SEOUL, Aug. 27 (Korea Bizwire) — Foreign companies that earned considerable profits in South Korea last year were relatively indifferent to investment, employment, and other means of contributing to Korean society. Industry tracker CEO Score analyzed 43 foreign businesses included in last year’s top 500 companies in South Korea, revealing that their investment last year [...]
SEOUL, Aug. 19 (Korea Bizwire) — Large South Korean companies’ investment surged nearly 16 percent in the first half of the year despite a fall in earnings due to the coronavirus outbreak, a corporate tracker said Wednesday. Combined investments by 374 major businesses in Asia’s fourth-largest economy came to 43.3 trillion won (US$36.6 billion) in [...]
SEOUL, Aug. 11 (Korea Bizwire) — Samsung Biologics, a biopharmaceutical unit of South Korea’s largest conglomerate Samsung Group, said Tuesday that it will build a fourth plant in the country in response to rising manufacturing demand. The 1.7 trillion-won (US$1.4 billion) plant in Songdo, western Incheon, will have a bioreactor capacity of 256,000 liters, the [...]
SEOUL, Aug. 5 (Korea Bizwire) — Global streaming giant Netflix Inc. has topped South Korea’s over-the-top (OTT) service ranking in the four years since its debut, largely thanks to a localization strategy focused on investing massive sums into the production of local content, experts say. Initially, Netflix faced unwilling customers who weren’t used to the [...]
SEOUL, Aug. 3 (Korea Bizwire) — SM Entertainment, a leading K-pop label-agency behind groups such as EXO, Red Velvet and NCT 127, said Monday it has secured an investment of 100 billion won (US$83.8 million) from the country’s top internet portal operator, Naver, strengthening their partnership in areas of online concerts and fan community platform. [...]
HALIFAX, Nova Scotia, July 23 (Korea Bizwire) – Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce a non-brokered private placement of approximately C$20 million (“Private Placement”), led by a $15 million strategic investment from Mr. Eric Sprott. Paradigm Capital acted as lead financial advisor to Erdene on the transaction. Haywood [...]
SEOUL, July 21 (Korea Bizwire) — An accelerator for tech startups operated by Naver Inc., South Korea’s largest internet portal operator, said Tuesday it has made new investments in two promising tech startups. Naver’s D2 Startup Factory, also known as D2SF, said it has selected the two startups that have expertise in developing solutions that [...]
SEOUL, July 17 (Korea Bizwire) — Daelim Industrial Co., a major construction and petrochemical player in South Korea, said Friday that it will invest US$50 million in its synthetic rubber unit, Cariflex, to meet growing demand for rubber latex amid the coronavirus pandemic. The facility investment will double the annual production capacity of synthetic rubber [...]
SEOUL, July 17 (Korea Bizwire) — SK Holdings Co. said Friday it has invested an additional 100 billion won (US$83 million) in Chinese copper foil manufacturer Lingbao Wason Copper Foil in the latest move to solidify its electric vehicle (EV) battery business. The move came 15 months after the holding firm of South Korean energy [...]
SEOUL, July 16 (Korea Bizwire) — South Korea said Thursday it will spend 73.4 trillion won (US$60 billion) in the energy segment in line with its ambitious “New Deal” plan meant to transform the nation’s fossil fuel-reliant economy into an eco-friendly one. The projects could create around 659,000 jobs and help the country overcome the [...]