Invest Seoul
Scope
Date
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Korean startups
Hyundai invests $781 mn in startups to drive future innovation growth
Hyundai Motor Group's open innovation investment in domestic and foreign startups in fields like mobility and artificial intelligence (AI) has excee...
Jun 15, 2023 (Gmt+09:00)
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K-pop
Amorepacific runs events to mark BTS 10th anniversary
South Korean beauty and cosmetics giant Amorepacific Corp. has temporarily opened a staff-only space to BTS fans. The company’s Seoul h...
Jun 15, 2023 (Gmt+09:00)
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Travel & Leisure
Japanese travelers top list of reservations to visit Seoul during BTS Festa
Trip.com, a South Korean travel platform, announced on Wednesday that the most frequent overseas travelers to Seoul during the “BTS Festa&rdqu...
Jun 14, 2023 (Gmt+09:00)
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Entertainment
Seoul celebrates 10th anniversary of BTS debut in festive mood
Seoul is sprucing itself up to host a two-week celebration of the 10th anniversary of the global sensation BTS.The Seoul Metropolitan Government and...
Jun 13, 2023 (Gmt+09:00)
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Batteries
POSCO breaks ground on lithium hydroxide plant in S.Korea
POSCO Holdings Inc., the holding company of the world’s sixth-largest steel maker,held a groundbreaking ceremony on Tuesday to mark the commen...
Jun 13, 2023 (Gmt+09:00)
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Korean stock market
Goldman Sachs slashes Korean cathode stock targets; market ignores
Goldman Sachs Group Inc. has slashed the target prices of South Korean top cathode stocks, namely EcoPro BM Co. and POSCO Future M Co., by nearly ha...
Jun 13, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul is fourth most searched global city for summer travel: survey
The South Korean capital of Seoul is surging in global popularity as a summer travel destination amid the first peak summer season since COVID-19 we...
Jun 13, 2023 (Gmt+09:00)
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Corporate investment
SKC mulls investment in materials in Haiphong, Vietnam
South Korea's SKC has teamed up with Haiphong, a key industrial city in northeastern Vietnam, to reinforce the company's basis for global expansion ...
Jun 12, 2023 (Gmt+09:00)
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K-pop
BTS’ suits for 2021 Grammys to be exhibited in Seoul
A set of seven suits worn by K-pop sensation BTS at the 2021 Grammys is to be exhibited in Seoul this month to celebrate the 10-year anniversary of ...
Jun 12, 2023 (Gmt+09:00)
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Food & Beverage
CJ to open pop-up Korean restaurant for promising chefs in Seoul
South Korean food giant CJ CheilJedang Corp. in the second half of the year will open a pop-up Korean restaurant for up-and-coming chefs on the upsc...
Jun 12, 2023 (Gmt+09:00)
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Artificial intelligence
OpenAI’s Sam Altman seeks help from Korean startups, chipmakers
Sam Altman, chief executive of Microsoft-backed OpenAI and ChatGPT creator, said on Friday that he hopes to collaborate with South Korean developers...
Jun 09, 2023 (Gmt+09:00)
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Logistics
Hanjin to participate in operation of logistics center in Thailand
South Korea's Hanjin Transportation, a logistics unit of Hanjin Group, announced on Friday that it will open a 9,000-square-meter container freight ...
Jun 09, 2023 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock buys $860 mn stake in S.Korean gas supplier
Global asset manager BlackRock has bought a 30% stake in South Korea’s industrial gas supplier AirFirst Co. for 1.11 trillion won ($860 millio...
Jun 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis exceeds $770 bn in R&D investment in 2023
South Korea's car parts maker Hyundai Mobis is turning into a software-oriented mobility company by investing over 1 trillion won ($772.3 million)...
Jun 09, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea to discuss bilateral currency swap with Japan
South Korea plans to discuss with Japan the re-establishment of their bilateral currency swap line, said its finance minister on Thursday, as the di...
Jun 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai's journey from the Pony to world's No.3 carmaker
South Korea’s Hyundai Motor Co. will open its first retrospective exhibition this week, chronicling its 50-year-long journey from its start as...
Jun 08, 2023 (Gmt+09:00)
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AgTech
SK Networks to invest $2 mn in Dutch agtech startup
SK Networks Co., a South Korean trading company, announced on Thursday that it will invest $2 million in the series A round of Source.ag, a smart fa...
Jun 08, 2023 (Gmt+09:00)
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Robotics
KT to start outdoor robot delivery in Seoul from Q4
South Korea’s KT Corp. from the fourth quarter will start outdoor robot delivery of food and daily necessities in Seoul’s upscale distri...
Jun 08, 2023 (Gmt+09:00)
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Energy
Challenges, opportunities for Asia’s energy transition: GIG
Global investors injected more than $1 trillion into energy transition for the first time last year. South Korea poured in some $19 billion, becomin...
Jun 07, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai to supply 1,300 hydrogen buses in Seoul by 2026
Hyundai Motor Co., along with South Korean Ministry of Environment, the Seoul Metropolitan Government, SK E&S and Tmap Mobility, signed a memora...
Jun 07, 2023 (Gmt+09:00)
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Electronics
Samsung to showcase new Galaxy foldables in Seoul in July
Samsung Electronics Co., the world’s largest smartphone maker, will showcase new foldable smartphones in the Galaxy Z series next month for th...
Jun 07, 2023 (Gmt+09:00)
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Chemical Industry
Investment in battery raw materials raises sodium hydroxide prices
The price of sodium hydroxide or caustic soda, an essential component in the smelting of raw materials for producing batteries, is rising because So...
Jun 07, 2023 (Gmt+09:00)
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Robotics
Doosan Bobcat invests in US-based agtech company
Doosan Bobcat, the construction and agricultural machine making affiliate of South Korea’s Doosan Group, has announced on Wednesday a str...
Jun 07, 2023 (Gmt+09:00)
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K-pop
BTS releases trailer video ahead of 10th anniversary event
BTS released a trailer video on Wednesday ahead of their 10th debut anniversary event "2023 BTS Festa".by Si-Ook Ahnsiook95@hankyung.com...
Jun 07, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Electronics makes 17-fold gains from investment in ASML
Slightly more than a decade ago, ASML Holding N.V. had to reach out to its customers such as Samsung Electronics Co., Intel Corp. and Taiwan Semicon...
Jun 05, 2023 (Gmt+09:00)
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Retail
Breitling launches 2nd Korea limited edition watch in 2023
Breitling, a luxury Swiss watchmaker, has launched a limited edition of one of its flagship models, the Chronomat B01 24, in South Korea, marking th...
Jun 02, 2023 (Gmt+09:00)
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K-pop
Fifty Fifty label seeks investment from Silicon Valley
The South Korean label behind K-pop rookie sensation Fifty Fifty is looking to Silicon Valley for investment as the four-girl band, already with a l...
Jun 02, 2023 (Gmt+09:00)
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Pension funds
NPS vows to raise alternative investment ratio, cut bond purchases
South Korea’s National Pension Service (NPS), the world’s third-largest public pension fund, plans to raise the ratio of its alternative...
Jun 01, 2023 (Gmt+09:00)
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Venture capital
SK Networks eyes partnership with US-based Bow Capital
SK Networks Co., a South Korean trading company, is seeking to form a partnership with Silicon Valley-based venture capital firm Bow Capital to dive...
May 31, 2023 (Gmt+09:00)
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Pension funds
Korea’s NPS likely to post 6.4% return for Q1 2023
National Pension Service (NPS) in South Korea achieved a 6.4% return on investment during the first quarter of this year, recovering some 73% of the...
May 31, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer