Osstem Meeting 2024
Scope
Date
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Carbon neutrality
Hyundai Oilbank to build LNG-hydrogen power plant for $335 mn
South Korean refiner Hyundai Oilbank Co. plans to build an eco-friendly power plant fueled with liquefied natural gas (LNG) and blue hydrogen to mee...
Dec 22, 2021 (Gmt+09:00)
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Shareholder activism
Activist fund again urges SK Chem to sell SK Bioscience stake
An activist fund has again urged South Korea’s SK Chemicals to sell part of its stake in SK Bioscience or buy back treasury shares and cancel ...
Dec 17, 2021 (Gmt+09:00)
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Metaverse
VR meetings with holograms, powered by metaverse startup DoubleMe
Come next year, attending meetings as a hologram version of yourself is set to become more common.Metaverse startup DoubleMe plans to commercialize ...
Dec 07, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical, GM to launch new battery material JV in US
South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...
Dec 02, 2021 (Gmt+09:00)
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Business & Politics
Jay Y. Lee meets Verizon CEO and Moderna co-founder
Samsung Electronics Co. Vice Chairman Jay Y. Lee has met with biopharmaceutical conglomerate Moderna’s co-founder and telecommunications g...
Nov 18, 2021 (Gmt+09:00)
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[ASK 2021] European NPL market growth creates investment opportunities
Global asset managers will see great opportunities in the European non-performing loan market amid challenges facing the EU banking industry, such...
Nov 08, 2021 (Gmt+09:00)
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Bio
Sartorius to invest $300 mn in bio material, equipment plant in Korea
Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...
Nov 03, 2021 (Gmt+09:00)
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IPOs
SM Line joins growing list of S.Korean IPO dropouts
SM Line Corp. on Wednesday became the latest South Korean company to drop its initial public offering plan on disappointing institutional interest.T...
Nov 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Namyang top shareholder barred from casting vote at general meeting
Namyang Dairy Products Co.'s top shareholder and Chairman Hong Won-sik will be barred from exercising his shareholder rights at the company's genera...
Oct 28, 2021 (Gmt+09:00)
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Korean chipmakers
Small-size PCB makers in expansion mode to meet demand
The growing demand for larger-size printed circuit boards (PCBs), used to connect chips to the circuit boards of electronic devices, has been pushin...
Sep 29, 2021 (Gmt+09:00)
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Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 22, 2021 (Gmt+09:00)
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Electronics
LG Electronics turns home appliance plant into smart factory
South Korea’s LG Electronics Inc. said on Thursday it is turning its main home appliance plant into a smart factory, which improves productivi...
Sep 16, 2021 (Gmt+09:00)
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Copper
LS-Nikko to boost profit by 4-6% with smart factory
LS-Nikko Copper Inc., the world’s second-largest electrolytic copper maker, is beginning to reap the rewards of its smart factory project bega...
Sep 15, 2021 (Gmt+09:00)
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Korean startups
SIA analyzes satellite data for companies, government and ESG
There are about 2,000 satellites in space, orbiting the earth and generating countless images without being confined to geographical boundaries. And...
Sep 15, 2021 (Gmt+09:00)
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Batteries
EcoPro BM’s magic to hit $9 bn jackpot after 10-year dark ages
South Korea’s battery materials maker EcoPro BM Co. won a near $9 billion order from SK Innovation Co., an unusually large contract for a medi...
Sep 10, 2021 (Gmt+09:00)
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Batteries
POSCO Chem, OCI to produce previously imported battery material in Korea
POSCO Chemical and OCI plan to produce in South Korea a key material for electric vehicle batteries, which has so far been imported.POSCO Chemical s...
Aug 26, 2021 (Gmt+09:00)
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Energy
Hyundai Engineering wins $256 mn order to revamp Thai IRPC refinery
South Korea’s construction company Hyundai Engineering Co. won a $256 million order from IRPC Pcl. to upgrade its refinery, allowing the Thai ...
Aug 26, 2021 (Gmt+09:00)
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Carbon neutrality
Samsung Heavy wins approval for ammonia-ready ship design
Samsung Heavy Industries obtained a certificate for its basic design to revamp a liquefied natural gas (LNG) or diesel-powered crude tanker into an ...
Aug 19, 2021 (Gmt+09:00)
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Alternative investments
POBA commits €80 mn to AXA's life science property fund
South Korea's Public Officials Benefit Association (POBA) has committed €80 million ($95 million) to AXA Investment Managers' fund, which recen...
Aug 03, 2021 (Gmt+09:00)
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Electronics
Inside Samsung: Top level meetings drive ecosystem buildup
Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...
Aug 02, 2021 (Gmt+09:00)
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Robotics
Woowa Brothers launches last-mile indoor food delivery robot in Seoul
Woowa Brothers Corp., South Korea’s top food delivery app operator, has launched a last-mile indoor robot food delivery service, as people inc...
Jul 13, 2021 (Gmt+09:00)
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Central banking
Fed’s Powell, BOK chief to meet during G20 gathering
Federal Reserve Chair Jerome Powell and Bank of Korea (BOK) Governor Lee Ju-yeol will meet during a Group of 20 (G20) gathering of finance ministe...
Jul 09, 2021 (Gmt+09:00)
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Machinery
Hyundai Rotem wins $296.5 mn electric train deal from Tanzania
Hyundai Rotem won a $296.5 million electric train deal from Tanzania as the South Korean railway system maker aims to expand business in Africa.Hyun...
Jul 06, 2021 (Gmt+09:00)
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Korean chipmakers
DB HiTek in quandary over foundry ramp-up amid chip supercycle
DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...
Jun 23, 2021 (Gmt+09:00)
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Electronics
LG Innotek eyes record profit, revenue on strong camera module sales
LG Innotek Co., a major camera module supplier for Apple Inc.’s iPhones, is looking to post a record operating profit and sales this year as i...
Jun 07, 2021 (Gmt+09:00)
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Korean startups
Colosseum rises to e-commerce challenge with one-stop solution
Fulfillment companies are expected to enjoy sharp growth this year, thanks to the global e-commerce boom fueling demand for fulfillment services, ...
May 13, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor to roll out automated remote valet parking cars in 2024
Maneuvering in and out of tight parking spaces is troublesome for some drivers, men and women alike. Whatever your take on parking, Hyundai Motor Co...
Dec 11, 2020 (Gmt+09:00)
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Sovereign wealth funds
KIC CEO to meet GIC, Temasek execs during Singapore trip
Korea Investment Corporation (KIC) Chief Executive Choi Heenam will make his first overseas business trip in 11 months to visit Singapore this month...
Dec 04, 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)
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Business Expansion
Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties
Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...
Oct 21, 2020 (Gmt+09:00)
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