Daesung Industrial Gases
Scope
Date
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Mergers & Acquisitions
Lotte acquires Ministop Korea for $260 mn from Aeon
South Korea's Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country's fifth-largest con...
Jan 23, 2022 (Gmt+09:00)
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Korean chipmakers
Hanmi, other chip machine makers to benefit from TSMC capex hike
Hanmi Semiconductor Co., a chip equipment supplier to global foundry leader Taiwan Semiconductor Manufacturing Co. (TSMC), has posted record profit ...
Jan 20, 2022 (Gmt+09:00)
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Joint ventures
Doosan to build Saudi Arabia's largest steel casting plant
Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...
Jan 20, 2022 (Gmt+09:00)
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Alternative investments
Hana jointly acquires Boston-based multifamily for $262 mn
Hana Alternative Assets Management Co. and a US asset manager acquired a tower of luxury multifamily housing assets in Seaport Boulevard, Bost...
Jan 18, 2022 (Gmt+09:00)
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Metaverse
DoubleU invests $1.5 million in Epic Games
South Korea’s DoubleU Games Co. announced Friday that its subsidiary DoubleDown Interactive LLC invested $1.5 million in North Carolina-base...
Jan 14, 2022 (Gmt+09:00)
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Earnings
POSCO logs record profit on steel supercycle in 2021
POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...
Jan 12, 2022 (Gmt+09:00)
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Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Jan 12, 2022 (Gmt+09:00)
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Biotech
SK invests $350 mn in US CDMO firm
SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...
Jan 10, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor beats Honda in US for the first time in its 35 years there
South Korea’s top automaker Hyundai Motor Group beat Japanese rival Honda Motor Co. in the US last year, for the first time in its 35 years of...
Jan 06, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy partners with Palantir for big data platform
South Korea’s Hyundai Heavy Industries Group joined forces with US data analytics firm Palantir Technologies Inc. to set up a big data platfor...
Jan 05, 2022 (Gmt+09:00)
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CES 2022
Convergence, metaverse, green: Korea Inc.’s themes at CES 2022
South Korea’s major companies are showcasing robots, mobility and the metaverse rather than cutting-edge models of their conventional products...
Jan 04, 2022 (Gmt+09:00)
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E-commerce
Coupang embraces affordable fashion industry
Korea’s e-commerce giant Coupang is looking to tap into the country’s mid-range fashion market. The company is now reversing the ...
Dec 21, 2021 (Gmt+09:00)
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Korean chipmakers
Chipmakers eye shorter memory downturn
Global memory chipmakers, including market leader Samsung Electronics Co., expect the current industry downcycle to be shorter than expected, with v...
Dec 21, 2021 (Gmt+09:00)
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Blockchain
Korea's gaming industry turns to blockchain, unwavered by Seoul’s policy
Come next year, Korea’s online game developers are poised to release a number of games on blockchain platforms.The companies have lined up the...
Dec 20, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung supplies self-driving, infotainment chips to global carmaker
Samsung Electronics Co. is supplying advanced memory chips to an unidentified global automaker for use in its self-driving and infotainment systems....
Dec 16, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix makes industry’s highest density 24Gb DDR5 DRAM chip
South Korea’s SK Hynix Inc. said on Wednesday it has shipped samples of 24 Gigabit (Gb) double data rate 5 (DDR5) DRAM, the industry’s h...
Dec 15, 2021 (Gmt+09:00)
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Economy
South Korea moves to join CPTPP free trade pact as China fears ease
South Korea has officially declared its plan to join a mega Trans-Pacific free trade deal, called the CPTPP, following China’s application to ...
Dec 14, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy, DSME merger set for collapse on expected EU veto
The European Union’s expected objection to the combination of the world’s two largest shipbuilders – Hyundai Heavy Industries Co. ...
Dec 12, 2021 (Gmt+09:00)
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Advanced materials
SK’s holding firm completes merger with materials arm
SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...
Nov 30, 2021 (Gmt+09:00)
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Machinery
Doosan aims to raise $1.3 bn in rights offering
Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Group’s subsidiary, agreed to raise 1.5 trillion won ($1.3 ...
Nov 28, 2021 (Gmt+09:00)
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Korean startups
NFT, metaverse shares face correction, hit by high valuations
Financial shares related to the metaverse and non-fungible tokens, which have been on a surge in recent weeks, are seeing a correction. With forei...
Nov 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chemical seeks to acquire Japanese specialty chemical firms
Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...
Nov 22, 2021 (Gmt+09:00)
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Pension funds
SEMA sees growth in young members
Backed by the growth of the information technology and bio-related industries in South Korea, Korea Scientists and Engineers Mutual-Aid Associatio...
Nov 16, 2021 (Gmt+09:00)
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Supply chain
Deepening diesel exhaust fluid crisis puts Korea’s key industries at risk
The diesel exhaust fluid (DEF) shortage in South Korea stemming from China's suspension of urea exports is getting worse, as local DEF inventories a...
Nov 05, 2021 (Gmt+09:00)
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Ares Management
[ASK 2021] Blending US Core & Non-Core Investments to Capitalize on the High Conviction Industrial Sector
Blending Core & Non-Core Investments to Capitalize on the High Conviction Industrial Sector What is the current outlook and wh...
Nov 04, 2021 (Gmt+09:00)
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Bio
Sartorius to invest $300 mn in bio material, equipment plant in Korea
Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...
Nov 03, 2021 (Gmt+09:00)
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Alderwood Capital
[ASK 2021] The Case for Investing in the Asset Management Industry through GP Stakes
Founded in 2020 Alderwood is an investor in asset management GP stakes. The team behind Alderwood has invested together for 20 years, making it ...
Nov 02, 2021 (Gmt+09:00)
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Aerospace & Defense
Korea Aerospace Industries, Airbus to jointly enter satellite business
Korea Aerospace Industries Ltd. and Airbus SE, a European multinational aerospace company, are jointly entering the satellite business to capture ...
Oct 31, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
SM Line sees light at the end of the tunnel: SM Group’s Woo
When SM Group, formerly known as Samla Midas Group, took over assets of bankrupt Hanjin Shipping Co., for 37 billion won ($32 million) at the end of...
Oct 27, 2021 (Gmt+09:00)
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IPOs
Korea’s slated IPOs fail to attract investors
Investor confidence has waned in South Korea in line with stock market instability. Stock prices of some newly listed companies have failed to mee...
Oct 25, 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