hanmi jvm vizen ex us sell
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Automobiles
Mojave Proving Ground: Backbone of Hyundai, Kia’s success in US
CALIFORNIA CITY, Calif. – The Mojave Desert, known by locals as the "high desert," lies some 170 km northeast of Los Angeles, California. In t...
Jan 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Chem’s sale of Pakistani PTA unit falls through
Lotte Chemical Corp.'s plan to sell off its Pakistani PTA subsidiary to local chemicals producer Lucky Core Industries Ltd. has collapsed, a year af...
Jan 15, 2024 (Gmt+09:00)
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Pension funds
NPS bets on Samsung Electro-Mechanics, sells POSCO stocks in Q4
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, saw the amount of listed local shares it owns rise...
Jan 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
OCI-Hanmi merger to create Korea’s Bayer: OCI Chairman
Merging into one team, OCI Group and Hanmi Pharmaceutical Group will leap forward to be a global novel drug manufacturing and biotechnology innova...
Jan 15, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia offer up to $7,500 discounts for EVs in US
Hyundai Motor Group., the No. 2 electric vehicle brand in the US, is offering discounts of up to $7,500 for their EVs in the country — the max...
Jan 14, 2024 (Gmt+09:00)
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Batteries
LG Elec opens its first overseas EV charger plant in Texas
South Korea’s LG Electronics Inc. has opened its first overseas EV charger factory in Fort Worth, Texas. The move comes as the global home app...
Jan 14, 2024 (Gmt+09:00)
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Samsung Group
Samsung heirs tap $2.1 bn block sale for inheritance taxes
The heirs of late Samsung Group Chairman Lee Kun-hee are seeking to sell their shares in Samsung Electronics Co. and other Samsung affiliates worth ...
Jan 10, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion applies for interchangeability of Yuflyma in US
South Korea's Celltrion Inc. announced on Wednesday that it has applied to the US Food and Drug Administration (FDA) for a modified approval to repl...
Jan 10, 2024 (Gmt+09:00)
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Bio & Pharma
Korea's JLK targets AI-based stroke care market in US
South Korea’s JLK Inc., an AI-based stroke care platform maker, will go all out to build its foothold in the US this year, aiming to lift its ...
Jan 10, 2024 (Gmt+09:00)
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Bio & Pharma
Kobiolabs gets US patent for oral obesity drug candidate
Kobiolabs Co., a South Korean microbiome-based new drug development company, announced on Wednesday that it has a patent for Roseburia intestinalis ...
Jan 10, 2024 (Gmt+09:00)
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Food & Beverage
Daesang launches kimchi paste, spread for US, Europe
South Korea's Daesang Corp. announced on Wednesday that it has launched two new global products, "Do-it-yourself Kimchi Paste" and "Kimchi Spread."T...
Jan 10, 2024 (Gmt+09:00)
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Earnings
Disappointing LG Energy earnings dim outlook amid weak EVs
LG Energy Solution Ltd., the world’s second-largest battery maker, disappointed investors with quarterly earnings on the sluggish global elect...
Jan 09, 2024 (Gmt+09:00)
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Energy
Qcells, Microsoft strike 12GW solar panel deal
Hanwha Q Cells Co., a solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group also known as Qcells in overseas market...
Jan 09, 2024 (Gmt+09:00)
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Construction & Planning
US tops Korea’s overseas construction orders in 2023
South Korea bagged more than $30 billion in overseas construction orders last year for the fourth consecutive year, mainly driven by a rise in order...
Jan 08, 2024 (Gmt+09:00)
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Bio & Pharma
LG Chem out-licenses obesity drug candidate to US firm
LG Chem Ltd. has agreed to license out a rare genetic obesity drug candidate in phase 2 clinical trials to Rhythm Pharmaceuticals Inc., a US biotech...
Jan 05, 2024 (Gmt+09:00)
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Automobiles
BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea
BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...
Jan 05, 2024 (Gmt+09:00)
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Short selling
Korea’s top regulator detects more foreigners’ naked shorting
South Korea’s top financial regulator is detecting more circumstances of naked short-selling worth tens of millions of dollars by foreign inve...
Jan 04, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US
South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...
Jan 04, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG to inject $700 million in startups in West Virginia
CHARLESTON, WV – LG Electronics Inc. will form a fund with the State of West Virginia to inject $700 million over the next five years to foste...
Jan 04, 2024 (Gmt+09:00)
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Korean games
Nexon fined over MapleStory in-game item selling
South Korea’s online game developer Nexon Korea Corp. was fined 11.6 billion won ($8.9 million) for allegedly misleading its customers over in...
Jan 03, 2024 (Gmt+09:00)
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Electronics
LG OLED TV named Best TV in US
LG Electronics Inc. 's organic light emitting diode (OLED) evo 65G3 was named as Best TVs Overall in the Consumer Reports' Best TVs of 2024, accordi...
Jan 03, 2024 (Gmt+09:00)
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Bio & Pharma
Medytox establishes US subsidiary Luvantas
South Korean pharmaceutical company Medytox Inc. announced on Wednesday that its establishment of the US subsidiary Luvantas.The goal is the global ...
Jan 03, 2024 (Gmt+09:00)
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Bio & Pharma
CGBio gets FDA approval for Novosis Putty
South Korea's bio-regenerative medical firm CGBio announced on Tuesday that its Novosis Putty has been designated as a breakthrough device by the US...
Jan 02, 2024 (Gmt+09:00)
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Energy
KEPCO sells 15% stake in KEPCO E&C for $269 million
Korea Electric Power Corp. (KEPCO), South Korea’s state-owned utility company grappling with mounting losses, has secured additional funds of ...
Jan 02, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins $1.5 bn order for FLNG
South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...
Jan 02, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Celltrion to sell portfolio of Takeda drugs to CBC Group
South Korea’s Celltrion Inc. will divest of a portfolio of Takeda Pharmaceutical's prescription medicines sold in Asia to CBC Group, a Singapo...
Jan 01, 2024 (Gmt+09:00)
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Korean games
Korea to sell $3.6 bn stake in NXC via private offering
The South Korean government is seeking to sell a 4.71 trillion won ($3.6 billion) stake in gaming giant NXC Corp. via private placement as the autho...
Dec 29, 2023 (Gmt+09:00)
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Electric vehicles
LG gets UL certification for EV charger
LG Electronics Inc. said on Friday that its electric vehicle (EV) charger has received certification from Underwriters Laboratories (UL), the US-b...
Dec 29, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis' auto parts sweep safety, technology awards
South Korean auto parts maker Hyundai Mobis Co. said Thursday that 10 of its new technologies received or or are finalists for awards from external ...
Dec 28, 2023 (Gmt+09:00)
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Corporate restructuring
Taeyoung files for debt workout; offers to sell stake in KKR JV
South Korea’s Taeyoung Group, saddled with 5.6 trillion won ($4.4 billion) in debt and loans it has guaranteed, filed for a debt workout progr...
Dec 28, 2023 (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