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LG Chem to Spend 310 bln Won on New Plastic Recycling, Aerogel Plants in S. Korea

LG Chem to Spend 310 bln Won on New Plastic Recycling, Aerogel Plants in S. Korea

SEOUL, Nov. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical producer, said Wednesday it is spending 310 billion won (US$234 million) in total to build new facilities for plastic recycling and the production of a thermal insulator component. LG Chem said it is on track to break ground on the plastic pyrolysis [...]

KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

KT Makes Strategic Investment in Vocal Biomarker Tech Startup Sonde Health

SEOUL, Nov. 11 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it will make a US$2 million strategic investment in U.S.-based digital medicine company Sonde Health Inc. Sonde Health has developed vocal biomarker technology that can analyze subtle signs of changes in the voice — the volume, pitch or difference [...]

Korea Shipbuilding & Offshore Invests US$30 mln in TerraPower

Korea Shipbuilding & Offshore Invests US$30 mln in TerraPower

SEOUL, Nov. 7 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has announced the signing of a US$30 million investment deal with TerraPower, a U.S. nuclear power venture founded by Microsoft co-founder Bill Gates. The small modular reactor (SMR) technology owned by [...]

S. Korea to Invest 4.12 tln Won in R&D for 12 Strategic Technologies in 2023

S. Korea to Invest 4.12 tln Won in R&D for 12 Strategic Technologies in 2023

SEOUL, Oct. 28 (Korea Bizwire) — South Korea will funnel 4.12 trillion won (US$2.9 billion) into research and development next year to promote 12 selected strategic technologies as part of the country’s long-term future growth plan, the science ministry said Friday. The Ministry of Science and ICT said in a report released at a meeting [...]

State Pension Fund Invests in Liquor, Tobacco and Gambling ‘Sin Stocks’

State Pension Fund Invests in Liquor, Tobacco and Gambling ‘Sin Stocks’

SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s state pension fund has been found to have invested a large sum of money in the so-called “sin stocks” that include liquor, tobacco and gambling businesses, data showed Tuesday. Rep. Nam In-soon of the Democratic Party referred to an National Pension Service (NPS) report that around 5.29 [...]

S. Korea Draws $1.15 bln Investment from Applied Materials, Six Other U.S. Firms

S. Korea Draws $1.15 bln Investment from Applied Materials, Six Other U.S. Firms

SEOUL, Sept. 23 (Korea Bizwire) — South Korea has drawn investment worth a combined US$1.15 billion from seven North American firms in the semiconductor, battery and energy sectors, which is expected to help strengthen supply chains of key items and boost bilateral economic ties, the industry ministry said Friday. The investment pledges were made during [...]

NFT Investment is Highly Risky with Lower than Expected Profits: Report

NFT Investment is Highly Risky with Lower than Expected Profits: Report

SEOUL, Sept. 14 (Korea Bizwire) — Concerns are rising over investment in non-fungible tokens (NFTs), which have been gaining attention since last year, alerting investors that high fluctuation in prices and commission rates may result in a less-than-expected profit, a report said Tuesday. The Korea Institute of Finance reported that the non-fungible features of NFTs [...]