Hyundai, LG Energy break ground on $1.1 bn Indonesia battery plant
Hyundai Motor Co. and LG Energy Solution Ltd. have begun construction of a $1.1 billion battery cell plant in Indonesia as the two South Korean comp...
SK E&S eyes $30 billion corporate value as top hydrogen company
SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...
Chinese, Korean carmakers penetrate Japanese-dominated Indonesia
Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...
SK Group’s holding firm to absorb SK Materials in corporate restructuring
SK Inc., the investment and holding company of SK Group, will absorb SK Materials Co., the group’s industrial gas manufacturing affiliate, in ...
Korean unicorns winning talent war against global IBs
South Korean unicorn startups are soaking up talent from global investment banks (IBs) and brokerage houses. Junior and senior financial market spec...
Brazil gives emergency use nod for Celltrion’s COVID-19 treatment
South Korean drugmaker Celltrion Inc. has added Brazil to the list of countries that have granted emergency use approval for its COVID-19 treatment ...
Lotte to resume $4.4 bn Indonesia petrochemical project next year
Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
Delta variant, rate hike views hurt Korean lower-rated corporate bond sales
South Korean companies with low credit ratings around BBB are suffering weaker demand in the primary market. A spread in the Delta coronavirus varia...
Indonesia grants emergency use approval for Celltrion’s COVID-19 treatment
South Korean drugmaker Celltrion Inc. has received the Indonesian government’s permission for restricted use of its COVID-19 treatment Regkiro...
KT to raise $300 mn in dollar bond at record-low rates
KT Corp., a South Korea's telecom company, is set to raise $300 million in a dollar corporate bond at the lowest interest rate for its foreign curre...
Indonesia's HappyFresh draws half of new funding from Korea
Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...
KOGAS, Hyundai Motor Turkish unit issue foreign currency bonds at narrower spreads
Korea Gas Corp. (KOGAS) and Hyundai Motor Co.’s Turkish unit sold foreign currency corporate bonds at narrower spreads than their initial targ...
POSCO International, Pertamina seek joint oil, gas development off Indonesia
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with Indonesia’s PT Pertamina Hulu Energi (PHE) to look...
Korean corporate bonds suffer from cooling investor sentiment
South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...
Hana Financial partners with Line to launch digital bank in Indonesia
Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...
Korea’s bakery franchises target Southeast Asia for growth opportunities
South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...
Korea’s corporate HQ buildings are becoming clean power generators
ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
SK Telecom to retire $2.3 bn treasury shares amid corporate split-off
South Korea’s largest mobile carrier SK Telecom Co. said on Tuesday it will retire 8.69 million treasury shares worth 2.6 trillion won ($2.3 b...
Hyundai Motor's Indonesia unit issues $300 mn bond
PT Hyundai Motor Manufacturing Indonesia (HMMI) has raised $300 million in a five-year bond sale to fund the construction of its first production li...
Genexine exports COVID vaccine candidate to Indonesia
Genexine Inc., one of the five South Korean pharmaceutical companies whose COVID-19 vaccine candidates have entered clinical trials, will export its...
Corporate storytelling: S.Korean firms' next growth key
South Korea’s major companies are increasingly adopting corporate storytelling as a means of rebranding their identities.As the companies enjo...
KT to build high-speed satellite network in Indonesia
KT Sat Co., a satellite subsidiary of South Korea’s telecom giant KT Corp., will set up a high-speed satellite telecom network in Indonesia&rs...
Naver invests $150 million in Indonesia’s No.1 media group Emtek
South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...
Daesang marks Indonesia as hub for Middle East expansion
South Korea-based Daesang Corp. plans to beef up investment in Indonesia as part of its strategy to foster future growth drivers and to tap into the...
ESG becomes name of the game on Korean corporate boards
South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards ...
Hanjin Heavy set for sale to Dongbu-led consortium
A South Korean consortium led by construction firm Dongbu Corp. has been picked as the preferred negotiator to buy a controlling stake in cash-strap...
Hanjin chairman receives honorary gold medal from France
Hanjin Group Chairman Cho Won-tae has been awarded an honorary medal from the French government for the company’s diplomatic contribution, a...
LG Energy Solution, Indonesia sign MOU on battery cooperation
LG Energy Solution, the battery unit of LG Chem Ltd., has signed a memorandum of understanding with the Indonesian government’s investment aut...
