S-Oil says at least 20 more years to go for oil-powered cars

The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...

Bluespace.ai to develop autonomous mass transit system in Seoul

Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...

SK Hynix and other affiliates to become 100% powered by renewable energy

South Korea's SK Holdings Co., along with seven of its affiliates have submitted applications to join RE100, a global coalition of multinational compa...

AI chip market heats up, to tip over $100 bn in deals

The global semiconductor industry has been swamped with a series of massive deals this year, likely to tip over $100 billion in deal volume as compani...

IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 mill...

KEPCO set to finance $190 mn for Vietnam’s coal power plant project

Korea Electric Power Corp. (KEPCO) will move forward with its participation in Vietnam’s coal-fired power plant project, after the deal came c...

Hyundai Motor hires two AI experts to strengthen foothold in future mobility

Hyundai Motor Group has hired two artificial intelligence experts as the company aims to secure its position in the future mobility sector, including ...

Hana Financial to fund Australia solar power project with $146 mn senior debts

Hana Financial Investment Co. Ltd. has secured A$200 million ($146 million) in senior loans to finance A$320 million solar power project in Australia ...

Hanwha Solutions, affiliates’ shares soar on Green New Deal, defense

Share prices of Hanwha Solutions Corp. and other Hanwha Group units are being re-rated as the companies shift their business focus to the green energy...

Hanwha Q Cells secures 315MW solar power, energy storage project in Portugal

Hanwha Q Cells Co. has secured the right to generate half of the 700-megawatt power capacity put up for auction in Portugal, becoming the first compan...

Hyundai Heavy world's first in LNG-powered container launch

South Korean shipbuilding giant Hyundai Heavy Industries Co. has launched the world’s first Very Large Container Ship (VLCS) powered by liquefie...

AI chip venture set to challenge Nvidia, Intel, Google

Back in 2017, the idea of launching a startup to make artificial intelligence (AI) semiconductors prompted many blank stares. It was a fight that coul...

[Interview] IFM Investors upbeat on renewables; wary of power generators

Renewable energy sectors in North America, western Europe and Australia will continue to create attractive investment opportunities, whereas regulator...

GS EPS-Mirae Asset consortium buys 10% stake in US gas power plant

A consortium of South Korean power producer GS EPS Co. Ltd. and Mirae Asset Daewoo Co. Ltd. has agreed to buy a 10% stake in a New Jersey-based gas po...

KB Asset to extend $30 mn credit on Peru power transmission line

KB Asset Management Co. Ltd. has participated in a $170 million refinancing package of a power transmission line in Peru by providing a $30 million se...

KTCU, Mirae Asset to invest $143 mn in debt on Blackstone's power plant: report

The Korean Teachers’ Credit Union (KTCU) and three units of Mirae Asset Financial Group will invest a combined 160 billion won ($143 million) in senio...

NH Investment provides $235 mn financing to US gas power plant

NH Investment & Securities Co. Ltd. has underwritten a $200 million senior debt and a $35 million equity interest for the construction of a natura...

Korean fund, brokerage firm buy UK solar power plant portfolio for $36 mn

The Construction Workers Mutual Aid Association (CWMA) and Korea Investment & Securities Co. Ltd. have invested around 38 billion won ($36 million...

Korea Post invests $60 mn in senior debt on US gas power plants: report

Korea Post has invested $60 million in a seven-year private debt fund to provide a senior loan secured on four US gas-fired power plants, but the inve...

Scientists fund, other Korean investors in $665 mn Japan solar power plant deal

Korea Scientists and Engineers Mutual-aid Association (SEMA) and other South Korean institutional investors will invest an aggregate 150 billion won (...

Korean investors to provide $440 mn financing in their largest US power plant investment

Hana Financial Investment Co. Ltd. and NH Bank of South Korea’s national agricultural cooperative will underwrite an aggregate $400 million of debt ...

Korean insurers invest $118 mn in US power generation portfolio debt

Five South Korean insurance companies have invested $118 million in senior debt of a portfolio of six US thermal power facilities, which are expected ...

Hana Financial joins $269 mn debt financing of two US solar power plants

Hana Financial Investment Co. Ltd. has underwritten $40 million of secured debt, part of $269 million debt financing to fund asset manager Capital Dyn...

Pennsylvania gas power plant to secure $140 mn loans from Korean investors

South Korean banks and institutional investors will provide $140 million in syndicated loans to a US gas-fired plant project in Pennsylvania, part of ...

Hana Financial to arrange $445 mn financing of US gas power plant

Hana Financial Investment Co. Ltd. is tapping South Korean insurers and savings funds to arrange a 500 billion won ($445 million) financing of a new n...

Korean firms to buy $88 mn US power plant-backed debts from US bank

Four South Korean institutional investors will acquire 100 billion won ($88 million) worth of senior debts secured on two US gas-fired power plants fr...

Hana Financial underwrites $75 mn senior debt for US solar power plant

Hana Financial Investment Co. Ltd. has underwritten $75 million senior debts sold by a Swiss private asset manager to fund a US solar power plant acqu...

Two Korean firms make $70 mn senior loans to power plants near Chicago

NH Investment & Securities Co. Ltd. and KEB Hana Bank have made $35 million senior loans each to two power generation facilities near Chicago, acc...

[Interview] Mirae Asset Life eyes US power plants, buildings to boost overseas investment

(This is the first in a series of interviews with CIOs of South Korea’s leading insurance companies in 2017.) Mirae Asset Life Insurance Co. Ltd., ...

Hana becomes first Korean debt arranger for US power plant

Hana Financial Investment’s participation in the recent $1 billion debt financing for a US gas-fired power facility as a lead arranger has made it...