Korea Economic Development Co-operation Fund
Scope
Date
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Leadership & Management
Korea's Hyundai Mobis CEO Cho elected ISO president
South Korean auto parts maker Hyundai Mobis Co.’s CEO Cho Sung-hwan has been elected as the next president of the International Organization f...
Sep 23, 2022 (Gmt+09:00)
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Construction
Bosung attracts $2 bn investment from TGK for Korea's largest data center
South Korea’s Bosung Group has attracted $2 billion from TGK Inc., a US infrastructure company, for its planned construction of Korea’s ...
Sep 23, 2022 (Gmt+09:00)
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Robotics
LG Elec., Uplus team up to expand service robot business
South Korea’s home appliance giant LG Electronics Inc. and mobile carrier LG Uplus Corp. will join forces to expand their service robot busine...
Sep 22, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec to supply 5G telecom equipment to Comcast
Samsung Electronics Co., South Korea’s tech behemoth, agreed to supply 5G telecommunication equipment to US media giant Comcast Corp.Samsung s...
Sep 22, 2022 (Gmt+09:00)
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Business & Politics
KAIST, NYU to operate joint campus in New York City from 2023
Korea Advanced Institute of Science and Technology (KAIST), South Korea's most prestigious national research university, and New York University wil...
Sep 22, 2022 (Gmt+09:00)
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Content platforms
Lotte Home Shopping showcases Bellygom at Manhattan’s Pier 17
NEW YORK – Lotte Home Shopping Inc. displayed Bellygom at Manhattan’s Pier 17 on Wednesday, on the sidelines of the Korea Brand Expo in ...
Sep 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Court clears way for Hahn & Co.'s Namyang Dairy deal
Seoul-based private equity firm Hahn & Co. has won a legal battle against South Korea’s Namyang Dairy Products Co.’s owner family, w...
Sep 22, 2022 (Gmt+09:00)
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Central bank
BOK chief signals another big step as Fed hike haunts won
South Korea’s central bank on Thursday signaled another 50-basis-point policy interest rate hike as the won currency weakened past the psychol...
Sep 22, 2022 (Gmt+09:00)
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Venture capital
S.Korea's fund of funds to form new fund worth $215 mn with VCs in the US
NEW YORK – The South Korean government is poised to tap into its fund of funds to form a joint investment fund with venture capital firms in t...
Sep 22, 2022 (Gmt+09:00)
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Carbon neutrality
S.Korea’s SK Gas expands LNG, hydrogen biz for future
ULSAN -- SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is expanding its liquefied natural gas (LNG) and hydrogen ...
Sep 22, 2022 (Gmt+09:00)
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Batteries
POSCO Chem, OCI break ground on EV battery pitch plant
South Korea’s P&O Chemical is set to build the country’s first high-softening-point pitch manufacturing facilities with 15,000 tons ...
Sep 22, 2022 (Gmt+09:00)
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Aerospace & Defense
Korea defense firms showcase new weapons for record exports
South Korean defense makers showcased next-generation products with artificial intelligence, robot and stealth functions for the future battlefiel...
Sep 21, 2022 (Gmt+09:00)
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Economy
ADB cuts Korea’s 2023 growth outlook as trade in deficit for sixth month
The Asian Development Bank (ADB) has slashed its 2023 growth outlook for the South Korean economy, citing daunting global risks, as the country is h...
Sep 21, 2022 (Gmt+09:00)
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The KED View
Was South Korea’s FX intervention too late?
The South Korean won on Sept. 14 opened 1.4% lower in the domestic currency session after shocking US inflation data rattled global financial market...
Sep 21, 2022 (Gmt+09:00)
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Electric vehicles
Korean PM Han says EV tax credits may violate FTA rules
The US Inflation Reduction Act (IRA) appears to have violated the Free Trade Agreement (FTA) between the country and South Korea, Korean Prime Minis...
Sep 21, 2022 (Gmt+09:00)
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Cloud computing
LG's 5G backup system installed in AWS cloud platform
LG Uplus Corp., a South Korean internet service provider, said on Tuesday that it has installed its 5G mobile backup network system in the cloud com...
Sep 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom expands business portfolio with quantum tech
South Korea’s top mobile carrier SK Telecom Co. is expanding its business portfolio with quantum technology, even into industries that are unr...
Sep 20, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Broadband develops green, efficient network technology
South Korea's internet service provider SK Broadband Co. has developed optical communications technology that simultaneously provides differing degr...
Sep 20, 2022 (Gmt+09:00)
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Fintech
Korean fintech sector struggles amid liquidity drought
A three-year-old South Korean fintech company is having trouble raising money through a Series B funding round as investor sentiment on the sector h...
Sep 20, 2022 (Gmt+09:00)
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Korean Investors
NPS, KIC, other Korean LPs commit $551 mn to Cinven's fund
Global private equity firm Cinven Ltd. has attracted €550 million ($551.3 million) from South Korean institutional investors for its eighth fla...
Sep 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s No. 1 bookstore Kyobo seeks to acquire OTT platform Watcha
The Kyobo Book Centre, South Korea’s largest bookstore chain, is seeking to acquire over-the-top (OTT) platform Watcha Inc. to expand its busi...
Sep 20, 2022 (Gmt+09:00)
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Markets
S.Korea cuts US Treasury holding by $18.9 bn in Jan-July
South Korea had sold a net $18.9 billion of US Treasury bonds in the first seven months of this year, data showed, as foreign exchange authorities w...
Sep 19, 2022 (Gmt+09:00)
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Energy
LG Elec., GS EPS join forces to produce, use solar power in Korea
LG Electronic Inc. is set to produce solar energy to support 10% of the annual electricity consumption at its Changwon plant in South Korea.The firm...
Sep 19, 2022 (Gmt+09:00)
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Future mobility
Korea unveils autonomous driving, commercial drone service roadmap
South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...
Sep 19, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai, Iveco unveil jointly developed hydrogen van
South Korea's Hyundai Motor Co. and Italian truck maker Iveco Group on Monday showcased a large commercial van powered by hydrogen, which they had j...
Sep 19, 2022 (Gmt+09:00)
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Korean startups
Startup minister vows to support Korean firms' entry into overseas markets
South Korea’s startup minister Lee Young vowed to support the country’s startup ecosystem on Sunday, during her tour to the United State...
Sep 19, 2022 (Gmt+09:00)
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Artificial intelligence
NCSOFT publishes three AI academic papers at INTERSPEECH 2022
South Korea’s gaming giant NCSOFT Corp. will present three academic papers at INTERSPEECH 2022, the world’s largest and most comprehensi...
Sep 19, 2022 (Gmt+09:00)
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Shareholder activism
Shareholder activism gathers momentum in South Korea
Institutional investors gathered momentum for shareholder activism in South Korea not only to boost their values but also to improve corporate gover...
Sep 19, 2022 (Gmt+09:00)
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Venture capital
Growing Korean corporate VCs provide silver lining to startups
South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...
Sep 18, 2022 (Gmt+09:00)
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IPOs
Korea battery, chip companies fail to reboot IPO market
South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...
Sep 18, 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