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S. Korea to Provide More Incentives to Foreign Firms

S. Korea to Provide More Incentives to Foreign Firms

SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]

S. Korea to Invest 19 tln Won Renovate Old School Buildings

S. Korea to Invest 19 tln Won Renovate Old School Buildings

SEOUL, Jan. 10 (Korea Bizwire) — More than 18.8 trillion won (US$16.8 billion) will be invested over the next five years to create a safer and cleaner school environment in South Korea. Among the projects, 500 billion won (US$446.9 million) will be set aside for renovating traditional classrooms with desks and chairs into next-generation playgrounds. [...]

Incheon Airport to Invest 4.2 tln Won in Expansion, Upgrades by 2023

Incheon Airport to Invest 4.2 tln Won in Expansion, Upgrades by 2023

SEOUL, Dec. 20 (Korea Bizwire) — Incheon International Airport Corp. said Thursday it will invest 4.2 trillion won (US$3.7 billion) to build a fourth runway and expand facilities by 2023. The airport began operations in 2001 and opened its second terminal in January to meet rapid air passenger growth. It currently handles 72 million travelers [...]

Algo Capital Announces $100 Million Blockchain Fund to Invest in Promising Companies Built on Algorand Platform

Algo Capital Announces $100 Million Blockchain Fund to Invest in Promising Companies Built on Algorand Platform

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 [...]

Constellation Brands to Invest $100 Million in Women-Led Start-Ups by 2028

Constellation Brands to Invest $100 Million in Women-Led Start-Ups by 2028

VICTOR, N.Y., Dec. 6 (Korea Bizwire) — Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that Constellation Brands Ventures (CBV), the company’s corporate venture capital group, intends to invest $100 million in female-founded or female-led businesses in the beverage alcohol space and adjacent categories by 2028 through a new [...]

SK Innovation to Invest 1.14 tln Won in U.S. Battery Plant

SK Innovation to Invest 1.14 tln Won in U.S. Battery Plant

SEOUL, Nov. 26 (Korea Bizwire) — SK Innovation Co., South Korea’s top energy-chemical business, said Monday that it will invest 1.14 trillion won (US$1.01 billion) to build an electric vehicle (EV) battery plant in the United States. The company said it has decided to construct the 9.8 gigawatt-hour capacity battery plant in the city of [...]

Softbank Pledges US$2 Bln Investment in Coupang

Softbank Pledges US$2 Bln Investment in Coupang

SEOUL, Nov. 23 (Korea Bizwire) — Japanese software giant Softbank Group Corp.’s chairman, Masayoshi Son, a third-generation Korean-Japanese most widely known by his Korean name “Son Jeong-ui” here, has reportedly decided to invest US$2 billion in Coupang, leaving experts seeking an explanation as to Son’s great interest in the Korean e-commerce website. Meanwhile, other competing [...]