SEOUL, Apr. 24 (Korea Bizwire) — South Korean companies lag far behind their Asian peers in Japan, China and Taiwan in research and development investment, a local think tank said Wednesday. Thirteen Korean companies made it to the ranks of the world’s top 500 R&D companies last year. South Korea ranked ninth in terms of [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and [...]
NEW YORK and SAN FRANCISCO, Apr. 3 (Korea Bizwire) — BNP Paribas, a leading European provider of banking and financial services, announces an equity investment in Forge Global, Inc. (“Forge”), the leading marketplace for pre-IPO securities, in addition to a strategic product collaboration. The collaboration will involve the development and distribution of investment products providing [...]
SEOUL, Mar. 27 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Wednesday that it will invest 430 billion won (US$380 million) to build a lithium-ion battery separator (LiBS) plant in Poland, in a bid to meet growing demand for electric vehicle batteries. The company, also a major EV battery maker, [...]
SEOUL, Mar. 18 (Korea Bizwire) — Chinese account for 93 percent of all foreigners who acquired permanent residence in South Korea through investment, according to the IOM Migration Research and Training Center. The center revealed that in the 2010 to 2017 period, there were 1,901 cases of foreigners acquiring an Korean residence visas through investment. [...]
SEOUL, Mar. 15 (Korea Bizwire) — LG Chem Ltd.’s aggressive investment plan for its EV battery and petrochemicals business has drawn mixed responses from market watchers. Some analysts are concerned the investment push may come as a financial albatross to South Korea’s top chemicals and EV battery maker, while others are upbeat it will likely [...]
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 [...]
BARCELONA, Feb. 27 (Korea Bizwire) — Chinese telecom equipment maker Huawei Technologies Inc. wants to expand investment in South Korea’s 5G infrastructure and services as it moves to strengthen its presence in the key market, a senior network official said Wednesday. South Korean carrier LG Uplus used Huawei’s equipment for its 5G infrastructure and is [...]
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 [...]
SEOUL, Jan. 24 (Korea Bizwire) — The total amount of investment in startups reached a record high last year amid hopes of lucrative returns and policy backup, government data showed Thursday. A total of 3.43 trillion won (US$3.04 billion) was invested in startups last year, up 43.9 percent from the previous record high of 2.38 [...]