NEW YORK, NY, June 25 (Korea Bizwire) — Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor, announced today that its credit fund, GIP Spectrum Fund, L.P., along with its affiliates and co-investors (together “GIP Spectrum”, “Spectrum” or the “Fund”), has closed on the purchase of $325 million of an aggregate $400 million senior [...]
ALPHARETTA, Ga., June 23 (Korea Bizwire) — Today, Aptean, a global provider of mission-critical, industry-specific enterprise resource planning (ERP) and supply chain solutions, announced that funds affiliated with Charlesbank Capital Partners, a leading private equity firm focused on middle-market companies, has signed a definitive agreement to make a strategic growth investment in the company. Charlesbank will join [...]
SEOUL, June 18 (Korea Bizwire) — Volvo Car Korea said Thursday it will invest 150 billion won (US$124 million) over the next three years to expand its after-sales service centers to better serve customers. Volvo Car Korea plans to nearly double the number of service centers to 52 and that of repair centers to 312, [...]
SEOUL, June 12 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest automaker, said on Friday that it will invest 70 million euros (US$79 million) to expand its engine production facility in Slovakia. The affiliate of Hyundai Motor Group said it plans to complete the expansion of the engine production line at its plant in [...]
NEW YORK, June 4 (Korea Bizwire) – Nasdaq (Nasdaq: NDAQ) announced today that its investment arm, Nasdaq Ventures, has taken a minority stake in the UK-based financial crime investigation automation company Caspian. In addition, Nasdaq’s Market Technology business has forged a partnership with Caspian to support the growth of the business within the Financial Crime business verticals. With this additional [...]
SEOUL, June 2 (Korea Bizwire) — SK Group, South Korea’s No. 3 conglomerate, said Tuesday it has become a major shareholder of Vietnamese pharmaceutical firm Imexpharm as part of efforts to diversify its business portfolio in the Southeast Asian country. The energy and telecom conglomerate SK said its investment arm, SK South East Asia Investment [...]
SEOUL, June 1 (Korea Bizwire) — South Korean chemicals maker SKC Co. said Monday that it will invest 120 billion won (US$98 million) to build a new plant for its copper foil subsidiary in an effort to help cement the latter’s market position. The company will break ground on SK Nexilis’ sixth plant in the [...]
SEOUL, May 27 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest 1 trillion won (US$812 million) in research and development projects this year. In its 2020 sustainability report, Hyundai Mobis said it will invest in 2,000 R&D projects involving next-generation vehicles and expand its R&D workforce [...]
SEOUL, May 19 (Korea Bizwire) — Individual investors are flocking to direct stock investment, choosing to bet on their own picks over brokerage houses’ funds, data showed Tuesday. Outstanding margin loans came to 9.95 trillion won (US$8.14 billion) as of Friday, up 10.1 percent from a month ago, according to the data from the Korea [...]
SEOUL, May 17 (Korea Bizwire) — South Korea’s major business groups increased their spending by 22 percent in the first quarter of the year in the face of the new coronavirus outbreak, industry data showed Sunday. According to the data compiled by industry tracker CEO Score, 373 companies affiliated with 59 business groups spent 21.78 [...]