Hyosung Group
Scope
Date
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Leadership & Management
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Feb 26, 2021 (Gmt+09:00)
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Joint Ventures
SK Group to sell stake in petrochemical arm; seeks global partnership
South Korea’s third-largest conglomerate SK Group is eyeing a joint venture with a global petrochemical firm as part of the group’s stra...
Feb 23, 2021 (Gmt+09:00)
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Shareholder value
Young, female, foreign: Hyundai Motor Group’s new BOD
South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...
Feb 21, 2021 (Gmt+09:00)
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Leadership & Management
LS Group chairman touted as new KITA head
The Korea International Trade Association (KITA) is expected to begin the appointment process for its new chair this week. South Korean conglomerate...
Feb 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Match Group buys Korean video chat startup for $1.73 bn
Match Group, the operator of the world’s largest dating app Tinder, has agreed to buy 100% of South Korea’s leading video chat startup...
Feb 10, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Hyosung TNC: Shifting from yarn maker to eco-fashion trendsetter
Hyosung TNC Corp., known for decades as a nylon and fiber yarn maker, has launched a clothing brand unveiling garments made of recycled polyester ...
Feb 09, 2021 (Gmt+09:00)
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Hydrogen economy
Hyosung, Linde to create world's largest liquid hydrogen plant
South Korea-based Hyosung Heavy Industries Corp. and global industrial gas supplier Linde plc. have agreed to establish the world's largest liquid h...
Feb 05, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Three Korean consortiums in final bid for Hanjin Heavy
South Korea’s Hanjin Heavy Industries & Construction Co. has drawn three final bidding groups comprised of domestic companies and private ...
Dec 14, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor says group chief to buy 20% of Boston Dynamics
Hyundai Motor Group Chairman Chung Euisun has agreed to take a 20% stake in Boston Dynamics Inc. as part of the South Korean group’s acquisiti...
Dec 11, 2020 (Gmt+09:00)
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Fiber & Textile
Hyosung to expand spandex capacity on home clothing demand
Hyosung TNC Corp, the world’s largest spandex manufacturer, will spend $36 million to nearly double its production capacity in Brazil to mee...
Dec 03, 2020 (Gmt+09:00)
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Leadership & Management
LG to hive off trading, four other units into new group
South Korea’s fourth-largest conglomerate LG Group will split off its trading arm LG International Corp. and four other non-core units into a ...
Nov 26, 2020 (Gmt+09:00)
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Leadership & Management
LG Group ex-chair eyes spin-off of trading, logistics units
LG Group’s ex-Vice Chairman and senior advisor Koo Bon-joon is in talks to take the trading arm LG International Corp. and other non-core units ...
Nov 16, 2020 (Gmt+09:00)
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REITs
SK Group mulls headquarters buyback through REIT
Energy-to-telecom-focused SK Group is considering buying back its headquarters in Seoul through a real estate investment trust (REIT) vehicle after th...
Nov 16, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, SP Group to expand EV battery business in Singapore
Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...
Nov 12, 2020 (Gmt+09:00)
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Fiber & Textile
Hyosung pumps $53 mn into Turkey spandex factory expansion
South Korea's textile maker Hyosung TNC Corporation has invested 60 billion won ($52.8 million) to expand its spandex production facility in Cerkezkoy...
Nov 02, 2020 (Gmt+09:00)
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ESG
Hyosung’s recycled yarn from PET bottles lures fashion brands
Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...
Oct 13, 2020 (Gmt+09:00)
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M&As
Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal
Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...
Oct 07, 2020 (Gmt+09:00)
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League table
Credit Suisse lead-manages Doosan Group’s restructuring deals
Credit Suisse handled three restructuring deals worth a combined 1.2 trillion won ($1 billion) for South Korea’s Doosan Group and 1.5 trillion w...
Oct 05, 2020 (Gmt+09:00)
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IPOs
Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses
Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...
Oct 05, 2020 (Gmt+09:00)
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M&As
Lotte Group to invest $258 mn in Doosan Solus to boost footing in EV market
Lotte Group will commit 300 billion won ($257.5 million) to Doosan Solus Co., a battery copper foil and OLED materials maker acquired by SkyLake Inves...
Sep 23, 2020 (Gmt+09:00)
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Restructuring
Kumho Asiana Group eyes sale of affiliate golf course and resort
Kumho Asiana Group, the parent company of cash-strapped Asiana Airlines Inc., plans to put up affiliate Kumho Resort for sale as part of self-rescue m...
Sep 21, 2020 (Gmt+09:00)
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Venture capital
KB Investment bulks up VC funds as parent group drives SE Asia expansion
KB Investment Co., the venture capital arm of South Korea’s KB Financial Group, is raising 100 billion won ($86 million) in a fund to invest in ...
Sep 21, 2020 (Gmt+09:00)
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Electric vechicle
Urgent need to expand Korea's EV charging infrastructure: lobby group
It is critical that the South Korean government and carmakers swiftly move to increase local charging stations for electric vehicles and secure raw ma...
Sep 17, 2020 (Gmt+09:00)
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Bio
Celltrion group tipped to exceed 1 trillion won in profit; first among bio firms
South Korea’s Celltrion Inc. and its affiliates are expected to post robust operating profits this year on the back of strong sales of Remsima a...
Sep 15, 2020 (Gmt+09:00)
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M&A
Bakery franchise Tous Les Jours draws Affirma Capital, chemical group as bidders
Bakery franchise Tous Les Jours, a division of CJ Foodville Corp., has drawn four preliminary bidders for its sale, including Singapore-based Affirma ...
Sep 11, 2020 (Gmt+09:00)
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Private equity
IMM PE to sell Hollys Coffee to Korean chemical-to-steel group
Seoul-based IMM Private Equity is in the final stages of talks to sell South Korea’s Hollys Coffee to the country’s chemical- to steel-foc...
Sep 09, 2020 (Gmt+09:00)
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Doosan Group
Doosan Group inks sale of copper foil maker to PEF SkyLake for $588 mn
Doosan Group has agreed to sell Doosan Solus Co. Ltd., a copper foil and OLED materials maker, to South Korean private equity firm SkyLake Investment ...
Sep 04, 2020 (Gmt+09:00)
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Private equity
Carlyle Group to exit from Korean OEM apparel exporter in seven years
The Carlyle Group has sold off its stake in South Korea's Yakjin Trading Corp., an original equipment manufacturer (OEM) for global brands such a...
Aug 21, 2020 (Gmt+09:00)
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IPO
SK to invest $300 million in ChinData Group by joining in pre-IPO share sale
SK Corp. is investing $300 million (360 billion won) in Chinese data center operator ChinData Group as the South Korean company seeks to benefit from ...
Aug 10, 2020 (Gmt+09:00)
Latest News
- 1 Coupang bids for Korean luxury market dominance with Farfetch
- 2 Hyundai Rotem set to finalize $6 bn K2 tank order from Poland
- 3 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 4 Korea to allow non-profits to buy bad consumer loans
- 5 LG to drive future growth in emerging markets with battery prowess