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SweeGen and CCFT Group Forge Joint Venture to Distribute Stevia Sweeteners in China

Rancho Santa Margarita, Calif., Aug. 25 (Korea Bizwire) — Today, SweeGen announced its joint venture with the China Commercial Foreign Trade Group (CCFT) as the strategic partner to distribute Bestevia® next generation non-GMO zero-calorie stevia sweeteners through its extensive distribution channels in China. CCFT’s affiliate company China Commerce Sugar Industry Co. is one of the largest sugar distributors and trading partners [...]

Junshi Biosciences and Impact Therapeutics Establish Joint Venture to Develop PARP Inhibitor Senaparib (IMP4297) in China

SHANGHAI and NANJING, China, Aug. 20 (Korea Bizwire) — Junshi Biosciences (HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development and commercialization of novel therapies, and Impact Therapeutics, a privately held clinical-stage biopharmaceutical company devoted to the discovery and development of targeted anti-cancer therapeutics based on synthetic lethality, annouced today [...]

SK E&S to Set Up JV with U.S. Solar Energy Firm

SEOUL, July 30 (Korea Bizwire) — SK E&S Co., a leading South Korean gas provider, said Thursday that it will invest US$115.8 million to set up a joint venture (JV) with U.S. solar energy company Sunrun Inc. in its latest move to expand its energy solution business in the United States. Under the plan, SK [...]

Capgemini and Audi Launch New Joint Venture: XL2

Ingolstadt/Paris, May 28 (Korea Bizwire) - Capgemini and Audi today announced the launch of their joint venture – XL2. Following regulatory approvals, the company was founded at the end of April. It will provide digital technology and consulting services, namely in the fields of SAP S/4HANA® and cloud services primarily for Audi and the entire Volkswagen Group. XL2 combines an agile start-up [...]

SK Gas to Build US$1.8 bln Plant with Saudi’s Advanced Petrochemical

SEOUL, March 29 (Korea Bizwire) — SK Gas, a key energy affiliate of energy and telecom conglomerate SK Group, said Sunday that it has reached a deal with Saudi’s Advanced Petrochemical Co. (APC) to set up a joint venture to build a US$1.8 billion plant in the kingdom. SK Gas Petrochemical, SK’s special purpose company, [...]

SK Telecom to Establish Gaming Joint Venture with Singapore, Thai Telcos

SEOUL, March 8 (Korea Bizwire) — SK Telecom Co., South Korea’s leading mobile carrier, said Sunday it will establish a joint venture with major telecommunication firms from Singapore and Thailand to better develop gaming and esports services for the Southeast Asian market. SK Telecom said it has joined hands with Singapore Telecommunications Ltd. (Singtel) and [...]

Korea Shipbuilding to Set Up Engine Joint Venture with Saudi Aramco

SEOUL, Dec. 21 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. said Saturday it plans to set up a joint venture to build engines with Saudi Aramco in March next year in the latest move to strengthen their cooperation. The JV will break ground for the plant in the King Salman International Complex for [...]

LG Chem, GM to Set Up EV Battery JV in U.S.

SEOUL, Dec. 6 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Friday it will establish a 50:50 joint venture with General Motors to build a battery cell assembly plant in the world’s most important automobile market amid a global push for zero emissions. LG Chem and GM said they will invest [...]

LG Chem, GM to Set Up EV Battery Manufacturing Joint Venture

SEOUL, Dec. 5 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical company, said Thursday it will invest US$916 million in its U.S. affiliate for a plan to set up an electric vehicle (EV) battery manufacturing joint venture with General Motors in the United States. Earlier in the day, Reuters reported that the two [...]

SK Energy Sets Up JV for Chinese Asphalt Market

SEOUL, Nov. 29 (Korea Bizwire) — SK Energy, South Korea’s leading oil refinery and gas station operator, said Friday it has invested 76 billion won (US$64 million) in a joint venture (JV) with a Chinese company to tap into the neighboring country’s asphalt market. SK Energy and Zhejiang Baoying Group set up a 49:51 joint [...]