Vancouver, British Columbia (Newsfile Corp. - January 26, 2022) - NEO Battery Materials Ltd. (TSXV: NBM) (OTCQB: NBMFF) ("NEO" or the "Company") is extremely pleased to announce that the Company has
Korean institutions ranked top US liquidity provider under 2020 TALF kedglobal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kedglobal.com Daily Mail and Mail on Sunday newspapers.
A warehouse of Korea Superfreeze
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in South Korea this year, part of which the private equity firm will finance, according to sources with knowledge of the matter on Apr. 26.
Its facility investment plan comes as Coupang Corp., the country s No.2 e-commerce platform is expected to invest around 4 trillion won in securing new distribution centers over the next five years following its $4.6 billion New York listing last month.
Founded by private equity firm EMP Belstar in 2015, Korea Superfreeze was the first company in the country to use cold energy extracted from liquefied natural gas (LNG) frozen at minus 162 degrees to refrigerate vast storage warehouses.
Kim Young-ki joins EMP Belstar s board of directors
New York-based EMP Belstar, of which about half of the top managers are of Korean origin, has recently hired as a non-executive director a former senior Korean prosecutor who had spearheaded investigations into high-profile embezzlement and fund fraud cases.
In a rare case for the PEF industry, the South Korean operations of EMP Belstar poached Kim Young-ki to review legal factors of its investments as it increasingly embraces environmental, social and governance (ESG) standards.
“From the perspective of (a prosecutor) punishing financial investors, I always regreted looking at private equity firms as speculative forces,” Kim said in an interview on Feb. 19 with Market Insight, the capital news arm of The Korea Economic Daily.