investment Archives | Be Korea-savvy
CreditSights Makes Strategic Investment in Alphastream

CreditSights Makes Strategic Investment in Alphastream

New York, New York, Sept. 3 (Korea Bizwire) – CreditSights, a leading provider of independent fixed income research today announced that it has taken a minority stake in Alphastream, a fintech company based in Singapore. As part of the investment, Bala Subramanian, Chief Product and Technology Officer of CreditSights, will join Alphastream’s board. Alphastream develops next generation data [...]

Foreign Businesses Earned More and Contributed Less Last Year

Foreign Businesses Earned More and Contributed Less Last Year

SEOUL, Aug. 27 (Korea Bizwire) — Foreign companies that earned considerable profits in South Korea last year were relatively indifferent to investment, employment, and other means of contributing to Korean society. Industry tracker CEO Score analyzed 43 foreign businesses included in last year’s top 500 companies in South Korea, revealing that their investment last year [...]

Samsung Biologics to Spend 1.7 tln Won for 4th Plant amid Growing Demand

Samsung Biologics to Spend 1.7 tln Won for 4th Plant amid Growing Demand

SEOUL, Aug. 11 (Korea Bizwire) — Samsung Biologics, a biopharmaceutical unit of South Korea’s largest conglomerate Samsung Group, said Tuesday that it will build a fourth plant in the country in response to rising manufacturing demand. The 1.7 trillion-won (US$1.4 billion) plant in Songdo, western Incheon, will have a bioreactor capacity of 256,000 liters, the [...]

Netflix Moves to Invest in S. Korean Content

Netflix Moves to Invest in S. Korean Content

SEOUL, Aug. 5 (Korea Bizwire) — Global streaming giant Netflix Inc. has topped South Korea’s over-the-top (OTT) service ranking in the four years since its debut, largely thanks to a localization strategy focused on investing massive sums into the production of local content, experts say. Initially, Netflix faced unwilling customers who weren’t used to the [...]

Erdene Announces $20 Million Financing Led by $15 Million Strategic Investment from Eric Sprott

Erdene Announces $20 Million Financing Led by $15 Million Strategic Investment from Eric Sprott

HALIFAX, Nova Scotia, July 23 (Korea Bizwire) – Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce a non-brokered private placement of approximately C$20 million (“Private Placement”), led by a $15 million strategic investment from Mr. Eric Sprott. Paradigm Capital acted as lead financial advisor to Erdene on the transaction. Haywood [...]

Daelim Invests US$50 mln in Brazilian Unit’s Synthetic Rubber Business

Daelim Invests US$50 mln in Brazilian Unit’s Synthetic Rubber Business

SEOUL, July 17 (Korea Bizwire) — Daelim Industrial Co., a major construction and petrochemical player in South Korea, said Friday that it will invest US$50 million in its synthetic rubber unit, Cariflex, to meet growing demand for rubber latex amid the coronavirus pandemic. The facility investment will double the annual production capacity of synthetic rubber [...]