New Green Portfolio
Scope
Date
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Pharmaceuticals
Daewoong Pharmaceutical aims to top $4 bn in sales by 2027
South Korea-based Daewoong Pharmaceutical Co. is hoping to achieve 5 trillion won ($4.4 billion) in sales by 2027, meaning that the company aims to ...
Aug 04, 2021 (Gmt+09:00)
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Korean startups
Korean conglomerates turn to startups to tackle new ventures and ESG
South Korean conglomerates have been reaching out to D.CAMP, the country's largest non-profit foundation for startups, to get in touch with domestic...
Aug 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble bets $2.2 bn on global social casino game market
South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...
Aug 03, 2021 (Gmt+09:00)
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Korean games
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
Jul 30, 2021 (Gmt+09:00)
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Metaverse
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
Jul 26, 2021 (Gmt+09:00)
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Venture capital
LG expands VC portfolio to industrial cyber security
LG Technology Ventures, a venture capital arm of South Korea's LG Group, has diversified its portfolio into the industrial cybersecurity market with...
Jul 26, 2021 (Gmt+09:00)
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Electronics
Samsung to launch much-anticipated QD-OLED TV, expand MicroLED lines
Samsung Electronics Co., the world’s largest TV maker, will launch the much-anticipated QD-OLED TV in the first half of next year, while expan...
Jul 25, 2021 (Gmt+09:00)
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Electronics
Samsung launches upgraded commercial MicroLED display The Wall
Samsung Electronics Co., the world’s largest TV maker, is launching an upgraded model of The Wall, a large-size modular MicroLED display produ...
Jul 19, 2021 (Gmt+09:00)
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Green Cross' two Kosdaq-listed cell therapy arms to merge
South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...
Jul 18, 2021 (Gmt+09:00)
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Capital raising
Korea Inc. rush to sell property, new shares to fund new business
South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...
Jul 16, 2021 (Gmt+09:00)
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Hydrogen economy
Korea forms ambitious public-private green ammonia alliance
South Korea has taken a major step forward in building the hydrogen economy by forming an extensive green ammonia alliance involving 13 private firm...
Jul 16, 2021 (Gmt+09:00)
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Biotech
Korea’s new PCR kits, devices to speed COVID-19 detection
South Korea’s biotechnology companies are releasing polymerase chain reaction (PCR) kits and equipment to detect COVID-19 infections within an...
Jul 15, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chemical goes green with $3.8 bn investment in hydrogen business
South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...
Jul 13, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Jul 13, 2021 (Gmt+09:00)
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Automobiles
Samsung Electro-Mechanics targets EV parts
Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...
Jul 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Debt-ridden Ssangyong to sell car plant in self-rescue drive
Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...
Jul 12, 2021 (Gmt+09:00)
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Venture capital
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...
Jul 09, 2021 (Gmt+09:00)
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Airlines
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...
Jul 08, 2021 (Gmt+09:00)
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Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Jul 02, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC aims to boost alternatives to 25% by 2027
The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...
Jul 01, 2021 (Gmt+09:00)
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Corporate bonds
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...
Jul 01, 2021 (Gmt+09:00)
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Naver expands ties with CJ Group into OTT platform
South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OTT) services provider TV...
Jul 01, 2021 (Gmt+09:00)
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Insurance
Taiwan’s Fubon Life raises stake in Korean unit via $405 mn rights offer
Fubon Life Insurance Co., a unit of Taiwan’s Fubon Financial Holding Co., has raised its stake in a Korean joint venture with Hyundai Motor Gr...
Jun 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout
Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...
Jun 24, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor, Grab deepen partnership for EV adoption in Southeast Asia
South Korea’s Hyundai Motor Group and Grab Holdings Inc. have agreed to strengthen their partnership in mobility services to accelerate the ad...
Jun 23, 2021 (Gmt+09:00)
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Korean chipmakers
DB HiTek in quandary over foundry ramp-up amid chip supercycle
DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...
Jun 23, 2021 (Gmt+09:00)
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Culture & Trends
Naver's Line makes remote working the new norm; who will be next?
South Korea-based Line Plus Corp. is set to become the country's first large business group to allow employees to work from home permanently. T...
Jun 18, 2021 (Gmt+09:00)
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Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...
Jun 18, 2021 (Gmt+09:00)
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Automobiles
Hyundai Mobis unveils new grille technology for EVs
South Korea’s largest auto parts maker Hyundai Mobis announced on June 17 that it has developed a new grille technology that allows drivers to...
Jun 18, 2021 (Gmt+09:00)
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Korean startups
PigUp targets MZ consumers with new meat culture
South Korea's island of Jeju is famous for its native citrus and pork. It's also where Shin Woo-sup, the founder of startup studio Futurera, came up...
Jun 16, 2021 (Gmt+09:00)
Latest News
- 1 Xiaomi to open first offline store in S.Korea with premium products
- 2 Loss-making Lotte Chemical to sell water treatment unit to Synopex
- 3 Google to invest $100 mn in Gentle Monster in smart glasses push
- 4 Growth equity portfolio largely shielded from policy headwinds: Summit
- 5 Naver Financial seeks to acquire S. Korean real estate data platform Asil