LG Energy considers billion-dollar battery plant in Arizona

LG Energy considers billion-dollar battery plant in Arizona

South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...

POSCO to invest $4 bn in Argentina battery materials project

POSCO to invest $4 bn in Argentina battery materials project

South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...

Samsung Electro-Mechanics to invest $245 mn more in capex

Samsung Electro-Mechanics to invest $245 mn more in capex

South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...

CJ ENM to invest $82 million in KT to strengthen OTT partnership

CJ ENM to invest $82 million in KT to strengthen OTT partnership

South Korean entertainment powerhouse CJ ENM Co. said on Monday it will invest 100 billion won ($82.3 million) in KT Studio Genie, a content produ...

SK Siltron to invest $300 mn in US capacity expansion

SK Siltron to invest $300 mn in US capacity expansion

Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...

Hyundai Motor invests in cloud, hydrogen firms for future mobility

Hyundai Motor invests in cloud, hydrogen firms for future mobility

Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...

Private equity consortium buys 30% stake in biotech firm Medipost 

 Private equity consortium buys 30% stake in biotech firm Medipost 

South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...

GEPS posts 19.4% return from alternative investment in 2021

GEPS posts 19.4% return from alternative investment in 2021

Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

SK Geo Centric invests $55 mn in US plastic waste recycling firm

SK Geo Centric invests $55 mn in US plastic waste recycling firm

South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...

LG Energy shares at lowest since IPO on short-selling concerns

LG Energy shares at lowest since IPO on short-selling concerns

Shares of LG Energy Solution Ltd. on Friday fell to their lowest level since the top South Korean battery maker went public in January on market con...

Lotte invests in Canada's edible insect food company

Lotte invests in Canada's edible insect food company

South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...

Samsung Electro-Mechanics to focus on IT, automotive electronics sectors

Samsung Electro-Mechanics to focus on IT, automotive electronics sectors

South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...

SK units at risk of rating cuts on aggressive investments

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...

Actis names Scott Choi as its first Korean partner

Actis names Scott Choi as its first Korean partner

Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...

Cloud management provider Cloocus receives $41 mn in Series B funding

Cloud management provider Cloocus receives $41 mn in Series B funding

Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...

S.Korea seen to benefit from MSCI's Russia removal

S.Korea seen to benefit from MSCI's Russia removal

MSCI Inc.'s decision to remove Russian stocks from its emerging markets indexes from later next week stirred up expectations that as much as $3.4 bi...

Bank of Wine: High-end wine investment in the form of digital assets

Bank of Wine: High-end wine investment in the form of digital assets

South Korea is the world’s second-most attractive wine market, outranked by only the United States, according to London-based consumer researc...

Korean LPs name their 36 favorite alternative asset managers

Korean LPs name their 36 favorite alternative asset managers

KKR was chosen as the best private equity firm by South Korean institutional investors, a survey shows. Blackstone, Macquarie Asset Management and Are...

Hyundai accelerates electrification strategy, targets 7% of EV market

Hyundai accelerates electrification strategy, targets 7% of EV market

South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...

POSCO launches holding firm to develop non-steel biz

POSCO launches holding firm to develop non-steel biz

POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...

Korean bio ventures struggle with fundraising

Korean bio ventures struggle with fundraising

Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...

NPS hires Millennium, Starboard, Systematica for hedge fund investing

NPS hires Millennium, Starboard, Systematica for hedge fund investing

National Pension Service (NPS) of South Korea said on Feb. 28 it selected Millennium Management LLC, Starboard Value LP and Systematica Investment...

Adams Street, Benefit Street, Clearlake join NPS' PE managers

Adams Street, Benefit Street, Clearlake join NPS' PE managers

National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...

NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4

NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4

National Pension Service (NPS) of South Korea said on Feb. 28 it hired Allspring Global Investments LLC, BlackRock Inc. and Morgan Stanley Investm...

Korea Investment in $4.4 bn lending group for Tropicana deal

Korea Investment in $4.4 bn lending group for Tropicana deal

Korea Investment & Securities Co. will arrange senior and mezzanine loans for Paris-based PAI Partners to fund its acquisition of Tropicana an...

NPS posts 24% return from alternative investment in 2021

NPS posts 24% return from alternative investment in 2021

National Pension Service (NPS) of South Korea posted a 10.86% rate of return in 2021, according to a preliminary data report by its investment man...

SK Ecoplant raises over $800 mn from Korean PE firms

SK Ecoplant raises over $800 mn from Korean PE firms

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

POSCO Chem to expand low-expansion anode materials output

POSCO Chem to expand low-expansion anode materials output

South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...

South Korea’s Lee completes cabinet lineup with IT executive, lawmaker Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet 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