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The Korea Herald

Deals

April 15, 2024
KAI inks deal with Brazilian aircraft firm to supply eVTOL components

Korea Aerospace Industries (KAI) said Monday it has signed a deal with Brazilian aircraft manufacturer Eve Air Mobility to supply a key component used in the production of electric vertical take-off and landing (eVTOL) vehicles. The contract is valued at over 1 trillion won ($722.9 million) and th...
April 11, 2024
HD Hyundai Heavy, GE Aerospace sign MOU for naval vessel development

South Korean shipbuilder HD Hyundai Heavy Industries said Thursday it has partnered with US industrial behemoth GE Aerospace for cooperation in winning overseas navy projects. HD Hyundai signed a memorandum of understanding with GE at Sea Air Space 2024, a global maritime exposition held in Washin...
April 08, 2024
Hyundai, Kia expand role in India’s EV localization

Hyundai Motor and Kia announced Monday that they have signed a strategic partnership with Exide Energy, a leading battery company in India, to speed up India’s transition into electric vehicles and expand the Korean automakers’ presence there. Under the partnership, Exide Energy will develop lit...
April 04, 2024
Shinhan Bank secures 10% stake in India’s Credila

Shinhan Bank, a major commercial lender in South Korea, is bolstering its footprint in India through a strategic share acquisition of the local student loan provider, Credila. The bank announced Thursday that it successfully secured an equity investment agreement with Mumbai-based HDFC Credila Fin...
April 03, 2024
HMM inks deal with Shanghai-based port operator on clean fuel supply

South Korea's top container shipper HMM said Wednesday it has signed a deal with global terminal operator Shanghai International Port Group (SIPG) on cooperation in the supply of eco-friendly fuel for the Chinese port. The memorandum of understanding calls for HMM to cooperate with SIPG in providi...
April 01, 2024
JB Financial inks partnership with Vietnam’s OKXE

South Korea's JB Financial Group said Monday it has signed a partnership with OKXE, a Vietnam-based platform for used motorcycles, eyeing the expansion of its brokerage business in the country. At a signing ceremony held in Seoul on Friday, JB Financial Group and its affiliate JB Investment agreed...
March 29, 2024
City Oil Field to export oil coverted from waste plastic to Vietnam

South Korean environmental and energy solution provider City Oil Field, said Friday it signed a contract to supply decomposition oil derived from waste plastic to Vietnam’s Nam Anh Joint Stock Company. City Oil Field CEO Jeong Yeong-hun and Nam Anh JSC CEO Van Vien Thong signed the purchase agree...
March 28, 2024
LG CNS, Indonesia’s Sinar Mas to form joint venture for DX push

South Korean IT solutions provider LG CNS said Thursday it has agreed to establish a joint venture with one of the largest conglomerates in Indonesia to strengthen digital transformation innovation in the 16th largest economy in the world. Under the agreement, LG CNS and Sinar Mas Group will set u...
March 27, 2024
SK On, Ferrari team up to advance cell technology

SK On, an electric vehicle battery maker affiliated with SK Group, said Wednesday that it has partnered with Italian sports car maker Ferrari to advance innovation in battery cell technology. The two companies signed a memorandum of understanding at SK’s headquarters building in Seoul on Tuesday,...
March 26, 2024
LG CNS, Vietnam’s FPT team up for DX innovation

South Korean IT solutions provider LG CNS said Tuesday it has teamed up with Vietnam’s largest IT firm to carry out the group’s digital transformation project there. LG CNS recently signed a memorandum of understanding with Hanoi-based FPT Corp. at the Korean IT solutions provider’s headquarter...
March 25, 2024
Hyundai Motor, Saudi Arabia join efforts for future mobility ecosystem

Hyundai Motor Group said Monday that it has joined hands with Red Sea Global to implement eco-friendly future mobility to Saudi Arabia’s development project to open luxurious and pro-nature tourism resorts along the west coast of the Middle Eastern country. According to the announcement, the repr...
March 20, 2024
Hanjin signs MOU with Mongolia firm for logistics partnership

Hanjin Logistics said Wednesday it has signed an initial pact with a Mongolian company to explore business opportunities in the East Asian country's logistics market. Under the memorandum of understanding signed in Seoul on Tuesday, Hanjin Logistics and Mongolia's comprehensive logistics firm Tuus...
March 19, 2024
Tuggle joins Goyang, Yourside in promoting pet-related industries

DAO Research Institute, operator of pet service platform Tuggle, signed a memorandum of understanding with the city government of Goyang, Gyeonggi Province, and the Yourside volunteer group to collaborate on developing pet-related industries, officials said Tuesday. The memorandum was to ensure th...
March 18, 2024
K-water to share know-how with Vietnam

Korea Water Resources, the state-run water management agency, announced Monday that it has partnered with Vietnam’s National Center for Water Resources Planning and Investigation to address the country's water concerns and mitigate against climate change impacts. The collaboration was formalized ...
March 15, 2024
Bank Shinhan Indonesia, Indodana collaborate for digital lending service

Shinhan Bank on Friday said that its Indonesian subsidiary has teamed up with an Indonesian financial technology company to bolster its presence in the digital platform-based loan market in the Southeast Asian country. Bank Shinhan Indonesia and PT Artha Dana Teknologi Indodana signed a memorandum...

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EDITOR'S PICKS

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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