SK holding firm
Scope
Date
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Bio & Pharma
1 in 4 biotech firms struggles with decreasing cash reserves
South Korea’s biotechnology firms – public and private alike – are facing increasingly negative financial conditions. T...
Jun 26, 2022 (Gmt+09:00)
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Energy
SK Ecoplant to inject $100 mn in Korean solar energy firm Topsun
South Korea's top waste management company SK Ecoplant Co., a unit of conglomerate SK Inc., is slated to complete talks to invest 130 billion won ($...
Jun 23, 2022 (Gmt+09:00)
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Energy
Petrochem firms to fuel plants with self-supplied power
South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...
Jun 23, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom blocks voice phishing via AI, police database
SK Telecom Co., a South Korean major mobile carrier, is strengthening its spam call filtering system to prevent voice phishing. The system blocked 3...
Jun 23, 2022 (Gmt+09:00)
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Entertainment
Korea’s adult audio platform eyes Japan for global biz
South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...
Jun 21, 2022 (Gmt+09:00)
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Aerospace & Defense
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Jun 20, 2022 (Gmt+09:00)
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Bio & Pharma
Pet health: Korean genetic testing firms' new target market
South Korean direct-to-consumer (DTC) genetic testing companies are rushing to the veterinary diagnostics market where they see greater potential gr...
Jun 20, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung holds emergency CEO meeting on technology, risk
Chief executives of Samsung Group’s technology units, led by Samsung Electronics Co., held an emergency meeting on Monday to discuss new techn...
Jun 20, 2022 (Gmt+09:00)
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Venture capital
Temasek VC unit CEO sees recent downturn as investment opportunity
Vertex Venture Holdings, a venture capital unit of Singapore state investor Temasek Holdings, expects the recent global downturn to offer investment...
Jun 19, 2022 (Gmt+09:00)
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Bio & Pharma
LianBio teams with Korean MediRama to ease US biotechs' foray into Asia
LianBio, a Nasdaq-listed biotechnology company, has joined hands with MediRama Co., a South Korean clinical development firm, to help promis...
Jun 17, 2022 (Gmt+09:00)
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Corporate restructuring
SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn
SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...
Jun 16, 2022 (Gmt+09:00)
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Batteries
POSCO, SK On forge strategic tie-up in rechargeable battery business
POSCO Holdings Inc., the investment holding company of South Korea’s largest steelmaker, and SK On Co., the battery unit of SK Innovation Co.,...
Jun 16, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Jun 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners in talks to buy Kakao Mobility
MBK Partners, one of the largest private equity firms in Asia, is in talks with the country’s top mobile platform Kakao Corp. to acquire share...
Jun 14, 2022 (Gmt+09:00)
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Supply chain
Chemical makers to halt plants as truck driver strike deepens
South Korea’s petrochemical companies are set to halt operations as the work stoppage by unionized truck drivers stretched into an eighth day ...
Jun 14, 2022 (Gmt+09:00)
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Energy
SK to invest $30 mn in ammonia-based power solutions developer Amogy
SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...
Jun 14, 2022 (Gmt+09:00)
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Behind the Scenes
SK Group’s 'financial story' running out of steam?
South Korean private equity firms that plan to inject a total of 1.2 trillion won ($1 billion) into SK Ecoplant Co. are having a hard time raising t...
Jun 14, 2022 (Gmt+09:00)
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Corporate investment
SK Innovation to focus on small reactors, batteries, waste recycling
SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is accelerating a shift toward eco-friendl...
Jun 13, 2022 (Gmt+09:00)
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Bio & Pharma
Korean bio firms flock to US as SV Invest eyes $100 million bio fund
SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...
Jun 13, 2022 (Gmt+09:00)
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Logistics
CJ Logistics steps up automated distribution system in SE Asia
South Korea’s major logistics firm CJ Logistics Corp. is accelerating business expansion in Southeast Asia. It has started applying a homegrow...
Jun 09, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix to supply industry’s best-performing DRAM to Nvidia
SK Hynix Inc., the world’s second-largest memory chipmaker, is set to supply the industry’s best-performing DRAM to US graphic chipmaker...
Jun 09, 2022 (Gmt+09:00)
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Korean startups
LG Group to invest $119 million into 300 startups through 2025
LG Group announced Thursday it will invest 150 billion won ($119 million) into 300 startups through 2025.The conglomerate hosted Superstart Brand ...
Jun 09, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband applies quantum cryptography to Korea network
SK Broadband Co., a South Korean internet service provider, succeeded in using quantum cryptography for the government’s backbone communicatio...
Jun 09, 2022 (Gmt+09:00)
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Asset management
Private markets embrace wider swath of economy: Partners Group CEO
Private equity is regarded as an alternative asset class while shares of listed companies are known as traditional assets. This classification may n...
Jun 08, 2022 (Gmt+09:00)
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Real estate
Korean firms increase share in domestic office market
The International Finance Center in Seoul (IFC Seoul) drew interest from only six bidders at the end of last year, and Singapore-based ARA Korea was...
Jun 05, 2022 (Gmt+09:00)
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Entertainment
Kids animation creator SAMG eyes IPO in H2
South Korea’s SAMG Entertainment Co., a media production firm well known for animation Mini Force, is aiming for listing on the secondary bour...
Jun 03, 2022 (Gmt+09:00)
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Investment banking
Korea Investment completes Indonesian fishing firm's IPO
South Korea’s Korea Investment & Securities Co. (KIS) said on Thursday it has completed the listing of PT Cilacap Samudera Fishing Industr...
Jun 03, 2022 (Gmt+09:00)
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Hydrogen economy
SK Gas, Lotte Chemical to launch JV for hydrogen power generation
SK Gas Co., a South Korean major liquefied petroleum gas (LPG) provider, and Korean chemicals firm Lotte Chemical Corp. are slated to set up a joint...
Jun 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SKC to sell plastic film business to Hahn & Co. for $1.3 billion
SKC Ltd., the chemical materials unit of South Korea’s SK Group, is selling its plastic film business to private equity firm Hahn & Co. fo...
Jun 02, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility to launch car transport service in June
South Korea’s Kakao Mobility Corp. will begin providing drivers for door-to-door auto transport from as early as mid-June, according to tech i...
Jun 02, 2022 (Gmt+09:00)
Latest News
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- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators