SEOUL, June 24 (Korea Bizwire) — Hyundai Engineering & Construction Co., a major South Korean builder, is set to introduce construction robotics technology using unmanned robots for its construction sites. The company recently held a demonstration ceremony for its construction robotics technology at its research center in Seongnam, Gyeonggi Province. During the demonstration ceremony, a [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s overseas financial assets touched a new high last year as investment in advanced economies rose amid stock rallies, central bank data showed Wednesday. As of the end of 2020, the outstanding financial assets invested overseas by South Korean entities came to about US$1.519 trillion, up $207.2 billion [...]
SEOUL, June 23 (Korea Bizwire) — Viva Republica Inc., the operator of popular South Korean financial app Toss, said Wednesday it has raised 460 billion won (US$407.5 million) in its latest funding with a valuation at 8.2 trillion won. The latest funding boosts Viva Republica’s valuation by nearly three times since its previous funding in [...]
SEOUL, June 20 (Korea Bizwire) — Kakao Corp., which operates South Korea’s most popular mobile messenger Kakao Talk, emerged as the country’s fifth-largest conglomerate in terms of market cap on the back of the recent gains from the main bourse, data showed Sunday. The combined market cap of Kakao and its affiliates came to 73.9 [...]
SEOUL, June 16 (Korea Bizwire) – Cryptocurrency exchanges here are removing some coins from their trading platforms as they are bracing for tough regulations on digital currency transactions set to be introduced in September, inducing sharp falls in prices and irking investors, industry sources said Wednesday. At least 11 of 20 certified cryptocurrency exchanges have [...]
SEJONG, June 12 (Korea Bizwire) — South Korea’s national debt is growing at a rate of 3 million won (US$2,730) per second and stands at 17.6 million won per person, a parliamentary office said Saturday. The total debt by the central and provincial governments in Asia’s fourth-largest economy reached 912.5 trillion won as of 3:30 [...]
SEOUL, June 11 (Korea Bizwire) — South Korea retail investors have traded more than US$1.7 billion worth of shares in AMC Entertainment Holdings Inc., one of the social media-driven meme stocks, this month, data showed Friday. Local individual investors’ transactions of shares in the top U.S. movie theater chain came to $1.76 billion in the [...]
SEOUL, June 10 (Korea Bizwire) — Samsung Engineering Co., a plant construction unit of Samsung Group, said Wednesday that it had developed a next-generation three-dimensional printing technology for construction and succeeded in building a structure using the technology. The company started developing the technology from late last year and succeeded in developing the 3D printing [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s financial regulator on Wednesday granted the final approval for a new internet-only bank, a move that could further fuel competition with established bigger players. The Financial Services Commission (FSC) gave the approval to the consortium led by South Korean fintech firm Viva Republica, which operates the popular [...]
SEOUL, June 8 (Korea Bizwire) – Interior design and home remodeling companies are vying to lure more skilled workers since the demand for renovation and remodeling has grown sharply since the outbreak of the coronavirus. In the past, home interior work could start as soon as five days after customers placed an order for furniture [...]