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Global infra boom rejuvenates S.Korea's heavy equipment sectorThe Korea Economic Daily Global Edition

Doosan Infracores excavators (Courtesy of Doosan Infracore) South Korea’s heavy machinery manufacturers are making a strong start this year, reporting the highest first quarter revenue figures since 2018. According to the financial research firm FnGuide Inc., the country’s two leading heavy machinery and construction equipment makers Doosan Infracore and Hyundai Construction Equipment Co. (Hyundai CE) posted sharp growth in Q1 earnings. Doosan Infracore’s operating profit in...
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Seoul Semiconductor moves up to third in LED market

Byung-Keun Kim 2 HOURS AGO ENG Seoul Semiconductor Co. has moved up one notch to third place in the worlds light-emitting diode display market, becoming the only LED maker among the top three to post sales growth in the market that shrank slightly last year. The South Korean display maker racked up $898 million in 2020 sales, or $7 million more than Lumileds Holdings which took the third spot between 2018 and 2019, according to market research firm Omdia on Apr. 13. Japans Nichia and...
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Doosan taps PEFs to sell copper clad board division

Copper-clad laminates (Courtesy of Doosan Co.) Doosan Co., the holding company of South Koreas Doosan Group, is in contact with several private equity firms to sell its in-house electronic materials division that produces copper-clad laminates (CCLs), a core material for OLED displays.   The company of the heavy machinery and power equipment-focused group is in the early stages of talks with both domestic and overseas PEFs, asking for over 1 trillion won ($888 million) for the profit...
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Kia raises $700 mn in foreign green bonds

Kias first dedicated electric vehicle, EV6 (Courtesy of Kia)  Kia Corp. has issued its first foreign currency ESG bonds worth $700 million to strengthen its investment in electric vehicles and other eco-friendly initiatives. According to the investment banking industry on Apr. 13, Kia has issued non-guaranteed, dollar-denominated green bonds for sale to global institutions based outside the US. The bond issuance marks Kias second foreign debt after the first set in 2017. Of ...
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Hyundai Engineering seeks Q3 IPO; seen as precursor to group revamp

Hyundai Motor Group Chairman Chung Euisun. Hyundai Engineering Co., an unlisted construction affiliate of the Hyundai Motor Group, is seeking an initial public offering on the Korean bourse, a move widely seen as a precursor to the automotive group’s ownership revamp. According to the investment banking industry on Apr. 13, Hyundai Engineering last week sent out a request for proposals (RFP) to brokerages interested in managing its planned IPO. Among the prospective IPO managers are...
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