United Nations affiliates
Scope
Date
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Beauty & Cosmetics
Cosmax strengthens eco-friendly marketing in Southeast Asia
Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, is strengthening its ma...
Apr 21, 2022 (Gmt+09:00)
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Corporate restructuring
SK’s gas unit to sell production facility for $809 mn
South Korean conglomerate SK Group’s industrial gas-making unit is set to sell a local production facility for about 1 trillion won ($809 mill...
Apr 19, 2022 (Gmt+09:00)
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Bio & Pharma
SK's biotech bets step closer to commercialization
Biotechnology startups in Europe, backed by South Korea's SK Inc., are speeding up their development of next-generation drug candidates by joining h...
Apr 15, 2022 (Gmt+09:00)
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IPOs
Kakao's game unit behind Odin valued at $2.7 bn before IPO
Lionheart Studio Corp., the firm behind South Korea’s popular mobile game Odin, is preparing to go public as early as this year, with its ente...
Apr 12, 2022 (Gmt+09:00)
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Webtoons
Korea’s top adult webtoon platform targets global market
Topco, South Korea’s top adult webtoon platform operator, is targeting the global digital comic market with the goal to expand its business in...
Apr 04, 2022 (Gmt+09:00)
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IPOs
SK Innovation to list battery unit 2025 at earliest
South Korean SK Innovation Co. does not expect to list its battery subsidiary until at least 2025, the company’s chief executive said on Thurs...
Mar 31, 2022 (Gmt+09:00)
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Corporate strategy
SK Lubricants invests $25 mn in US liquid immersion cooling firm
SK Lubricants Co., the world’s largest lube base oil supplier, invested $25 million in a US liquid immersion cooling solutions provider for da...
Mar 30, 2022 (Gmt+09:00)
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Corporate restructuring
Hanwha Solutions to raise $491 mn with materials unit split-off
South Korea’s Hanwha Solutions Corp. is set to split off its advanced materials business and sell a stake in the unit to raise $491 million fo...
Mar 29, 2022 (Gmt+09:00)
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Alternative investments
Daewoo E&C jointly creates $400 mn fund for overseas M&As
Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equity firm IMM Investme...
Mar 28, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S buys EverCharge to enter US EV charging market
South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...
Mar 25, 2022 (Gmt+09:00)
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Future mobility
Kia plans new Korea plant first time in 25 years for purpose-built vehicles
Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...
Mar 24, 2022 (Gmt+09:00)
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Korean startups
Star-studded vision AI startup SNUAI requires less data and time
“The first joint venture with the Seoul National University seal of approval” is how artificial intelligence startup SNUAI Lab Co. des...
Mar 22, 2022 (Gmt+09:00)
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Electronics
LG Display reclaims global top spot in Q4 2021
South Korea’s LG Display Co. regained the top spot in the global display market for TVs in the fourth quarter of 2021, according to tech indus...
Mar 21, 2022 (Gmt+09:00)
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War in Ukraine
Korea to open temporary settlement lines for trade with Russia
South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...
Mar 18, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai eyes LNG ship-to-floating storage unit conversion market
The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...
Mar 15, 2022 (Gmt+09:00)
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Batteries
POSCO to build largest solid electrolyte plant for batteries
POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...
Mar 15, 2022 (Gmt+09:00)
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Corporate investment
SK units at risk of rating cuts on aggressive investments
South Korea’s SK Group units focusing on investments in new eco-friendly industries are facing risks of credit rating downgrades.Investors hav...
Mar 10, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung SDS joins hands with Amazon for global cloud business
Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...
Feb 18, 2022 (Gmt+09:00)
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Airlines
Korean Air to deploy Boeing 737 Max aircraft from March
Korean Air Lines Co. will start flying Boeing 737-8 aircraft from March, nearly two years after the global grounding of the jet type by airlines in ...
Feb 15, 2022 (Gmt+09:00)
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Metaverse
VR star signs with K-pop label YG Entertainment
South Korean game developer and publisher Smilegate announced Monday that its virtual human signed an exclusive contract with an affiliate of global...
Feb 15, 2022 (Gmt+09:00)
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Industrial devices
Korea’s Point Mobile expands supply deal with Amazon to offline units
Point Mobile Co., South Korea’s top enterprise handheld devices maker, expanded a supply deal with Amazon.com Inc. to offline units of the wor...
Feb 08, 2022 (Gmt+09:00)
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SK Innovation not looking at listing battery unit for now
South Korea’s SK Innovation Co. is not currently considering an initial public offering of its battery subsidiary, an executive said on Friday...
Jan 28, 2022 (Gmt+09:00)
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Earnings
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
Jan 27, 2022 (Gmt+09:00)
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Corporate restructuring
NPS approves POSCO's split into holding firm, steelmaker unit
The National Pension Service (NPS) of Korea, the largest shareholder of POSCO Co., has given its nod to the steelmaking giant’s plan to spli...
Jan 24, 2022 (Gmt+09:00)
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Private equity
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)...
Jan 06, 2022 (Gmt+09:00)
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Automobiles
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...
Jan 06, 2022 (Gmt+09:00)
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Korean chipmakers
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 ...
Dec 30, 2021 (Gmt+09:00)
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Logistics
Hyundai Glovis opens firm in Chengdu for logistics to Europe
Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...
Dec 29, 2021 (Gmt+09:00)
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Mergers & Acquisitions
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...
Dec 28, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor closes engine development division
Hyundai Motor Group, South Korea’s top automaker, will stop developing new internal combustion engines in order to accelerate its transformati...
Dec 23, 2021 (Gmt+09:00)
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Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers