US high rates
Scope
Date
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Mergers & Acquisitions
MBK-led consortium to take over Japan’s FICT for $656 mn
MBK Partners, the largest private equity firm in North Asia, will acquire a controlling stake in FICT Ltd., a semiconductor printed circuit board (P...
Feb 06, 2025 (Gmt+09:00)
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Economy
Korea to launch $23 bn high tech fund, bracing for Trump 2.0
South Korea will launch a high tech fund worth more than 34 trillion won ($23 billion) to provide cheap financing, including equity investments, for...
Feb 05, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
LX Pantos enters US intermodal logistics market with Japan’s ONE
LX Pantos Co., South Korea’s largest logistics company under LX International Corp., has advanced into the US intermodal logistics market join...
Feb 05, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Korea’s beauty retailer CJ Olive Young to open first US offline outlet
CJ Olive Young Corp., South Korea’s top beauty store chain, said on Tuesday it has set up a US business entity in Los Angeles to enhance its p...
Feb 04, 2025 (Gmt+09:00)
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Earnings
Korean financial holding firms log record-high profits in 2024
South Korea’s top four financial holding firms are estimated to have posted their highest-ever profits in 2024, driven by hefty interest incom...
Feb 04, 2025 (Gmt+09:00)
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Automobiles
Hyundai, Kia enjoy record January US sales on eco-friendly cars
South Korea’s top automaker Hyundai Motor Co. and its affiliate Kia Corp. saw their US sales in January rise to record highs thanks to the gro...
Feb 03, 2025 (Gmt+09:00)
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Food & Beverage
Korean bakery giant SPC to build $160 mn US plant as tariff war escalates
SPC Group, the operator of South Korea’s largest bakery chain Paris Baguette as well as Paris Croissant, SPL, Dunkin and SPC GFS, is building ...
Feb 03, 2025 (Gmt+09:00)
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Earnings
Samsung to focus on HBM, other high-end chips after weak Q4 earnings
Samsung Electronics Co., the world’s largest memory chipmaker, on Friday vowed to cut its production of legacy chips and increase sales of pre...
Jan 31, 2025 (Gmt+09:00)
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Earnings
Hanwha Ocean swings to profit, seeks 6 US Navy MRO projects
Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung to profit in 2024 for the first time in four years, driven by increased sa...
Jan 24, 2025 (Gmt+09:00)
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Korean startups
AI agent Gentoo poised to revolutionize online shopping
South Korean artificial intelligence startup Waddle Corp. is gearing up to reshape the online retail industry with artificial intelligence-powered i...
Jan 24, 2025 (Gmt+09:00)
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Batteries
SK On bags $1.8 billion EV battery deal with Nissan
Loss-making SK On Co., the world’s fifth-largest battery maker, has hit the jackpot with a $1.8 billion deal to supply electric vehicle batter...
Jan 24, 2025 (Gmt+09:00)
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Earnings
Hyundai Motor logs record sales for two straight years on SUVs, hybrids
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its largest-ever sales for a second consecutive year, driven by robust sales ...
Jan 23, 2025 (Gmt+09:00)
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Economy
S.Korea’s economy grows 2.0% in 2024; Q4 GDP below forecast
South Korea’s economy expanded 2.0% last year, falling short of the central bank’s forecast on weaker-than-expected growth in the fourth...
Jan 23, 2025 (Gmt+09:00)
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Earnings
SK Hynix surpasses Samsung with record-high profit in Q4
SK Hynix Inc., the top supplier of high-bandwidth memory (HBM) chips to Nvidia Corp., on Thursday reported its highest-ever quarterly profit of 8.08...
Jan 23, 2025 (Gmt+09:00)
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Energy
Hanwha Q Cells sells two solar power plant projects in US
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Wednesday that it sold its two large-scale sola...
Jan 22, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific's Aestura to enter US market with Sephora
South Korean beauty and cosmetics giant Amorepacific Corp. said on Wednesday that its derma cosmetic brand Aestura will enter the American market wi...
Jan 22, 2025 (Gmt+09:00)
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Business & Politics
Samsung, LG consider moving electronics plants to US from Mexico
South Korea’s leading electronics companies such as Samsung and LG are considering moving their plants in Mexico to the US to respond to Presi...
Jan 21, 2025 (Gmt+09:00)
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Beauty & Cosmetics
Sales of K-Beauty surges in US e-commerce
The popularity of South Korean cosmetics in the US has increased, with sales of the products growing at four to five times the rate of the market ...
Jan 21, 2025 (Gmt+09:00)
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Korean startups
Allsale, K-beauty's leading ambassador to the US
Allsale Corporation, a South Korean startup operating an influencer marketing platform, is in talks with investors to further support Korean cosmeti...
Jan 21, 2025 (Gmt+09:00)
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Central bank
BOK lowers growth forecasts to bolster rate cut expectations
South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rate...
Jan 20, 2025 (Gmt+09:00)
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Energy
HD Hyundai Electric to invest $274 mn in transformer output ramp-ups
HD Hyundai Electric Co., a South Korean electric power equipment maker, plans to invest about half of its 2024 operating profit, estimated at 720 bi...
Jan 19, 2025 (Gmt+09:00)
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Electronics
LG Display unveils industry’s brightest OLED panel for AI TVs
LG Display Co., the world’s top organic light-emitting diode (OLED) panel maker, on Thursday unveiled a fourth-generation screen optimized for...
Jan 16, 2025 (Gmt+09:00)
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ESG
Korea Investment Holdings’ MSCI ESG rating upgraded to A
Korea Investment Holdings Co. said on Thursday it was upgraded by three notches from B to A in the MSCI ESG rating this year.The MSCI ESG rating is ...
Jan 16, 2025 (Gmt+09:00)
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Batteries
Korea Zinc to export antimony to US
South Korea’s largest zinc smelter, Korea Zinc Inc., plans to export antimony to the US. This rare metal is a flame retardant for batteries ...
Jan 15, 2025 (Gmt+09:00)
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Bio & Pharma
SK Biopharmaceuticals, Eurofarma to set up AI epilepsy platform JV in US
South Korea’s SK Biopharmaceuticals Co. has signed a deal with Brazil’s Eurofarma Laboratórios S.A. to establish a joint venture ...
Jan 15, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai eyes foray into US navy ship repair market in June
HD Hyundai Heavy Industries Co., the world’s largest shipbuilder, is seeking to launch maintenance, repair and overhaul (MRO) services for the...
Jan 14, 2025 (Gmt+09:00)
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Private debt
Real estate debt outshines corporate credit: Savills IM
Private credit has been among the top picks for alternative investors over the past few years. During the period of high interest rates, corporate l...
Jan 14, 2025 (Gmt+09:00)
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Electronics
LG mulls US plant expansion to deal with Trump 2.0 tariffs
CLARKSVILLE, TN -- South Korea’s appliance and electronics giants are actively looking into options to ramp up the production capacity of thei...
Jan 14, 2025 (Gmt+09:00)
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Central bank
Bank of Korea seen cutting interest rates by 25 bps in January
The Bank of Korea (BOK) is widely expected to cut interest rates by 25 basis points on Thursday amid the nation's softening economy and moderating i...
Jan 14, 2025 (Gmt+09:00)
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Artificial intelligence
Naver D2SF invests in N.American AI startup
South Korea's online giant Naver Corp.'s startup nurturing organization D2SF (D2 Startup Factory) invested in North American AI ad tech startup Remb...
Jan 14, 2025 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet