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The Korea Herald

Deals

September 12, 2024
Posco Future M inks W1.8tr cathode supply deal

Posco Future M said Thursday it has signed a 1.8 trillion won ($1.4 billion) deal to supply high-nickel cathode materials for electric vehicle batteries with a battery maker. The details of the agreement including the other signing party will not be disclosed until Dec. 31, when the two companies ...
August 28, 2024
Woori to reenter insurance market after 11-year hiatus

Woori Financial Group has finalized a deal to acquire Tongyang Life Insurance and ABL Life Insurance, marking its reentry into the insurance sector after 11 years. The group announced Wednesday that its board of directors has resolved to incorporate Tongyang Life Insurance and ABL Life Insurance a...
August 27, 2024
Hanwha Ocean’s H1 orders soar on high-value LNG vessels

Korean shipbuilding and offshore company Hanwha Ocean said Tuesday that it has secured some $5.07 billion in orders in the first half of this year with a strategic focus on high-value vessels such as LNG carriers. Under the contracts, Hanwha will build 26 high value-added ships – 16 LNG ships, tw...
August 23, 2024
Hanwha heir makes W54.4b tender offer for Galleria shares

Kim Dong-sun, the youngest heir of Hanwha Group and vice president of Hanwha Galleria, has initiated a public tender offer to increase his control over the retail subsidiary. According to a regulatory filing released Friday, Kim has offered to purchase 34 million shares, representing 17.54 percent...
August 21, 2024
SKT, Lambda to open AI data center in Seoul

SK Telecom, South Korea's largest wireless carrier by membership, said on Wednesday that it will open an artificial intelligence data center in Seoul in December by joining hands with US-based graphics processing units-as-a-service provider Lambda. The decision comes as the two sides signed a part...
August 20, 2024
Why Korean Air, Asiana Airlines in rush to shed unused mileage points

South Korea's top two airlines, Korean Air and Asiana Airlines, are recently ramping up efforts to encourage their passengers to use up their mileage in an apparent move to ease financial burdens ahead of their planned merger later this year. Korean Air recently announced a strategic partnership w...
August 20, 2024
Qxpress to split from cash-strapped Qoo10

Singapore-based logistics company Qxpress is set to separate from its financially troubled parent, Qoo10 Group. According to the local investment industry Tuesday, private equity firms that have invested in Qxpress are reportedly gearing up to convert their holdings of exchangeable bonds and conve...
August 19, 2024
[KH Explains] Why Korean metro operators are selling station names

The naming moves have garnered significant attention spanning industries, as companies view the co-naming rights of subway stations as an effective form of outdoor advertising. CJ Olive Young's decision to purchase the rights to Seongsu Station was part of its efforts to capture the recent rise of...
August 02, 2024
LG Display picks CSOT as preferred bidder for Chinese LCD plant

LG Display said Friday it picked its Chinese rival CSOT as a preferred bidder for its liquid crystal display plant in Guangzhou, China. CSOT, a display-making subsidiary of China appliance giant TCL, is the world's second-largest LCD maker following its crosstown rival BOE. LG said it plans to co...
July 31, 2024
Samsung SDI, LG Energy Soluton get closer to 46-series battery mass-production

Samsung SDI and LG Energy Solution are nearing mass production of the next-generation 46-series cylindrical battery, which is anticipated to be the next generation in battery technology. Samsung SDI is accelerating its timeline, aiming to start mass production of the 46-series cylindrical batterie...
July 29, 2024
LIG Nex1 acquires 60% stake in Ghost Robotics

Korean defense firm LIG Nex1 said Monday that it had acquired a 60 percent stake in Ghost Robotics, a leading US quadruped robot maker, in partnership with Korea Investment Private Equity. LIG Nex1 finalized all investment steps, including approval from the Committee on Foreign Investment in the U...
July 29, 2024
HD Hyundai Marine Solution seals $60m European vessel service deal

HD Hyundai Marine Solution, the ship maintenance unit of HD Hyundai, announced Monday that it has secured a record $60 million maintenance deal with a Euro-based vessel company. The company said it recently signed a Long Term Service Agreement with a European company, without further elaborating o...
July 24, 2024
[KH Explains] $17b too low? Korea’s Czech nuclear bid faces profitability questions

The South Korean government recently celebrated a significant milestone: The state-run Korea Hydro & Nuclear Power was chosen as the preferred bidder for a nuclear power project in the Czech Republic valued at 24 trillion won ($17.3 billion). It is being hailed as a “remarkable achievement after 1...
July 24, 2024
Hanlim teams up with Vietnam's CONINCO for enhanced construction management

Hanlim Architecture Group announced Tuesday that it signed a memorandum of understanding with CONINCO, a Vietnamese construction supervision company, to reinforce strategic partnerships and create new opportunities for construction management services in Vietnam and beyond. Hanlim Architecture Gro...
July 24, 2024
K-water, Naver to set up water management platform for Saudi Arabia

Korea Water Resources Corp., or K-water, is officially set to commence a water management platform in Saudi Arabia jointly with Korean internet giant Naver, for the next five years, the state-run water management agency said Tuesday. The project was announced in a statement by Naver and Saudi Arab...

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Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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