KOGAS cuts import costs on Qatari LNG with COVID-19 kits

KOGAS cuts import costs on Qatari LNG with COVID-19 kits

Korea Gas Corp. (KOGAS) cut imports costs on liquefied natural gas (LNG) from Qatar for 20 years thanks to COVID-19 test kits.KOGAS signed on July 1...

LG Energy signs long-term battery materials deal with Australian Mines

LG Energy signs long-term battery materials deal with Australian Mines

South Korea’s LG Energy Solution Ltd. said on Monday it has signed a long-term contract to receive key battery materials from Australian Mines...

Delivery Hero sells Yogiyo to GS Retail, Affinity-led group

Delivery Hero sells Yogiyo to GS Retail, Affinity-led group

Germany’s Delivery Hero SE has signed an agreement to sell South Korea’s second-largest food delivery platform Yogiyo to a consortium of...

IMM puts Hyundai LNG Shipping on sale

IMM puts Hyundai LNG Shipping on sale

IMM put Hyundai LNG Shipping, South Korea’s top liquefied natural gas (LNG) tanker operator, on sale in a predicted $1.7 billion deal.IMM Priv...

SK E&S' $2 bn preferred share deal shortlisted to four candidates

SK E&S' $2 bn preferred share deal shortlisted to four candidates

SK E&S Co., the largest city gas supplier in South Korea, has shortlisted four candidates among seven preliminary bidders to invest in 2 trillio...

Hanwha Systems invests $300 million in UK satellite firm OneWeb

Hanwha Systems invests $300 million in UK satellite firm OneWeb

Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

South Korea and Turkey have signed a $2 billion currency swap agreement to boost bilateral trade and strengthen cooperation in the financial sector,...

Seoul property prices rise at world's fastest rate

Seoul property prices rise at world's fastest rate

The commercial real estate market in Seoul saw the fastest rate of price growth among all the gateway cities in the world over the past 12 months, w...

Mubadala joins GS-led group to buy Korean botox maker

Mubadala joins GS-led group to buy Korean botox maker

Abu Dhabi’s sovereign investor Mubadala Investment Co. joined a consortium led by South Korean GS Group to acquire the country’s top bot...

LG Chem to power China battery plants with 100% renewable energy

LG Chem to power China battery plants with 100% renewable energy

South Korea’s LG Chem Ltd. says it is powering its two battery component plants in China with 100% renewable energy purchased from Chinese p...

Hanwha Solutions acquires French renewable firm RES for $860 million

Hanwha Solutions acquires French renewable firm RES for $860 million

Hanwha Solutions Corp., the energy unit of chemicals-to-financial conglomerate Hanwha Group, is acquiring a 100% stake in RES Mediterranee SAS, a Fr...

Korean activist fund KCGI joins in consortium to buy Ssangyong

Korean activist fund KCGI joins in consortium to buy Ssangyong

A South Korean electric bus maker Edison Motors Co. added the activist fund Korea Corporate Government Improvement Fund (KCGI) as a financial invest...

F&F may pay $350 mn for TaylorMade without Korean sales license

F&F may pay $350 mn for TaylorMade without Korean sales license

South Korean outdoor clothing retailer F&F Co. may not be able to sell apparel of TaylorMade Golf Co. in the country even after a $350 million t...

Korean pension funds ramp up co-investment to seize good deals

Korean pension funds ramp up co-investment to seize good deals

South Korea’s pension funds are increasing co-investment as the COVID-19 is prolonged. They are attempting to solve difficulties in overseas d...

Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse

Hahn & Co’s $270 mn deal to buy Namyang Dairy at risk of collapse

South Korean private equity (PE) firm Hahn & Co.’s deal to acquire Namyang Dairy Products is at risk of collapse as the owner and his fami...

LG Elec completes stock deal with Magna for EV powertrain JV

LG Elec completes stock deal with Magna for EV powertrain JV

LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain join...

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

TiumBio acquires stake in SK Plasma to beef up R&D for rare diseases

South Korea-based biopharmaceutical company TiumBio is set to acquire 30 billion won ($26 million) worth of shares in SK Plasma, a blood product com...

COVID treatment deals drive Samsung Bio’s record quarterly earnings

COVID treatment deals drive Samsung Bio’s record quarterly earnings

South Korea’s Samsung Biologics Co. posted its highest quarterly revenue and operating profit, thanks largely to a number of long-term manufac...

PEFs claim one-third of S.Korea's M&A deals in H1

PEFs claim one-third of S.Korea's M&A deals in H1

Private equity firms (PEFs) have participated in one in every three buyout deals involving South Korean companies in the first six months of the yea...

Delivery Hero gets 5 more months to sell Yogiyo until January

Delivery Hero gets 5 more months to sell Yogiyo until January

South Korea’s antitrust regulator said on Thursday it is extending the deadline for Germany’s Delivery Hero SE to sell food delivery pla...

SK Materials’ shares fly high on rosy business outlook

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...

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

F&F Co., the South Korean retailer of the outdoor clothing brands Discovery Expedition and MLB, has been selected as the strategic buyer of Tayl...

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...

SpaceX to launch S.Korea’s next-generation satellite

SpaceX to launch S.Korea’s next-generation satellite

Elon Musk’s SpaceX and Korea Aerospace Industries (KAI) have joined hands to develop next-generation mid-sized satellite projectiles, suggesti...

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

Affinity, GS Retail likely to acquire Korean delivery platform Yogiyo

A consortium led by global investment firm Affinity Equity Partners is the most likely candidate to acquire South Korea’s second-largest food ...

Korean funds weigh overseas real estate exits in H2

Korean funds weigh overseas real estate exits in H2

Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...

Samsung Electro-Mechanics targets EV parts

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...

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

World’s top COVID-19 test kit maker draws $28 bn in IPO subscriptions

The IPO of SD Biosensor Inc., which has sold the most COVID-19 test kits in the world -- selling more than 700 million kits from February 2020 to Ma...

Hyundai Rotem wins $296.5 mn electric train deal from Tanzania

Hyundai Rotem wins $296.5 mn electric train deal from Tanzania

Hyundai Rotem won a $296.5 million electric train deal from Tanzania as the South Korean railway system maker aims to expand business in Africa.Hyun...

POSCO International, Pertamina seek joint oil, gas development off Indonesia

POSCO International, Pertamina seek joint oil, gas development off Indonesia

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has agreed with Indonesia’s PT Pertamina Hulu Energi (PHE) to look...

Korea’s game studios rebrand as AI tech firms move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation South Korean airlines bank on China routes for profit recovery