SK Geocentric and Canadian packaging firm Winpak signed a memorandum of understanding to supply polyethylene and polypropylene made from pyrolysis oil at SK's Ulsan ARC recycling cluster, with a binding contract to follow. The MOU was reported on 23 August 2024.

According to banking sources reported by KED Global, US private equity firm TPG agreed to buy a 100% stake in South Korean cosmetic packaging supplier Samhwa at a price in the mid-300 billion won range, about $236.9 million, with CEO Cho Seong-hwan buying a minority stake back.

Daelim Pracon signed an investment memorandum with Gimcheon city to build a 20 billion won PET packaging container plant with automated equipment in the Gimcheon General Industrial Complex. The plant is planned to be operating by early next year and is expected to create over 80 jobs.

PiovanGroup finalized the acquisition of ToBaPNC, a South Korean company that automates industrial processes for plastics, especially plastic powder transport. The deal expands Piovan's presence in South Korea.

BGF, through subsidiary BGF Eco Bio, signed an agreement to acquire a 77.01% stake in KBF, a Korean maker of biodegradable foam plastics based in Hwaseong, Gyeonggi. The deal marks BGF's entry into the eco and bio materials market.

Kumho P&B Chemicals will invest 200 billion won to add 200,000 tonnes per year of BPA capacity at a new site near its Yeosu plant, raising capacity from 450,000 to 650,000 tonnes. Completion is due in the second half of 2021.

Toly Group plans to build an 8,000 m2 factory in South Korea next year at a cost of EUR 13 million.