heaven’s bow
Scope
Date
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Batteries
Korea’s EV battery stocks surge on Europe sales, US vote
Shares of South Korea’s three leading electric vehicle battery makers surged Tuesday, on strong electric car sales in Europe and expectations th...
Nov 03, 2020 (Gmt+09:00)
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Strong KRW helps S. Korea hold above $30,000 per capita GNI
South Korea’s per capita income is expected to continue its downward streak for the second straight year in 2020 due to the coronavirus impact, ...
Nov 03, 2020 (Gmt+09:00)
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Automobiles
Hyundai’s ex-design chief Donckerwolke named chief creative officer
Hyundai Motor Co. has appointed former design chief Luc Donckerwolke as the automaking group’s chief creative officer, a new post created as par...
Nov 02, 2020 (Gmt+09:00)
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Automobiles
Hyundai’s five-year journey to build a luxury car brand
At Hyundai Motor Co.'s brand launch event held on Nov. 4, 2015, someone made an unexpected appearance on the stage, surprising the crowd. It was curre...
Nov 01, 2020 (Gmt+09:00)
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Wellington Management
[ASK2020] A Case for Hedge Funds in Today’s Adverse Markets
Tracing our history to 1928, Wellington Management is one of the world’s largest independent investment management firms. With over US$1.1...
Oct 30, 2020 (Gmt+09:00)
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NAND business
SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO
SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...
Oct 30, 2020 (Gmt+09:00)
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IFM Investors
[ASK2020] Introduction to Australia’s Private Debt Market
IFM Investors was established more than 25 years ago with the aim to protect and grow the retirement savings of pension fund members. IFM manage...
Oct 28, 2020 (Gmt+09:00)
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Shareholder value
LG Chem’s No. 2 shareholder NPS opposes battery spin-off
South Korea’s National Pension Service (NPS) has decided to vote against LG Chem Ltd.’s plan to split off its battery business at a shareh...
Oct 28, 2020 (Gmt+09:00)
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Infrastructure fund
KKR’s $3 bn Asia infra fund to raise $200 mn from Korea
South Korean pension funds and insurance companies will commit $200 million in aggregate to KKR’s first Asia infrastructure fund targeting to ra...
Oct 27, 2020 (Gmt+09:00)
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Obituary
Samsung chairman, who led tech giant’s leapfrog to global brand, dies, aged 78
Lee Kun-hee, chairman of the world’s top smartphone and TV manufacturer Samsung Group, passed away on Oct. 25 at the age of 78, the South Kore...
Oct 25, 2020 (Gmt+09:00)
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Earnings
LG Chem’s Q3 profit soars, battery earnings at record high
South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...
Oct 21, 2020 (Gmt+09:00)
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Business Expansion
Samsung’s Jay Y. Lee meets Vietnam's PM Phuc to discuss business ties
Samsung Electronics Co. Vice Chairman Jay Y. Lee met with Vietnam’s Prime Minister Nguyen Xuan Phuc on Oct. 20 to discuss ways to strengthen bus...
Oct 21, 2020 (Gmt+09:00)
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Roll-up TVs
LG Electronics launches world’s first roll-up TV
LG Electronics Inc. has unveiled the world’s first roll-up TV in the Korean market as the South Korean consumer electronics giant aims to enhanc...
Oct 20, 2020 (Gmt+09:00)
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Korean chipmakers
SK Hynix to buy Intel’s NAND business in $9 bn cash deal
SK Hynix Inc. has signed a 10.3 trillion won ($9 billion) all-cash deal to buy Intel Corp.’s NAND memory chip business that will propel the Sout...
Oct 20, 2020 (Gmt+09:00)
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Interview
US-China tensions push S. Korea to find middle way
The US and China trade disputes are unlikely to fade, whoever wins the Nov. 3 US presidential election, and South Korea needs to find a middle way bet...
