integrated charging control unit
Scope
Date
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Corporate restructuring
Gaon Cable takes over LS Cable & System's US arm
Gaon Cable Co. said on Tuesday it has taken over the US arm of parent company LS Cable & System Ltd. to beef up its business of mid-to-low volta...
Nov 19, 2024 (Gmt+09:00)
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IPOs
LS Group’s US magnet wire unit to go public with $1.4 bn value
The US magnet wire unit of South Korea’s leading electric power, materials and energy conglomerate LS Group is seeking an initial public offer...
Nov 19, 2024 (Gmt+09:00)
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Mergers & Acquisitions
CJ CheilJedang puts bio business on market for $4 bn
CJ CheilJedang Corp., South Korea’s largest food company, is seeking to sell its bio business for about 6 trillion won ($4.3 billion) in what ...
Nov 18, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc chair hatches plan to maintain management control
Korea Zinc Inc. Chair Choi Yun-birm said on Sunday he has a strategy for defending management control of the world’s top zinc and lead smelter...
Nov 18, 2024 (Gmt+09:00)
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Logistics
Hanjin to open Mexico subsidiary
South Korea's Hanjin Transportation said on Friday it will establish a subsidiary in Mexico this year to expand its logistics market in Latin Americ...
Nov 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor taps US unit chief Jose Munoz as new CEO
Hyundai Motor Co. on Friday named Jose Munoz, its global chief operating officer (COO) and head of North and South American operations, as its new a...
Nov 15, 2024 (Gmt+09:00)
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Logistics
Kakao Mobility, Samyang Logistics partner on fulfillment services
Kakao Mobility Corp., South Korea’s most popular ride-hailing app operator, said on Monday that it partnered with logistics firm Samyang Logis...
Nov 12, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK Partners tipped to win battle for control of Korea Zinc
A consortium led by North Asia-focused buyout firm MBK Partners edged closer to winning the battle for control of Korea Zinc Inc. against the s...
Nov 12, 2024 (Gmt+09:00)
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Shareholder activism
KT&G to buy back shares, rejects Ginseng unit buyout offer
South Korean tobacco maker KT&G Corp. on Thursday unveiled a plan to buy back shares and pay dividends totaling 3.7 trillion won ($2.7 billion) ...
Nov 08, 2024 (Gmt+09:00)
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Artificial intelligence
LG’s telecom unit to spend $2.1 bn on transition into AX company
LG Uplus Corp., South Korea’s No. 3 mobile carrier, plans to invest up to 3 trillion won ($2.1 billion) in artificial intelligence and foster ...
Nov 07, 2024 (Gmt+09:00)
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Energy
KEPCO, LS Electric to co-work on predictive diagnostics solutions
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Thursday it signed a memorandum of understanding (MOU) with ...
Nov 07, 2024 (Gmt+09:00)
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Sports
Global sportswear brands race to ride on Korea’s running craze
Global sportswear makers have stepped up competition in South Korea to take advantage of the country’s growing running craze with major brands...
Nov 06, 2024 (Gmt+09:00)
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Automobiles
Tata Daewoo rebrands itself as Tata Daewoo Mobility
South Korea's Tata Daewoo Commercial Vehicle Company is rebranding itself as "Tata Daewoo Mobility" to mark its 30th anniversary.Tata Daewoo held on...
Nov 06, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor completes mobile hydrogen charging station in Jeju
Hyundai Motor Co. said on Monday that it completed the H Jeju Moving Station, a mobile hydrogen charging facility, at the Carbon-Free Island (CFI) E...
Nov 05, 2024 (Gmt+09:00)
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Business & Politics
S.Korea aims to export $1 bn Gim by 2027
South Korean Ministry of Oceans and Fisheries plans to enhance the global competitiveness of Korea's seaweed industry by establishing "Gim” ...
Oct 31, 2024 (Gmt+09:00)
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Upcoming IPOs
Cuckoo eyes $172 mn IPO of Malaysian unit in Kuala Lumpur: Bloomberg
South Korea’s leading rice cooker and small appliance maker Cuckoo Holdings Co. is said to be seeking to list its Malaysian unit in the Southe...
Oct 30, 2024 (Gmt+09:00)
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Banking & Finance
Korea's Hana Bank to promote foreigners as managers in overseas units
South Korean banks are set to reshuffle overseas units by promoting local staff to management positions, in a bid to boost the sluggish profitabilit...
Oct 28, 2024 (Gmt+09:00)
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Energy
Kia, KEPCO collaborate to build power ecosystem using PBV
South Korea's Kia Corp. and Korea Electric Power Corp. (KEPCO), the state-run utility company, said on Thursday that they signed a memorandum of und...
Oct 24, 2024 (Gmt+09:00)
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Artificial intelligence
Superb AI, Cisco to strengthen AI network cooperation
South Korean artificial intelligence (AI) startup Superb AI said on Tuesday it was awarded Select Developer from the global network giant Cisco Syst...
Oct 23, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korea Zinc takes control of key shareholder in management feud with MBK
Korea Zinc Inc. succeeded in taking control of Young Poong Precision Corp., a key player in the management battle against North Asia-focused private...
Oct 22, 2024 (Gmt+09:00)
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Corporate restructuring
NCSoft to spin off AI, game divisions into four units
NCSoft Corp., a leading South Korean game developer and publisher, said on Monday it will spin off its artificial intelligence R&D and game deve...
Oct 21, 2024 (Gmt+09:00)
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Corporate strategy
SK Ecoplant establishes integrated chip service division
SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, said on Thursday it reorganized its business s...
Oct 18, 2024 (Gmt+09:00)
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Logistics
CJ Logistics, KT&G introduce hydrogen cargo trucks
South Korea's CJ Logistics said on Thursday that it deployed two 11-ton hydrogen-powered cargo trucks in the logistics division of KT&G Corp.The...
Oct 17, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric veh...
Oct 16, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax China to build new headquarters in Shanghai
Cosmax Inc., South Korea's cosmetics original development and design manufacturer (ODM), will build a new headquarters in Shanghai's Xinzhuang Indus...
Oct 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
MBK wins enough stake in tender offer to control Korea Zinc
North Asia-focused private equity firm MBK Partners Ltd. has secured a large enough stake in Korea Zinc Inc. through a tender offer to take control ...
Oct 14, 2024 (Gmt+09:00)
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IPOs
Hyundai to launch India’s largest $3.3 bn IPO next week
Hyundai Motor Co.'s Indian subsidiary said on Wednesday it is set to launch its initial public offering, the largest listing in the country, next we...
Oct 10, 2024 (Gmt+09:00)
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Corporate restructuring
Samsung to cut chip executive jobs, restructure in battle versus SK Hynix
Samsung Electronics Co. plans to drastically cut its chip executive jobs and restructure semiconductor-related operations as it struggles to compete...
Oct 10, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group’s software unit launches cybersecurity division
Hyundai AutoEver Corp., Hyundai Motor Group’s software unit, is set to boost its automotive cybersecurity business by launching a new division...
Oct 07, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor sells over 1,000 Elec City FCEV
Hyundai Motor Co. said on Sunday it has sold more than 1,000 units of its hydrogen fuel cell bus Elec City Fuel Cell Electric Vehicle (FCEV) with cu...
Oct 07, 2024 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 2 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand