Korean power plant
Scope
Date
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Automobiles
Renault vows action if Korean unit fails to improve productivity, cut costs
French auto giant Groupe Renault has warned of stern action against its struggling South Korean unit, urging it to improve productivity and cut cost...
Feb 09, 2021 (Gmt+09:00)
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Alternative investments
Korean banks fund alternative deals with $540 mn loans via KIC
South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...
Feb 09, 2021 (Gmt+09:00)
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Electronics
LG Display to invest $750 million in Vietnam OLED module plant
LG Display Co., a major South Korean display panel maker, will invest $750 million in its display plant in Vietnam to meet rising demand from electr...
Feb 08, 2021 (Gmt+09:00)
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Banking & Finance
Tight margins, regulatory meddling weigh on Korean banks
The five leading banks in South Korea, including Kookmin and Shinhan, logged their first drop in net profit last year in five years, dented by shrin...
Feb 08, 2021 (Gmt+09:00)
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Electric vehicles
Korean auto parts players to shine as carmakers go all in on EVs
Korean auto parts makers have rarely been favored by stock investors as they were regarded as mere subcontractors, with their performance largely de...
Feb 08, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung mulls $17 billion Austin chip plant, seeks tax breaks
Samsung Electronics Co. is seeking tax breaks of $805.5 million from the US state of Texas in return for a new $17 billion chip plant, which the Sou...
Feb 05, 2021 (Gmt+09:00)
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Hydrogen economy
Hyosung, Linde to create world's largest liquid hydrogen plant
South Korea-based Hyosung Heavy Industries Corp. and global industrial gas supplier Linde plc. have agreed to establish the world's largest liquid h...
Feb 05, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders to hike newbuilding prices; Daewoo eyes $1 bn deal
South Korea’s major shipbuilding companies are set to benefit from rising newbuilding prices, brightening the outlook for an improvement in th...
Feb 05, 2021 (Gmt+09:00)
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Earnings
Korean Air: Another earnings surprise in Q4 2020
Korean Air Lines Co. (KAL) posted a positive earnings surprise in 2020, reporting an operating profit of 238.3 billion won ($212 million) amid a dra...
Feb 05, 2021 (Gmt+09:00)
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Pension funds
Korean pension funds on over 1-month Kospi selling streak
The National Pension Service and other South Korean pension funds have offloaded a net 9.9 trillion won ($8.9 billion) worth of shares on the countr...
Feb 04, 2021 (Gmt+09:00)
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Korean food
Startups spice up Korean food export market
South Korean startups are at the forefront of the Korean food export boom as they boost global awareness of popular dishes such as spicy fermented c...
Feb 02, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Two thirds of Koreans use OTT services; YouTube favored
Two out of every three Koreans used over-the-top (OTT) media last year, with YouTube the favored platform from which to watch videos and other strea...
Feb 02, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix completes construction of its largest $3.14 bn chip plant
SK Hynix Inc. has completed the construction of its largest chip plant, which will use cutting-edge technology to produce memory semiconductors to m...
Feb 01, 2021 (Gmt+09:00)
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Batteries
SK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn
SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater share of the fast-growi...
Jan 29, 2021 (Gmt+09:00)
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IPOs
US data centers-backed REIT seeks $90 mn Korean IPO in 2021
A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...
Jan 28, 2021 (Gmt+09:00)
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Business & Politics
Samsung says fully ready for M&As; silent on US foundry plant
Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...
Jan 28, 2021 (Gmt+09:00)
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Batteries
SKC to spend $600 mn to build copper foil plant in Malaysia
South Korea’s SKC Ltd. will build its first overseas plant of copper foils in Malaysia for 650 billion won ($588 million), as the chemical mat...
Jan 26, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
SM Line eyes H2 IPO on Korean bourse, aims to expand US trade
South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., o...
Jan 25, 2021 (Gmt+09:00)
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Korean-Americans on Wall Street
Korean social network-turned-Wall Street gateway
Korean investment bankers are more visible on Wall Street than ever before. Between 2010 and 2020, some 120 bankers, of Korean origin, landed covete...
Jan 25, 2021 (Gmt+09:00)
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Bioplastics
S.Korean chem firms hasten shift to bioplastics amid China's plastic ban
South Korea’s chemical industry is in crisis mode as China declares war on plastics, likely to deliver a heavy blow to Korean companies that b...
Jan 25, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung remains tight-lipped on new US chip plant reports
Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top mem...
Jan 24, 2021 (Gmt+09:00)
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Logistics
HMM, SM Line to deploy container ships to support Korean exporters
South Korea’s leading shipping companies have decided to deploy at least five container carriers on major sea routes to provide support for lo...
Jan 22, 2021 (Gmt+09:00)
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Logistics
Surging freight rates, bulker shortages squeeze Korean importers
Surging sea freight rates, coupled with a shortage of bulk carriers and container ships, are putting South Korean exporters and importers in a bind ...
Jan 21, 2021 (Gmt+09:00)
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Alternative investments
Korean LPs pick their 44 favorite alternative managers
Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...
Jan 21, 2021 (Gmt+09:00)
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ESG
ESG becomes name of the game on Korean corporate boards
South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards ...
Jan 20, 2021 (Gmt+09:00)
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Entertainment
Netflix sweeps S.Korean content market
Global streaming giant Netflix Inc. has become a leading platform in South Korea, boasting around 4.1 million paid subscribers and earning over 500 ...
Jan 19, 2021 (Gmt+09:00)
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Petrochemicals
S.Korean chem firms look to specialty chemicals to drive growth
South Korea-based Kumho Petrochemical Co. stunned the market last year with a positive earnings surprise in the third quarter of 2020. The company...
Jan 17, 2021 (Gmt+09:00)
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Batteries
Hyundai inks deal to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to en...
Jan 15, 2021 (Gmt+09:00)
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Economy
S.Korean banks' household, company loans near $1.8 trn
South Korean households and companies have taken out fresh loans worth 208 trillion won ($189 billion) from banks last year, pushing the outstanding...
Jan 15, 2021 (Gmt+09:00)
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Aerospace & Defense
S.Korean game behemoth invests $16 mn in Elon Musk's SpaceX
The founder of South Korea's leading game company Nexon Co. has invested $16 million in SpaceX, the aerospace company headed by Elon Musk, chief e...
Jan 14, 2021 (Gmt+09:00)
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