corporate social responsibility project
Scope
Date
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Batteries
POSCO to invest $4 bn in Argentina battery materials project
South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...
Mar 22, 2022 (Gmt+09:00)
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Korean games
NCSoft releases trailers of two upcoming games
South Korea’s gaming behemoth NCSoft Corp. released trailers for two new titles named Throne and Liberty and Project E on Thursday. The c...
Mar 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Millennial woman takes reins as Naver CEO
South Korea's dominant online platform Naver Corp. on Monday entered a new chapter in its 22-year history under a new millennial leader, whose prior...
Mar 14, 2022 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy targets $2.5 bn Saudi escort ships deal
South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...
Mar 11, 2022 (Gmt+09:00)
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Steel
POSCO, Hancock to restart multi-billion-dollar Hardey iron ore project
South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant ir...
Mar 10, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Mar 02, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Skincare giant Cosmax adds pet care line
South Korea’s beauty products manufacturer Cosmax Inc. has entered the rapidly growing pet products market.The company specializes in receiv...
Feb 24, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Cosmetics stocks buoyed by ‘With Corona’ expectations
Shares of cosmetics and skincare companies in South Korea have surged recently on expectations of easing pandemic-related restrictions. A few...
Feb 17, 2022 (Gmt+09:00)
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Corporate bonds
Korea corporate borrowing costs jump to 8-year peaks
South Korean companies suffered from surging financing costs as corporate bond yields shot to eight-year highs. Affiliates of major conglomerates wi...
Feb 10, 2022 (Gmt+09:00)
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Petrochemicals
Samsung Eng. enters Russia with €1 bn petchem plant deal
South Korea’s Samsung Engineering made inroads into Russia’s plant engineering and construction market with a 1 billion euro ($1.1 billi...
Feb 09, 2022 (Gmt+09:00)
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Alternative investments
Daewoo consortium to develop building complex in Hanoi new town
Daewoo Engineering & Construction Co. has said it signed a contract on Jan. 26. to develop the H1HH1 block in Starlake, a new urban town in no...
Jan 28, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO wins shareholder support to launch holding firm
South Korea's POSCO Co. will transform into a holding company structure on Mar. 2, after its plan to split itself into a holding firm and a steelmak...
Jan 28, 2022 (Gmt+09:00)
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Earnings
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
Jan 27, 2022 (Gmt+09:00)
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Hydrogen economy
Samsung, Lotte, POSCO to build hydrogen plant in Malaysia
Samsung Engineering Co., Lotte Chemical Corp., and POSCO signed a memorandum of understanding (MoU) with Sarawak Economic Development Corporation (S...
Jan 26, 2022 (Gmt+09:00)
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IPOs
Hyundai Engineering CEO: To spend $1.3 bn on green projects with IPO
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, plans to spend as much as 1.5 trill...
Jan 26, 2022 (Gmt+09:00)
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Economy
S. Korean economy grows 4% in 2021
. South Korea's economy is estimated to have grown 4 percent last year, the highest growth rate in 11 years, as consumption and exports bounced back...
Jan 25, 2022 (Gmt+09:00)
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Corporate bonds
Corporates raise record-high $193 bn via stakes, bonds in 2021
Korean companies raised capital of 231.5 trillion won ($193.2 billion) through stock and bond issuance in the domestic market in 2021, according t...
Jan 25, 2022 (Gmt+09:00)
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Hydrogen economy
Hyosung goes greener with $836 million green hydrogen project
Hyosung Group is stepping up efforts to turn into an eco-friendly business, announcing huge investment plans on hydrogen and renewable energy projec...
Jan 24, 2022 (Gmt+09:00)
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Alternative investments
IGIS, Shinhan post 70% return a year from Amazon warehouse sale
A Korean consortium led by IGIS Asset Management Co. and Shinhan Global Investment Banking (GIB) has signed a contract with a US asset manager to se...
Jan 24, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Megazone Cloud to attract up to $336 mn for 2023 IPO
Megazone Cloud Corp., a leading cloud service provider and the first Korean business partner of Amazon Web Service (AWS), plans to attract 300 billi...
Jan 20, 2022 (Gmt+09:00)
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Fraud scandals
Kakao names new CEO to salvage reputation hurt by stock options scandal
Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, on Thursday announced a new chief executive nominee as the company ...
Jan 20, 2022 (Gmt+09:00)
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Joint ventures
Doosan to build Saudi Arabia's largest steel casting plant
Doosan Heavy Industries and Construction Co., South Korea's power plant components supplier, signed a preliminary agreement on Wednesday to build Sa...
Jan 20, 2022 (Gmt+09:00)
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Corporate restructuring
Hyundai Engineering’s new business keywords: Hydrogen, mini reactors
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, is reorganizing its business struct...
Jan 18, 2022 (Gmt+09:00)
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Alternative investments
Korean investors inject $1.2 bn in Australian PPP
Korean investors have injected around A$1.7 billion ($1.2 billion) with a 32-year maturity through senior loans for A$11.1 billion ($8 billion) in t...
Jan 12, 2022 (Gmt+09:00)
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Venture capital
GS launches corporate VC firm
GS announced the establishment of a corporate venture capital (CVC) firm Sunday, the first of its kind for a holding company in Korea. The announcem...
Jan 09, 2022 (Gmt+09:00)
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Petrochemicals
Lotte agrees with Indonesia to resume $3.9 bn petchem project
South Korea’s Lotte Group agreed with the Indonesian government to resume a $3.9 billion petrochemical project in the Southeast Asian country,...
Jan 07, 2022 (Gmt+09:00)
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Construction & Planning
Korea to join Egypt’s 1st nuclear power plant project
South Korea is set to participate in Egypt’s first nuclear power plant project built by Russia as a state-run Korea Hydro & Nuclear Power ...
Jan 03, 2022 (Gmt+09:00)
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Markets
Foreigners’ Korean stockholdings soar 180-fold in 30 years
Foreign investors ramped up their holdings of South Korean stocks 180 times in 30 years, increasing influence in the local financial markets and dom...
Dec 31, 2021 (Gmt+09:00)
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Carbon neutrality
KEPCO to develop subsea transmission for ADNOC
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) awarded a $3.6 billion contract to a consortium led by Kore...
Dec 23, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Engineering to make hydrogen from plastic waste
Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...
Dec 22, 2021 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer