SEOUL, Feb. 17 (Korea Bizwire) – Samsung Group, South Korea’s largest conglomerate, is expected to put most of its new business and investment plans on hold, at least temporarily, following the arrest of its heir-apparent Lee Jae-yong, market observers said Friday. Lee, the group’s de facto leader, was arrested early Friday on charges of bribery [...]
SEOUL, Feb. 15 (Korea Bizwire) – Nearly 6 in 10 South Korean venture companies go belly-up within three years after establishment due to an insufficient investment system and difficulties finding a market, a report showed Wednesday. According to the report compiled by the Korea Chamber of Commerce and Industry (KCCI), the number of venture startups [...]
HANOI, Feb. 9 (Korea Bizwire) – Vietnam’s prime minister on Thursday asked for increased investment from South Korean firms, promising to improve the corporate environment for foreign corporations. In a meeting with Park No-hwang, president and CEO of Yonhap News Agency, Vietnamese Prime Minister Nguyen Xuan Phuc asked that Korea “maintains the lead in foreign [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea said Tuesday it will ease some restrictions on the ceiling of how much people can invest through crowdfuding. Currently, the general public is allowed to invest up to 5 million won (US$4,370) per year due to the risks involved with the new type of investment mostly based [...]
SEOUL, Feb. 7 (Korea Bizwire) – South Korea’s state pension fund plans to invest nearly 10 trillion won (US$8.8 billion) in top-cap Samsung Electronics and other domestic stocks this year, a senior official said Tuesday, sparking hopes it could help boost the local stock market. The planned investment would raise stock investments by the National [...]
SEOUL, Feb. 6 (Korea Bizwire) – The total value of South Korean stocks under foreign ownership has exceeded 500 trillion won (US$440 billion) for the first time on indications of a global economic recovery and improved earnings by some local giants, data showed Monday. Foreign investors owned 501.9 trillion won worth of shares here as [...]
SEOUL, Jan. 19 (Korea Bizwire) – The Ministry of Trade, Industry & Energy announced Wednesday that it will invest 245.1 billion won ($208 million) this year to help Korea’s dwindling shipbuilding industry diversify and hopefully breathe life into the sector. The investment will be divided into four areas – R&D (5 billion won), commercialization (4.5 [...]
TORONTO, Jan. 18 (Korea Bizwire) — Colliers International Group Inc. (NASDAQ:CIGI) (TSX:CIGI) (“Colliers“) announced today that it has expanded and extended its multi-currency revolving credit facility (the “Facility”) to reinforce its already strong financial position and increase its flexibility for future growth. Borrowing capacity has been expanded to US$700 million, from US$525 million, and the [...]
SEOUL, Jan. 18 (Korea Bizwire) – South Korea will establish a 3.5 trillion won (US$2.9 billion) fund to nurture startups and venture firms in the science and technology sectors to secure new growth engines, the science ministry said Wednesday. Under the comprehensive plan announced by the Ministry of Science, ICT and Future Planning, the fund [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Group may consider building additional production facilities in the United States, but only when or if a future rise in demand there requires it to do so, group officials said Tuesday. The remarks came after foreign news outlets, citing Hyundai Motor Group President [...]