Korean Government investment
Scope
Date
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Mergers & Acquisitions
Osstem to buy Brazil’s No. 3 dental implant maker Implacil
South Korea’s Osstem Implant Co., the world’s fourth-largest dental implant maker, is slated to acquire Brazilian peer Implacil De Borto...
May 03, 2024 (Gmt+09:00)
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Future mobility
Hyundai to invest $923 million on self-driving JV Motional
Hyundai Motor Group, the world’s third-largest automaker, is set to spend nearly $1 billion on Motional, its loss-making self-driving joint ve...
May 03, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s Lotte Card injects $68 mn into Vietnamese unit
Lotte Card Co., South Korea’s No. 5 credit card issuer, has injected $68 million into its Vietnamese unit to expand its business in the Southe...
May 02, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to supply Remsima, Herzuma to Peru
South Korea's Celltrion Inc. announced on Thursday that it secured a contract to supply its biosimilars for autoimmune disease treatment and antican...
May 02, 2024 (Gmt+09:00)
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Banking & Finance
Korean brokerages' foreign profits up on IB, bond trading
South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...
May 02, 2024 (Gmt+09:00)
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Waste management
SK Geo reconsiders extent of $1.3 bn plastic recycling plant project
South Korea’s SK Geo Centric Co. is reconsidering how much it will invest in a planned $1.3 billion waste plastic recycling complex project in...
May 02, 2024 (Gmt+09:00)
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Corporate restructuring
Taeyoung E&C kickstarts debt workout with loan sale to IGIS
Creditors to Taeyoung Engineering & Construction Co. (Taeyoung E&C) gave the go-ahead to a debt workout program for the cash-strapped South ...
May 01, 2024 (Gmt+09:00)
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Earnings
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...
Apr 30, 2024 (Gmt+09:00)
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Real estate
US multifamily market challenges create investment opportunities
There is potential distress in the U.S. multifamily housing sector today. we believe there is a window of opportunity over the next 12-18 mont...
Apr 30, 2024 (Gmt+09:00)
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Travel & Leisure
Korean retailers, hotels enjoy tourist boom in May holidays
South Korean retailers and hotels are enjoying a boom thanks to an expected surge in tourists at home and abroad as more than 180,000 foreigners are...
Apr 30, 2024 (Gmt+09:00)
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Mergers & Acquisitions
STIC Investments to sell Korea’s top mobile coupon platform
Seoul-based private equity firm STIC Investments is set to sell Coop Marketing, South Korea’s largest mobile coupon platform company that oper...
Apr 30, 2024 (Gmt+09:00)
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Economy
Korea’s factory output backpedals, but spending recovers in March
South Korea’s factory activity weakened in March on a fall in manufacturing output, stoking concerns about Asia’s fourth-largest economy...
Apr 30, 2024 (Gmt+09:00)
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Artificial intelligence
Vuno, Canon to target AI diagnostic market in Japan
South Korea's medical device startup Vuno announced on Monday that its Japanese partner M3AI signed a memorandum of understanding (MOU) with Canon M...
Apr 30, 2024 (Gmt+09:00)
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Earnings
Korean battery maker SK On expects business turnaround in H2
SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects a business turnaround in the seco...
Apr 29, 2024 (Gmt+09:00)
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E-commerce
MBK to delist Korean e-commerce Connectwave after tender offer
MBK Partners, one of the largest Asian private equity firms, is set to delist South Korea’s leading e-commerce operator Connectwave Co. from t...
Apr 29, 2024 (Gmt+09:00)
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Chemical Industry
LG Chem to supply switchable glass films to Webasto
LG Chem Ltd. is venturing into the automotive smart glass film market as it has won an order to supply its switchable glazing films to German auto p...
Apr 29, 2024 (Gmt+09:00)
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Corporate investment
Etech System attracts $130 mn investment
South Korea's integrated IT solution consulting company Etech System attracted an investment of 180 billion won ($130 million) from private equity f...
Apr 29, 2024 (Gmt+09:00)
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Bio & Pharma
Korean botox sales gain momentum in US, China
South Korea is ramping up exports of botulinum toxin to the US and China, the world’s two top consumers of the neurotoxin protein, with its pr...
Apr 29, 2024 (Gmt+09:00)
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Energy
Malaysia, OCI’s base set to beat Chinese polysilicon rivals
SARAWAK, Malaysia – OCI Group, South Korea’s leading chemical and green energy conglomerate, is expanding its polysilicon facility in Ma...
Apr 29, 2024 (Gmt+09:00)
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Pension funds
NPS to commit $1.1 billion to external managers in 2024
South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth...
Apr 28, 2024 (Gmt+09:00)
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Foreign exchange
Navigating choppy waters: Dollar-won FX forecasting
Late last year, when the Korean won traded at 1,288 per dollar, most market analysts and economists predicted that the Korean currency would regai...
Apr 26, 2024 (Gmt+09:00)
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Automobiles
Genesis unveils GV70 facelift ahead of Korean debut in May
Hyundai Motor Co.'s premium brand Genesis on Friday unveiled the GV70 facelift as the leading South Korean automaker plans to launch the luxury mids...
Apr 26, 2024 (Gmt+09:00)
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Retail
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...
Apr 26, 2024 (Gmt+09:00)
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Airlines
Korean Air to launch Incheon-Macau route in July
Korean Air Lines Co., the leading full-service airline in South Korea, announced on Friday that it will launch flights on the Incheon-Macau route st...
Apr 26, 2024 (Gmt+09:00)
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Airlines
MBK, Air Premia team up for Asiana’s cargo unit; Jeju Air exits
South Korea's low-cost carrier Air Premia Inc. has teamed up with North Asia-focused private equity firm MBK Partners to win Asiana Airlines Inc.'s ...
Apr 25, 2024 (Gmt+09:00)
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Earnings
Hyundai Glovis expects better 2024 after beating market in Q1
Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in th...
Apr 25, 2024 (Gmt+09:00)
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Automobiles
Hyundai AutoEver gets CSMS Level 3 certification
South Korea's Hyundai AutoEver Corp. announced on Thursday that it obtained the international standard Cybersecurity Management System (CSMS) Level ...
Apr 25, 2024 (Gmt+09:00)
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Earnings
SK Hynix, latest chipmaker to emerge victorious with record Q1 sales
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the fir...
Apr 25, 2024 (Gmt+09:00)
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Korean chipmakers
SK Hynix to invest $14.6 bn to build HBM plant in S.Korea
SK Hynix Inc. will spend 20 trillion won ($14.6 billion) to build a new memory chip manufacturing plant on a site originally designated to build a N...
Apr 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Philly Shipyard cooperate to enter US
South Korea’s HD Hyundai Heavy Industries Co. announced on Wednesday that it has recently signed a memorandum of understanding (MOU) for desig...
Apr 24, 2024 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer