hyosung capital impairment
Scope
Date
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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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Automobiles
Carmaker stocks hit speed bump of chip shortage, Delta variant
Shares in global carmakers such as Hyundai Motor Co. and Toyota Motor Corp. are tumbling. The automotive chip shortage is expected to deteriorate fu...
Aug 20, 2021 (Gmt+09:00)
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Korean chipmakers
Korean chipmakers tumble, wipe out $13 billion in market capitalization
Shares of South Korea’s two largest chipmakers – Samsung Electronics Co. and SK Hynix Inc. – are slumping on a bearish industry ou...
Aug 12, 2021 (Gmt+09:00)
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Investment banking
Mirae Asset step closer to full-fledged investment bank
Mirae Asset Securities Co. has become South Korea's first brokerage company to boost its equity capital to 10 trillion won ($9 billion), taking a st...
Aug 05, 2021 (Gmt+09:00)
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Earnings
Hyosung Group still going strong with stellar Q2 earnings
South Korea’s textile and chemicals conglomerate Hyosung Group has again reported stellar business results for the second quarter, continuing ...
Jul 30, 2021 (Gmt+09:00)
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Economy
China, S.Korea top BofA's emerging markets list
South Korea was picked as one of the two most attractive emerging markets along with China thanks to the country's fast digitization and low vulnera...
Jul 23, 2021 (Gmt+09:00)
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Electric vehicles
Global EV race kicks off with key players investing $168 bn
The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...
Jul 11, 2021 (Gmt+09:00)
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Airlines
Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn
Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...
Jul 08, 2021 (Gmt+09:00)
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Automobiles
Carlyle, Bain Capital, Valeo, Mahle enter prelim bids for Hanon Systems
The preliminary bidding to acquire South Korea’s auto parts supplier Hanon Systems Corp. has drawn overseas-based bidders only, with the stron...
Jun 22, 2021 (Gmt+09:00)
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Hydrogen economy
Hyosung, Linde kick off building world’s largest liquid hydrogen plant
Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...
Jun 21, 2021 (Gmt+09:00)
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Fiber & Textile
Kolon Industries to lead Kolon Group's remarkable comeback in 2021
Kolon Group is making a remarkable comeback this year to challenge its longtime rival Hyosung Group in future-growth segments including hydrogen. Ac...
Jun 18, 2021 (Gmt+09:00)
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Private equity
Harrison Street taps Korean LPs for $1.5 bn life science property fund
The Korean Teachers' Credit Union has committed $100 million to Harrison Street Real Estate Capital's new flagship fund that is aiming to raise $1.5...
Jun 17, 2021 (Gmt+09:00)
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Private equity
Bain Capital to gain $90 mn from exit of Schwan's deal
Bain Capital is set to pocket about 100 billion won ($90 million) in profits in two years from its equity financing of the South Korean CJ Group's $...
Jun 17, 2021 (Gmt+09:00)
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ASK 2021 Interview
Secondary PE deals headed for record year: Pomona Capital
Secondary private equity deals have been the fastest-growing segment of the private equity market for several years and this year, they could exceed...
Jun 16, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council
Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...
Jun 10, 2021 (Gmt+09:00)
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Artificial intelligence
NPS gains timberland, Europe tech exposure in Q1
The National Pension Service has gained exposure to timberland and the European mid-market tech sector in the first quarter of this year, adding two...
Jun 07, 2021 (Gmt+09:00)
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ASK 2021 Interview
Goldman Sachs zeros in on midmarket, ESG infrastructure deals
Goldman Sachs Asset Management focuses on middle-market, value-add strategy for infrastructure deals, targeting the sectors undergoing a digital tra...
Jun 03, 2021 (Gmt+09:00)
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Artificial intelligence
Madison Capital Funding raises $460 mn from Korea
A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitments from seven So...
Jun 03, 2021 (Gmt+09:00)
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Artificial intelligence
NPS, KIC commit $600 mn to N.America logistics fund
The National Pension Service (NPS) and the Korea Investment Corporation (KIC) have committed $600 million in aggregate to GLP Capital Partners' Nort...
May 28, 2021 (Gmt+09:00)
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ASK 2021
[ASK 2021] Sculptor Capital: Non-Traditional Real Estate
Sculptor Capital Management is a leading alternative asset manager with capabilities across multi-strategy, credit and real estate. Sculptor has...
May 21, 2021 (Gmt+09:00)
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ASK 2021 Interview
Sculptor Capital bets on non-traditional real estate
Non-traditional real estate assets such as cell towers, parking lots and marinas will likely provide significant investment opportunities to debt in...
May 20, 2021 (Gmt+09:00)
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Earnings
Hyosung units post record Q1 earnings, justifying high valuation
The major subsidiaries of South Korea’s textile and chemicals conglomerate Hyosung Group have delivered positive earnings surprises for the fi...
May 03, 2021 (Gmt+09:00)
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Hyosung Group
Hyosung Group’s year-to-date valuation almost doubles
Hyosung Group, founded in 1966, is a textile and chemicals conglomerate that currently stands as the 26th-largest business group in South Korea. Unt...
Apr 22, 2021 (Gmt+09:00)
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Energy
Hyosung inks first large-scale ESS deal in Europe
Hyosung Heavy Industries, the construction and infrastructure arm of South Korea’s textile and chemicals conglomerate Hyosung, on Mar. 17 said...
Mar 17, 2021 (Gmt+09:00)
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Automobiles
Hyosung to equip airbags on Amazon’s self-driving cars
Hyosung Advanced Materials will equip Amazon’s fully autonomous vehicles with its next generation one piece woven (OPW) airbags. The company s...
Mar 17, 2021 (Gmt+09:00)
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Energy
Hyosung TNC’s Love Seoul made of recycled PET bottles
Hyosung TNC Corp., a South Korean textile and yarn maker, has unveiled garments made of eco-friendly polyester yarn extracted from recycled PET bott...
Mar 10, 2021 (Gmt+09:00)
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Private equity
Bain Capital to invest $360 mn in Korea’s top ERP developer
Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software d...
Mar 02, 2021 (Gmt+09:00)
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Beauty & Cosmetics
Hyosung TNC: Shifting from yarn maker to eco-fashion trendsetter
Hyosung TNC Corp., known for decades as a nylon and fiber yarn maker, has launched a clothing brand unveiling garments made of recycled polyester ...
Feb 09, 2021 (Gmt+09:00)
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Hydrogen economy
Hyosung, Linde to create world's largest liquid hydrogen plant
South Korea-based Hyosung Heavy Industries Corp. and global industrial gas supplier Linde plc. have agreed to establish the world's largest liquid h...
Feb 05, 2021 (Gmt+09:00)
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Future mobility
IMM PE, Affirma Capital shortlisted for T Map Mobility's $275 mn fundraising
Competition is heating up among domestic and foreign private equity firms hoping to invest in T Map Mobility Co., a mobility spin-off of South Korea...
Jan 08, 2021 (Gmt+09:00)
Latest News
- 1 BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea
- 2 Korea’s top cinema chains seek merger to counter box office slump
- 3 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 4 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 5 LG Electronics breaks ground on $600 million home appliance plant in India