Group restructuring

SK’s holding firm aims to be Korea’s Berkshire Hathaway

Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co., made a rare public remark during a March shareholder meeting that the company aims to raise its enterprise value to some 140 trillion won ($123 billion) by 2025. If realized, he said the price of its

Chemical industry

Hanwha to challenge monopoly in nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitive landscape with Hanwha Corp. entering the market. Hanwha said on Apr. 19 that it will invest 190 billion won ($170 million) to bui

[Exclusive] EV batteries

Copper foil maker raises $700 mn funding to build Europe plant

South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billion won ($715 million) in fresh funding from Seoul-based STIC Investments. STIC will inject the money into Iljin's Malaysia-based sub

Financing

Naver mulls more global bond sale, webtoon unit's IPO

South Korea’s top online portal Naver Corp. is considering more dollar bond sales after it raised $500 million last month in its first foreign currency debt sale, according to a Bloomberg report. The country's internet giant is also eyeing a possible US listing of Naver Webtoon Ltd., its web cartoon platform, Naver's Chief Financial Officer Park Sang-jin told the US news outlet. “To grow, it’s inevitable that we go global ...