$100 billion
Scope
Date
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Steel
POSCO readies for leap to carbon-neutral steel
South Korea’s POSCO Group is preparing to produce carbon-neutral steel, using hydrogen instead of fossil fuels such as coal and natural gas, w...
May 30, 2023 (Gmt+09:00)
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Batteries
Hyundai revs up US advance with $4.3 billion battery JV with LG
Hyundai Motor Co. has taken another step closer to receiving US tax credits for its electric cars sold in the country by signing a 5.7 trillion won ...
May 26, 2023 (Gmt+09:00)
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Corporate investment
CJ dreams to build new kingdom in US with massive investment
CJ Group, a major South Korean conglomerate with a wide range of businesses spanning everything from food to bio, livestock feed, logistics, enterta...
May 25, 2023 (Gmt+09:00)
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Batteries
SK On wins $909 mn from BlackRock, QIA, MBK consortium
SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...
May 24, 2023 (Gmt+09:00)
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Economy
S.Korea’s direct investment abroad hits record high in Q1 2023
South Korea’s net international investment position (NIIP) increased in the first quarter on the country’s record-high direct investment...
May 24, 2023 (Gmt+09:00)
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Electronics
ASM to invest $100 mn to expand R&D facilities in S.Korea
The Netherlands-based semiconductor equipment maker ASM will invest $100 million (132 billion won) to boost its R&D and production capacities in...
May 24, 2023 (Gmt+09:00)
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K-pop
Fifty Fifty longest K-pop girl group to stay on Billboard Hot 100
Fifty Fifty has stayed on the US Billboard Hot 100 for nine consecutive weeks, setting a new record for the longest stay by a K-pop girl group.Accor...
May 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners puts Korea’s largest golf course operator on market
North Asia-focused private equity firm MBK Partners has put Golfzon County Co., the biggest golf course operator in South Korea, on sale at an estim...
May 23, 2023 (Gmt+09:00)
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Economy
S.Korea's BSI dips below 100 for 15th consecutive month
The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for June, the 15th consecutive month of such pessimis...
May 23, 2023 (Gmt+09:00)
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Carbon neutrality
S.Korea selects 100 core technologies to achieve carbon neturality
South Korea has designated 100 core technologies to achieve carbon neutrality including heat pumps that retrieve heat from air and water, the green ...
May 22, 2023 (Gmt+09:00)
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Korean stock market
Foreigners gobble up chip stocks in S.Korea, buoying overall Kospi
Foreign investors' appetite for South Korean stocks remains insatiable, mainly for semiconductor heavyweights, underscoring their high expectations ...
May 19, 2023 (Gmt+09:00)
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Chemical Industry
LG Chem secures exclusive deal for Israeli desalination project
South Korea's LG Chem Ltd. revealed on Thursday that it has been awarded the exclusive contract as the sole supplier of reverse osmosis (RO) membran...
May 18, 2023 (Gmt+09:00)
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Artificial intelligence
LG CNS’ AI-based marketing platform greatly boosts results
The trial application of South Korea's information and communications technology company LG CNS of artificial intelligence (AI) to marketing and adv...
May 16, 2023 (Gmt+09:00)
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Pre-IPOs
Doosan begins pre-IPO funding round for US fuel cell unit HyAxiom
Doosan Corp., the holding company of South Korean plant-to-machinery conglomerate Doosan Group, is slated to attract $200 million for its hydrogen f...
May 12, 2023 (Gmt+09:00)
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Cryptocurrencies
Terra co-founder Do Kwon’s $177 million assets in Korea under seizure
Terraform Labs co-founder Do Kwon, the mastermind behind the Terra-Luna cryptocurrency collapse, has had most of his assets in South Korea frozen, a...
May 11, 2023 (Gmt+09:00)
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Energy
LS Cable consortium wins $1.5 billion cable deal from the Netherlands
A three-party consortium including South Korea’s LS Cable & System Ltd. has won a 2 trillion won ($1.5 billion) deal to build high-voltage...
May 08, 2023 (Gmt+09:00)
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Bio & Pharma
SK Bioscience to invest $1.8 billion, seeks M&As for inorganic growth
SK Bioscience Co., the drug-making unit of South Korea’s SK Group, plans to spend 2.4 trillion won ($1.8 billion) over the next five years and...
Apr 28, 2023 (Gmt+09:00)
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Korean startups
S.Korea to support exports of 100 SMEs in metaverse, XR industry
South Korea's Ministry of Science and ICT announced on Thursday that it will support the export of 100 small- and medium-sized enterprises (SMEs) in...
Apr 27, 2023 (Gmt+09:00)
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Batteries
POSCO Future M to supply LG Energy Solution $22.6 bn worth of cathodes
POSCO Future M Co. on Wednesday signed a long-term contract with LG Energy Solution Ltd. (LGES) to supply 30.26 trillion won ($22.6 billion) worth o...
Apr 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia invest $746.3 billion more in 42dot
Hyundai Motor Co. and Kia Corp. will inject 1 trillion won ($746.3 billion) of funds into 42dot, a self-driving vehicle subsidiary of Hyundai Moto...
Apr 26, 2023 (Gmt+09:00)
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Economy
S.Korea's BSI under 100 for 12th straight month
The economic outlook of South Korean manufacturing and non-manufacturing sectors is negative for May, marking the 12th consecutive month of such p...
Apr 25, 2023 (Gmt+09:00)
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K-pop
BTS' 'Fake Love' video tops 1.2 bn views on YouTube
BTS’ “Fake Love” music video has surpassed 1.2 billion views on YouTube on Monday, its record label Big Hit Music announced. ...
Apr 24, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea sees boom in domestic demand for zero-sugar soju
A "zero-sugar" craze has emerged on the South Korean market for the country's traditional alcoholic drink soju. Lotte Chilsung Beverage said its die...
Apr 20, 2023 (Gmt+09:00)
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Korean food
Korea’s shaved ice dessert bingsu price up 30% on-year on inflation
Inflation has hit almost every corner of the real economy in South Korea, and the country’s popular summer dessert bingsu is no exception, wit...
Apr 19, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia surpass 100,000 global EV sales in Q1
Hyundai Motor Group's electric vehicle (EV) sales have exceeded 100,000 units in the first quarter of this year, driven by the strong sales of its f...
Apr 17, 2023 (Gmt+09:00)
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Corporate strategy
POSCO International to transform into green company by 2030
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., on Thursday unvei...
Apr 13, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
KSOE wins order $171 mn for two crude oil carriers
Korea Shipbuilding & Offshore Engineering (KSOE), a shipbuilding intermediate holding company of South Korea's HD Hyundai Group, announced on Th...
Apr 13, 2023 (Gmt+09:00)
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Korean startups
S.Korea offers major support to online overseas shipments of 100 promising SMEs
South Korea's Ministry of SMEs and Startups on Thursday said it launched an online export package program of extensive support for the entire proces...
Apr 13, 2023 (Gmt+09:00)
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Batteries
LS Group' corporate value soars as EV battery market grows
LS Corp., a holding company of South Korea's LS Group, has seen its enterprise value swell by nearly 1 trillion won ($760 million) over the past yea...
Apr 11, 2023 (Gmt+09:00)
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Private equity
Korean PE firm STIC taps Bain & Co senior partner for PE business
South Korean private equity firm STIC Investments Inc. is set to hire Lee Hyukjin, a senior partner of global management consulting firm Bain & ...
Apr 06, 2023 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet