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The Korea Herald

Industrials

October 04, 2024
[KH Explains] Is private equity giant MBK a risk-taker or renegade?

MBK Partners, the country’s leading private equity house with over $30 billion to its name, has once again found itself meddling in an ownership turmoil, as it moves beyond its typical buyout-and-exit strategy. Last month, MBK announced plans to acquire around 15 percent of the world’s biggest z...
October 04, 2024
SK On to raise W1tr via rights offering

SK On is looking to raise 1 trillion won ($755 million) through a rights offering as the battery maker continues efforts to improve its financial structure amid ongoing losses due to the sluggish growth of the electric vehicle market. Parent company SK Innovation announced in a regulatory filing o...
October 04, 2024
Korea, EU to hold joint study to combat climate-led food crisis

By Lee Kwon-hyung (kwonhl@heraldcorp.com) and Hwang Joo-young ( flylikekite@heraldcorp.com )
October 04, 2024
Lotte ups outreach for children and women

Lotte Corp., the South Korean holding company of Lotte Group, is strengthening its corporate social responsibility campaigns, placing particular focus on children, women and military personnel. Since 2017, the company has been supporting local community centers dedicated to after-school care for c...
October 02, 2024
Korea Zinc's tender offer, Young Poong's second filing further bring feud to head

Korea Zinc, the world's largest zinc smelter, is launching a tender offer to repurchase shares valued at up to 3.1 trillion won ($2.25 billion) to defend its position in the ongoing management dispute with Young Poong, its largest shareholder, and private equity firm MBK Partners. Korea Zinc Chair...
October 02, 2024
Wellness Seoul 2024 to highlight healthier, balanced living

Spending quality time for physical and mental well-being has become a mantra for people living in today’s fast-paced world. To promote a healthier and more balanced lifestyle, Herald Media Group, publisher of The Korea Herald, is launching its inaugural Wellness Seoul 2024 with support from the S...
October 02, 2024
Food tycoon Paik Jong-won's Theborn Korea pushes toward IPO

Celebrity entrepreneur and chef Paik Jong-won’s yearslong effort to list his food franchise firm Theborn Korea on the country’s main bourse has cleared its first hurdle, yet challenges remain as the fate of the company heavily depends on his fame. Supported by a strong brand lineup and the risin...
September 30, 2024
Hahn & Co. to acquire SK Specialty for W4tr

Hahn & Co., a major private equity firm based in Korea, is set to acquire SK Specialty, a gas supplier under the country's chip-to-energy conglomerate, SK Group, for an estimated 4 trillion won ($3.05 billion). SK Inc., the holdings company of the group, announced through a regulatory filing on Mo...
September 30, 2024
Samsung Town sold for W1.1tr to offset market concerns

Koramco REITs Management & Trust, a real estate asset manager based in Seoul, has completed the sale of a landmark property to Samsung SRA Asset Management for 1.1 trillion won ($841 million), marking South Korea's largest commercial real estate deal this year. The Asset is an 81,117-square-meter ...
September 30, 2024
Incheon Airport to replace Narita as Delta Air Lines’ Asian hub

ATLANTA – Incheon International Airport has been named the new Asian hub of Delta Air Lines, replacing Japan’s Narita Airport. Incheon International Airport Corporation announced on Monday that it will collaborate with Delta to expand the Asia-Pacific network, alongside the upcoming launch of th...
September 30, 2024
Seri Pak & Annika Invitational Asia to be held at Serenity resort

Serenity Golf and Resort said Monday that it will serve as a venue for the second annual junior golf tournament, Seri Pak & Annika Invitational Asia, in Cheongju, North Chungcheong Province, from Oct.1 to 3. Aiming to nurture young talent, the event is jointly organized by the Seri Pak Hope Founda...
September 30, 2024
Air mobility leaders to convene in Dubai next week

As Dubai, the host city, has been under the limelight to become one of the main areas for the launch of electric vertical take-off and landing, or eVTOL, air taxis in the near future, the final day of the event will be focused on the Airtaxi Market Showcase, a new element of the ATWC that will demo...
September 29, 2024
[Herald Interview] Korea, Chile eye two-way benefits in green energy

With a renewed push toward a leading green energy supplier with its vast energy resources, Chilean government officials urged South Korea, which shares similar goals in reducing dependence on fossil fuels, to expand investments to Chile and boost strategic partnerships. “The challenge today for C...
September 29, 2024
LG Energy Solution seeks top talent at battery event

LG Energy Solution continues to put efforts into gathering top battery talents as the company looks for future leaders in the industry by hosting recruitment events. According to the battery maker Sunday, it held a Battery Tech Conference, or BTC, the company’s annual offline recruitment event, a...
September 29, 2024
SK On offers voluntary retirement amid losses

SK On, the battery manufacturing subsidiary of SK Group, has announced the launch of a voluntary retirement program as part of its efforts to enhance workforce efficiency and to turn a profit by the end of this year. In a statement released Thursday, SK On outlined two key initiatives: a special l...

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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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