DAEJEON, Apr. 2 (Korea Bizwire) — South Korea will participate in a project to establish an ecosystem for intellectual property led by the Saudi Arabian government aiming to achieve its national goal of ‘Vision 2030’. Park Won-joo, Korean Intellectual Property Office (KIPO) Commissioner, and Mohammed Al-Swailem, the CEO of Saudi Authority for Intellectual Property, met [...]
SEOUL, Aug. 2 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Thursday it has launched its “#whatsnext” marketing campaign in Saudi Arabia following the Islamic country’s decision to allow women to drive cars. Saudi Arabia allowed women to drive cars for the first time on June 24. Hyundai said it released a [...]
SEOUL, Jul. 16 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount chain operator, said Monday its beauty brand is set to open a store in Saudi Arabia next week as the retailer moves to expand its presence in the overseas market. In November, the Korean firm signed an agreement with the kingdom’s major retail [...]
RIYADH, N.Y. and STOCKHOLM, Sweden, Dec. 4 (Korea Bizwire) — The Saudi Stock Exchange (Tadawul) and Nasdaq have officially signed an agreement to transform Tadawul’s post-trade technology infrastructure, which includes registry, depository and risk management technologies. In addition to the post-trade area, Nasdaq will continue to support the existing trading and market surveillance technology at Tadawul. The [...]
SEOUL, May 17 (Korea Bizwire) – SsangYong Motor Co., the South Korean unit of India’s automaker Mahindra & Mahindra Ltd., said Wednesday it has reentered Saudi Arabia after a four-year absence, as part of its efforts to expand into the Middle East market. The sport utility vehicle-centered carmaker withdrew from the oil rich country in [...]
SEOUL, Oct. 21 (Korea Bizwire) – Saudi Arabian billionaire Khaled bin Al Waleed bin Talal bin Abdul Aziz Al Saud will become the biggest shareholder of a South Korean machinery parts company, company officials said Thursday. The prince is to invest US$10 million into Suncore Inc., the company said, adding that the stocks are slated [...]
SEOUL, March 24 (Korea Bizwire) - South Korean TV sensation “Descendants of the Sun” has been exported to 27 countries and the number is set to grow, its production company said Wednesday. Next Entertainment World said that the burgeoning attention the drama has been attracting overseas raised the possibility of sealing more broadcasting contracts in the [...]
SEOUL, Dec.10 (Korea Bizwire) – Seoul National University’s Bundang Hospital in collaboration with SK Telecom and EZCaretech signed an agreement to export a Clinical Data Warehouse (CDW) to King Abdulaziz Medical City Riyadh, one of the most prestigious hospitals in Saudi Arabia, for $1.3 million. A CDW is a solution that can be used to [...]
SEOUL, Jul. 2 (Korea Bizwire) — POSCO signed a Share Purchase Agreement (“SPA”) with the Public Investment Fund (“PIF”) of Saudi Arabia for sale of POSCO E&C shares. The transaction brings in KRW1.24 trillion of foreign investment into Korea. On June 15, 2015, POSCO Chairman Kwon Oh-joon and PIF Secretary General Abdulrahman M. Al Mofadhi [...]
SEOUL, May 17 (Korea Bizwire) — POSCO Co., South Korea’s largest steelmaker, likely will sign a comprehensive cooperation deal with South Arabia’s sovereign wealth fund next month that includes the sale of a stake in its construction unit, industry sources said Sunday. POSCO was supposed to complete the deal with the Public Investment Fund (PIF) [...]