SEOUL, Feb. 15 (Korea Bizwire) – South Korean mobile carriers are likely to cut this year’s facility investment to around 2010 levels, industry watchers said Monday, casting doubt over their promises to provide better services. SK Telecom Co., KT Corp. and LG Upluc Corp. are expected to invest a combined 6 trillion won (US$4.96 billion) [...]
SEOUL, Feb. 10 (Korea Bizwire) – Samsung Electronics Co. is expected to reduce its facility investment in the chip business on-year in 2016, data showed Wednesday, while its rivals are estimated to expand their expenditures to catch up to the top player. According to the data compiled by industry tracker TrendForce, Samsung Electronics is estimated [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Wednesday it will invest 527.2 billion won (US$435 million) to expand its solar module production facilities as part of an effort to secure a new growth engine. Under the plan, LG Electronics will add six more production lines to its solar module plant based in [...]
SEJONG, Dec. 23 (Korea Bizwire) - Foreign direct investment (FDI) in South Korea surpassed the US$15 billion mark this year for the first time ever, driven by a free trade pact with China and more favorable business conditions, the government said Wednesday. As of Tuesday, the amount of FDI that arrived in the country reached $15.19 [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s trade minister met Friday with members of the European Chamber of Commerce in Korea (ECCK) to exchange views on how best to improve business investment conditions in the country. At the breakfast meeting in Seoul, outlined to European businessmen measures taken by the government to ease restrictions [...]
Afreeca TV has announced that it will be officially launching its new ‘FreeCap’ service, which allows users to invest in overseas futures through social trading methods. (Image : Firmbee / Pixabay) SEOUL, Nov.29 (Korea Bizwire) – Afreeca TV has announced that it will be officially launching its new ‘FreeCap’ service, which allows users to invest [...]
SEOUL, Nov. 27 (Korea Bizwire) - South Korean panel maker LG Display Co. said Friday it plans to invest 1.8 trillion won (US$1.56 billion) in a facility to tap deeper into the organic light-emitting diode (OLED) segment. Under the plan, the South Korean panel maker will build a new factory in Paju, north of Seoul, which [...]
SEOUL, Nov. 23 (Korea Bizwire) – A subsidiary of Chinese conglomerate Suning Universal has decided to invest US$209 million in FNC Entertainment, the South Korean entertainment agency said Monday. FNC Entertainment said it will issue about 1.7 million new shares to Suning Universal Media Co. to raise 336.9 billion won (US$290.8 million) in capital. “Through [...]
SEOUL, Nov.16 (Korea Bizwire) – The Small and Medium Business Administration (SMBA) has announced that it will allow venture funds to invest directly in intellectual property rights to meet the demand, and to encourage small and medium businesses to use their intellectual property. Previously, investments from venture funds were restricted to company shares and business [...]
SEOUL, Oct. 4 (Korea Bizwire) – The financial regulator said Sunday that it will allow public and private pension funds to invest in exchange traded funds (ETFs) in a bid to provide a safer and decent yield-generating investment tool in the low rate environment. An ETF refers to an investment fund traded on stock exchanges [...]