SEOUL, March 10 (Korea Bizwire) — South Korea is expected to be the second-biggest spender on semiconductor manufacturing equipment this year, industry data showed Tuesday, as the global chip industry is likely to make a recovery despite the novel coronavirus outbreak. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix [...]
SEOUL, March 9 (Korea Bizwire) — With the novel coronavirus outbreak hampering all private investor seminars and investment counseling by securities companies, investment content published on YouTube and other online programs is gaining popularity. The web seminar on investment strategy conducted by Mirae Asset Global Investments, South Korea’s leading asset management firm on April 27 [...]
SEOUL, March 5 (Korea Bizwire) — South Korean telecom companies will invest 4 trillion won (US$3.4 billion) in the first half of 2020 as part of their efforts to cope with the fallout from the novel coronavirus outbreak, sources said Thursday. The country’s three mobile operators — SK Telecom, KT Corp., and LG Uplus — [...]
GHENT, Belgium, March 5 (Korea Bizwire) – Biotalys NV, a rapidly growing and transformative food and crop protection company developing a new generation of protein-based biocontrols, today announces the second closing of its Series C financing round with €10 million, bringing the total amount of capital raised through its Series C to €45 million. The second [...]
SEOUL, March 2 (Korea Bizwire) — South Korean institutions’ investment in overseas securities surged sharply from a year earlier in 2019, largely due to a rise in their purchase of overseas bonds, central bank data showed Monday. The combined value of foreign stocks and bonds held by South Korean institutions came to US$326.3 billion as [...]
SAN JOSE, Calif., Feb. 26 (Korea Bizwire) – cPacket Networks, a leading provider of network-aware application and security assurance solutions, announced it has completed a $15 million round of funding by Morgan Stanley Expansion Capital. The investment will be used to accelerate cPacket’s focus on product innovation and deployment of its broad range of high-performance network [...]
SEOUL, Feb. 9 (Korea Bizwire) — SK Lubricants Co., an affiliate of refiner SK Innovation Co., said Sunday it has made a stake investment in a Vietnamese lubricants company for an expansion into Asian markets. SK Lubricants signed a deal to acquire a 49 percent stake in Mekong, Vietnam’s biggest lubricants company, on Friday to [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, will boost investment in its electric vehicle (EV) battery and materials business, a top executive has said. SK Innovation CEO and President Kim Jun made the comments in an interview with the company’s in-house news channel that was provided to employees Wednesday [...]
SEOUL, Jan. 21 (Korea Bizwire) — Major South Korean biosimilar manufacturer Celltrion Inc. said Tuesday it will spend 600 billion won (US$520 million) on its new plant in China over the next five years. The planned plant, with a production capacity of 120,000 liters of biopharmaceutical products, will be located in the central city of [...]
SEOUL, Jan. 14 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-biggest carmaker by sales, said Tuesday it will invest 29 trillion won (US$25 billion) in electric vehicles and business diversification by 2025. Kia Motors made the announcement as it aims to transform itself into a leading electric vehicle manufacturer while reducing the ratio of [...]