US Armed Services Committee
Scope
Date
~
-
Automobiles
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
Aug 06, 2021 (Gmt+09:00)
-
Korean startups
Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft
South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...
Aug 05, 2021 (Gmt+09:00)
-
Automobiles
Hyundai, Kia US sales slower despite strong growth
Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...
Aug 04, 2021 (Gmt+09:00)
language -
EV Batteries
Samsung SDI to build EV battery plant in US
Samsung SDI Co. plans to set up an electric vehicle (EV) battery plant in the US, joining South Korean battery producers’ move to gain ground ...
Jul 27, 2021 (Gmt+09:00)
-
Aerospace & Defense
Oshkosh-Hanwha consortium named bidder for design of US Army vehicle
A consortium led by Oshkosh Defense and Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace...
Jul 27, 2021 (Gmt+09:00)
-
Aerospace & Defense
Hanwha Defense chosen as contender for design of US Army war vehicle
Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...
Jul 26, 2021 (Gmt+09:00)
-
Alternative investments
Kookmin Bank to co-finance $840 mn US solar project
Kookmin Bank, South Korea's largest lender, will provide a $100 million loan to finance a solar power project led by US-based investment firm ECP as...
Jul 22, 2021 (Gmt+09:00)
-
Biosimilars
Korean drugmakers race to release Stelara biosimilars
South Korea’s major drugmakers such as Celltrion Inc., Samsung Bioepis and Dong-A St are going for broke to release biosimilars of Stelara, Jo...
Jul 22, 2021 (Gmt+09:00)
language -
Batteries
SK Materials’ shares fly high on rosy business outlook
Shares of SK Materials Co., the industrial gas manufacturing affiliate of South Korea’s SK Group, are hovering around all-time high levels ami...
Jul 21, 2021 (Gmt+09:00)
-
Energy
Doosan Heavy to invest $60 mn more in US NuScale Power
South Korea’s major power plant builder Doosan Heavy Industries & Construction Co. will further invest in NuScale Power LLC, a US small mo...
Jul 20, 2021 (Gmt+09:00)
language -
Battery materials
SK Materials to form a JV with US battery startup Group14 Technologies
SK Materials Co., SK Group’s industrial gas manufacturing arm, will set up a joint venture (JV) with a US battery materials startup Group14 ...
Jul 19, 2021 (Gmt+09:00)
language -
Green Cross' two Kosdaq-listed cell therapy arms to merge
South Korea's pharmaceutical group Green Cross Corp., or GC Pharma, will combine its two cell therapy developers listed on the junior Kosdaq market ...
Jul 18, 2021 (Gmt+09:00)
-
Mergers & Acquisitions
Hyundai Oilbank set to sell oil storage arm ahead of IPO
Hyundai Oilbank Co., a South Korean refiner, is selling a majority stake in its wholly owned Hyundai Oil Terminal Co. to a Seoul-based private equit...
Jul 16, 2021 (Gmt+09:00)
-
Pre-IPOs
Masayoshi Son's top pick Yanolja eyes 2023 Nasdaq listing
South Korea's largest travel platform Yanolja has raised 2 trillion won ($1.7 billion) from the Masayoshi Son-led SoftBank Vision Fund II, marking t...
Jul 15, 2021 (Gmt+09:00)
language -
Alternative investments
Hana Alternative logs over 9% return on US residential project
South Korea's Hana Alternative Assets Management Co. is estimated to have achieved an annualized return of 9.83% from the $51.5 million mezzanine lo...
Jul 15, 2021 (Gmt+09:00)
-
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)
language -
Automobiles
Samsung Electro-Mechanics targets EV parts
Samsung Electro-Mechanics, a South Korean electronic components maker, aims to expand its business in the booming electric vehicle (EV) parts market...
Jul 12, 2021 (Gmt+09:00)
-
Korean chipmakers
SK Hynix joins Micron in 4th-gen 10nm DRAM production
SK Hynix Inc. has kicked off mass production of its 8 Gigabit (Gb) LPDDR4 mobile DRAM chips based on the 1a nanometer (1anm) node, according to the ...
Jul 12, 2021 (Gmt+09:00)
language -
Pension funds
NPS bets big on property development as asset prices soar
The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...
Jul 09, 2021 (Gmt+09:00)
-
Korean startups
Grocery delivery platform Oasis valuation tops $650 mn; eyes US expansion
South Korea-based grocery delivery platform Oasis Corp., referred to as Oasis Market, has attracted 50 billion won ($44 million) from global private...
Jul 07, 2021 (Gmt+09:00)
-
Electronics
LG Electronics sees decent growth in US home appliance business
South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...
Jul 06, 2021 (Gmt+09:00)
language -
Pension funds
Govt pension fund makes first foray into overseas infrastructure
South Korea's Government Employees Pension Service (GEPS) has awarded a combined $105 million mandates to Goldman Sachs, Macquarie and Paris-based A...
Jul 06, 2021 (Gmt+09:00)
-
Tech, Media & Telecom
Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU
Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...
Jul 05, 2021 (Gmt+09:00)
-
Batteries
Hyundai Motor invests $100 mn in US battery startup SES
Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...
Jul 04, 2021 (Gmt+09:00)
language -
Future mobility
LG invests $88 mn in Kakao Mobility as both seek new growth opportunities
LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...
Jul 02, 2021 (Gmt+09:00)
-
Automobiles
Hyundai Motor, Kia report record-high H1 sales in US
Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...
Jul 02, 2021 (Gmt+09:00)
-
Korean games
Why Google is getting heat from game companies on recent commission cuts
Global IT giant Google is facing strong backlash from South Korean game companies angry with having to pay a 30% commission on in-app purchases whil...
Jun 29, 2021 (Gmt+09:00)
language -
Pre-IPOs
Korea’s leading e-book startups eye IPO in 2022
South Korea’s leading e-book platforms are targeting to go public next year. The country’s subscription-based e-book service provider Mi...
Jun 25, 2021 (Gmt+09:00)
-
Automobiles
US anti-dumping duties add to Korean tire makers' woes
The US trade body’s approval of anti-dumping tariffs on tire imports from South Korea, Taiwan and Thailand is adding to the woes of Korea&rsqu...
Jun 24, 2021 (Gmt+09:00)
language -
Mergers & Acquisitions
Shinsegae now Korea’s No.2 e-commerce player with eBay Korea buyout
Shinsegae Group pushed through to be the sole winner in the prolonged race to acquire control of eBay Korea, making it a close runner-up in South Ko...
Jun 24, 2021 (Gmt+09:00)
language