EV of the Year Award
Scope
Date
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Korean chipmakers
Global automakers accelerate EV push as chip shortage eases
Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...
May 28, 2021 (Gmt+09:00)
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Central bank
Bank of Korea governor flags rate hike as economy improves
South Korea’s central bank governor on Thursday flagged a possible policy rate hike before the end of the year as the domestic economy recover...
May 27, 2021 (Gmt+09:00)
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Stake investments
Samsung Life buys 25% stake in Savills IM for $90 mn
Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...
May 27, 2021 (Gmt+09:00)
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Batteries
SK Nexilis, POSCO move forward with EV battery materials projects
With competition heating up in the global race for more eco-friendly cars, South Korea’s major companies are moving forward with their plans t...
May 27, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Motor chairman vows to go carbon neutral, stresses electrification
Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehicle disposal, in a mo...
May 25, 2021 (Gmt+09:00)
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K-pop
BTS smooths Butter at Billboard Music Awards; scoops up 4 awards
BTS is unstoppable. The K-pop boy band continues to set fresh records -- becoming the first Korean band to scoop up four awards at the 2021 Billboar...
May 25, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korea Shipbuilding & Offshore wins $308 million order to build 6 vessels
Korea Shipbuilding & Offshore Engineering Co. (KSOE) has won a 348 billion won ($308 million) deal to build six vessels, bringing its total sh...
May 24, 2021 (Gmt+09:00)
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Tech, Media & Telecom
KT stock value likely to double by 2022, analysts say
South Korea’s telecom and content giant KT Corp. is receiving renewed interest this year among stock market investors and financial analysts, ...
May 21, 2021 (Gmt+09:00)
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Hydrogen economy
Lotte Chem in hydrogen deal with Air Liquide, invests $185 mn in materials
South Korea’s Lotte Chemical Corp. is diversifying into electric vehicle raw materials and hydrogen businesses as new growth drivers, moving a...
May 20, 2021 (Gmt+09:00)
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Webtoons
Kakao Japan secures over $500 mn from Anchor Equity; valuation tops $7 bn
Kakao Corp.’s Japanese unit is set to secure 600 billion won ($530 million) from South Korea-based private equity firm Anchor Equity Partners....
May 20, 2021 (Gmt+09:00)
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Batteries
SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US
South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...
May 20, 2021 (Gmt+09:00)
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Automobiles
Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award
Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...
May 18, 2021 (Gmt+09:00)
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Earnings
Dongkuk Steel’s Q1 operating profit hits 5-year high as economy recovers
Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, on Monday reported its largest quarterly operating profit in nearly five years...
May 17, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor to make EVs in US with $7.4 bn investment by 2025
Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EV...
May 14, 2021 (Gmt+09:00)
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Corporate bonds
Goldman Sachs to issue its first Arirang bond in three years
Goldman Sachs will issue its first Arirang bond since 2018, an action interpreted by financial circles as a sign of the investment bank’s rega...
May 12, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Naver aims to overtake Chrome in Korea with own browser Whale in 3 years
South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...
Apr 27, 2021 (Gmt+09:00)
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Earnings
POSCO revises up sales target after Q1 profit rises to 10-year high
South Korea’s largest steelmaker POSCO said on Monday it’s raising this year’s sales target by 17.5% after posting its highest q...
Apr 26, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor pilots EV mobility service for pets
Hyundai Motor Group will pilot an urban mobility service for pets in Seoul, using a specially designed Ray EV model by Kia Corp. The group said on A...
Apr 26, 2021 (Gmt+09:00)
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Hyosung Group
Hyosung Group’s year-to-date valuation almost doubles
Hyosung Group, founded in 1966, is a textile and chemicals conglomerate that currently stands as the 26th-largest business group in South Korea. Unt...
Apr 22, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai debuts First Genesis EV sedan at Shanghai Auto Show
Hyundai Motor Co. on Monday unveiled an electric version of its premium brand Genesis at the opening of Auto Shanghai 2021 as the top South Korean c...
Apr 19, 2021 (Gmt+09:00)
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Batteries
GM, LG to build second US EV battery plant in Tennessee
LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in...
Apr 19, 2021 (Gmt+09:00)
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Batteries
SK expands EV profile with Signet EV acquisition, Polestar investment
SK Group will enter the fast-growing electric vehicle (EV) charger market by acquiring a majority stake in South Korea’s industrial charger ...
Apr 15, 2021 (Gmt+09:00)
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Korean stock market
Foreigners return to Korean market; Kosdaq at near 21-year high
Foreign investors, the dominant players on the Korean bourse, are returning as buyers of Samsung Electronics Co. and other blue chips, keeping the m...
Apr 12, 2021 (Gmt+09:00)
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Capital raising
Stock, bond issues in S.Korea set for a record year in 2021
South Korean companies, having raised 30 trillion won ($27 billion) in both equity and bond issues in the first quarter of this year, are on course ...
Apr 06, 2021 (Gmt+09:00)
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Batteries
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Apr 05, 2021 (Gmt+09:00)
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Research & Development
Chips, EV and AI lead Korean firms' 2020 R&D spending
Semiconductor chips, electric vehicles and artificial intelligence (AI) drove the top 100 South Korean companies' spending on research and developme...
Apr 05, 2021 (Gmt+09:00)
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Monthly trade infographics
South Korea's secondary battery exports reach all-time highs for 5 years in a row
Despite worsening economic conditions due to the COVID-19 crisis, South Korea’s secondary battery business saw a rise in its key indicators, inc...
Mar 30, 2021 (Gmt+09:00)
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Batteries
Hyundai to build ultra-fast EV charging infrastructure under E-pit brand
Hyundai Motor Group has unveiled a plan to build high-speed electric car charging infrastructure across the country as the South Korean auto giant s...
Mar 23, 2021 (Gmt+09:00)
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Steel
POSCO CEO enters 2nd term with focus on eco-friendly markets
South Korean steelmaker POSCO Co. will put its efforts into gaining dominance in new growth markets such as eco-friendly vehicles and steel bars use...
Mar 12, 2021 (Gmt+09:00)
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Electronics
S.Korea’s top flexible PCB maker wins big in 5G and EVs
BH Co. is South Korea’s leading manufacturer of flexible printed circuit board (FPCB), an essential component of smartphones, from camera to O...
Mar 10, 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