SEOUL, Dec. 1 (Korea Bizwire) – The Ministry of Justice announced that it has approved a joint venture deal between domestic law firm HwaHyun and British counterpart Ashurst LLP. Since the nation’s legal services market was opened under terms of the free trade agreement (FTA), this is the first time that the establishment of a [...]
SEOUL, June 2 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Thursday its battery joint venture with multinational automaker Stellantis N.V. was named “NextStar Energy.” In March, LGES and Stellantis announced a plan to jointly establish an electric vehicle (EV) battery plant in Ontario, Canada, a deal worth 4.8 trillion [...]
SEOUL, March 8 (Korea Bizwire) — SK Materials Co., an affiliate of South Korea’s SK Group, said Tuesday it has formed a joint venture with U.S. clean technology firm 8 Rivers Capital, LLC to deploy zero-emissions power projects in the Asia-Pacific region. The joint company will combine 8 Rivers’ technology with SK’s regional networks to [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean battery maker SK Innovation Co. and American automaker Ford Co. said Tuesday they will invest 13 trillion won (US$11 billion) to build three electric vehicle batteries in the United States by 2025. A joint venture between the two companies, called BluOvalSK, will build an assembly and battery [...]
SEOUL, SOUTH KOREA/HONG KONG SAR, April 22 (Korea Bizwire) – Canada Pension Plan Investment Board (“CPP Investments”) and ESR Cayman Limited (“ESR”; SEHK Stock Code: 1821) today announced an expansion of their Korea Income Joint Venture (“Korea Income JV”). CPP Investments and ESR will collectively upsize their investment in the vehicle by a further US$500 [...]
SEOUL, Dec. 23 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will launch an electric car parts joint venture worth about US$1 billion next year with Canadian auto parts company Magna International Inc. as it seeks to boost its presence in the auto parts industry. The South Korean electronics giant said it will hold [...]
SEOUL, Dec. 17 (Korea Bizwire) — Motional, the Hyundai Motor-Aptiv joint venture, said Thursday it has partnered with U.S. ride-sharing firm Lyft Inc. to launch driverless robotaxi services in major U.S. cities in 2023. Motional said it plans to deploy fully autonomous vehicles, which are based on the Korean automaker Hyundai Motor’s platform, in Lyft’s [...]
SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said Thursday it has set up two joint ventures (JVs) in China to advance into the local secondhand car and shipping markets. Hyundai Glovis and Beijing Changjiu Logistics Co. have formed two separate joint ventures — Beijing Changjiu Glovis [...]
SEOUL, Apr. 11 (Korea Bizwire) — LG Chem Ltd., South Korea’s top chemicals company, said Wednesday that it has decided to invest 239.4 billion won (US$224.8 million) in two separate joint ventures with Huayou Cobalt Co., a Chinese supplier of the mineral. The deal underscored LG Chem’s efforts to secure a stable supply of cobalt, [...]
SEOUL, Oct. 15 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korea’s No. 5 conglomerate Lotte Group, said Thursday it has completed the construction of a gas chemical complex in Uzbekistan, a major overseas project it has pursued as part of an effort to diversify profit sources. The joint development project, dubbed [...]