Green Investment Group energy transition
Scope
Date
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Energy
Hyundai Heavy Industries Group develops dual LNG-hydrogen engine
Hyundai Heavy Industries (HHI) Group has developed South Korea's first hybrid engine that uses liquefied natural gas (LNG) and hydrogen.The group's ...
Dec 23, 2022 (Gmt+09:00)
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Future mobility
Lotte mulls building transit hubs in retail stores for air taxis, drones
South Korea’s Lotte Engineering & Construction Co. said on Dec. 22 it is considering building vertiports on the rooftops of its retail aff...
Dec 22, 2022 (Gmt+09:00)
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Asset management
US non-agency mortgage-backed securities to shine in 2023: TCW
Amid the tightening of the Federal Reserve, among the most impacted asset classes were agency mortgage-backed securities (MBS), issued by US governm...
Dec 22, 2022 (Gmt+09:00)
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Electric vehicles
LG Uplus enters Korea’s EV charging service market with VoltUp app
LG Uplus Corp., a South Korean mobile carrier, is entering the domestic electric vehicle charging service market by launching a service platform, Vo...
Dec 22, 2022 (Gmt+09:00)
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Healthcare
Naver D2SF makes investment in US sleep tech company PranaQ
Naver Corp.'s startup nurturing organization D2SF has newly invested in PranaQ, a US sleep tech startup. This is the 100th investment since the comp...
Dec 21, 2022 (Gmt+09:00)
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Korean startups
Stayfolio receives $7.7 mn in Series A investment
South Korea's property-rental platform Stayfolio announced on Wednesday that it has won 10 billion won ($7.7 million) worth of additional investment...
Dec 21, 2022 (Gmt+09:00)
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Batteries
LG Chem invests $18.6 million in battery recycler JaeYoung Tech
South Korea's LG Chem Ltd. is accelerating its entry into the North American battery recycling market by joining forces with JaeYoung Tech, a Korean...
Dec 21, 2022 (Gmt+09:00)
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Korean stock market
Mirae Asset introduces AI investment info service
Mirae Asset Securities Co. said on Tuesday it had introduced two domestic stock artificial intelligence (AI) reporting services through its mobile t...
Dec 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
KKR to buy 100% stake in SK E&S' Busan City Gas for $561 mn
Private equity giant KKR & Co. is slated to buy a 100% stake in Busan City Gas Co., wholly owned by South Korean energy company SK E&S Co., ...
Dec 20, 2022 (Gmt+09:00)
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Energy
Samsung Elec's green heat pump takes energy-starved Europe by storm
Samsung Electronics on Monday said its heat pump Eco Heating System (EHS), a green heating and cooling system, has seen explosive sales growth on th...
Dec 20, 2022 (Gmt+09:00)
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Energy
SGC Energy signs 10-year contract to supply liquid CO2
South Korea’s SGC Energy Co. recently signed a contract to supply liquid carbon dioxide to a domestic company for 10 years starting January 20...
Dec 19, 2022 (Gmt+09:00)
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Batteries
LG Energy to spend $3.1 bn on 4680 battery plant in S.Korea
LG Energy Solution Ltd., the world’s No. 2 electric vehicle (EV) battery maker, is poised to spend $3.1 billion on facilities in South Korea t...
Dec 19, 2022 (Gmt+09:00)
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Leadership & Management
Technocrats dominate major Korean companies’ leadership
Technocrats dominated the management of South Korea’s top 10 business groups, as technical specialists with deep understanding of business too...
Dec 19, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor Group sweeps eight Kelley Blue Book Awards
Hyundai Motor Group won eight awards out of 19 categories in this year's Kelley Blue Book Best Buy Awards, the most of any global auto group.Kia Cor...
Dec 19, 2022 (Gmt+09:00)
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Carbon neutrality
SK Group to display eco-friendly tech at next month's CES
South Korea's SK Group next month will display an extended range of carbon-reducing products and technologies at CES 2023, the world's largest exhib...
