expansion Archives | Be Korea-savvy
WeWork to Invest Further in S. Korea for Growth

WeWork to Invest Further in S. Korea for Growth

SEOUL, Mar. 3 (Korea Bizwire) — U.S.-based coworking space provider WeWork will “definitely” continue to invest in South Korea as it sees a growing number of individuals and startups seeking support and a sense of community, a WeWork executive said Sunday. WeWork entered Korea in August 2016 by opening its first location in the affluent [...]

Seoul Announces Sweeping Expansion of Gwanghwamun Plaza

Seoul Announces Sweeping Expansion of Gwanghwamun Plaza

SEOUL, Jan. 21 (Korea Bizwire) — The Gwanghwamun Plaza, a national landmark located in the heart of Seoul, will be greatly expanded to be reborn as the capital’s cultural, historical and transportation hub, the municipal government said Monday. The size of Gwanghwamun Plaza, next to Gyeongbok Palace, the main royal palace of the Joseon Dynasty, [...]

Chemical Firms to Invest 10 tln Won in Upgrading Industrial Complex

Chemical Firms to Invest 10 tln Won in Upgrading Industrial Complex

SEJONG, Sept. 14 (Korea Bizwire) — South Korea’s major chemical companies will join forces to invest 10 trillion won (US$8.84 billion) in upgrading an industrial complex on the west coast, the government said Thursday. Lotte Chemical Corp., S-Oil Corp. and Hanwha Total Petrochemical Co. signed a memorandum of understanding with the provincial government for the [...]

Samsung Pay to Reach More Countries Starting March

Samsung Pay to Reach More Countries Starting March

SEOUL, Feb. 22 (Korea Bizwire) – Samsung Electronics Co. said Saturday it plans to release its mobile payment system Samsung Pay in major markets, including China, next month, speeding up its efforts to expand the presence of the platform amid the rise of rivalry services. Samsung Pay, first released in South Korea and the United [...]