Hyundai Mobis to invest $1.1 bn to make hydrogen fuel cells
Hyundai Motor Group’s long-term ambition to create a full-fledged hydrogen value chain, from fuel cell production to hydrogen-powered logist...
US may return to low rates after modest inflation
The rising inflationary risk in the US, fueled by strong recovery from the pandemic-induced slowdown, is likely to be short-lived and modest, and in...
SK E&S gears up for more US renewable energy investment'
SK E&S Co, South Korea’s top city gas supplier, is preparing for additional investment in the US renewable energy sector. The move is to e...
BlackRock Real Assets makes first Korean solar investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired an unspecified stake in Brite Energy Partners ...
Battlegrounds Mobile India clocks 50 million downloads
Battlegrounds Mobile India (BGMI) has clocked 50 million downloads on Google Play in about 1-1/2 months after the game’s launch, its deve...
LG Display to invest $2.8 billion in small OLED line to rival Samsung
South Korea’s LG Display Co. said on Tuesday it will invest 3.3 trillion won ($2.8 billion) in small-sized panels for smartphones and tablets ...
Vietnam's Masan Group to attract $200 mn from Korean PE
Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...
SK E&S' $2 bn preferred share deal shortlisted to four candidates
SK E&S Co., the largest city gas supplier in South Korea, has shortlisted four candidates among seven preliminary bidders to invest in 2 trillio...
NPS tilts toward top-tier PEFs during pandemic
The National Pension Service (NPS) has deepened its reliance on top-tier private equity firms during the prolonged pandemic situation, focusing on r...
Hanwha Systems invests $300 million in UK satellite firm OneWeb
Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...
Korea's top VC says NFTs to emerge as promising investments
Non-fungible tokens (NFT) are poised to emerge as promising investments in the era of digital transformation once the global pandemic settles down, ...
Shinsegae to invest about $900 mn in department stores
South Korea's retail giant Shinsegae Group will invest 1 trillion won ($866 million) in local department stores this year to reinforce the busines...
Samsung shares struggle as big strategic decisions still await Lee
Shares of Samsung Electronics Co. have been trapped in a boxed range since the start of the year, dashing retail investors’ hope that the tech...
Kia invests $9 mn in fintech startup Banksalad
South Korea's major automaker Kia Corp. is set to invest 10 billion won ($8.7 million) in Banksalad Co.'s Series D funding round as the company ai...
SK Group expands foothold in Southeast Asia fintech sector
South Korea’s energy and telecom conglomerate SK Group is aggressively strengthening its foothold in the Southeast Asian fintech business.SK S...
Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO
South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...
Mirae Asset step closer to full-fledged investment bank
Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...
Yanolja CIO says its AI vision played key role in SoftBank investment
Korean travel startup Yanolja’s Chief Investment Officer said that artificial intelligence (AI) was the keyword that played a decisive role in...
Hyundai Motor to make equity investment in Germany’s H2 Mobility
Hyundai Motor Co. is investing in H2 Mobility Deutschland GmbH & Co., a German operator of hydrogen fueling stations, as the top South Korean au...
Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft
South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...
SK Innovation to split battery unit in October, seeks IPO
South Korea’s top energy company SK Innovation Co. decided to split off its battery business in October with a plan to list the new affiliate ...
POBA commits €80 mn to AXA's life science property fund
South Korea's Public Officials Benefit Association (POBA) has committed €80 million ($95 million) to AXA Investment Managers' fund, which recen...
Samsung overtakes Intel as foundry looms as next battlefield
Samsung Electronics Co. overtook Intel Corp. as the world’s top chipmaker by revenue in the second quarter, but the South Korean technology gi...
Korean pension funds ramp up co-investment to seize good deals
South Korea’s pension funds are increasing co-investment as the COVID-19 is prolonged. They are attempting to solve difficulties in overseas d...
Korea’s major banking groups post record-high earnings in H1
South Korea’s major banking groups have posted the highest-ever net profit figures in the first half of this year. Shinhan Financial Group rep...
Krafton aims to become global content provider with $3.7 bn IPO
South Korean game developer Krafton Inc. dreams of growing into global content provider with an up to $3.7 billion fund to be raised from an initial...
SK, China's Joyvio to launch $90 mn alternative food fund
SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...
GS Group invests $26 mn in Kakao Mobility
South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...
LS Cable to build Korea’s tallest cable production tower, invest $161 million
LS Cable & System Ltd. is investing 185.9 billion won ($161 million) to expand its high-voltage underwater cable manufacturing facilities, inclu...
Korean PEFs' 2020 investments, exits at record highs
Private equity firms registered in South Korea posted their largest-ever amount of both investments and divestments in 2020 which were almost balanc...
