subsidiaries

Upcoming IPOs Lotte aims to take Lotte Global Logistics public by end-June

Lotte Group, grappling with a prolonged downturn in the petrochemical industry, plans to take Lotte Global Logistics Co. public by the end of June a...

Electronics Samsung's Harman goes from ugly duckling to golden swan

When Samsung Electronics Co. acquired Harman International Industries Inc., a global leader in the audio and automotive electronics business, in 201...

Corporate restructuring Samsung Life mulls putting Samsung Fire under its wing as subsidiary

Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&r...

Energy Hanwha Q Cells sells two solar power plant projects in US

Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Wednesday that it sold its two large-scale sola...

Webtoons Piccoma tops consumer spending ranking in Japan

Kakao Piccoma, a Japanese digital comics app subsidiary of South Korean mobile giant Kakao Corp., topped the consumer spending ranking in the Japane...

Batteries SK Ecoplant, BMW team up for battery recycling

SK Ecoplant Co., a South Korean construction engineering and waste management company under SK Group, partnered with German luxury carmaker BMW to...

Airlines Asiana Airlines joins Korean Air as subsidiary

Asiana Airlines Inc., one of South Korea’s only two full-service carriers, has passed into history after 36 years of operation to be placed un...

Artificial intelligence LG CNS to enter US smart building biz

South Korea's LG CNS said on Tuesday it signed a memorandum of understanding (MOU) with the US-based real estate management SomeraRoad and Mastern A...

Batteries Korea Zinc, Hanwha to co-work on Austrailian BESS project

Korea Zinc Inc., the world’s top lead and zinc smelter, said on Tuesday its Australian subsidiary Ark Energy selected Hanwha Corp. as the pref...

Energy Hanwha Q cells’ US subsidiary EnFin raises $321 mn through ABS

Hanwha Q Cells Co., the solar power unit of South Korea’s chemicals-to-defense conglomerate Hanwha Group known as Qcells in overseas markets, ...

Logistics Hanjin to open Mexico subsidiary

South Korea's Hanjin Transportation said on Friday it will establish a subsidiary in Mexico this year to expand its logistics market in Latin Americ...

Batteries LG Energy bags 8-GWh ESS deal from Terra-Gen in US

LG Energy Solution Ltd. will supply US renewable energy power producer Terra-Gen LLC with an energy storage system (ESS) with an 8 Gigawatt-hour (GW...

Shipping & Shipbuilding Hanwha Ocean wins $51.2 mn deal for two LNG carriers

Hanwha Ocean Co., South Korea’s third-largest shipbuilder, secured a new contract to build two LNG carriers, making it the domestic shipyard w...

Bio & Pharma Volpara to supply breast cancer SW to US Defense Health Agency

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

Machinery Daedong opens autonomous robot subsidiary Daedong Robotics

Daedong Group, South Korea's leading agricultural machinery manufacturer, said on Monday it established Daedong Robotics, an intelligent autonomous ...

Bio & Pharma Celltrion to establish CDMO subsidiary

Celltrion Inc., South Korea’s largest biosimilar maker, said on Friday it plans to establish a contract development and manufacturing organiza...

Automobiles Hyundai, Kia production may be disrupted by subsidiary labor strike

Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, are likely to face disruptions in local production as their auto parts s...

Fintech Naver Pay partners with GLN International

South Korea's Naver Pay announced on Wednesday that it partnered with Hana Bank’s global payment network subsidiary, GLN International, to lau...

Bio & Pharma Celltrion establishes subsidiary in Vietnam

Celltrion Inc., South Korea’s largest biosimilar maker, said on Monday that it completed the establishment of a local subsidiary in Vietnam....

Bio & Pharma Celltrion to supply breast, stomach cancer treatment to Brazil

Celltrion Inc., South Korea’s largest biosimilar maker, announced on Friday that its breast and stomach cancer treatment "Herzuma" (active ing...

ESG LG Group publishes 2023 ESG Report

LG Group announced on Thursday that it has published the "2023 ESG Report," detailing its sustainability management achievements in 2023 and its fut...

Banking & Finance Hana Bank opens overseas office in Monterrey, Mexico

Hana Financial Group announced on Thursday that it opened the Monterrey Office, the first business channel of Hana Bank Mexico, in Monterrey, Mexico...

Mergers & Acquisitions Doosan Bobcat scraps merger with Doosan Robotics

Doosan Group on Thursday scrapped a merger between heavy machinery maker Doosan Bobcat Inc. and collaborative robot manufacturer Doosan Robotics Inc...

Korean chipmakers S.Korea's Asicland establishes Taiwan subsidiary

Asicland Co., South Korea's only design house contracted by TSMC, said on Monday that it launched a local subsidiary in Hsinchu, Taiwan.The Taiwan...

Banking & Finance Mastern, Woods Capital team up for tech hub

Mastern Investment Management Co., South Korea's real estate investment firm, said on Monday that its US subsidiary Mastern America LLC signed a mem...

Chemical Industry SKC to merge two biodegradable material subsidiaries

South Korea's SKC Ltd. said on Wednesday that it plans to merge its biodegradable material subsidiaries, SK Leaveo and SK Tbmgeostone with the merge...

Bio & Pharma Volpara to supply cancer diagnostics SW to Intermountain Health

Lunit, a South Korean cancer diagnostics AI company, announced on Wednesday that its subsidiary Volpara Health, a New Zealand-based AI software deve...

Bio & Pharma CHA Healthcare incorporates Singapore's SMG as subsidiary

South Korea's CHA Healthcare Co., CHA Biotech's overseas medical business affiliate incorporated Singapore's SMG as a subsidiary. CHA Healthcare an...

Banking & Finance Shinhan Financial opens new headquarters in Ho Chi Minh City

South Korea's Shinhan Financial Group opened a new headquarters in Ho Chi Minh City, Vietnam.Shinhan Financial held an inauguration ceremony for t...

Mergers & Acquisitions GS E&C in talks to sell entire stake in GS Elevator to Chinese firm

South Korea’s GS Engineering & Construction Corp. (GS E&C) is in talks to sell its entire stake in GS Elevator Co. to a Chinese strate...