SK Group investment in Masan
Scope
Date
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Energy
DL E&C, Doosan to invest $25 mn in SMR developer X-Energy
South Korea’s DL E&C Co. and Doosan Enerbility Co. will invest a combined $25 million in X-Energy Reactor Co., a US-based small modular re...
Jan 18, 2023 (Gmt+09:00)
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Electric vehicles
SK E&S moves into EV charging market
South Korea's liquefied petroleum gas supplier SK E&S said on Wednesday that its subsidiary Parking Cloud will begin electric vehicle charging s...
Jan 18, 2023 (Gmt+09:00)
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Food & Beverage
Lotte to invest $55 mn in Indian ice cream subsidiary for 5 years
South Korea-based Lotte Confectionery Co. will invest 4.5 billion rupees ($55.1 million) in its Indian unit Havmor Ice Cream in the next five ...
Jan 18, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Woori Financial to acquire VC firm Daol Investment
South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...
Jan 18, 2023 (Gmt+09:00)
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Future mobility
SK Innovation-invested Amogy tests ammonia-powered heavy truck
Amogy Inc. has successfully tested its ammonia-hydrogen power system for large-size semi trucks – the first time that ammonia has been used as...
Jan 18, 2023 (Gmt+09:00)
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Bio & Pharma
Daewoong accelerates investment in CDMO business
Daewoong, the holding company of South Korea's pharmaceutical-oriented Daewoong Group, is speeding up its pace to beef up its contract development a...
Jan 18, 2023 (Gmt+09:00)
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Business & Politics
South Korean companies ink $6.1 billion MOUs with UAE partners
ABU DHABI – Business leaders from South Korea and the United Arab Emirates (UAE) have signed 24 initial agreements worth at least $6.1 billion...
Jan 17, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix creates Master title, highest position among field hands
SK Hynix Inc. said on Monday that it has newly established a "master" position, which is the highest level among field workers who repair and mainta...
Jan 17, 2023 (Gmt+09:00)
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ECM/DCM
S.Korean brokerage lowers stock forecast for S-Oil over poor prospects
South Korea's Eugene Investment & Securities on Monday cut S-Oil Corp.'s target share price from 140,000 won ($113.5) to 133,000 won due to a lo...
Jan 16, 2023 (Gmt+09:00)
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Bio & Pharma
SK Chemicals launches uremia itching treatment tablet
SK Chemicals said on Monday that it has launched Remitch in orally disintegrating tablets, a treatment for intractable uremic pruritus (uremia itchi...
Jan 16, 2023 (Gmt+09:00)
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Business & Politics
UAE’s sovereign funds to invest $30 billion in South Korea
ABU DHABI – The United Arab Emirates will invest $30 billion in South Korea across strategic sectors, including the nuclear power, defense, hy...
Jan 16, 2023 (Gmt+09:00)
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Corporate strategy
S.Korea's SKC Solmics changes name to SK Enpulse
South Korea's SKC Solmics, a wholly owned fine ceramics subsidiary of SKC, on Sunday said it changed its name to SK Enpulse.With 100% investment fro...
Jan 16, 2023 (Gmt+09:00)
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Batteries
SK-Ford JV likely to raise $4 bn via US loan program
Glendale, Kentucky -- A battery joint venture between South Korea’s SK On Co. and Ford Motor Co. is likely to raise about $4 billion in a US g...
Jan 15, 2023 (Gmt+09:00)
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Electric vehicles
SK Energy teams up with state-run power supplier for EV charging station
SK Energy, a major South Korean oil refiner, teamed up with Korea Hydro & Nuclear Power Co. (KHNP) to install electric vehicle (EV) and hydrogen...
Jan 13, 2023 (Gmt+09:00)
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Food & Beverage
K-chicken chain Kyochon signs MOU with Taiwanese food conglomerate
Kyochon F&B, the company operating Kyochon Chicken, said on Friday that it has signed a memorandum of understanding for a master franchise agree...
Jan 13, 2023 (Gmt+09:00)
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Bio & Pharma
SK Inc. eyes significant growth in bio business from 2024
SAN FRANCISCO – SK Inc., the investment and holding company of South Korea’s SK Group, expects significant growth in its biopharma...
Jan 13, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI aims to become world's No. 7 aerospace company by 2050
Korea Aerospace Industries Ltd. (KAI) seeks to become the world's No. 7 aerospace company by 2050, aiming to rival the likes of global defense giant...
Jan 13, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix gets Intel certification for DDR5 server DRAM
South Korea's major memory chip producer SK Hynix Inc. said on Thursday that it has received certification that its 10-nm class fourth-generation (1...
Jan 12, 2023 (Gmt+09:00)
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Pre-IPOs
PIF, GIC to invest $964 mn in Korea's Kakao Entertainment
Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...
Jan 12, 2023 (Gmt+09:00)
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Corporate strategy
SPC Group adopts integrated safety check system app for all biz sites
South Korea's SPC Group on Wednesday said it has developed an app for an integrated safety inspection system using information and communications te...
Jan 12, 2023 (Gmt+09:00)
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Corporate investment
Naver secures largest stake in Spain's online marketplace Wallapop
Naver Corp. has made a massive additional investment in Wallapop, Spain's online market for used items and Europe's equivalent to Korea's Danggeun M...
Jan 12, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix to benefit from Intel’s Sapphire Rapids CPU
The much-awaited launch of Intel Corp.’s latest processors dubbed Sapphire Rapids is a boon for leading memory chipmakers such as Samsung Elec...
Jan 11, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte to invest more in US bio biz, spend $3 bn in Korea
SAN FRANCISCO -- South Korea’s Lotte Biologics Co. is considering investing more in the US bio industry and spending $3 billion in new factori...
Jan 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, Nokia demonstrate Korea's first open RAN base station
SK Telecom Co. said on Tuesday that it verified jointly with Nokia the stable 5G speed and coverage performance in a field test by installing a clou...
Jan 11, 2023 (Gmt+09:00)
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Food & Beverage
PAG joins race to buy Korean burger chain Mom's Touch
Pacific Alliance Group (PAG), a Hong Kong-based alternative investment firm, joined the bidding on Jan. 10 to acquire a 100% stake in South Korean h...
Jan 11, 2023 (Gmt+09:00)
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Korean Innovators at CES 2023
SK Ecoplant looks to enter US battery recycling business: CEO
SK Ecoplant Co., a South Korean construction engineering company, will enter the US battery recycling business by investing in promising startups, C...
Jan 11, 2023 (Gmt+09:00)
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Debt financing
SK Hynix issues $1 bn sustainability-linked bonds
South Korea’s SK Hynix Inc. has raised $1 billion in sustainability-linked bonds (SLBs) to become the world's first memory chipmaker to issue ...
Jan 11, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S, Plug Power agree to strengthen hydrogen partnership
SK E&S CEO Choo Hyung-wook met with Plug Power CEO Andy Marsh at CES 2023 in Las Vegas on Jan. 5 to discuss ways to strengthen cooperation in th...
Jan 11, 2023 (Gmt+09:00)
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Automobiles
11 Hyundai Motor Group products receive US' Good Design Awards
Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...
Jan 11, 2023 (Gmt+09:00)
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Entertainment
Korean apparel retailer F&F to produce global K-pop stars
South Korean outdoor clothing retailer F&F Co. made a foray into the entertainment sector to create a synergy of K-content and fashion, competin...
Jan 11, 2023 (Gmt+09:00)
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