5-ton hydrogen forklifts
Scope
Date
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Mergers & Acquisitions
MBK seeks to exit Korea’s Lotte Card for over $2.5 bn
MBK Partners is in the early stages of talks with telecom operator KT Corp. and other potential bidders to sell its majority stake in South Korea's ...
Mar 31, 2022 (Gmt+09:00)
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Private equity
MBK sees most productive year ever, returning $5.3 bn to investors
MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...
Mar 30, 2022 (Gmt+09:00)
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Companies
Kiturami Boiler bets on chip, battery facility systems
Choi Jin-min, founder and chairman of Kiturami Boiler Co., is one of the few living witnesses in South Korea's boiler history. At the age of 21, he ...
Mar 30, 2022 (Gmt+09:00)
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Carbon neutrality
POSCO, Hancock partner for low-carbon steel materials production
South Korea’s top steelmaker POSCO Co. and Hancock Prospecting Pty Ltd, a leading Australian mining firm, are slated to collaborate in low-car...
Mar 30, 2022 (Gmt+09:00)
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Market Trend
Koreans return to foreign stock funds for bargain hunting
South Korean funds for overseas stock investments enjoyed the return of money to buy growth shares in the US on dips this year, while local investor...
Mar 29, 2022 (Gmt+09:00)
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Private equity
MBK sees most productive year ever, returning $5.3 bn to investors
MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...
Mar 27, 2022 (Gmt+09:00)
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Corporate restructuring
Lotte Group’s confectionery and food shares jump 5% on merger news
Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...
Mar 25, 2022 (Gmt+09:00)
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Future mobility
Kia plans new Korea plant first time in 25 years for purpose-built vehicles
Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...
Mar 24, 2022 (Gmt+09:00)
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Batteries
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...
Mar 22, 2022 (Gmt+09:00)
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Korean startups
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
Mar 21, 2022 (Gmt+09:00)
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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...
Mar 17, 2022 (Gmt+09:00)
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Automobiles
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...
Mar 16, 2022 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups
LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...
Mar 16, 2022 (Gmt+09:00)
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Batteries
POSCO to build largest solid electrolyte plant for batteries
POSCO Group, the world’s sixth-largest steelmaker, said on March 14 it has started construction on a solid electrolyte manufacturing facilit...
Mar 15, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy targets $2.5 bn Saudi escort ships deal
South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...
Mar 11, 2022 (Gmt+09:00)
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Carbon neutrality
SK E&S to start business of carbon storage in depleted gas fields
South Korea’s SK E&S Co. is set to enter the business of carbon storage in depleted gas fields.The natural gas business unit of SK Group s...
Mar 10, 2022 (Gmt+09:00)
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Batteries
POSCO Chem, GM to build $400 mn battery material plant in Canada
South Korea’s POSCO Chemical Co. and US top automaker General Motors Co. decided to build a battery material plant in Canada.POSCO Chemical an...
Mar 08, 2022 (Gmt+09:00)
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Electric vehicles
IONIQ 5, Niro February sales beat global EVs in Europe
Hyundai Motor Group’s electric vehicle sales in Europe are rapidly rising. Hyundai Motor Co.'s IONIQ 5, launched in Norway in May 2021, topped...
Mar 07, 2022 (Gmt+09:00)
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Corporate investment
Hyosung to expand carbon fiber production for hydrogen tanks
South Korea’s Hyosung Advanced Materials Corp. is expanding its carbon fiber production by adding a third line to meet the growing demand for ...
Mar 03, 2022 (Gmt+09:00)
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Corporate restructuring
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...
Mar 02, 2022 (Gmt+09:00)
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Pension funds
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...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
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...
Feb 28, 2022 (Gmt+09:00)
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Automobiles
Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany
Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...
Feb 28, 2022 (Gmt+09:00)
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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...
Feb 27, 2022 (Gmt+09:00)
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Infrastructure
Partners Group wins $620 mn Korean LPs mandate for infra
Some major institutional investors of South Korea have committed a combined $620 million to Partners Group’s third direct infrastructure progr...
Feb 25, 2022 (Gmt+09:00)
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Economy
S.Koreans' global shareholdings at record $588.5 bn
South Korean institutional and retail investors sharply raised their risk appetite last year, gobbling up Nasdaq-listed technology stocks such as Te...
Feb 24, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
Feb 24, 2022 (Gmt+09:00)
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Carbon neutrality
US Novelis to build $53 mn aluminum recycle center in Korea
Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...
Feb 22, 2022 (Gmt+09:00)
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Earnings
Kakao slips below Naver in Q4 revenue
South Korea’s tech giant Kakao Corp. reported 4Q revenue of 1.78 trillion won ($1.5 billion) in 2021, a 45% jump on-year. The figure is slight...
Feb 11, 2022 (Gmt+09:00)
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Petrochemicals
Korea’s YNCC shuts petrochem plant after explosion kills four
YEOSU, South Jeolla Province -- Yeochun NCC (YNCC) Co., South Korea’s major petrochemical producer, shut down one of its plants on Friday afte...
Feb 11, 2022 (Gmt+09:00)