Hanwha partially sells stake in controversial Nikola

Hanwha Group has made a partial exit from Nikola Corporation, one of the most controversial firms in the US hydrogen sector. Green Nikola Holdings L...

Eyegene to kick off Korea’s first mRNA clinical trial

Eyegene Inc. will be South Korea’s first vaccine maker to conduct clinical tests of messenger ribonucleic acid (mRNA) COVID-19 vaccines. Ealie...

Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...

Netflix loses first court case over network usage fee

Global streaming giant Netflix Inc. lost a South Korean court case on Friday, in the world's first ruling over a dispute about whether over-the-top ...

Hanwha to buy $900 mn Hanwha General shares from Samsung

Two Hanwha Group units have decided to buy the remaining stake in their affiliate Hanwha General Chemical Co. for 1 trillion won ($880 million) from...

Seoul to host EV-only Formula E World Championship in 2022

South Korea’s capital Seoul will be finally hosting the ABB FIA Formula E World Championship in August 2022, with BTS as the global ambassador...

Delivery service provider Barogo wraps up $72 mn Series C round

Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...

Hanwha Systems’ $1 bn rights offer oversubscribed; investors to book gains

South Korea’s Hanwha Systems Co. is set for a successful rights offering as the defense and air mobility unit of Hanwha Group has garnered str...

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...

Hanwha Systems to launch $1.1 bn rights issue in June

Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch ...

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

Downtown Seoul office building prices rise to record high

Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...

Hanwha, KAIST to co-launch space research center

Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university,...

Hanwha Group secures $4.4 bn from KDB to finance ESG business

South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...

Korean Air joins race for flying car business to rival Hyundai, Hanwha

Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...

Hanwha Defense readies full-scale USV development

Hanwha Defense Co., a wholly owned defense solutions subsidiary of Hanwha Aerospace Co., got the go-ahead from South Korea’s defense procureme...

Hanwha challenges monopoly in S.Korea’s nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...

Hanwha Solutions to raise 1 billion yuan in ESG bonds

South Korea’s leading renewable energy company Hanwha Solutions Corp. plans to raise 1 billion Chinese yuan ($153 million) this month in green...

Hanwha Solutions eyes $300 mn green dim sum bond issue

Hanwha Solutions Corp., a South Korean petrochemical and renewable energy company, plans to raise 2 billion yuan ($300 million) in a green bond issu...

Hanwha seeks to acquire Overair; invest in satellite, drone companies

Hanwha Systems Co., the defense and information technology service unit of Hanwha Group, is seeking to purchase the entire stake of US air taxi star...

Hyosung TNC’s Love Seoul made of recycled PET bottles

Hyosung TNC Corp., a South Korean textile and yarn maker, has unveiled garments made of eco-friendly polyester yarn extracted from recycled PET bott...

Hanwha launches group-wide task force to bolster space business

Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...

Hanwha Group leader Kim Seung-youn returns to management

Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...

Blackstone to open Seoul office for improved communication

The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...

Hanwha Solutions to sell $1.3 bn new shares in clean energy push

Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...

LG, SK, Hanwha accelerate shift to renewable energy with push for RE100

Following in the footsteps of SK Group, which last year declared that it will switch to renewable energy for plant operations, a number of South Kor...

Seoul office building transactions at record high in 2020

Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...

Seoul to lower bar for M&As; easing rules over PEF deals

South Korea’s Fair Trade Commission (FTC) is lowering the bar for mergers and acquisitions by including potential rivals, which have yet to en...

Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...