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Tascent Raises $19.5 Million Series B Led by NEC Corporation and Tano Capital

Tascent Raises $19.5 Million Series B Led by NEC Corporation and Tano Capital

LOS GATOS, Calif., Aug. 27 (Korea Bizwire) — Tascent, Inc., the industry leader in intuitive biometrics, has raised $19.5 million in a Series B financing led by NEC Corporation and Tano Capital, with participation by Min Aik Technology Co., Ltd. The funding will be used to expand Tascent’s biometrics product and solution suite and extend [...]

Constellation Brands to Invest $5 Billion CAD ($4 Billion USD) in Canopy Growth to Establish Transformative Global Position and Alignment

Constellation Brands to Invest $5 Billion CAD ($4 Billion USD) in Canopy Growth to Establish Transformative Global Position and Alignment

VICTOR, N.Y. and SMITHS FALLS, Ontario, Aug. 15 (Korea Bizwire) — Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, and Canopy Growth Corporation (Canopy Growth) (TSX: WEED, NYSE: CGC), a leading diversified cannabis company (together, the “Companies”), today announced a significant expansion of their strategic partnership to position Canopy Growth as the [...]

Samsung Announces Massive Domestic Investment and New Hires

Samsung Announces Massive Domestic Investment and New Hires

SEOUL, Aug. 9 (Korea Bizwire) — Lee Jae-yong, Vice Chairman of Samsung Electronics, attended only two public functions in the six months following his release from prison when his sentence was suspended on appeal in February. Lee’s reason for keeping a low profile is said to be due to his urge to focus on discovering [...]

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday declared that it will make investments worth a whopping 180 trillion won (US$160 billion) over the next three years, seeking to effectively overcome various challenges to its business and its relationship with a government that has maintained a tough stance on family-controlled firms. The [...]

Pension Fund Forecast to Be Depleted Earlier Than Predicted: Sources

Pension Fund Forecast to Be Depleted Earlier Than Predicted: Sources

SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s national pension could run out of money by 2056 or 2057 if current financial conditions continue, three to four years earlier than previously projected by the government, official sources said Thursday. The government conducts reviews on the financial soundness of the National Pension Service (NPS) every five [...]

SK hynix to Build New Plant in Icheon with 3.5 tln Won

SK hynix to Build New Plant in Icheon with 3.5 tln Won

SEOUL, Jul. 27 (Korea Bizwire) — SK hynix Inc. said Friday it will build a new semiconductor fabrication (FAB) plant at its headquarters in Icheon, southeast of Seoul, seeking to cope with the rising demand for memory chips around the globe. South Korea’s No. 2 chipmaker said the construction will begin later this year, which [...]

Helsinn Announces EUR6 Million Investment in Helsinn Birex Pharmaceuticals to Safeguard the Quality and Authenticity of Its Products

Helsinn Announces EUR6 Million Investment in Helsinn Birex Pharmaceuticals to Safeguard the Quality and Authenticity of Its Products

Lugano, Switzerland, May 24 (Korea Bizwire) – Helsinn, a Swiss pharmaceutical group focused on building quality cancer care products, today announced a €6million investment at its drug product supply centre, Helsinn Birex Pharmaceuticals Ltd (HBP) in Dublin Ireland, as part of its ongoing commitment to ensuring high quality products, safeguarding its supply chain and in compliance [...]