US Ambassador
Scope
Date
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Korean games
Netmarble buys majority stake in US game maker Kung Fu Factory
Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...
Feb 22, 2021 (Gmt+09:00)
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Interview
Former Korean Wall Street sheriff joins US PEF board
New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former se...
Feb 22, 2021 (Gmt+09:00)
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IPOs
S.Korean govt pushes dual-class share structure amid Coupang US listing
South Korea's ruling Democratic Party is set to pass a bill that will allow a dual-class share structure for unlisted companies next month amid grow...
Feb 19, 2021 (Gmt+09:00)
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Private equity
Korean PE firm to reap hefty returns from US bio investment
Medivate Partners, South Korea’s life science-focused private equity firm, is set to secure more than 2.5 times its investment of around 60 bi...
Feb 18, 2021 (Gmt+09:00)
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IPOs
Naver Webtoon targets US listing by year-end
Naver Webtoon Ltd. has begun preparations to make its trading debut in the US by year-end, according to the investment banking industry on Feb. 17.S...
Feb 17, 2021 (Gmt+09:00)
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Metaverse
Virtual influencers emerge as brand ambassadors
One of the highlights from last month’s CES 2021 was Reah Keem, a virtual influencer who appeared during LG Electronics' virtual press confere...
Feb 14, 2021 (Gmt+09:00)
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Private debt
Korean investors face $270 mn loss on Las Vegas hotel loans
South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...
Feb 12, 2021 (Gmt+09:00)
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Metaverse
Virtual influencers emerge as brand ambassadors
One of the highlights from last month’s CES 2021 was Reah Keem, a virtual influencer who appeared during LG Electronics' virtual press confere...
Feb 11, 2021 (Gmt+09:00)
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Alternative investments
Hana Alternative acquires US office building for $201 mn
South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...
Feb 04, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia post strong US sales on SUV, Genesis
Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
US auto startup set to buy 51% of Ssangyong Motor for $250 mn
HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Motor Co. to take a 51% ...
Jan 29, 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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Business & Politics
Samsung says fully ready for M&As; silent on US foundry plant
Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...
Jan 28, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
SM Line eyes H2 IPO on Korean bourse, aims to expand US trade
South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., o...
Jan 25, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung remains tight-lipped on new US chip plant reports
Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top mem...
Jan 24, 2021 (Gmt+09:00)
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Batteries
SK's US battery arm sells $1 bn green bonds at lower rates
The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...
Jan 20, 2021 (Gmt+09:00)
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Alternative investments
Meritz Alternative commits $150 mn to US multifamily fund
South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...
Jan 18, 2021 (Gmt+09:00)
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Energy
Total, Hanwha to set up JV for $1.8 bn US solar expansion
French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage ce...
Jan 15, 2021 (Gmt+09:00)
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Artificial intelligence
LG takes over controlling stake in US TV data analysis firm Alphonso
South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...
Jan 07, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)
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EV Batteries
SK Innovation to raise $920 mn for US battery plant expansion
South Korea-based SK Innovation Co. is ramping up investment for its US-based electric vehicle battery business, with plans to raise up to 1 tri...
Jan 07, 2021 (Gmt+09:00)
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Automobiles
SUVs drive up Hyundai, Kia in US market; G80 named safest car of year
A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...
Dec 31, 2020 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions acquires US hydrogen tank maker Cimarron, to invest $100 mn
Hanwha Solutions Corp. has acquired a 100% stake in Cimarron Composites LLC, a US hydrogen storage tank manufacturer, as the South Korean energy sol...
Dec 28, 2020 (Gmt+09:00)
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Alternative investments
Two US firms win $200 mn Korea Post infrastructure mandate
Argo Infrastructure Partners and Stonepeak Infrastructure Partners were chosen as Korea Post’s new overseas infrastructure investment managers...
Dec 24, 2020 (Gmt+09:00)
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Satellite communications
Hanwha Systems to invest $30 mn in US communications firm Kymeta
Hanwha Systems Co., the defense industry arm of Hanwha Group, has decided to invest 33.2 billion won ($30 million) in Kymeta Corp., a US satellite c...
Dec 24, 2020 (Gmt+09:00)
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Hydrogen economy
Hanwha looks to buy US hydrogen storage tank maker
Hanwha Solutions Corp. is seeking to acquire 100% of a US hydrogen storage tank manufacturer worth tens of millions of dollars, a local newspaper re...
Dec 23, 2020 (Gmt+09:00)
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Alternative investments
IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio
South Korea’s IGIS Asset Management Co. and Hana Financial Investment Co. have jointly acquired three pre-completed logistics centers in the U...
Dec 21, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor JV to launch robotaxi services in US by 2023
Hyundai Motor Group's autonomous driving joint venture Motional and US-based ride-hailing company Lyft have joined forces to offer robotaxi servic...
Dec 17, 2020 (Gmt+09:00)
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Pre-IPOs
Naver Webtoon taps foreign investors ahead of US listing
Global webtoon (digital comics) platform Naver Webtoon is paving the way to a listing in the US market, reaching out to foreign investors for pre-...
Dec 16, 2020 (Gmt+09:00)
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Pre-IPOs
HOLD Naver Webtoon taps foreign investors ahead of US listing
Global webtoon (digital comics) platform Naver Webtoon is paving the way to a listing in the US market, reaching out to foreign investors for pre-...
Dec 16, 2020 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore