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Scope
Date
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Construction
Bosung attracts $2 bn investment from TGK for Korea's largest data center
South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...
Sep 23, 2022 (Gmt+09:00)
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Venture capital
Korean VCs look for next Grab, Gojek startups in Singapore
South Korea’s leading venture capital companies with at least 1 trillion won ($711 million) in assets under management are looking for promisi...
Sep 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Samsung’s Lee, SoftBank’s Son to discuss partnership on ARM
Samsung Electronics Co. Vice Chairman Jay Y. Lee will meet with Japan’s SoftBank Group Chairman Masayoshi Son next month to discuss a deal reg...
Sep 22, 2022 (Gmt+09:00)
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The KED View
Was South Korea’s FX intervention too late?
The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...
Sep 21, 2022 (Gmt+09:00)
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Artificial intelligence
LG fridges, TVs to leverage embedded AI to distinguish human voices
LG Electronics Inc., an industry frontrunner in applying artificial intelligence to home appliances, has unveiled a new speaker identification techn...
Sep 21, 2022 (Gmt+09:00)
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Venture capital
Growing Korean corporate VCs provide silver lining to startups
South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...
Sep 18, 2022 (Gmt+09:00)
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Economy
Korea vows favorable taxation for US, foreign firms
South Korea's National Tax Service (NTS) and the American Chamber of Commerce in Korea (AMCHAM) held a meeting on Sept. 16 to discuss favorable ta...
Sep 16, 2022 (Gmt+09:00)
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Foreign exchange
S.Korea may have spent over $700 mn to support ailing won
South Korea was estimated to have dumped more than $700 million on Thursday to support the ailing won currency as it risked breaking through the psy...
Sep 15, 2022 (Gmt+09:00)
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Logistics
EMP Belstar launches $300 mn Korea logistics fund
Energy and infrastructure-focused private equity firm EMP Belstar has launched its second logistics fund targeting cold storage facilities in South ...
Sep 15, 2022 (Gmt+09:00)
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ESG
Samsung goes green as it eyes clean tech supremacy across supply chain
Samsung Electronics Co., the world’s largest smartphone and memory chipmaker, said on Thursday it is aiming to power its entire operations wit...
Sep 15, 2022 (Gmt+09:00)
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Investment banking
BofA names Korean American Mike Joo as head of North America GCIB
Bank of America Corp. has appointed Korean American Mike Joo as its new head of North America global corporate and investment banking (GCIB), accord...
Sep 14, 2022 (Gmt+09:00)
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Bio & Pharma
Biden’s move to beef up US bio industry poses threat to Korean firms
President Joe Biden’s plan to support the US biomanufacturing infrastructure aimed at containing China’s clout is posing a threat to Sou...
Sep 14, 2022 (Gmt+09:00)
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Entertainment
Squid Game wins Emmy awards for best actor, director
LOS ANGELES, California -- Netflix mega-hit Squid Game star Lee Jung-jae and creator Hwang Dong-hyuk each bagged an Emmy trophy Monday night in Los ...
Sep 13, 2022 (Gmt+09:00)
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Korean games
Nexon late founder’s family inherits all his shares
The wife and two daughters of Nexon’s late founder Kim Jung-ju have inherited all his shares in the game developer’s holding company NXC...
Sep 08, 2022 (Gmt+09:00)
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Energy
Hanwha Solutions, GS Energy to produce sheets for solar power
South Korea’s Hanwha Solutions Corp., Hanwha Group’s energy services arm, is entering into a sizeable co-investment to strengthen its so...
Sep 07, 2022 (Gmt+09:00)
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Pension funds
CalSTRS, Korea's KTCU consider launching 2nd real estate JV
The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...
Sep 07, 2022 (Gmt+09:00)
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Korean chipmakers
SK Hynix bets on 2025 memory upturn with $11 billion new plant
SK Hynix Inc., the world’s second-largest memory chipmaker, will spend 15 trillion won ($11 billion) over the next five years to build a new m...
Sep 06, 2022 (Gmt+09:00)
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Shareholder activism
Delta Air increases stake in Hanjin KAL to back Chairman Cho
Delta Air Lines Inc., a friendly shareholder of Hanjin KAL Co., has bought an additional 1.7% stake in the company, which operates Korea’s lar...
Sep 05, 2022 (Gmt+09:00)
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Corporate investment
Lotte to invest $900 mn in Vietnam smart city project
Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea PE firms to buy FCCL maker NexFlex at $463 mn
South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...
Sep 02, 2022 (Gmt+09:00)
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Korean startups
Business magnates' startup investment fraternity V-Society going strong
Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...
Sep 01, 2022 (Gmt+09:00)
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Waste management
SK Ecoplant bets on US battery recycling firm Ascend Elements
South Korea’s SK Ecoplant Co., formerly SK Engineering & Construction Co., signed a stock purchase agreement (SPA) on Aug. 31 to invest $5...
Sep 01, 2022 (Gmt+09:00)
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Economy
Korea’s record trade deficit adds to downturn concerns
South Korea logged a record monthly trade deficit in August with the longest spree of shortfalls in more than 14 years, while domestic consumption, ...
Sep 01, 2022 (Gmt+09:00)
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Chemical Industry
LG Chem to build carbon nanotube Plant 4 for EV batteries
LG Chem Ltd., South Korea’s chemicals giant, is set to build the world’s largest single-line carbon nanotube (CNT) manufacturing plant i...
Aug 30, 2022 (Gmt+09:00)
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Pension funds
Korea's NPS posts 8% loss from investment in H1 2022
National Pension Service (NPS) of South Korea had an 8% negative return during the first half of 2022, its investment management arm announced on Au...
Aug 30, 2022 (Gmt+09:00)
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Electric vehicles
LG Energy, Honda to form JV for EV battery production in the US
LG Energy Solution Ltd. announced on Monday that it reached an agreement with Honda Motor Co. to establish a joint venture company to produce lithiu...
Aug 29, 2022 (Gmt+09:00)
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Automobiles
Hyundai narrows Level 3 self-driving tech gap with Tesla to one year
South Korea’s top automaker Hyundai Motor Co. has narrowed its technology gap in Level 3 self-driving vehicles with Tesla Inc. to one year, mo...
Aug 29, 2022 (Gmt+09:00)
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Automobiles
Hyundai’s Chung rolls up sleeves to counter US EV tax credit act
Hyundai Motor Group Chairman Chung Euisun is off to the US to meet government officials and business leaders as the recently passed Inflation Reduct...
Aug 25, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor Group to invest in fabless startup BOS Semiconductors
Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...
Aug 25, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to spend $74 bn on chip production lines in Korea
Samsung Electronics Co., the world’s top memory chipmaker, is expected to invest some $74 billion to expand semiconductor production capacity ...
Aug 23, 2022 (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