2023 TCR World Tour
Scope
Date
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Electronics
LG launches world’s first 42-inch OLED TV in UK at £1,399
South Korea’s LG Electronics Inc. has launched the world’s first 42-inch OLED TV, which the company said is ideal for game consoles such...
Feb 18, 2022 (Gmt+09:00)
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Korean startups
Korean drone manufacturer aims for 2023 Kosdaq IPO
South Korea's commercial drone manufacturer Nearthlab plans to apply for an initial public offering this year to get listed on the junior Kosdaq mar...
Feb 17, 2022 (Gmt+09:00)
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Bio & Pharma
Lotte to develop seawater-degradable bioplastic material
South Korea’s Lotte Chemical Corp. plans to develop a decomposable bioplastic material in seawater for production based on petrochemicals for ...
Feb 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
PI Advanced up for sale in deal estimated at $1 bn
Seoul-based Glenwood Private Equity is putting a majority stake in South Korea's PI Advanced Materials Co., the world's largest polyimide (PI) film ...
Feb 15, 2022 (Gmt+09:00)
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Pre-IPOs
IMM to invest $120 mn in SoftBank-backed subtitle firm
South Korea's IMM Investment Corp. has agreed to invest 140 billion won ($120 million) in Iyuno-SDI Group, valuing the world's largest dubbing and s...
Jan 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Megazone Cloud to attract up to $336 mn for 2023 IPO
Megazone Cloud Corp., a leading cloud service provider and the first Korean business partner of Amazon Web Service (AWS), plans to attract 300 billi...
Jan 20, 2022 (Gmt+09:00)
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Alternative investments
Lotte acquires Chicago-based hotel for $36 mn K-style rebrand
Hotel Lotte Co., retail conglomerate Lotte Group’s luxury hotel operator, completed the acquisition of Kimpton Hotel Monaco in Chicago for $...
Jan 17, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Elec paves way for computer without CPU
Samsung Electronics Co., the world’s top memory chip maker, succeeded in developing in-memory computing technology that allows running a compu...
Jan 14, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor aims to triple Genesis G90 sales by 2023
Hyundai Motor Co. said on Thursday it aims to triple the global sale of the Genesis G90 over the next couple of years by launching the flagship luxu...
Jan 13, 2022 (Gmt+09:00)
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Private equity
Baillie Gifford, Allianz increase holdings in 3D tech firm Koh Young
Global asset managers are increasing shareholdings in Koh Young Technology Inc., Korea’s leading 3D image measurement tech firm listed ...
Jan 13, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor’s Alabama plant: World’s second most productive
Hyundai Motor Co.'s US manufacturing plant in Montgomery, Alabama is the world’s second most productive assembly plant, contributing to the So...
Jan 11, 2022 (Gmt+09:00)
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Pre-IPOs
SK Pharmteco to raise up to $498 mn on $5 bn valuation
SK Pharmteco, a contract development and manufacturing organization (CDMO) for pharmaceuticals, is slated to raise 400 billion ($332.2 million) to 6...
Jan 10, 2022 (Gmt+09:00)
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Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...
Jan 07, 2022 (Gmt+09:00)
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Future mobility
Hyundai looks beyond cars to link real, virtual worlds in metamobility
LAS VEGAS – Hyundai Motor Co. has unveiled its grand ambitions to pioneer the use of robotics in both the real world and the virtual sphere, c...
Jan 05, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC eyes tech, healthcare, telecoms via PE and VC
Korea Investment Corporation (KIC) aims to increase alternative investment to 25% of its total investment by 2025 as well as rank among the world's ...
Jan 05, 2022 (Gmt+09:00)
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Economy
Korea 2021 exports hit record on strong sales of key products
South Korea’s exports last year hit a record on strong sales of key products such as semiconductors, automobiles and petrochemicals.Exports su...
Jan 02, 2022 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor unveils world’s first hydrogen garbage truck
Hyundai Motor Group revealed a clip of the world’s first hydrogen-powered garbage truck Thursday. The video titled “Dear My Hero” ...
Dec 30, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK Hynix wins China’s approval for $9 billion Intel NAND acquisition
SK Hynix Inc. has received approval from China’s antitrust regulator for its $9 billion deal to acquire Intel Corp.’s NAND memory chip b...
Dec 23, 2021 (Gmt+09:00)
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Hyundai Motor to showcase gamut of mobility tech at CES 2022
Come January, Hyundai Motor Co. will showcase the whole gamut of mobility technology at CES 2022.On Thursday, the automaker released a teaser photo ...
Dec 23, 2021 (Gmt+09:00)
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Alternative investments
IGIS pre-purchases Amazon, FedEx warehouses
IGIS Asset Management Co., South Korea’s largest real estate asset manager, has made a forward funding deal of three logistics centers under...
Dec 22, 2021 (Gmt+09:00)
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Metaverse
Strong Ventures, KB Investment invest in K-pop metaverse
South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...
Dec 21, 2021 (Gmt+09:00)
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Steel
POSCO to spend $830 mn to build lithium plant in Argentina
South Korea's POSCO Group has earmarked $830 million for spending on a new plant in Argentina to extract lithium hydroxide, a material for electric ...
Dec 16, 2021 (Gmt+09:00)
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Metaverse
Krafton enters metaverse space with investment in Naver’s Zepeto
Krafton Inc., one of South Korea’s major game developers, is entering the metaverse space by investing 5 billion won ($4.2 million) in Zepeto,...
Dec 06, 2021 (Gmt+09:00)
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Metaverse
Metaverse emerges as promising yet uncertain new world for investors
Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...
Dec 03, 2021 (Gmt+09:00)
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Entertainment
Inspire secures $1.6 bn for its luxury resort project in Incheon
Inspire Integrated Resort Co., a South Korean resort developer and 100% affiliate of US casino and gaming company Mohegan Gaming & Entertainme...
Nov 29, 2021 (Gmt+09:00)
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Future mobility
Hyundai to run IONIQ 5 self-driving robotaxi pilot service in H1, 2022
South Korea’s top automaker Hyundai Motor Co. will launch a pilot service of its first autonomous robotaxi based on its electric SUV, the IONI...
Nov 25, 2021 (Gmt+09:00)
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Bio & Pharma
Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics
South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...
Nov 23, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai launches electrified GV70’s global premiere in China to boost sales
Hyundai Motor Co. has unveiled an electric variant of the GV70, a premium SUV under its standalone Genesis brand, for the first time globally at a C...
Nov 19, 2021 (Gmt+09:00)
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Carbon neutrality
LG Chem, GS Caltex to produce biodegradable plastic material
South Korea’s top petrochemical maker LG Chem Ltd. and the No. 2 refiner GS Caltex Corp. have agreed to jointly produce a biodegradable plasti...
Nov 19, 2021 (Gmt+09:00)
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Entertainment
BTS, TWICE to lead restart of K-pop global live concerts
K-pop artists such as BTS and TWICE are set to resume global live concerts – suspended by the global pandemic for about two years – as c...
Nov 17, 2021 (Gmt+09:00)
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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