consortium

Mergers & Acquisitions IMM consortium owns 100% of Hyundai LNG Shipping; Stake sale eyed

A consortium of IMM Private Equity Inc. and IMM Investment Corp. has secured full ownership of Hyundai LNG Shipping, South Korea’s top liquefi...

Mergers & Acquisitions MBK-led consortium to take over Japan’s FICT for $656 mn

MBK Partners, the largest private equity firm in North Asia, will acquire a controlling stake in FICT Ltd., a semiconductor printed circuit board (P...

Energy KHNP, Westinghouse end legal dispute; Korea nears Czech nuclear deal

South Korea's state-run Korea Hydro & Nuclear Power Co. (KHNP) said on Friday it has reached an agreement with US-based Westinghouse Electric Co...

Construction & Planning Samsung C&T-Sumitomo consortium wins $3.7 billion Qatar project

An international consortium involving South Korea’s Samsung C&T Corp. and financial firms has won a $3.7 billion project to build a desali...

Construction & Planning Hyundai E&C signs engineering deal for two nuclear reactors in Bulgaria

South Korea’s Hyundai Engineering & Construction Co. has signed a nuclear power plant design contract with Bulgaria's state nuclear power ...

Construction Samsung C&T consortium wins $1.6 bn Turkish highway project

A consortium of Samsung C&T Corp., South Korean state-run firms and a Turkish builder won a $1.6 billion project to build and run a highway in t...

Energy Korea’s Hyundai E&C likely to join UK SMR race with Holtec

South Korea’s Hyundai Engineering & Construction Co. (Hyundai E&C), in partnership with US-based Holtec International Corp. is likely ...

Electronics LG Electronics launches Global Heat Pump Consortium

LG Electronics Inc. said on Tuesday it launched a Global Heat Pump Consortium to strengthen cooperation on heating, ventilation, and air condition...

Mergers & Acquisitions IMM consortium picked as preferred bidder for Ecorbit

A consortium of IMM Private Equity and IMM Investment has moved a step closer to owning South Korea’s No. 1 landfill company Ecorbit Co. after...

Business & Politics KOMIPO wins Indonesia turbine maintenance project

Korea Midland Power Co. (KOMIPO) announced on Tuesday that a consortium consisting of its Indonesian subsidiary, KOMIPO Energy Indonesia (KEI), an...

Chemical Industry Hyosung to sell its specialty gas unit for $943 mn to Korean PEs

South Korea’s Hyosung Group is poised to sell a 100% stake in its specialty and industrial gas unit to a consortium led by IMM Private Equity ...

Fiber & Textile SK Geo Centric produces sustainable synthetic fiber

South Korea’s SK Geo Centric Co. will collaborate with global companies in the petrochemical, textile, and apparel sectors from Japan, Finland...

Insurance Kyobo Life, Japan’s SBI to team up on security token, digital finance

South Korea’s Kyobo Life Insurance Group and Japan’s SBI Group have entered into a strategic business partnership agreement to expand th...

Energy GAS Entec wins order for Indonesian offshore plant

South Korea’s GAS Entec Co., the offshore plant design and modification form, has secured a contract to construct and operate a liquified natu...

Artificial intelligence Seoul City, Cyber Vally to support AI startups for overseas expansion

Seoul City announced on Tuesday that it will collaborate with Cyber Valley GmbH, Europe's largest artificial intelligence (AI) research consortium, ...

Shipping & Shipbuilding Samsung Heavy wins $1.5 bn order for FLNG

South Korea's shipbuilder Samsung Heavy Industries announced on Tuesday that it has secured an order for one floating liquefied natural gas (FLNG) p...

Carbon neutrality Samsung C&T to join Oman's green ammonia project

South Korea’s Samsung C&T Corp. announced on Wednesday it will participate in the Salalah H2 green ammonia project in Oman, a major init...

Business & Politics S.Korean gov't to support export of postnatal care centers

The South Korean government will support the overseas expansion of domestic postnatal care centers. South Korea's Ministry of Economy and Fin...

Energy KHNP closes in on Romania’s nuclear plant refurbishment project

Korea Hydro and Nuclear Power Co. (KHNP) is eyeing to participate in a project to refurbish Romania-based Cernavoda Nuclear Power Plant’s unit...

Blockchain Mirae Asset teams up with Polygon Labs for tokenized securities

South Korea’s Mirae Asset Securities Co. has partnered with Polygon Labs, a New York-based global blockchain company, for financial tokenizati...

Private equity SK Group, NPS may exercise put option on Masan without gain

South Korean institutional investors, including SK Group and National Pension Service (NPS), are likely to only recover their principal without prof...

Energy POSCO International to take part in CCS project in Texas

POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is expected to wi...

ESG Samsung Electro-Mechanics joins global supply chain consortium RBA

Samsung Electro-Mechanics, South Korean electronic components maker, has joined the Responsible Business Alliance (RBA) and Drive+, two global conso...

Business & Politics Hyundai Rotem wins $917 mn Australian electric train project

Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside...

Aerospace & Defense KAI succeeds in localizing wing spar components for Israeli business jet

Korean Aerospace Industries Ltd. (KAI), a South Korean aerospace and defense company, announced on Friday that it held a commemorative event for the...

Hydrogen economy POSCO-led consortium signs 47-yr Oman green hydrogen project

A consortium led by POSCO Holdings Inc. and Samsung Engineering Co. has signed a 47-year contract with Oman worth an estimated $7 billion-$8 billion...

Hydrogen economy POSCO-led consortium wins $6.7 bn green hydrogen deal from Oman

A consortium led by South Korean steelmaker POSCO Group won a $6.7 billion deal to build the world’s largest green hydrogen plant in Duqm, a p...

Fintech S.Korea's Mirae Asset, Hana Financial Group form security token tie-up

South Korea's Mirae Asset Securities on Thursday said it signed an agreement with Hana Financial Group on the security token consortium Next Finance...

Batteries SK On wins $909 mn from BlackRock, QIA, MBK consortium

SK On Co., the world’s fifth-largest battery maker, has confirmed it will receive a 1.2 trillion won ($908.7 million) investment for a minorit...

Future mobility S.Korea's UAM group to develop tourism transportation on southern coast

Urban air transportation (UAM) in South Korea will open a tourism road on the country's southern coast, which is dubbed "the nation's Mediterranean ...