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Hyundai Mobis to Invest $50 mln in U.S. Auto Sensor Firm

Hyundai Mobis to Invest $50 mln in U.S. Auto Sensor Firm

SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest US$50 million in a U.S. light detection and ranging (LiDAR) company for autonomous driving technologies. Hyundai Mobis has recently partnered with Velodyne Lidar, a world-leading LiDAR sensors provider, in order to mass-produce Level 3 autonomous [...]

Investors Eye Risks of Betting on Hong Kong-tied Equity Trusts

Investors Eye Risks of Betting on Hong Kong-tied Equity Trusts

SEOUL, Oct. 14 (Korea Bizwire) — High-risk financial instruments that are designed to bet on Hong Kong’s stock market need to be carefully monitored amid concerns about potential losses, as massive democracy protests there have wobbled financial markets, an industry source said Monday. At the end of September, the outstanding amount of equity-linked trusts (ELTs) [...]

Samsung to Spend 13 tln Won to Upgrade Panel Making Lines

Samsung to Spend 13 tln Won to Upgrade Panel Making Lines

SEOUL, Oct. 10 (Korea Bizwire) — Samsung Display Co., a major display panel maker here, said Thursday it will invest 13.1 trillion won (US$10.9 billion) by 2025, to upgrade its liquid crystal display (LCD) production facilities and produce more advanced displays amid a slump and increased competition. Panel makers here, including its large local rival [...]

S. Korea, Russia to Form Joint Investment Fund, Accelerate FTA Talks

S. Korea, Russia to Form Joint Investment Fund, Accelerate FTA Talks

SEJONG, Sept. 25 (Korea Bizwire) — South Korea and Russia agreed Tuesday (Moscow time) to launch a fund for the industrial materials and parts sectors, and to speed up free trade negotiations, Seoul’s finance ministry said. During the annual meeting on economic cooperation between South Korea and Russia, held in Moscow, South Korean Finance Minister [...]

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

SEOUL, Sept. 24 (Korea Bizwire) — Samsung Group is planning to announce a massive investment plan next month to upgrade its display panel production facilities in South Korea, industry sources said Tuesday, as the nation’s largest conglomerate seeks to enhance profitability in the large display business with its latest technologies. Samsung is expected to unveil [...]

AGF’s Long-term Investment in the U.K. Delivers Strategic Value to Its Shareholders

AGF’s Long-term Investment in the U.K. Delivers Strategic Value to Its Shareholders

TORONTO, Sept. 19 (Korea Bizwire) — AGF Management Limited (TSX:AGF.B) today confirms a merger between Smith & Williamson and Tilney to create the U.K.’s leading integrated wealth management and professional services group with over £45 billion in assets under management and £500m of revenues. “AGF would like to congratulate Smith & Williamson and Tilney on [...]

InnovaHealth Partners Invests in Koelis, a Leader in Prostate Cancer Diagnostics and Treatment

InnovaHealth Partners Invests in Koelis, a Leader in Prostate Cancer Diagnostics and Treatment

NEW YORK, Sept. 17 (Korea Bizwire) — Koelis SAS (“Koelis” or the “Company”) and InnovaHealth Partners, LP (“InnovaHealth”) jointly announced today along with Medevice Partners (“Medevice”) that InnovaHealth has made a growth equity investment in Koelis and acquired a majority interest in the Company. Koelis is a leadership innovator in the market for image-guided systems [...]

Digital Reasoning Announces Strategic Investment from SC Ventures Accelerating Global Expansion of AI Solutions for Communications Surveillance in New Geographies

Digital Reasoning Announces Strategic Investment from SC Ventures Accelerating Global Expansion of AI Solutions for Communications Surveillance in New Geographies

NASHVILLE, Tenn., Sept. 17 (Korea Bizwire) — Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, today announced a strategic investment from SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, bringing its Series D-1 funding round total to $40 million. In addition to this investment, [...]

Robo Advisors Outshine in Bear Market

Robo Advisors Outshine in Bear Market

SEOUL, Sept. 17 (Korea Bizwire) — Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained bearish, data showed Tuesday. According to the data from Koscom Corp., the system manager of the Korean bourse operator Korea Exchange, [...]