Siebert Financial Corp. Receives $17 M Investment from Kakao Pay, Appoints Simon Shin as External Director
Kakao Pay, the online payment service of South Korean tech giant Kakao, has successfully invested $17 million in Siebert Financial ...
Tag: Investment
Samsung Electronics to invest $22.7 million to improve smart factories of small and medium-sized enterprises
Samsung Electronics unveiled its Smart Factory 3.0 project on Wednesday, committing approximately $22.7 million (30 billion won) over the next ...
Hyundai Motors’ First EV-Dedicated Factory in Korea to Open Soon
South Korean automaker Hyundai Motor Co has announced that it has invested KRW 2 trillion ($1.5 billion) to build an ...
LGES announces $448 million for Chungcheong plant advancement into a global technology hub
The battery production branch of LG Group, LG Energy Solution Ltd (LGES), has announced a $448 million, or 600 billion ...
Korea plans a $422 million investment for nurturing the software sector
South Korea's Ministry of Science and Information and Communication Technology (ICT) disclosed a $422.6 million i.e. around 560 billion Korean ...
POSCO International endorses eco friendly green energy and global business pioneering
After integrating with South Korea's largest private energy producer POSCO Energy, POSCO International has announced its new vision of endorsing ...
Samsung Display to upgrade OLED panel production via $3.1 billion investment plan
Samsung Display, a panel manufacturing subsidiary of tech giant Samsung Electronics announced a 4.1 trillion won investment i.e. equivalent to ...
Chip bill to incentivise Korea’s chipmakers and investors
The Strategy and Finance Committee of the South Korean National Assembly passed the chip bill in a subcommittee meeting. It ...
Korean government to invest $2.9 billion in 2023 to promote 12 strategic technologies
The Korean government announced it would invest 4.12 trillion won ($2.9 billion) into research and development next year to promote ...
15 Korean Tech startups get to pitch to global VCs in Silicon Valley at the TIPSX beSUCCESS Korean Startup Showcase 2022
15 Korean tech startups were selected to attend the fifth edition of TIPSX beSUCCESS Korean Startup Showcase 2022 from October ...
Huawei announces grand plans to create a global ecosystem at ‘Huawei Connect 2022’
Huawei is accelerating the creation of a global information and communication technology ( ICT ) ecosystem. The company announced it ...
Naver Affiliate LINE Games Secures 100 Bln Won from China Firm Tencent
LINE Games, a Naver Corporation affiliate, announced it had secured a 100 billion won ($88.14 million) investment from Chinese tech company ...
KT, LG Uplus Invests 26 Billion Won in SK Telecom’s ONE Store
South Korean telecommunications companies KT Corporation and LG Uplus announced they would support the homegrown app market ONE Store’s growth. Established in 2016, ONE Store is ...
Carlyle Group Buys $200 Million Worth Shares of Kakao Mobility
The Carlyle Group, a global investment company, would buy 221 billion won (USD 200 million) worth of shares from Kakao ...
Korea to allocate KRW 1.1T For Level-4 Autonomous Driving Technology
South Korea announced that it would invest KRW 1.1 trillion ($997 million) for the development and commercialization of level-4 driving ...
Merck to Invest 25 Bln Won for OLED Manufacturing Facility in Gyeonggi
Merck, a multinational science and technology company headquartered in Darmstadt, announced on Wednesday that it signed an MOU together with ...
SoCar Becomes First Mobility Startup Unicorn After 60Bln Won Funding
South Korean car-sharing and ride-hailing startup SoCar announced on Friday that it attracted a new 60 billion won ($52.5 million) ...
Hyundai Mobis Injects $25 Million in AR Head-Up Display Firm Envisics
Hyundai Mobis announced on Wednesday that it made a 29 billion won ($25 million) investment in UK-based augmented reality head-up ...
Carousell Attracts $80 million Investment from Naver-led Consortium
A consortium led by South Korean online platform operator Naver Corp., invested 94 billion won (US$80 million) into Singapore-based classified-ads ...
Enterprise AI Solutions MakinaRocks Attracts 12 Bln Won in Series A
MakinaRocks, a startup specializing in enterprise AI solutions, announced on Wednesday that it had attracted 12 billion won ($10 million) ...
