Class 1 Building and Construction guidelines
Scope
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Korean startups
Five startups join the ranks of unicorns in the first half of this year
Five South Korean startups joined the ranks of unicorns in the first half of 2022, the largest such figure for six months. With that, the total...
Jul 22, 2022 (Gmt+09:00)
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Aerospace & Defense
KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion
Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...
Jul 22, 2022 (Gmt+09:00)
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Korean startups
Online study assistant operator Bebridge receives $1.9 mn in pre-Series A
South Korean startup Bebridge Inc. announced Thursday it raised 2.5 billion won ($1.9 million) in pre-Series A round from Magna Investment, Bluepoin...
Jul 21, 2022 (Gmt+09:00)
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Batteries
Samsung SDI to build new battery plant in Malaysia by 2025
South Korea’s battery manufacturer Samsung SDI Co. held a groundbreaking ceremony for Plant 2 to make cylindrical batteries in Seremban, Mal...
Jul 21, 2022 (Gmt+09:00)
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Private equity
SK Square makes its first exit seeking new target firms
South Korean investment firm SK Square Co. has sold all of its shares in Korean biotech NanoEntek Inc., a 28.4% stake, for 58 billion won ($44.3 mil...
Jul 20, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix puts $3.3 billion factory plan on hold amid global uncertainty
SK Hynix Inc., the world’s second-largest memory chipmaker, has decided to hold off on a 4.3 trillion won ($3.3 billion) plan to build a new N...
Jul 20, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics to double CDMO capacity with new plants worth $5.3 bn
Samsung Biologics Co., the world’s largest contract drugmaker, plans to double its manufacturing capacity by building four additional plants w...
Jul 18, 2022 (Gmt+09:00)
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Future mobility
SK Telecom to take lead in UAM biz with telco know-how
BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...
Jul 17, 2022 (Gmt+09:00)
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Foreign exchange
Won may head to 1,400 against the dollar for 1st time since 2008-09 crisis
The South Korean won is expected to weaken to 1,400 against the dollar, a level not seen since the 2008-09 global financial crisis as the country&rs...
Jul 15, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Bain Capital, Lotte Chem. among shortlisted bidders for Iljin
A US private equity firm Bain Capital and South Korea’s major petrochemical manufacturer Lotte Chemical Corp. were among the shortlisted candi...
Jul 13, 2022 (Gmt+09:00)
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Construction & Planning
Samsung Engineering wins $680 mn gas plant project in Malaysia
Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...
Jul 13, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to build 1st Korea plant in 29 years
Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...
Jul 12, 2022 (Gmt+09:00)
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Alternative investments
Korean firms eye alternative assets for safer investments, survey finds
South Korean corporates are increasingly eyeing alternative assets seeking downside protection amid interest rate hikes and equity and bond price dr...
Jul 11, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor seeks more M&As, to build diagnostic kit plant in US
SD Biosensor Inc., the world's largest COVID-19 test kit seller, is seeking additional merger and acquisition targets in the US following its recent...
Jul 10, 2022 (Gmt+09:00)
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Korean startups
Hansol Paper joins Series A funding for RIU worth $1.5 mn
Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...
Jul 08, 2022 (Gmt+09:00)
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Real estate
SK Group set to buy landmark Seoul building for about $500 mn
South Korea’s second-largest conglomerate SK Group will be buying a landmark office building in a central business district of Seoul for aroun...
Jul 08, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn
SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring Meridian Bioscience ...
Jul 07, 2022 (Gmt+09:00)
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Electric vehicles
POSCO, LS Electric to build EV parts plants in Mexico
South Korea's POSCO International Co. broke ground on an electric vehicle parts plant in northern Mexico on July 6, while LS Electric Co. signed a t...
Jul 07, 2022 (Gmt+09:00)
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Foreign exchange
Korean won forecast to weaken further after hitting 13-year low
The South Korean won is expected to further depreciate after touching its lowest level since the 2008-2009 global financial crisis, on concerns that...
Jul 07, 2022 (Gmt+09:00)
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Construction
Hyundai E&C, Samsung Eng. partner with Saudi Aramco
South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...
Jul 06, 2022 (Gmt+09:00)
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Private equity
Small S.Korean PE firms flex muscle during pandemic
Private equity firms registered in South Korea enjoyed a 20% jump in their accumulated commitments in 2021 as a whole, led by small and medium-sized...
Jul 06, 2022 (Gmt+09:00)
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Economy
Korea faces risk from record $114 bn in inventory assets
South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...
Jul 06, 2022 (Gmt+09:00)
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Korean chipmakers
LG Innotek to invest $1.1 bn to ramp up substrate, camera module output
South Korea’s LG Innotek Co. said on Wednesday it will invest 1.4 trillion won ($1.1 billion) in expanding facilities for semiconductor substr...
Jul 06, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Unison Capital puts Korea dental scanner maker up for sale
Unison Capital Inc., a middle-market focused private equity firm, put the world’s third-largest 3D dental scanner maker on the market. The dea...
Jul 05, 2022 (Gmt+09:00)
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Energy
Hyundai Motor scraps LNG plant construction plan
Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...
Jul 01, 2022 (Gmt+09:00)
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IPOs
Korea’s Socar gets pushback for high valuation ahead of IPO
South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...
Jun 30, 2022 (Gmt+09:00)
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Corporate investment
LG eyes clean tech supremacy with $1.5 bn spending on green projects
South Korea’s fourth-largest conglomerate LG is setting its sights on clean energy technology as it steps up efforts to transform into an eco-...
Jun 30, 2022 (Gmt+09:00)
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IPOs
Mobility platform Socar targets $1.2 bn value for Aug IPO
South Korea’s car-sharing platform Socar Inc. has estimated its corporate value at up to 1.6 trillion won ($1.2 billion) for an initial public...
Jun 27, 2022 (Gmt+09:00)
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Bio & Pharma
1 in 4 biotech firms struggles with decreasing cash reserves
South Korea’s biotechnology firms – public and private alike – are facing increasingly negative financial conditions. T...
Jun 26, 2022 (Gmt+09:00)
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Korean stock market
S.Korea stocks see dead cat bounce; outlook remains gloomy
South Korea’s shares on Friday rebounded after tumbling in the previous two straight sessions, outperforming their peers in Asia, but few expe...
Jun 24, 2022 (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