SEOUL, Nov. 11 (Korea Bizwire) — As retirement pension funds shift their focus from savings to investment, products such as target date funds (TDFs) and exchange traded funds (ETFs) are growing at a blistering pace. The reserves for defined contribution (DC)-type retirement pension and individual retirement pension (IRP) products totaled 63 trillion won (US$53.1 billion) [...]
SEOUL, Nov. 10 (Korea Bizwire) — Hyundai Heavy Industries Holdings Co. (HHIH), the world’s largest shipbuilding group, said Wednesday it will launch a 34 billion-won (US$28.8 million) fund to support promising startups in the digital health care and bio industries. The fund will help the company advance into the digital health care market and seek [...]
SEOUL, Nov. 3 (Korea Bizwire) — South Korean food and entertainment giant CJ Group said Wednesday it will invest more than 10 trillion won (US$8.5 billion) in four future growth engines over the next three years. The conglomerate said the four sectors consist of culture, platform, wellness and sustainability. “CJ will ramp up efforts to [...]
SEOUL, Nov. 2 (Korea Bizwire) — SK Group Chairman Chey Tae-won has vowed to spend about US$26 billion on electric vehicle (EV) batteries, hydrogen and other eco-friendly businesses in the United States in a move to join U.S. efforts to reduce greenhouse gas emissions. The figure is part of $52 billion set aside by South [...]
RALEIGH, N.C., Nov. 1 (Korea Bizwire) — Workplace Options (WPO), a leading independent wellbeing provider headquartered in Raleigh, NC, announced today it has entered into a definitive agreement with WindRose Health Investors, LLC, (“WindRose”) a private equity firm specializing in healthcare. Workplace Options is responsible for the emotional, practical, and physical wellbeing support of more [...]
SEOUL, Nov. 1 (Korea Bizwire) — SKC Co., a chemical unit of South Korea’s No. 3 conglomerate SK Group, said Monday it will invest US$33 million in a British battery materials maker with two private equity funds and other investors in a bid to tap into the fast-growing sector. SKC will form a consortium with [...]
ATLANTA, Oct. 28 (Korea Bizwire) — The U.S. state of Georgia on Thursday welcomed SKC Co.’s decision to build a glass-based substrate plant there, saying it would help create jobs. Hailing SKC’s decision as an unprecedented big project, Georgia Gov. Brian P. Kemp tweeted that it would help create more jobs and shows the state is [...]
LONDON, Oct. 26 (Korea Bizwire) — CitizenMe has announced an investment of $2 million in a round led by the North East Venture Fund (NEVF), supported by the European Regional Development Fund, and managed by Mercia, with participation from 1818 Venture Capital. The money will fund its mission to “fix the internet”. CitizenMe leads the category with [...]
SEOUL, Oct. 26 (Korea Bizwire) — Kakao Entertainment, an entertainment arm of tech giant Kakao Corp., said Monday it will participate in Metaverse Entertainment, a subsidiary of game developer Netmarble F&C Inc., as a strategic investor. The company will acquire 80,000 new shares for 12 billion won (US$10.2 million) through a third party allotment in [...]
SEOUL, Oct. 18 (Korea Bizwire) — SK E&S Co., the natural gas provider under SK Group, said Monday it will invest some 500 billion won (US$421 million) in its U.S. affiliate, SK E&S Americas, to buy a stake in a U.S. renewable energy firm. In a regulatory filing, SK E&S said it will buy 505 [...]