comprehensive energy company
Scope
Date
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Chemical Industry
Kolon expands hydrocarbon resins production, becomes global No.2 maker
South Korea’s chemicals and industrial materials maker Kolon Industries Inc. have added another 15,000 tons of annual capacity in its hydrocar...
Jun 21, 2021 (Gmt+09:00)
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Pharmaceuticals
SK Group mulls investing $100 mn in Vietnam's Pharmacity
SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...
Jun 21, 2021 (Gmt+09:00)
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ESG
Korea’s coal power companies squeezed for financing amid ESG fever
South Korea’s coal power companies are facing tighter scrutiny for debt financing as they are increasingly shunned by financial investors amid...
Jun 18, 2021 (Gmt+09:00)
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ESG
GS Caltex marks Korea’s first company to buy carbon-neutral crude oil
GS Group has become South Korea’s first business group to purchase carbon-neutral crude oil, in a move to strengthen its ESG efforts.South Kor...
Jun 17, 2021 (Gmt+09:00)
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Batteries
LG Energy supplies batteries to world’s largest Vistra ESS project
South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...
Jun 17, 2021 (Gmt+09:00)
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Energy
GS Energy to create renewable JV with Spain’s Iberdrola
South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...
Jun 16, 2021 (Gmt+09:00)
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COVID-19
CureVac may pick Korea as Asian base for COVID vaccine production
German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Korean...
Jun 16, 2021 (Gmt+09:00)
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Markets
Kakao becomes 3rd most valuable company in Korea
Kakao Corp. is now the third most valuable company in Korea, after Samsung Electronics Co. and SK Hynix Inc.Kakao’s market cap on June 15 surp...
Jun 15, 2021 (Gmt+09:00)
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IPOs
Hyundai Oilbank revives IPO push, expands blue hydrogen business
South Korean refiner Hyundai Oilbank Co. is seeking to list its shares on the local bourse next year, according to its parent Hyundai Heavy Industri...
Jun 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SBW emerges as sole bidder for Eastar Jet acquisition
Korea’s fashion company Ssangbangwool Inc. (SBW) was the only participant in the Eastar Jet Co. sellout bidding held at the Seoul Bankruptcy C...
Jun 14, 2021 (Gmt+09:00)
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Automobiles
Tennessee mayors oppose ITC’s anti-dumping duties on Hankook Tire
Politicians in the US state of Tennessee are urging the International Trade Commission (ITC) to avoid hurting the operations of Hankook Tire & T...
Jun 14, 2021 (Gmt+09:00)
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Branding
LG unveils fresh-faced logo designs to firm up brand storytelling
South Korea-based electronics giant LG has revealed new designs of its logo, "Face of the Future," in a move to upgrade its brand storytelling. On J...
Jun 11, 2021 (Gmt+09:00)
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Korean startups
Delivery service provider Barogo wraps up $72 mn Series C round
Logistics IT platform service Barogo has successfully wrapped up an 80 billion won ($72 million) Series C round, far above the company's initial tar...
Jun 10, 2021 (Gmt+09:00)
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IPOs
AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager
South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...
Jun 09, 2021 (Gmt+09:00)
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IPOs
Record-setting IPO boom may spell scanty profits
South Korean stock markets are on course to set a new record in the IPO volume with new issues estimated to exceed 30 trillion won ($27 billion) for...
Jun 09, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution applies for IPO seen to raise over $9 bn
LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...
Jun 08, 2021 (Gmt+09:00)
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Batteries
LG Energy, POSCO invest $15 mn in Aussie battery material supplier
South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...
Jun 08, 2021 (Gmt+09:00)
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The Deep Dive
Misandry controversy rattles Korean retailers; CEO of No.1 fashion app steps down
Gender-discrimination controversies are rattling South Korean retailers, with two companies recently accused of misandry in publicity campaigns. In...
Jun 04, 2021 (Gmt+09:00)
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Enterprise value
Kakao just behind rival Naver in market cap, may overtake soon
South Korean mobile platform giant Kakao Corp.’s enterprise value is rising backed by its strong business performance, threatening to overtake...
Jun 03, 2021 (Gmt+09:00)
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Carbon neutrality
Korea’s OCI to return to highest profit in decade on rising polysilicon prices
OCI Co., a South Korean chemical and green energy company, has been in the red for years, weighed by weak prices of its mainstay product polysilicon...
May 30, 2021 (Gmt+09:00)
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Korean food
Hahn & Co. acquires controlling stake in Namyang Dairy Products
South Korea’s private equity (PE) firm Hahn & Co. has acquired a controlling 53% stake in Namyang Dairy Products, acquiring all shares own...
May 27, 2021 (Gmt+09:00)
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Entertainment
HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2
HYBE Co., the music and entertainment agency behind BTS, on Jun 1-2 will open the subscription for its rights issue shares worth 445.5 billion won (...
May 26, 2021 (Gmt+09:00)
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Airlines
Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...
May 25, 2021 (Gmt+09:00)
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Tech, Media & Telecom
KT stock value likely to double by 2022, analysts say
South Korea’s telecom and content giant KT Corp. is receiving renewed interest this year among stock market investors and financial analysts, ...
May 21, 2021 (Gmt+09:00)
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Energy
Korean oil companies to bask in rising refining margins, growing demand
Oil refiners in South Korea and across Asia have been among those hit hardest by the subdued demand amid the global pandemic. With increasing vaccin...
May 07, 2021 (Gmt+09:00)
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Industrial clean rooms
Wonbang Tech: S.Korea’s leading chip clean room company
The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...
Apr 26, 2021 (Gmt+09:00)
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Asset management
KOTAM raises $185 mn for BlackRock's new energy fund
Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...
Apr 22, 2021 (Gmt+09:00)
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Batteries
Posco Chemical to supply EV battery materials to GM-LG Energy JV
Posco Chemical Co., the secondary battery materials unit of POSCO, will supply anodes, a key material used in electric car batteries, to the joint v...
Apr 05, 2021 (Gmt+09:00)
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Batteries
ITC rules in favor of SK Innovation over LG Energy in US battery patent suit
The International Trade Commission (ITC) has ruled in favor of SK Innovation Co. in a US battery patent suit filed by LG Energy Solution Ltd., which...
Apr 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
IMM PE exits S.Korea's No.2 electric wire manufacturer
Seoul-based IMM Private Equity has fully exited its 300 billion won ($265 million) investment in the country's No. 2 electric wire manufacturer by s...
Mar 29, 2021 (Gmt+09:00)
Latest News
- 1 HD Hyundai to produce key ship electrification part LV VFD in-house
- 2 Growing dollar-backed stablecoin trades may destabilize Korean economy
- 3 Hyundai Motor Group, D.Camp to host startup demo day
- 4 Hyundai Movex to lead S. Korea’s unmanned robot project
- 5 CJ Logistics transports KAI’s T-50TH to Thailand