SEOUL, May 16 (Korea Bizwire) — Celltrion Inc. will invest 40 trillion won (US$33.7 billion) and create 110,000 jobs by 2030 as the South Korean biosimilar firm moves to take a leap forward as a global player, the company’s chairman said Thursday. The company’s business roadmap centers on cooperating with local governments to make the [...]
SEOUL, May 16 (Korea Bizwire) — Energy-to-telecom conglomerate SK Group said Thursday it will invest US$ 1 billion in Vietnam’s leading conglomerate in a bid to expand its presence in the Southeast Asian market. SK Group said it has signed a deal to buy a 6.1 percent stake in Vingroup, with the deal also calling [...]
SEOUL, May 14 (Korea Bizwire) — Lotte Group, South Korea’s retail-to-chemicals conglomerate, has been accelerating its move to tap deeper into the United States, the world’s largest economy, with its cumulative investments reaching some US$4 billion in production facilities and other areas, industry sources said Tuesday. In its latest investment, Lotte Chemical Corp., the group’s [...]
SEOUL, May 13 (Korea Bizwire) — Investments in South Korean startups grew at a record pace in 2018, outstripping gains in the United States and China, data showed Monday. South Korean startups attracted a combined US$4.5 billion last year, up a whopping 106 percent from the previous year, according to the data from the Korea [...]
SEOUL, Apr. 28 (Korea Bizwire) – Korea Gas Corp. (KOGAS), a major gas supplier in the country, said Sunday that it plans to spend 4.7 trillion won (US$4.01 billion) on building hydrogen-producing facilities by 2030. Under the plan, KOGAS will construct 25 hydrogen-producing facilities and pipelines totaling 700 kilometers to transport the gas. By 2030, [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean companies lag far behind their Asian peers in Japan, China and Taiwan in research and development investment, a local think tank said Wednesday. Thirteen Korean companies made it to the ranks of the world’s top 500 R&D companies last year. South Korea ranked ninth in terms of [...]
SEOUL, Apr. 22 (Korea Bizwire) — South Korea’s government will invest nearly 3 trillion won (US$2.6 billion) this year into biotech-related research and development (R&D) and commercialization efforts as the country strives to promote innovative growth, sources said Monday. The earmarked spending marks a 2.9 percent on-year increase from 2018. The Ministry of Science and [...]
NEW YORK and SAN FRANCISCO, Apr. 3 (Korea Bizwire) — BNP Paribas, a leading European provider of banking and financial services, announces an equity investment in Forge Global, Inc. (“Forge”), the leading marketplace for pre-IPO securities, in addition to a strategic product collaboration. The collaboration will involve the development and distribution of investment products providing [...]
SEOUL, Mar. 27 (Korea Bizwire) — SK Innovation Co., South Korea’s largest refiner by sales, said Wednesday that it will invest 430 billion won (US$380 million) to build a lithium-ion battery separator (LiBS) plant in Poland, in a bid to meet growing demand for electric vehicle batteries. The company, also a major EV battery maker, [...]
SEOUL, Mar. 18 (Korea Bizwire) — Chinese account for 93 percent of all foreigners who acquired permanent residence in South Korea through investment, according to the IOM Migration Research and Training Center. The center revealed that in the 2010 to 2017 period, there were 1,901 cases of foreigners acquiring an Korean residence visas through investment. [...]