engineering procurement and construction
Scope
Date
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Venture capital
AmazeVR receives $15 mn from Korean VCs
AmazeVR Inc. received a total of $15 million from leading South Korean venture capital firms. The virtual reality platform allows users to experie...
Jan 12, 2022 (Gmt+09:00)
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Alternative investments
Hyundai E&C to inject $343 mn in Hilton Seoul redevelopment
Hyundai Engineering & Construction Co. (Hyundai E&C), a construction giant under Hyundai Motor Company, will invest 409.9 billion wo...
Jan 11, 2022 (Gmt+09:00)
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Steel
POSCO breaks ground on China automotive steel plant with HBIS
China’s HBIS Group Co., the world’s third-largest steelmaker, and South Korea’s POSCO Co., the No. 6 player, broke ground on an au...
Jan 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s heir apparent to unveil future vision at CES 2022
Hyundai Heavy Industries Group’s heir apparent will introduce the future vision of the world’s largest shipbuilder at an upcoming US tra...
Dec 30, 2021 (Gmt+09:00)
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Batteries
China’s tighter grip on supply chain hurts Korean battery makers
While the recent urea crisis laid bare South Korea’s heavy dependence on China for the basic raw material, concerns are growing that the count...
Dec 27, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor closes engine development division
Hyundai Motor Group, South Korea’s top automaker, will stop developing new internal combustion engines in order to accelerate its transformati...
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)
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Construction
GS E&C secures €70 mn green loan from BNP Paribas for warehouses
South Korea’s construction conglomerate GS Engineering & Construction (GS E&C) said on Dec. 16 it has become the first Korean constr...
Dec 17, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai E&C teams up with US Holtec on SMR business
South Korea’s builder Hyundai Engineering & Construction Co. (Hyundai E&C). is set to join the small modular reactor (SMR) business in...
Nov 25, 2021 (Gmt+09:00)
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Batteries
Korea’s SKC to build $761 mn copper foil plant in Poland
South Korea’s SKC Co. decided to build a copper foil factory for $761 million in Poland, its first European plant to produce the core electric...
Nov 18, 2021 (Gmt+09:00)
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Waste treatment
Hyundai Motor Group seeks to buy Korea waste treatment firm
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...
Nov 16, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy raises $1.1 bn in rights issue as planned
South Korea's Samsung Heavy Industries Co. last week raised 1.3 trillion won ($1.1 billion) in a rights issue to existing shareholders as planned, a...
Nov 01, 2021 (Gmt+09:00)
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Tech, Media & Telecom
LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project
LCS Group Korea, a South Korean corporate set up by the Philippines' LCS Group of Companies, signed a joint venture establishment contract on Oct. 2...
Oct 26, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Shares in Woori Financial draw KT, builder and PEFs
South Korea's telecom giant KT Corp., mid-sized builder Hoban Construction Co. and about 10 private equity firms have submitted letters of intent to...
Oct 08, 2021 (Gmt+09:00)
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Alternative investments
Ardian wins $25 mn mandate from construction workers' fund
South Korea’s Construction Workers Mutual Aid Association (CWMA) will commit $25 million to Paris-based private equity firm Ardian for infrast...
Oct 01, 2021 (Gmt+09:00)
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IPOs
Hyundai Motor’s construction unit seeks listing in Q1 2022
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, started the process for an initial public offering (IPO) expected in the firs...
Oct 01, 2021 (Gmt+09:00)
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Electronics
Samsung to install 51,000 air purifiers to help Australians return to school
Samsung Electronics Co. will help the students in the Australian state of Victoria in making safe returns to the classroom in a post-COVID environme...
Sep 29, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to start hydrogen popularization in 2040
Hyundai Motor Group, the world’s fifth-largest automaker, declared to make 2040 the first year of hydrogen energy popularizationThe group was ...
Sep 22, 2021 (Gmt+09:00)
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IPOs
Hyundai Heavy IPO creates largest shipbuilder on Kospi
Hyundai Heavy Industries Co. successfully went public on Sept. 17 by closing at almost double its IPO price. The stock price closed at 111,500 won (...
Sep 17, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor vows carbon neutrality by 2045
South Korea’s top automaker Hyundai Motor Co. pledged to achieve carbon neutrality by 2045 as global automakers are going for broke to accompl...
Sep 07, 2021 (Gmt+09:00)
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M&As
SK Ecoplant to sell plant building business before IPO
SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is in advanced stages of talks with a consortium of South Korea-based IUM ...
Sep 06, 2021 (Gmt+09:00)
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Hydrogen economy
SK E&S eyes $30 billion corporate value as top hydrogen company
SK E&S Co., the natural gas business unit of SK Group, aims to turn into an eco-friendly company with an enterprise value of 35 trillion won ($3...
Sep 01, 2021 (Gmt+09:00)
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Aerospace & Defense
Hyundai Heavy, Babcock join forces for Korea’s first aircraft carrier
Hyundai Heavy Industries Co. teamed up with British engineering company Babcock International to develop South Korea’s first aircraft carrier....
Sep 01, 2021 (Gmt+09:00)
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Automobiles
Chinese, Korean carmakers penetrate Japanese-dominated Indonesia
Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...
Aug 30, 2021 (Gmt+09:00)
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Energy
Hyundai Engineering wins $256 mn order to revamp Thai IRPC refinery
South Korea’s construction company Hyundai Engineering Co. won a $256 million order from IRPC Pcl. to upgrade its refinery, allowing the Thai ...
Aug 26, 2021 (Gmt+09:00)
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Raw materials
Volatile raw material prices put Korea on alert for procurement
Volatile price changes in iron ore and non-ferrous metals such as lithium and nickel are keeping South Korean companies on their toes for procuremen...
Aug 25, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Bain Capital sells management rights of Hugel to GS-led group for $1.5 bn
A consortium led by South Korea’s energy-to-construction conglomerate GS Group has acquired the country’s top botox maker Hugel Inc. fro...
Aug 25, 2021 (Gmt+09:00)
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M&As
Mubadala joins GS-led group to buy Korean botox maker
Abu Dhabi’s sovereign investor Mubadala Investment Co. joined a consortium led by South Korean GS Group to acquire the country’s top bot...
Aug 11, 2021 (Gmt+09:00)
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Entertainment
K-pop evolves far beyond Korean nationality and language
South Korean music, entertainment and content firms are undergoing a major transformation in their business model. No longer is their discovery of n...
Aug 09, 2021 (Gmt+09:00)
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SK Hynix to set up US NAND firm led by Intel’s senior vice president
SK Hynix that took over Intel Corp.’s NAND memory chip business plans to set up a new company in the United States. Intel’s senior vice ...
Aug 06, 2021 (Gmt+09:00)
language
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