Committee of Foreign Investments in the US
Scope
Date
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Business & Politics
Naver, E-Mart in share swap talks ahead of Coupang's US IPO
South Korea’s largest online platform Naver Corp. has tentatively agreed to swap its shares with E-Mart Inc., Shinsegae's supermarket chain, a...
Mar 10, 2021 (Gmt+09:00)
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Automobiles
LG Electronics eyes growth potential in US auto parts market
LG Electronics Inc. is aggressively expanding its automobile components business in the North American market – a move that is expected to hel...
Mar 09, 2021 (Gmt+09:00)
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Energy
SK Innovation divests of stakes in US shale oil fields
SK Innovation Co. has sold its entire ownership in its US shale oil fields and their relevant facilities, in line with its parent group's efforts to...
Mar 08, 2021 (Gmt+09:00)
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Hydrogen economy
S-Oil invests in fuel cell maker to enter hydrogen energy market
South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...
Mar 08, 2021 (Gmt+09:00)
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Batteries
US' ITC says 10-year import ban on SK not excessive
The US International Trade Commission (ITC) has stated that the 10-year exclusion order prohibiting SK Innovation Co. from importing battery product...
Mar 05, 2021 (Gmt+09:00)
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Batteries
US politicians urge review of ITC ruling over LG, SK battery dispute
The trade secret dispute between LG Energy Solution Ltd. and SK Innovation Co. is taking a new turn as US state politicians raise their voices again...
Mar 04, 2021 (Gmt+09:00)
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Venture capital
Seed investors shy from investing in early stage startups amid pandemic
Early stage startups are almost always risky ventures, promising but unprofitable, and far from market-ready – often making it challenging to ...
Mar 03, 2021 (Gmt+09:00)
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IPOs
Coupang set to raise $3.6 bn via US listing; eyes throne as platform giant
South Korea's e-commerce giant Coupang Corp. is looking to raise up to $3.6 billion via its initial public offering on the New York Stock Exchange -...
Mar 02, 2021 (Gmt+09:00)
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Pension funds
NPS beefs up investments in growth PEFs in 2020
The National Pension Service boosted investments in private equity deals involving high-growth internet and software companies last year, while dive...
Mar 02, 2021 (Gmt+09:00)
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IPOs
Hyundai Heavy hires Korea Investment, 4 others as IPO managers
South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...
Mar 02, 2021 (Gmt+09:00)
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Private equity
Bain Capital to invest $360 mn in Korea’s top ERP developer
Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software d...
Mar 02, 2021 (Gmt+09:00)
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Pension funds
NPS begins process to venture into multi-asset investments
South Korea’s National Pension Service (NPS) has begun a process to initiate multi-asset investment as part of an effort to create higher retu...
Feb 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Naver invests €115 mn in Spain’s virtual marketplace Wallapop
Naver Corp., South Korea’s top online portal, has invested €115 million in Wallapop, a Spanish virtual marketplace, as part of its effort...
Feb 25, 2021 (Gmt+09:00)
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Pension funds
NPS inks over $20 bn in overseas alternative investments via partnerships
The National Pension Service (NPS) signed new contracts worth around 23 trillion won ($20.1 billion) abroad in alternative investments last year, de...
Feb 25, 2021 (Gmt+09:00)
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Shareholder activism
US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off
US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...
Feb 25, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor hires US aerospace expert as UAM business CTO
Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...
Feb 24, 2021 (Gmt+09:00)
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Alternative investments
GEPS earmarks $135 mn for first global infra investment
South Korea's Government Employees Pension Service (GEPS) is planning to commit a combined 150 billion won ($135 million) to three global infrastr...
Feb 22, 2021 (Gmt+09:00)
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Korean games
Netmarble buys majority stake in US game maker Kung Fu Factory
Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...
Feb 22, 2021 (Gmt+09:00)
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Interview
Former Korean Wall Street sheriff joins US PEF board
New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former se...
Feb 22, 2021 (Gmt+09:00)
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Shareholder value
Young, female, foreign: Hyundai Motor Group’s new BOD
South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...
Feb 21, 2021 (Gmt+09:00)
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IPOs
S.Korean govt pushes dual-class share structure amid Coupang US listing
South Korea's ruling Democratic Party is set to pass a bill that will allow a dual-class share structure for unlisted companies next month amid grow...
Feb 19, 2021 (Gmt+09:00)
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Pre-IPOs
Carlyle seals $200 mn investment in Kakao Mobility
The Carlyle Group has agreed to buy $200 million worth of new shares in Kakao Mobility Corp. as a pre-IPO investment in the transportation arm of So...
Feb 18, 2021 (Gmt+09:00)
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Alternative investments
NPS makes first investment in timberland via UK fund
The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...
Feb 18, 2021 (Gmt+09:00)
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Private equity
Korean PE firm to reap hefty returns from US bio investment
Medivate Partners, South Korea’s life science-focused private equity firm, is set to secure more than 2.5 times its investment of around 60 bi...
Feb 18, 2021 (Gmt+09:00)
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IPOs
Naver Webtoon targets US listing by year-end
Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.S...
Feb 17, 2021 (Gmt+09:00)
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Korean startups
Shinsegae VC firm invests in ride-sharing giant Grab
South Korean retail giant Shinsegae Group's corporate venture capital (CVC) fund Signite Partners has invested in Grab Holdings Inc., a Southeast As...
Feb 16, 2021 (Gmt+09:00)
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Private debt
Korean investors face $270 mn loss on Las Vegas hotel loans
South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...
Feb 12, 2021 (Gmt+09:00)
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Electronics
LG Display to invest $750 million in Vietnam OLED module plant
LG Display Co., a major South Korean display panel maker, will invest $750 million in its display plant in Vietnam to meet rising demand from electr...
Feb 08, 2021 (Gmt+09:00)
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Alternative investments
Hana Alternative acquires US office building for $201 mn
South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...
Feb 04, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia post strong US sales on SUV, Genesis
Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...
Feb 03, 2021 (Gmt+09:00)