Economic Development Cooperation Fund
Scope
Date
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Banking & Finance
Mirae Asset's US dividend premium fund surpasses $72 mn in net assets
South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...
Jun 25, 2024 (Gmt+09:00)
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Pension funds
Korea's NPS CIO talks with GPIF, GIC execs on asset allocation
South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...
Jun 24, 2024 (Gmt+09:00)
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Chemical Industry
Lotte Chemical develops anti-thermal runaway material
Lotte Chemical Corp., South Korea’s second-largest petrochemicals company seeking to ramp up value-added advanced materials production, has de...
Jun 20, 2024 (Gmt+09:00)
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Corporate restructuring
SK asks KDB for further funding before drastic restructuring
SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...
Jun 20, 2024 (Gmt+09:00)
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Korean startups
Dentlink, virtual lab for dentists around the world
It's been just over two years since Innovaid Co. launched Dentlink but the South Korean startup has already pivoted from its earlier local market-ce...
Jun 20, 2024 (Gmt+09:00)
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IPOs
Kosdaq cancels IPO approval for cloud developer InnoGrid
The Kosdaq market under the Korea Exchange said on Wednesday it has canceled its preliminary approval for InnoGrid Co.’s initial public offeri...
Jun 19, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Kolmar Korea develops AI tech for diagnosing alopecia
Kolmar Korea, a supplier to global cosmetics brands such as Estee Lauder, announced on Tuesday that it developed artificial intelligence (AI) techno...
Jun 18, 2024 (Gmt+09:00)
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Electronics
LG Display introduces proprietary GenAI in office
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, announced on Monday that it developed and intr...
Jun 17, 2024 (Gmt+09:00)
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Korean startups
Korean IT firms prefer engineers with business capabilities
More South Korean information technology companies are seeking engineers with business capabilities as artificial intelligence is expected to take o...
Jun 17, 2024 (Gmt+09:00)
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Automobiles
Hyundai files for 1st overseas unit IPO in India: reports
Hyundai Motor Co.'s Indian unit filed for an initial public offering with the Securities and Exchange Board of India on Saturday to raise up to $3 b...
Jun 16, 2024 (Gmt+09:00)
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Batteries
Hyundai, LG Energy to jointly develop EV battery swapping service
South Korea’s Hyundai Motor Co. will join forces with the world’s leading battery maker LG Energy Solution Ltd. to launch electric vehic...
Jun 13, 2024 (Gmt+09:00)
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Banking & Finance
Mirae Asset Indian subsidiary surpasses $21.8 bn in AUM
South Korea's Mirae Asset Global Investments Co. announced on Thursday that the total assets under management (AUM) of its Indian subsidiary have su...
Jun 13, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Card, Canada's Alberta to co-work for tourism
South Korea's Shinhan Card Co. announced on Wednesday that it signed a strategic business agreement with the provincial government of Alberta, C...
Jun 12, 2024 (Gmt+09:00)
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Energy
Hyundai E&C, KAERI partner to commercialize next-gen reactors
Hyundai Engineering & Construction Co. (Hyundai E&C) announced on Wednesday that it signed a public-private partnership agreement for the so...
Jun 12, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha picked to develop KF-21’s unmanned escort plane radars
Hanwha Systems Co., a South Korean aerospace and defense contractor, has been picked as a preferred developer by the state-run Korea Institute for D...
Jun 11, 2024 (Gmt+09:00)
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Banking & Finance
Shinhan Bank, Hyosung TNS, LG CNS to co-work for AI banking
South Korea's Shinhan Bank announced on Tuesday that it signed a memorandum of understanding with Hyosung TNS and LG CNS to implement future banking...
Jun 11, 2024 (Gmt+09:00)
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Markets
Korean retail investors’ US stockholdings at record high
South Korean individual investors’ US stockholdings swelled to a record $82.19 billion as of early June amid the US stock market rally, while ...
Jun 10, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Southeast Asia, Korea Inc’s new IT outsourcing powerhouse
PHNOM PENH – South Korean technology companies grappling with prolonged software developer shortages are actively broadening their search for ...
Jun 09, 2024 (Gmt+09:00)
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Aerospace & Defense
Nara Space selected as IPEF's top-100 climate startups
South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it was selected as one of the top-100 climate tech startup...
Jun 07, 2024 (Gmt+09:00)
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Asset management
Yellow Umbrella's new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion won ($18.5 billion) savings arm of South Korean small business owners, has tapped an alternativ...
Jun 06, 2024 (Gmt+09:00)
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Artificial intelligence
Nvidia co-leads Series A round for AI startup Twelve Labs
Global chip giant Nvidia Corp. has co-led a $50 million Series A funding round for Twelve Labs, a South Korean artificial intelligence company speci...
Jun 05, 2024 (Gmt+09:00)
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Retail
Shinsegae, CJ to tie up for product delivery, food launch
Retail-focused Shinsegae Group is set to outsource delivery services and logistics management for its e-commerce platforms such as SSG.COM and Gmark...
Jun 05, 2024 (Gmt+09:00)
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Private equity
Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July
The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...
Jun 05, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy wins certification for ammonia fuel VLAC
South Korea's Samsung Heavy Industries announced on Wednesday that it obtained Approval in Principle (AIP) from Lloyd's Register for the design of a...
Jun 05, 2024 (Gmt+09:00)
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Batteries
LG Energy, ADI tie up for fast-charging EV battery technologies
LG Energy Solution Ltd., the world’s No. 3 electric vehicle battery maker, joined hands with US chipmaker Analog Devices Inc. (ADI) on advance...
Jun 05, 2024 (Gmt+09:00)
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Real estate
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
Jun 04, 2024 (Gmt+09:00)
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Robotics
Sampyo Group enters automated robotic parking business
South Korea's SP&Mobility, a robotics unit of Sampyo Group, unveiled its MPSystem on Monday, an automated robotic parking system designed to rep...
Jun 04, 2024 (Gmt+09:00)
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Batteries
Hyundai Glovis, EcoPro team up for EV battery recycling business
Hyundai Glovis Co., the logistics unit of South Korea’s Hyundai Motor Group, and EcoPro Co., the country’s leading electric vehicle batt...
Jun 03, 2024 (Gmt+09:00)
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Fintech
Korea’s BC Card starts QR code payment service in Malaysia
South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...
Jun 03, 2024 (Gmt+09:00)
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Aerospace & Defense
Nara Space attracts $14.5 mn series B investment
South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it attracted a 20 billion won ($14.5 million) series B inv...
May 31, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet