FedEx Faces Class Action Lawsuit Over Tariff Refunds After Supreme Court Ruling 
PBOC Scraps FX Risk Reserves to Curb Rapid Yuan Appreciation 
Asian Markets Slide as Nvidia Earnings, U.S.-Iran Tensions and AI Valuations Weigh on Investor Sentiment 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Oil Prices Steady as US-Iran Nuclear Talks and Rising Crude Inventories Shape Market Outlook 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
FAA Plans Flight Reductions at Chicago O’Hare as Airlines Ramp Up Summer Schedules 
Gold Prices Surge Over 2% After U.S.-Israel Strikes on Iran Spark Safe-Haven Demand 
APEX Tech Acquisition Inc. Raises $111.97 Million in NYSE IPO Under Ticker TRADU 
Bank of Korea Holds Interest Rate at 2.50% as Growth Outlook Improves Amid AI Chip Boom 
U.S. Stocks Close Lower as Hot PPI Data, Nvidia Slide Weigh on Wall Street 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
SK Group is investing in Japan so it can acquire parts and component suppliers for its businesses. According to the report, the companies affiliates that include SKC, SK Siltron, SK Holdings Inc. and SK Materials, will be chipping in to come up with the ₩400 billion funds for its investment firm in the land of the rising sun.
SK to form a Japanese firm
As per The Korea Times, each company will contribute ₩100 billion and the funds will be used to form SK Japan Investment. This new firm’s goal is to acquire Japanese companies that supply industrial materials. In this way, SK’s will be able to source materials easily and overall strengthen the firms.
"The collective investment is primarily aimed at exploring the best possible chances of strengthening the group's core strengths in industrial materials and components by acquiring firms in Japan, if necessary," an industry executive told the outlet through the phone. “SK is on track to find strategic and financial investors to establish a matching fund in Japan to hedge its investment risk and raise its bar in acquisitions.”
It was added that as part of the investment scheme, SK Group is also eyeing partnerships with Japanese major banks such as Mizuho Bank Ltd. Apparently, the South Korean conglomerate is interested in striking a deal with Mizuho so it can be its Japanese investment partner. In any case, SK Hynix was also approached to be part of this investment plan in Japan but it reportedly declined.
The SK Group’s set up for the investment
Yonhap News Agency reported that once the company is established in Japan, the four SK Group affiliates that contributed to the investment will each own a 25% stake. They will be mostly taking part in businesses and projects that are largely related to sustainability and the environment.
Meanwhile, the news outlet mentioned that SK Japan Investment is still a tentative name for the joint business of four SK affiliates. As soon as more details about the new company are available and a name has been finalized, the firm will be releasing this information for the public to know.
