SEOUL, Aug. 17 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, said Tuesday it will invest 3.3 trillion won (US$2.8 billion) to expand its medium-and-small sized OLED display production capacity. The company said the investment, which will be made through March 2024, will be used in OLED facilities in [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea said Friday it plans to invest 186.5 billion won (US$160 million) to develop technologies for sensors which are widely used in sectors ranging from automobiles to mobile devices. The country will allocate the funds to local universities and businesses starting next year through 2028, according to the [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hanwha Systems Co., the defense and ICT unit of Hanwha Group, said Thursday it will invest US$300 million in London-based satellite communications company OneWeb to join the growing space development race in the private sector. Hanwha will acquire an 8.8 percent stake in the company through the investment, which [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korean technology giant Naver Corp. made a series of investments in four local startups this month as part of efforts to strengthen its online shopping business. Early this month, Naver invested 10 billion won (US$8.71 million) in online meat distribution startup Jeongyookgak. This investment cleared the way for [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Koreans’ interest in money-making strategies and health food rather than travel increased sharply after the outbreak of the COVID-19 pandemic, a survey showed Monday. According to a survey conducted by a travel platform operator Yanolja of 1,344 customers in their 20s to 40s, the share of the respondents [...]
SEOUL, Aug. 9 (Korea Bizwire) — The energy and telecom conglomerate SK said its investment arm, SK South East Asia, has invested US$60 million in BigPay, Malaysia’ leading fintech firm. The subsidiary of Malaysian low-cost carrier Air Asia Group offers a wide range of payment and remittance services in Malaysia and Singapore. In particular, itis [...]
SEOUL, July 30 (Korea Bizwire) — Samsung Electronics Co., Apple Inc. and Kakao Corp. were the three most popular stocks bought by the MZ generation in the early half of this year, a survey said Thursday. Shinhan Investment Corp., one of South Korea’s major financial investment companies, conducted a survey of 400,000 investors who opened [...]
SEOUL, July 26 (Korea Bizwire) — SK Inc., South Korean conglomerate SK Group’s holding company, said Monday it will team up with Chinese food company Joyvio Group to create a 100 billion won (US$86.7 million) fund focused on food tech startups and tap into the growing alternative food market. The two have signed a memorandum [...]
SEOUL, July 20 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Tuesday that it has decided to invest US$60 million to expand its stake in NuScale Power LLC., a U.S. small modular reactor (SMR) maker. Doosan Heavy already invested $44 million in the unlisted SMR maker in [...]
SEOUL, July 15 (Korea Bizwire) — Yanolja, a leading South Korean travel platform operator, said Thursday it has received a 2 trillion-won (US$1.75 billion) investment from Softbank’s Vision Fund, the second-largest investment into a South Korean company after $3 billion for e-commerce giant Coupang Inc. Yanolja, which has been seeking to go public, plans to [...]