Electrification System Joint Research Laboratory
Scope
Date
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Private equity
SEMA jointly acquires stakes in US telecom tower operator
South Korea’s Korea Scientists and Engineers Mutual-Aid Association (SEMA) said on Nov. 12 that it has invested $500 million in a joint acquis...
Nov 12, 2021 (Gmt+09:00)
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Future Mobility
Hyundai to set up UAM research center in LA next year
South Korea’s Hyundai Motor Group is accelerating the urban air mobility (UAM) business with a plan to set up a research center for the sector...
Nov 10, 2021 (Gmt+09:00)
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North Korea
North Korea can make more uranium for nuclear bombs than previously thought
SEOUL—North Korea has the capacity to make more base ingredients for nuclear bombs than previously believed, according to new research, sugg...
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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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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Batteries
Hyundai, Kia invest in US solid-state battery startup Factorial
Hyundai Motor Co. and Kia Corp. invested in US solid-state battery startup Factorial Energy in a move to secure various technologies for the next-ge...
Oct 29, 2021 (Gmt+09:00)
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Batteries
Race heats up in solid-state battery development
Global automakers and battery producers are accelerating the development of a next-generation electric vehicle battery, called an all-solid-state ba...
Oct 28, 2021 (Gmt+09:00)
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Batteries
LG Chem to set up separator JV in Hungary with Toray of Japan
LG Chem Ltd., South Korea’s top chemical maker, has agreed to set up a joint venture with Japan’s Toray Industries Inc. for the producti...
Oct 27, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project
LCS Group Korea, a South Korean corporate set up by the Philippines' LCS Group of Companies, signed a joint venture establishment contract on Oct. 2...
Oct 26, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Glovis to build hydrogen supply chain with Air Products
Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, agreed to set up a liquid hydrogen supply chain with Air Products, the world’s la...
Oct 19, 2021 (Gmt+09:00)
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Batteries
LG Energy, Stellantis to launch $3.4 billion EV battery JV in US
South Korea’s LG Energy Solution Ltd. and multinational automaker Stellantis N.V. are launching a 4 trillion won ($3.4 billion) joint venture ...
Oct 18, 2021 (Gmt+09:00)
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Alternative food
SK Inc, STIC invest $55 million in US alternative dairy maker Perfect Day
SK Inc., the investment arm of South Korean conglomerate SK Group, and private equity firm STIC Investment Inc., have invested a combined 65 billion...
Oct 01, 2021 (Gmt+09:00)
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Alternative investments
NPS, Hines ink $2.5 bn US redevelopment project
South Korea's National Pension Service (NPS) and Hines have jointly acquired the headquarters complex of Pacific Gas & Electric Company (PG&...
Sep 23, 2021 (Gmt+09:00)
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Food & Beverage
KGC creates Ginseng Museum Cafe in New York
Korea Ginseng Corporation (KGC), a wholly-owned subsidiary of KT&G Corporation, has set up its first interactive cafe in the global market where...
Sep 17, 2021 (Gmt+09:00)
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Alternative investments
KB Fin, Shinhan invest in Sweden's wind farm via joint fund
South Korea's two banking giants -- KB Financial Group and Shinhan Financial Group -- have invested a combined 80 billion won ($68 million) in a win...
Sep 17, 2021 (Gmt+09:00)
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Batteries
SK, Group14 Technologies to build $726 mn battery material plant
SK Materials Co., the industrial gas manufacturing affiliate of SK Group, said on Tuesday it is jointly investing 850 billion won ($726 million) wit...
Sep 14, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea fines Google $180 mn for operating system market abuse
South Korea's Fair Trade Commission (FTC) on Tuesday imposed a fine of 207.4 billion won ($180 million) on Google, alongside a correction order, aft...
Sep 14, 2021 (Gmt+09:00)
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App Developers’ Payments Dilemma: Easier With or Without Apple and Google?
SEOUL—South Korea’s app developers can soon sidestep the digital tollway mandated by Apple Inc. and Alphabet Inc.’s Goog...
Sep 10, 2021 (Gmt+09:00)
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E-commerce
Amazon Global Store shakes up S.Korea’s e-commerce scene
Amazon Global Store posted a stellar first-week performance in South Korea. The service, launched at the end of August on SK Telecom Co.’s onl...
Sep 08, 2021 (Gmt+09:00)
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Energy
US, Korea approve nuclear fuel recycle technology
Authoritie of the United States and South Korea officially endorsed the results of a joint research on Pyro-SFR, a cutting-edge technology that re...
Sep 02, 2021 (Gmt+09:00)
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M&As
Lotte teams up with IMM PE to acquire furniture maker Hanssem
Lotte Group is seeking to acquire a stake in Hanssem Co., South Korea’s largest furniture and home furnishing company, with an investment of u...
Sep 01, 2021 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea curbs in-app payment plans by Google, Apple
The South Korean parliament has passed the world's first bill to banGoogle, Apple Inc. and other app store operators from forcing certain payment sc...
Sep 01, 2021 (Gmt+09:00)
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Hydrogen economy
Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech
The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...
Aug 26, 2021 (Gmt+09:00)
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E-commerce
Amazon teams up with SK’s 11Street to offer Global Store for Koreans
SK Telecom Co.’s e-commerce platform 11Street Co. has teamed up with Amazon, the world’s largest online shopping mall, to offer the US c...
Aug 26, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung to invest $200 bn over next 3 yrs, including M&As
Samsung Group will invest a combined 240 trillion won ($206 billion) over the next three years in its core businesses such as semiconductor, display...
Aug 24, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with THz band breakthrough
LG Electronics Inc. has made a breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distance i...
Aug 20, 2021 (Gmt+09:00)
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Mobile networks
LG Elec takes quantum leap in 6G with new THz band milestone
LG Electronics Inc. has made a new breakthrough in next-generation networks by transferring wireless 6G terahertz (THz) data over a 100-meter distan...
Aug 20, 2021 (Gmt+09:00)
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Carbon neutrality
Samsung Heavy wins approval for ammonia-ready ship design
Samsung Heavy Industries obtained a certificate for its basic design to revamp a liquefied natural gas (LNG) or diesel-powered crude tanker into an ...
Aug 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Systems invests $300 million in UK satellite firm OneWeb
Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, is investing $300 million in UK’s satellite communications firm OneWeb ...
Aug 12, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Google’s in-app billing system ignites power play among Korean regulators
South Korea’s attempt to prohibit global app store operators from forcing certain in-app payment schemes has hit a bumpy road due to power pla...
Aug 09, 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