US EV tax credit
Scope
Date
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Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
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Business & Politics
Naver, E-Mart in share swap talks ahead of Coupang's US IPO
South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...
Mar 10, 2021 (Gmt+09:00)
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Electronics
S.Korea’s top flexible PCB maker wins big in 5G and EVs
BH Co. is South Korea’s leading manufacturer of flexible printed circuit board (FPCB), an essential component of smartphones, from camera to O...
Mar 10, 2021 (Gmt+09:00)
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Automobiles
LG Electronics eyes growth potential in US auto parts market
LG Electronics Inc. is aggressively expanding its automobile components business in the North American market – a move that is expected to hel...
Mar 09, 2021 (Gmt+09:00)
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Electric vehicles
Kia reveals teaser of first dedicated EV model, EV6
Kia Corp. on Mar. 9 showcased teaser images and video clips of EV6 – its first dedicated electric vehicle (EV) built on Hyundai Motor Group&rs...
Mar 09, 2021 (Gmt+09:00)
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Energy
SK Innovation divests of stakes in US shale oil fields
SK Innovation Co. has sold its entire ownership in its US shale oil fields and their relevant facilities, in line with its parent group's efforts to...
Mar 08, 2021 (Gmt+09:00)
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Batteries
US' ITC says 10-year import ban on SK not excessive
The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery product...
Mar 05, 2021 (Gmt+09:00)
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Batteries
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Mar 05, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...
Mar 05, 2021 (Gmt+09:00)
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Batteries
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
Mar 04, 2021 (Gmt+09:00)
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Samsung Group
Lee Kun-hee’s lavish art collection fuels debate on tax payment scheme
The late Samsung Chairman Lee Kun-hee’s lavish art collection is driving South Korea’s art circle to pressure lawmakers to amend the cou...
Mar 04, 2021 (Gmt+09:00)
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IPOs
Coupang set to raise $3.6 bn via US listing; eyes throne as platform giant
South Korea's e-commerce giant Coupang Corp. is looking to raise up to $3.6 billion via its initial public offering on the New York Stock Exchange -...
Mar 02, 2021 (Gmt+09:00)
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Shareholder activism
US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off
US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...
Feb 25, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai to recall some 82,000 EVs over fire risk; cost seen at $900 mn
Hyundai Motor Co. said on Wednesday that it will recall 81,701 units of its electric vehicles sold worldwide over fire risk, in a move that could co...
Feb 24, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor hires US aerospace expert as UAM business CTO
Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...
Feb 24, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor debuts all-electric IONIQ5 as EV battle rages on
Hyundai Motor Co. on Tuesday debuted a new, all-electric IONIQ5, the first model under its standalone electric vehicle sub-brand, amid intensifying ...
Feb 23, 2021 (Gmt+09:00)
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Korean games
Netmarble buys majority stake in US game maker Kung Fu Factory
Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...
Feb 22, 2021 (Gmt+09:00)
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Interview
Former Korean Wall Street sheriff joins US PEF board
New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former se...
Feb 22, 2021 (Gmt+09:00)
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IPOs
S.Korean govt pushes dual-class share structure amid Coupang US listing
South Korea's ruling Democratic Party is set to pass a bill that will allow a dual-class share structure for unlisted companies next month amid grow...
Feb 19, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, LG Energy team up on EV battery leasing, recycling
The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...
Feb 18, 2021 (Gmt+09:00)
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Private equity
Korean PE firm to reap hefty returns from US bio investment
Medivate Partners, South Korea’s life science-focused private equity firm, is set to secure more than 2.5 times its investment of around 60 bi...
Feb 18, 2021 (Gmt+09:00)
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Batteries
Korea’s EV battery trio controls half of global market ex-China
South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...
Feb 17, 2021 (Gmt+09:00)
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Debt financing
Coupang likely to get $1 bn credit line from IPO managers
South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...
Feb 17, 2021 (Gmt+09:00)
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IPOs
Naver Webtoon targets US listing by year-end
Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.S...
Feb 17, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Optrontec eyes growth in optical lens sales as EVs take off
Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...
Feb 16, 2021 (Gmt+09:00)
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Hyundai reveals interior images of EV model IONIQ 5
Hyundai Motor Co. unveiled interior images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, on Feb. 15, featuring a ...
Feb 15, 2021 (Gmt+09:00)
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Private debt
Korean investors face $270 mn loss on Las Vegas hotel loans
South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...
Feb 12, 2021 (Gmt+09:00)
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Electric vehicles
Korean auto parts players to shine as carmakers go all in on EVs
Korean auto parts makers have rarely been favored by stock investors as they were regarded as mere subcontractors, with their performance largely de...
Feb 08, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung mulls $17 billion Austin chip plant, seeks tax breaks
Samsung Electronics Co. is seeking tax breaks of $805.5 million from the US state of Texas in return for a new $17 billion chip plant, which the Sou...
Feb 05, 2021 (Gmt+09:00)
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Alternative investments
Hana Alternative acquires US office building for $201 mn
South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...
Feb 04, 2021 (Gmt+09:00)
Latest News
- 1 SK Group, AWS to build South Korea’s largest, multibillion-dollar AI data center
- 2 Genesis targets broader European presence with EV trio
- 3 K-pop pilgrimage boosts Seoul ahead of BTS comeback
- 4 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 5 LG Chem closes $1 bn water filter division sale to Glenwood PE