Citigroup Global Markets Korea (CGMK), Citi’s investment banking franchise in Korea, ranked No. 1 in the Dealogic Korea Investment Banking Wallet League table with a 16 percent market share, the company said Wednesday. Citi raised a total of $60 billion for Korean clients across global debt and equity markets in the first seven months of the year, according to Dealogic data. The financing came through a total of 40 transactions so far this year, or more than one deal a week on average, making it a record year for CGMK. Citi’s track record includes a lead role in SK hynix’s $26.5 billion offering of American depositary receipts on Nasdaq in July, which was the largest U.S. initial public offering ever by a foreign issuer and the largest equity deal ever to emerge from an Asian market, the company said. Citi expects continued active transaction flow in Korea’s investment banking sector in the second half of the year, with key financings across debt and equity capital markets expected to drive a record year for capital markets issuance from the country. CGMK said it has a strong pipeline, wh
