joint venture Archives | Be Korea-savvy
Korea Investment & Securities Signs Deal to Form JV in U.S.

Korea Investment & Securities Signs Deal to Form JV in U.S.

SEOUL, Sept. 28 (Korea Bizwire) — South Korean brokerage firm Korea Investment & Securities Co. has signed a deal to form a joint venture (JV) company with a U.S. financial company within this year, seeking to broaden its inroads into the American financial market, the brokerage’s holding company said Wednesday. Korea Investment & Securities has [...]

Lotte Chemical, SK Gas to Set Up Hydrogen Joint Venture

Lotte Chemical, SK Gas to Set Up Hydrogen Joint Venture

SEOUL, June 3 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate, said Thursday it will establish a joint venture with SK Gas Co., a liquefied petroleum gas (LPG) importer and distributor, for power generation with by-product hydrogen and hydrogen-powered transportation. The joint venture will be established in the third quarter of this [...]

Samsung Biologics, AstraZeneca Shutting Down Their Joint Venture Archigen Biotech

Samsung Biologics, AstraZeneca Shutting Down Their Joint Venture Archigen Biotech

SEOUL, May 24 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, is shutting down its joint venture with multinational pharmaceutical company AstraZeneca Plc., a company official said Tuesday, due to the suspension of the development of a biosimilar product. The move came two months after Samsung Biologics’ board approved [...]

Hyundai Motor, Beijing BAIC Motor to Inject 1.2 tln Won into Joint Venture in China amid Falling Sales

Hyundai Motor, Beijing BAIC Motor to Inject 1.2 tln Won into Joint Venture in China amid Falling Sales

SEOUL, March 20 (Korea Bizwire) — South Korea’s top carmaker Hyundai Motor Co. and China’s Beijing BAIC Motor will inject over 1 trillion won (US$825 million) into their joint venture to enhance the competitiveness of its electric car making amid sluggish sales, company officials said Sunday. They will increase the capital stock of Beijing Hyundai [...]

LG Completes Stock Sales Deal with Magna for EV Powertrain Joint Venture

LG Completes Stock Sales Deal with Magna for EV Powertrain Joint Venture

SEOUL, July 28 (Korea Bizwire) — LG Electronics Inc. said Wednesday it has completed its stock sales deal with Canadian auto parts maker Magna International Inc. over their electric vehicle (EV) powertrain joint venture. The South Korean tech giant announced that Magna has acquired a 49 percent stake in LG Magna e-Powertrain Co. for US$453 [...]