HAAH Automotive Holdings Inc.
Scope
Date
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Mergers & Acquisitions
Ssangyong draws HAAH and electric bus, scooter makers
Ssangyong Motor Co., a troubled South Korean sports utility vehicle maker, has drawn nine preliminary bidders, including a US automobile distributor...
Jul 30, 2021 (Gmt+09:00)
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Electric vehicles
LG Elec completes stock deal with Magna for EV powertrain JV
LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain join...
Jul 28, 2021 (Gmt+09:00)
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Korean startups
Korea's sole AI chip designer takes on automotive chip market
South Korea-based semiconductor intellectual property provider Openedges Technology Inc. has come into the limelight with global automaker Hyundai M...
Jul 28, 2021 (Gmt+09:00)
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Automobiles
Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame
Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...
Jul 23, 2021 (Gmt+09:00)
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Capital raising
Korea Inc. rush to sell property, new shares to fund new business
South Korea’s major companies are rushing to secure cash to fund new business. Some have sold or securitized property, while others issued n...
Jul 16, 2021 (Gmt+09:00)
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Banking & Finance
Bank of Korea sets stage for tightening after holding rates
South Korea’s central bank chief sent a strong indication of tightening later this year after the Bank of Korea (BOK) left its monetary policy...
Jul 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock Real Assets makes first Korean offshore wind investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...
Jul 15, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung courts image sensor leader Sony with new automotive products
Samsung Electronics Co., the world’s second-largest image sensor maker, is courting industry leader Sony Corp. with its new line of automotive...
Jul 13, 2021 (Gmt+09:00)
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Chief Executives
LG undergoes restructuring under young Chairman Koo's bold leadership
On June 29, LG Group Chairman Koo Kwang-mo will reach a three-year mark of serving as the head of South Korea's fourth-largest conglomerate. This ye...
Jun 20, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Nature Holdings beats Shinsegae, CJ to join TaylorMade deal
The Nature Holdings, a South Korean importer of popular apparel brands such as National Geographic, Jeep, NFL and Vera Wang, has been chosen as the ...
Jun 14, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia overtake Ford in US auto sales in May
Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...
Jun 09, 2021 (Gmt+09:00)
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Deals
Naver, CJ ENM join forces to acquire Korea's No.3 web novel platform
South Korea’s platform giant Naver Corp. has joined forces with CJ Group to acquire the country's leading web novel platform Munpia Inc. in a ...
May 28, 2021 (Gmt+09:00)
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Corporate restructuring
SK Group’s holding firm aims to become 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, saying t...
Apr 21, 2021 (Gmt+09:00)
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Factory suspension
GM Korea to halt 2 main plants next week on automotive chip shortage
The South Korean unit of US auto giant General Motors Co. will halt two of its three plants next week in the latest sign of the worsening global aut...
Apr 15, 2021 (Gmt+09:00)
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Corporate restructuring
LG Corp shares surge ahead of relisting after LX Holdings split-off
Shares of LG Corp. are significantly outperforming the broader market on expectations the company will be fairly valued when it’s relisted on ...
Apr 15, 2021 (Gmt+09:00)
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Automobiles
SK Hynix in talks to supply automotive DRAM to Bosch
South Korea’s SK Hynix Inc. is in talks to supply its memory chips for cars to Robert Bosch GmbH, a German multinational tech giant, given acc...
Apr 06, 2021 (Gmt+09:00)
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Corporate governance
SK Holdings to empower directors to pick and oust CEO
South Korea's SK Holdings Co. will give outside directors more authority to get involved in the selection and dismissal of its chief executive and i...
Mar 26, 2021 (Gmt+09:00)
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SK Holdings, China’s Geely launch $300 million future mobility fund
South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...
Mar 18, 2021 (Gmt+09:00)
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Block deal
SK Holdings raises $1 bn from block sale of SK Biopharm shares
South Korea's SK Holdings Co. has offloaded an 11% stake in SK Biopharmaceuticals Co. in a block trade for 1.1 trillion won ($1 billion) as part of ...
Feb 24, 2021 (Gmt+09:00)
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Korean stock market
BOK governor warns of abrupt stock market correction; holds rate steady
South Korea’s central bank governor has warned of an abrupt stock market correction, asking investors to refrain from excessive borrowing amid...
Jan 15, 2021 (Gmt+09:00)
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Korean stock market
NPS boosts holdings in parts, materials, leisure stocks
The National Pension Service has raised exposure to parts, materials and leisure stocks in South Korea that had underperformed the broader markets, ...
Jan 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean companies sit on record dry powder, may open M&A floodgates
South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...
Jan 04, 2021 (Gmt+09:00)
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Pre-IPOs
HOLD Naver Webtoon taps foreign investors ahead of US listing
Global webtoon (digital comics) platform Naver Webtoon is paving the way to a listing in the US market, reaching out to foreign investors for pre-...
Dec 16, 2020 (Gmt+09:00)
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Economy
Korea Inc. braces for tough year as strong KRW kicks in
South Korean exporters are bracing for a tough year with their profits poised to languish, hit by the strong won, amid expectations for a rebound in...
Dec 07, 2020 (Gmt+09:00)
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Economy
BOK raises growth view as it holds rate, warns against V-shaped recovery
The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...
Nov 26, 2020 (Gmt+09:00)
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Cold-chain logistics
SK Holdings cryogenic biz eyes jackpot on hopes of imminent COVID-19 vaccine
South Korea's SK Holdings Co. may hit the jackpot with the development of a COVID-19 vaccine on the horizon.Once a coronavirus vaccine is available, t...
Nov 13, 2020 (Gmt+09:00)
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Strong KRW helps S. Korea hold above $30,000 per capita GNI
South Korea’s per capita income is expected to continue its downward streak for the second straight year in 2020 due to the coronavirus impact, ...
Nov 03, 2020 (Gmt+09:00)
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Corporate governance
SK Holdings' board underpins new standard in Korea
On Jul. 21, SK Holdings Co.'s board of directors rejected management's request to simplify the reporting procedure for investment proposals. Among the...
Oct 29, 2020 (Gmt+09:00)
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LG Chem to hold market lead with tenfold battery patents vs CATL: executive
South Korea’s LG Chem Ltd., which has heavily invested in research and development projects, says it will retain its market lead over close riva...
Oct 19, 2020 (Gmt+09:00)
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Automobiles
HAAH Automotive proposes $258 mn investment in Ssangyong Motor
HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its...
Sep 21, 2020 (Gmt+09:00)