SEOUL, June 11 (Korea Bizwire) — South Korea and Saudi Arabia will form a 208.4 billion-won (US$155 million) joint fund to help Korean startups attract investments and advance to the Middle Eastern market, government officials said Sunday. Saudi Arabia will inject 195.4 billion won into the fund and Korea Venture Investment Corp. will invest the [...]
SEOUL, Nov. 22 (Korea Bizwire) — Samsung Life Insurance Co., South Korea’s top life insurer, said Monday that it has agreed to launch a joint investment fund with the state-run postal agency for overseas investments. In a preliminary deal signed with Korea Post, Samsung Life Insurance said that they will launch the joint investment fund [...]
SEJONG, Sept. 3 (Korea Bizwire) — South Korea will set up a fund worth 20 trillion won (US$16.8 billion) over the next five years to promote the Korean New Deal projects that will create millions of jobs and revive the virus-ravaged economy, Finance Minister Hong Nam-ki said Thursday. The fund will consist of 3 trillion [...]
SEOUL, Aug. 26 (Korea Bizwire) – In a symbolic move to show the government’s determination to help foster South Korea’s parts and materials production industry against Japan’s export restrictions, President Moon Jae-in on Monday invested 50 million won (US$41,135) in a relevant stock fund. He visited the headquarters of NH Nonghyup Bank in Seoul and subscribed [...]
SEJONG, Jan. 17 (Korea Bizwire) — The government will launch a 2.6 trillion-won (US$2.45 billion) investment fund for startups this year, the first portion of a proposed 10 trillion-won investment fund that is to be created by 2020, the finance ministry said Wednesday. Earlier, the government said it will allocate 30 trillion won over the [...]
SEOUL, Jan. 12 (Korea Bizwire) – The net asset of South Korea’s overseas investment fund is forecast to reach 100 trillion won (US$84.5 billion) soon, as investors are seeking higher returns amid declining rates, market watchers said Thursday. The figure hit a record high of 91.7 trillion won on Friday after surpassing the 90 trillion [...]