SEOUL, Apr. 5 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecom conglomerate SK Group, has invested in Singapore-based ride-hailing firm Grab, a company official said Thursday. SK Holdings made the investment in mid-March, Lee Young-suk, an official handling brand management at SK Holdings, said. “We are interested in [...]
SEOUL, Apr. 5 (Korea Bizwire) — Netmarble Games, South Korea’s top mobile game developer, has made a major investment in the country’s entertainment agency behind K-pop sensation BTS, corporate sources said Thursday. In a regulatory filing issued Wednesday, Netmarble Games said it will acquire a 25.71 percent stake in Big Hit Entertainment for 201.43 billion [...]
SEOUL, Apr. 5 (Korea Bizwire) — U.S. video streaming service provider Netflix plans to hire new staff members in South Korea, industry sources said Thursday, taking steps to tap deeper into the local market. According to the sources, the video streaming service provider plans to hire around 10 to 15 employees in South Korea who [...]
SEOUL, Mar. 21 (Korea Bizwire) — SK Innovation Co. said Wednesday that its wholly owned U.S. subsidiary, SK E&P America Inc., will buy a 100 percent stake in Longfellow Nemaha, a U.S. gas exploration firm, in the latest move to boost its shale gas exploration projects in North America. SK E&P America said Tuesday that [...]
SEOUL, Mar. 21 (Korea Bizwire) — U.S. aircraft manufacturer Boeing said Wednesday it plans to establish its seventh overseas technology research center in South Korea this year due to the country’s technological prowess and innovation policies. “Korea is home to premier talent and industrial partners, as well as policies that foster innovation development. These factors [...]
SEOUL, Mar. 9 (Korea Bizwire) — Lotte Corp., the holding company of South Korean retail giant Lotte, said Friday it will continue to make major investments in Vietnam, as its head met with the country’s premier to seek support for the company’s various ongoing projects in the Southeast Asian country. During his meeting with Prime [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has approved a preliminary investment plan to set up a second chip-production line near Seoul, an industry source said Wednesday. The Management Committee — the top decision-making body at Samsung Electronics — held a meeting earlier in the day and endorsed the [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean retail giant Shinsegae Inc. said Friday it has signed an initial agreement with a foreign investment firm and a private equity firm to strengthen its e-commerce business amid a rapid expansion of the country’s online market. Shinsegae said it will hive off the online business divisions of [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s major oil refiners plan to invest some 3.5 trillion won (US$3.3 billion) over the next three years to upgrade their facility and diversify their business portfolio, the country’s energy ministry said Friday. During a meeting with Paik Un-gyu, minister of trade, industry and energy, chief executives of [...]
SEOUL, Jan. 16 (Korea Bizwire) — Foreigners have net bought more than 2.2 trillion won (US$2 billion) worth of South Korean stocks this year in continuation of their buying spree from 2017, the Korea Exchange (KRX) said Tuesday, amid strong performance by local firms. Offshore investors acquired listed shares valued at 10.2 trillion won last [...]