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 ...
Tag: Investment
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) ...
President Moon Visits SK hynix Plant, Details Material Industry Plan
South Korean President Moon Jae-in on Thursday visited the country's second-largest chipmaker SK hynix's DRAM cluster plant in Icheon, Gyeonggi ...
Hyundai Mobis Injects 25 Bln Won into VC Funds for Future Mobility
Hyundai Mobis announced on Thursday that it invested 25 billion won ($20 million) into ACVC Partners and MOTUS Ventures, U.S.-based ...
KT to Inject 50 Billion Won for 10 Percent Stake in Hyundai Robotics
KT Corp., a South Korean telecommunications company, announced on Tuesday that it would inject 50 billion won ($41.4 million) to ...
NAVER D2SF Invests in Digital Health and Autonomous Driving Startups
Through its startup accelerator D2SF Startup Factory, Naver Co. invested in two new startups in digital health and autonomous driving. ...
Hyundai Mobis to Inject 1 Trillion Won for Future Mobility R&D this Year
Hyundai Mobis, a South Korean car parts maker, announced on Wednesday that it would inject around 1 trillion won ($810 ...
SK Innovation Invests $727 Million to Build Second U.S. EV Battery Plant
SK Innovation said on Tuesday that it plans to inject an additional 886 billion won ($727 million) investment to build ...
LG Chem to Inject 65 Bln Won to Increase Carbon Nanotube Production
LG Chem said Monday that it would inject 65 billion won ($53 million) to boost its carbon nanotubes production manufacturing ...
SKC Raises 1Tr Won Investment Expanding into Mobility and Chip Biz
SKC said on Monday that it raises around 1 trillion won ($815 million) of investment to expand into the mobility ...