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 [...]
SEOUL, June 14 (Korea Bizwire) — South Korean battery maker SK Innovation Co. said Tuesday it will invest US$30 million in Amogy Inc., a U.S. developer of ammonia-based, emission-free power solutions, and cooperate in the development of related technologies. To that end, both companies signed a deal on strategic investment and a memorandum of understanding [...]
SEOUL, June 6 (Korea Bizwire) — Kumho Petrochemical Group said Monday it will invest 6 trillion won (US$4.8 billion) in existing and new growth businesses, such as electric vehicle materials and biotechnology, over the next five years. The petrochemical group will spend 3.3 trillion won to cement its leading status in the mainstay petrochemical business [...]
TORONTO, LONDON, and NEW YORK, June 2 (Korea Bizwire) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today the completion of its strategic investment in Basalt Infrastructure Partners LLP (“Basalt”), a leading transatlantic infrastructure investment management firm with more than $8.5 billion of assets under management. About Colliers [...]
SEOUL, June 2 (Korea Bizwire) — Hanwha Solutions Corp. said Thursday it has participated in US$21 million joint funding for a U.S. plastic upcycling startup as the chemical and energy unit of South Korean conglomerate Hanwha Group seeks to expand its portfolio in green technologies. Novoloop, a California-based plastic upcycling company that has raised the [...]
NEW YORK, June 1 (Korea Bizwire) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced that ICONIQ Investment Management (“ICONIQ”) has made a strategic minority investment in the firm that will advance its long-term growth and success. Terms of the investment were not [...]
SEOUL, May 30 (Korea Bizwire) – South Korean food and entertainment giant CJ Group said Monday it will invest 20 trillion won (US$16.2 billion) over the next five years in new growth engines. Among them, CJ said it will invest 12 trillion won in growing its original content and K-food business, while injecting 7 trillion [...]
SEOUL, May 30 (Korea Bizwire) — South Korean medical robot maker Curexo Inc. said Monday it has decided to invest US$3 million in U.S. robotic rehabilitation device maker Harmonic Bionics Inc. as part of efforts to tap into the American market. Curexo said it has made the decision with the aim of commercializing its “Morning [...]
SEOUL, May 26 (Korea Bizwire) — POSCO Group said Thursday it will invest 53 trillion won (US$41.8 billion) over the next five years to transform its steel plants into environment-friendly facilities and invest in battery materials. The South Korean steelmaker will spend most of the planned investment to upgrade the existing steel mills into eco-friendly [...]