hyundai elevator kakao
Scope
Date
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Mergers & Acquisitions
HYBE to buy 2 labels in the Americas after dropping SM bid
HYBE Co., the company behind global sensation BTS, plans to acquire at least two prominent labels in the Americas this year as it aims to become a m...
Mar 15, 2023 (Gmt+09:00)
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Steel
Hyundai, other Korean steelmakers slim down Chinese units
Hyundai Steel Co. has decided to sell its Beijing arm, worth 400 billion won ($310 million) in asset value, hit by declining sales of its affiliates...
Mar 15, 2023 (Gmt+09:00)
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Robotics
Hyundai Elevator to compete in Indonesian smart city projects
Hyundai Elevator Co. said on Wednesday that it will join a South Korean government-led team to bid for smart city projects in Indonesia, where the c...
Mar 15, 2023 (Gmt+09:00)
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Rights offerings
Hyundai Asan to sell $30.7 million worth of shares for capital restructuring
Hyundai Asan Co. under South Korean conglomerate Hyundai Group will raise 40 billion won ($30.7 million) in its seventh share sale since it was forc...
Mar 15, 2023 (Gmt+09:00)
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Retail
S.Korea's mattress maker Zinus posts record domestic sales in 2022
Zinus Inc., the mattress-making affiliate of South Korea's Hyundai Department Store Group, on Monday reported record-high domestic sales last year o...
Mar 14, 2023 (Gmt+09:00)
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Fintech
Apple Pay to launch in South Korea on March 21
Apple's mobile payment service, Apple Pay, is set to launch domestically in South Korea on March 21, according to industry sources on Monday.With th...
Mar 14, 2023 (Gmt+09:00)
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Automobiles
Hyundai to boost India presence via takeover of GM plant
Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...
Mar 13, 2023 (Gmt+09:00)
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Korean stock market
Kakao, HYBE shares rally on reconciliation but SM shares tank
Investors welcomed the end of a fierce month-long battle between HYBE Co. and Kakao Corp. over control of South Korea’s K-pop pioneer SM Enter...
Mar 13, 2023 (Gmt+09:00)
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Construction
Hyundai L&C targets China’s interior materials market
Hyundai L&C, a South Korean building materials company under the Hyundai Department Store Group, said on Sunday that it has entered the Chinese ...
Mar 13, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Timeline of HYBE's failed bid for SM vs Kakao
(All dates in 2023) -- Jan. 15: Align Partners Capital Management filed proxy litigation against SM Entertainment Co. Founder Lee Soo-man and seven...
Mar 12, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE withdraws bid for SM in $1 bn battle with Kakao
South Korea's HYBE Co., the company behind the global sensation BTS, said on Sunday it has decided to pull out of the face-off with Kakao Corp. for ...
Mar 12, 2023 (Gmt+09:00)
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Petrochemicals
Hyundai E&C consortium breaks ground on $7 bn S-Oil Shaheen project
A South Korean consortium led by Hyundai Engineering & Construction Co. has embarked on building 9.26 trillion won ($7 billion) petrochemical fa...
Mar 10, 2023 (Gmt+09:00)
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Machinery
HD Hyundai units to showcase unmanned equipment at US expo
Hyundai Construction Equipment Co. and Hyundai Doosan Infracore Co., construction machinery subsidiaries of HD Hyundai Co., said on Friday they woul...
Mar 10, 2023 (Gmt+09:00)
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Companies
HD Hyundai opens free in-house daycare center for up to 300 children
HD Hyundai Co., the owner of South Korea’s biggest shipbuilding group, opened an in-house daycare center at its new headquarters building in K...
Mar 09, 2023 (Gmt+09:00)
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Korean startups
Hyundai Motor spins off 4 in-house startups in mobility, AI, data
Hyundai Motor Group has spun off four new in-house startups, including MOBINN with autonomous driving technology and APLAYS with AI-powered music cu...
Mar 09, 2023 (Gmt+09:00)
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Advertising & Marketing
Korea's Innocean wins eight awards at Spikes Asia advertising festival
South Korea-based global marketing communications company Innocean said on Thursday that it received eight awards at the 2023 Spikes Asia, a prestig...
Mar 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Will SM shares’ bull run foil Kakao’s takeover attempt?
The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...
Mar 08, 2023 (Gmt+09:00)
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Construction
Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo
Hyundai Engineering, a South Korean construction contractor, held a completion ceremony for the "Lemba-Imbu water purification plant phase 1 project...
Mar 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai eyes greater SUV market share with new Kona EV
Hyundai Motor Co. on Tuesday unveiled the all-new Kona Electric, its first fully revamped compact sport utility vehicle in five years, as the top So...
Mar 07, 2023 (Gmt+09:00)
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Artificial intelligence
Kakao Brain launches web service to turn imagination into images
Kakao Brain, a South Korean artificial intelligence (AI) company owned by Kakao Corp., launched an open beta version of "B^ EDIT," a web service tha...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Kakao to launch takeover bid for SM to counter HYBE
Kakao Corp., South Korea’s dominant mobile platform, will launch a takeover bid for SM Entertainment Co., according to people with knowledge o...
Mar 07, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE barely ups SM stake in tender offer amid tensions with Kakao
HYBE Co. has raised its stake in the K-pop pioneer SM Entertainment Co. by merely 0.98% in a tender offer, after just one institution and minority i...
Mar 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Hyundai Motor develop vehicle height adjustment system
Hyundai Mobis, a global auto parts vendor and affiliate of Hyundai Motor Group, said on Monday that it has co-developed an electronic levelling cont...
Mar 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE to raise up to $769 mn, new twist on battle with Kakao for SM
HYBE Co. is tightening the reins in its fight against Kakao Corp. for control of SM Entertainment Co. by raising up to 1 trillion won ($768.6 millio...
Mar 05, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE wins 2nd battle against Kakao over SM Entertainment
A South Korean court on Friday ruled in favor of SM Entertainment Co. Founder and former Chief Producer Lee Soo-man to block the company from sellin...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai's Namyang R&D Center acquires safety management certification
Hyundai Motor Group announced on Friday that the polymer materials analysis lab and the metal component analysis lab in the Basic Materials Research...
Mar 03, 2023 (Gmt+09:00)
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Healthcare
Kakao Healthcare to launch diabetes monitoring app
South Korea’s dominant mobile platform Kakao Corp. will kick off its healthcare services this year with the launch of a diabetes monitoring ap...
Mar 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
S.Korea kicks off privatization of top container line HMM
South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controllin...
Mar 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai autoworker: Dream job for many South Koreans
In South Korea, blue-collar work has for decades been shunned by job seekers because of the hard manual labor as well as the widely held perception ...
Mar 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia close in on Toyota with record US sales
Hyundai Motor Co. and Kia Corp., under South Korea’s Hyundai Motor Group, posted their largest-ever sales for February in the US, narrowing a ...
Mar 02, 2023 (Gmt+09:00)