South Korea

Doosan Bobcat’s largest shareholder has bagged W141.9bn ($126.5m) after trimming its stake in the South Korean heavy equipment maker.

Investors flocked to the Export-Import Bank of Korea’s (Kexim) $1bn bond on Monday, viewing the policy bank as a defensive credit to park their cash in.

A flurry of Asian bond issuers have ventured out in a bid to wrap up deals ahead of the Thanksgiving holiday in the US on Thursday, even as markets remain on shaky ground.

South Korea’s financial regulator has brought the hammer down on Samsung BioLogics, accusing it of intentionally overvaluing a subsidiary ahead of its W2.25tr ($2bn) IPO in late 2016.

LG Display Co unveiled its debut dollar bond on Wednesday, taking home $300m from a green-labelled deal.

South Korea’s financial regulator is planning a series of capital market reforms to loosen its grip on the IPO process, giving a much-needed boost to small and medium-sized companies looking to raise equity. Jonathan Breen reports.

Mirae Asset Daewoo Co became the first securities firm from South Korea to tap the international bond market this week, when it issued $300m on Wednesday.

Shinhan Bank used its position as the first dollar borrower in the market on Monday to lock up $500m, paying just a low single-digit new issue premium despite global volatility.

South Korean bond issuers have defied a volatile market over the past week or so, selling $2.5bn of offshore bonds and giving a rare bit of good news for debt bankers — who admit they are nervous about the future. Addison Gong reports.

Korea Housing Finance Corporation (KHFC) entered the euro market for the first time on Wednesday, where it was met with a warm response for what was also the first ever social covered bond from an Asian borrower.

Korean Air Lines (KAL) closed a $350m secured deal on Tuesday backed by future ticket sales between the US and South Korea, executing the drive-by trade using a credit facility from Shinhan Bank.

An A$500m ($355m) Kangaroo bond from the Export-Import Bank of Korea on Tuesday reaffirmed Australian dollar investors’ appetite for high quality credits from South Korea, amid a fall in global issuance volume in the currency this year.