SEOUL, Nov. 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical producer, said Wednesday it is spending 310 billion won (US$234 million) in total to build new facilities for plastic recycling and the production of a thermal insulator component. LG Chem said it is on track to break ground on the plastic pyrolysis [...]
SEOUL, Nov. 11 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, said Thursday it will make a US$2 million strategic investment in U.S.-based digital medicine company Sonde Health Inc. Sonde Health has developed vocal biomarker technology that can analyze subtle signs of changes in the voice — the volume, pitch or difference [...]
SEOUL, Nov. 7 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai, has announced the signing of a US$30 million investment deal with TerraPower, a U.S. nuclear power venture founded by Microsoft co-founder Bill Gates. The small modular reactor (SMR) technology owned by [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea will funnel 4.12 trillion won (US$2.9 billion) into research and development next year to promote 12 selected strategic technologies as part of the country’s long-term future growth plan, the science ministry said Friday. The Ministry of Science and ICT said in a report released at a meeting [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea plans to overhaul a set of business regulations as part of efforts to bolster investment, the finance ministry said Monday, amid growing fears over an economic slump. The decision was made during a meeting of economy-related ministries presided over by Finance Minister Choo Kyung-ho, according to the [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s state pension fund has been found to have invested a large sum of money in the so-called “sin stocks” that include liquor, tobacco and gambling businesses, data showed Tuesday. Rep. Nam In-soon of the Democratic Party referred to an National Pension Service (NPS) report that around 5.29 [...]
SEOUL, Oct. 11 (Korea Bizwire) — Renault Group will make a massive investment in South Korea, which it sees as a key export hub for the French carmaker, in the next six years, the company’s chief executive officer said Tuesday. Renault is planning to invest hundreds of millions of euros in its South Korean operations [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea has drawn investment worth a combined US$1.15 billion from seven North American firms in the semiconductor, battery and energy sectors, which is expected to help strengthen supply chains of key items and boost bilateral economic ties, the industry ministry said Friday. The investment pledges were made during [...]
SEOUL, Sept. 14 (Korea Bizwire) — Concerns are rising over investment in non-fungible tokens (NFTs), which have been gaining attention since last year, alerting investors that high fluctuation in prices and commission rates may result in a less-than-expected profit, a report said Tuesday. The Korea Institute of Finance reported that the non-fungible features of NFTs [...]
SEOUL, Sept. 14 (Korea Bizwire) — SK Group, South Korea’s second-largest conglomerate by assets, said Thursday it will spend 73 trillion won (US$52.4 billion) by 2023 to boost its domestic production facilities for chips, green energy and bio. The energy-to-telecom business group will also spend 25 trillion won on research and development (R&D) over the [...]