LX International Corp.
Scope
Date
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Mergers & Acquisitions
Hanwha Aerospace, Hanwha Defense likely to merge
Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions ...
Jul 25, 2022 (Gmt+09:00)
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Automobiles
Korea's Hyundai Mobis bolsters its own chipmaking capabilities
Hyundai Mobis Co., South Korea’s largest auto parts maker, is aiming to produce the majority of its automotive semiconductors with its own tec...
Jul 22, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea’s 5G, cryptography likely to be adopted as global standards
South Korea’s five technologies on 5G mobile networks, cloud computing and cryptography have been preliminarily chosen as global standards, a ...
Jul 18, 2022 (Gmt+09:00)
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Airlines
Korean LCCs’ international flight recovery remains slow
South Korean budget airlines are seeing a slow recovery in international flights as key routes such as China and Japan have yet to normalize while t...
Jul 15, 2022 (Gmt+09:00)
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K-pop
Disney+ to run two BTS shows in HYBE's 1st global content collaboration
HYBE Co., the K-pop label best known for BTS, signed an agreement with Walt Disney Company in its first collaboration with an international content ...
Jul 13, 2022 (Gmt+09:00)
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Airlines
Korean Air gears up to normalize international flights
Korean Air Lines Co., the country’s top carrier, is set to take measures to normalize international flights as nations worldwide are opening u...
Jun 29, 2022 (Gmt+09:00)
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Arts
LG to sponsor Guggenheim’s move for tech-based art
LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics...
Jun 03, 2022 (Gmt+09:00)
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Metaverse
VA Corp. to build Asia’s largest virtual studio with LG’s LED displays
VA Corp. (VAC), a South Korean visual effects production startup, is building Asia’s largest virtual studio complex equipped with super-large ...
May 27, 2022 (Gmt+09:00)
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Travel & Leisure
Lotte Hotel Yangon: Pain for POSCO International, Hotel Lotte
South Korea’s POSCO International Corp. and Hotel Lotte Co. have been suffering from sluggish earnings of their five-star hotel in Yangon, Mya...
May 23, 2022 (Gmt+09:00)
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Corporate investment
LX International’s value soars on cryptocurrency, GAM mine in Indonesia
LX International Corp., the trading unit of South Korea’s LX Group, has seen its enterprise value rise by two-thirds over the past three month...
Apr 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s LX Group seeks to acquire Magnachip Semiconductor
South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...
Apr 26, 2022 (Gmt+09:00)
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Airlines
Korean Air’s stock lags US peers' on slow demand recovery
Korean Air Lines Co.’s stock is underperforming those of its US rivals on concerns that South Korea’s top carrier is unlikely to immedia...
Apr 14, 2022 (Gmt+09:00)
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Korean startups
Creator tech startup Awake Corp. attracts over $892,000 in seed funding
Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...
Apr 12, 2022 (Gmt+09:00)
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Automobiles
Kumho Tire, labor union in tug of war over international plants
Kumho Tire Co., South Korea’s No. 2 tire maker, struggled to agree with its unionized workers on more overseas plants although the company des...
Apr 08, 2022 (Gmt+09:00)
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K-pop
JYP Entertainment stocks skyrocket 70% in three months
Shares of JYP Entertainment Inc. have been skyrocketing in recent months. The record label stocks jumped more than 70% from its lowest price point s...
Apr 08, 2022 (Gmt+09:00)
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Regulations
FTC pushes to monitor foreign conglomerate owners
South Korea’s Fair Trade Commission (FTC) is one step closer to including foreign nationals to its list of owner-cum-heads of conglomerates ...
Apr 07, 2022 (Gmt+09:00)
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Memo from Howard Marks
The pendulum in international affairs
As regular readers of my memos and books know, I’m strongly interested in – you might say obsessed with – the concept of the pen...
Mar 25, 2022 (Gmt+09:00)
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Korean startups
Visual effects startup VA Corp joins ranks of unicorns
Visual effects production startup VA Corporation announced Monday it received 100 billion won ($80.4 million) from private equity fund Paratus Inv...
Mar 15, 2022 (Gmt+09:00)
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Airlines
Global airlines raise flights to pre-COVID levels on border reopening
Global airlines are increasing flights to pre-pandemic levels as countries worldwide are opening up their borders to support the tourism sector, ram...
Mar 14, 2022 (Gmt+09:00)
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War in Ukraine
Korea corp. borrowing costs to rise further on Russia risks
South Korean companies are expected to pay more for fundraising as Russia’s invasion of Ukraine has chilled investor sentiment on corporate bo...
Mar 02, 2022 (Gmt+09:00)
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Electric vehicles
Korea’s trading firms set sights on EV parts production for growth
South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...
Feb 22, 2022 (Gmt+09:00)
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ESG
LG Group improves dividend policy transparency
A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...
Feb 14, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LX Group to buy glassmaker from Glenwood PE
South Korea’s LX Group is acquiring a local glassmaker from private equity firm Glenwood PE.LX Group was scheduled to sign a memorandum of und...
Dec 24, 2021 (Gmt+09:00)
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Electric vehicles
POSCO International signs parts supply deal with US EV startup Rivian
POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...
Dec 02, 2021 (Gmt+09:00)
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Venture capital
Korea's biggest fund to invest $5.8 million in overseas VCs
Korea Venture Investment Corp. plans to invest $58.2 million or about 69 billion won in 10 funds around the globe. The government-backed fund o...
Dec 02, 2021 (Gmt+09:00)
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Bio & Pharma
Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics
South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...
Nov 23, 2021 (Gmt+09:00)
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The award ceremony airs live
Chunsa International Film Festival
Chunsa International Film Festival is where filmmakers and audiences meet and look to collaborate on the constructive future of Korean films. In memor...
Nov 19, 2021 (Gmt+09:00)
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Energy
POSCO International, Petronas sign PSC for Malaysian gas development
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...
Nov 02, 2021 (Gmt+09:00)
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Energy
POSCO International seeks to buy Australian gas producer Senex
POSCO International Co. is seeking to acquire Australian coal seam gas producer Senex Energy Ltd., as the trading unit of South Korean steelmaker PO...
Oct 18, 2021 (Gmt+09:00)