Whalebook 2-in-1
Scope
Date
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Artificial intelligence
Korea's LG Uplus aims for $1.4 bn in B2B AI sales by 2028
South Korea’s leading mobile carrier LG Uplus Corp., which is set to unveil its first artificial intelligence chip by the end of this year, ai...
10 HOURS AGO
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Shipping & Shipbuilding
HMM starts to demonstrate OCCS for vessles
South Korea's HMM Co. announced on Tuesday that it installed and initiated a demonstration of the Onboard Carbon Capture and Storage System (OCCS) f...
11 HOURS AGO
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Electric vehicles
Korea Eximbank to provide $150 mn PF to Australia
The Export-Import Bank of Korea (Eximbank) announced on Tuesday that it will provide $150 million in project financing (PF) for developing a rare ea...
11 HOURS AGO
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Economy
S.Korea’s inflation holds below 3% for 3rd straight month
South Korea’s headline inflation stayed in the 2% range for the third straight month in June after its slowest rate of increase in 11 months, ...
16 HOURS AGO
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League table
UBS tops Korea’s M&A advisor list on Asiana, Affinity deals
UBS Group AG topped the South Korean mergers and acquisitions (M&A) league table in the second quarter as the global investment bank worked on m...
Jul 01, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean wins $1.57 billion deal for LNG carriers, VLCCs
Hanwha Ocean Co., a shipbuilding unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, said on Monday it has won a combined 2....
Jul 01, 2024 (Gmt+09:00)
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Energy
LG Uplus builds 1,000 kW solar power facility in Daejeon
South Korea's LG Uplus Corp. established a solar power facility to achieve carbon neutrality by 2050. LG Uplus announced on Sunday that it installe...
Jul 01, 2024 (Gmt+09:00)
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Travel & Leisure
S.Korea sees foreign visitors 95% of pre-pandemic
The Korea Tourism Organization (KTO) announced on Friday that the number of foreign tourists visiting South Korea in May was 1.42 million, an increa...
Jun 28, 2024 (Gmt+09:00)
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Economy
S.Korea’s consumer goods exports to top $100 bn in 2024: KOTRA
South Korea is projected to reap more than $100 billion from selling the country’s consumer goods overseas this year. Exports of such products...
Jun 28, 2024 (Gmt+09:00)
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Insurance
Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...
Jun 26, 2024 (Gmt+09:00)
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Markets
Kolmar Holdings to cancel $14.4 mn worth of its shares
South Korea's Kolmar Holdings Co. , Kolmar Group's holding company, announced on Wednesday that it will implement a value-up program to enhance corp...
Jun 26, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI inks $1.4 bn supersonic fighter jet mass production deal
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...
Jun 25, 2024 (Gmt+09:00)
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Corporate bonds
EV battery maker LG Energy eyes $2 bn global bond sale
LG Energy Solution Ltd., the world’s third-largest electric vehicle battery maker, is poised to raise $2 billion in global bonds by the end of...
Jun 25, 2024 (Gmt+09:00)
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Electronics
LG Innotek eyes $1.4 bn in automotive sensor sales by 2030
LG Innotek Co., South Korea’s leading mobile camera module maker, is upping the ante to lead the automotive sensing market with high-performan...
Jun 24, 2024 (Gmt+09:00)
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Insurance
K-Sure to support Korean firms' participation in Vietnam's gas project
Korea Trade Insurance Corp. (K-Sure) announced that it will leverage medium- and long-term financial support to assist domestic companies in partici...
Jun 21, 2024 (Gmt+09:00)
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Private equity
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Jun 20, 2024 (Gmt+09:00)
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Corporate restructuring
SK asks KDB for further funding before drastic restructuring
SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...
Jun 20, 2024 (Gmt+09:00)
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Infrastructure
Macquarie eyes its 1st Korean data center valued around $722 mn
Macquarie Group’s South Korean infrastructure investment arm is set to buy its first domestic data center, valued at up to 1 trillion won ($72...
Jun 20, 2024 (Gmt+09:00)
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Electric vehicles
LG Elec, ChargePoint to collaborate for EV charging
LG Electronics Inc. announced on Wednesday that it had recently signed a business agreement with the No. 1 electric vehicle (EV) charging operator (...
Jun 19, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s SK Telecom, Moloco join hands for AI ad platform
SK Telecom Co., South Korea’s top mobile carrier, has teamed up with Moloco Inc., a Silicon Valley-based ad-tech solution startup, for the glo...
Jun 17, 2024 (Gmt+09:00)
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Banking & Finance
S.Korea’s Woori to team up with US Nuveen to enhance IB part
Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of u...
Jun 17, 2024 (Gmt+09:00)
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Energy
SK Energy to cut emissions with combined heat power system
SK Energy Co., a unit of South Korean oil refiner and battery maker SK Innovation Co., has begun operation of its gas combined heat power (CHP) syst...
Jun 13, 2024 (Gmt+09:00)
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Korean startups
Asia's largest startup fair NextRise 2024 held in Seoul
The Korea International Trade Association and Korea Development Bank announced on Thursday that the Asia's largest startup fair "NextRise 2024 Seoul...
Jun 13, 2024 (Gmt+09:00)
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Electric vehicles
SK, Geely join forces for EV battery, component production
SK Inc., the holding company of South Korea’s No. 2 conglomerate SK Group, will join forces with Chinese auto giant Zhejiang Geely Holding Gro...
Jun 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million
Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, will buy back its forme...
Jun 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Rebellions-Sapeon Korea merger to challenge Nvidia’s AI chip dominance
Rebellions Inc., a South Korean artificial intelligence chip design startup, is merging with its crosstown rival Sapeon Korea Inc., an AI chip firm ...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int'l breaks ground on traction motor core plant in Poland
South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole Voivodeship, Poland...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Transys to export EV drive systems to CEER
Hyundai Transys Inc., an auto parts affiliate of Hyundai Motor Group, announced on Wednesday that it signed a contract to supply a 3 trillion won ($...
Jun 12, 2024 (Gmt+09:00)
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Markets
Korean retail investors’ US stockholdings at record high
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...
Jun 10, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics eyes windfall gain amid US-China row
SAN DIEGO – Samsung Biologics Co. is enjoying a stream of contract development and manufacturing order inquiries from big pharmaceutical compa...
Jun 07, 2024 (Gmt+09:00)