SK Hynix to set up US NAND firm led by Intel’s senior vice president

SK Hynix to set up US NAND firm led by Intel’s senior vice president

SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...

Hyundai quadruples sales of eco-friendly cars in US

Hyundai quadruples sales of eco-friendly cars in US

Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...

SK's battery unit split-off drives polarized responses

SK's battery unit split-off drives polarized responses

The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...

LG Group to put facility management unit of S&I Corp. up for sale

LG Group to put facility management unit of S&I Corp. up for sale

South Korea’s LG Group will put the facility management division of its affiliate S&I Corp. up for sale amid talk that a sale of the unit ...

SK Innovation to split battery unit in October, seeks IPO

SK Innovation to split battery unit in October, seeks IPO

South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...

KKR, IMM PE in bid for SK E&S' $2 bn preferred shares

KKR, IMM PE in bid for SK E&S' $2 bn preferred shares

KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...

Hyundai, Kia US sales slower despite strong growth

Hyundai, Kia US sales slower despite strong growth

Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...

Samsung Group joins Kakao in Bank of Korea’s digital currency project

Samsung Group joins Kakao in Bank of Korea’s digital currency project

Samsung Group will be working together with Kakao Corp. on the digital currency simulation project led by South Korea’s central bank. Accordin...

Carmakers log strong profits despite chip shortage

Carmakers log strong profits despite chip shortage

Global carmakers such as Stellantis N.V., BMW, Ford Motor Co. and Hyundai Motor Group surprised investors with strong earnings despite the automotiv...

Mid-sized Korean groups pave way for PEFs' stalled exits

Mid-sized Korean groups pave way for PEFs' stalled exits

Hoban Group, started as a small residential rental company in Gwangju in 1989, has now emerged as a major player in South Korea's M&A market, in...

Korea’s Samyang to manage 30% assets globally by 2025

Korea’s Samyang to manage 30% assets globally by 2025

Samyang Group, a South Korean food and chemicals producer, aims to manage 30% of its total assets overseas by 2025, while fostering nutrition, medic...

MBK seeks to exit Japan's top golf course operator

MBK seeks to exit Japan's top golf course operator

MBK Partners, a North Asia-focused private equity firm, is seeking to exit Japan's largest golf course operator Accordia Next Golf to capitalize on ...

Hyosung Group still going strong with stellar Q2 earnings

Hyosung Group still going strong with stellar Q2 earnings

South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

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...

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

South Korea-based biopharmaceutical company TiumBio is set to acquire 30 billion won ($26 million) worth of shares in SK Plasma, a blood product com...

Korea’s major banking groups post record-high earnings in H1

Korea’s major banking groups post record-high earnings in H1

South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group rep...

SK Hynix sees robust chip demand for rest of year after strong Q2 sales

SK Hynix sees robust chip demand for rest of year after strong Q2 sales

SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...

AI startup DevUnlimit gamifies home fitness to offer stress-free exercise

AI startup DevUnlimit gamifies home fitness to offer stress-free exercise

South Korea-based fitness content startup DevUnlimit Inc. has developed an artificial intelligence-based fitness platform that gamifies exercise rou...

LG Display to power all offices with 100% renewable energy

LG Display to power all offices with 100% renewable energy

LG Display Co., a major South Korean display panel maker, said on Monday it is shifting to 100% renewable energy to power all its business offices i...

SK, China's Joyvio to launch $90 mn alternative food fund

SK, China's Joyvio to launch $90 mn alternative food fund

SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...

GS Group invests $26 mn in Kakao Mobility

GS Group invests $26 mn in Kakao Mobility

South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...

Hyundai-sponsored archers reign supreme with 9th-straight gold in Tokyo

Hyundai-sponsored archers reign supreme with 9th-straight gold in Tokyo

Chung Euisun, Hyundai Motor Group Chairman and chair of the Korea Archery Association (KAA), was captured on TV July 25, watching the women’s ...

Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame

Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame

Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...

GS Energy to sell half of thermal power plant unit to IMM

GS Energy to sell half of thermal power plant unit to IMM

GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...

Surging global used car demand brightens Hankook Tire outlook

Surging global used car demand brightens Hankook Tire outlook

The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...

SK Materials’ shares fly high on rosy business outlook

SK Materials’ shares fly high on rosy business outlook

Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials to form a JV with US battery startup Group14 Technologies

SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...

LG Group joins investment in EV battery startup SES

LG Group joins investment in EV battery startup SES

South Korea’s LG Group invested in an electric vehicle battery startup SES Holdings Pte (SES) in a bid to secure future growth business.LG Tec...

RBW, label behind Mamamoo girl group, seeks Kosdaq listing

RBW, label behind Mamamoo girl group, seeks Kosdaq listing

RBW Inc., the label behind K-pop star Mamamoo, is looking to go public after HYBE Co., the music and entertainment agency behind BTS, made a big h...

Lotte Rental IPO to produce hefty return for NPS

Lotte Rental IPO to produce hefty return for NPS

The initial public offering of South Korea's Lotte Rental Co., set for next month, will likely produce high double-digit to low triple-digit returns...

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