SEOUL, Feb. 7 (Korea Bizwire) — Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), has made an equity investment worth about 1 trillion won in South Korean game publisher Nexon Co. Some market watchers interpreted this investment as a sign that Tokyo-listed Nexon’s business potential was recognized by the PIF, which [...]
SEOUL, Feb. 4 (Korea Bizwire) — An increasing number of South Korean young people are turning to so-called ‘Sneaker Tech’, in which they can make profits by buying and selling rare used sneakers. A YouTube video went viral last month when a department store in Daegu sold limited-edition Nike golf shoes. As soon as the [...]
SEOUL, Feb. 3 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Thursday that it has invested US$5.4 million in an Indian sports game developer, Nautilus Mobile. It is Krafton’s first investment in an Indian game development studio. Nautilus is a sports game developer that [...]
Boston, Feb. 2 (Korea Bizwire) — Gordon Brothers, the global advisory and investment firm, has made a majority investment in Nicole Miller. The global, eponymous fashion and lifestyle brand was founded by Nicole Miller in 1982 and has become one of the premier names in American fashion. In addition to its womenswear collections, the company [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korean game developer Kakao Games Corp. said Wednesday it has invested US$20 million in U.S.-based independent game developer Frost Giant Studios in line with its efforts to increase its global profile. The game affiliate under Kakao Corp., which operates South Korea’s most-used mobile messenger KakaoTalk, said it made [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean businesses’ investment in Vietnam, a centerpiece of South Korea’s New Southern Policy, has declined sharply amid weakened investment sentiment. According to statistics released by the Vietnamese Ministry of Planning and Investment, the number of South Korea’s investments in Vietnam totaled 1,942 cases last year, down 30.3 percent [...]
TORONTO and LONDON and NEW YORK, Jan. 24 (Korea Bizwire) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today it has entered into an agreement to make a strategic investment in Basalt Infrastructure Partners LLP (“Basalt”), a leading transatlantic infrastructure investment management firm with more than $8.5 billion [...]
SEOUL, Jan. 14 (Korea Bizwire) — SK Networks Co., the general trading arm of South Korean conglomerate SK Group, said Friday it has invested US$12 million in a U.S. biotech startup specializing in making alternative leather. SK Networks took part in a round of $126 million funding for MycoWorks, a Silicon Valley-based biomaterials company, and [...]
SEATTLE, Jan. 13 (Korea Bizwire) — DoubleDown Interactive (NASDAQ: DDI) (“DoubleDown” or the “Company”), a leading developer and publisher of digital social casino games, announced today that it has recently completed a $1.5 million investment in Epic Games. Epic Games is a leading interactive entertainment company and provider of 3D engine technology. Epic Games operates [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Korea is expected to become the biggest investor in chip fabrication facilities this year, a global industry association said Thursday. According to SEMI, a global industry association representing the electronics manufacturing and design supply chain, South Korea is forecast to rank at the top of fab equipment spending [...]