The author is an analyst for NH Investment & Securities. He can be reached at bk@nhqv.com -- Ed.Although the Covid-19 pandemic has ended, it has impacted global policies and life patterns. Anti-globalization has accelerated, and the new Cold War has deepened, with regional wars erupting. While drama
SK Earthon, an exploration and production (E&P) subsidiary of SK Innovation, has successfully discovered crude oil in an offshore block in Vietnam after four years. The discovery was made during the exploration stage, which is the first step in resource development, following the success of crude oi
In anticipation of the scheduled launch of a bitcoin spot exchange-traded fund (ETF) early next year, institutional investors have been actively engaging in trading, according to recent analysis.Korbit Research Center under the domestic cryptocurrency exchange Korbit revealed this information throug
La French Tech is thrilled to announce the grand celebration of its 10th anniversary during the Tech4Good Tour 2023. The event will take place on Monday, November 6th, from 9:30 AM to 5:00 PM at the Novotel Ambassador Hotel Dongdaemun, a day filled with innovation, networking, and inspiring presenta
POSCO International’s overseas gas exploration project has received a warning. The U.S. government has announced sanctions against the Myanma Oil and Gas Enterprise (MOGE), which holds a stake in the gas project operated by POSCO International, citing civilian oppression by the Myanmar military regi
POSCO Engineering & Construction (POSCO E&C) has been mandated to pay substantial compensation for its recognized responsibility in substandard highway construction in Vietnam. According to Vietnamese local media, VN Express, on Oct. 28, the Hanoi People’s Court has ordered POSCO E&C to compensate 7
SK Innovation is set to embark on a mangrove reforestation project in Fiji. The project aims to contribute to solving the pressing environmental challenges that are national crises in the region, such as rising sea levels caused by global warming.SK Innovation announced that it had signed a Memorand
On Oct. 25, Shinhan Card announced that its Kazakhstan subsidiary, Shinhan Finance, successfully raised US$60 million in investment from the International Finance Corporation (IFC).The investment signing ceremony was conducted virtually and was attended by Moon Dong-kwon, president of Shinhan Card,
South Korea’s major government-run banks and commercial banks, including the Korea Development Bank, the Export-Import Bank of Korea, Kookmin Bank, and Woori Bank, are planning to provide multi-million-dollar loans for Hanwha Group’s 24 trillion won (US$17.71 billion) investment in a U.S. liquefied
South Korean defense industry firms have entered into a second-stage weapons export contract with Poland worth 30 trillion won (US$22.12 billion). This would elevate South Korea to the fourth-largest defense industry exporter worldwide in one go. However, the finalization of the contract, which was
Autonomous a2z, a developer of autonomous mobility solutions, announced on Oct. 11 that it has successfully raised 340 billion won (US$252 million) in a Series B funding round. The company stated that the investment will be allocated towards the mass production development of their autonomous vehicl
As the sole operator of nuclear power plants in the country, Korea Hydro & Nuclear Power (KHNP) has turned its attention towards revitalizing nuclear small and medium-sized enterprises which have been struggling with a shortage of projects. The initiative begins with the Shin Hanul Nuclear Power Pla
Samsung Electronics is joining hands with Jim Keller, often referred to as the “legend of semiconductor design,” and his company Tenstorrent, to produce advanced AI semiconductors at its Taylor Foundry in the United States. The move signifies Samsung’s accelerated efforts to collaborate with both do
Domestic hedge fund and private equity firm Brain Asset Management has embarked on a US$500 million (675 billion won) pre-IPO investment in SK pharmteco, which involves investing in the company’s equity before it goes public. Following an initial investment of US$300 million (405 billion won), it ha
Hahn & Company (Hahn&co), a private equity fund (PEF) operator, has attracted about 1 trillion won (US$749 billion) in institutional funds for its first domestic funding.According to recent investment banking industry sources, Hahn & Company’s 4th blind fund, which has been in the collection phase s
JKL Partners, which has entered the race for the acquisition of HMM worth 5 trillion won (US$3.76 billion) after forming a consortium with Harim Group, is accelerating its efforts to secure funding through the sale of Lotte Insurance.According to the investment banking industry on Sept. 19, Private
The government is set to invest 400 billion won (US$301.66 million) next year and a total of 2.2 trillion won over the next five years to establish geographical zones dedicated to creating specific industries at world-class level. To boost the venture ecosystem, it plans to increase the external fun
SKC will invest in U.S. semiconductor packaging startup Chipletz.SKC announced on Nov. 11 that it will participate in Chipletz’s Series B investment and secure a stake of approximately 12 percent. The exact percentage will be finalized upon the close of Chipletz’s Series B funding.According to an ag
Hanmi Pharmaceutical has invested US$7 million to secure 670,000 shares in Canadian biotech firm Aptose Biosciences. According to pharmaceutical industry sources on Sept. 8, Hanmi Pharmaceutical announced its decision to acquire 668,449 shares of Aptose through a stock purchase agreement. This follo
As the three-way compressed battle for the acquisition of HMM involving Harim Group, LX Group, and Dongwon Group intensifies, the possibility of candidates with insufficient cash assets making a successful acquisition has increased. This has raised questions about their financial capabilities and th