SKC to spend $600 mn to build copper foil plant in Malaysia
Scope
Date
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Batteries
POSCO Chem, OCI break ground on EV battery pitch plant
South Korea’s P&O Chemical is set to build the country’s first high-softening-point pitch manufacturing facilities with 15,000 tons ...
Sep 22, 2022 (Gmt+09:00)
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Construction
Hyundai E&C wins $158 mn order for port facility construction in Kuwait
South Korea’s Hyundai Engineering & Construction Co. announced Tuesday it won a 220 billion won ($157 million) deal from Kuwait to add sev...
Sep 21, 2022 (Gmt+09:00)
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Korean Investors
NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund
Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...
Sep 20, 2022 (Gmt+09:00)
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Steel
POSCO expects typhoon to reduce sales by $1.5 billion
POSCO, the world’s sixth-largest steelmaker, has predicted sales to fall by $1.5 billion as a typhoon disrupted one of its plants in South Kor...
Sep 16, 2022 (Gmt+09:00)
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Batteries
Iljin Materials unveils elecfoil with ultra-high tensile strength
Iljin Materials Co., a South Korean battery materials maker, has unveiled an ultra-high tensile elecfoil, which can significantly improve the mileag...
Sep 16, 2022 (Gmt+09:00)
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Foreign exchange
S.Korea may have spent over $700 mn to support ailing won
South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...
Sep 15, 2022 (Gmt+09:00)
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Logistics
EMP Belstar launches $300 mn Korea logistics fund
Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...
Sep 15, 2022 (Gmt+09:00)
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The Deep Dive
Typhoon may offer Korea excuse it needs to oust POSCO CEO
South Korea is set to investigate POSCO, the world’s sixth-largest steelmaker, to clarify who is responsible for the damage to its typhoon-hit...
Sep 15, 2022 (Gmt+09:00)
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Batteries
South Korea bans L&F from building a battery material plant in US
The South Korean government has banned L&F Co., a battery materials maker, from building a new plant in the US amid a controversy over the Infla...
Sep 15, 2022 (Gmt+09:00)
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Steel
POSCO may need months to normalize typhoon-hit steel mill
POSCO, the world’s sixth-largest steelmaker, is expected to need months to resume full operations of its typhoon-hit plant, which makes up a q...
Sep 14, 2022 (Gmt+09:00)
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Tech, Media & Telecom
South Korea fines Google, Meta $72 million for privacy violations
South Korea’s privacy protection regulator on Wednesday levied millions of dollars in fines on Alphabet’s Google LLC and Facebook operat...
Sep 14, 2022 (Gmt+09:00)
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Corporate investment
SK allots 40% of local spending to non-capital areas
SK Group, South Korea’s second-largest conglomerate after Samsung, will funnel 67 trillion won ($48 billion), or about 40% of its 2022-2026 do...
Sep 14, 2022 (Gmt+09:00)
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Automobiles
Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule
South Korea’s top automaker Hyundai Motor Co. will manufacture a hybrid version of its signature SUV, the Santa Fe, in Alabama, earlier than p...
Sep 13, 2022 (Gmt+09:00)
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Automobiles
Hankook Tire’s focus on foreign factories sets it apart from rivals
South Korea’s leading tire maker Hankook Tire & Technology Co. has one business strategy that sets it apart from its local rivals: Build m...
Sep 08, 2022 (Gmt+09:00)
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REITs
SK REIT to raise $550 million in debt for Jongno Tower deal
South Korea’s SK REIT Co. has been diversifying funding sources into short-term debt to finance its recent purchases of landmark office buildi...
Sep 08, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, GS Energy to produce sheets for solar power
South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...
Sep 07, 2022 (Gmt+09:00)
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Private equity
MBK chairman to donate $10 mn to Metropolitan Museum
Michael ByungJu Kim, founder and chairman of MBK Partners, has pledged $10 million to the Metropolitan Museum of Art in New York (the Met), the muse...
Sep 07, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung’s $22 bn new chip plant up and running to make NAND flash
PYEONGTAEK – Samsung Electronics Co., the world’s largest memory chipmaker, said on Wednesday it has put its new 30 trillion won ($22 bi...
Sep 07, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix bets on 2025 memory upturn with $11 billion new plant
SK Hynix Inc., the world’s second-largest memory chipmaker, will spend 15 trillion won ($11 billion) over the next five years to build a new m...
Sep 06, 2022 (Gmt+09:00)
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Energy
SK Ecoplant joins 2.6GW offshore wind power project in Korea
South Korea’s SK Ecoplant Co. signed an agreement on Monday to jointly develop a combined 2.6 gigawatt (GW) offshore wind power project in Kor...
Sep 06, 2022 (Gmt+09:00)
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Economy
Shipyards, TV plants to shut down as typhoon lands on Korea
The world’s two largest shipbuilders Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co., decided to shut down t...
Sep 05, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Kakao joins race to become private 5G network provider
Kakao Enterprise Corp. is poised to become a private 5G network provider, for use within the parent company Kakao Corp. and for serving outside clie...
Sep 05, 2022 (Gmt+09:00)
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Cloud computing
KKR, Macquarie race for $728 mn stake in Korea’s KT Cloud
Global private equity giants Kohlberg Kravis Roberts & Co. (KKR) and Macquarie Asset Management are among the preliminary bidders for shares wor...
Sep 05, 2022 (Gmt+09:00)
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Corporate investment
Lotte to invest $900 mn in Vietnam smart city project
Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea PE firms to buy FCCL maker NexFlex at $463 mn
South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...
Sep 02, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Private equity firms buys shipbuilder Daehan for $150 mn
A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...
Sep 01, 2022 (Gmt+09:00)
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Construction & Planning
Korea's Hyundai E&C to build smart green city in Vietnam
Hyundai Engineering & Construction Co. is poised to become the first South Korean company to join Vietnam’s green smart city development p...
Aug 31, 2022 (Gmt+09:00)
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Private equity
Seoul ordered to fork over $230 mn to Lone Star over KEB deal
An international tribunal delivered a ruling in favor of Lone Star on Wednesday over a dispute with South Korea relating to its 3.9 trillion won ($3...
Aug 31, 2022 (Gmt+09:00)
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Economy
Korea to cut spending in 2023, first time in 13 years
South Korea plans to reduce spending in 2023 for the first time in 13 years by cutting pandemic-era stimulus payments in a move to curb the country&...
Aug 30, 2022 (Gmt+09:00)
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Chemical Industry
LG Chem to build carbon nanotube Plant 4 for EV batteries
LG Chem Ltd., South Korea’s chemicals giant, is set to build the world’s largest single-line carbon nanotube (CNT) manufacturing plant i...
Aug 30, 2022 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 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