Lackawanna Energy Center
Scope
Date
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IPOs
LG Energy Solution applies for IPO seen to raise over $9 bn
LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...
Jun 08, 2021 (Gmt+09:00)
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Batteries
LG Energy, POSCO invest $15 mn in Aussie battery material supplier
South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...
Jun 08, 2021 (Gmt+09:00)
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E-commerce
Lotte vs Shinsegae: eBay Korea becomes battleground for retail showdown
The tussle over the acquisition of eBay Korea is now down to two heavyweight contenders. South Korea’s retail titans Lotte Group and Shinsegae...
Jun 07, 2021 (Gmt+09:00)
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Artificial intelligence
Shinhan REITs poised to buy Amazon logistics center
South Korea's Shinhan REITs Management Co. is poised to invest $93 million to buy a pre-completed fulfillment center in New Mexico, under a long-ter...
Jun 04, 2021 (Gmt+09:00)
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Alternative investments
Hana buys Osaka logistics center for about $140 mn
South Korea's Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥...
May 28, 2021 (Gmt+09:00)
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Aerospace & Defense
Hanwha, KAIST to co-launch space research center
Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university,...
May 17, 2021 (Gmt+09:00)
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Asset management
KOTAM raises $185 mn for BlackRock's new energy fund
Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...
Apr 22, 2021 (Gmt+09:00)
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Batteries
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Apr 05, 2021 (Gmt+09:00)
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Batteries
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...
Apr 01, 2021 (Gmt+09:00)
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Batteries
LG Energy to invest over $4.5 bn to expand US battery facilities
LG Energy Solutions Ltd. announced on Friday that it will invest more than 5 trillion won ($4.5 billion) by 2025 to expand its US battery business, ...
Mar 12, 2021 (Gmt+09:00)
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Batteries
LG Energy may build US, Europe plants to supply new batteries to Tesla
LG Energy Solution Ltd. may build an electric vehicle battery plant in the US to supply advanced battery cells to Tesla Inc. for its new models to b...
Mar 10, 2021 (Gmt+09:00)
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MICE business
COEX to run Vietnam’s No.2 convention center as MICE industry takes off
The Korea International Trade Association (KITA) and its exhibition operating unit, the Convention & Exhibition Center (COEX), will run Vietnam&...
Mar 09, 2021 (Gmt+09:00)
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Hydrogen economy
S-Oil invests in fuel cell maker to enter hydrogen energy market
South Korea-based oil refiner S-Oil Corp. is readying to expand its business into the hydrogen energy sector by investing around 8.2 billion won ($7...
Mar 08, 2021 (Gmt+09:00)
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Batteries
LG Energy, GM in talks to build 2nd EV battery plant in Tennessee
South Korea’s LG Energy Solution Ltd. is exploring building a second electric car battery plant in the US with joint venture partner General M...
Mar 05, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results
Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...
Mar 05, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, LG Energy team up on EV battery leasing, recycling
The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...
Feb 18, 2021 (Gmt+09:00)
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IT & Tech
Samsung creates big data center under direct CEO control
Samsung Electronics Co. has launched a Big Data Center in a move to improve the use of big data in the development, marketing and sales of smartphon...
Feb 18, 2021 (Gmt+09:00)
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Capital raising
Hanwha Solutions to sell $1.3 bn new shares in clean energy push
Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...
Feb 15, 2021 (Gmt+09:00)
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Energy
LG, SK, Hanwha accelerate shift to renewable energy with push for RE100
Following in the footsteps of SK Group, which last year declared that it will switch to renewable energy for plant operations, a number of South Kor...
Feb 10, 2021 (Gmt+09:00)
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Artificial intelligence
JR AMC tipped to buy Amazon logistics center in Ohio
South Korea’s JR AMC Co. has been named the preferred buyer of Amazon’s last-mile logistics center in central Ohio, for which the Seoul-...
Feb 02, 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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IPOs
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
Jan 28, 2021 (Gmt+09:00)
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Logistics
Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City
South Korea’s Hyundai Glovis Co. and a local port authority will build a logistic center in Vietnam’s Ho Chi Minh City to use it as a di...
Jan 14, 2021 (Gmt+09:00)
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Batteries
LG Energy Solution to begin IPO process, eyes H2 listing on local bourse
LG Chem Ltd.’s battery unit, LG Energy Solution, is set to become this year’s initial public offering blockbuster with its plan to list ...
Jan 10, 2021 (Gmt+09:00)
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Energy
Hanwha Solutions to raise $1 bn to boost eco-friendly energy businesses
Hanwha Solutions Corp. is preparing to raise 1.2 trillion won ($1.1 billion) through rights issues to shore up new growth drivers, particularly it...
Dec 22, 2020 (Gmt+09:00)
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Batteries
LG Energy Solution, Indonesia sign MOU on battery cooperation
LG Energy Solution, the battery unit of LG Chem Ltd., has signed a memorandum of understanding with the Indonesian government’s investment aut...
Dec 18, 2020 (Gmt+09:00)
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Energy
LG Chem to power Wuxi plant with renewable energy bought from China
South Korea's LG Chem Ltd. says it will power its battery component plant in China with renewable energy as part of its goal to be carbon neutral by...
Dec 14, 2020 (Gmt+09:00)
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Alternative investments
Korean investors buy Dutch logistics center using drones and smartphones
South Korea’s Kiwoom Securities Co. has acquired a new logistics center in the Netherlands for 180 billion won ($165 million) this year, relyi...
Dec 13, 2020 (Gmt+09:00)
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Batteries
POSCO Chem becomes supplier for GM-LG Energy Solution JV
POSCO Chemical Co., a secondary battery materials unit under POSCO, saw its share price surge on announcing that it has secured a contract worth bil...
Dec 09, 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)
language
Latest News
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