IMM PE exits S.Korea's No.2 electric wire manufacturer

Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...

Outlook for Korean battery shares evenly split amid weak performance

South Korea’s major battery makers, which have underperformed the broader stock market since the start of the year, remain opaque as fund mana...

SKIET to build additional battery separator plants in Poland

SK Innovation Co.’s material business arm SK IE Technology Co. (SKIET) is set to construct two additional electric vehicle battery separator p...

SK reiterates rejection of LG’s hefty demand for battery dispute settlement

SK Innovation Co. again refused to accept LG Energy Solution Ltd.’s demand that SK pay a hefty amount of compensation for its involvement in a...

LG Chem CEO vows stern action against SK in battery legal dispute

The chief executive of LG Chem Ltd. said on Thursday that the company will sternly deal with SK Innovation Co. in the battery technology trade secre...

Market jitters grow over Korean battery shares after VW’s decision

Market jitters over South Korea’s battery makers are growing after Volkswagen AG’s announcement on Monday that it will make batteries in...

Korean battery shares tumble as VW gears up for in-house production

Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...

LG Energy to invest over $4.5 bn to expand US battery facilities

LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...

Affirma, EastBridge to invest $350 mn in SK's mobility venture

  Affirma Capital and South Korea-based EastBridge Partners will invest a combined 400 billion won ($350 million) in SK Telecom Co.'s mobility...

LG Energy may build US, Europe plants to supply new batteries to Tesla

LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...

SK, POSCO agree to develop new lightweight materials for future mobility

South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...

LG Energy, GM in talks to build 2nd EV battery plant in Tennessee

South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...

US politicians urge review of ITC ruling over LG, SK battery dispute

The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...

NPS begins process to venture into multi-asset investments

South Korea’s National Pension Service (NPS) has begun a process to initiate multi-asset investment as part of an effort to create higher retu...

Hyundai Motor debuts all-electric IONIQ5 as EV battle rages on

Hyundai Motor Co. on Tuesday debuted a new, all-electric IONIQ5, the first model under its standalone electric vehicle sub-brand, amid intensifying ...

Hyundai Motor, LG Energy team up on EV battery leasing, recycling

The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...

Korea’s EV battery trio controls half of global market ex-China

South Korea’s LG Energy Solution Ltd. and two other major domestic electric vehicle battery makers have grown significantly, controlling more ...

Hyundai unveils unmanned ultimate mobility vehicle concept

Hyundai Motor Group has unveiled its first uncrewed ultimate mobility vehicle (UMV) concept, transforming intelligent ground excursion robot (TIGE...

IMM PE to shortlist buyers for Taihan Electric Wire

South Korea-based IMM Private Equity is set to announce shortlisted candidates for the sale of Taihan Electric Wire Co. next week. The deal has dr...

Mando acquires JV to boost footing in autonomous vehicle industry

South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...

Kia aims to become purpose-built vehicle market leader: CEO

Kia Corp. recently dropped Motors from its name and changed the design and color of the logo that had represented the Korean automaker globally for ...

SK Innovation’s Q4 EV battery business revenue hits record high

South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...

SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn

SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...

SK Innovation buys 13% stake in China’s EV battery-swap station operator

SK Innovation Co. has signed a deal to acquire a 13% stake in a Chinese electric vehicle battery-swap station operator, as the South Korean company ...

SK's US battery arm sells $1 bn green bonds at lower rates

The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...

POSCO acquires stake in Tanzania graphite mine to boost battery materials biz 

South Korea’s largest steelmaker POSCO's commitment to innovation and growth has been well demonstrated this year, as it wraps up acquisition ...

Silicon Valley-based PnP sets sights on Korean smart city ventures

Plug and Play (PnP), a Silicon Valley-based startup accelerator, will team up with the city of Seoul to invest in South Korean venture firms with sm...

SK Innovation to raise $920 mn for US battery plant expansion

South Korea-based SK Innovation Co. is ramping up investment for its US-based electric vehicle battery business, with plans to raise up to 1 tri...

Korea’s EV battery trio among world’s top 5; seen gaining further ground

South Korea’s three major electric vehicle battery makers have grown significantly over the past year, securing spots on the world’s top...

Battery boom to drive POSCO Chem's $1.1 bn rights offering

South Korea-based POSCO Chemical Co. has begun preparations for its rights offering, to the delight of shareholders as the company’s share pri...