US Global Recycle Standard
Scope
Date
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Korean startups
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...
Aug 05, 2021 (Gmt+09:00)
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Automobiles
Hyundai, Kia US sales slower despite strong growth
Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...
Aug 04, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble bets $2.2 bn on global social casino game market
South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...
Aug 03, 2021 (Gmt+09:00)
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Bio & Pharma
Korea’s Samyang to manage 30% assets globally by 2025
Samyang Group, a South Korean food and chemicals producer, aims to manage 30% of its total assets overseas by 2025, while fostering nutrition, medic...
Aug 02, 2021 (Gmt+09:00)
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Pension funds
Canada’s CPPIB promotes Suyi Kim to global head of private equity
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...
Jul 30, 2021 (Gmt+09:00)
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Food & Beverage
Shinsegae enters alternative meat market with own brand
South Korea’s retail conglomerate Shinsegae Group’s food affiliate Shinsegae Food Inc. has entered the fast-growing alternative meat mar...
Jul 28, 2021 (Gmt+09:00)
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EV Batteries
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Jul 27, 2021 (Gmt+09:00)
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Aerospace & Defense
Oshkosh-Hanwha consortium named bidder for design of US Army vehicle
A consortium led by Oshkosh Defense and Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace...
Jul 27, 2021 (Gmt+09:00)
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Energy
KOGAS attempts to expand LNG bunkering as global demand grows
Korea Gas Corp. (KOGAS) aims to expand liquefied natural gas (LNG) bunkering business as global demand for cleaner fuels for ships is growing.LNG bu...
Jul 26, 2021 (Gmt+09:00)
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IPOs
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...
Jul 26, 2021 (Gmt+09:00)
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Aerospace & Defense
Hanwha Defense chosen as contender for design of US Army war vehicle
Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...
Jul 26, 2021 (Gmt+09:00)
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Automobiles
Surging global used car demand brightens Hankook Tire outlook
The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...
Jul 23, 2021 (Gmt+09:00)
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Alternative investments
Kookmin Bank to co-finance $840 mn US solar project
Kookmin Bank, South Korea's largest lender, will provide a $100 million loan to finance a solar power project led by US-based investment firm ECP as...
Jul 22, 2021 (Gmt+09:00)
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Biosimilars
Korean drugmakers race to release Stelara biosimilars
South Korea’s major drugmakers such as Celltrion Inc., Samsung Bioepis and Dong-A St are going for broke to release biosimilars of Stelara, Jo...
Jul 22, 2021 (Gmt+09:00)
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Batteries
SK Materials’ shares fly high on rosy business outlook
Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...
Jul 21, 2021 (Gmt+09:00)
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Energy
Doosan Heavy to invest $60 mn more in US NuScale Power
South Korea’s major power plant builder Doosan Heavy Industries & Construction Co. will further invest in NuScale Power LLC, a US small mo...
Jul 20, 2021 (Gmt+09:00)
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RFPs
Construction workers' fund invites bids for $25 mn infra mandate
South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund...
Jul 20, 2021 (Gmt+09:00)
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Battery materials
SK Materials to form a JV with US battery startup Group14 Technologies
SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...
Jul 19, 2021 (Gmt+09:00)
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Pre-IPOs
Masayoshi Son's top pick Yanolja eyes 2023 Nasdaq listing
South Korea's largest travel platform Yanolja has raised 2 trillion won ($1.7 billion) from the Masayoshi Son-led SoftBank Vision Fund II, marking t...
Jul 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock Real Assets makes first Korean offshore wind investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...
Jul 15, 2021 (Gmt+09:00)
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Alternative investments
Hana Alternative logs over 9% return on US residential project
South Korea's Hana Alternative Assets Management Co. is estimated to have achieved an annualized return of 9.83% from the $51.5 million mezzanine lo...
Jul 15, 2021 (Gmt+09:00)
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Blockchain
Samsung Next ramps up investment in NFT ventures
Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...
Jul 14, 2021 (Gmt+09:00)
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Automobiles
Samsung Electro-Mechanics targets EV parts
Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...
Jul 12, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix joins Micron in 4th-gen 10nm DRAM production
SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...
Jul 12, 2021 (Gmt+09:00)
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Electric vehicles
Global EV race kicks off with key players investing $168 bn
The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...
Jul 11, 2021 (Gmt+09:00)
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Markets
Delta coronavirus variant hits global stock markets
Global stock markets lost ground on mounting fears over the spread of the Delta coronavirus variant. Record-breaking US shares riding on the hopes...
Jul 09, 2021 (Gmt+09:00)
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Central banking
Fed’s Powell, BOK chief to meet during G20 gathering
Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...
Jul 09, 2021 (Gmt+09:00)
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ESG
SK Global Chemical to start plastic waste recycling business in Asia
SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...
Jul 09, 2021 (Gmt+09:00)
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IPOs
Market Kurly makes U-turn to Korea Exchange IPO
Kurly Inc., the operator of South Korea's online grocery delivery service Market Kurly, has canceled a US listing plan to resume its domestic IPO pr...
Jul 08, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung’s LED business makes big global rebound
Samsung Electronics Co.’s light-emitting diode (LED) business, which was almost on the verge of a shutdown due to its sluggish performance, is...
Jul 08, 2021 (Gmt+09:00)
Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
- 2 Growth equity portfolio largely shielded from policy headwinds: Summit
- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma