Class 1 Building and Construction guidelines
Scope
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Mergers & Acquisitions
Carlyle, Keppel, IMM stay in final race for Ecorbit
Carlyle Group, a union of Hong Kong-based Keppel Corp. and Gaw Capital Partners and a consortium of IMM Investment and IMM Private Equity are the th...
Aug 09, 2024 (Gmt+09:00)
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Real estate
IGIS puts NPS-backed building in Seoul on sale for $294 mn
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National ...
Aug 09, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Mipo to build Korea’s first LCO₂ carrier
HD Hyundai Mipo Co., formerly Hyundai Mipo Dockland Co., has embarked on the construction of South Korea’s first liquefied CO₂ (LCO₂) carrier,...
Aug 09, 2024 (Gmt+09:00)
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Artificial intelligence
LG unveils Korea’s 1st open source AI to take on Meta, Google
LG Group, South Korea’s fourth-biggest conglomerate, on Wednesday introduced the country’s first open-sourced artificial intelligence la...
Aug 07, 2024 (Gmt+09:00)
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Korean chipmakers
US to award SK Hynix up to $450 mn for Indiana chip complex
The US government said on Tuesday it plans to provide SK Hynix Inc., the world’s leading high-bandwidth memory (HBM) chipmaker, up to $450 mil...
Aug 07, 2024 (Gmt+09:00)
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Steel
Dongkuk buys Aju Steel to create No.1 color coated steel maker
Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel unit of South Korea's Dongkuk Holdings Co., has agreed to buy Aju Steel Co. specializin...
Aug 07, 2024 (Gmt+09:00)
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Energy
SK Gas delays $1 bn combined cycle power plant operation
SK Gas Ltd., South Korea’s No. 1 liquefied petroleum gas (LPG) distributor, has postponed the commercial operation of its combined cycle power...
Aug 06, 2024 (Gmt+09:00)
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Banking & Finance
Hana Card, Toss Bank jointly launch PLCC card
South Korea's Hana Card announced on Friday that it partnered with Toss Bank to launch its first private label credit card (PLCC), the Toss Bank Cre...
Aug 02, 2024 (Gmt+09:00)
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Electronics
LG Display to sell its last LCD plant to CSOT for $1.5 bn
South Korea’s LG Display Co. plans to sell its liquid crystal display (LCD) panel plant in Guangzhou, China, to TCL China Star Optoelectronics...
Aug 02, 2024 (Gmt+09:00)
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Leadership & Management
Samsung’s new chip leader calls for restoring competitiveness
It is urgent to restore Samsung Electronics Co.'s competitiveness in the semiconductor business, the chip division’s new head said in his firs...
Aug 01, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung releases 1-terabyte microSD cards for mobile devices
Samsung Electronics Co. on Thursday released higher-capacity memory cards for portable devices that can store up to 1 terabyte (TB) of data, almost ...
Aug 01, 2024 (Gmt+09:00)
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IPOs
LG CNS gears up for 2025 IPO with $5.1 billion in enterprise value
LG CNS Co., the information technology service unit of South Korea’s LG Group, is gearing up for an initial public offering early next year, o...
Aug 01, 2024 (Gmt+09:00)
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Earnings
Samsung set to ship HBM3E chips in H2 after strong H1
Samsung Electronics Co. expects it will be ready to ship its fifth-generation high-bandwidth memory (HBM) chips, or HBM3E, in the second half, demon...
Jul 31, 2024 (Gmt+09:00)
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K-pop
SM Entertainment, S.Korean startup Jienem to build K-Pop hotel
South Korea's residence operator startup Jienem announced on Monday that it signed a memorandum of understanding (MOU) with Kreation Music Rights (K...
Jul 30, 2024 (Gmt+09:00)
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Real estate
NH to buy Donuimun D Tower for $650 mn
South Korea’s NongHyup Financial Group Inc. (NH Financial) is poised to acquire landmark office building Donuimun D Tower for about 900 billio...
Jul 30, 2024 (Gmt+09:00)
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Electronics
Dreamtech builds electronics, medical device factory in India
South Korean electronics components maker Dreamtech said on Monday that it built a new factory in India's Greater Noida.The company invested 85.1 bi...
Jul 30, 2024 (Gmt+09:00)
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Real estate
Hanwha REIT to buy Hanwha Group office building for $584 mn
Hanwha REIT Co., a real estate investment arm of South Korea’s No. 7 conglomerate Hanwha Group, said on Monday that it is poised to acquire th...
Jul 29, 2024 (Gmt+09:00)
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Construction
SGC E&C secures $92 mn chemical plant project in Malaysia
South Korea's SGC eTEC E&C Co. announced on Monday that it secured an additional chemical plant construction project in Malaysia worth 127.3 bil...
Jul 29, 2024 (Gmt+09:00)
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Petrochemicals
S-Oil halts fire-hit paraxylene plant, faces revenue loss
ULSAN, South Korea -- It looks inevitable that S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., will take a substantial revenue hit from...
Jul 29, 2024 (Gmt+09:00)
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Earnings
Kia posts highest-ever profit margin, double Tesla's
Kia Corp., South Korea’s No. 2 carmaker, on Friday posted its highest-ever operating profit margin of 13.2% in the second quarter, more than d...
Jul 26, 2024 (Gmt+09:00)
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Korean startups
Baemin founder strikes out for new trophy platform
Kim Bong-jin, a former chairman and CEO of Woowa Brothers Corp., operator of South Korea’s No. 1 food delivery app Baedal Minjok — Baemi...
Jul 26, 2024 (Gmt+09:00)
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Energy
Hanwha Solutions to raise $1.5 bn amid mounting losses
Hanwha Solutions Corp., the flagship unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group, is poised to raise as much as $1.5 ...
Jul 26, 2024 (Gmt+09:00)
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Economy
South Korea’s Economy Slowed Sharply in Second Quarter
South Korea’s economy slowed at a sharper-than-expected pace in the second quarter on sluggish private consumption and weak business investmen...
Jul 26, 2024 (Gmt+09:00)
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E-commerce
S.Korea fines AliExpress $1.4 mn for alleged privacy breach
South Korea’s privacy authority is punishing AliExpress with measures including a $1.4 million fine for allegedly not providing measures to pr...
Jul 25, 2024 (Gmt+09:00)
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Economy
S.Korea’s economy slows in Q2, but on growth course
South Korea’s economy unexpectedly slowed in the second quarter on softer private consumption and business investments, reinforcing expectatio...
Jul 25, 2024 (Gmt+09:00)
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Korean startups
Korea to build startup campuses in Seoul, Busan by 2026
South Korea will establish startup hubs in Seoul and Busan, the country’s largest port city, by the first half of 2026 to build Asia’s N...
Jul 25, 2024 (Gmt+09:00)
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Banking & Finance
KB Financial's quarterly profit hits record on interest margin growth
South Korea’s largest financial holding group KB Financial Group Inc. has logged its record quarterly profit in the April-June period, thanks ...
Jul 24, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE partners with University of Michigan to foster US ship engineers
South Korea’s HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has joined hands with the University of Michigan-Ann Arbor (UM) a...
Jul 23, 2024 (Gmt+09:00)
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AgTech
Nongshim to build smart farm in Saudi Arabia
South Korea's food and beverage giant Nongshim Co. announced on Tuesday that it was selected as a participant in the Smart Farm Export Promotion Pro...
Jul 23, 2024 (Gmt+09:00)
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Corporate restructuring
SK Innovation to be Asia’s top energy company through merger
SK Innovation Co., South Korea’s largest energy company, is set to become the industry leader in Asia through a merger with an affiliate while...
Jul 17, 2024 (Gmt+09:00)
Latest News
- 1 Korea’s top cinema chains seek merger to counter box office slump
- 2 S.Korea’s GEPS to commit $143 million to foreign mid-cap buyout funds
- 3 CJ CheilJedang to open $72 mn dumpling plant in Japan
- 4 LG Electronics breaks ground on $600 million home appliance plant in India
- 5 KakaoBank posts record Q1 profit, eyes Thai expansion after Indonesia