investment funds
Scope
Date
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Korean startups
Sales of state-sponsored Korean startups up 40% in 2022
South Korean startups sponsored by the government’s information and communication technology acceleration program, dubbed K-Global Project, sa...
Mar 16, 2023 (Gmt+09:00)
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Pension funds
S.Korea’s NPS taps investment strategy head as NY office chief
South Korea’s National Pension Service (NPS) is slated to undergo a management reshuffle for the first time since Chief Investment Officer Seo...
Mar 16, 2023 (Gmt+09:00)
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Artificial intelligence
Naver D2SF invests in 3D avatar-based communication startup
Naver's startup-nurturing organization, D2 Startup Factory (D2SF), announced on Wednesday its investment in Goodgang Labs, a company focused on de...
Mar 16, 2023 (Gmt+09:00)
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Fintech
TravelWallet succeeds in attracting $15 mn Series C funding
South Korea's TravelWallet, a global payment service provider, announced on Wednesday that it has raised 19.7 billion won ($15 million) in Series C ...
Mar 16, 2023 (Gmt+09:00)
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Asset management
Global macro investing to revive for more volatile age: M&G
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they inv...
Mar 15, 2023 (Gmt+09:00)
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Korean chipmakers
South Korea says US Chips Act subsidies have too many requirements
SEOUL—The U.S. Chips Act is dangling billions of dollars in subsidies in front of the world’s biggest semiconductor manufactur...
Mar 15, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea's Prestige Biologics attracts $59 mn overseas investment
Prestige Biologics Co., a South Korean biopharmaceutical contract development and manufacturing organization (CDMO) company, announced on Tuesday th...
Mar 15, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korean biotech NKMax’s unit aims for US IPO
NKMax Co., a South Korean cancer drug maker, is in talks with local and foreign investors in a bid to list its California-based unit NKGen Biotech I...
Mar 14, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Qoo10 to buy another Korean rival for unit’s Nasdaq listing
Southeast Asia-based e-commerce platform Qoo10 Pte. Ltd. is poised to take over a smaller South Korean rival through a stock swap deal, in a bid to ...
Mar 14, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s Jay Y. Lee walks on tightrope in US, China investments
BEIJING – Samsung Group leader Jay Y. Lee plans to attend the China Development Forum later this month for the first time as the South Korean ...
Mar 14, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korean sovereign wealth fund KIC to set up Mumbai office
Sovereign wealth fund Korea Investment Corporation (KIC) has kicked off procedures to open a Mumbai-based office later this year, The Korea Economic...
Mar 14, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung chief Lee vows bold investment to bolster chip R&D capabilities
Samsung Electronics Co. Chairman Jay Y. Lee pledged another bold investment in the world’s largest memory chipmaker’s next-generation se...
Mar 14, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial Group injects $385.6 million into S.Korea’s real estate PF
South Korea’s KB Financial Group on Monday said it will provide liquidity support for the domestic market for real estate project financing (P...
Mar 14, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hahn & Co. puts SK Shipping’s tanker business up for sale
South Korean private equity firm Hahn & Co. is seeking to sell SK Shipping Co.’s tanker division, a business widely seen as the breadwinne...
Mar 13, 2023 (Gmt+09:00)
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Travel & Leisure
H2O Hospitality signs MOU with Ministry of Investment of Saudi Arabia
H2O Hospitality Ltd., a South Korean company specializing in digital transformation in the hospitality and leisure industries, announced on Monday t...
Mar 13, 2023 (Gmt+09:00)
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Petrochemicals
Hyundai E&C consortium breaks ground on $7 bn S-Oil Shaheen project
A South Korean consortium led by Hyundai Engineering & Construction Co. has embarked on building 9.26 trillion won ($7 billion) petrochemical fa...
Mar 10, 2023 (Gmt+09:00)
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Korean startups
Korea's StoneBridge Ventures invests $91 mn in semiconductor, AI
South Korean venture capital investment firm StoneBridge Ventures Inc. announced on Thursday that it has invested a total of 120 billion won ($90.9 ...
Mar 09, 2023 (Gmt+09:00)
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Venture capital
SK Networks invests $22 mn in US AI-based device company
South Korea's SK Networks has identified a startup specializing in AI-based devices and software platforms as a new investment target. The startup, ...
Mar 09, 2023 (Gmt+09:00)
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Business & Politics
Yoon’s US visit to test Biden’s trust as ally over chip, battery issues
South Korean President Yoon Suk Yeol’s summit meeting with his US counterpart Joe Biden next month will celebrate 70 years of the Korea-US sec...
Mar 08, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Will SM shares’ bull run foil Kakao’s takeover attempt?
The bull run in shares of SM Entertainment Co. may deal a heavy blow to Kakao Corp. ’s 1.25-trillion-won ($950 million) takeover bid for the K...
Mar 08, 2023 (Gmt+09:00)
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Economy
S.Korea pledges steps to attract more foreign investment
South Korea will boost foreign investment in the country through increased incentives and deregulation, Finance Minister and Deputy Prime Minister C...
Mar 08, 2023 (Gmt+09:00)
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Construction
Hyundai Eng. completes Lemba-Imbu water purification plant in DR Congo
Hyundai Engineering, a South Korean construction contractor, held a completion ceremony for the "Lemba-Imbu water purification plant phase 1 project...
Mar 08, 2023 (Gmt+09:00)
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Korean startups
Korea's AI startup Quantit attracts $23 mn Series A investment
South Korea's artificial intelligence (AI) company Vaiv Company Inc. announced on Tuesday that Quantit, its fintech subsidiary, has received a 30 bi...
Mar 08, 2023 (Gmt+09:00)
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Business & Politics
Concerned about CHIPS Act, Korea says US investment less attractive
South Korea on Monday expressed concerns about the guidelines of the US Chips and Science Act, saying that some of the conditions the US government ...
Mar 06, 2023 (Gmt+09:00)
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Alternative investments
Mirae Asset, music profit-sharing startup take on security token offerings
South Korea's Fingo Company, which runs the music revenue sharing platform Fingo, on Friday said it signed a memorandum of understanding (MOU) with ...
Mar 06, 2023 (Gmt+09:00)
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Waste management
SK Incheon Petrochemical invests in domestic recycling waste tire startup
SK Incheon Petrochemical, a subsidiary of South Korea’s SK Innovation Co., on Sunday said it made an equity investment in the eco-friendly sta...
Mar 06, 2023 (Gmt+09:00)
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Sovereign wealth funds
S.Korea's KIC to strengthen responsible investments
Korea Investment Corporation (KIC) plans to actively voice its opinions on portfolio companies' management over the next two years to tighten its re...
Mar 06, 2023 (Gmt+09:00)
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Korean chipmakers
S.Korea needs bold investment to keep K-chip supremacy: SNU scholar
The South Korean government and the private sector must commit to more generous and comprehensive support for the country's memory chip industry if ...
Mar 06, 2023 (Gmt+09:00)
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Shareholder activism
KT&G’s hidden saviors in activist fight: In-house funds
KT&G Corp., the world’s fifth-largest tobacco maker, will likely get support from in-house shareholders in a battle against activist funds...
Mar 06, 2023 (Gmt+09:00)
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Mergers & Acquisitions
HYBE to raise up to $769 mn, new twist on battle with Kakao for SM
HYBE Co. is tightening the reins in its fight against Kakao Corp. for control of SM Entertainment Co. by raising up to 1 trillion won ($768.6 millio...
Mar 05, 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