AI centered investment
Scope
Date
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Alternative investments
E-Land sells Shanghai warehouse for $2.2 bn to lower debt ratio
Retail conglomerate E-Land Group completed selling its first overseas logistics center in Shanghai for about 1.4 billion Chinese yuan ($2.2 billion)...
Jan 12, 2022 (Gmt+09:00)
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Logistics
Coupang to shake up Korea’s logistics industry landscape
South Korea’s e-commerce giant Coupang Inc. is looking to tap into the country’s logistics industry, shaking up the sector, while market...
Jan 12, 2022 (Gmt+09:00)
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Venture capital
SoftBank invests $146 mn in AI startup Qraft
SoftBank Group Corp. is investing $146 million in South Korea’s artificial intelligence company Qraft Technologies, Inc. The investment includ...
Jan 11, 2022 (Gmt+09:00)
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Korean startups
SK Networks invests in AI-based US healthcare startup LVIS
South Korea’s SK Networks Co. said on Tuesday it joined a $15 million in Series B-2 funding for US healthcare startup LVIS Corp.LVIS, headquar...
Jan 11, 2022 (Gmt+09:00)
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Biotech
SK invests $350 mn in US CDMO firm
SK Inc., the holding company of SK Group, announced Sunday that it invested $350 million into Pennsylvania-based Center for Breakthrough Medicines (...
Jan 10, 2022 (Gmt+09:00)
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CES 2022
SK subsidiaries form ICT alliance
South Korea’s third-largest chaebol, SK Group, announced its plans to launch a consultative body to create synergy among its three subsidiar...
Jan 09, 2022 (Gmt+09:00)
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Construction
Dubai sovereign fund injects $52 mn in debt-laden Ssangyong E&C
Ssangyong Engineering & Construction Co. has raised 62.1 billion won ($51.6 million) in a rights issue from its largest shareholder Investment C...
Jan 06, 2022 (Gmt+09:00)
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Korean games
Nexon invests $400 mn in Avengers directors' film company
Online game developer Nexon Co. has completed a $400 million investment in AGBO, a US entertainment company founded by Avengers film series co-direc...
Jan 06, 2022 (Gmt+09:00)
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Future mobility
Hyundai looks beyond cars to link real, virtual worlds in metamobility
LAS VEGAS – Hyundai Motor Co. has unveiled its grand ambitions to pioneer the use of robotics in both the real world and the virtual sphere, c...
Jan 05, 2022 (Gmt+09:00)
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Artificial Intelligence
IGIS invests in Kakao Enterprise for AI-embedded real estate
IGIS Asset Management Co. and its venture capital affiliate are slated to invest 10 billion won ($8.3 million) in Kakao Enterprise Corp., an artific...
Jan 05, 2022 (Gmt+09:00)
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CES 2022
Samsung ushers in era of bespoke homes with AI butlers
Samsung Electronics Co. is showcasing an unprecedented immersive home electronics experience at CES 2022 (Jan. 5-8.) YOUR HOME AS A METAVERSE...
Jan 05, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC eyes tech, healthcare, telecoms via PE and VC
Korea Investment Corporation (KIC) aims to increase alternative investment to 25% of its total investment by 2025 as well as rank among the world's ...
Jan 05, 2022 (Gmt+09:00)
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Artificial intelligence
SK Telecom taps AI expert as new technology chief
SK Telecom Co., South Korea's top mobile carrier, has tapped its e-commerce arm's chief executive and artificial intelligence (AI) expert Lee Sang-h...
Jan 04, 2022 (Gmt+09:00)
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Korean startups
Former K-pop dancer turns to AI for personal training services
When Dia Kang first moved to Silicon Valley in October 2016 to create a dance app to learn K-pop moves, there was no worldwide pandemic. By Jan...
Jan 04, 2022 (Gmt+09:00)
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Mergers & Acquisitions
MBK buys textile supplier to Nike, Adidas for $654 mn
South Korea’s MBK Partners said on Jan. 3 that it has completed the 100% acquisition of Dongjin Textile Co. -- a Korean firm that has been s...
Jan 03, 2022 (Gmt+09:00)
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SK Telecom and KT to compete in AI chipmaking
SK Telecom Co. and KT Corp. are poised to go head to head in manufacturing chips for artificial intelligence. The telecom giants will utilize their...
Jan 03, 2022 (Gmt+09:00)
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Chemical Industry
Korea’s SK Geo Centric, Japan’s Tokuyama to set up IPA JV
South Korea’s leading petrochemical company SK Geo Centric Co. and Japan’s chemicals producer Tokuyama Corp. plan to found a joint ventu...
Dec 30, 2021 (Gmt+09:00)
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Venture Capital
Pipeline software solutions provider Cloa wins $5.1 mn in additional funding
NAVER Corp.’s startup accelerator D2SF (D2 Startup Factory) has made an additional investment into data pipeline solutions provider Cloa, the ...
Dec 29, 2021 (Gmt+09:00)
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Artificial intelligence
Telecom giant KT to develop its own NPU, AI ecosystem
Telecommunications giant KT Corp. announced concrete plans to launch its artificial intelligence infrastructure business by joining forces with indu...
Dec 29, 2021 (Gmt+09:00)
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Korean startups
Germany's ZF to invest in Korean self-driving startup
Germany's car parts maker ZF Friedrichshafen is in the final stages of negotiations to invest around 20 billion won ($17 million) in StradVision, a ...
Dec 28, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Affinity picks Goldman as adviser for Burger King Korea, Japan sales
Affinity Equity Partners has chosen Goldman Sachs as its adviser for the planned sale of its entire stakes in Burger King’s operations in Kore...
Dec 28, 2021 (Gmt+09:00)
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Pension funds
KFCC to increase alternative assets to 40% in three years
MG Korean Federation of Community Credit Cooperatives (KFCC) will gradually increase its alternative investment proportion from the current early 30...
Dec 28, 2021 (Gmt+09:00)
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IPOs
Korea’s IPO market renews record highs
South Korea’s initial public offering market continues to rewrite history this year. More than 20 million people have participated in the...
Dec 27, 2021 (Gmt+09:00)
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Alternative investments
Hyundai Investments buys office building in Brussels
South Korean asset manager Hyundai Investments Co., fully owned by Hyundai Marine & Fire Insurance Co., has said it acquired a Brussels-based ...
Dec 24, 2021 (Gmt+09:00)
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Venture capital
Indian startups: Korean VCs' new target after China
South Korean venture capital firms and online giants are flocking to startups in India, a country with the world's second-largest population and low...
Dec 22, 2021 (Gmt+09:00)
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Metaverse
Strong Ventures, KB Investment invest in K-pop metaverse
South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...
Dec 21, 2021 (Gmt+09:00)
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Alternative Investments
Tiger Alternative liquidates its structured fund with over 15% IRR
South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...
Dec 21, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy to showcase autonomous ship at CES 2022
Hyundai Heavy Industries Group, the world’s largest shipbuilder, is set to showcase its latest and next-generation mobility technology related...
Dec 21, 2021 (Gmt+09:00)
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Carbon neutrality
POSCO to build mini mills for carbon neutrality
POSCO Co., the world’s No. 5 steelmaker, plans to build mini mills, electric arc furnaces for hot rolled steel, in South Korea as part of it...
Dec 20, 2021 (Gmt+09:00)
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Future mobility
Nexen Tire invests in US urban air mobility startup ANRA Technologies
Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...
Dec 20, 2021 (Gmt+09:00)
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