SK invests $350 mn in US CDMO firm

SK invests $350 mn in US CDMO firm

SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco to raise up to $498 mn on $5 bn valuation

SK Pharmteco, a contract development and manufacturing organization (CDMO) for pharmaceuticals, is slated to raise 400 billion ($332.2 million) to 6...

Samsung sued by ex-patent chief over IP infringement

Samsung sued by ex-patent chief over IP infringement

A former vice president of Samsung Electronics Co., who led the South Korean tech giant's seven-year patent fight with Apple Inc., has sued his ex-e...

Hyundai to sell half of cars in US with eco-friendly models by 2030

Hyundai to sell half of cars in US with eco-friendly models by 2030

Hyundai Motor Co., South Korea’s top automaker, aims to sell half of the cars in the US with eco-friendly models by 2030, increasing sales of ...

Carlyle buys $510 mn stake in Hyundai Glovis

Carlyle buys $510 mn stake in Hyundai Glovis

US private equity juggernaut The Carlyle Group Inc. has bought a 10% stake in Hyundai Glovis Co., worth approximately 611 billion won ($510 million)...

Samsung Electronics to open its eco-friendly tech to competitors

Samsung Electronics to open its eco-friendly tech to competitors

LAS VEGAS – Samsung Electronics Co. has announced that it will make its eco-friendly technologies openly available to its competitors as part ...

Hyundai Motor beats Honda in US for the first time in its 35 years there

Hyundai Motor beats Honda in US for the first time in its 35 years there

South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...

Korea’s CHA Biotech to triple US CDMO capacity

Korea’s CHA Biotech to triple US CDMO capacity

CHA Biotech, South Korea’s stem cell therapeutics developer, is set to expand its biomaterials contract development and manufacturing organiza...

SK Hynix to list Intel’s NAND unit on Nasdaq

SK Hynix to list Intel’s NAND unit on Nasdaq

South Korea’s SK Hynix Inc. decided to list the recently acquired Intel Corp.’s NAND flash memory chip business on the Nasdaq in a move ...

Telecom giant KT to develop its own NPU, AI ecosystem

Telecom giant KT to develop its own NPU, AI ecosystem

Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...

Hyundai Oilbank to sell fuels to Hawaii in first term deal with US

Hyundai Oilbank to sell fuels to Hawaii in first term deal with US

South Korean refiner Hyundai Oilbank Co. is set to export gasoline and diesel to Hawaii next year through its first term contract to sell petroleum ...

Kolon resumes Invossa phase 3 clinical trials in US

Kolon resumes Invossa phase 3 clinical trials in US

Kolon TissueGene Inc., the cell therapies unit of South Korean pharmaceutical company Kolon Life Science Inc., said on Dec. 28 it has resumed admi...

E-Mart in exclusive talks to buy US food company

E-Mart in exclusive talks to buy US food company

South Korea's largest supermarket chain E-Mart Inc. has spent nearly $4 billion on acquisition deals so far this year, including the $3 billion purc...

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

LG Innotek shares surge on anticipation of Apple Car, new iPhone 

Shares of Korean companies supplying parts to Apple rose sharply on Thursday. The jump comes on the back of robust iPhone sales and buzz that the ...

IGIS acquires US multifamily property for $262 mn

IGIS acquires US multifamily property for $262 mn

IGIS Asset Management Co., South Korea’s largest real estate asset manager, has purchased a multifamily asset in Alexandria, Virginia, throu...

Korea’s No.1 bakery franchise successfully settles in US

Korea’s No.1 bakery franchise successfully settles in US

Paris Baguette, South Korea’s top bakery franchise, has successfully settled in the US market, paving the way to expand its business throughou...

DL Chem raises $1.8 bn for US leveraged buyout

DL Chem raises $1.8 bn for US leveraged buyout

DL Chemical Co. became the first South Korean company to acquire a US-listed company in a leveraged buyout. The Korean petrochemical company said on...

Tiger Alternative liquidates its structured fund with over 15% IRR

Tiger Alternative liquidates its structured fund with over 15% IRR

South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...

Kosdaq Listed Companies Association announces top Kosdaq blue chips

Kosdaq Listed Companies Association announces top Kosdaq blue chips

The Kosdaq Listed Companies Association of South Korea announced its top Kosdaq blue chips during its 13th annual award conference held on Dec. 16...

SK Biopharm releases epilepsy treatment in UK

SK Biopharm releases epilepsy treatment in UK

South Korean SK Biopharmaceuticals Co. launched its epilepsy treatment Cenobamate in the UK, rapidly expanding the company’s presence in Europ...

Unicorns like Socar and Kurly to dominate Q2 IPOs

Unicorns like Socar and Kurly to dominate Q2 IPOs

Korea’s first mobility unicorn Socar and an online grocery delivery service operator Kurly Inc. are scheduled to begin the process of an IPO e...

Nexen Tire invests in US urban air mobility startup ANRA Technologies

Nexen Tire invests in US urban air mobility startup ANRA Technologies

Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...

Korea’s DL Energy to expand US power plant business

Korea’s DL Energy to expand US power plant business

South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...

Cosmax’s China arm targets late-2022 Kosdaq listing

Cosmax’s China arm targets late-2022 Kosdaq listing

Cosmax East, which owns and manages Cosmax’s business in China in its entirety, has announced plans to seek listing on the Korea Stock Exchang...

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

SK to co-invest $50 mn in US-based Fulcrum BioEnergy

South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...

Korea’s No. 2 art auction house to go public in Jan

Korea’s No. 2 art auction house to go public in Jan

K Auction, South Korea’s No. 2 art auction house, is set to go public in January 2022 as it aims to court the domestic leader Seoul Auction Co...

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal

US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...

LG Energy to adopt Siemens' digital factory technology

LG Energy to adopt Siemens' digital factory technology

South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...

POSCO CEO says split-off units will never be listed

POSCO CEO says split-off units will never be listed

POSCO Group Chairman and Chief Executive Choi Jeong-woo on Monday reaffirmed the group's determination not to list on the stock market the steelmaki...

POBA, CalSTRS invest $40 mn in California multifamily assets

POBA, CalSTRS invest $40 mn in California multifamily assets

South Korea’s pension fund Public Officials Benefit Association (POBA) and US retirement fund The California State Teachers’ Retiremen...

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