ASK 2023 alternative investment
Scope
Date
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Mergers & Acquisitions
Truston Asset looks to help run Taekwang with 5.8% stake
South Korea's Truston Asset Management has changed the purpose of its stock investment in the chemical and textile company Taekwang Industrial Co. f...
Dec 16, 2022 (Gmt+09:00)
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Korean stock market
Korean stocks with healthy earnings to shine in H2 2023
South Korea’s Mirae Asset Securities Co. expected local shares with strong earnings including growth stocks to rally in the second half of nex...
Dec 15, 2022 (Gmt+09:00)
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Korean startups
Korean startup Epikar succeeds in attracting series A investment
Epikar, a car retail digital conversion solution company, said on Thursday that it has succeeded in attracting Series A investment from a number of ...
Dec 15, 2022 (Gmt+09:00)
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Electronics
LG Innotek to unveil parts for EVs, self-driving cars at CES 2023
South Korea’s LG Innotek Co. said on Dec. 15 it will showcase its new products for electric and autonomous vehicle parts at the Consumer Elect...
Dec 15, 2022 (Gmt+09:00)
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Business & Politics
Shin Hanul revives Korea’s aim to become global nuclear powerhouse
South Korea put a newly built nuclear reactor into full operation on Wednesday to reinforce energy stability, reviving its goal of becoming ...
Dec 14, 2022 (Gmt+09:00)
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Samsung Group
Samsung suspends staff overseas training to cut costs
Samsung Group canceled overseas training for South Korean staff for the first time in 32 years as the country’s top conglomerate tried to cut ...
Dec 14, 2022 (Gmt+09:00)
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Bio & Pharma
SK Biopharm begins clinical trials of wearable device for detecting epilepsy
SK Group's new drug development subsidiary SK Biopharmaceuticals Co. will begin clinical trials for a wearable device that can detect and predict ep...
Dec 14, 2022 (Gmt+09:00)
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Electronics
LG Elec to showcase built-in 721-liter refrigerator at CES next month
LG Electronics said on Wednesday that it will unveil a new large-capacity built-in refrigerator at CES 2023, which will take place in Las Vegas on J...
Dec 14, 2022 (Gmt+09:00)
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Artificial intelligence
Korean startup Mathpresso completes $59 mn Series C investment
Mathpresso, the company that operates the artificial intelligence (AI)-based learning platform Qanda, said on Tuesday that it has completed Series C...
Dec 13, 2022 (Gmt+09:00)
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Electronics
80% of Korea's data centers to use homegrown AI semiconductors by 2030
South Korea by 2030 will upgrade its level of domestic artificial intelligence (AI) semiconductors to the world's best by using the nation's high-pe...
Dec 13, 2022 (Gmt+09:00)
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Energy
Doosan, DL consortium to invest $130 mn in X-Energy for SMR project
A South Korean consortium led by Doosan Enerbility Co. and DL E&C Co. is investing $130 million in X-Energy LLC, a US nuclear reactor and fuel d...
Dec 12, 2022 (Gmt+09:00)
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Electric vehicles
EV charging service firm Scalardata attracts 3 bn won from GS Energy
Scalardata, a South Korean start-up running an electric vehicle (EV) charging infrastructure integration platform "evmodu.kr," announced on Monday t...
Dec 12, 2022 (Gmt+09:00)
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Cloud computing
S.Korea's Bespin Global secures $107 mn from Middle East
South Korea's cloud management company Bespin Global said on Monday that it has secured 140 billion won ($107 million) in investment from e& Ent...
Dec 12, 2022 (Gmt+09:00)
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Korean startups
SK Energy buys stake in subscription car wash service
South Korea is seeing growth in the variety of services for the rising number of eco-friendly electric vehicles (EVs) on the nation's roads.Industry...
Dec 12, 2022 (Gmt+09:00)
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Markets
Leading S.Korean trade body, 31 brokerages urge delay in financial investment tax
South Korea's Korea Financial Investment Association and 31 domestic securities companies on Sunday released a joint statement urging a delay in the...
