SEOUL, Feb. 2 (Korea Bizwire) — The state-run Korea Development Bank and the Hyundai Motor Group jointly announced on Monday that they will cooperate to create a fund that will explore and invest in promising startups in the mobility area. The two parties reached an agreement on the creation of the 74.5 billion won (US$66.6 [...]
SEOUL, Dec. 11 (Korea Bizwire) — South Korea said Friday it will set up a fund worth 26 billion won (US$24 million) to support the country’s growing digital media industry. The fund aims to help small and midsized digital media companies and one-person media as the COVID-19 pandemic has lead to increasing consumption of new [...]
New York, NY, June 29 (Korea Bizwire) — A new fund to advance fair global economic responses to COVID-19 launched today. The Response and Vision Fund, an initiative of a newly formed donor collaborative – Funders Organized for Rights in the Global Economy (FORGE) - seeks to build the power of workers and communities, strengthen accountability, and advance [...]
SEOUL, June 22 (Korea Bizwire) — South Korea said Monday that it plans to launch a 1 trillion-won (US$825 million) fund and sharply cut red tape in order to help local players better compete with global media giants like Netflix and YouTube. Under the plan, the local media market will be valued at 10 trillion [...]
SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]
SEOUL, Dec. 3 (Korea Bizwire) – South Korean energy and telecom conglomerate SK Group plans to join hands with Chinese private equity firm Hillhouse Capital Group to create a mutual fund worth 1 trillion won (US$843 million) for investment in the Chinese food industry. SK China, SK’s Chinese unit, held a board meeting recently and passed [...]
SEOUL, May 2 (Korea Bizwire) — South Korea will create a fund worth 30 billion won (US$26 million) to help nurture immersive content for the super-fast 5G network, the government said Thursday. The fund, to be launched this month, aims to form an early market for immersive content and bolster the competitiveness of local tech [...]
Boston, MA, Dec. 11 (Korea Bizwire) — Algo Capital, a blockchain-focused venture capital group, has announced the launch of a $100 million USD fund to invest and manage significant capital in emerging disruptors building on the Algorand decentralized platform over the course of the next decade. The Algorand protocol was designed by MIT professor, cryptography [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s big-three rechargeable battery makers have agreed to create a fund to jointly develop next-generation battery technologies and foster related industries, the industry ministry said Monday. The companies — LG Chem Inc., Samsung SDI Co. and SK Innovation Co. — signed a memorandum of understanding for joint R&D [...]
SEOUL, Oct. 19 (Korea Bizwire) — With the South Korean stock market experiencing a heavy correction due to the U.S-China trade war and financial instability among emerging states, Inverse Exchange Traded Funds (ETF) are yielding high profits. FnGuide financial information services announced that 45 Inverse ETFs with over 1 billion won in assets yielded average [...]