investment Archives | Be Korea-savvy
S. Korea to Invest 3 tln Won in Biotech Sector This Year

S. Korea to Invest 3 tln Won in Biotech Sector This Year

SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and [...]

BNP Paribas Announces Investment in Forge and Launches Industry-First Investment Product focused on Pre-IPO Securities

BNP Paribas Announces Investment in Forge and Launches Industry-First Investment Product focused on Pre-IPO Securities

NEW YORK and SAN FRANCISCO, Apr. 3 (Korea Bizwire) — BNP Paribas, a leading European provider of banking and financial services, announces an equity investment in Forge Global, Inc. (“Forge”), the leading marketplace for pre-IPO securities, in addition to a strategic product collaboration. The collaboration will involve the development and distribution of investment products providing [...]

SK Innovation to Spend 430 bln Won on LiBS Plant in Poland

SK Innovation to Spend 430 bln Won on LiBS Plant in Poland

SEOUL, Mar. 27 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Wednesday that it will invest 430 billion won (US$380 million) to build a lithium-ion battery separator (LiBS) plant in Poland, in a bid to meet growing demand for electric vehicle batteries. The company, also a major EV battery maker, [...]

170 Foreigners Acquired Permanent Residence Through Investment from 2010 to 2017

170 Foreigners Acquired Permanent Residence Through Investment from 2010 to 2017

SEOUL, Mar. 18 (Korea Bizwire) — Chinese account for 93 percent of all foreigners who acquired permanent residence in South Korea through investment, according to the IOM Migration Research and Training Center. The center revealed that in the 2010 to 2017 period, there were 1,901 cases of foreigners acquiring an Korean residence visas through investment. [...]

WeWork to Invest Further in S. Korea for Growth

WeWork to Invest Further in S. Korea for Growth

SEOUL, Mar. 3 (Korea Bizwire) — U.S.-based coworking space provider WeWork will “definitely” continue to invest in South Korea as it sees a growing number of individuals and startups seeking support and a sense of community, a WeWork executive said Sunday. WeWork entered Korea in August 2016 by opening its first location in the affluent [...]

Huawei Wants to Invest More in S. Korea: Official

Huawei Wants to Invest More in S. Korea: Official

BARCELONA, Feb. 27 (Korea Bizwire) — Chinese telecom equipment maker Huawei Technologies Inc. wants to expand investment in South Korea’s 5G infrastructure and services as it moves to strengthen its presence in the key market, a senior network official said Wednesday. South Korean carrier LG Uplus used Huawei’s equipment for its 5G infrastructure and is [...]

S. Korea to Provide More Incentives to Foreign Firms

S. Korea to Provide More Incentives to Foreign Firms

SEJONG, Jan. 29 (Korea Bizwire) — South Korea’s industry ministry said Tuesday it plans to provide more incentives to overseas companies operating in the country and induce them to carry out more foreign direct investment (FDI). The Ministry of Industry, Trade, and Energy, which hosted meetings with officials from foreign companies here, said it is [...]