SEOUL, Apr. 9 (Korea Bizwire) — Big companies in South Korea increased their investments in research and development (R&D) activities last year despite decreased earnings, a corporate data tracker said Tuesday. Their combined R&D investments rose 9.4 percent to 73.42 trillion won (US$54 billion) in 2023 from 67.14 trillion won a year earlier, according to [...]
SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won. Hyundai’s production workers, known [...]
SEOUL, Mar. 14 (Korea Bizwire) – The financial regulator said Thursday it revised a stewardship code for institutional investors to encourage them to join a corporate value-up scheme. The revised code urges institutional investors to “check to make sure the companies they invest in establish and implement long-term strategies to improve their corporate value,” and [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Korea’s industrial output inched up in January despite the marked fall in semiconductor production, data showed Monday. Industrial output gained 0.4 percent on-month last month, the third consecutive on-year increase, according to the data compiled by Statistics Korea. But the output in the overall mining manufacturing sector shed [...]
WASHINGTON, Feb. 28 (Korea Bizwire) – South Korean Foreign Minister Cho Tae-yul called on American entrepreneurs to “more actively” expand their investment in Korea, stressing Seoul’s endeavors to ensure a friendly business environment in the Asian country, his office said Wednesday. Cho made the call during Tuesday’s meeting with representatives from a series of companies, [...]
SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s finance ministry said Thursday it has agreed with Britain to launch a dialogue for investment cooperation as the two countries seek to expand bilateral ties. First Vice Finance Minister Kim Byoung-hwan signed the memorandum of understanding with his British counterpart, Lord Dominic Johnson, during their meeting in [...]
Investors with deep pockets seek refuge in GDP Capital’s PE-BOND Fund amidst turbulent markets KUALA LUMPUR, Malaysia, Jan. 09, 2024 (Korea Bizwire) — The COVID-19 pandemic has unleashed unprecedented economic turmoil, resulting in contracting markets and dwindling returns worldwide. Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape. [...]
SEOUL, Jan. 3 (Korea Bizwire) – Following the Korean government’s announcement that it would ease the capital gains tax on stocks, a significant shift in investment has been observed towards sectors like secondary batteries. According to the Korea Exchange, since the government’s announcement that it would relax the threshold for imposing transfer taxes from the existing [...]
SEOUL, Dec. 14 (Korea Bizwire) — Saudi Arabia is open to partnering with South Korea in joint mine investments in third countries to help Seoul strengthen its supply chain resilience involving rare earth minerals, a senior Riyadh official said Thursday. In an interview with Yonhap News Agency held in Seoul, Bandar Alkhorayef, Saudi minister of [...]
SEOUL, Dec. 4 (Korea Bizwire) — About half of big firms in South Korea remain undecided on their investment plans for next year, according to a survey released Monday, an indication of how many companies are going through economic uncertainties. In the survey conducted by polling agency Mono Research on the leading 500 companies in [...]