Korean EV battery maker
Scope
Date
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Economy
KRW strengthens to 2.5-year high as Korean stocks rally
The South Korean won has strengthened to its highest level in two and a half years amid local stocks’ three-day bull run to a record high on h...
Dec 03, 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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Airlines
Seoul court clears way for Korean Air’s $1.6 bn Asiana deal
Korean Air Lines Co. will push ahead with its planned $1.6 billion acquisition of debt-laden Asiana Airlines Inc., the company said, after a Seoul d...
Dec 01, 2020 (Gmt+09:00)
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Batteries
LG Chem launches battery unit LG Energy Solution, eyes 2024 sales of $27 bn
South Korea’s LG Chem Ltd. has officially launched its battery affiliate, LG Energy Solution, to carve out a greater share of the increasingly c...
Dec 01, 2020 (Gmt+09:00)
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Batteries
LG Chem, China’s CATL neck and neck in race for top battery player’s spot
Global competition for the world’s top spot for the manufacture of electric-vehicle batteries is getting fiercer as major players in South Kor...
Nov 29, 2020 (Gmt+09:00)
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Korean startups
Techstars to invest in 30 Korean startups by 2022
Global startup accelerator Techstars plans to invest in 30 startups in South Korea, which has a more mature and open-minded venture capital market c...
Nov 26, 2020 (Gmt+09:00)
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Batteries
SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot
SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...
Nov 25, 2020 (Gmt+09:00)
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Carbon neutrality
Denmark’s Orsted to build world’s biggest wind farm off S.Korean coast
Denmark’s Orsted A/S plans to build the world’s biggest offshore wind farm off the west coast of South Korea as the Danish multinational p...
Nov 24, 2020 (Gmt+09:00)
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Robotics
Korean medical robot opens a new era of neurosurgery in large hospitals
South Korea’s first neurosurgery robot, developed by 3D inspection device maker Koh Young Technology Inc., is ready to join the medical robot ma...
Nov 24, 2020 (Gmt+09:00)
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Carbon neutrality
Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035
South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...
Nov 24, 2020 (Gmt+09:00)
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IPOs
Top Korean travel startup Yanolja taps 2021 IPO managers
South Korea’s largest travel platform Yanolja has mandated Mirae Asset Daewoo Co. and Samsung Securities Co. to handle its initial public offe...
Nov 20, 2020 (Gmt+09:00)
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Batteries
LG Chem beats CATL, Panasonic to supply batteries for Tesla’s Model Y SUV
South Korea’s LG Chem Ltd. will supply batteries to US electric vehicle giant Tesla Inc. for its latest mid-size SUV Model Y, to be manufact...
Nov 20, 2020 (Gmt+09:00)
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IPOs
S. Korean COVID-19 test kit maker eyes listing next year
SD Bio Sensor, Inc., a South Korea-based manufacturer of COVID-19 test kits, is pushing to go public early next year, drawing market attention as a st...
Nov 19, 2020 (Gmt+09:00)
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Foreign exchange
Korean won off 29-month high on government warning
The South Korean won suffered its biggest daily loss in five months against the dollar on Nov. 19, after Finance Minister Hong Nam-ki stepped up warni...
Nov 19, 2020 (Gmt+09:00)
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Automobiles
Hankook Tire poised to supply for Tesla’s EV trucks
South Korea’s three leading tire makers are seeking a greater share of the global electric vehicle (EV)-only tire market, which is expected to g...
Nov 19, 2020 (Gmt+09:00)
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Survey
Pandemics beat crime as S.Koreans’ top social threat
Pandemics and economic difficulty are cited as the biggest social risk factors by South Koreans, displacing crime and national security, which topped ...
Nov 19, 2020 (Gmt+09:00)
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Culture & Trends
Carpenters brew tea from 150-year-old Korean pine trees
GANGNEUNG, Gangwon Province -- Gangneung, on the coast east of Seoul, is famously known as a coffee destination — but there's actually another d...
Nov 18, 2020 (Gmt+09:00)
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Shareholder activism
NPS set to up pressure on spicy Korean ramen exporter
The National Pension Service has signaled a possible exercise of shareholder rights against South Korea’s No. 3 instant noodle maker Samyang Foo...
Nov 18, 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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Steel
Korean steel majors positioned as 2021 market darlings
Corporate earnings generally come in line with estimates from market analysts, who closely monitor industry conditions. But this year, one sector anal...
Nov 18, 2020 (Gmt+09:00)
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Korean Investors
Korean LPs favor direct lending for private debt investment
More than half of South Korea’s key asset owners, led by the National Pension Service, are inclined to expand overseas private debt investment i...
Nov 17, 2020 (Gmt+09:00)
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Pre-IPOs
Anchor Equity, TPG invest $500 mn in Korean mobile banking app
Hong Kong-based Anchor Equity Partners has agreed to invest 250 billion won ($226 million) to buy new shares in South Korea’s KakaoBank, shortly...
Nov 17, 2020 (Gmt+09:00)
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Korean stock market
Investors eye Goldilocks stock market in 2021; Biden, pandemic negatives
South Korea’s stock markets are expected to continue their uptrend into next year, fueled by aggressive foreign buying on the back of strong cor...
Nov 17, 2020 (Gmt+09:00)
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Airlines
Korean Air to buy rival Asiana in $1.6 bn deal to emerge as world’s 7th airline
Korean Air Lines Co. will spend 1.8 trillion won ($1.6 billion) to own a majority stake in beleaguered local rival Asiana Airlines Inc., in a deal t...
Nov 16, 2020 (Gmt+09:00)
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Corporate strategy
Amazon, SK Telecom join hands in Korea e-commerce market
SK Telecom Co. and online retail giant Amazon.com have agreed to team up in South Korea’s e-commerce market, in a deal that could lead to cross-...
Nov 15, 2020 (Gmt+09:00)
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Airlines
Korean Air bid to acquire Asiana faces challenges, activist opposition
The owner of Korean Air Lines Co.’s reported bid to acquire local rival Asiana Airlines Inc. faces several hurdles, including painful job cuts, ...
Nov 13, 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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Airlines
Parent of Korean Air seeks to buy rival Asiana Airlines
Hanjin Group, which owns South Korea’s flag-carrier Korean Air Lines Co., is seeking to buy local rival Asiana Airlines Inc., signaling a mega d...
Nov 12, 2020 (Gmt+09:00)
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Logistics
S. Korea's shipping firms grapple with container shortages
Growing shipping volumes and surging sea freight rates are wreaking havoc on South Korea's shipping companies, reeling from a dire shortage of contain...
Nov 12, 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)
Latest News
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