Dec 19, 2022 (Gmt+09:00)
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Companies
S.Korea's e-commerce platform Plugo secures $9 million in investment
South Korea's Plugo, a comprehensive e-commerce platform based in Singapore, has attracted $9 million in Series A investment, the Silicon Valley, Ca...
Dec 16, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Truston Asset looks to help run Taekwang with 5.8% stake
South Korea's Truston Asset Management has changed the purpose of its stock investment in the chemical and textile company Taekwang Industrial Co. f...
Dec 16, 2022 (Gmt+09:00)
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Korean startups
Korean startup Epikar succeeds in attracting series A investment
Epikar, a car retail digital conversion solution company, said on Thursday that it has succeeded in attracting Series A investment from a number of ...
Dec 15, 2022 (Gmt+09:00)
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Samsung Group
Samsung suspends staff overseas training to cut costs
Samsung Group canceled overseas training for South Korean staff for the first time in 32 years as the country’s top conglomerate tried to cut ...
Dec 14, 2022 (Gmt+09:00)
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Energy
Hyundai Electric joins hands with GE to enter offshore wind power business
Hyundai Electric will advance into the offshore wind power market jointly with GE Renewable Energy.Hyundai Electric, an electric systems spinoff fro...
Dec 14, 2022 (Gmt+09:00)
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Artificial intelligence
Korean startup Mathpresso completes $59 mn Series C investment
Mathpresso, the company that operates the artificial intelligence (AI)-based learning platform Qanda, said on Tuesday that it has completed Series C...
Dec 13, 2022 (Gmt+09:00)
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Electronics
80% of Korea's data centers to use homegrown AI semiconductors by 2030
South Korea by 2030 will upgrade its level of domestic artificial intelligence (AI) semiconductors to the world's best by using the nation's high-pe...
Dec 13, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor Group sells hydrogen fuel cell systems to German firm
Hyundai Motor Group will supply a large quantity of hydrogen fuel cell systems to an eco-friendly truck manufacturer in Europe.South Korea's top c...
Dec 13, 2022 (Gmt+09:00)
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Batteries
LG Energy-GM JV secures $2.5 bn loan from US for EV battery production
South Korean battery maker LG Energy Solution Ltd. said on Wednesday its joint venture with General Motors Co. has attracted $2.5 billion via a loan...
Dec 13, 2022 (Gmt+09:00)
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Research & Development
LG Group seeks future growth engines with new R&D units
LG Group, South Korea’s fourth-largest conglomerate, set up new research and development units at key affiliates to seek future growth engines...
Dec 12, 2022 (Gmt+09:00)
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Energy
Doosan, DL consortium to invest $130 mn in X-Energy for SMR project
A South Korean consortium led by Doosan Enerbility Co. and DL E&C Co. is investing $130 million in X-Energy LLC, a US nuclear reactor and fuel d...
Dec 12, 2022 (Gmt+09:00)
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Electric vehicles
EV charging service firm Scalardata attracts 3 bn won from GS Energy
Scalardata, a South Korean start-up running an electric vehicle (EV) charging infrastructure integration platform "evmodu.kr," announced on Monday t...
Dec 12, 2022 (Gmt+09:00)
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Cloud computing
S.Korea's Bespin Global secures $107 mn from Middle East
South Korea's cloud management company Bespin Global said on Monday that it has secured 140 billion won ($107 million) in investment from e& Ent...
Dec 12, 2022 (Gmt+09:00)
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Automobiles
Hyundai Transys holds consultations for partners to help them move overseas
South Korea's auto powertrain maker Hyundai Transys said on Monday that a total of 23 suppliers received its video consultation assistance for eight...
Dec 12, 2022 (Gmt+09:00)
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Korean startups
SK Energy buys stake in subscription car wash service
South Korea is seeing growth in the variety of services for the rising number of eco-friendly electric vehicles (EVs) on the nation's roads.Industry...
Dec 12, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers