2-6 Bowes Street
Scope
Date
~
-
Alternative investments
NPS, Hines ink $2.5 bn US redevelopment project
South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&...
Sep 23, 2021 (Gmt+09:00)
-
EV Batteries
SK Innovation to supply batteries to Hyundai IONIQ 7
SK Innovation Co. is set to supply batteries for the IONIQ 7, Hyundai Motor Co.’s large electric sport utility vehicle (SUV) to be unveiled in...
Sep 22, 2021 (Gmt+09:00)
language -
Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 22, 2021 (Gmt+09:00)
-
Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 15, 2021 (Gmt+09:00)
language -
S.Korea's potential growth rate drops to record low
The COVID-19 pandemic has dampened South Korea's growth potential between this year and the next by 0.2 percentage points to its historic low of 2.0...
Sep 14, 2021 (Gmt+09:00)
language -
Automobiles
Hydrogen yet to boost Hyundai, Kia stocks
Hyundai Motor Co. and Kia Corp., South Korea’s top two automakers, remained sluggish in the local stock market despite their hydrogen industry...
Sep 13, 2021 (Gmt+09:00)
language -
Petrochemicals
DL Chem to spend $2 bn on petrochemical expansion
DL Chemical Co., the petrochemical arm of South Korea's DL Group, will spend 2 trillion won ($1.7 billion) over the next five years to sharply boost...
Sep 12, 2021 (Gmt+09:00)
language -
Hydrogen economy
Korean conglomerates bet big on hydrogen, launch H2 council
South Korea’s major conglomerates are going big on hydrogen, launching a business council and investing heavily in related projects to gain th...
Sep 08, 2021 (Gmt+09:00)
-
Economy
Korea inflation remains at 9-year high, fanning views of more rate hikes
South Korea’s consumer inflation remained at a nine-year peak in August, adding to expectations that the central bank will raise interest rate...
Sep 02, 2021 (Gmt+09:00)
-
IPOs
Kakao Pay cuts IPO price by 6% for October listing
Kakao Pay Corp., the digital settlement platform unit of South Korea’s top messaging app operator Kakao Corp., has slashed its initial publi...
Aug 31, 2021 (Gmt+09:00)
-
Banking & Finance
K Bank valued at $6.9 billion, needs to expand loans: Morgan Stanley
K Bank, the digital banking unit of South Korea’s telecom giant KT Corp., is valued at 8 trillion won ($6.9 billion) and could further raise i...
Aug 31, 2021 (Gmt+09:00)
-
Electric vehicles
Global automakers' new battle field: small EVs
Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...
Aug 30, 2021 (Gmt+09:00)
language -
Korean games
Netmarble sells shares of Kakao units to raise $700 mn in August
South Korea’s Netmarble Corp. has earned 816.9 billion won ($703 million) so far in August alone by selling shares of KakaoBank Corp. and Kaka...
Aug 29, 2021 (Gmt+09:00)
-
Real estate
NPS in $2 bn real estate development project in Seoul
The National Pension Service (NPS) has agreed to participate in a 2.6 trillion won ($2.2 billion) real estate development project in western Seoul, ...
Aug 26, 2021 (Gmt+09:00)
-
Corporate investment
LG Chem to spend $2.2 billion to build 10 new eco-friendly factories
LG Chem Ltd., South Korea’s top chemical maker, said on Thursday it is spending 2.6 trillion won ($2.2 billion) to strengthen its green busine...
Aug 19, 2021 (Gmt+09:00)
language -
Korean startups
Korea's top online flea market startup value up to $2.6 bn
South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...
Aug 18, 2021 (Gmt+09:00)
language -
Electronics
LG Display to invest $2.8 billion in small OLED line to rival Samsung
South Korea’s LG Display Co. said on Tuesday it will invest 3.3 trillion won ($2.8 billion) in small-sized panels for smartphones and tablets ...
Aug 17, 2021 (Gmt+09:00)
language -
Energy
KOGAS cuts import costs on Qatari LNG with COVID-19 kits
Korea Gas Corp. (KOGAS) cut imports costs on liquefied natural gas (LNG) from Qatar for 20 years thanks to COVID-19 test kits.KOGAS signed on July 1...
Aug 17, 2021 (Gmt+09:00)
-
Mergers & Acquisitions
Vietnam's Masan Group to attract $200 mn from Korean PE
Masan Group Corp., Vietnam's leading conglomerate with a diverse range of businesses ranging from food and consumer goods to financial services, wil...
Aug 17, 2021 (Gmt+09:00)
language -
Electric vehicles
Hyundai to delay launch of IONIQ 6 for redesign, longer mileage
Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...
Aug 16, 2021 (Gmt+09:00)
language -
IPOs
Shinsegae's e-commerce arm SSG.COM seeks 2022 IPO
SSG.COM, the e-commerce brand of South Korea's retail titan Shinsegae Inc., has begun the process to go public next year, with its valuation estimat...
Aug 13, 2021 (Gmt+09:00)
-
Capital raising
SK E&S' $2 bn preferred share deal shortlisted to four candidates
SK E&S Co., the largest city gas supplier in South Korea, has shortlisted four candidates among seven preliminary bidders to invest in 2 trillio...
Aug 13, 2021 (Gmt+09:00)
-
M&As
MBK Partners to sell Doosan Machine Tools for $2.1 bn
MBK Partners, a North Asia-focused private equity firm, agreed to sell South Korean Doosan Machine Tools at $2.1 billion to the country’s DTR ...
Aug 13, 2021 (Gmt+09:00)
language -
Foreign exchange
Korean won at 11-month low as foreigners dump $6.1 bn in stocks this week
The South Korean won tumbled to a near 11-month low as foreign investors dumped $6.1 billion in local stocks this week much more than their total se...
Aug 13, 2021 (Gmt+09:00)
language -
Economy
Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey
South Korea and Turkey have signed a $2 billion currency swap agreement to boost bilateral trade and strengthen cooperation in the financial sector,...
Aug 12, 2021 (Gmt+09:00)
-
IPOs
Valuation woes weigh down Krafton on Kospi debut
South Korean game developer Krafton Inc. made a disappointing local stock market debut on Aug. 10 amid concerns of overvaluation.Krafton opened at 4...
Aug 10, 2021 (Gmt+09:00)
-
Shipping & Shipbuilding
Hyundai Heavy wins third offshore plant project in 2021
Hyundai Heavy Industries Group’s shipbuilding unit Korea Shipbuilding & Offshore Engineering (KSOE) has landed its third large-scale offsh...
Aug 06, 2021 (Gmt+09:00)
-
Energy
Korean companies’ race heats up in $2.8 tn global wind farm markets
The global offshore wind power generation equipment market is heating up with cut-throat competition among South Korean companies. The country&rsquo...
Aug 05, 2021 (Gmt+09:00)
language -
Capital raising
KKR, IMM PE in bid for SK E&S' $2 bn preferred shares
KKR & Co., IMM Private Equity and Glenwood Private Equity are among the preliminary bidders for 2 trillion won ($1.9 billion) worth of new prefe...
Aug 04, 2021 (Gmt+09:00)
-
Automobiles
Hyundai, Kia US sales slower despite strong growth
Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...
Aug 04, 2021 (Gmt+09:00)
language
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer