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Mergers & AcquisitionsUS auto startup set to buy 51% of Ssangyong Motor for $250 mn
HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Moto...
Jan 29, 2021 (Gmt+09:00)
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Cell therapyGC Lab Cell, Artiva ink $1.9 bn deal with MSD
South Korea-based biotechnology company Green Cross Lab Cell Corp. (GC Lab Cell) and its US-based subsidiary have inked a $1.9 b...
Jan 29, 2021 (Gmt+09:00)
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EarningsLG Electronics' 2020 sales, operating profit hit all-time highs
South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in it...
Jan 29, 2021 (Gmt+09:00)
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EarningsSK Hynix sees robust chip demand; Q4 profits jump y/y
SK Hynix Inc., the world’s second-largest DRAM maker, reported stronger-than-expected quarterly earnings on Friday and exp...
Jan 29, 2021 (Gmt+09:00)
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Future mobilityHyundai-partnered world-first urban airport project gets UK govt backing
A British urban air mobility project, in which South Korea’s Hyundai Motor Co. is a technology partner, has been chosen as...
Jan 29, 2021 (Gmt+09:00)
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Pre-IPOsGoogle to invest $270 mn in Kakao Mobility with Carlyle
Google Inc. is planning to invest around $270 million in Kakao Mobility Corp., the transportation arm of South Korea's No. 1 mes...
Jan 29, 2021 (Gmt+09:00)
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BatteriesSK Innovation’s Q4 EV battery business revenue hits record high
South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the four...
Jan 29, 2021 (Gmt+09:00)
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Korean startupsStartup foundation D.CAMP generates $6 bn in economic value
D.CAMP, South Korea's largest non-profit foundation for startups, has generated 6.7 trillion won ($6 billion) in economic valu...
Jan 29, 2021 (Gmt+09:00)
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BatteriesSK Innovation to build 3rd EV battery plant in Hungary for $2.3 bn
SK Innovation Co. will build its third electric-vehicle battery plant in Hungary for $2.29 billion, aiming to grab a greater sha...
Jan 29, 2021 (Gmt+09:00)