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Date
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)
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EV Batteries
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...
Jan 07, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. will build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to enter the world’...
Jan 05, 2021 (Gmt+09:00)
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Factory suspension
Ssangyong Motor to briefly halt production at main plant
South Korea’s Ssangyong Motor Co. is temporarily suspending production at its main plant due to disruptions of auto parts supplies from its co...
Dec 23, 2020 (Gmt+09:00)
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Energy
Doosan Heavy clinches $562 mn Guam power plant deal
Doosan Heavy Industries & Construction Co. has clinched an order to build a combined cycle power plant in Guam from a consortium of Kore...
Dec 21, 2020 (Gmt+09:00)
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Mergers & Acquisitions
SK in talks to buy French biologics contract manufacturer
SK Holdings is in the early stages of negotiations to acquire France’s biologic contract manufacturing organization (CMO) Yposkesi, in a move ...
Dec 17, 2020 (Gmt+09:00)
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Batteries
SKC to build first overseas copper foil plant in Malaysia
SKC Ltd., a chemical materials maker of South Korea’s SK Group, is planning to more than quadruple its production capacity of copper foils, a ...
Dec 15, 2020 (Gmt+09:00)
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EV Batteries
SK Innovation partners with EVE to launch third battery plant in China
South Korea-based SK Innovation Co. has entered into a joint venture with Chinese battery maker EVE Energy Co. to set up a third battery plant in Ch...
Dec 15, 2020 (Gmt+09:00)
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Energy
LG Chem to power Wuxi plant with renewable energy bought from China
South Korea's LG Chem Ltd. says it will power its battery component plant in China with renewable energy as part of its goal to be carbon neutral by...
Dec 14, 2020 (Gmt+09:00)
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Project financing
KEXIM to finance Korean firms' Mozambique LNG plant project
The Export-Import Bank of Korea (KEXIM) will provide $500 million in project financing to South Korean companies for their $550 million construction...
Dec 10, 2020 (Gmt+09:00)
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Drug development
SK injects $200 mn into Roivant partnership for new drug development
SK Holdings Co., the holding company of South Korean conglomerate SK Group, has become the first Korean company to foray into the targeted protein d...
Dec 07, 2020 (Gmt+09:00)
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Korean chipmakers
NAND competition heats up as SK Hynix unveils 176-layer flash memory
SK Hynix Inc. has developed 176-layer NAND flash memory, the industry’s highest-density chip, following in the footsteps of Micron Technology ...
Dec 07, 2020 (Gmt+09:00)
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IPOs
SK Bioscience begins listing process; enterprise value near $3 bn
South Korea’s SK Bioscience Co., set to enter clinical trials for its COVID-19 vaccine candidates, is expected to list on the Seoul main bours...
Dec 03, 2020 (Gmt+09:00)
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ESG management
SK to create $27 bn in addt'l net asset value via hydrogen business
SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...
Dec 02, 2020 (Gmt+09:00)
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Korean chipmakers
SK Hynix shares hit fresh high; signaling DRAM supercycle
SK Hynix Inc., the world's second-largest memory chipmaker, saw its share price climb to a historic high on Dec. 2, posting a higher gain than the w...
Dec 02, 2020 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $1 bn Malaysia plant deal
Samsung Engineering Co. has received a letter of intent from Malaysia’s petrochemical firm Sarawak Petchem Sdn Bhd to build a methanol plant i...
Dec 01, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Global oil refiners, local PEs among 7 bidders for SK Lubricants stake
Global oil refiners, strategic investors and private equity funds in Korea and abroad have submitted non-binding bids for up to 49% of SK Lubricants...
Nov 30, 2020 (Gmt+09:00)
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Batteries
SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot
SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...
Nov 25, 2020 (Gmt+09:00)
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Future mobility
SK Telecom seeks $271 mn for mobility spin-off
South Korea’s largest mobile carrier SK Telecom Co. is looking to raise up to 300 billion won ($271 million) ahead of rolling out its new mobi...
Nov 17, 2020 (Gmt+09:00)
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REITs
SK Group mulls headquarters buyback through REIT
Energy-to-telecom-focused SK Group is considering buying back its headquarters in Seoul through a real estate investment trust (REIT) vehicle after th...
Nov 16, 2020 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix challenged by underdog Micron’s 176-layer NAND
South Korea’s leading chipmakers Samsung Electronics Co. and SK Hynix Inc. are being challenged by smaller rival Micron Technology Inc.’s ...
Nov 16, 2020 (Gmt+09:00)
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Corporate strategy
Amazon, SK Telecom join hands in Korea e-commerce market
SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...
Nov 15, 2020 (Gmt+09:00)
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Cold-chain logistics
SK Holdings cryogenic biz eyes jackpot on hopes of imminent COVID-19 vaccine
South Korea's SK Holdings Co. may hit the jackpot with the development of a COVID-19 vaccine on the horizon.Once a coronavirus vaccine is available, t...
Nov 13, 2020 (Gmt+09:00)
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Markets
S. Korean stock market posts record-high market cap; SK biopharm added to MSCI
South Korea's benchmark Kospi reached a two-year high closing at 2485.87 points on Nov. 11, posting an eight-session winning streak driven by imminent...
Nov 11, 2020 (Gmt+09:00)
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Korean chipmakers
SK Hynix’s 2020 non-memory chip sales seen to hit record high
SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...
Nov 09, 2020 (Gmt+09:00)
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Earnings
SK Hynix vows to triple NAND sales in 5 years after strong Q3
SK Hynix Inc. has vowed to triple its NAND flash memory sales within five years, buoyed by its recent acquisition of Intel Corp.’s NAND memory a...
Nov 04, 2020 (Gmt+09:00)
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ESG
SK Hynix and other affiliates to become 100% powered by renewable energy
South Korea's SK Holdings Co., along with seven of its affiliates have submitted applications to join RE100, a global coalition of multinational compa...
Nov 02, 2020 (Gmt+09:00)
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NAND business
SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO
SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...
Oct 30, 2020 (Gmt+09:00)
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Corporate governance
SK Holdings' board underpins new standard in Korea
On Jul. 21, SK Holdings Co.'s board of directors rejected management's request to simplify the reporting procedure for investment proposals. Among the...
Oct 29, 2020 (Gmt+09:00)
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Business expansion
Samsung heir Jay Y. Lee visits plants in Vietnam
Samsung Electronics Co. Vice Chairman Jay Y. Lee, currently in Vietnam, has toured its smartphone, TV and other electronics plants there, as the compa...
Oct 22, 2020 (Gmt+09:00)
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