Green Investment Group energy transition
Scope
Date
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Mergers & Acquisitions
Vale, two Korean firms to sell JV to ArcelorMittal at a loss
Brazilian mining giant Vale SA and two South Korean steelmakers are selling their joint venture in Brazil at less than half their investment in six ...
Jul 29, 2022 (Gmt+09:00)
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Steel
POSCO, Krakatau to expand Indonesia steel mill for $3.5 bn
South Korea’s POSCO Group and Indonesia’s state-run Krakatau Steel plan to jointly invest $3.5 billion in building a blast furnace and a...
Jul 28, 2022 (Gmt+09:00)
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Batteries
LG Energy shrugs off slowing economy as demand grows
South Korea’s top battery maker LG Energy Solution Ltd. on Wednesday unveiled its ambitious goals for revenue and operating margins as electri...
Jul 27, 2022 (Gmt+09:00)
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Corporate investment
Nonferrous metals conglomerate Poongsan to invest $236 mn
South Korean nonferrous metals conglomerate Poongsan Corp. announced it will invest 313 billion won ($238 million) in facilities to manufacture rech...
Jul 27, 2022 (Gmt+09:00)
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Corporate investment
SK to build first chip packaging plant in US with $22 bn investment
WASHINGTON DC – SK Group, South Korea’s second-largest conglomerate, said on Wednesday it will build its first memory chip packaging fac...
Jul 27, 2022 (Gmt+09:00)
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Batteries
LG Energy, China’s Huayou Cobalt to build battery recycling joint venture
South Korea’s top battery maker LG Energy Solution Ltd. and China’s mining company Zhejiang Huayou Cobalt Co. have agreed to launch a ba...
Jul 26, 2022 (Gmt+09:00)
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Carbon neutrality
Soaring renewable energy costs haunt top Korean firms
Major South Korean conglomerates are stepping up efforts to switch to renewable energy, driving their electricity costs sharply higher amid low supp...
Jul 26, 2022 (Gmt+09:00)
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Waste management
SK Chem to build plastic recycling plants in China
SK Chemicals Co. plans to build plastic recycling plants in China in partnership with a Chinese eco-friendly materials supplier as its parent SK Gro...
Jul 25, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung presents Texas with $200 bn chip investment plan proposition
Samsung Electronics Co., the world’s top memory chipmaker, has presented a tax break proposal to the State of Texas as part of its plan to inv...
Jul 22, 2022 (Gmt+09:00)
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Automobiles
LG Energy to double Ford battery pack production line in Poland
LG Energy Solution Ltd., SK Innovation Co., and other South Korean companies are poised to strengthen their business ties with Michigan-based Ford M...
Jul 22, 2022 (Gmt+09:00)
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Real estate
Development will outperform in post-COVID era: Principal Real Estate
Real estate is in the global investor spotlight amid skyrocketing inflation. However, not all property sectors or locations will offer the same infl...
Jul 22, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Carbon neutrality
Korean DL E&C to enter SMR biz with Canada’s Terrestrial
South Korea’s construction company DL E&C Co. is set to make inroads into the small modular reactor (SMR) business for future growth ...
Jul 21, 2022 (Gmt+09:00)
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Mergers & Acquisitions
POSCO Int'l tipped to merge with affiliated LNG terminal firm
POSCO International Co., a South Korean trading company, has embarked on a merger with its affiliate POSCO Energy Co. as their parent group is seeki...
Jul 20, 2022 (Gmt+09:00)
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Asset management
DigitalBridge names Korean Tae Ahn as Asia capital formation head
DigitalBridge Group Inc., a US digital infrastructure investment firm, announced on July 19 it has appointed South Korean Tae E. Ahn as managing d...
Jul 20, 2022 (Gmt+09:00)
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Private equity
SK Square makes its first exit seeking new target firms
South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...
Jul 20, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
Jul 20, 2022 (Gmt+09:00)
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Entertainment
Seoul to lure visitors with themed tours, video featuring BTS
Seoul, the capital of South Korea, is kickstarting efforts to attract foreign visitors with new tour programs and a promotional video featuring the ...
Jul 19, 2022 (Gmt+09:00)
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Real estate
IGIS, KKR to buy Shinhan Investment HQ for $487 mn
A consortium led by South Korea’s IGIS Asset Management Co. and US private equity giant KKR & Co. is set to acquire Shinhan Investment Cor...
Jul 19, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s Supernal showcases flying electric car at UK air show
Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...
Jul 19, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Jul 18, 2022 (Gmt+09:00)
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Korean startups
Science content provider Geekble raises $3.8 mn in bridge investment
Geekble, operator of the YouTube science channel of the same name, has raised 5 billion won ($3.8 million) in bridge investment, the company said on...
Jul 18, 2022 (Gmt+09:00)
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Artificial intelligence
AI-powered translation startup XL8 raises $2.7 million in bridge investment
Artificial intelligence-powered translation startup XL8 Inc. said on Monday it raised 3.6 billion won ($2.7 million) in a bridge round prior to Seri...
Jul 18, 2022 (Gmt+09:00)
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Hydrogen economy
SK E&S to invest $25 mn in turquoise hydrogen firm Monolith
SK E&S Co., the natural gas business unit of South Korea’s SK Group, said on Monday it is set to invest $25 million in US turquoise hydrog...
Jul 18, 2022 (Gmt+09:00)
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Corporate investment
Korea to raise cash support on foreign investments in key sectors
South Korea plans to spend more cash on attracting foreign investments in high-tech and core supply chain industries as foreign direct investment to...
Jul 18, 2022 (Gmt+09:00)
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ESG
LG Uplus aims to recycle 100% of industrial waste in 3 years
LG Uplus Corp. announced it will recycle 100% of industrial waste from its plants by 2025.The mobile network arm of LG Corp. published a report titl...
Jul 18, 2022 (Gmt+09:00)
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Robotics
LG stands out among conglomerates in race to strengthen robotics arms
South Korean conglomerates are rushing to nurture their robotics businesses, encouraged by surging demand for robots in the service industry.LG Elec...
Jul 15, 2022 (Gmt+09:00)
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Aerospace & Defense
South Korea’s Mirae Asset Group bets $100 million on SpaceX
Mirae Asset Securities Co. is poised to invest $100 million in US spacecraft and satellite communication corporation SpaceX. The South Korean f...
Jul 15, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korea’s HMM to invest $11 bn in ships, eco-friendly fuels
South Korea’s largest container line HMM Co. is set to spend 15 trillion won ($11.4 billion) by 2026 to diversify business amid the volatility...
Jul 14, 2022 (Gmt+09:00)
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Corporate strategy
LS Group to bolster batteries, EVs and chipmaking, chairman says
South Korean conglomerate LS Group is seeking business opportunities in the materials and parts sectors led by the fast-growing battery, electric ve...
Jul 14, 2022 (Gmt+09:00)
Latest News
- 1 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 2 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 3 President Lee: Businesses at center of policy priorities for economic growth
- 4 Samsung supplies HBM3E to AMD’s new accelerators
- 5 Seoul agrees to reduce Jakarta’s KF-21 cost share by two thirds