Invest Seoul
Scope
Date
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Carbon neutrality
Korea’s SKC to invest up to $70 mn in US smart glass firm Halio
SKC Ltd., a South Korean chemicals maker, is set to invest as much as $70 million in Halio Inc., a US smart glass technology company, to expand the ...
Sep 27, 2023 (Gmt+09:00)
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Batteries
Samsung SDI to invest $2 bn to build 2nd US battery plant with Stellantis
Samsung SDI Co. will inject $1.98 billion to build a second battery manufacturing plant in the US jointly with Netherlands-based automaker Stellanti...
Sep 27, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus invests $7.4 mn in S.Korean edu-tech startup
South Korea’s No. 3 wireless carrier LG Uplus Corp. on Tuesday said it will make an equity investment of some 10 billion won ($7.4 million) in...
Sep 27, 2023 (Gmt+09:00)
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Artificial intelligence
SK Tel launches world’s 1st Korean large language model
SK Telecom Co. on Tuesday announced the official launch of the world’s first Korean large language model (LLM) “A.”, or A Dot, whi...
Sep 26, 2023 (Gmt+09:00)
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Robotics
Samsung C&T invests $11 mn in construction robot venture
South Korean construction and engineering company Samsung C&T Corp. has invested 15 billion won ($11.2 million) in the construction robot startu...
Sep 26, 2023 (Gmt+09:00)
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Chemical Industry
SKC plans world’s largest biodegradable plastic plant in Vietnam
South Korea’s SKC Ltd., secured an investment registration certificate (IRC) to establish the world’s largest biodegradable plastics m...
Sep 25, 2023 (Gmt+09:00)
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Aerospace & Defense
SK Telecom to commercialize UAM with American partner
South Korea's SK Telecom Co. will launch domestic commercial operations in urban air mobility (UAM) with Joby Aviation, a Santa Cruz, California-b...
Sep 25, 2023 (Gmt+09:00)
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Real estate
Seoul envisions its own Hudson Yards in the city's east end
Seoul, the capital of South Korea for more than six centuries since the Joseon dynasty, is poised to revamp its city planning for the next century w...
Sep 22, 2023 (Gmt+09:00)
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Chemical Industry
Unid expands potassium hydroxide plant in Ulsan
OCI Group-affiliated chemical company Unid announced on Thursday that it has completed the expansion of its Ulsan plant after investing 11 billion w...
Sep 21, 2023 (Gmt+09:00)
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Steel
Japanese steelmakers flood South Korea on back of weaker yen
Japanese steelmakers are expanding their market shares in South Korea, backed by the yen's drop against the Korean won to the lowest in eight years....
Sep 20, 2023 (Gmt+09:00)
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Travel & Leisure
K-food behind Japanese travelers' rush to S.Korea
South Korea is actively promoting itself as a foodies’ heaven to invite more Japanese tourists who have already contributed the most to the co...
Sep 19, 2023 (Gmt+09:00)
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Electronics
Seoul Semiconductor secures key EV LED patents
Seoul Semiconductor Co., the world’s No. 3 light-emitting diode (LED) maker, has secured key patents for LEDs to be used in electric vehicles ...
Sep 18, 2023 (Gmt+09:00)
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Artificial intelligence
KT to build AI medical R&D innovation zone in Seoul
South Korean wireless carrier KT Corp. will build an innovation valley for medical research and development (R&D) based on artificial intelligen...
Sep 18, 2023 (Gmt+09:00)
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Retail
Lotte Mart at Seoul Station redesigned to lure foreign shoppers
South Korea’s Lotte Mart reopened its hypermarket at Seoul train station on Thursday following a four-month renovation to attract more foreign...
Sep 14, 2023 (Gmt+09:00)
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Arts
Seoul eyed as possible 2nd Asian base of Gagosian empire
Seoul, which took center stage on the global art scene after successfuly hosting international art fair Frieze’s second edition earlier this m...
Sep 12, 2023 (Gmt+09:00)
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Food & Beverage
Canada's coffee brand Tim Hortons to open store in Gangnam
Canada's No. 1 coffee chain Tim Hortons revealed plans on Tuesday to establish its first South Korean flagship store at the bustling intersection of...
