Shinhan Financial Group Korea
Scope
Date
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Banking & Finance
NongHyup to gain toehold in southwest Asia with India branch
NongHyup Bank, a major arm of South Korea's National Agricultural Cooperative Federation, got the nod from India last week to open its first branch ...
May 30, 2022 (Gmt+09:00)
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Aerospace & Defense
UK satellite firm OneWeb to provide services in Korea
UK’s satellite company OneWeb plans to provide services for airlines and ships in South Korea where its geographic conditions kept the existin...
May 30, 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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Corporate investment
POSCO Group looks to treble corporate value by 2030
South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery materials and hydroge...
May 26, 2022 (Gmt+09:00)
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Corporate investment
LG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...
May 26, 2022 (Gmt+09:00)
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North Korea
North Korea fires three missiles after Biden ends Asia trip
TOKYO — North Korea fired a suspected intercontinental ballistic missile early Wednesday that flew only briefly before landing in the sea east o...
May 26, 2022 (Gmt+09:00)
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Corporate investment
Doosan to ramp up small nuclear reactor investment
Doosan Group will invest 5 trillion won ($4 billion) over the next five years, primarily in next-generation energy sectors such as small module reac...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hyundai to spend $30 bn on improving quality of combustion engine cars
Hyundai Motor Group will invest 63 trillion won ($50 billion) in its domestic businesses through 2025 to strengthen its competitiveness in electrifi...
May 25, 2022 (Gmt+09:00)
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Corporate investment
Hanwha to boost defense, aerospace biz with $2.1 bn spending
Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...
May 25, 2022 (Gmt+09:00)
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Corporate governance
SK becomes first group to disclose monetized social value
SK Group, South Korea’s third-largest conglomerate, created 18.4 trillion won ($14.5 billion) in social value in 2021, up 60% from the year pr...
May 24, 2022 (Gmt+09:00)
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Electric vehicles
Georgia state to provide $1.6 bn in incentives to Hyundai
Hyundai Motor Group is expected to receive about $1.6 billion in incentives including tax breaks from Georgia as South Korea’s top automaker i...
May 23, 2022 (Gmt+09:00)
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Food & Beverage
Tous les Jours, the next K-bakery to lure US customers
Tous les Jours, South Korea’s second-largest bakery franchise, is rapidly expanding its US business by attracting customers with greater varie...
May 23, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai to invest $10.5 bn in US EV, future mobility sectors
Hyundai Motor Group, South Korea’s top automaker, unveiled plans to spend $10.5 billion on the auto industry in the US through 2025 as it aims...
May 22, 2022 (Gmt+09:00)
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Korean chipmakers
Korea may be backpedaling in semiconductor push: Lawmaker
A sudden surge in demand for semiconductors post-pandemic, coupled with a prolonged chip shortage, has forced policymakers worldwide to revisit poli...
May 20, 2022 (Gmt+09:00)
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Energy
S-Oil shuts processing units after one killed, nine injured in blast
ULSAN, South Korea -- S-Oil Corp., Saudi Aramco’s refining unit in South Korea, has shut some of its production facilities in a move that will...
May 20, 2022 (Gmt+09:00)
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IPOs
Hyundai Card shelves IPO after Fubon buys 20% stake
South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...
May 20, 2022 (Gmt+09:00)
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Robotics
POSCO to deploy more industrial robots at workplaces
POSCO Group, which owns South Korea’s largest steelmaker, plans to deploy more industrial robots at its factories to improve productivity and ...
May 20, 2022 (Gmt+09:00)
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Behind the Scenes
Why GS Group keeps debt-ridden, cash-guzzling affiliate afloat
GS Group, a South Korean energy-to-retail conglomerate, has an unlisted affiliate that the group largely keeps out of the public eye but is occasion...
May 19, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis forms Thailand JV to expand SE Asia biz
South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...
May 19, 2022 (Gmt+09:00)
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Tech, Media & Telecom
KT maintains throne in Korea pay TV market in H2 2021
KT Corp., a major South Korean telecommunications company, and its affiliates had the largest subscribers of the country’s pay TV services, ma...
May 19, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to inject $16.6 bn into EV production in South Korea
The Hyundai Motor Group announced the conglomerate’s domestic investment blueprint on Wednesday. The backbone of the investment plan is to ma...
May 18, 2022 (Gmt+09:00)
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Retail
Korea electronics retailers face headwind from e-commerce, dept. stores
South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...
May 18, 2022 (Gmt+09:00)
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Aerospace & Defense
Hancom to launch South Korea’s first private satellite
Hancom InSpace, an affiliate of Hancom Group, announced on Wednesday it will launch South Korea’s first private satellite for Earth observatio...
May 18, 2022 (Gmt+09:00)
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Cryptocurrencies
Crypto investors threaten Terraform founders with class-action lawsuit
Cryptocurrency investors in South Korea have threatened to file a class action lawsuit against co-founders of the disgraced blockchain platform oper...
May 17, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK puts home decor firm Modern House on market
MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...
May 17, 2022 (Gmt+09:00)
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Batteries
Korea’s Iljin to build $391 mn battery materials plant in Spain
South Korea’s Iljin Materials Co. plans to invest 500 billion won ($391.2 million) in a battery materials plant in Spain, its first production...
May 17, 2022 (Gmt+09:00)
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Central bank
BOK chief says big-step rate hikes possible; bond yields jump
South Korea’s central bank chief said he will consider big-step interest rate hikes in the coming months to curb inflation in Asia’s fou...
May 16, 2022 (Gmt+09:00)
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Entertainment
Korea's key movie firm to push content production M&As
In recent years, the content creation industry in South Korea has been a key investment sector for local investment banks. Some major content produc...
May 16, 2022 (Gmt+09:00)
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Korean SMEs
Korea's top patient monitoring device maker targets pet sector
South Korea’s leading patient monitoring device maker Mediana Co. is targeting the pet medical industry while seeking an artificial intelligen...
May 16, 2022 (Gmt+09:00)
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Future mobility
S.Korea to launch $1.3 bn air taxi research project
The South Korean government will launch a 1.6 trillion won ($1.3 billion) project to set basic standards for urban air mobility (UAM), or air taxi, ...
May 13, 2022 (Gmt+09:00)