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The Korea Herald

Deals

July 16, 2024
SKT invests $200m in data center specialist Smart Global in AI push

SK Telecom, South Korea's largest wireless carrier by membership, said Tuesday that it has signed a contract to invest $200 million in Smart Global Holdings, a US company specializing in data center integration solutions. Under the terms of the agreement, SKT will acquire 200,000 preferred shares ...
July 15, 2024
HD Korea Shipbuilding's merger with STX Heavy gets antitrust approval

The Korea Fair Trade Commission has approved HD Korea Shipbuilding & Offshore Engineering's acquisition of STX Heavy Industries, subject to conditions that prevent supply refusal and price increases for marine engine parts for three years to ensure fair competition. The merger of HD Korea Shipbuil...
July 14, 2024
HD Hyundai Marine Solution secures W3b stake in AI startup

HD Hyundai Marine Solution, a ship maintenance unit affiliated with Korean shipbuilding giant HD Hyundai, has joined hands with logistics solutions provider SeaVantage, aiming to advance its maritime transport network, the company announced Sunday. HD Hyundai Marine Solution said it signed a deal ...
July 10, 2024
LS invests $681m to build largest submarine cable plant in US

LS Cable & System on Wednesday announced its plan to invest $681 million to build the largest submarine cable manufacturing plant in the United States. According to the announcement, the new facility will be in Chesapeake, Virginia. LS GreenLink USA, a US subsidiary of LS Cable & System, will brea...
July 10, 2024
Hyundai Rotem renews K2 supply consortium with Poland

Hyundai Rotem has renewed a consortium agreement with Poland's state armament group PGZ to carry out the production and delivery of K2PL, the Polish variant of Hyundai Rotem's K2 Black Panther tank, the Korean company said Wednesday. The renewed contract has laid out the foundation for the two sid...
July 10, 2024
Hanwha Aerospace inks W1.4tr arms deal with Romania

Hanwha Aerospace has secured a 1.4 trillion won ($1 billion) arms contract with Romania to export 54 units of the K9 self-propelled howitzer and 36 units of the K10 ammunition resupply vehicle, the Korean defense firm said Wednesday. According to Hanwha Aerospace, the delivery of the arms machiner...
July 08, 2024
Hyosung wins W330b transformer order from Norway

South Korea’s Hyosung Heavy Industries said Monday it secured a 330 billion won ($240 million) deal to supply 420-kilovolt high-voltage transformers to Norway’s electricity agency Statnett. The project aims to expand infrastructure for renewable energy and replace aging facilities in phases by 2...
July 08, 2024
Eximbank to finance $150m for UAE solar power project

The state-run Export-Import Bank of Korea said Monday that it will provide $150 million in project financing for a major solar power generation project in the United Arab Emirates, the first of such to be undertaken by South Korea. This financial procurement comes after the state-owned Korea Weste...
July 05, 2024
Hanwha Energy makes tender offer as part of group succession plan

Hanwha Energy launched a bid on Friday to acquire shares worth 180 billion won ($130 million) in the group's holding company Hanwha, as part of a succession plan to transfer management control from the current Hanwha Group chairman to his three sons. Hanwha Energy, the renewable energy arm under H...
July 05, 2024
Samsung SDI clinches W1tr energy storage deal with top US electric utility

Samsung SDI is set to supply energy storage solution batteries worth 1 trillion won ($724 million) to NextEra Energy, the largest electric utility in the United States. Industry sources report that Samsung SDI is finalizing a contract to provide batteries with a total capacity of 6.3 gigawatt-hour...
July 04, 2024
SK Square names new CEO to reshape investment portfolio

SK Square, the investment arm of SK Group, is set to reshape its business portfolio to concentrate on the chip industry and divest "non-core" investments, under a new leader. On Wednesday, the company nominated Han Myung-jin, the head of the company's investment support center and former chief str...
July 04, 2024
SK, Canada’s EDC forge partnership on green energy

SK Group said Thursday that it has teamed up with Export Development Canada, the country’s exports credit agency, to boost cooperation in high-tech areas such as renewable energy and batteries. SK Inc., the holding unit of the group, signed a memorandum of understanding with EDC to forge a long-t...
July 03, 2024
LG acquires Dutch smarthome specialist to enhance connectivity

LG Electronics is acquiring Athom, a smart home platform based in the Netherlands as part of its effort to strengthen connectivity for its open smart home ecosystem, the company announced Wednesday. The Korean tech giant said it has acquired an 80 percent stake in the Dutch firm, and plans to purc...
July 03, 2024
Jollibee Foods buys 70 percent of Compose Coffee for $238m

Jollibee Foods Corp. -- a multinational restaurant company based in the Philippines and owner of the country's largest fast food chain Jollibee -- will acquire a 70-percent stake in South Korean coffee chain Compose Coffee for $238 million, as part of its global expansion of coffee and tea business...
July 02, 2024
LG Energy Solution secures mass supply of lithium from Australian firm

LG Energy Solution said Tuesday that it had struck a deal to secure a large-scale lithium supply with Australian mining firm Liontown Resources, bolstering its global supply chain of key raw materials for electric vehicle batteries. According to the Korean firm, the contract guarantees about 1.75 ...

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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
Publisher. Editor : Choi Jin-Young |Chief Privacy Officer & Juvenile Protection Manager : Choi He-suk |T +82-2-727-0021 |E investor@heraldcorp.com

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