Public Investment Fund
Scope
Date
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Real estate
Specialty income by preferred securities, commercial MBS
With a hamstrung US Federal Reserve, the global outlook for 2023 is one of cautious optimism for fixed income. As the Fed is unable to readily rescu...
Apr 17, 2023 (Gmt+09:00)
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Retail
S.Korea’s Musinsa sees sales grow 54% in 2022 to $537 mn
South Korea’s online fashion platform Musinsa saw sales last year surge over 50% to break the 700 billion won ($537.7 million) mark, though op...
Apr 14, 2023 (Gmt+09:00)
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Retail
Shinsegae supports int'l expansion of S.Korea's promising fashion brands
South Korea's Shinsegae Department Store has launched activities to support the overseas expansion of up-and-coming domestic fashion brands. The com...
Apr 14, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s first-generation bio companies set up support fund for new ventures
South Korea's first-generation bio companies and Industrial Bank of Korea (IBK) have created a bio investment fund to support ventures in the field ...
Apr 14, 2023 (Gmt+09:00)
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Korean startups
Famed S.Korean pedometer app Cashwalk attracts first investment of $22 million
Nudge Healthcare, a startup that runs the South Korean health management app Cashwork, on Wednesday said it secured its first investment of 30 billi...
Apr 13, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korean GS, Daebo invest in domestic AI semiconductor firm
South Korea's Sapeon, artificial intelligence (AI) semiconductor subsidiary of SK Telecom Co., said on Wednesday that it has signed a memorandum of ...
Apr 12, 2023 (Gmt+09:00)
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Private equity
NPS, Korea Investment to sell off stake in Brazilian miner CBMM
South Korea’s National Pension Service (NPS) and Korea Investment Private Equity Co. are set to sell off their stake in a Brazilian rare metal...
Apr 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai to spend $18 bn on EVs; Kia breaks ground on first PBV plant
South Korea’s largest automaker Hyundai Motor Group has unveiled its 2030 vision to become one of the world’s top three electric vehicle...
Apr 11, 2023 (Gmt+09:00)
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Corporate investment
S.Korean corporate investment in Vietnam plunges 70% in first quarter
South Korean corporate investment in Vietnam, which has led the economic development of the Southeast Asian nation, has plunged this year due to fac...
Apr 11, 2023 (Gmt+09:00)
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Energy
Korea’s debt-ridden public companies selling off overseas coal mines
South Korea’s debt-ridden public enterprises are selling off their stakes in overseas coal mines to improve their financial status and stay in...
Apr 10, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea to allocate 70% of annual R&D budget to eleven core tech areas
The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in eleven core industrial...
Apr 10, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung prepares for DRAM upturn with bold investment even after chip output cut
Samsung Electronics Co. has joined its peers in cutting memory chip production on its chip division’s anticipated first loss in more than a de...
Apr 09, 2023 (Gmt+09:00)
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Energy
Hanwha inks largest supply deal for US community solar biz
South Korea’s Hanwha Solutions Corp. is set to sell 2.5 million modules to US community solar programs through the largest-ever supply deal fo...
Apr 07, 2023 (Gmt+09:00)
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Electronics
HD Hyundai Elec commercializes DC distribution facilities for 1 MW bldgs
HD Hyundai Electric Co., the electrical power equipment and energy solution affiliate of South Korean conglomerate HD Hyundai Co. Group, on Friday s...
Apr 07, 2023 (Gmt+09:00)
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Corporate strategy
Lotte Group secures $3.8 bn funding from four major Korean banks
Lotte Group announced on Friday that it has signed a financial support agreement worth 5 trillion won ($3.8 billion) with four major South Korean ba...
Apr 07, 2023 (Gmt+09:00)
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Corporate strategy
Shared growth with startups essential for GS Group: Chairman Huh
GS Group, a South Korean energy-to-retail conglomerate, plans to aggressively invest in startups and venture companies with promising technology &nd...
Apr 06, 2023 (Gmt+09:00)
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Automobiles
S.Korea to invest $24 mn in fostering future car industry workforce
South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...
Apr 04, 2023 (Gmt+09:00)
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Electronics
Samsung Elec to invest $3.1 bn in S.Korean OLED plant
Samsung Electronics Co., the world’s largest smartphone maker, is set to spend 4.1 trillion won ($3.1 billion) on a new organic light-emitting...
Apr 04, 2023 (Gmt+09:00)
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Korean stock market
S.Korea's tech special IPOs face criticism on poor earnings of ventures
Around 200 South Korean ventures have debuted on the country’s secondary Kosdaq market through the technology special listing program since 20...
Apr 03, 2023 (Gmt+09:00)
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E-commerce
Kurly seeks fresh funding at half its peak valuation
Kurly Inc., South Korea’s leading food delivery platform, has embarked on a new funding round to raise 100 billion won ($76 million) at about ...
Apr 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
S.Korea invests $763.4 mn in strategic tech IP like aerospace, robotics
The South Korean government will inject this year budget of 1 trillion won ($763.4 million) in intellectual property (IP)-related projects.The Presi...
Apr 03, 2023 (Gmt+09:00)
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Korean stock market
VIP Asset’s new mutual fund to forgo operating fees if it posts losses
VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...
Mar 31, 2023 (Gmt+09:00)
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Shareholder activism
S.Korean activist fund KCGI eyes foundry DB HiTek buyout
Korea Corporate Governance Improvement Fund (KCGI) is eyeing a controlling stake in DB HiTek Co. as the activist fund became the second-largest shar...
Mar 31, 2023 (Gmt+09:00)
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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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Shareholder activism
JB Financial wins proxy fight against activist fund Align Partners
South Korea’s JB Financial Group Co. won a proxy battle against local activist fund Align Partners Capital Management on dividends and nominat...
Mar 31, 2023 (Gmt+09:00)
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Korean chipmakers
Chip foundry DB HiTek's stock near 10-month peak on activist fund
South Korean leading foundry chipmaker DB HiTek’s stock price hit a near 10-month high this week as a domestic activist fund bought a stake to...
Mar 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Korea's Hancom, Naver Cloud agree to cooperate in AI field
Hancom Inc. and Naver Cloud announced on Wednesday a strategic partnership to integrate Naver Cloud's large-scale artificial intelligence (AI) "Hype...
Mar 30, 2023 (Gmt+09:00)
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Business & Politics
CJ undertakes educational programs for ethnic minorities in Vietnam
South Korea's CJ Group announced on Wednesday that it will undertake a "Second Girls Education Project" for the Vietnamese ethnic minority.The proje...
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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Shareholder activism
Glass Lewis votes for Tcha Partners' proposal to change Namyang auditor
Global proxy advisory giant Glass, Lewis & Co. has voted for three out of the four proposals made by Seoul-based Tcha Partners Asset Management ...
Mar 28, 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