Buy America Act
Scope
Date
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Mergers & Acquisitions
The Swing buys van-hailing service Tada for $19 mn
South Korea's personal mobility platform company The Swing Co. has acquired the management rights of the van-hailing service Tada.Negotiations betwe...
Jul 18, 2023 (Gmt+09:00)
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Beauty & Cosmetics
TPG to fully acquire cosmetics container firm Samhwa at around $237 mn
Texas-based private equity firm TPG Inc. is poised to fully acquire Samhwa Co., a South Korean cosmetic packaging supplier to global beauty powerhou...
Jul 14, 2023 (Gmt+09:00)
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Aerospace & Defense
KAI to ramp up fighter jet share with FA-50 delivery to Poland
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, started deliveries of fighter jets to Poland in a mo...
Jul 13, 2023 (Gmt+09:00)
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Fashion
NHN Commerce acquires Italian luxury brands retailer Ikonic
NHN Commerce, South Korea's major online company NHN Corp.'s shopping platform, announced on Tuesday its acquisition of a 77.8% stake in Ikonic Srl,...
Jul 11, 2023 (Gmt+09:00)
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Batteries
S.Korea’s imports of LFP cathode reverses to growth after 8 years
South Korea's imports of cathode materials used to make lithium ferrophosphate (LFP) batteries in the first five months of this year rose for the fi...
Jul 11, 2023 (Gmt+09:00)
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Batteries
LG Energy triples lithium orders from SQM for US benefits
LG Energy Solution Ltd., the world’s second-largest electric vehicle battery maker, agreed to nearly triple lithium procurement from Sociedad ...
Jul 07, 2023 (Gmt+09:00)
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Real estate
Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...
Jul 06, 2023 (Gmt+09:00)
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Electronics
Samsung faces scrutiny under new EU digital market rules
Samsung Electronics Co. is facing scrutiny by the European Union over its leading position in the internet browser market under the Digital Markets ...
Jul 05, 2023 (Gmt+09:00)
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Pension funds
NPS buys more Hyosung Heavy Industries, LS Electric shares in Q2
National Pension Service (NPS) of South Korea increased investments in local machinery, shipbuilding and semiconductor stocks in the second quarter ...
Jul 05, 2023 (Gmt+09:00)
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Aerospace & Defense
Indonesia yet to notify Korea of payment plan for joint fighter program
Indonesia has yet to provide South Korea with a timetable for payment on a joint fighter jet program as promised, undermining trust in Jakarta&rsquo...
Jul 03, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s SK to buy US bio JV stake from Roivant for $48 mn
SK Group, South Korea’s second-largest conglomerate, is set to purchase the entire stake in a US bio joint venture held by its partner, as the...
Jun 30, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Arkema buys S.Korea's PI Advanced for about $800 mn
Arkema, a French specialty materials producer, on Wednesday signed an agreement to purchase a 54.07% stake in South Korea’s PI Advanced Materi...
Jun 28, 2023 (Gmt+09:00)
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Business & Politics
Airplane hangar built in Heart of S.America by KOICA
The South Korean government's support for Paraguay, dubbed the "Heart of South America," to become an aviation maintenance hub is gaining momentum.K...
Jun 28, 2023 (Gmt+09:00)
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Regulations
EU’s new battery act comes with caveats; headache for Samsung, Apple
The European Union’s decision to go greener with batteries that cut carbon emissions and promote recycling comes with a few caveats, posing a ...
Jun 21, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's Daesang acquires US food company Lucky Foods
Daesang Corporation, a South Korean manufacturer of food and pharmaceutical ingredients, announced on Monday that it has acquired the US food compan...
Jun 19, 2023 (Gmt+09:00)
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Logistics
Hyundai Glovis acquires logistics automation SW company Altiall
South Korea's leading logistics company Hyundai Glovis Co. announced on Monday that it has signed a stock purchase agreement related to the acquisit...
Jun 19, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s top pharmaceutical distributor buys 25% of No. 2 Baekje Pharma
South Korea’s top pharmaceutical distributor Geo-young Co. has acquired 25% of market No. 2 Baekje Pharmaceutical.Geo-young on Tuesday said th...
Jun 14, 2023 (Gmt+09:00)
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Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...
Jun 13, 2023 (Gmt+09:00)
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K-pop
BTS 10th anniversary stamps available at Korea Post from June 13
South Korea's state-run postal service agency Korea Post announced on Monday that BTS commemorative stamps will be available at post offices from Ju...
Jun 12, 2023 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock buys $860 mn stake in S.Korean gas supplier
Global asset manager BlackRock has bought a 30% stake in South Korea’s industrial gas supplier AirFirst Co. for 1.11 trillion won ($860 millio...
Jun 09, 2023 (Gmt+09:00)
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Batteries
LG Energy, Novonix join hands for US EV battery material
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, has teamed up with Novonix Ltd., an Australian cell ingredi...
Jun 07, 2023 (Gmt+09:00)
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Korean stock market
Korean investors’ risky bet: Buy inverse ETFs as Kospi heads higher
Among the most cited stock market sayings by experts and laymen alike are “buy the dips” or “sell on news” – tim...
Jun 05, 2023 (Gmt+09:00)
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Batteries
SKIET signs deal to supply secondary battery separators to N.America
SK IE Technology Co. (SKIET), an SK Innovation-affiliated manufacturer of secondary battery separators, is set to move into the North American marke...
Jun 02, 2023 (Gmt+09:00)
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Batteries
LG Energy to expand smart factory systems to N.America JVs
South Korea’s LG Energy Solution Ltd. will introduce smart manufacturing systems to all its joint venture battery plants under construction in...
Jun 01, 2023 (Gmt+09:00)
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Bio & Pharma
Medtronic to buy S.Korean insulin patch maker for $738 mn
Medtronic Plc., a Dublin, Ireland-based medical device maker, is set to acquire EOFlow Co., a South Korean wearable insulin patch maker, for $738 mi...
May 26, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare launches Remsima SC in Brazil
South Korean biopharmaceutical company Celltrion Healthcare Co. revealed on Monday its introduction of Remsima SC, a treatment for autoimmune diseas...
May 22, 2023 (Gmt+09:00)
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Korean stock market
Foreigners gobble up chip stocks in S.Korea, buoying overall Kospi
Foreign investors' appetite for South Korean stocks remains insatiable, mainly for semiconductor heavyweights, underscoring their high expectations ...
May 19, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SKC to buy controlling stake in chip test maker ISC for about $300 mn
SKC Ltd., a South Korean chemical materials company, is slated to buy a controlling stake in semiconductor chip test maker ISC Co., in a deal estima...
May 19, 2023 (Gmt+09:00)
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Batteries
LG Energy Solution secures lithium concentrate in N.America
South Korea's battery maker LG Energy Solution Ltd. announced on Friday that it has signed a lithium concentrate supply contract with Australian c...
May 19, 2023 (Gmt+09:00)
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Electronics
Samsung Display buys US OLED microdisplay maker for $218 mn
South Korea's Samsung Display has bought American OLED microdisplay maker eMagin for $218 million (290 billion won).eMagin on Wednesday said Samsung...
May 18, 2023 (Gmt+09:00)
Latest News
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