Institute of Information and Communication Technology Planning
Scope
Date
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Private equity
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
Jan 13, 2022 (Gmt+09:00)
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Pharmaceuticals
ABL Bio in $1.06 bn deal with Sanofi for Parkinson's disease treatment
South Korea’s ABL Bio Inc. has signed a $1.06 billion contract to license out its technology for a Parkinson's disease treatment candidate t...
Jan 12, 2022 (Gmt+09:00)
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CES 2022
Hyundai to sell half of cars in US with eco-friendly models by 2030
Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...
Jan 10, 2022 (Gmt+09:00)
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Short selling
Kospi short sales hit $639 mn amid rate hike woes
Short selling on the Korean stock market is soaring rapidly on concerns over the US Fed Reserve’s interest rate hike. Particularly, a large ...
Jan 07, 2022 (Gmt+09:00)
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Metaverse
Biotech firm EDGC embarks on metaverse journey
EONE-DIAGNOMICS Genome Center Co. ( EDGC ) announced this week it would participate in AI Human Metaverse Project consortium – along with seven ...
Jan 05, 2022 (Gmt+09:00)
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Automobiles
Self-driving car stocks to lead auto sector shares in 2022
Self-driving car-related shares failed to draw attention last year as investors focused on electric vehicles and the autonomous vehicle value chain ...
Jan 05, 2022 (Gmt+09:00)
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Shareholder value
POSCO plans to cancel treasury shares in its holding firm
Top management of South Korea's POSCO Co. has decided to cancel treasury shares in its to-be-launched holding company, in an effort to win sharehold...
Jan 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air’s post-merger plan hits snag after conditional approval
Korean Air Lines Co. faces growing pressure from the country’s antitrust regulator to drastically adjust its post-merger integration plans aft...
Jan 04, 2022 (Gmt+09:00)
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Artificial intelligence
SK Telecom taps AI expert as new technology chief
SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...
Jan 04, 2022 (Gmt+09:00)
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BTS’ NFT venture hits sour note with fans
SEOUL—When BTS unveiled plans last month to break into the NFT business, the South Korean boy band’s supporters revolted online, threate...
Jan 03, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s heir apparent to unveil future vision at CES 2022
Hyundai Heavy Industries Group’s heir apparent will introduce the future vision of the world’s largest shipbuilder at an upcoming US tra...
Dec 30, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Engineering to make hydrogen from plastic waste
Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...
Dec 22, 2021 (Gmt+09:00)
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Steel
Korean steel mills rush to secure metal scrap from abroad
South Korean steelmakers, led by POSCO Co., are rolling up their sleeves to secure metal scrap as they are shifting into less carbon-intensive steel...
Dec 20, 2021 (Gmt+09:00)
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Future mobility
Nexen Tire invests in US urban air mobility startup ANRA Technologies
Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...
Dec 20, 2021 (Gmt+09:00)
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Biotech
Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug
MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...
Dec 15, 2021 (Gmt+09:00)
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Private equity
EQT chairman sees technology and services as attractive sectors in Korea
High price tags of target companies can be justified if you understand long-term trends of the industry and have expertise in the sectors, Conni Jon...
Dec 15, 2021 (Gmt+09:00)
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Batteries
LG Energy to adopt Siemens' digital factory technology
South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...
Dec 14, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy, DSME merger set for collapse on expected EU veto
The European Union’s expected objection to the combination of the world’s two largest shipbuilders – Hyundai Heavy Industries Co. ...
Dec 12, 2021 (Gmt+09:00)
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Corporate restructuring
POSCO approves holding company plan for eco-friendly business
South Korea’s POSCO Co. is set to split off the company to launch an investment holding firm, 21 years after its privatization. The move aims ...
Dec 10, 2021 (Gmt+09:00)
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Metaverse
Cybersecurity stocks market darlings on rise of metaverse
Just a couple of years ago, the prevalent market view on the cybersecurity industry was that it would go downhill rather than prosper as public orga...
Dec 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Dec 09, 2021 (Gmt+09:00)
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Economy
Mortgage loan growth slows to near four-year low in November
Mortgage loan growth at banks in South Korea slowed to near a four-year low in November, on the back of tightened lending rules and an interest rate...
Dec 09, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis to unveil two future concept cars via metaverse at CES 2022
South Korea’s largest auto parts maker Hyundai Mobis Co. said on Wednesday it is unveiling two future mobility concept cars at the upcoming CE...
Dec 08, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Galaxy Z Flip3 picked as Korea’s top mobile technology 2021
Samsung Electronics Co.'s latest flip phone, the Galaxy Z Flip3, has been chosen by South Korea’s science ministry as the country’s...
Dec 07, 2021 (Gmt+09:00)
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AgTech
Korea sets up smart farm in UAE, envisions more projects in Middle East
South Korea is building a smart farm in the Middle East desert with technology enabling the growth of various crops while minimizing water consumpti...
Dec 07, 2021 (Gmt+09:00)
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Private equity
Partners Group attracts Korea Post and local insurers to PE funds
Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...
Dec 06, 2021 (Gmt+09:00)
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ROK-U.S. SCM
US and South Korea to update wartime plans for North Korea
SEOUL—The U.S. and South Korea said they would update their joint wartime contingency plans for North Korea, as the Kim Jong Un regime has&n...
Dec 03, 2021 (Gmt+09:00)
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Corporate restructuring
POSCO mulls holding company structure to raise enterprise value
South Korea's largest steelmaker POSCO is considering splitting up the company to launch an investment holding firm as part of efforts to enhan...
Dec 01, 2021 (Gmt+09:00)
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Alternative investments
NPS adds Warburg Pincus as real estate asset manager in Q3
The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...
Dec 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Japan's Aeon proceeds with plan to sell Ministop Korea
Japan's Aeon Co. has received preliminary bids for its wholly-owned subsidiary of Ministop Korea, which is estimated at around 200 billion won ($170...
Nov 30, 2021 (Gmt+09:00)
Latest News
- 1 MBK-invested Homeplus looks for new owner as M&A emerges as option
- 2 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 3 S.Korea’s No.1 dried seaweed firm Kwangcheonkim on market for $295 mn
- 4 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 5 S.Korea eases path for foreign REITs in senior housing push