SEOUL, July 20 (Korea Bizwire) — Three in 10 South Korean adults have invested in stock funds, with an average investment of close to 40 million won (US$30,480), a poll showed Tuesday. The Korea Financial Investors Protection Foundation conducted a survey of 2,500 adults between 25 and 64 years of age, 28 percent of whom [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s leading container shipper HMM Co. said Thursday that it will invest 15 trillion won (US$11.4 billion) over the next five years to increase its capacity and secure diverse strategic assets as part of its efforts to become a top-tier global shipping company and achieve sustainable growth. Of [...]
SEOUL, July 14 (Korea Bizwire) — SK Group Chairman Chey Tae-won has suggested possible changes or a delay in SK’s multibillion dollar investment plans for the next few years, citing higher borrowing and raw material costs. Chey made the remarks at a forum in Jeju this week, noting the effect of the global easy-money policy [...]
SEOUL, July 13 (Korea Bizwire) – South Korean refiner SK Innovation Co. said Wednesday it has invested US$20 million in a U.S. biofuel company, as it accelerates its push for the shift to green energy businesses. The equity investment in Fulcrum BioEnergy Inc., a California-based producer of low-carbon fuels, represents additional backing by SK, South [...]
SEOUL, July 6 (Korea Bizwire) — LG Innotek Co., a South Korean major electronics parts maker, said Wednesday it will invest 1.4 trillion won (US$1.07 billion) to expand the production capacity of camera modules and other electronic parts. LG Innotek, a camera module supplier for Apple’s iPhone, signed a memorandum of understanding with the city [...]
SEOUL, July 6 (Korea Bizwire) — KT Corp., South Korea’s No. 2 mobile carrier, said Wednesday it has invested 30 billion won (US$23 million) in Rebellions Inc., a local artificial intelligence (AI) chip startup, to participate in the fast growing field of AI chips. The deal signed Monday marks KT’s second strategic investment in the [...]
SEOUL, June 29 (Korea Bizwire) — Lotte Chemical Corp. said Wednesday it will spend an additional 140 billion won (US$108.4 million) to expand its electrolyte solvent factory in South Korea to produce four core electrolyte materials vital to the fabrication of lithium-ion batteries. Lotte Chemical said it will push to produce ethyl methyl carbonate (EMC) [...]
TORONTO, June 23 (Korea Bizwire) — Audax Private Equity (“Audax”) today announced it has entered into a definitive agreement to make a strategic growth investment in BlueCat Networks (“BlueCat” or the “Company”), a leading provider of mission-critical, infrastructure software. Financial terms of the transaction were not disclosed. Founded in 2001, BlueCat is a leading provider [...]
SEOUL, June 23 (Korea Bizwire) – Samsung Electro-Mechanics Co., a major electronics components maker in South Korea, said Thursday it will make an additional investment of 300 billion won (US$230 million) in its flip-chip-ball grid array (FC-BGA) business, aimed at expanding the production of its plants in Busan, Sejong and Vietnam. Prior to this, the [...]
SEOUL, June 14 (Korea Bizwire) — Defense industry units of South Korea’s Hanwha Group said Tuesday they are investing a combined US$115 million in a U.S. urban air taxi startup, as it seeks to gain an edge in the prospective urban air mobility (UAM) industry. Hanwha Systems Co. and Hanwha Aerospace Co. will spend $50 [...]