Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off

Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’...

LG Chem says dual listing of battery subsidiary possible, rules out pre-IPO

South Korea’s LG Chem Ltd. may list its soon-to-be-launched battery subsidiary not just on the local bourse but also on overseas exchanges to ra...

LG Chem to launch battery affiliate Dec. 1; IPO under review

LG Chem Ltd., South Korea’s leading chemicals maker, has endorsed a company plan to spin off its battery business as a standalone entity to stre...

LG Chem to spin off battery business as wholly owned subsidiary

LG Chem Ltd. will spin off its secondary battery business into a wholly owned subsidiary in a move to foster its automotive battery business, accordin...

LG Household continues cross-border M&A push in cosmetics market

LG Household & Health Care Ltd. was the most aggressive South Korean cosmetics firm in the cross-border M&A market between 2010 and 2019, with...

LG launches world's first rotatable T-shaped smartphone

LG Electronics Inc. unveiled its new smartphone LG Wing on Sept. 14 in an online event, the first product rolled out under the company’s Explore...

LG Chem flies lithium-sulfur battery-loaded aircraft into stratosphere

LG Chem Ltd. has completed a test flight of an unmanned plane in the stratosphere using its lithium-sulfur battery for the first time in South Korea.T...

LG Chem flew lithium-sulfur battery-loaded aircraft into the stratosphere.

LG Chem Ltd. has completed a test flight of an unmanned plane at the highest altitude using its lithium-sulfur battery for the first time in South Kor...

Sale of Korea’s bank debentures hits all-time high as capital reserves shrink

Bond issuance by South Korean banks has risen to a record high as banks move to secure adequate capital to ride out any short-term liquidity disruptio...

Korean manufacturers tangled in EV battery feud; Korean court rules in favor of LG Chem

The Seoul Central District Court has upheld the validity of LG Chem Ltd.'s patent infringement case in the US against SK Innovation Co. in its fi...

Corporate bankruptcy filings hit all-time high in Korea amid global pandemic

Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...

Seoul apartments’ average selling price tops 1 billion won for first time

The average selling price of apartment units in Seoul has surpassed the psychologically important 1 billion won ($845,000) mark for the first time, al...

Korea’s EV battery trio, led by LG Chem, emerge as market’s top picks

South Korea’s three electric-vehicle battery makers have become the local market’s top picks as their combined market capitalization nearl...

South Korea’s inflation rate turns higher for first time in 3 months in July

South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...

Hyundai Motor, LG to unveil jointly developed future car interior concept next month

Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...

Hana Financial purchases $77 mn mezzanine loan on 30 Hudson Yards NYC

Hana Financial Investment Co. Ltd. has purchased a $77 million mezzanine loan backed by a six-story space in the 101-story, 30 Hudson Yards, the third...

Howard Marks says time to relax defensive stance

The global economy is bracing for unprecedented negative impacts of the coronavirus pandemic in the short term, but now is the time to hunt for ba...

NPS’ investment return at all-time high in 2019; alternatives lag

The National Pension Service (NPS) achieved its strongest investment return of 11.31% in 2019, led by hefty gains from equities and overseas fixed-inc...

Macquarie buys $800 mn stake in LG Group’s IT firm

Macquarie’s South Korean unit signed a definitive agreement on Dec. 6 to buy a non-controlling stake in LG CNS Co. Ltd., an IT services arm of L...

KKR, Macquarie among bidders for over $800 mn stake in LG CNS

KKR, Macquarie’s investment unit, Carlyle Group and Goldman Sachs Principal Investment Area (PIA) have joined a race to buy a stake in LG CNS Co. Ltd....

Mirae Asset underwrites $375 mn loan on Times Square development

Mirae Asset Daewoo Co. Ltd. has extended a $375 million loan for the Times Square redevelopment in New York City, or one third of the $1.13 billion se...

NH Investment named as preferred buyer of Seoul Square in $873 mn deal

NH Investment & Securities Co. Ltd. was chosen as the preferred buyer for a landmark Seoul office building, according to the South Korean brokerag...

POBA to commit $200 mn to Square Mile’s $825 mn debt fund

The Public Officials Benefit Association (POBA) will commit $200 million to a real estate debt fund of Square Mile Capital, a US investment company, w...

Hana Alternative invests $300 mn in Times Square hotel-backed debt

Hana Alternative Assets Management Co. Ltd. has collected $300 million from seven South Korean institutional investors to invest in mezzanine debts on...

Korea construction crews’ fund gives $70 mn mandates to Park Square, Goldman

South Korea’s Construction Workers Mutual Aid Association (CWMAA) has selected Park Square Capital for 40 billion won ($35 million) private debt inves...

Korean military fund to pick new CIO from within for first time

South Korea’s Military Mutual Aid Association (MMAA) will find a successor of the retiring Chief Investment Officer, Sang-ho Lee, inside its organizat...

NPS buys stake in One Vanderbilt in NYC for $500 mn

The National Pension Service has secured a second-largest shareholder position with a 27-percent stake in a landmark building currently under construc...

Korean firms to raise $350 mn mezzanine fund for 10 Hudson Yards NYC - report

Two South Korean asset management firms will start to raise about 400 billion won ($346 million) in a mezzanine fund from this week to invest in 10 Hu...

[Interview] Korea savings funds see UK asset price drop after Brexit, awaiting buy timing

South Korea’s key savings funds have decided to put on hold investments in Europe shortly after the Brexit vote on the prospect of a further decline i...