolidation is underway in South Korea's crowded budget carrier space.
Hyundai wins bid for stake in Asiana Airlines, to inject over $1.7b
The deal would draw a line under a tumultuous period for the country’s No.2 carrier which is saddled with 9.6 trillion won ($8.3 billion) debt.
S Korea’s Aekyung makes binding bid for controlling stake in Asiana Airlines
The 31.05 per cent stake is worth about $329.15 million at current prices.
