Economy
Financing
Commissions as high as 4%—and falling stock prices are someone else’s problem… Only brokerage firms are smiling
As major conglomerates have recently increased their use of price-return swaps (PRS) for fundraising, this has created a significant business opportunity for the large securities firms acting as their…
Financing
[Market In] Shock from A and BBB-Rated Chain Defaults… Even E-Land World, with a “2-for-2” Track Record, Is Shaken
E-Land World is proceeding with a bookbuilding process amid a freeze in investor sentiment toward BBB-rated corporate bonds. Having fully subscribed its two bookbuilding rounds in the first half of th…
M&A·IB
[Economy with the EU] Regulations Were Eased to Revive IPOs, but... Private Equity Firms Are Shunning the London Stock Exchange
Although the British government is moving to relax listing regulations and provide tax incentives to revitalize the London stock market, exit activities by global private equity (PEF) firms are bypass…
M&A·IB
'Loss Compensation' Backfires When Stock Prices Plunge... PRS Spent 3.8 Trillion Won, Now Faces Losing 1.2 Trillion Won
With volatility in the domestic stock market intensifying this year and the exchange rate soaring, concerns are growing over the risks faced by companies that raised funds through share price return s…
M&A·IB
PRS Hits 6.3 Trillion This Year Alone... 'Hidden Debt' Will Surface If Stock Prices Fall
"When stock prices fall, bills even more frightening than debt come flying in."As major domestic conglomerates are increasingly turning to Price Return Swaps (PRS) using their equity holdings to raise…
Business·Industry
Older-Generation Semiconductors Phased Out by Samsung and TSMC See Gradual Price Increases Amid Supply Shortages
As SamsungElectronics and Taiwan’s TSMC focus on producing 12-inch (300 mm; the diameter of a semiconductor wafer) wafers for artificial intelligence (AI) semiconductors, the 8-inch (200 mm) foundry m…
Financing
From Last-Resort Emergency Funds to a Source of Funding for New Businesses... Everyone Is Turning to PRS for Funding
Price Return Swaps (PRS) are establishing themselves as a new funding method for large conglomerates, moving beyond their original role as a means for companies facing poor business conditions to secu…
M&A·IB
[Market In] South Korea’s Impact Investment Industry Enters Its Second Act… “Moving Beyond Simple Investment to Build an Ecosystem”
South Korea’s impact investment industry is entering its “second act.” For the past two decades, the industry has focused on identifying and investing in companies that address social issues. However,…
Bonds·FX Policy
[Market Insight] DB Securities to Issue 200 Billion Won in Corporate Bonds
DB Securities (A+) is set to issue corporate bonds worth up to 200 billion won. While profitability and capital adequacy remain at healthy levels, the deterioration in asset quality—particularly in re…
Bonds·FX Policy
[Market In] Woori Financial F&I to Raise Up to 250 Billion Won Through Corporate Bonds
Woori Financial F&I (A0), an investment management company specializing in non-performing loans (NPLs), is set to issue corporate bonds worth up to 250 billion won. This move is seen as an effort to r…