Companies
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 po
2 HOURS AGO
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[Exclusive] EV batteries
Copper foil maker raises $700 mn funding to build Europe plant
South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billion...
4 HOURS AGO
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Fashion platforms
Fashion platforms for MZers attract investors; valuations surge
Fashion e-commerce platforms that have become mainstream shopping venues for millennials and Generation Z, or MZers, are seeing their valuations surg...
5 HOURS AGO
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Group restructuring
SK Group’s holding firm aims to be Korea’s Berkshire Hathaway
Jang Dong-hyun, chief executive of SK Inc., formerly known as SK Holdings Co., made a rare public remark during a March shareholder meeting that the ...
6 HOURS AGO
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PEFs
EastBridge beats KKR, TPG to buy Korean waste disposal firm
South Korea-based EastBridge Partners has agreed to acquire a majority stake in the country's waste treatment firm YIDO for around 260 billion won ($...
6 HOURS AGO
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Chemical industry
Hanwha to challenge monopoly in S.Korea’s 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...
6 HOURS AGO
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Clean energy campaign
Hyundai Motor, BTS celebrate Earth Day with hydrogen campaign
South Korea’s top automaker Hyundai Motor Co. and global K-pop boyband sensation BTS have collaborated to urge people to protect the environme...
10 HOURS AGO
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K-content films
Korea’s Netflix blockbuster Space Sweepers receives global viewership
Described as "South Korea's first space-set blockbuster," Netflix's film Space Sweepers is receiving considerable viewership globally, joining a grow...
13 HOURS AGO
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M&As
Hyundai denies talks to sell stake in Rotem to Siemens
Hyundai Motor Co. said on Wednesday that it is not seeking to sell a stake in Hyundai Rotem Co., in response to reports that the South Korean carmake...
Apr 20, 2021 (Gmt+09:00)
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5G equipment
Samsung unveils mid-band 5G equipment to target $9.9 bn US market
Samsung Electronics Co. has unveiled a range of fifth-generation wireless equipment solutions targeting the US mobile service market, expected to acc...
Apr 20, 2021 (Gmt+09:00)
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Startups
Korea Credit Data raises over $35 mn from Pavilion, GS, KB Bank
South Korea-based fintech firm Korea Credit Data (KCD) has raised around 40 billion won ($36 million) from Singapore-based private equity firm Pavili...
Apr 20, 2021 (Gmt+09:00)
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Hydrogen business
Doosan sets sights on hydrogen business as future growth engine
South Korea’s Doosan Group has launched a task force to foster its hydrogen fuel cell business as one of its key growth drivers.The heavy machi...
Apr 20, 2021 (Gmt+09:00)
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[Exclusive] Last-mile logistics
Two Korean firms look to buy six France warehouses
South Korea's Mastern Investment Management Co. and Kiwoom Securities Co. are in the due diligence process to acquire six last-mile logistics centers...
Apr 20, 2021 (Gmt+09:00)
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Revenue rankings
LG Electronics set to overtake Whirlpool as top home appliance maker
South Korea’s LG Electronics Inc. will likely post its best-ever sales revenue for its home appliance business this year, overtaking Whirlpool ...
Apr 20, 2021 (Gmt+09:00)
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Startup IPOs
Referral-based job portal Wantedlab applies for H2 IPO
Wantedlab Inc., South Korea's first referral-based recruiting platform, is aiming to list on the country's junior Kosdaq market in the second half of...
Apr 19, 2021 (Gmt+09:00)
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OLED TVs
Narrower price gap to LCD underpins OLED TV market
A rapid increase in liquid crystal display (LCD) panel prices has sharply narrowed the price gap between LCD panels and organic light-emitting diode ...
Apr 19, 2021 (Gmt+09:00)
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Forklift engines
Doosan Infracore to build 15,000 forklift engines for China’s Linde
Doosan Infracore Co., a leading South Korean heavy machinery and construction equipment maker, has won an order to build 15,000 forklift engines from...
Apr 19, 2021 (Gmt+09:00)
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Luxury EVs
Hyundai debuts First Genesis EV sedan at Shanghai Auto Show
Hyundai Motor Co. on Monday unveiled an electric version of its premium brand Genesis at the opening of Auto Shanghai 2021 as the top South Korean ca...
Apr 19, 2021 (Gmt+09:00)
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EV battery plants
GM, LG to build second US EV battery plant in Tennessee
LG Energy Solution Ltd. and General Motors Co. will spend 2.7 trillion won ($2.4 billion) to build their second US electric vehicle battery plant in ...
Apr 19, 2021 (Gmt+09:00)
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Semiconductor shortages
Chip shortage worsens, keeps Samsung execs on edge
The global chip shortage, which began with declining supply of automotive chips, is crippling swaths of industries beyond the electronic devices sect...
Apr 19, 2021 (Gmt+09:00)
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EV material
POSCO Chem to build anode factories in EU, US from 2022
POSCO Chemical Co., the secondary battery materials unit of POSCO, plans to ramp up its anode production by building new plants in Europe and the US ...
Apr 18, 2021 (Gmt+09:00)
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Business diversification
SKT strengthens foothold outside mobile biz
South Korea’s telecom and mobile network market leader SK Telecom Co., which announced last week its strategic long-term shift towards non-tele...
Apr 18, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor Group forms TaaS division to be led by 42dot CEO
Hyundai Motor Group has created a new Transportation-as-a-Service (TaaS) division that will oversee the mobility businesses of Hyundai Motor Co. and ...
Apr 16, 2021 (Gmt+09:00)
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HEV batteries
Hyundai Motor, SK Innovation join forces on hybrid car battery development
South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop ...
Apr 16, 2021 (Gmt+09:00)
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Capital raising
SK E&S seeks global IB to raise up to $3 bn in 2021
SK E&S Co. will hire a global investment bank to launch the process of raising 2 trillion-3 trillion won ($2 billion-$3 billion) in new capital w...
Apr 16, 2021 (Gmt+09:00)
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Art donation
Samsung heirs likely to donate over half of Lee's art collection
Samsung Group heirs, including Samsung Electronics Co. Vice Chairman Jay Y. Lee, have tentatively agreed to donate more than half of the late Lee Kun...
Apr 16, 2021 (Gmt+09:00)
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M&As
Citibank Korea's retail arm sale may fuel M&A market
Citigroup Inc.'s plan to exit from South Korea's retail banking market may invigorate the country's M&A market, with small-sized, non-banking fin...
Apr 16, 2021 (Gmt+09:00)
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Korean music labels
Entertainment shares to soar in Q2 following BTS, Blackpink comeback
South Korean entertainment labels are expected to see their earnings momentum back in full swing in the second quarter as popular K-pop groups such a...
Apr 16, 2021 (Gmt+09:00)
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Electronic parts
Samsung develops ultra-small, high-capacity MLCC
Samsung Electro-Mechanics Co. has developed an ultra-small and high-performance multilayer ceramic capacitor (MLCC) for use in a wider range of elec...
Apr 16, 2021 (Gmt+09:00)
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EV charging
SK expands EV profile with Signet EV acquisition, Polestar investment
SK Group will enter the fast-growing electric vehicle (EV) charger market by acquiring a majority stake in South Korea’s industrial charger ma...
Apr 15, 2021 (Gmt+09:00)
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