SEOUL, Aug. 24 (Korea Bizwire) — The governor of Poland’s Lodzkie Region on Thursday called on South Korean electronics and automobile companies to invest in the province which is rich in skilled workers and is a major transportation hub in Europe. Gov. Witold Stepien is visiting Seoul along with business executives from nine Polish [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major electronics firms — Samsung Electronics Co. and LG Electronics Inc. — are expected to allocate a record-high investment to research and development projects this year, industry watchers said Friday. According to the sources, Samsung Electronics invested 7.9 trillion won (US$6.9 billion) in research projects over the [...]
SEOUL, Aug. 7 (Korea Bizwire) — WeWork, a global shared office space provider, said Monday it will invest a combined US$500 million in South Korea and Southeast Asia as it attempts to expand its presence in the Asian market. Under the expansion plan, the New York-based company has appointed Matt Shampine, currently head of Marketing [...]
SEOUL, Jul. 27 (Korea Bizwire) — LG Display Co. said Thursday it will suspend making investments in liquid-crystal display (LCD) panels for TVs, and instead focus its efforts on developing the next-generation organic light-emitting diode (OLED) panels. “There will be no additional investment on LCD TVs,” said Han Sang-beom, the head of LG Display. “There [...]
ASKER, Norway, May 23 (Korea Bizwire) — TGS demonstrates counter-cyclical strategy as it increases 2017 Investment Guidance to approximately USD 260 million. TGS has successfully secured prefunding commitments from clients to support additional multi-client investments in 2017. The new investment guidance represents an increase of approximately 20% over 2016 multi-client investments. “I am delighted to [...]
SEOUL, May 17 (Korea Bizwire) – Foreign ownership of stocks traded on South Korea’s secondary stock market has reached a fresh high on expectations the country’s new government may take steps to boost smaller firms, data showed Tuesday. As of Thursday, offshore investors held 23.3 trillion won (US$20.8 billion) worth of shares traded on the [...]
SEOUL, May 14 (Korea Bizwire) – Penny stocks have been losers on South Korea’s main bourse this year, while stocks with higher prices have tended to be more profitable, data showed Sunday. According to the main bourse operator Korea Exchange, 19 stocks with a price tag below 1,000 won (US$0.89) posted a loss of 4.04 [...]
SEOUL, May 10 (Korea Bizwire) – Transactions by South Korea’s private equity firms slipped 30.4 percent on year in 2016 amid a lack of mega buyout deals, government data showed Tuesday. Local private equity groups invested a total of 8.9 trillion won (US$7.8 billion) last year, compared with deals worth 12.8 trillion won in 2016, [...]
SEOUL, May 8 (Korea Bizwire) – U.S. direct investment in South Korea fell last year for the first time since the 2008 financial crisis, central bank data showed Monday. The U.S. direct investment in South Korea totaled US$33.9 billion last year, down 1 percent from $34.2 billion a year ago, according to the data compiled [...]
SEOUL, April 24 (Korea Bizwire) – The direct offshore investments of South Korean companies rose to a record level last year, with that made to the United States nearly quadrupling the figures for China due largely to strong demand for business expansion in the world’s most advanced market, a report showed Monday. The foreign direct [...]