Dec 12, 2022 (Gmt+09:00)
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Electric vehicles
IONIQ 5 named Japan's Import Car of the Year for 2022-2023
Hyundai Motor Co. on Friday said its electric-powered sport-utility vehicle (SUV) IONIQ 5 was named Japan's Import Car of the Year for 2022-23 by th...
Dec 09, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC buys stake in US credit asset manager Golub Capital
Korea Investment Corporation (KIC) has made its first direct investment in an asset management firm, the South Korean sovereign wealth fund said on ...
Dec 09, 2022 (Gmt+09:00)
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Leadership & Management
Samsung tightens belt to gird for worsening economic conditions
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, is drastically cutting costs while maintaining investments in f...
Dec 09, 2022 (Gmt+09:00)
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Korean startups
Art tech platform Tessa attracts strategic investment from Kyobo Securities
The art tech platform Tessa said on Thursday that it has succeeded in attracting strategic investment from Kyobo Securities Co. The amount of invest...
Dec 08, 2022 (Gmt+09:00)
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Logistics
Coupang to invest $4.7 billion in supply chains in Korea over 12 years
South Korea's e-commerce giant Coupang has briefed US Ambassador to Seoul Philip Goldberg at the company's fulfillment center in Daegu, a fa...
Dec 08, 2022 (Gmt+09:00)
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Chemical Industry
S.Korea develops carbon composite materials as its 2nd steel industry
The South Korean government will invest 185 billion won ($139.6 million) by 2030 in the development of technology for carbon composite materials, wh...
Dec 07, 2022 (Gmt+09:00)
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Business & Politics
LG plans additional $4 billion investment in Vietnam
South Korean electronics giants including LG Electronics and Samsung Electronics plan to pour billions of dollars of additional investment into Viet...
Dec 07, 2022 (Gmt+09:00)
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Venture capital
Daol Financial Group to let go of VC affiliate, hit by liquidity crunch
The Daol Financial Group is widely expected to let go of its venture capital arm in the midst of a worsening liquidity crunch. The VC firm Daol...
Dec 06, 2022 (Gmt+09:00)
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Artificial intelligence
Twelve Labs secures $12 mn for AI-powered video analysis platform
Twelve Labs Inc., a South Korean artificial intelligence-powered video search platform developer, closed its seed extension round with an additional...
Dec 06, 2022 (Gmt+09:00)
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Companies
SK Discovery launches bio strategy, investment division
Korea's chemical company SK Discovery Co. on Tuesday said it launched a bio strategy and investment division headed by Kim Jung-hoon, director of SK...
Dec 06, 2022 (Gmt+09:00)
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Real estate
DWS taps Steven Kim as APAC real estate asset management head
German asset management giant DWS Group said on Dec. 5 that it has appointed DWS Asset Management Korea’s Director Steven Kim (Kim Sang-wook) ...
Dec 05, 2022 (Gmt+09:00)
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Batteries
POSCO wins $689 mn battery material deal with GM-LG joint venture
POSCO Chemical Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Dec. 5 that it has signed a $688.6 million deal to provide a key...
Dec 05, 2022 (Gmt+09:00)
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Korean startups
Korean restaurant startup GFFG raises $23 million in Series A round
South Korean lifestyle hospitality startup Good Food For Good (GFFG) announced Monday that it raised 30 billion won ($23.2 million) in Series A roun...
Dec 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis to unveil new future mobility technologies at CES 2023
Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...
Dec 05, 2022 (Gmt+09:00)
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Capital raising
Nearly half of Korean firms plan no domestic investment next year
Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...
Dec 05, 2022 (Gmt+09:00)
Latest News
- 1 Google to invest $100 mn in Gentle Monster in smart glasses push
- 2 Growth equity portfolio largely shielded from policy headwinds: Summit
- 3 Naver Financial seeks to acquire S. Korean real estate data platform Asil
- 4 KakaoBank shares surge on Thai virtual bank approval
- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma