Woori executes first derivatives deal through London hub

Woori Bank has arranged a loan of 70 million pounds ($93 million) and a matching interest rate swap for a London-based company, completing its first corporate derivatives deal through its London Trading Center, the lender said Monday. The transaction, signed Sept. 29 in cooperation with Woori’s London branch, allows the borrower to exchange floating-rate interest payments for fixed payments, reducing uncertainty over borrowing costs. Woori hedged the swap directly in the London market through it

2026-10-05 11:12:38:00

Hyundai Group chief reappointed honorary governor of North Chungcheong Province

Hyundai Group Chair Hyun Jeong-eun has been reappointed honorary governor of North Chungcheong Province, extending her service in the advisory role she first took on in 2020, the group said Monday. North Chungcheong Province Gov. Shin Yong-han presented Hyun with an appointment plaque at Banyan Tree Club & Spa Seoul on Friday. The honorary position recognizes contributions to regional development and involves advising on policy and supporting provincial initiatives. Hyun’s ties to the province d

2026-10-05 10:34:48:00

IPARK Hyundai Development expands AI-powered residential services

IPARK Hyundai Development is expanding its artificial intelligence-based residential services by integrating digital healthcare, smart home systems and automated security features into its housing developments, the company said. In June, the developer introduced Park Roche Seoul One, a 768-unit private rental housing complex comprising two buildings in Wolgye-dong, Nowon-gu, northern Seoul. Owned and operated directly by the firm, the development combines medical, dining and community services w

2026-09-30 17:06:19:00

SK Chemicals earns top AAA rating in MSCI ESG assessment

SK Chemicals has received an AAA rating, the highest grade in Morgan Stanley Capital International’s ESG assessment, the company said Wednesday. AAA is the top of MSCI’s seven-tier scale, which ranges from AAA to CCC. SK Chemicals is the only Korean company in MSCI’s Commodity & Diversified Chemicals category to hold the top grade. MSCI evaluates how companies manage environmental, social and governance-related risks and opportunities compared with global industry peers. Institutional investors

2026-09-30 15:21:50:00

Hana, SEMAS team up to boost local business districts

Hana Financial Group and the Small Enterprise and Market Service have launched a nationwide program to help young merchants attract customers and revive neighborhood shopping districts. The Hana On, Youth On project will support 15 teams comprising about 100 young business owners, selected through an open recruitment process over the past three months. Each team will develop projects suited to its district, ranging from community events and joint marketing campaigns to improvements to the local

2026-09-30 14:46:11:00

LG-GM venture upgrades US plant for EV batteries

Ultium Cells, the battery joint venture between LG Energy Solution and General Motors, will upgrade its Tennessee plant to produce a new generation of batteries designed to lower costs and boost energy density for future GM electric vehicles, the companies said Monday. The Spring Hill facility is expected to become the world’s first to mass-produce lithium manganese-rich, or LMR, cells in a prismatic format. Ultium Cells said the technology offers about 33 percent higher energy density than lith

2026-09-30 13:09:43:00

Hyundai E&C brings 1,779-home Hillstate complex to Pyeongtaek’s Godeok

Hyundai Engineering & Construction has launched Hillstate Godeok Ellist, a 1,779-home apartment development near Samsung Electronics’ Pyeongtaek Campus in Gyeonggi Province. Located in Godeok International New Town, the development occupies two blocks in the Godeok Internationalization District. Block A12 will have 942 homes in buildings up to 23 stories, while A65 will contain 837 homes in buildings up to 27 stories. All units have 84 square meters of floor space. Most homes feature four-bay la

2026-09-30 10:11:11:00

Shinhan eyes Korea-Japan ties in climate, digital finance

Shinhan Financial Group explored closer Korea-Japan cooperation in transition finance, carbon markets and digital assets at a Seoul conference, the group said Tuesday. Held Monday at the Korea Financial Investment Association in Yeouido, the conference brought together representatives from academia, financial authorities and the Asian Development Bank to discuss building trusted climate finance infrastructure in Asia. Yonsei University’s Graduate School of Environmental Finance and the Korea Gre

2026-09-29 14:19:26:00

LG Innotek, Applied Intuition begin gathering Korean road data

LG Innotek has begun collecting real-world driving data on Korean roads with US software company Applied Intuition to improve sensors and software for autonomous vehicles, the company said Tuesday. The first vehicle will soon start operating in Seoul, Incheon and Gyeonggi Province under a partnership formed in March. LG Innotek plans to expand the Korean fleet to about 20 vehicles for data collection and autonomous-driving software development by 2028. Equipped with cameras, radar and lidar, the

2026-09-29 13:08:46:00

LG targets AI data centers with modular cooling

LG Electronics is introducing modular cooling systems that aim to speed up AI data center construction and let operators expand gradually as computing demand grows, the company said Tuesday. At Data Center World Asia 2026 in Singapore, LG is showcasing cooling, power and operational technologies as it seeks a broader role in AI infrastructure beyond supplying equipment. Its new Hydronic Modular cooling system packages pumps, valves, emergency buffer tanks and piping in a prefabricated container.

2026-09-29 13:08:20:00