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 [...]
SEOUL, May 26 (Korea Bizwire) — GS Group, South Korea’s eighth-largest conglomerate by assets, said Thursday it will spend 21 trillion won (US$16.5 billion) over five years to boost its clean energy businesses, such as small-sized nuclear reactors and hydrogen. The energy-to-retail business group made the announcement as it joined a handful of other major [...]
SEOUL, May 26 (Korea Bizwire) — LG Group said Thursday it plans to invest 106 trillion won (US$83.7 billion) in electric vehicle batteries and other key business areas by 2026 in the latest massive expenditure plan by a South Korean conglomerate. South Korea’s fourth-largest conglomerate said it has set aside 48 trillion won out of [...]