Global responsibility investment and governance division
Scope
Date
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Real estate
Daishin to sell its headquarters at $493 mn to NH-Amundi
South Korea’s Daishin Securities Co. is set to sell its headquarters office to NH-Amundi Asset Management Co. for 660 billion won ($492.6 mill...
Mar 19, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Mar 19, 2024 (Gmt+09:00)
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Automobiles
Renault to invest $523 mn to build green car hub in Korea
Renault Korea Motors Co., grappling with a protracted slump without new releases, plans to invest more than 700 billion won ($523 million) by 2027 t...
Mar 19, 2024 (Gmt+09:00)
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Energy
Hyundai E&C wins $132 mn biogas facility project
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Monday that it was selected as the preferred bidder for a private invest...
Mar 19, 2024 (Gmt+09:00)
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Electronics
Samsung tops global soundbar market for 10th consecutive year
Samsung Electronics Co. has held its ground as the leader in the global soundbar market for ten consecutive years, from 2014 through 2023, according...
Mar 18, 2024 (Gmt+09:00)
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Automobiles
S.Korea’s Kumho Tire to invest $751 mn to build plant in Europe
Kumho Tire Co., South Korea’s No. 2 tire maker, plans to invest more than 1 trillion won ($750.8 million) by 2027 to build its first plant in ...
Mar 17, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to receive over $6 bn in US chip subsidies, eyes extra investment
South Korean tech giant Samsung Electronics Co. is expected to receive more than $6 billion in US chip subsidies as the Joe Biden administration is ...
Mar 15, 2024 (Gmt+09:00)
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Central bank
South Korea, odd one out in new global gold rush
South Korea has remained muted to a new gold rush fueled by various central banks across the world gobbling up the precious metal, raising concerns ...
Mar 13, 2024 (Gmt+09:00)
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Logistics
CJ Logistics gets IATA lithium battery transport certification
South Korea’s CJ Logistics said on Wednesday that it obtained the certification CEIV lithium battery, or the Center of Excellence for Independ...
Mar 13, 2024 (Gmt+09:00)
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Robotics
LG invests $60 million in Bear Robotics as robot OS war intensifies
South Korea’s high-tech giant LG Electronics Inc. said on Tuesday it has invested $60 million in Bear Robotics Inc., a Silicon Valley-based se...
Mar 12, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int’l wins $9 bn permanent magnet orders from US, Europe
POSCO International Corp. has bagged deals worth nearly 1.2 trillion won ($9 billion) in total to deliver permanent magnets to finished carmakers in...
Mar 12, 2024 (Gmt+09:00)
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Investment banking
MBK’s Michael ByungJu Kim: Most influential in Korea’s capital market
Michael ByungJu Kim, co-founder and partner of Northeast Asia-focused private equity firm MBK Partners Ltd., has been chosen as the most influential...
Mar 11, 2024 (Gmt+09:00)
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Artificial intelligence
LG CNS to develop AI platform of S.Korean government
South Korea’s LG CNS Co., a cloud computing services arm of LG Corp., announced on Sunday that it plans to develop a government-wide hyperscal...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Toyota compete to take upper hand in Brazil
South Korea’s top automaker Hyundai Motor Co. and Japan’s No. 1 carmaker Toyota Motor Corp. have been competing for decades to take the ...
Mar 10, 2024 (Gmt+09:00)
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Automobiles
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
Mar 08, 2024 (Gmt+09:00)
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Corporate bonds
Korea’s bond sales up in February; corporate bonds remain buoyant
Bond sales in South Korea amounted to 71.8 trillion won ($54.4 billion) in February, 12.4% up from a month prior, according to a report from the Kor...
Mar 08, 2024 (Gmt+09:00)
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Electronics
LG releases StanbyME speaker in global market
LG Electronics Inc. announced on Friday that it released its portable StanbyME speaker in the global market. The StanbyME speaker is dedicated to ...
Mar 08, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset rebrands Canadian subsidiary to Global X
South Korea's Mirae Asset Global Investments Co. announced on Thursday that it will change the name of its Canadian exchange-traded fund (ETF) manag...
Mar 07, 2024 (Gmt+09:00)
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E-commerce
Korea probes AliExpress as Chinese e-commerce threat grows
South Korea’s antitrust body launched a probe into alleged violations of consumer protection regulations by China’s AliExpress, as Chine...
Mar 07, 2024 (Gmt+09:00)
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Retail
Duty-free shops at Incheon International Airport eager to lure boutiques
Duty-free shops at Incheon International Airport, South Korea’s main gateway, are fiercely competing to lure luxury brand boutiques to their o...
Mar 07, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Korea reclaims top spot in global shipbuilding orders in February
South Korean shipbuilders reclaimed the global No. 1 position in new orders last month for the first time since October 2023, according to data by U...
Mar 06, 2024 (Gmt+09:00)
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Economy
Korea’s inflation rebounds, BOK to keep interest rates in H1
South Korea’s headline inflation rebounded in February from a six-month low on higher prices of oil and agricultural products, adding to expec...
Mar 06, 2024 (Gmt+09:00)
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Energy
Lotte Chemical, CIP to join hands on ammonia projects
South Korea’s Lotte Chemical Corp. has reached a preliminary agreement with Copenhagen Infrastructure Partners (CIP) to purchase and sell blue...
Mar 05, 2024 (Gmt+09:00)
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Investment banking
Korea's NH Investment shortlists 3 CEO candidates
South Korean brokerage house NH Investment & Securities Co. has shortlisted three candidates for its next chief executive as the current CEO Jeo...
Mar 05, 2024 (Gmt+09:00)
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Sovereign bonds
Mirae Asset to sell Korean treasuries to retail investors
The South Korean government on Monday tapped Mirae Asset Securities Co. as the brokerage chosen to sell treasury bonds, the sale of which will be la...
Mar 04, 2024 (Gmt+09:00)
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Korean stock market
NPS to invest up to $8.2 bn in undervalued Korean stocks
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is expected to invest up to 11 trillion won ($8.2 ...
Mar 01, 2024 (Gmt+09:00)
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Korean chipmakers
Hana Micron to develop 2.5D packaging for Nvidia’s H100 AI chip: CEO
With burgeoning demand for high-performance artificial intelligence chips, back-end process technology, which assembles various semiconductors and t...
Feb 29, 2024 (Gmt+09:00)
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Korean startups
Kakao Ventures invests in AI optimization startup Omelet
Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...
Feb 29, 2024 (Gmt+09:00)
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Airlines
Race for Asiana's cargo unit heats up among local bidders
The proposed merger of South Korea’s two largest carriers, Korean Air Lines Co. and Asiana Airlines Inc., is intensifying competition among lo...
Feb 28, 2024 (Gmt+09:00)