Oct 19, 2020 (Gmt+09:00)
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Business expansion
Samsung’s Jay Y. Lee embarks on Vietnam trip, may meet PM Phuc
Samsung Electronics Co. Vice Chairman Jay Y. Lee is visiting Vietnam, where he is widely expected to meet Prime Minister Nguyen Xuan Phuc to seek more...
Oct 19, 2020 (Gmt+09:00)
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Chinese startups
SK, KTCU see gains from Chinese startup’s Nasdaq IPO
SK Group and the Korean Teachers’ Credit Union (KTCU) may walk away with handsome gains from their joint investment of 360 billion won ($314 mil...
Oct 16, 2020 (Gmt+09:00)
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Proxy adviser
Top proxy adviser ISS approves of LG Chem’s battery spin-off
LG Chem Ltd.’s plan to spin off its promising battery business has won support from the world’s top proxy adviser Institutional Shareholde...
Oct 16, 2020 (Gmt+09:00)
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Unemployment rate
COVID-19 pandemic slams Korea’s job market; elderly workers rise
Hit hard by the fallout of the coronavirus pandemic, South Korea lost about 392,000 jobs in September, with the number of employed slipping for the se...
Oct 16, 2020 (Gmt+09:00)
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Hydrogen economy
Hyundai’s hydrogen push gains steam under new leadership
Hyundai Motor Co. is taking the lead in the South Korean government drive to push the hydrogen economy as one of the country’s new growth engine...
Oct 15, 2020 (Gmt+09:00)
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ESG
Hyosung’s recycled yarn from PET bottles lures fashion brands
Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...
Oct 13, 2020 (Gmt+09:00)
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Roll-up TVs
LG Electronics to launch world’s first roll-up TV in October
LG Electronics Inc. plans to release the world’s first roll-up TV later this month as the South Korean consumer electronics giant aims to enhanc...
Oct 12, 2020 (Gmt+09:00)
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Foundry business
Samsung’s Lee hastens to Netherlands in intense rivalry with TSMC
On Oct. 8, the same day Samsung Electronics Co. surprised markets with forecast-beating quarterly earnings estimates, its Vice Chairman Jay Y. Lee fle...
Oct 11, 2020 (Gmt+09:00)
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Real estate debt
Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund
South Korean pension and savings funds, including the Yellow Umbrella Mutual Aid Fund and the Korea Scientists and Engineers Mutual-aid Association (S...
Oct 10, 2020 (Gmt+09:00)
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Hydrogen truck
Hyundai makes inroads into Europe’s hydrogen commercial vehicle market
Hyundai Motor Co. has delivered seven hydrogen-powered trucks to Switzerland in its foray into Europe’s eco-friendly commercial vehicle market, ...
Oct 08, 2020 (Gmt+09:00)
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IPOs
BTS members eye $21 mn windfall each from agency’s IPO
The seven members of the global boy band BTS may see their shares in Bit Hit Entertainment Co. rocket to as high as 24 billion won ($21 million) each ...
Oct 07, 2020 (Gmt+09:00)
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KEPCO set to finance $190 mn for Vietnam’s coal power plant project
Korea Electric Power Corp. (KEPCO) will move forward with its participation in Vietnam’s coal-fired power plant project, after the deal came c...
Oct 05, 2020 (Gmt+09:00)
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Batteries
China’s CATL poised to overtake LG Chem as top EV battery maker
Global competition for the world’s top spot for the manufacture of rechargeable batteries is getting fiercer as China is stepping up efforts to ...
Oct 05, 2020 (Gmt+09:00)
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IPOs
Korea’s biggest fried chicken brand aims to raise up to $61 mn in Nov. IPO
Kyochon F&B, South Korea’s No. 1 fried chicken franchise operator, plans to raise up to 71.3 billion won ($61 million) in an initial public ...
Oct 05, 2020 (Gmt+09:00)
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League table
Credit Suisse lead-manages Doosan Group’s restructuring deals
Credit Suisse handled three restructuring deals worth a combined 1.2 trillion won ($1 billion) for South Korea’s Doosan Group and 1.5 trillion w...
Oct 05, 2020 (Gmt+09:00)