Chuncheon Plant No. 2
Scope
Date
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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)
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Energy
LG Chem to power China battery plants with 100% renewable energy
South Korea’s LG Chem Ltd. says it is powering its two battery component plants in China with 100% renewable energy purchased from Chinese p...
Aug 10, 2021 (Gmt+09:00)
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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)
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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)
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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)
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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)
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Carbon neutrality
Hanwha, Korea Western Power to test mixed hydrogen combustion
Hanwha General Chemical Co. and Korea Western Power Co. joined hands for the first test in the country to use mixed hydrogen combustion technologies...
Aug 03, 2021 (Gmt+09:00)
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Corporate bonds
KOMIPO raises $300 mn in dollar bonds at lower-than-expected cost
Korea Midland Power Co. (KOMIPO) raised $300 million in a dollar corporate bond at a lower interest rate than planned on strong demand among foreign...
Aug 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Netmarble bets $2.2 bn on global social casino game market
South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...
Aug 03, 2021 (Gmt+09:00)
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Petrochemicals
Lotte to resume $4.4 bn Indonesia petrochemical project next year
Lotte Group plans to resume a $4.4 billion petrochemical project in Indonesia next year as it aims to expand the business in Southeast Asia where de...
Aug 01, 2021 (Gmt+09:00)
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Earnings
Hyosung Group still going strong with stellar Q2 earnings
South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...
Jul 30, 2021 (Gmt+09:00)
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EV Batteries
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
Jul 29, 2021 (Gmt+09:00)
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Batteries
POSCO to build $200 mn nickel refining plant to ramp up battery materials
POSCO, the world’s fifth-largest steelmaker by output, said on Wednesday it is spending 230 billion won ($200 million) to build a nickel sulfa...
Jul 28, 2021 (Gmt+09:00)
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IPOs
Tencent, Korea Value poised to see sixfold return from KakaoBank
Chinese technology giant Tencent Holdings, Korea Value Asset Management Co. and South Korea's top lender Kookmin Bank are among a group of sharehold...
Jul 27, 2021 (Gmt+09:00)
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EV Batteries
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Jul 27, 2021 (Gmt+09:00)
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Earnings
SK Hynix sees robust chip demand for rest of year after strong Q2 sales
SK Hynix Inc., the world’s second-largest memory chipmaker, on Tuesday posted its highest quarterly profit and sales in nearly three years on ...
Jul 27, 2021 (Gmt+09:00)
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ESG
SK, China's Joyvio to launch $90 mn alternative food fund
SK Inc., the investment arm of South Korea's SK Group, will launch a 100 billion won ($90 million) fund jointly with Joyvio Group, a unit of Chinese...
Jul 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
GS Energy to sell half of thermal power plant unit to IMM
GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...
Jul 23, 2021 (Gmt+09:00)
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IPOs
KakaoBank's IPO draws $2 tn in bids despite valuation debate
The initial public offering of South Korea's KakaoBank has drawn the largest-ever amount of bids from institutional investors for a domestic listing...
Jul 22, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., th...
Jul 19, 2021 (Gmt+09:00)
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Battery materials
SK Materials to form a JV with US battery startup Group14 Technologies
SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...
Jul 19, 2021 (Gmt+09:00)
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ESG
LG Elec to shift to 100% renewable energy by 2050
LG Electronics Inc. on Sunday unveiled a plan to make a complete transition into renewable energy for its operations both at home and abroad by 2050...
Jul 18, 2021 (Gmt+09:00)
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EV Batteries
LG Chem to form separator JV with Japan’s Toray
LG Chem Ltd., South Korea’s top chemical maker, and Japan’s Toray Industries Inc. will set up a joint venture (JV) for separators, cor...
Jul 16, 2021 (Gmt+09:00)
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Corporate bonds
KT to raise $300 mn in dollar bond at record-low rates
KT Corp., a South Korea's telecom company, is set to raise $300 million in a dollar corporate bond at the lowest interest rate for its foreign curre...
Jul 15, 2021 (Gmt+09:00)
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Cosmetics
Strong China sales lift Cosmax shares 20% in two months
Korea’s leading cosmetics manufacturer Cosmax Inc.’s share price is skyrocketing this year, thanks to the company's strong performance i...
Jul 13, 2021 (Gmt+09:00)
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Chemical Industry
LG Chem challenges top latex player Kumho with aggressive expansion
South Korea’s top chemical maker LG Chem Ltd. has vowed to leapfrog crosstown rival Kumho Petrochemical Co. to become the world’s top la...
Jul 12, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Debt-ridden Ssangyong to sell car plant in self-rescue drive
Ssangyong Motor Co., the debt-ridden South Korean unit of India’s Mahindra and Mahindra Ltd. now in court receivership, has decided to sell it...
Jul 12, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix outplays Kioxia as world’s No.2 smartphone NAND flash maker
South Korea’s SK Hynix Inc. has clinched a surprise second spot in the world’s NAND flash market for smartphones. According to the marke...
Jul 11, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical to bolster EV presence with 60,000-ton cathode plant
POSCO Chemical Co. will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of...
Jul 08, 2021 (Gmt+09:00)
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Entertainment
Netflix joins hands with Dexter Studios for visual, sound effects
Netflix Inc. has entered into a two-year partnership with South Korea's leading post-production studio which creates digital images and mixes sound ...
Jul 06, 2021 (Gmt+09:00)
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