LG Energy, Stellantis to build $4.1 billion battery plant in Canada
The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...
Lotte Confectionery to merge with Lotte Food
Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...
Korea's hotel deals hit record-high $1.4 bn in 2021: JLL
Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...
MBK's $1.2 bn stake sale brings value on par with TPG
North Asia-focused MBK Partners has closed a $1.18 billion deal to sell its 12.5% stake to New York-based Dyal Capital at an equity valuation of nea...
Samsung Electro-Mechanics to invest $245 mn more in capex
South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...
SK Ecoplant eyes H2 2023 Kospi listing
SK Ecoplant Co., South Korea's largest waste management company, said on Monday it has sent a request for proposal to major brokerage companies at h...
ETFs entice Korean investors amid volatile market
South Korean retail investors bought more exchange-traded funds (ETFs) than stocks on the country’s main Kospi in the last six months as the b...
Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market
Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...
POSCO to build largest solid electrolyte plant for batteries
POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...
Visual effects startup VA Corp joins ranks of unicorns
Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...
Seoul to tighten eligibility for institutions to bid for IPOs
South Korea will tighten its eligibility requirements for institutional investors to bid for initial public offerings, a move aimed at cooling the o...
Samsung Electro-Mechanics to focus on IT, automotive electronics sectors
South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...
IONIQ 5, Niro February sales beat global EVs in Europe
Hyundai Motor Group’s electric vehicle sales in Europe are rapidly rising. Hyundai Motor Co.'s IONIQ 5, launched in Norway in May 2021, topped...
Hyundai shuts Russia car plant for 1 wk on parts shortages
Car production at Hyundai Motor Co.'s plant in Russia has been halted since March 1 as the Russia-Ukraine war further aggravated shortages of automo...
LG Elec signs 5G vehicle connectivity deal in Europe
LG Electronics Inc. has signed a deal on 5G vehicle connectivity with a European premium carmaker as the South Korean company is expanding its marke...
Adams Street, Benefit Street, Clearlake join NPS' PE managers
National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...
NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4
National Pension Service (NPS) of South Korea said on Feb. 28 it hired Allspring Global Investments LLC, BlackRock Inc. and Morgan Stanley Investm...
SK Ecoplant raises over $800 mn from Korean PE firms
South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...
LG AI Research: Foundation of group’s long-term future
Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...
Korea’s record household debt may hurt consumption
South Korea’s household debt hit a record on surging property prices, stoking concerns over a slowdown in private consumption in Asia’s ...
SK Ecoplant buys e-waste recycling firm for $1 bn
South Korea's SK Ecoplant Co. has acquired Singapore-based electronic waste (e-waste) disposal and recycling company TES Envirocorp Pte. Ltd for $1 ...
Samsung Bioepis posts $1.26 billion in global biosimilar sales
Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said on Friday that sales of its five biosimilar products in global markets, excludi...
LG launches world’s first 42-inch OLED TV in UK at £1,399
South Korea’s LG Electronics Inc. has launched the world’s first 42-inch OLED TV, which the company said is ideal for game consoles such...
BOK’s mission impossible: To lower both inflation and govt bond yields
South Korea’s central bank is caught in a dilemma as it needs to raise interest rates to curb rising inflationary pressure in Asia’s fou...
PI Advanced up for sale in deal estimated at $1 bn
Seoul-based Glenwood Private Equity is putting a majority stake in South Korea's PI Advanced Materials Co., the world's largest polyimide (PI) film ...
Smilegate’s Lost Ark becomes second most played game on Steam
Smilegate Entertainment Inc.’s Lost Ark has become the second most played game within a couple of days after its launch on Steam, the world&rs...
MBK, IMM to invest over $300 mn in Megazone Cloud
MBK Partners and IMM Private Equity will each be investing 200 billion won ($167 million) in Megazone Cloud Corp., the first South Korean business p...
GS ups spending to take control of botox maker Hugel
South Korea’s energy-to-retail conglomerate GS Group has increased its spending to become the largest shareholder in Hugel Inc., the country's...
Kakao slips below Naver in Q4 revenue
South Korea’s tech giant Kakao Corp. reported 4Q revenue of 1.78 trillion won ($1.5 billion) in 2021, a 45% jump on-year. The figure is slight...
KIC buys $1.9 mn worth of shares in crypto platform Coinbase
Korea Investment Corporation (KIC), managing $205 billion in assets as of the end-2021, has invested in US cryptocurrency exchange platform Coinba...
