SEOUL, Oct. 26 (Korea Bizwire) — Kakao Entertainment, an entertainment arm of tech giant Kakao Corp., said Monday it will participate in Metaverse Entertainment, a subsidiary of game developer Netmarble F&C Inc., as a strategic investor. The company will acquire 80,000 new shares for 12 billion won (US$10.2 million) through a third party allotment in [...]
SEOUL, Oct. 18 (Korea Bizwire) — SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won (US$421 million) in its U.S. affiliate, SK E&S Americas, to buy a stake in a U.S. renewable energy firm. In a regulatory filing, SK E&S said it will buy 505 [...]
SEOUL, Oct. 8 (Korea Bizwire) — Germany-based technology firm Merck Group said Friday it plans to invest around US$693 million in South Korea through 2025 in the electronics sector, including semiconductor solutions. The investment by Merck is expected to lend hands to South Korea’s so-called K-semiconductor blueprint, and help the country secure a stable supply [...]
SEOUL, Oct. 7 (Korea Bizwire) — Hyundai Mobis Co. said Thursday it will invest 1.3 trillion won (US$1.09 billion) to expand its fuel cell production facilities in line with its parent group’s future mobility plans. South Korea’s biggest auto parts maker will build two additional hydrogen fuel-cell plants — one for the manufacture of fuel-cell [...]
SEOUL, Oct. 1 (Korea Bizwire) — SK Inc., the holding firm of South Korean conglomerate SK Group, said Friday it has additionally invested 65 billion won (US$55 million) in Perfect Day, a U.S. alternative milk maker, following 54 billion won of funds last year. SK said it joined the latest round of funding for Perfect [...]
SEOUL, Sept. 29 (Korea Bizwire) — U.S. streaming giant Netflix said Wednesday that its Korean investment over the past five years has led to an economic effect worth 5.6 trillion won (US$4.7 billion) in South Korea’s entertainment-related industry. In an online event titled “Netflix Partner Day,” the company said it has injected 770 billion won [...]
SEOUL, Sept. 28 (Korea Bizwire) — The Bank of Korea (BOK) said Tuesday it will expand its purchase of stocks and bonds related to environmental, social and governance (ESG) concerns, in a move to help transform South Korea to a greener economy. As of June, the BOK had purchased US$7.12 billion worth of ESG stocks [...]
QUEBEC CITY, Quebec, Sept. 23 (Korea Bizwire) — Brilliant Matters is proud to announce the closing of an oversubscribed $3.5M seed round. The round was led by Ecofuel Fund, a specialized and dedicated cleantech fund, together with Investissement Québec, Anges Québec and GSI Creos Corporation. Founded in 2016, the company uses a clean and reliable [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea said Thursday it plans to invest 42.4 billion won (US$35.8 million) through 2023 to develop core technologies for hydrogen-powered trams. The budget will also be spent to find ways to modify hydrogen fuel cells used by Hyundai Motor Co.’s Nexo SUVs and use them in trams, according [...]
NEW YORK, Sept. 21 (Korea Bizwire) — Cytiva, a U.S. producer of vaccine materials, has decided to invest US$52.5 million in South Korea for two years beginning next year, Cheong Wa Dae said Tuesday. The announcement came at a ceremony in New York, attended by President Moon Jae-in, on partnerships between South Korea and the [...]