TORONTO, Sept. 19 (Korea Bizwire) — AGF Management Limited (TSX:AGF.B) today confirms a merger between Smith & Williamson and Tilney to create the U.K.’s leading integrated wealth management and professional services group with over £45 billion in assets under management and £500m of revenues. “AGF would like to congratulate Smith & Williamson and Tilney on [...]
NEW YORK, Sept. 17 (Korea Bizwire) — Koelis SAS (“Koelis” or the “Company”) and InnovaHealth Partners, LP (“InnovaHealth”) jointly announced today along with Medevice Partners (“Medevice”) that InnovaHealth has made a growth equity investment in Koelis and acquired a majority interest in the Company. Koelis is a leadership innovator in the market for image-guided systems [...]
NASHVILLE, Tenn., Sept. 17 (Korea Bizwire) — Digital Reasoning, a leader in Artificial Intelligence (AI) that understands human intentions and behaviors, today announced a strategic investment from SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered Bank, bringing its Series D-1 funding round total to $40 million. In addition to this investment, [...]
SEOUL, Sept. 17 (Korea Bizwire) — Investments supported by so-called robo advisors, or computer programs that make financial decisions, outperformed the overall market in South Korea last month, when the local stock market remained bearish, data showed Tuesday. According to the data from Koscom Corp., the system manager of the Korean bourse operator Korea Exchange, [...]
SEOUL, Sept. 9 (Korea Bizwire) — Hyundai Motor Group, South Korea’s biggest automotive group, said Monday it has invested in Europe’s largest fast electric vehicle (EV) charging service provider to further push up sales of its battery-powered cars in the continent. The group, which owns Hyundai Motor Co. and Kia Motors Corp., signed a deal [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s financial regulator said Wednesday it will ease some rules on financial firms investing in fintech firms, as part of its effort to promote the fintech industry. The new guideline, unveiled by the Financial Services Commission (FSC), will expand the scope of fintech firms for which financial firms’ [...]
London, Sept. 3 (Korea Bizwire) - CNH Industrial N.V. (NYSE: CNHI / MI: CNHI), today announced its intention to enter into a strategic and exclusive Heavy-Duty Truck partnership with Nikola Corporation, based in Phoenix, Arizona, U.S.A., to accelerate industry transformation towards emission neutrality of Class 8 / Heavy-Duty Trucks in North America and Europe through the [...]
SEOUL, Sept. 3 (Korea Bizwire) — Nongshim Co., South Korea’s top instant noodles maker, announced a plan on Tuesday to spend US$200 million in constructing a new factory in the United States as it aims to meet growing demand there. Its second factory, to be built in Corona, California, will manufacture instant noodle products ranging [...]
SEOUL, Aug. 28 (Korea Bizwire) — BMW Group Korea said Wednesday it will invest 43 billion won (US$35 million) to expand its logistics and driving centers in South Korea in a move to regain consumer confidence following massive recalls. BMW plans to make an additional investment of 30 billion won in the Regional Distribution Center [...]
SEOUL, Aug. 28 (Korea Bizwire) — Investment by South Korea’s major conglomerates plunged 23 percent on-year in the first half of the year due mainly to flagging chip and display businesses, a corporate tracker said Wednesday. Investment by 353 subsidiaries of 59 business groups totaled 36.9 trillion won (US$30.4 billion) in the January-June period, compared [...]