Shinhan Bank has signed a financial agreement with VTK Hung Yen IP on the creation of a Korea-Vietnam economic cooperation industrial complex (Clean Industrial Complex) in Vietnam.The bank said in a press release on March 29 that it has formed a creditor group with BNK Busan Bank, and KDB Infrastruc
Jungheung Group has completed the acquisition of Daewoo Engineering & Construction (Daewoo E&C).KDB Investment, a restructuring private equity fund established by Korea Development Bank (KDB), said on Feb. 28 that KDB Investment and Jungheung Group officially completed the latter’s takeover of Daewo
Chong Kun Dang Bio is accelerating preparations to enter the global botulinum toxin market as construction of a dedicated production line has been completed.The company recently announced that it has obtained approval from the Ministry of Food and Drug Safety for exporting its botulinum toxin Tyemve
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed. Jeju Air continues to exhaust liquidity amid slow demand recovery. In light of the chances of additional capital expansion within 2022, we lower our TP on Jeju Air from W24,000 to W18,000. Pre-condit
Korea Development Bank Chairman Lee Dong-gull said on Jan. 27 that the European Commission’s disapproval of the Hyundai Heavy Industries-Daewoo Shipbuilding & Marine Engineering merger is definitely nationalistic.“Although it is up to Hyundai Heavy Industries whether to file a suit, my stance is tha
Chong Kun Dang Bio announced on Jan. 19 that it has signed a contract with China’s Cutia Theraputics to supply its botulinum toxin “Tymvers.”Tyemvers is a type A botulinum toxin formulation under development by Chong Kun Dang Bio and is the product name of “CKDB-501A,” which was approved for phase 1
Jungheung Group, a business group built around second-tier construction companies, has taken over Daewoo Engineering & Construction (Daewoo E&C), the 5th-largest builder in Korea.Jungheung Group announced on Dec. 9 that it has signed a stock purchase agreement (SPA) with KDB Investment to acquire it
SKC will borrow 1.5 trillion won from Korea Development Bank (KDB) to expand its secondary battery and eco-friendly materials business.SKC and KDB signed an industrial-financial cooperation program agreement to foster secondary battery and eco-friendly materials industries at SK Nexilis plant in Jeo
Korea Development Bank (KDB) has set up a venture capital (VC) firm in Silicon Valley of the United States to invest in promising startups around the world. KDB has become the first Korean state-run bank to set up a VC firm overseas.KDB announced on Nov. 16 (U.S. local time) that it has opened "KDB
The Fair Trade Commission (FTC) is expected to conditionally approve the merger between Hyundai Heavy Industries (HHI) and Daewoo Shipbuilding & Marine Engineering (DSME).The commission is likely to reach a conclusion to the proposed business combination, which has been reviewed for the past three y
LS Cable & System will receive up to 1 trillion won in loans from Korea Development Bank (KDB) over the next five years. The fund will be invested in facility expansion and research and development.The company announced that it signed an agreement with KDB on an industry-finance cooperation program
Shinhan Bank announced on Oct. 21 that it opened a representative office in Budapest, Hungary on Oct. 19 (local time), becoming the first Korean commercial bank to open an office in the Central European country.Shinhan Bank opened an office in a foreign country for the first time in three years afte
Korea Development Bank (KDB) has tentatively decided to hold the opening ceremony of KDB Silicon Valley LLC, the first Korean venture investment agency established in the United States, on Nov. 16. The new company's capital has been set at US$5 million.KDB's venture capital in Silicon Valley
The Export-Import Bank of Korea (Eximbank) has no plans to convert Korean Air's permanent convertible bonds it acquired in June last year into common stocks, according to media reports.The state-run bank's stance is quite different from that of Korea Development Bank (KDB) regarding its hold
Hyundai Heavy Industries Group has completed the acquisition of Doosan Infracore.The group announced that Hyundai Genuine, which is the group’s second subholding company in charge of the construction equipment business, and KDB Investment (KDBI) completed the acquisition of Doosan Infracore from Doo
GM Korea's sport utility vehicle (SUV) Chevrolet Trailblazer came in first in the export standings of domestically produced cars for the first time in June.GM Korea exported 15,165 Trailblazers in June, according to the Korea Automobile Manufacturers Association (KAMA). Hyundai Motor's Avant
Korea Development Bank is under fire regarding the sale of Daewoo Engineering & Construction (Daewoo E&C).The labor union of Daewoo E&C is set to stage a strike in protest of KDB Investment’s poor handling of the sale process. Together with the Financial Services Commission (FSC), KDB is looking int
Union members of Daewoo Engineering & Construction (Daewoo E&C) have voted in favor of a strike to oppose KDB Investment’s sale of the company to Jungheung Construction.The Daewoo E&C Branch of the Korea Federation of Construction Company Unions (KFCCU) announced on July 19 that a five-day strike vo
The labor union of Daewoo Engineering & Construction (Daewoo E&C) is pushing for a strike to halt the ongoing process promoted by KDB Investment (KDBI) for the sale of the builder.The company’s union said in a press release on July 13 that it will hold a strike vote from July 15 to 19. The union sai
Korea Shipbuilding & Offshore Engineering (KSOE), an intermediate holding company in charge of the shipbuilding business of Hyundai Heavy Industries Group, attained 94 percent of its order target for 2021 as of July 2. Accordingly, the shipbuilder is highly likely to exceed this year’s order goal.KS