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Jeito Capital Co-leads EUR 80 Million Series B Financing in European Oncology Company, Precirix

Paris, France, March 16 (Korea Bizwire) – Jeito Capital (“Jeito”), a leading independent private equity firm dedicated to biotech and biopharma, today announces that it has co-led an investment of €80 million in Precirix, a clinical-stage biotechnology company developing precision radiopharmaceuticals in oncology. The Belgian biotech company was created in 2014 as a spin-off from the Vrije Universiteit [...]

Hanwha Systems Invests US$11 mln in U.S. Flat Panel Antenna Developer

SEOUL, March 16 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of South Korean conglomerate Hanwha Group, said Wednesday it has invested US$11 million in a U.S. flat panel satellite antenna developer, as it advances its push for space communications technologies. The latest funding for Kymeta Corp., located in the Washington state, [...]

SK Geocentric Invests US$55 mln in U.S. Plastic Waste Recycling Company

SEOUL, March 15 (Korea Bizwire) — SK Geocentric Co., a chemical materials unit of South Korean conglomerate SK Group, said Tuesday it has acquired a stake worth US$55 million in a U.S. plastic waste recycling startup, in a step to bolster its green business. It acquired the stake in PureCycle Technologies Inc., a Florida-based plastic [...]

Foreigners Turn Net Stock Sellers in February amid Ukraine Crisis

SEOUL, March. 11 (Korea Bizwire) — Foreigners withdrew more money from the stock market in South Korea than their investments last month as a risk-averse attitude grew amid heightened geopolitical risks from Russia’s invasion of Ukraine, central bank data showed Friday. Foreigners unloaded a net US$1.86 billion worth of local stocks in February, marking the [...]

Hyundai to Invest 95.5 tln Won in R&D, Facilities by 2030

SEOUL, March 2 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will invest 95.5 trillion won (US$79 billion) in facilities, R&D activities and other strategic purposes by 2030. Of the planned investments, Hyundai will spend 43.6 trillion won on facilities, 39.1 trillion won on R&D projects and 12.8 trillion won on strategic [...]

Institutions’ Foreign Securities Holdings Hit New High in 2021

SEOUL, March 2 (Korea Bizwire) — South Korean institutions’ investment in foreign securities touched a new all-time high in 2021 amid bullish overseas stock markets, central bank data showed Wednesday. The outstanding value of foreign securities held by local institutional investors stood at US$402.72 billion as of end-December last year, up $29.97 billion, or 8 [...]

Hyundai Mobis to Invest Up to 8 tln Won on Auto Chips, UAM, Robotics

SEOUL, Feb. 22 (Korea Bizwire) — Hyundai Mobis Co., the auto parts making unit of Hyundai Motor Group, plans to spend up to 8 trillion won (US$6.72 billion) in the next three years to bolster auto chips, mobility and other areas as its future growth drivers. The company unveiled the plan in a recent regulatory [...]

S. Korean Chipmakers to Invest 57 tln Won in Domestic Market This Year

SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s chipmakers vowed to expand their domestic investment this year to more than a combined 56.7 trillion won (US$47.36 billion) amid heated global competition and supply chain disruptions, the industry ministry said Wednesday. The plan was announced by the Korea Semiconductor Industry Association based on a recent survey [...]

ICT Ministry to Invest 130 bln Won in Data Projects This Year

SEOUL, Feb. 13 (Korea Bizwire) — South Korea’s ICT ministry said Sunday it plans to spend 129.8 billion won (US$108.2 million) on ramping up data projects this year, including distributing “data vouchers” to support small and medium-sized businesses. The latest investment comes as part of efforts to utilize data collected from the so-called Data Dam [...]

Lotte Chemical to Invest 602 bln Won in Advanced Materials Biz

SEOUL, Feb. 7 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Monday it is spending 602 billion won (US$502 million) to boost its advanced materials business, including building a new factory for electric vehicle battery materials. The company said it will spend about 233 billion won to [...]