SK on eve of jackpot from NYSE debut of US battery maker SES

SK Inc., the investment-focused holding company of South Korea’s SK Group, is set to pocket a sixfold return from its investment in SES Holdin...

ABL Life co-invests in Everbright’s infra fund with 13% return

Korea’s ABL Life Insurance Co. has participated in Everbright Overseas Infrastructure Investment Fund LP, a $460 million fund managed by Hon...

Krafton invests $5.4 mn in India’s sports game studio

Krafton Inc. said it invested $5.4 million in India’s mobile game development studio Nautilus Mobile as the South Korean producer of PlayerUnk...

Samsung C&T to invest $70 mn in US nuclear fission tech provider

Samsung C&T Corp. is set to invest up to 85 billion won ($7 million) in US nuclear fission technology provider NuScale Power, LLC. NuScale Power...

Hyundai, Kia post record US car sales as Japanese firms struggle

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their combined auto sales in the US rise to their highest leve...

Hyundai Motor launches robotaxi service in upscale Gangnam district

City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea.  The Ministry of L...

IMM to invest $120 mn in SoftBank-backed subtitle firm

South Korea's IMM Investment Corp. has agreed to invest 140 billion won ($120 million) in Iyuno-SDI Group, valuing the world's largest dubbing and s...

Hyundai Engineering drops IPO plan on stock market weakness

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, dropped a listing plan to raise up ...

Naver to invest $330 mn in content business expansion

Naver Corp., South Korea’s online portal giant, decided to make an additional investment in a web content unit to expand its global webtoon an...

HDC Hyundai eyes over $800 mn in loans after fatal accident

South Korea's HDC Hyundai Development Co. plans to raise more than 1 trillion won ($832 million) in funding backed by its real estate holdings as th...

Hyundai Rotem to mass produce hydrogen extractors

South Korea’s Hyundai Rotem is set to start in February mass production of hydrogen extractors that derive hydrogen from natural gas as it aim...

SKC co-invests $80 mn in battery materials maker Nexeon

Chemical materials producer SKC Co. said on Jan. 26 its consortium has completed an $80 million investment in UK battery materials startup Nexeon ...

LG Energy, GM to build $2.6 bn battery plant in Michigan

LG Energy Solution Ltd. and General Motors Co., plan to build the third US electric vehicle battery plant in Michigan with a $2.6 billion investment...

LG Group invests $21 mn in vegan egg maker Eat Just

LG Group plans to invest 25 billion won ($21 million) in California-based plant-based food maker Eat Just, Inc. The news follows an announcement by ...

Hyundai Engineering CEO: To spend $1.3 bn on green projects with IPO

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, plans to spend as much as 1.5 trill...

Barbarians at the gate: fraud-hit Osstem wooed by bankers

South Korea's Osstem Implant Co., battered by the country's largest-ever embezzlement scandal for a listed company, is now being courted by investme...

Aju sells San Jose-based hotel at $63 mn after five years

Aju Hotels & Resorts Co., a hospitality firm under Korean conglomerate Aju Group, has sold its San Jose-based hotel to an affiliate of US hosp...

Hyundai Motor vows $7.7 billion investment after record 2021 revenue

Hyundai Motor Co. said on Tuesday it will spend a record 9.2 trillion won ($7.7 billion) this year to ramp up facilities for electric cars and other...

SK Hynix to invest more in US chip design startup SiFive

SK Hynix Inc., South Korea’s major chipmaker, decided to make an additional investment in a US chip design startup SiFive in order to secure s...

Hyundai, Kia lead rivals in 2022 US best car awards

Hyundai Motor Group’s major auto brands have won a record number of best car awards by the U.S. News & World Report in recognition of thei...

China’s ByteDance invests $42 mn in Korea’s KidariStudio

China’s ByteDance Ltd., the developer of video-sharing social networking service TikTok, announced Friday that it invested 48 billion won ($42...

Hyundai Samho Heavy says no delay to 2022 IPO

South Korea's Hyundai Samho Heavy Industries Co. this week reaffirmed its plan to go public by the end of this year, as agreed with its pre-IPO inve...

Vegan foodmaker Organica attracts funding from China's CITIC

Plant-based food company Organica Corp. has attracted investment from China’s alternative investment firm CITIC Capital Holdings Ltd. This mar...

Doosan to build Saudi Arabia's largest steel casting plant

Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...

Stonebridge Ventures to set up $168 mn new fund in H1

Stonebridge Ventures Inc., South Korea’s most profitable venture capital firm, plans to establish a fresh fund of $168 million, the largest in...

Kurly CEO Sophie Kim on the road less traveled 

Kurly Inc. CEO Sophie Kim had her first quarrel with her husband while waiting two hours in line to get into the parking lot of Costco.Reminiscing...

Hyundai to offer auto finance in France to boost Europe vehicle sales

Hyundai Capital Services Inc., a financial services subsidiary of Hyundai Motor Group, and CGI Finance, a unit of Societe Generale Group, have launc...

Korea's Mirae Asset to launch digital asset business

Mirae Asset Financial Group, South Korea’s capital market giant, is set to enter the digital asset business, starting with a digital asset cus...

Startup accelerator FuturePlay pushes ahead with IPO 

Startup accelerator FuturePlay is pushing ahead with an initial public offering. The decision follows similar moves by Korean venture capital and ac...

KTCU names financial investment head as new CIO

Korean Teachers’ Credit Union (KTCU) has named its former Financial Investment Department head Park Man-soo as its new chief investment officer,...