POBA targets upper-middle market in North America for PD investment

POBA targets upper-middle market in North America for PD investment

Public Officials Benefit Association (POBA) of South Korea will keep its conservative stance in both private equity and private debt investment, whi...

Korean companies rapidly embrace ESG in management standards

Korean companies rapidly embrace ESG in management standards

South Korea’s big companies are rapidly embracing environmental, social and governance (ESG) standards by launching a dedicated ESG team to me...

Hyundai to invest $10.5 bn in US EV, future mobility sectors

Hyundai to invest $10.5 bn in US EV, future mobility sectors

Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...

Hyundai, Kia to inject $16.6 bn into EV production in South Korea 

Hyundai, Kia to inject $16.6 bn into EV production in South Korea 

The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...

LG Energy, SK On to add prismatic types to EV cell lineups

LG Energy, SK On to add prismatic types to EV cell lineups

LG Energy Solution Ltd. and SK On Co., the world’s No. 2 and No. 5 battery makers, respectively, are set to add prismatic batteries to their l...

Volkswagen partner SoluM eyes top spot in global ESL market

Volkswagen partner SoluM eyes top spot in global ESL market

SoluM Co., a South Korean mid-sized electronic component maker, is eyeing record performance this year, thanks to orders from Volkswagen AG and Elon...

SK On bolsters M&A team with new executive hires

SK On bolsters M&A team with new executive hires

SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...

Korea’s Iljin to build $391 mn battery materials plant in Spain

Korea’s Iljin to build $391 mn battery materials plant in Spain

South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...

Startup accelerator D.Camp opens Busan office

Startup accelerator D.Camp opens Busan office

For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...

Korea's top real estate managers bulk up assets in COVID-19

Korea's top real estate managers bulk up assets in COVID-19

Real estate funds in South Korea have increased by 27% to 130 trillion won ($101.4 billion) from 102 trillion won over the past two years, accordi...

Yoon admin to expand KIC's fund management base

Yoon admin to expand KIC's fund management base

South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...

LG Energy completes LFP battery development for Tesla

LG Energy completes LFP battery development for Tesla

South Korea’s LG Energy Solution Ltd., the world’s No. 2 battery producer, boosted its muscle to court industry leader China’s Con...

LG Energy begins joint research on smart factory tech with elite institute

LG Energy begins joint research on smart factory tech with elite institute

LG Energy Solution Ltd. and Pohang-based Research Institute of Industrial Science and Technology (RIST) announced Wednesday they will embark on join...

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...

Hyundai likely to unveil US EV plant plans in May

Hyundai likely to unveil US EV plant plans in May

Hyundai Motor Co. is preparing to announce a plan to build its first electric vehicle plant in the US, a source familiar with the matter said on Mon...

POBA targets PE in tech, bio, healthcare in long term, CIO says

POBA targets PE in tech, bio, healthcare in long term, CIO says

Public Officials Benefit Association (POBA) of South Korea will keep its focus on steady cash flow while strengthening profitability, its Chief Inve...

Korea’s SFA Engineering aims for top spot in smart factory market

Korea’s SFA Engineering aims for top spot in smart factory market

SFA Engineering Corp., a small South Korean equipment maker, has for decades been known for its automated machines used in the manufacture of displa...

Korea’s new govt. aims to export 10 nuclear power plants

Korea’s new govt. aims to export 10 nuclear power plants

South Korea’s incoming administration seeks to export 10 nuclear power plants by 2030 as President-elect Yoon Suk-yeol pledged to rescind the ...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

NPS to step back from management of Hanjin KAL

NPS to step back from management of Hanjin KAL

National Pension Service (NPS) of South Korea has decided to shift its objective in holding shares of Hanjin KAL Corp., the parent company of Korean...

SK, BlackRock team to bet on EV charging station maker

SK, BlackRock team to bet on EV charging station maker

  SK Inc., the holding company of South Korean conglomerate SK Group, has committed to invest $5 million in US electric vehicle charging stati...

LS Group revs up to enter EV charging business

LS Group revs up to enter EV charging business

South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...

Hyundai Mobis taps two Japanese auto experts to boost sales

Hyundai Mobis taps two Japanese auto experts to boost sales

South Korea’s Hyundai Mobis Co. has tapped two Japanese auto experts to accelerate its business in Japan, the company announced on April 27. T...

LG Energy to spend more on battery capacity expansion

LG Energy to spend more on battery capacity expansion

LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, plans to spend more on global capacity expansion than init...

SK buys power semiconductor maker for EV chip business

SK buys power semiconductor maker for EV chip business

SK Group, South Korea’s third-largest conglomerate, has geared up its electric vehicle chip business development with the acquisition of a loc...

Lotte Chemical, Soelect in $200 million JV for advanced batteries

Lotte Chemical, Soelect in $200 million JV for advanced batteries

South Korea’s Lotte Chemical Corp. is advancing into the electric vehicle battery market by forming a $200 million joint venture with US batte...

Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook

Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook

South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...

Jay Y. Lee absence raises risks for Samsung chip biz

Jay Y. Lee absence raises risks for Samsung chip biz

Samsung Electronics Co. is losing its hegemony in the global semiconductor market as a sustained leadership vacuum has kept the world’s top me...

LG Chem, Korea Zinc to set up battery material JV

LG Chem, Korea Zinc to set up battery material JV

LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age Organic food chain Chorocmaeul up for sale amid liquidity woes Samsung to unveil 1st triple-folding smartphone by year’s end to rival Huawei’s Mate X2 Tri-Fold IMM Credit closes $700 mn blind credit fund backed by NPS BOK chief warns household debt near tipping point, keeps rates steady