posco bond 700 billion won
Scope
Date
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Tech, Media & Telecom
Hancom, POSCO DX pursue robotic process automation solutions
South Korea’s office suite software maker Hancom and engineering and information and communications technology service provider POSCO DX will ...
Jun 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai bets big on futuristic displays, eyes roll-up screen in 3 years
South Korea’s top auto parts maker Hyundai Mobis Co. said on Tuesday it expects to begin mass production of its rollable vehicle display &ndas...
Jun 27, 2023 (Gmt+09:00)
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Energy
POSCO Int'l, CIP tie up for Korean offshore wind project
POSCO International, the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has joined hands with C...
Jun 27, 2023 (Gmt+09:00)
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Webtoons
S.Korea's Naver Webtoon to expand IP-based operations
South Korea's Naver Webtoon is selling its online intellectual property (IP)-based webtoon products on the offline market to expand its webtoon IP o...
Jun 27, 2023 (Gmt+09:00)
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Batteries
LG Chem produces single-crystal cathodes; to raise $1.5 bn in bonds
LG Chem Ltd. has begun mass production of high-nickel cathode materials made with a single crystal structure for the first time in South Korea, whic...
Jun 26, 2023 (Gmt+09:00)
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North Korea
How North Korea’s Hacker Army Stole $3 Billion in Crypto, Funding Nuclear Program
Last year an engineer working for the blockchain gaming company Sky Mavis thought he was on the cusp of a new job that would pay more money.A recrui...
Jun 26, 2023 (Gmt+09:00)
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Construction
S.Korean builders feel tailwind from Middle East
South Korean construction companies, struggling with soaring raw material prices and higher interest rates, are poised to bounce back with a string ...
Jun 23, 2023 (Gmt+09:00)
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Corporate bonds
LG Energy’s 1st bond issue draws record $3.6 bn in bids
LG Energy Solution Ltd.'s first bond issue was 10 times oversubscribed on Thursday, drawing a record 4.7 trillion won ($3.6 billion) in bids for a S...
Jun 22, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO-led consortium signs 47-yr Oman green hydrogen project
A consortium led by POSCO Holdings Inc. and Samsung Engineering Co. has signed a 47-year contract with Oman worth an estimated $7 billion-$8 billion...
Jun 22, 2023 (Gmt+09:00)
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Batteries
POSCO, CNGR to build $1.2 bn battery materials plants in Korea
South Korea’s steel giant POSCO Group and China’s CNGR Advanced Material Co. have agreed to spend 1.5 trillion won ($1.2 billion) on sec...
Jun 21, 2023 (Gmt+09:00)
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Corporate bonds
Lotte affiliates’ credit ratings downgraded all at once
The ratings of Lotte's subsidiaries have been downgraded en masse. Lotte Chemical Corp., the group's cash cow, was cut to AA from AA+.NICE Investors...
Jun 20, 2023 (Gmt+09:00)
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Private equity
Affirma Capital’s Korean MD Thomas Shim promoted to partner
Global private equity firm Affirma Capital has promoted Seoul-based Managing Director Min Hyun (Thomas) Shim to partner, investment banking sources ...
Jun 20, 2023 (Gmt+09:00)
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Foreign exchange
Yen breaches key level vs Korean won to hit 8-year low
The Japanese yen on Monday extended losses against the South Korean won to touch an eight-year low, briefly breaching a psychological support line a...
Jun 19, 2023 (Gmt+09:00)
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Carbon neutrality
POSCO Future M cut greenhouse gases 8.6% in 2022
South Korea's chemical company POSCO Future M Co. last year lowered greenhouse gases a surprising 8.6% from 2021. Reducing its CO2 emissions despite...
Jun 19, 2023 (Gmt+09:00)
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Robotics
POSCO to raise steel plant safety with robots
POSCO Research Institute, a think tank under South Korea’s top steelmaker POSCO Group, on Sunday said it signed an agreement with Withrobot an...
Jun 19, 2023 (Gmt+09:00)
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Hydrogen economy
POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman
A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...
Jun 16, 2023 (Gmt+09:00)
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Robotics
POSCO targets robotic automation solutions for new growth
SEONGNAM, Gyeonggi Province -- POSCO DX Co., the IT services subsidiary of South Korea’s largest steelmaker POSCO Group, aims to enter the rob...
Jun 15, 2023 (Gmt+09:00)
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Markets
Japanese yen near 8-year low against S.Korean won
The Japanese yen is nearing its lowest level in eight years against the South Korean won, with their exchange rate hovering around the 9.00 level.It...
Jun 14, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, GM to build JV plant for EV batteries in Indiana
South Korea's major secondary battery maker Samsung SDI Co. and General Motors (GM) of the US will set up a joint venture (JV) plant for electric ve...
Jun 14, 2023 (Gmt+09:00)
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Batteries
POSCO breaks ground on lithium hydroxide plant in S.Korea
POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...
Jun 13, 2023 (Gmt+09:00)
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Foreign exchange
Foreign buying of Korean stocks, bonds at record high, boosting won
Foreigners bought a record $11.43 billion in South Korean stocks and bonds in May, boosting the value of the won versus the dollar amid the greenbac...
Jun 13, 2023 (Gmt+09:00)
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ESG bonds
Hyundai Card issues $193 mn Korean green bonds
South Korea's Hyundai Card announced on Friday that it has issued a green bond worth 250 billion won ($193 million), becoming the first company in t...
Jun 09, 2023 (Gmt+09:00)
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Machinery
POSCO Int'l to supply nearly 7 mn motor cores to Hyundai Motor
South Korea's largest trading company POSCO International on Thursday said its affiliate POSCO Mobility Solution will supply motor cores to Hyundai ...
Jun 08, 2023 (Gmt+09:00)
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Batteries
Hyundai, SK battery JV may receive up to $700 mn in US grants
Hyundai Motor Co. and SK On Co. could receive up to $700 million in US tax breaks and grants for their electric vehicle battery plant under construc...
Jun 07, 2023 (Gmt+09:00)
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Steel
POSCO launches first product from its low-carbon Greenate brand
South Korea's top steelmaker POSCO on Sunday launched the first product from its low-carbon brand Greenate.Greenate features distribution-type produ...
Jun 05, 2023 (Gmt+09:00)
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Batteries
POSCO-GM JV to double cathode output, build precursor plant
South Korean battery materials producer POSCO Future M Co. said on Friday it will inject 1 trillion won ($765 million) into its joint venture with G...
Jun 02, 2023 (Gmt+09:00)
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Economy
Korea inflation at 19-mth low; casts doubts over rate hike
South Korea’s headline inflation fell for a fourth straight month in May to a 19-month low amid continuous signs of a slowdown in Asia’s...
Jun 02, 2023 (Gmt+09:00)
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Pension funds
Teachers' Pension to up global alternatives to 19% of AUM by 2027
Teachers’ Pension (TP), South Korea’s major pension fund for private school employees, will accelerate investment in domestic bonds whil...
Jun 01, 2023 (Gmt+09:00)
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Corporate strategy
POSCO to comply with IRA rules to access battery tax breaks: chairman
NEW YORK – POSCO Group, which owns South Korea’s largest steelmaker, has been striving to transform into a low-carbon conglomerate by sh...
Jun 01, 2023 (Gmt+09:00)
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Pension funds
NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
Jun 01, 2023 (Gmt+09:00)