SEOUL, July 15 (Korea Bizwire) — South Korea’s major telecom operators promised to invest up to 25.7 trillion won (US$21.4 billion) to establish a nationwide 5G infrastructure by 2022, the ICT ministry said Wednesday, in a move to boost the economy. The country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus [...]
New York, NY, July 14 (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 (together “GIP Spectrum”, “Spectrum” or the “Fund”), previously closed on a $67.5 million participation in an aggregate $75.0 million Second Lien Term Loan [...]
SEJONG, July 14 (Korea Bizwire) — South Korea will invest 160 trillion won (US$133 billion) by 2025 under its bold stimulus step, the “Korean New Deal,” projects that will help create 1.9 million jobs and kick-start the coronavirus-hit economy, Finance Minister Hong Nam-ki said Tuesday. Hong unveiled what the government calls “Digital and Green New [...]
MONACO, PRINCIPALITY OF MONACO, July 14 (Korea Bizwire) – 3B Future Health Fund, previously known as Helsinn Investment Fund S.A., SICAR, today announces that it has invested in iOnctura SA, a clinical stage biopharmaceutical company developing a pipeline of next generation molecules targeting cancer and fibrosis. iOnctura has raised an additional EUR 5.1 million bringing iOnctura’s [...]
SEOUL, July 14 (Korea Bizwire) — South Korean investors in gold have posted sky-high returns this year amid strong safe-haven demand caused by the coronavirus pandemic, data showed Tuesday. Gold changed hands at 261,423 won (US$217) per 3.75 grams on the Korea Exchange as of Friday, up a whopping 23.3 percent from the start of [...]
SEOUL, July 2 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Thursday it will invest 800 billion won (US$667 million) as planned in the coming years, despite the new coronavirus outbreak. GM Korea President and CEO Kaher Kazem reaffirmed the company’s commitment during his visit to the company’s [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Thursday it will invest US$20 million in two U.S. tech funds to foster future mobility startups. Hyundai Mobis will invest in ACVC Partners and MOTUS Ventures as it seeks to preemptively secure future mobility technologies in the fields of [...]
VICTOR, N.Y., June 29 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today its commitment to a multi-initiative social justice action plan aimed to achieve greater equity for African American/Black colleagues at Constellation, within the beverage alcohol industry, and within the communities they operate in. “The conditions that [...]
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 [...]