SEOUL, Nov. 20 (Korea Bizwire) – U.S. semiconductor equipment maker Lam Research Corp. will build a technology center in South Korea, officials said Wednesday. Yongin city authorities signed a deal with Lam Research Korea, the South Korean unit of the U.S. company, earlier in the day to provide the supplier of wafer fabrication equipment and services [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korean investors are shifting their money into stocks out of safer bonds as risk appetite perks up on eased concerns over the U.S.-China trade spat, data showed Monday. Funds reserved for local stocks registered a net inflow of slightly over 320 billion won (US$276 million) in the one-month [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korean telecom giant KT Corp. said Wednesday it will invest 300 billion won (US$256.9 million) in the next four years to develop advanced artificial intelligence (AI) technologies in various areas. KT said it will develop AI tech in four areas — language, image, analysis and problem solving — [...]
SEOUL, Oct. 29 (Korea Bizwire) — Hyundai Card, a leading credit card issuer in South Korea, has agreed to launch a joint venture in Vietnam in its first direct overseas investment, the company said Tuesday. The company has signed an agreement to purchase a 50 percent stake in Vietnam’s Finance Company Limited for Community (FCCOM) [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s biggest auto parts maker, said Wednesday it will invest US$50 million in a U.S. light detection and ranging (LiDAR) company for autonomous driving technologies. Hyundai Mobis has recently partnered with Velodyne Lidar, a world-leading LiDAR sensors provider, in order to mass-produce Level 3 autonomous [...]
SEOUL, Oct. 18 (Korea Bizwire) — An accelerator for tech startups operated by the country’s largest internet portal operator Naver Inc. said Friday that it has made new investments in three promising startups, as part of its ongoing efforts to support promising entrepreneurs. Naver’s D2 Startup Factory, also known as D2SF, said that it has [...]
SEOUL, Oct. 14 (Korea Bizwire) — High-risk financial instruments that are designed to bet on Hong Kong’s stock market need to be carefully monitored amid concerns about potential losses, as massive democracy protests there have wobbled financial markets, an industry source said Monday. At the end of September, the outstanding amount of equity-linked trusts (ELTs) [...]
SEOUL, Oct. 10 (Korea Bizwire) — Samsung Display Co., a major display panel maker here, said Thursday it will invest 13.1 trillion won (US$10.9 billion) by 2025, to upgrade its liquid crystal display (LCD) production facilities and produce more advanced displays amid a slump and increased competition. Panel makers here, including its large local rival [...]
SEJONG, Sept. 25 (Korea Bizwire) — South Korea and Russia agreed Tuesday (Moscow time) to launch a fund for the industrial materials and parts sectors, and to speed up free trade negotiations, Seoul’s finance ministry said. During the annual meeting on economic cooperation between South Korea and Russia, held in Moscow, South Korean Finance Minister [...]
SEOUL, Sept. 24 (Korea Bizwire) — Samsung Group is planning to announce a massive investment plan next month to upgrade its display panel production facilities in South Korea, industry sources said Tuesday, as the nation’s largest conglomerate seeks to enhance profitability in the large display business with its latest technologies. Samsung is expected to unveil [...]