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Corporate investmentPOSCO Group looks to treble corporate value by 2030
South Korea’s POSCO Group will invest 53 trillion won ($42 billion) by 2026 primarily in its steel, rechargeable battery m...
May 26, 2022 (Gmt+09:00)
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Behind the ScenesSamsung in do-or-die race with $355 bn spending plan
"It's not a matter of numbers, but a matter of do or die for us."This is the first public remark from Samsung Electronics Co. Vi...
May 26, 2022 (Gmt+09:00)
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Corporate investmentLG bets $34 bn on battery, automotive electronics biz for its future
LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics a...
May 26, 2022 (Gmt+09:00)
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Corporate investmentSK takes aim at chips, batteries, bio with $195 billion investment
SK Group, South Korea’s second-largest conglomerate after Samsung, on Thursday announced a plan to invest 247 trillion won...
May 26, 2022 (Gmt+09:00)
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Venture capitalVenture capital heavyweights tighten belts after 13-year spending spree
Venture capital firms at home and abroad are tightening their belts, following growing concerns over inflation and continued i...
May 26, 2022 (Gmt+09:00)
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Sovereign wealth fundsKIC posts 8.83% return on alternative assets since inception
Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, posted a 9.13% annualized return on total assets a...
May 26, 2022 (Gmt+09:00)
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North KoreaNorth Korea fires three missiles after Biden ends Asia trip
TOKYO — North Korea fired a suspected intercontinental ballistic missile early Wednesday that flew only briefly before landi...
May 26, 2022 (Gmt+09:00)
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Sovereign wealth fundsKIC, PE firm WWG to invest $450 mn in equipment maker Duravant
Korea Investment Corporation (KIC), the South Korean sovereign wealth fund, and private equity firm White Whale Group (WWG) are ...
May 26, 2022 (Gmt+09:00)
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Central bankBOK steps up inflation fight with back-to-back rate hikes
South Korea’s central bank delivered a back-to-back interest rate hike for the first time in 15 years on Thursday to curb ...
May 26, 2022 (Gmt+09:00)
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Carbon neutralitySK E&S, Australia’s Santos eye joint carbon capture, hydrogen projects
SK E&S Co., the natural gas business unit of South Korea’s SK Group, and Australia’s leading energy company Sant...
May 26, 2022 (Gmt+09:00)
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SteelPOSCO closer to supplying steel for LNG tanks to ExxonMobil
POSCO, the world’s sixth-largest steelmaker, took a step forward to supply global energy major ExxonMobil with steel for l...
May 26, 2022 (Gmt+09:00)