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...

LG Chem, LG Energy acquire 2.6% of battery startup Li-Cycle for $51 million

LG Chem, LG Energy acquire 2.6% of battery startup Li-Cycle for $51 million

South Korea’s top chemical manufacturer LG Chem Ltd. and its battery affiliate LG Energy Solution Ltd. have acquired a combined 2.6% stake in ...

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

Korea’s MedPacto, Merck plan phase 3 trials of colorectal cancer drug

MedPacto Inc., a South Korean biotechnology company that develops therapeutics for cancer and autoimmune diseases, has agreed with global drugmaker ...

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...

Hanwha Defense to supply howitzers to Australia in $788 mn deal

Hanwha Defense to supply howitzers to Australia in $788 mn deal

South Korea’s Hanwha Defense Co. inked a $788 million deal to supply K9 self-propelled howitzers to Australia, marking its first sale of the s...

Foreigners buy Kospi futures to raise bullish bets on Korea stocks

Foreigners buy Kospi futures to raise bullish bets on Korea stocks

Foreigners bought Kospi 200 futures contracts on “quadruple witching day," the quarterly simultaneous expiration of South Korean options and f...

Year-end inflow to Korean main bourse sign of foreigner comeback?

Year-end inflow to Korean main bourse sign of foreigner comeback?

Foreign investors are poised to extend their buying spree in South Korea’s main stock market to a sixth straight session, spurring hopes for t...

Korea Inc 2021: Year of record M&As, tie-ups and spin-offs

Korea Inc 2021: Year of record M&As, tie-ups and spin-offs

South Korea’s corporate sector has seen record deals through mergers and acquisitions, tie-ups and spin-offs this year, as big companies and s...

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International signs parts supply deal with US EV startup Rivian

POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal

KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...

MBK's deals rank among top 2021 PE exits in N.Asia

MBK's deals rank among top 2021 PE exits in N.Asia

North Asia-focused MBK Partners has made lucrative exits from three investments in South Korea, China and Japan this year. They rank among the nine ...

Korea’s LIG close to record $3.5 bn deal to export missile system to UAE

Korea’s LIG close to record $3.5 bn deal to export missile system to UAE

LIG Nex1 Co., a leading South Korean defense company, is close to a record $3.5 billion deal to export its surface-to-air missile system to the Unit...

SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals

SK seeks to make Pfizer, Merck COVID-19 pills in CMO deals

SK Inc., the investment and holding company of South Korea’s SK Group, is seeking to make COVID-19 treatment pills developed by Pfizer Inc. an...

Korean game makers shun IBs for M&A deals

Korean game makers shun IBs for M&A deals

“We know which companies to buy after playing the games a few times.”More and more South Korean game developers are pursuing mergers and...

SeAH to supply monopiles for Orsted’s UK offshore wind farm project

SeAH to supply monopiles for Orsted’s UK offshore wind farm project

SeAH Steel Holdings Corp. ’s UK subsidiary is set to supply monopiles, steel tubes that serve as a fixed foundation for offshore wind turbines...

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

FiscalNote Holdings Inc., a US legal data and analytics company founded by a Korean-American, is set to go public in a deal valued at $1.3 billion. ...

Race for CJ Olive Young IPO underwriting deal heats up

Race for CJ Olive Young IPO underwriting deal heats up

The competition to underwrite a listing of CJ Olive Young, South Korea’s top beauty store chain, is intensifying with some brokerage houses va...

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution to supply batteries to US fuel cell truck maker Nikola

LG Energy Solution Ltd., a leading South Korean battery maker, has signed a deal to supply batteries to Nikola Corp., a US hydrogen fuel cell electr...

Kakao Pay slips on profit-taking after strong KOSPI debut

Kakao Pay slips on profit-taking after strong KOSPI debut

Kakao Pay Corp. ’s stock tumbled after a strong debut on the South Korean main stock market as investors booked profits, keeping an eye on if ...

POSCO International, Petronas sign PSC for Malaysian gas development

POSCO International, Petronas sign PSC for Malaysian gas development

POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...

Korea’s major refiners bid for top local biodiesel material maker

Korea’s major refiners bid for top local biodiesel material maker

SK Innovation Co., S-Oil Corp. and Hyundai Oilbank were among the preliminary bidders for South Korea’s top biodiesel material maker DK O&...

SK Hynix in $492 million Key Foundry deal, doubles foundry capacity

SK Hynix in $492 million Key Foundry deal, doubles foundry capacity

SK Hynix Inc., the world’s second-largest memory chipmaker, said on Friday it is acquiring a 100% stake in South Korea-based Key Foundry for 5...

BTS drops Sony for Universal

BTS drops Sony for Universal

The world’s biggest boy band is joining forces with the world’s largest music company.South Korea’s BTS has agreed to a ...

Kospi to resume rally to fresh high in H1 2022

Kospi to resume rally to fresh high in H1 2022

South Korean stocks are likely to resume rallies in the first half of 2022 with the main Kospi to hit a fresh record high although the local markets...

Zero-carbon, self-driving still in distant future for top Kospi stocks

Zero-carbon, self-driving still in distant future for top Kospi stocks

Shares in Samsung Engineering Co., a leading South Korean plant builder, have skyrocketed about 90% year to date, far outstripping the average rise ...

EQT to open Seoul office by yr-end to source Korean deals

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI, Stellantis to build billion-dollar battery JV in US

Samsung SDI Co. has partnered with Dutch-domiciled multinational automaker Stellantis N.V. to build a multi-billion-dollar battery facility in the U...

KIC says to boost VC deals to lift long-term returns

KIC says to boost VC deals to lift long-term returns

The Korea Investment Corporation (KIC) will step up venture capital investments in North America to lift its long-term returns, the sovereign wealth...

Tesco ordered to return $160 mn to MBK over Homeplus deal

Tesco ordered to return $160 mn to MBK over Homeplus deal

Tesco Plc, the UK's largest retailer, was recently ordered by an international arbitration court to return £119 million ($163 million) to MBK ...

Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal

Kumho Asiana assures 30-year profits to Gate Gourmet in catering deal

Kumho Asiana Group’s management assured net profits for 30 years to Gate Gourmet when the South Korean conglomerate signed a deal for Asiana A...

Deal graveyard: S.Korean F&B franchises left without takers LG Energy, GM’s JV Ultium Cells to retrofit Tennessee plant to produce LFP batteries KPop Demon Hunters OST lands at No.6 on Billboard Hot 100 K-beauty craze sends Olive Young online sales to new heights Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike