Korea Ocean Business Corp
Scope
Date
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Private equity
Hillhouse to up investment in S.Korea with new hires
Hillhouse Investment Management Ltd., one of the largest private equity firms in Asia, is set to create an investment team dedicated to the South Ko...
Nov 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HMM expands bulk carrier fleet for stable profit
HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...
Nov 02, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Asiana Airlines to sell cargo business for merger with Korean Air
Asiana Airlines Inc. on Thursday decided to carve out its lucrative cargo business, clearing a major hurdle to its merger with bigger rival Korean A...
Nov 02, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha Ocean to target Southeast Asian defense market
South Korea's Hanwha Ocean Co. will participate in Defense & Security (D&S) 2023 in Bangkok, Thailand. The company said on Thursday it ...
Nov 02, 2023 (Gmt+09:00)
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Earnings
Hyundai Motor Group units’ profits double as Chung enters 4th year
South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...
Nov 02, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea mulls plan B as Indonesia falls behind on KF-21 project payments
Indonesia, a partner of South Korea’s KF-21 fighter jet development project, has failed again to notify the Korean government of its plan to p...
Nov 01, 2023 (Gmt+09:00)
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Economy
Korea exports snap year-long slide as chips regain momentum
South Korean exports rose in October for the first time in 13 months as semiconductors, the country’s top export item, are on course to regain...
Nov 01, 2023 (Gmt+09:00)
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Carbon neutrality
SK Innovation, ENEOS to co-work for low-carbon energy
SK Innovation Co. said on Wednesday it will bolster its alliance with Japan's largest petroleum refiner ENEOS. This decision builds on their histor...
Nov 01, 2023 (Gmt+09:00)
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Batteries
POSCO International, Lotte Energy in $4.4 bn battery materials supply deal
POSCO International Corp. has signed a 6 trillion won ($4.4 billion) deal to supply raw materials used to make copper foil, a battery component, to ...
Nov 01, 2023 (Gmt+09:00)
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Private debt
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Oct 31, 2023 (Gmt+09:00)
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Regulations
Korea plans wider crackdown on foreigners’ short-selling
South Korea’s financial regulator plans wider investigations into illegal short-selling trades by major foreign investment banks to ease conce...
Oct 31, 2023 (Gmt+09:00)
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Chemical Industry
S.Korea's SKC to sell fine ceramic business for $270 mn
South Korea's SKC Ltd. announced on Tuesday it will sell the fine ceramics business of its subsidiary SK enpulse, a semiconductor materials investme...
Oct 31, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea sees record of beverage exports in Q1~Q3
South Korea's exports of beverages from Jan. to Sept. this year exceeded $500 million to break all-time record.Export data released on Thursday by t...
Oct 31, 2023 (Gmt+09:00)
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Carbon neutrality
SK E&S to pursue cross-border CCS with Australia’s Santos
SK E&S, the clean energy affiliate of South Korea’s No. 2 conglomerate SK Group, has signed a deal on cross-border carbon capture and st...
Oct 31, 2023 (Gmt+09:00)
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Business & Politics
S.Korea to add India, Lithuania to list of nations eligible for E-9 visa
South Korea plans to allow non-professional workers from India and Lithuania to apply for the E-9 visa as the country struggles with a shrinking wor...
Oct 31, 2023 (Gmt+09:00)
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Bio & Pharma
Lotte builds US antibody-drug conjugate plant with $82 mn
South Korea’s Lotte Biologics Co. is establishing an antibody-drug conjugate (ADC) factory in Syracuse, New York, with an investment of 110 bi...
Oct 31, 2023 (Gmt+09:00)
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Energy
HD Hyundai joins $14 mn offshore wind power project
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has joine...
Oct 31, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to put self-developed lander on moon by 2032
South Korea plans to put its first lunar lander on the moon by 2032. In a meeting of the National R&D Project Evaluation Advisory Commit...
Oct 31, 2023 (Gmt+09:00)
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Travel & Leisure
BBQ's Chicken Camp gets popularity from foreign tourists
Foreign tourists looking for Chicken Camp, operated by BBQ, a South Korean fried chicken brand, have been increasing noticeably. Chicken Camp is a c...
Oct 30, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean taps middle-aged women, robots for ship welding work
GEOJE, Gyeongsang Province – Hanwha Ocean, the world’s No. 2 shipbuilder, is actively embracing middle-aged female workers and robots fo...
Oct 30, 2023 (Gmt+09:00)
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Machinery
Hyundai unveils world’s first commercial LTE train signaling system
Hyundai Rotem Co., a South Korean manufacturer of rolling stock, defense products and plant equipment, in a world first has commercialized a train s...
Oct 30, 2023 (Gmt+09:00)
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Electronics
S.Korea leads world in patent applications for robot vacuum cleaners
South Korea leads the world in the number of patent applications for robot vacuum cleaners.The Korean Intellectual Property Office on Sunday said th...
Oct 30, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean to design digital vessels with ABS
South Korea’s Hanwha Ocean Co. on Sunday announced its conclusion of a basic accord with the Houston-based American Bureau of Shipping (ABS) t...
Oct 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai unveils Avante N1 Cup Car
Hyundai Motor Co. has unveiled the "Avante N1 Cup Car," which will be introduced in the 2024 season of the largest one-make race event in South Kore...
Oct 30, 2023 (Gmt+09:00)
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Electronics
Samsung to sell certified refurbished Galaxy phones in Korea
Samsung Electronics Co. plans to sell certified refurbished Galaxy phones in South Korea at prices up to 50% cheaper than brand-new phones, a move e...
Oct 29, 2023 (Gmt+09:00)
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Chemical Industry
Kumho Petrochem, POSCO look to carbon nanotube JV, share swap
South Korea’s Kumho Petrochemical Co. and POSCO International Corp. are considering launching a joint venture to produce carbon nanotubes (CNT...
Oct 27, 2023 (Gmt+09:00)
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Investment banking
Korea Investment, Carlyle Group sign strategic partnership
Korea Investment & Securities Co. announced on Friday it has signed a strategic partnership with Carlyle Group, one of the world's leading priva...
Oct 27, 2023 (Gmt+09:00)
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Earnings
LG Elec’s automotive business logs record quarterly profit
LG Electronics Inc., the leading global home appliance maker, said its automotive division enjoyed all-time high quarterly profit in the most recent...
Oct 27, 2023 (Gmt+09:00)
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Logistics
Hanjin opens representative office in Mongolia
South Korea's Hanjin Transportation announced on Friday it has opened a representative office in Ulaanbaatar, Mongolia, to expand its logistics hu...
Oct 27, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics eyes new drugmaker acquisitions
BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...
Oct 27, 2023 (Gmt+09:00)
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