Invest Seoul
Scope
Date
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Construction
Samsung C&T invests $7.5 mn in Canadian low-carbon concrete firm
South Korea's Samsung C&T Corp. announced on Wednesday that it has decided to invest $7.5 million (9.8 billion won) in CarbonCure Technologies I...
Jul 12, 2023 (Gmt+09:00)
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Future mobility
SM Entertainment founder invests in Chinese drone maker
Lee Soo-man, founder and former executive producer of South Korea's SM Entertainment Co., has reportedly made a huge investment in the Chinese self-...
Jul 12, 2023 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions, SK D&D team up for hydrogen fuel cell, solar power
South Korea's Hanwha Solutions Corp. and SK D&D have signed a strategic memorandum of understanding (MOU) to jointly pursue hydrogen fuel cell...
Jul 12, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK Hynix eyes wastewater facilities sale for $770 mn
SK Hynix Inc. is in talks with its affiliate SK REIT Co. to sell the wastewater treatment facilities within its semiconductor campus in Icheon, Gyeo...
Jul 11, 2023 (Gmt+09:00)
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Chemical Industry
S.Korea’s SKC seeks to sell fine ceramic business for $307 mn
SKC Ltd., a South Korean chemicals maker, is seeking to sell its fine ceramic business for an estimated 400 billion won ($307 million) as the unit o...
Jul 10, 2023 (Gmt+09:00)
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Fashion
Dior to open Tears capsule collection pop-up store in Seoul
Dior will open a pop-up store in Seoul's Seongsu-dong to commemorate the launch of the "Dior Tears capsule collection."This collection was created t...
Jul 07, 2023 (Gmt+09:00)
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Real estate
Singapore's CDL buys Nine Tree hotel in Seoul for $107 mn
Singapore-based major real estate firm City Developments Ltd. (CDL) has bought Nine Tree Premier Hotel Myeongdong II from South Korea’s Shinha...
Jul 06, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Hanwha Ocean mulls large investments in warship facilities
Hanwha Ocean Co., the world’s fourth-largest shipbuilder, is considering large investments in new facilities to manufacture warships as the co...
Jul 06, 2023 (Gmt+09:00)
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Korean startups
Naver D2SF invests in AI data generation startup
South Korea's top online platform Naver Corp. has invested in a startup with an artificial intelligence-generation solution that lowers the risk of ...
Jul 06, 2023 (Gmt+09:00)
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Artificial intelligence
Lunit participates in Saudi's SEHA Virtual Hospital project
South Korean medical AI company Lunit announced on Wednesday that it will participate in the "SEHA Virtual Hospital" project, a key initiative of Sa...
Jul 05, 2023 (Gmt+09:00)
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Economy
FDI pledges to S.Korea set fresh record in H1 2023
Foreign direct investment pledges to South Korea from January to June of this year soared 54.2% on-year, hitting a record high for the first-half pe...
Jul 05, 2023 (Gmt+09:00)
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Batteries
SKC to invest $3.8 bn in secondary battery materials by 2025
South Korea's chemical material maker SKC will invest over 5 trillion won ($3.8 billion) in three sectors -- secondary batteries, semiconductors and...
Jul 05, 2023 (Gmt+09:00)
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Fintech
SK C&C to release Kospi-focused AI investment strategy service
SK C&C, an information and communications technology affiliate of South Korea’s SK Group, will create an artificial intelligence (AI) inve...
Jul 04, 2023 (Gmt+09:00)
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Corporate investment
SK Square, SK Hynix set up $77 million chip investment unit
SK Square Co. and SK Hynix Inc., together with two other South Korean companies, have launched a 100 billion won ($77 million) joint investment unit...
Jul 04, 2023 (Gmt+09:00)
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Economy
S.Korea to tighten immigrant investor requirements
South Korea will raise the minimum requirements for the country’s investment immigration visa program amid growing controversy over foreigners...
Jun 30, 2023 (Gmt+09:00)
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Future mobility
SK Telecom invests $100 mn in American UAM developer
South Korea's SK Telecom.Co has invested $100 million (131.6 billion won) in Joby Aviation, a Santa Cruz, California-based developer of urban air ...
Jun 30, 2023 (Gmt+09:00)
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Pension funds
NPS logs 8.6% return on investment as of end-April 2023
South Korea’s National Pension Service (NPS) has logged an 8.63% profit in fund management in January-April this year thanks to strong equity ...
Jun 29, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Group seeks new partners in Silicon Valley’s startup scene
South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...
Jun 28, 2023 (Gmt+09:00)
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Logistics
CJ Logistics to build logistics centers in US with $416 mn investment
CJ Logistics Corp. and Korea Ocean Business Corporation (KOBC) will together build three logistics centers in the US with an estimated investment of...
Jun 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia invest extra $1.5 mn in automotive chip startup
Hyundai Motor Co. and Kia Corp. announced on Wednesday that they have invested extra 2 billion won ($1.54 million) in BOS Semiconductors, a vehicle ...
Jun 28, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung to invest $230 bn in Korea on speedy govt support
Samsung Electronics Co., the world’s top memory chipmaker, is set to spend 300 trillion won ($230.4 billion) to build semiconductor manufactur...
Jun 27, 2023 (Gmt+09:00)
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Energy
POSCO Int'l, CIP tie up for Korean offshore wind project
POSCO International, the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has joined hands with C...
Jun 27, 2023 (Gmt+09:00)
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Energy
Vestas to relocate Asia-Pacific HQ to Seoul in September
Denmark-based Vestas, the world's top wind turbine manufacturer, is set to move its Asia-Pacific regional headquarters from Singapore to South Korea...
Jun 26, 2023 (Gmt+09:00)
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Banking & Finance
Woori Bank to start legal, accounting advisory for firms entering Vietnam
South Korea's Woori Bank on Monday announced the opening of its comprehensive advisory service line for foreign direct investment (FDI) designed for...
Jun 26, 2023 (Gmt+09:00)
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Future mobility
Kakao Mobility to develop EV, self-driving tech with Vietnam's Vingroup
South Korea's Kakao Mobility is collaborating with Vietnam's No. 1 corporation Vingroup JSC and Southeast Asia's biggest information and communicati...
Jun 26, 2023 (Gmt+09:00)
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Food & Beverage
US burger chain Five Guys to launch in South Korea on June 26
The American burger chain Five Guys, which has attracted keen interest in South Korea for its service and prices even before its entry into the coun...
Jun 23, 2023 (Gmt+09:00)
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Bio & Pharma
Asan Medical Center to establish digestive disease hospital in Dubai
Asan Medical Center announced plans on Thursday to establish a 65-bed gastrointestinal specialized hospital in Dubai Healthcare City in Dubai, UAE, ...
Jun 23, 2023 (Gmt+09:00)
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Travel & Leisure
Seoul preps to launch ferry service for tourists, commuters
The city of Seoul plans to launch a ferry service in 2024 as authorities in the South Korean capital vie to draw more foreign tourists and ease comm...
Jun 23, 2023 (Gmt+09:00)
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Private equity
Central Europe’s fast-growing economy attracts global investors: Abris
More investors choose safer assets in developed regions such as the US and Western Europe today with rate hikes and liquidity tightening. But Poland-b...
Jun 23, 2023 (Gmt+09:00)
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Fashion
Nike to open its 3rd Jordan World of Flight store in Seoul
Nike Inc. is set to open its Jordan World of Flight in Seoul, a store dedicated to Jordan brand streetwear and sports shoes, on Wednesday. It will b...
Jun 22, 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