Hyundai Global Business Center
Scope
Date
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Venture Capital
KB Investment, RM Global to form $100 mn bio VC fund
KB Investment Co. will join forces with US-based RM Global Partners to launch a $100 million life science fund to invest in early stage startups in ...
Dec 09, 2020 (Gmt+09:00)
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Future Mobility
Hyundai Motor acquires Boston Dynamics from SoftBank for almost $1 bn
Hyundai Motor Co. has decided to acquire the US robotics firm Boston Dynamics Inc. from SoftBank Group for slightly less than 1 trillion won ($921 m...
Dec 09, 2020 (Gmt+09:00)
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Automobiles
Hyundai rolls out customer-centric luxury SUV GV70
Hyundai Motor Co. has unveiled its brand-new Genesis sport utility vehicle (SUV) model GV70, the latest urban midsize SUV from the South Korean auto...
Dec 08, 2020 (Gmt+09:00)
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In vitro diagnostics
Samsung hands over diagnostics business to local bio firm
Samsung Electronics Co. has agreed to hand over the business rights for its in vitro diagnostics (IVD) unit to a South Korean bio company as part ...
Dec 07, 2020 (Gmt+09:00)
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RFPs
POBA seeks new global REIT manager for $100 mn mandate
South Korea’s Public Officials Benefit Association (POBA) will select a new global real estate investment trust (REIT) management firm to inve...
Dec 07, 2020 (Gmt+09:00)
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Future mobility
Hyundai mulls downsizing skyscraper for future mobility
Hyundai Motor Co. is at a crossroads over the construction of its $3.4 billion global business center, deliberating on whether to downsize the 105-s...
Dec 06, 2020 (Gmt+09:00)
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ESG management
SK to create $27 bn in addt'l net asset value via hydrogen business
SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...
Dec 02, 2020 (Gmt+09:00)
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Executive reshuffles
Samsung promotes young executives to lead memory, foundry businesses
Samsung Electronics Co. on Wednesday announced a leadership shuffle in its two key businesses – memory chips and foundry – as the South ...
Dec 02, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor unveils all-new electric vehicle platform E-GMP
Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...
Dec 02, 2020 (Gmt+09:00)
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Korean chipmakers
Global NAND market in game of chicken as Samsung ups ante
Samsung Electronics Co. is upping the ante to extend its leadership in the memory chip sector with a vow to invest heavily in the NAND business next...
Dec 01, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Global oil refiners, local PEs among 7 bidders for SK Lubricants stake
Global oil refiners, strategic investors and private equity funds in Korea and abroad have submitted non-binding bids for up to 49% of SK Lubricants...
Nov 30, 2020 (Gmt+09:00)
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Entertainment
K-content’s ‘unfamiliar familiarity’ theme goes viral on global stage
It’s simple and irritatingly repetitive. Many people, kids and adults alike, around the world hum along and often complain that they just can&...
Nov 29, 2020 (Gmt+09:00)
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Artificial intelligence
NPS adds KKR, two global alternatives managers in Q3
The National Pension Service has added KKR and Sydney-based Scape Australia Management to its pool of 54 global real estate investment managers in...
Nov 26, 2020 (Gmt+09:00)
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Cloud computing
NHN, Intel team up to take on cloud business
South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...
Nov 26, 2020 (Gmt+09:00)
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Fund inflows
Global funds flow into S.Korea as investors look to life after COVID-19
An increasing amount of global funds are flowing into South Korea as advances in COVID-19 vaccine development and a weaker dollar boost investors&rs...
Nov 25, 2020 (Gmt+09:00)
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Electronics
Samsung Electronics hits record-high global TV market share in Q3
Samsung Electronics Co.’s global TV market share rose to record levels in the third quarter in value terms, boosted by large-size organic ligh...
Nov 24, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Heavy endures to be likely buyer of Doosan Infracore
Hyundai Heavy Industries Holdings Co., the world's largest shipbuilder, is one step closer to acquiring a 36.07% controlling stake in Doosan Infracore...
Nov 24, 2020 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor, INEOS team up to explore growth in hydrogen economy
South Korea’s largest automaker Hyundai Motor Co. and London-based chemicals company INEOS have teamed up to explore new business opportunities ...
Nov 23, 2020 (Gmt+09:00)
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Korean Investors
PE secondaries top Korean LPs' global PE funds list
Secondary private equity deals were picked as the preferred global PE investment of South Korea’s top asset owners, followed by co-investments a...
Nov 18, 2020 (Gmt+09:00)
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Underwater cables
Rising demand for underwater cables keeps LS Cable busy round the clock
DONGHAE, Gangwon Province -- On a winter’s day in Donghae, Gangwon Province, some 250 km northeast of Seoul, LS Cable & System Ltd. wor...
Nov 18, 2020 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy, Samsung Heavy pull in over $1 trn in VLCC orders
South Korea’s shipbuilders have made a clean sweep of year-end orders owing to to contracts placed for very large crude carriers (VLCCs). Demand...
Nov 17, 2020 (Gmt+09:00)
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Korean startups
Stipop, taking on the world one sticker at a time
Emojis and stickers, pictorial icons used to convey emotions in messaging apps, help break down language barriers as users can intuitively recognize...
Nov 16, 2020 (Gmt+09:00)
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RFPs
Korea Post to commit $200 mn to global infrastructure funds
Korea Post’s savings arm will select two infrastructure fund houses to invest $200 million in overseas core infrastructure assets, according to ...
Nov 16, 2020 (Gmt+09:00)
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Mergers & Acquisitions
Korean Air, Asiana may merge MRO businesses after spin-off
South Korea’s two largest airliners, Korean Air Lines Co. and Asiana Airlines Inc., may combine their airplane repair and maintenance businesses...
Nov 13, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, SP Group to expand EV battery business in Singapore
Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...
Nov 12, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor hires Goldman as adviser for Boston Dynamics acquisition
Hyundai Motor Co. has hired Goldman Sachs Group Inc. as its adviser in its attempt to acquire Boston Dynamics Inc., signaling the seriousness of the S...
Nov 11, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor to install Nvidia’s in-vehicle system in entire fleet from 2022
Hyundai Motor Group will use US chipmaker Nvidia Corp.’s in-vehicle information and entertainment system for its entire fleet of Hyundai Motor C...
Nov 10, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor may buy Boston Dynamics to bolster robotics business
Hyundai Motor Co. may acquire Boston Dynamics Inc., a US-based robotics company, from Japan’s SoftBank Group Corp. in a deal worth as much as $1...
Nov 10, 2020 (Gmt+09:00)
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Petrochemicals
Global petrochem supply glut divides Korea’s winners, losers
The global petrochemical market is grappling with oversupply amid weak demand in the pandemic era, creating a clear divide between winners and losers ...
Nov 09, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor to unveil unmanned cargo aircraft in 2026
Hyundai Motor Co. plans to unveil unmanned cargo aircraft in 2026 as the South Korean automaker aims to enhance its foothold in the future mobility ma...
Nov 08, 2020 (Gmt+09:00)
Latest News
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- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T