SEOUL, May 11 (Korea Bizwire) — SK Holdings Co., the holding firm of South Korean energy and telecoms conglomerate SK Group, said Monday it has invested in Singapore’s Hummingbird Bioscience in the latest move to secure technology for antibody-based medicines. SK Holdings said it has participated as a major investor in the investment worth about [...]
SEOUL, May 11 (Korea Bizwire) — Individual investors accumulated 50 trillion won (US$41 billion) in stocks and stock investment deposits, holding greater influence over the benchmark index since the beginning of the year, data showed Monday. From Jan. 2 to May 8, retail investors bought a net 30.8 trillion won worth of local shares, 26.1 [...]
SEOUL, May 11 (Korea Bizwire) — Foreign investors have ramped up their investment in South Korean bonds this year amid the country’s relatively favorable economic conditions, data showed Monday. Offshore investors held 140.9 trillion won (US$115 billion) worth of listed government and corporate bonds as of end-April, up 17 trillion won from the end of [...]
SEOUL, April 27 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker by sales, said Monday it is considering investing in an Israeli smart glass startup for cooperation in next-generation vehicles. Hyundai’s potential investment in Gauzy Ltd., which manufactures liquid crystal glass panels, known as smart glass, for use in a variety of industries [...]
SEOUL, April 16 (Korea Bizwire) — South Koreans’ overseas securities investment soared in the first quarter, largely on hopes that the coronavirus-hit stock prices may rebound down the road, data showed Thursday. The local investors’ transactions of overseas securities in January-March came to US$66.6 billion, up 68.2 percent from the previous quarter, according to the [...]
SEOUL, April 6 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., is facing a new survival crisis for the first time in nine years, after its parent decided not to inject addition funds into the company. Mahindra Group’s car manufacturing affiliate opened a special board meeting [...]
SEOUL, April 3 (Korea Bizwire) — The portion of real estate investments by wealthy Koreans with more than 1 billion won (US$814,800) in financial assets has decreased over the past six years, according to a recent report. The preference of index-linked products, which have been considered the most sought-after financial instruments by the rich, also [...]
Bedford, Mass., March 31 (Korea Bizwire) — Greater Boston-based biotech Conagen has received a strategic investment from Sumitomo Chemical, global chemical company in Japan. The investment will accelerate Conagen’s synthetic biology research and development contributing to a clean and sustainable planet. Both Sumitomo Chemical and Conagen share a vision of bio-designing and introducing sustainable green chemicals to the market for reducing [...]
SEOUL, March 10 (Korea Bizwire) — South Korea is expected to be the second-biggest spender on semiconductor manufacturing equipment this year, industry data showed Tuesday, as the global chip industry is likely to make a recovery despite the novel coronavirus outbreak. South Korea, home to major memory chip producers Samsung Electronics Co. and SK hynix [...]
SEOUL, March 9 (Korea Bizwire) — With the novel coronavirus outbreak hampering all private investor seminars and investment counseling by securities companies, investment content published on YouTube and other online programs is gaining popularity. The web seminar on investment strategy conducted by Mirae Asset Global Investments, South Korea’s leading asset management firm on April 27 [...]