Hyundai Investment Partners
Scope
Date
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Automobiles
Hyundai, Lotte to join used car market, seen as boost for small players
South Korea’s top automaker Hyundai Motor Co. and the country’s No. 1 car rental firm Lotte Rental Co. are advancing into the domestic u...
Mar 18, 2022 (Gmt+09:00)
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Korean chipmakers
SK Siltron to invest $300 mn in US capacity expansion
Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...
Mar 18, 2022 (Gmt+09:00)
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Batteries
LG, SK, Samsung unveil next-generation battery roadmaps at InterBattery
South Korea’s three major battery makers are showcasing their latest rechargeable batteries for electric vehicles while unveiling their roadma...
Mar 17, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor invests in cloud, hydrogen firms for future mobility
Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...
Mar 17, 2022 (Gmt+09:00)
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Korean startups
Private equity consortium buys 30% stake in biotech firm Medipost
South Korea’s first generation biotech firm Medipost Co. will sell a 30% stake to a private equity consortium, the company announced after W...
Mar 17, 2022 (Gmt+09:00)
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Pension funds
GEPS posts 19.4% return from alternative investment in 2021
Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...
Mar 16, 2022 (Gmt+09:00)
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Automobiles
Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market
Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...
Mar 16, 2022 (Gmt+09:00)
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Aerospace & Defense
Hanwha invests another $11 mn in US communications firm Kymeta
Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...
Mar 16, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai eyes LNG ship-to-floating storage unit conversion market
The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...
Mar 15, 2022 (Gmt+09:00)
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Electric vehicles
China rules EV market with fleet sales; Hyundai targets retail
Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...
Mar 15, 2022 (Gmt+09:00)
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ESG
SK Geo Centric invests $55 mn in US plastic waste recycling firm
South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...
Mar 15, 2022 (Gmt+09:00)
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War in Ukraine
Hyundai’s auto exports to Russia cut by half in February, hit by war
Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...
Mar 14, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy targets $2.5 bn Saudi escort ships deal
South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...
Mar 11, 2022 (Gmt+09:00)
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Food & Beverage
Lotte invests in Canada's edible insect food company
South Korea's Lotte Confectionery Co. has invested around 10 billion won ($8 million) in Canada’s edible insect protein producer Aspire Food G...
Mar 11, 2022 (Gmt+09:00)
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Corporate strategy
Samsung Electro-Mechanics to focus on IT, automotive electronics sectors
South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...
Mar 10, 2022 (Gmt+09:00)
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Corporate investment
SK units at risk of rating cuts on aggressive investments
South Korea’s SK Group units focusing on investments in new eco-friendly industries are facing risks of credit rating downgrades.Investors hav...
Mar 10, 2022 (Gmt+09:00)
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Private equity
Actis names Scott Choi as its first Korean partner
Private equity firm Actis LLP has promoted its Seoul office Chief Executive Scott Choi as a partner, the company said on March 7. Choi is the first ...
Mar 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Iveco to cooperate on commercial vehicles
Hyundai Motor Co., South Korea’s top automaker, and Iveco Group NV, Italia's truck maker, have agreed to join hands on their commercial vehicl...
Mar 07, 2022 (Gmt+09:00)
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Korean startups
Cloud management provider Cloocus receives $41 mn in Series B funding
Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...
Mar 07, 2022 (Gmt+09:00)
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War in Ukraine
Hyundai shuts Russia car plant for 1 wk on parts shortages
Car production at Hyundai Motor Co.'s plant in Russia has been halted since March 1 as the Russia-Ukraine war further aggravated shortages of automo...
Mar 04, 2022 (Gmt+09:00)
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Korean startups
Bank of Wine: High-end wine investment in the form of digital assets
South Korea is the world’s second-most attractive wine market, outranked by only the United States, according to London-based consumer researc...
Mar 03, 2022 (Gmt+09:00)
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Alternative investments
Korean LPs name their 36 favorite alternative asset managers
KKR was chosen as the best private equity firm by South Korean institutional investors, a survey shows. Blackstone, Macquarie Asset Management and Are...
Mar 03, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai accelerates electrification strategy, targets 7% of EV market
South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...
Mar 02, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Mar 02, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai's first Saudi JV shipyard slated for 2023 completion
South Korea's Hyundai Heavy Industries Holdings Co. is scheduled to construct a large-scale shipyard for very large crude carriers (VLCCs) and a mar...
Mar 02, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia refine profile with accolades, higher global rankings
Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, have worked for decades to refine their profil...
Mar 02, 2022 (Gmt+09:00)
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Bio & Pharma
Korean bio ventures struggle with fundraising
Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...
Mar 01, 2022 (Gmt+09:00)
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Pension funds
NPS hires Millennium, Starboard, Systematica for hedge fund investing
National Pension Service (NPS) of South Korea said on Feb. 28 it selected Millennium Management LLC, Starboard Value LP and Systematica Investment...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
Adams Street, Benefit Street, Clearlake join NPS' PE managers
National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...
Feb 28, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia heavily exposed to Ukraine crisis; shares at 52-week lows
Shares of Hyundai Motor Co. and Kia Corp. on Monday fell to their lowest levels in more than 52 weeks as investors engaged in panic selling on conce...
Feb 28, 2022 (Gmt+09:00)
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