SEOUL, Dec. 10 (Korea Bizwire) — POSCO International Corp., the trading arm of steel giant POSCO, said Friday it has acquired an Australian gas producer for 372 billion won (US$315 million). POSCO International took over a 50.1 percent stake in Senex Energy Ltd., with Australia’s local company Hancock Energy acquiring the remaining stake, the company [...]
SEOUL, Dec. 8 (Korea Bizwire) — SK Gas Co., a key energy unit of South Korea’s No. 3 conglomerate SK Group, said Wednesday it has invested in a U.S. startup that has the original decarbonizing technology to produce clean hydrogen, as part of efforts to advance its transition to clean energy. SK Gas did not [...]
SEOUL, Dec. 7 (Korea Bizwire) — Krafton Inc., a South Korean gaming giant behind the global smash hit “PlayerUnknown’s Battlegrounds” (PUBG), said Tuesday that it has invested US$6 million in an Arabic mobile games publisher The investment into Tamatem Games is part of a funding round worth $11 million that includes other investors, such as [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korea’s senior investors over 60 years of age are actively investing in foreign stocks as returns in the domestic stock market remain uninspiring. The number of foreign stock accounts held by domestic retail investors stood at around 3.9 million in late October, double the roughly 1.9 million recorded [...]
SEOUL, Nov. 29 (Korea Bizwire) — Competition is heating up among South Korean e-commerce operators to get the upper hand in the market. Regardless of losses, they are making aggressive investments while focusing on increasing their market share. Investment has primarily focused on logistics centers and marketing. E-commerce giant Coupang Inc., which recently raised funds [...]
SEOUL, Nov. 29 (Korea Bizwire) — Large companies and venture capitalists are aggressively investing in and exploring initial-stage startups that have relatively high risk of failure, as part of efforts to acquire stakes in such startups through ‘seed investment’ before their market value is pushed up. Local venture capital firm TBT Partners has invested about [...]
SEOUL, Nov. 25 (Korea Bizwire) — The so-called MZ generation, born between the early 1980s and early 2000s, is leading a new trend of buying products with considerable rarity in shares. Twig, an alternative investment firm, began accepting investors for a 1994 Ferrari Testarossa on Nov. 15. Each investor can pay 100,000 won (US$84) or [...]
SEOUL, Nov. 24 (Korea Bizwire) — Hanwha Solutions Corp., a chemical and energy unit of South Korean conglomerate Hanwha Group, said Wednesday it is investing US$100 million in a U.S. data center- tech company as it seeks to expand its sustainable power grid business in America. The investment will give Hanwha Solutions a stake and [...]
SEOUL, Nov. 16 (Korea Bizwire) — SK Inc., the holding company of South Korea’s No. 3 conglomerate SK Group, said Tuesday it is in the final talks to invest in a U.S. gene therapy company, in its latest move to expand its foothold in global biopharmaceuticals. SK said it plans to sign a formal deal [...]
SEOUL, Nov. 14 (Korea Bizwire) — CJ Logistics Corp., the logistics arm of South Korean conglomerate CJ Group, said Sunday that it will invest 2.5 trillion won (US$2.12 billion) by 2023 in a project to be reborn as an “innovative technology” firm, especially by strengthening platform-related businesses. The investment is largely aimed at upgrading its [...]