CalSTRS, POBA launch $600 mn US property loan JV

The California State Teachers’ Retirement System (CalSTRS) and South Korea's Public Officials Benefit Association (POBA) have launched a $600 ...

Incheon Int'l Airport raises $300 mn in first global bond sale

South Korea's government-owned Incheon International Airport Corp. has raised $300 million in its first global bond sale to ease financial difficult...

Team Fresh secures $6 mn via stake sale to DSC Investment

South Korea-based venture capital firm DSC Investment announced on Apr. 27 that it has acquired a 6.5% stake, valued at around 6.5 billion won ($5.8...

Goldman-backed Korea Superfreeze to build $2.2 bn facilities

Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...

Samsung Display sells back 35 million Corning shares for $1.6 billion

Samsung Display Co., South Korea’s largest display maker, is selling 35 million shares in Corning Inc. back to the US company for an estimated...

IMM Private Equity to acquire 40% stake in SK Lubricants for $900 million

Seoul-based IMM Private Equity will acquire a 40% stake in South Korea’s SK Lubricants Co., wholly owned by SK Innovation Co., for about one t...

KOTAM raises $185 mn for BlackRock's new energy fund

Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...

Korean govt pension to commit $105 mn to 3 global infra funds

South Korea's Government Employees Pension Service (GEPS) will commit $105 million to three global infrastructure funds this year, targeting a net i...

Copper foil maker raises $700 mn funding to build Europe plant

South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billio...

Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank

South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavil...

Doosan Infracore to build 15,000 forklift engines for China’s Linde

Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, has won an order to build 15,000 forklift engines fro...

GM, LG to build second US EV battery plant in Tennessee

LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...

POSCO Chem to build cathode factories in EU, US from 2022

POSCO Chemical Co., the secondary battery materials unit of POSCO, plans to ramp up its cathode production by building new plants in Europe and the ...

GM Korea to halt 2 main plants next week on automotive chip shortage

The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...

POSCO to build S.Korea’s first lithium plant by 2023

South Korea’s leading steelmaker POSCO will build the country’s first lithium extraction factory in Gwangyang, 300 km south of Seoul, al...

LG Chem expands carbon nanotube production with new plant

South Korea's LG Chem Ltd. has completed an extension of its production line for carbon nanotubes (CNTs), known as a wonder material for its strengt...

Doosan taps PEFs to sell copper clad board division

Doosan Co., the holding company of South Korea's Doosan Group, is in contact with several private equity firms to sell its in-house electronic mater...

Facebook's operating profit surges sixfold in S.Korea; tops $10 mn

Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...

Kia raises $700 mn in foreign green bonds

Kia Corp. has issued its first foreign currency ESG bonds worth $700 million to strengthen its investment in electric vehicles and other eco-friendl...

Hyundai Heavy wins $202 mn shipbuilding order

Hyundai Heavy Industries Group has won an order worth 227 billion won ($202 million) to build three liquefied petroleum gas (LPG) carriers, said its...

Samsung walks tightrope on US investment; invited to White House talks

Samsung Electronics Co., the only South Korean company invited to a special White House meeting on the global semiconductor shortage, is likely to f...

Hanwha Solutions eyes $300 mn green dim sum bond issue

Hanwha Solutions Corp., a South Korean petrochemical and renewable energy company, plans to raise 2 billion yuan ($300 million) in a green bond issu...

Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan

For Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, Companhia Siderurgica do Pecem steel mill in Brazil, commonly known as CSP...

Iyuno-SDI Group raises $160 mn follow-on investment from SoftBank

Iyuno-SDI Group, a South Korean content localization firm, has received $160 million in funding from SoftBank Vision Fund 2, a follow-on investment ...

KT to build high-speed satellite network in Indonesia

KT Sat Co., a satellite subsidiary of South Korea’s telecom giant KT Corp., will set up a high-speed satellite telecom network in Indonesia&rs...

Korea state agency sells $134 mn Woori Fin shares

The Korea Deposit Insurance Corp. (KDIC) has reduced its stake in Woori Financial Group to 15.25% by selling 149.2 billion won ($134 million) worth ...

Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains

South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that...

Naver invests $150 million in Indonesia’s No.1 media group Emtek

South Korea’s online platform giant Naver Corp. has invested $150 million in Elang Mahkota Teknologi (Emtek), Indonesia’s largest techno...

Kakao Japan seeks $446 million from Anchor Equity

Kakao Corp.’s Japanese unit, which operates Japan’s largest webtoon platform Piccoma, is in talks to attract as much as 500 billion won ...

SK Group acquires 16.3% of Vietnam’s top retailer for $410 million

South Korea’s SK Group has acquired 16.3% of Vincommerce, Vietnam’s top retail business operator, for $410 million as part of a move to ...