Hyundai Global Business Complex
Scope
Date
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Energy
Hyundai Motor scraps LNG plant construction plan
Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...
Jul 01, 2022 (Gmt+09:00)
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Economy
Korea sees record H1 trade deficit, weak consumer sentiment
South Korea suffered the largest trade deficit for the first half of a year on surging energy prices and slowing exports, while consumer sentiment i...
Jul 01, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials
The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...
Jul 01, 2022 (Gmt+09:00)
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Metaverse
SK Telecom gears up for global launch of metaverse platform
South Korea’s top mobile carrier SK Telecom Co. took steps to launch its metaverse platform in other countries as it aims to seek a future gro...
Jul 01, 2022 (Gmt+09:00)
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Corporate investment
Hyundai Motor to launch investment affiliate in US for further growth
South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...
Jul 01, 2022 (Gmt+09:00)
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Electronics
LG Elec.-SM Ent. tie up to challenge Apple Fitness+
LG Electronics Inc. and SM Entertainment Co., South Korea’s giants in the home appliances and entertainment sectors, joined hands in the home ...
Jul 01, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung's 3 nm chip narrows microchip gap with TSMC
Samsung Electronics Co. has kicked off mass production of 3-nanometer chips based on the industry’s smallest process node as a global first, a...
Jun 30, 2022 (Gmt+09:00)
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IPOs
Korea’s Socar gets pushback for high valuation ahead of IPO
South Korea’s mobility unicorn Socar Inc. faces controversy over its valuation after the car-sharing startup set the price guidance for its in...
Jun 30, 2022 (Gmt+09:00)
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Metaverse
Meta, Seoul National University jointly set up XR research center
Meta Platforms Inc., formerly known as Facebook, and Seoul National University (SNU) jointly launched an extended reality (XR) research center in So...
Jun 30, 2022 (Gmt+09:00)
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IPOs
Aramco-backed Hyundai Oilbank wins prelim nod for H2 IPO
South Korea's Hyundai Oilbank Co. on Wednesday won preliminary approval for an initial public offering on the Korea Exchange, which may provide its ...
Jun 30, 2022 (Gmt+09:00)
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Bio & Pharma
Korean biotech L&C Bio issues convertible bonds worth $46 mn
South Korean biotech company L&C Bio, which specializes in tissue regeneration treatment, is poised to ramp up its expansion into the Chinese ma...
Jun 30, 2022 (Gmt+09:00)
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Korean chipmakers
SK Materials, Showa Denko to jointly seek US semiconductor gas business
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., and Japanese chemicals company Showa Denko K.K. have agr...
Jun 29, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai showcases IONIQ 6, electrified streamliner
Hyundai Motor Co. on Wednesday unveiled the design of the IONIQ 6, its first all-electric sedan on an exclusive EV platform, with which South Korea&...
Jun 29, 2022 (Gmt+09:00)
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Travel & Leisure
Moon boats light up the birthplace of Korean Confucianism
Riding a crescent moon-shaped boat that changes colors is a must-do experience in the small South Korean city of Andong, 190 km southeast of Seoul.T...
Jun 29, 2022 (Gmt+09:00)
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Future mobility
Hyundai’s US partner Aptiv invests in self-driving startup StradVision
Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...
Jun 29, 2022 (Gmt+09:00)
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Automobiles
LG Innotek unveils top-of-the-line in-cabin radar module
South Korea’s electronic parts maker LG Innotek unveiled an in-cabin radar module Tuesday, which it says is the most advanced version of such ...
Jun 29, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis sees global carmakers’ orders up 50%
Hyundai Mobis Co., South Korea’s largest auto parts producer, expected orders from global carmakers excluding Hyundai Motor Group affiliates t...
Jun 28, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia set for record profit with lower incentives than Toyota
South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – are expected to post their highest ever profit for the se...
Jun 27, 2022 (Gmt+09:00)
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Hydrogen economy
Hyundai Doosan Infracore to develop hydrogen engines for commercial use
Hyundai Doosan Infracore Co., a South Korean construction equipment company, said on June 26 that it will start a state-run project to develop hydro...
Jun 27, 2022 (Gmt+09:00)
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Energy
Doosan Enerbility, Siemens' affiliate sign MOU for wind power business
Doosan Enerbility Co. announced Sunday it has signed an initial memorandum of understanding (MOU) with Siemens Gamesa Renewable Energy S.A. (SGRE) i...
Jun 27, 2022 (Gmt+09:00)
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Electric vehicles
LG Electronics, GS acquire AppleMango to launch EV charging business
LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...
Jun 27, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis’ smart cabin: Healthcare center on the move
Many traffic accidents are caused by drowsy driving, fatigue or the driver’s abnormal health conditions.Automakers around the world have str...
Jun 23, 2022 (Gmt+09:00)
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Blockchain
S.Korean conglomerates look to paint future with NFTs
The non-fungible token (NFT) ecosystem has penetrated into mainstream society. NFTs are digital assets that represent objects in the physical world,...
Jun 23, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Carve-out, bolt-on key themes driving M&As: BDA Partners
Amid escalating market uncertainties, M&As are not just a growth tactic but survival tools for businesses, Euan Rellie, co-founder and managing ...
Jun 22, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS launches AI robot subscription service for warehouse operators
LG CNS unveiled a cloud-based logistics robot subscription service on Tuesday, which could save warehouse operators a significant amount in upfront ...
Jun 22, 2022 (Gmt+09:00)
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ASK 2022
[ASK 2022] Tailored strategies outperform in European credit market: Arrow Global
As a leading European private credit asset manager, Arrow Global operates its own servicing platforms that most accurately fit E...
Jun 22, 2022 (Gmt+09:00)
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Leadership & Management
Hyundai Mobis CEO runs for ISO president as first Korean candidate
Hyundai Mobis Co. CEO Cho Sung-hwan has registered as a candidate for the next presidential election of the International Organization for Standar...
Jun 21, 2022 (Gmt+09:00)
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Entertainment
Korea’s adult audio platform eyes Japan for global biz
South Korea’s adult audio content platform for women raised money to make inroads into Japan as a start of its global business.Sensual Moment ...
Jun 21, 2022 (Gmt+09:00)
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Automobiles
Hyundai's woes: Too many cars rolling out of Korean plants
The eight-day South Korean truck drivers’ strike that ended last week has laid bare one long-standing but often ignored problem at the country...
Jun 21, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung holds emergency CEO meeting on technology, risk
Chief executives of Samsung Group’s technology units, led by Samsung Electronics Co., held an emergency meeting on Monday to discuss new techn...
Jun 20, 2022 (Gmt+09:00)
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Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore