LNG Project

Korean steelmakers to supply pipes for Canada’s largest LNG project

South Korean steelmakers POSCO and SeAH Steel Corp. will jointly supply 12,000 tons of stainless steel pipe for a liquefied natural gas project in Kitimat, Canada, according to the steel industry on Sept. 11. Separately, SeAH Steel has also secured orders for 60,000 ton

Celltrion

Celltrion rebuts JP Morgan’s heavy downgrade; shares rebound from sharp fall

South Korea’s Celltrion Inc. on Sept. 10 rebutted J.P. Morgan’s massive downgrade of its target price for the biopharmaceutical company. The stock plunged as much as 6% the previous day on the downward revision. J.P. Morgan’s negative views on its stock ar

Debt

Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services

Hyundai Card Co. has issued green bonds worth 450 billion won ($379 million) to fund its green car financing services, the credit card company said on Sept. 10. The amount raised through the bond issue is more than double the planned amount of 200 billion won. The won-denom

Private debt

Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund

South Korean pension and savings funds, including the Yellow Umbrella Mutual Aid Fund and the Korea Scientists and Engineers Mutual-aid Association (SEMA), have committed over 80 million euros ($94 million) to LaSalle Investment Management’s latest European debt fund which raised 435 million euros ($513 million) in its first close this week. Yellow Umbrella Mutual, a $12 billion savings arm for Korea’s small business owners, and the