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Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

Hyundai Motor Invests in Ride-hailing Firm Grab for Partnership

SEOUL, Jan. 11 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Thursday it invested in the Southeast Asian ride-hailing firm Grab for a possible business partnership in the transportation service sector. Hyundai Motor reportedly invested tens of billions of won to acquire a stake in Grab so it could get [...]

31 pct of Workers Have Invested in Virtual Currencies: Survey

31 pct of Workers Have Invested in Virtual Currencies: Survey

SEOUL, Dec. 27 (Korea Bizwire) — More than three out of every 10 South Korean workers have invested in cryptocurrencies to make a quick buck, a recent survey showed Wednesday. Of the 941 salaried people questioned, 31.3 percent have invested in virtual currencies, according to the survey conducted by online job portal Saramin. The average [...]

S. Korea to Invest 110 tln Won in Renewable Energy Sources by 2030

S. Korea to Invest 110 tln Won in Renewable Energy Sources by 2030

SEOUL, Dec. 20 (Korea Bizwire) — South Korea will build more solar and wind farms nationwide to nearly triple its renewable energy ratio by 2030, a project estimated at 110 trillion won (US$101 billion), the energy ministry said Wednesday. The Ministry of Trade, Industry and Energy announced the detailed plans for its new energy road [...]

Sabina Gold & Silver Announces 9.9% Strategic Investment by Zhaojin International Mining Co., Ltd.

Sabina Gold & Silver Announces 9.9% Strategic Investment by Zhaojin International Mining Co., Ltd.

VANCOUVER, British Columbia, Dec. 19 (Korea Bizwire) — Sabina Gold & Silver Corp (TSX:SBB.T), (“Sabina” or the “Company”) is pleased to announce that Zhaojin International Mining Co., Ltd. (“Zhaojin International”) has agreed to purchase 24,930,000 common shares of the Company at a price of $2.65 per share for a total investment of approximately $66,100,000 in [...]

GSV Asset Management Announces Strategic Investment from HMC Capital-Led Group

GSV Asset Management Announces Strategic Investment from HMC Capital-Led Group

WOODSIDE, Calif. and NEW YORK, Dec. 14 (Korea Bizwire) — GSV Asset Management, LLC (“GSV”), a modern merchant bank that identifies, advises, and invests in the fastest growing, most dynamic companies in the world – the Stars of Tomorrow – today announced a strategic investment from a group led by HMC Capital (“HMC”), a leading Latin American advisory and investment [...]

Tier1CRM Receives Significant Equity Capital to Accelerate Growth

Tier1CRM Receives Significant Equity Capital to Accelerate Growth

TORONTO and NEW YORK, Dec. 11 (Korea Bizwire) — Tier1CRM (Tier1), a provider of cloud-based customer relationship management (CRM) solutions for the capital markets industry, announced today that it raised $34 million (USD) in growth equity financing from a group of investors led by Wavecrest Growth Partners, with participation from MassMutual Ventures and Salesforce Ventures. [...]