Shinhan Financial Group block deal
Scope
Date
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Blockchain
KT provides digital document storage for Shinhan Bank
South Korea's KT Corp announced on Friday the launch of a new digital document storage service at Shinhan Bank, linking with a public electronic doc...
Sep 22, 2023 (Gmt+09:00)
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Batteries
LG Energy may partner with JSW to make EV batteries in India
South Korea’s LG Energy Solution Ltd., one of the world’s largest battery makers, is in talks with Indian steel-to-energy conglomerate J...
Sep 22, 2023 (Gmt+09:00)
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Leadership & Management
Ex-CEOs return to firms in Korea for operational stability
Former chief executives of South Korean firms are being recruited by their previous employers as the companies need the seasoned experience of these...
Sep 22, 2023 (Gmt+09:00)
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Central bank
Korean financial markets tumble as Fed signals higher rates
South Korean stocks, bonds and its currency tumbled on Thursday as the US Federal Reserve gave indications of another interest rate hike this year a...
Sep 21, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK Chemicals to sell pharmaceutical unit to Glenwood PE
SK Chemicals Co., a South Korean plastic materials producer, is in exclusive talks with Seoul-based Glenwood Private Equity to sell its pharmaceutic...
Sep 21, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage to create interactive chatbot for virtual idols
South Korea’s artificial intelligence (AI) startup Upstage announced on Thursday that it has signed a memorandum of understanding (MOU) with M...
Sep 21, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Woori, HMM, KOBC to buy bulk carrier operator Polaris
South Korean bulk carrier operator Polaris Shipping Co. is poised to sell its entire stake at around 600 billion won ($447.5 million) to Woori Priva...
Sep 21, 2023 (Gmt+09:00)
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Steel
Hyundai Steel to pull out of stainless steel market
Hyundai Steel Co. has decided to close its stainless steel-making plant in Incheon, South Korea, pulling out of the market amid a flood of Chinese-m...
Sep 20, 2023 (Gmt+09:00)
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Energy
Doosan Enerbility, KWP to advance power generation tech
South Korea's heavy industrial company Doosan Enerbility Co. and the government-owned Korea Western Power Co. (KWP) will jointly streamline domestic...
Sep 19, 2023 (Gmt+09:00)
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Chemical Industry
Taekyung Group to recycle brine water in Saudi Arabia
South Korea's Taekyung Group on Monday said it formed a strategic partnership with Saudi Arabia's government-run Saline Water Conversion Corp. (SWCC...
Sep 19, 2023 (Gmt+09:00)
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Electronics
Seoul Semiconductor secures key EV LED patents
Seoul Semiconductor Co., the world’s No. 3 light-emitting diode (LED) maker, has secured key patents for LEDs to be used in electric vehicles ...
Sep 18, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics wins $242 mn order from Bristol Myers Squibb
Samsung Biologics Co., the world’s largest contract drugmaker, said on Monday it has signed an agreement to produce $242 million worth of anti...
Sep 18, 2023 (Gmt+09:00)
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Bio & Pharma
Moderna signs mRNA access deals with S.Korea's universities
The US biotech and pharmaceutical company Moderna on Friday announced signings of contracts with the academic-industry cooperation foundations of Ko...
Sep 15, 2023 (Gmt+09:00)
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Automobiles
POSCO Int'l to supply EV motor cores to Hyundai Motor Group
South Korea's POSCO International Corp. on Thursday said it signed a deal to supply 3.5 million traction motor cores for electric vehicles (EV) to H...
Sep 15, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korean travel guide featuring BTS published
The Korea Economic Daily (KED) on Tuesday released The Purple Road, a tourist guide of South Korea highlighting places where the seven members of ...
Sep 14, 2023 (Gmt+09:00)
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Infrastructure
Shinhan, 3i, DWS to sell Dutch waste treatment firm to Ardian
South Korea’s Shinhan Asset Management Co., London-based 3i Group plc and Germany's DWS Group are set to sell their combined full stake in Dut...
Sep 13, 2023 (Gmt+09:00)
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Bio & Pharma
Wellmarker Bio signs worth of $528 mn tech transfer deal
Wellmarker Bio, South Korea's oncology drug development company, announced on Monday that it has signed a technology transfer agreement with a Europ...
Sep 12, 2023 (Gmt+09:00)
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Supply chain
Korea’s heavy dependence on China for raw materials deepens
While the urea crisis in 2021 laid bare South Korea’s heavy dependence on China for basic raw materials, concerns are growing that Korea&rsquo...
Sep 12, 2023 (Gmt+09:00)
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Artificial intelligence
Upstage to develop shopping-specific AI with ConnectWave
South Korea’s artificial intelligence (AI) startup Upstage on Monday said it will develop a shopping-specific AI service with domestic online ...
Sep 12, 2023 (Gmt+09:00)
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Energy
HD Hyundai Electric wins $51 mn deal to power Neom megacity
HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a...
Sep 11, 2023 (Gmt+09:00)
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Retail
Homeplus enters Mongolian market with PB products
South Korean big-box retailer Homeplus has entered the Mongolian market for the first time, signing a strategic partnership with the country's ret...
Sep 11, 2023 (Gmt+09:00)
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Aerospace & Defense
Hanwha sees higher odds of winning Poland submarine deal
South Korea’s Hanwha Ocean Co. appears to be a step closer to winning a 3.2 trillion won ($2.4 billion) Polish order for submarines, after a s...
Sep 10, 2023 (Gmt+09:00)
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Energy
SK E&S signs PPA agreement with Iljin Group affiliates
South Korea's SK E&S announced on Friday that it has entered into a direct power purchase agreement (PPA) with Iljin Global and Bearing Art, bot...
Sep 08, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial Vice Chairman Yang named sole chairman candidate
KB Financial Group Inc. has chosen Yang Jong-hee, its vice chairman, as the sole candidate for its next chief in charge of South Korea’s leadi...
Sep 08, 2023 (Gmt+09:00)
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Banking & Finance
Shinhan Card collaborates with Singapore Air
Shinhan Card announced on Thursday that it has launched the "Singapore Airlines KrisFlyer the Best Shinhan Card" through a strategic partnership wit...
Sep 07, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea's Lotte Group helps SMEs penetrate Indonesian market
South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...
Sep 07, 2023 (Gmt+09:00)
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Private equity
SK Group, NPS may exercise put option on Masan without gain
South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...
Sep 06, 2023 (Gmt+09:00)
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Travel & Leisure
Over 130 Chinese travel industry officials visit S.Korea
Since the Chinese government allowed its citizens to participate in group tours to South Korea last month, Chinese travel industry representatives h...
Sep 06, 2023 (Gmt+09:00)
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Real estate
Shinhan REITs to buy HSBC's Seoul headquarters at $135 mn
Shinhan REITs Management Co., a real estate investment arm of South Korea’s Shinhan Financial Group, is poised to acquire a 65.8% stake in the...
Sep 05, 2023 (Gmt+09:00)
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Batteries
SK Nexilis inks $1.5 bn copper foil deal with Envision AESC
SK Nexilis Co. has signed a 2 trillion won ($1.5 billion) contract to supply copper foil, a core material in electric vehicle cells, to Chinese seco...
Sep 05, 2023 (Gmt+09:00)