SEOUL, April 18 (Korea Bizwire) — Lotte Biologics Co., a pharmaceutical unit under the South Korean retail giant Lotte Group, said Tuesday it will invest US$48 million into its recently acquired U.S. plant to upgrade and boost its production capacity. The Korean company purchased the factory from global biopharmaceutical company Bristol Myers Squibb in Syracuse, [...]
SEOUL, April 16 (Korea Bizwire) — The governor of South Korea’s most populous province has attracted a combined 4 trillion won (US$3.06 billion) in investment from four companies during his first trip to the United States, the provincial government said Sunday. Kim Dong-yeon, governor of Gyeonggi Province, held an investment attraction event in New York [...]
SEOUL, April 10 (Korea Bizwire) — South Korea will invest 13.5 trillion won (US$10.23 billion) in key industry sectors, including semiconductors, secondary batteries and nuclear power generation, by 2030 to achieve innovative technologies and spur economic growth, the industry ministry said Monday. The government plans to conduct 40 research and development projects in 11 major [...]
HANOI, April 10 (Korea Bizwire) — South Korean companies’ investment in Vietnam plunged more than 70 percent in the first quarter of this year amid tougher local regulations and a global economic slump, data showed Monday. South Korean firms’ investments in the Southeast Asian country totaled US$474 million in the January-March period, down 70.4 percent from [...]
SEOUL, April 6 (Korea Bizwire) — South Korea will funnel a total of 160 trillion won (US$122 billion) into research and development to foster research capabilities in the three key technology sectors of semiconductors, displays and next-generation batteries by 2027, the science ministry said Thursday. Under the road map submitted to a government meeting, the [...]
SEOUL, April 4 (Korea Bizwire) — President Yoon Suk Yeol visited the Asan campus of Samsung Display Co. on Tuesday to celebrate a new large-scale investment deal between the company, and materials, parts and equipment makers, his office said. Samsung Display, the display panel making unit of Samsung Electronics Co., held a ceremony at its [...]
SEOUL, April 3 (Korea Bizwire) — South Korean display maker LG Display Co. on Friday announced that it would delay its investment in a large OLED production facility to March 2028 from the original date of March 31. The primary factor behind this decision is the sluggish market demand that has resulted from the global [...]
SEOUL, March 31 (Korea Bizwire) — A majority of foreign-invested companies with a presence in South Korea are considering expanding their investment in this country, the business lobby group said Thursday. The Korea Chamber of Commerce and Industry (KCCI) conducted a survey of 95 foreign-invested businesses and found that 64.2 percent of the respondents said [...]
SEOUL, March 23 (Korea Bizwire) — SK Innovation Co., a major South Korean energy company, said Thursday it has invested an additional US$50 million in Amogy Inc., a U.S. developer of an ammonia-based fuel cell platform, expanding the investment in sustainable fuels. SK Innovation took part in the latest $139 million Series B-1 funding round [...]
SEOUL, March 9 (Korea Bizwire) — SK Networks Co., a trading and ICT distribution unit under SK Group, said Thursday it has acquired a 2.6 percent stake in a U.S. artificial intelligence (AI) startup, in its latest investment in AI technologies. SK Networks spent US$22 million in direct and indirect investments in the $100 million [...]