Mirae Asset Global Investments
Scope
Date
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Korean startups
KB Financial launches $193 million fund to invest in global startups
South Korea’s second-largest financial institution KB Financial Group will launch a 250 billion won ($193 million) fund to invest in startups ...
Mar 31, 2023 (Gmt+09:00)
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Steel
Korean Dongkuk opens 2nd Mexican color-coated steel plant
Dongkuk Steel Mill Co. opened its second color-coated steel plant in Mexico as South Korea’s third-largest steelmaker aims to expand its prese...
Mar 31, 2023 (Gmt+09:00)
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Fintech
KB Securities signs MOU with Korea East-West Power, Hikive
KB Securities Co. announced on Thursday that it had entered into a business agreement with Korea East-West Power Co. and Hikive to collaborate on a ...
Mar 30, 2023 (Gmt+09:00)
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Artificial intelligence
Alarm bells ring for S.Korean IT firms' ChatGPT craze
The global popularity of ChatGPT is driving South Korean startups to launch a string of new services linked to the artificial intelligence-powered l...
Mar 30, 2023 (Gmt+09:00)
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Leadership & Management
LG Group Chairman names AI, bio, clean tech as new growth engines
LG Group Chairman Koo Kwang-mo has pledged to continue investing in future-oriented businesses and human resources despite the global economic slowd...
Mar 30, 2023 (Gmt+09:00)
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Korean chipmakers
S.Korea's KOTRA sends chip investment survey team to Texas
The government-run (South) Korea Trade-Investment Promotion Agency (KOTRA) on Tuesday said it dispatched to Texas a survey team for semiconductor in...
Mar 29, 2023 (Gmt+09:00)
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Blockchain
Korea's Mirae Asset, SK Telecom tie up for security token ecosystem
Mirae Asset Securities Co. and SK Telecom Co., South Korea’s top brokerage house and mobile carrier, are set to join hands to establish an eco...
Mar 28, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix asked to swallow tough pill over US CHIPS Act
WASHINGTON, D.C. – South Korean chipmakers on Tuesday expressed deep concerns about the detailed guidelines of the US CHIPS and Science ...
Mar 28, 2023 (Gmt+09:00)
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Electronics
LG Elec launches LG Whisen Tower II air conditioner
LG Electronics Inc. announced on Tuesday the launch of its latest air conditioner, the LG Whisen Tower II. The product boasts a sleek design that el...
Mar 28, 2023 (Gmt+09:00)
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Korean food
US set to emerge as top global buyer of Korean kimchi: Daesang
South Korean kimchi exports to the US have soared since the pandemic as local distribution channels expanded and cooking at home increased, accordin...
Mar 28, 2023 (Gmt+09:00)
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Logistics
Hanjin launches global C2C purchase platform Hoot Town
Hanjin Transportation, a logistics and B2B/B2C delivery business subsidiary of South Korea’s Hanjin Group, has launched Hoot Town, a global co...
Mar 28, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's Biorchestra signs tech transfer deal for drug delivery system
Biorchestra Co., a South Korean company specializing in RNA-based therapeutics, announced on Tuesday that it has entered into a joint research and o...
Mar 28, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai E&C, KAI to develop export-type package for defense industry
South Korea's Hyundai Engineering & Construction (E&C) and Korea Aerospace Industries Ltd. (KAI) will jointly develop an export package for ...
Mar 28, 2023 (Gmt+09:00)
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Venture capital
Korean startup investments rapidly dry up in wake of SVB debacle
The shock from the collapse of American startups’ main financing artery Silicon Valley Bank (SVB) has been deeply felt in the South Korean sta...
Mar 27, 2023 (Gmt+09:00)
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Korean chipmakers
Korean research team develops AI chip to cut power use
South Korean scientists have developed a chip that needs less electricity for advanced efficiency and data processing to help the country’s se...
Mar 26, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Chairman Lee to meet new premier in China
Samsung Electronics Co. Chairman Jay Y. Lee arrived in Beijing on March 23 to review the chipmaker’s business in China, which is gradually rec...
Mar 24, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to benefit from rising global defense spending
South Korea is expected to log another year of record defense exports in 2023 thanks to growing military budgets across the world as local major arm...
Mar 24, 2023 (Gmt+09:00)
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Energy
Hanwha to build solar cell components plant in Georgia
South Korea’s Hanwha Advanced Materials Corp. will spend $147 million to build a solar panel components plant in the US state of Georgia, acco...
Mar 24, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE accepts Kakao’s tender offer to exit SM Entertainment
HYBE Co., the largest shareholder of SM Entertainment Co., said on Friday it has accepted Kakao Corp.’s tender offer to sell its shares in the...
Mar 24, 2023 (Gmt+09:00)
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Cloud computing
KT Cloud, DigitalBridge join hands for data center biz in Korea
KT Cloud Co., the cloud computing unit under South Korea’s second-largest mobile carrier KT Corp., and US infrastructure investment firm Digit...
Mar 24, 2023 (Gmt+09:00)
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Economy
S.Korea's household assets rise to record high in 2022
Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, while it took longer...
Mar 24, 2023 (Gmt+09:00)
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Banking & Finance
Brokerage firms in S.Korea log sharp falls in 2022 earnings
Brokerage firms in South Korea, led by Mirae Asset Securities Co., suffered a 50% plunge in net profit in 2022, as dwindling trading fees outweighed...
Mar 23, 2023 (Gmt+09:00)
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Future mobility
SK Innovation invests an extra $50 million in US clean energy firm Amogy
South Korea’s SK Innovation Co. has newly invested $50 million in Amogy Inc., a US ammonia-based power system developer, to expand its green b...
Mar 23, 2023 (Gmt+09:00)
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Batteries
Doosan Fuel Cell teams up with Kolon Global for hydrogen fuel cell
South Korean fuel cell manufacturer Doosan Fuel Cell, and Kolon Global Corp., a South Korean company that specializes in the production of industria...
Mar 23, 2023 (Gmt+09:00)
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Electric vehicles
EV fast-charging company Crocus succeeds in $5 mn Series B funding
Crocus Inc., a South Korean startup focused on energy infrastructure and leveraging artificial intelligence (AI), announced on Wednesday that it rai...
Mar 23, 2023 (Gmt+09:00)
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Batteries
EcoPro taps mines in the Americas to secure cathode materials: EcoPro CEO
EcoPro Group, South Korea’s leading battery materials producer, is mulling investments in mines in the Americas to source cathode materials, a...
Mar 22, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy tops global 2-stroke engine production
South Korea’s Hyundai Heavy Industries Co. became the world’s first shipbuilder to have marked 200 million brake horsepower (bhp) in cum...
Mar 22, 2023 (Gmt+09:00)
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Future mobility
Kakao Mobility buys UK ride-hailing startup Splyt for global biz
South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...
Mar 22, 2023 (Gmt+09:00)
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Venture capital
LB Investment draws record demand from individual investors
LB Investment Inc., a venture capital firm associated with the LG founder's family, has achieved a remarkable competition rate of over 1,000 to 1 fo...
Mar 22, 2023 (Gmt+09:00)
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Korean Investors
S.Korean LPs name 41 best alternative asset managers
Blackstone, Hamilton Lane, HarbourVest Partners and Audax Private Equity were jointly named the most preferred PE firms by South Korean institutional ...
Mar 21, 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