SK Shieldus sale to EQT Partners
Scope
Date
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Batteries
Samsung SDI, GM to build $3.8 bn EV battery plant in US
Samsung SDI Co., the world’s No. 6 electric vehicle battery maker, is set to build a plant in the US with General Motors Co., spending about 5...
Mar 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
Mar 03, 2023 (Gmt+09:00)
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Energy
SK Materials makes equity investment in ION for CO2 capture partnership
SK Materials Co., an industrial gas manufacturing affiliate of South Korea’s SK Inc., has made an equity investment in ION Clean Energy Inc., ...
Mar 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia close in on Toyota with record US sales
Hyundai Motor Co. and Kia Corp., under South Korea’s Hyundai Motor Group, posted their largest-ever sales for February in the US, narrowing a ...
Mar 02, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics bags $183 million CMO order from Pfizer
Samsung Biologics Co., the world’s No. 1 contract drug maker in terms of production capacity, has won a $182.7 million contract manufacturing ...
Mar 02, 2023 (Gmt+09:00)
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Korean startups
Carmerce raises $2.3 mn in Series A led by Hankook Tire
South Korea's used car e-commerce platform Carmerce has raised 3 billion won ($2.3 million) in a Series A funding round led by Hankook Tire & ...
Mar 02, 2023 (Gmt+09:00)
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Korean chipmakers
US CHIPS Act threatens Samsung, SK Hynix’s memory supremacy
WASHINGTON D.C. – The Biden administration’s “Chips for America” program aims to keep China’s growing clout in the sem...
Mar 02, 2023 (Gmt+09:00)
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Waste management
SK Ecoplant launches 4th plant in US
South Korea's environment-focused energy company SK Ecoplant Co. on Thursday said it added a base for recycling electrical and electronic waste and ...
Mar 02, 2023 (Gmt+09:00)
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Economy
S.Korea’s exports drop for 5th straight month in Feb on plunging chip sales
South Korea’s exports shrank 7.5% year over year in February on a plunge in shipments of its mainstay export item semiconductors amid the glob...
Mar 02, 2023 (Gmt+09:00)
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Food & Beverage
S.Korea's KGC to spur ginseng sales in China with state-run CR Group
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., is set to accelerate sales of its ginseng products across Chin...
Mar 02, 2023 (Gmt+09:00)
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Earnings
Korean e-commerce Coupang logs profits in Q3-Q4 2022
South Korean e-commerce giant Coupang Inc. achieved record-high yearly revenue and operating profits for two consecutive quarters between July to De...
Mar 01, 2023 (Gmt+09:00)
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Batteries
SK IE Technology mulls adding LiBS factory in US, says SKIET president
SK IE Technology Co. (SKIET), a global top lithium-ion battery separator (LiBS) player under South Korea’s energy and battery maker SK Innovat...
Feb 28, 2023 (Gmt+09:00)
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Batteries
Korea’s L&F in $2.9 billion deal to supply battery material to Tesla
South Korea’s leading battery materials maker L&F Co. said on Tuesday it has signed a $2.91 billion deal to supply cathode, a key electric...
Feb 28, 2023 (Gmt+09:00)
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Waste management
SK Ecoplant to establish virtuous cycle ecosystem for waste resources
SK Ecoplant Co., a subsidiary of South Korea's SK Group that focuses on recycling, construction and renewable energy, announced on Tuesday a busines...
Feb 28, 2023 (Gmt+09:00)
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Electric vehicles
SK Signet lands EV charger contract in US
SK Signet Inc., an affiliate of South Korea's SK Group that makes and sells electric vehicle (EV) chargers, on Monday said it received its first ord...
Feb 28, 2023 (Gmt+09:00)
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Shareholder activism
Activist fund Tcha Partners calls for Namyang Dairy to buy back shares
Seoul-based activist fund Tcha Partners Asset Management Co. on Monday demanded that South Korea’s Namyang Dairy Products Co. buy back half of...
Feb 27, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea’s SK Telecom to advance AI tech through partnerships
BARCELONA -- SK Telecom Co. plans to develop world-class artificial intelligence technology through partnerships with companies of Korean descent at...
Feb 27, 2023 (Gmt+09:00)
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Carbon neutrality
SK Ecoplant's Singaporean affiliate, Thailand's No. 2 conglomerate to develop green power
Singapore's TES, an electronic waste management specialist and subsidiary of South Korea's SK Ecoplant Co., will jointly pursue the development of e...
Feb 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
EQT Partners to acquire S.Korea’s SK Shieldus for $2.3 bn
EQT Partners AB, the world’s third-largest private equity firm, is poised to buy a controlling stake in South Korean security service provider...
Feb 26, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix face cap on tech level of chips made in China
WASHINGTON D.C. – Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chipmakers, might be unable to manufacture a...
Feb 24, 2023 (Gmt+09:00)
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Debt financing
Affinity refinances $130 mn debt as Burger King sale delayed
Affinity Equity Partners has refinanced 170 billion won ($130 million) in debt borrowed to acquire Burger King’s operations in South Korea and...
Feb 24, 2023 (Gmt+09:00)
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Corporate investment
SK Networks to expand investment in tech firms for future growth
SK Networks Co., the general trading and rental arm of South Korea’s third-largest conglomerate SK Group, will expand direct funding for tech ...
Feb 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor Group's 23 vehicle models win Editor's Choice Awards
Hyundai Motor Group made an announcement on Thursday, saying that its major vehicles had been selected as the best models at the 2023 Editor's Choic...
Feb 23, 2023 (Gmt+09:00)
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Electronics
LG Electronics plans sales blitz on US market for induction ranges
LG Electronics Inc. this year has launched an all-out sales offensive for induction ranges and cooktops in the US, the world's leading market for pr...
Feb 23, 2023 (Gmt+09:00)
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Cloud computing
S.Korea's SK Broadband moves into public DaaS market
South Korea's leading broadband Internet access provider SK Broadband is moving into the public desktop-as-a-service (DaaS) market.SK Broadband anno...
Feb 23, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom, NTT Docomo jointly publish technical white paper
SK Telecom Co. announced on Wednesday that it had published a technical white paper on 6G common requirements and 5G base station power-saving measu...
Feb 23, 2023 (Gmt+09:00)
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Private equity
S.Korean investors eye VC, growth equity in tech: Adams Street
Many investors are questioning whether private markets will stay bullish amid uncertainty in 2023. The markets will continue to generate interesting...
Feb 23, 2023 (Gmt+09:00)
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Energy
SK Materials joins forces with ExxonMobil in blue ammonia sector
South Korea's SK Materials will enter the blue ammonia market in partnership with global energy giant ExxonMobil.SK Materials on Wednesday said it s...
Feb 22, 2023 (Gmt+09:00)
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Advertising & Marketing
HD Hyundai expands online communication channels
HD Hyundai Co., formerly known as Hyundai Heavy Industries Group, has announced its intention to enhance its online communication channels to better...
Feb 22, 2023 (Gmt+09:00)
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Batteries
SK On resumes Ford F-150 Lightning battery production line
SK On Co., the world’s fifth-largest battery maker, on Monday resumed operations of the cell production line for Ford Motor Co.’s electr...
Feb 21, 2023 (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