Sep 12, 2023 (Gmt+09:00)
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Food & Beverage
KT&G to build new factory in Indonesia
South Korea's KT&G Corp. has received a commitment of active investment support from the Indonesian government for building a local new factory....
Sep 11, 2023 (Gmt+09:00)
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Artificial intelligence
S.Korea's KT invests in domestic startups Upstage, Qanda
South Korea's KT Corp. has invested 20 billion won ($15 million) in two domestic artificial intelligence (AI) startups. For the second time in ...
Sep 11, 2023 (Gmt+09:00)
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Tech, Media & Telecom
SK Ecoplant to build data center linked to landing station in Pohang
South Korea's SK Ecoplant is set to establish, for the first time in South Korea, a global data center linked to a landing station in Pohang, North ...
Sep 08, 2023 (Gmt+09:00)
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Banking & Finance
S.Korea's Eximbank, Australia's EFA sign MOU on mineral supply chains
The Export-Import Bank of Korea (Eximbank) on Thursday in Seoul signed a memorandum of understanding with Export Finance Australia (EFA) on cooperat...
Sep 08, 2023 (Gmt+09:00)
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Korean SMEs
S.Korea's Lotte Group helps SMEs penetrate Indonesian market
South Korea's Lotte Group through Friday is holding the event Korea Expo in Jakarta in the Indonesian capital with the Korea Trade-Investment Promot...
Sep 07, 2023 (Gmt+09:00)
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Business & Politics
S.Korean gov't to invest $827 mn in cyber security sector by 2027
South Korea will invest 1.1 trillion won ($827.1 million) in the information security sector by 2027, nearly double its combined budget of 556.9 bil...
Sep 06, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul to open hidden space below City Hall subway station
Seoul is set to unveil a secret path below the City Hall subway station to the public for the first time in 40 years as the South Korean capital aim...
Sep 05, 2023 (Gmt+09:00)
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Real estate
Shinhan REITs to buy HSBC's Seoul headquarters at $135 mn
Shinhan REITs Management Co., a real estate investment arm of South Korea’s Shinhan Financial Group, is poised to acquire a 65.8% stake in the...
Sep 05, 2023 (Gmt+09:00)
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Food & Beverage
CJ Foodville to invest $37 mn to build bakery plant in US
Tous les Jours, the bakery brand under South Korea's CJ Foodville, unveiled plans on Tuesday to invest over 50 billion won ($37 million) in its firs...
Sep 05, 2023 (Gmt+09:00)
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Infrastructure
Australia’s renewables speeding toward net zero: Palisade
Australia, among the largest carbon emitters globally, is embarking on a once-in-a-generation shift from heavy dependence on fossil fuels to the ele...
Sep 04, 2023 (Gmt+09:00)
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Energy
Land use for SK Ecoplant's wind power venture in Canada approved
The green hydrogen Nujio’qonik project in Canada, a venture that South Korea's SK Ecoplant is taking part in, has secured approval to use go...
Sep 04, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, LG to spend combined $7.6 bn to build EV, battery plants in US
Hyundai Motor Group and LG Energy Solution Ltd. will spend a combined $7.59 billion to build electric vehicle and battery cell plants in Georgia, th...
Sep 01, 2023 (Gmt+09:00)
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Economy
Korea’s July factory output slows at fastest pace since February
South Korea’s factory output contracted at the fastest rate in six months last month on subdued global demand especially from China, while its...
Aug 31, 2023 (Gmt+09:00)
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Batteries
Hyundai to invest $398 mn in Korea Zinc for battery materials
Hyundai Motor Group, the global No. 3 automaker, is set to invest $398 million in Korea Zinc Inc., the world’s top lead and zinc smelter, for ...
Aug 30, 2023 (Gmt+09:00)
Latest News
- 1 POSCO Future M breaks with China in cathode supply chain
- 2 GIC resumes Seoul Finance Center sale in potential mega deal
- 3 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 4 Invesco, SK D&D likely to buy co-living building in Seoul
- 5 Coupang bids for Korean luxury market dominance with Farfetch