investment Archives | Page 3 of 35 | Be Korea-savvy
S. Korean Steelmakers Beef Up Hydrogen-related Investments

S. Korean Steelmakers Beef Up Hydrogen-related Investments

SEOUL, Jan. 26 (Korea Bizwire) – South Korean steelmakers are doubling down on hydrogen-related investments, as part of efforts to overcome the ever-toughening environmental regulations as well as to create new growth engines. Industry experts say that in a situation where the steel industry is stigmatized as being devastating to the environment, the core competitiveness [...]

SK Innovation Invests in China’s EV Battery Swap Station Operator

SK Innovation Invests in China’s EV Battery Swap Station Operator

SEOUL, Jan. 21 (Korea Bizwire) — SK Innovation Co., a South Korean refinery-to-battery company, said Thursday it has invested in a Chinese battery swap system provider to step up its battery business in the world’s largest market. SK Innovation said it acquired a 13.3 percent stake in Blue Park Smart Energy Technology Co. (BPSE), a [...]

S. Korea to Invest 125 bln Won in AI Chips This Year

S. Korea to Invest 125 bln Won in AI Chips This Year

SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s ICT ministry said Tuesday it will invest 125.3 billion won (US$114.1 million) this year to support the development of neural processors, up 75 percent from last year. Neural processing units refer to high-performance and low-powered logic chips that specialize in artificial intelligence (AI) services, according to the [...]

Hyundai E&C Makes Equity Investment in AI-based 3D Design Solution Start-up

Hyundai E&C Makes Equity Investment in AI-based 3D Design Solution Start-up

SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Engineering & Construction Co., a leading South Korean builder, said Monday it will make an equity investment in a local start-up specializing in artificial intelligence (AI)-based 3D design solution, as part of efforts to preemptively introduce smart construction technology. TENELEVEN Inc., founded in 2014, is a start-up with [...]