On January 1, the Korea Trade-Investment Promotion Agency (KOTRA) launched the Global M&A Center to address the increase in global mergers and acquisitions (M&A), growing desire among Korean smalland medium-sized enterprises (SMEs) to pursue crossborder M&A transactions and the new government’s pledge to activate the M&A market in Korea.
When most of us think ‘elevator,’we think of a box that takes us from one floor to another. When Wayne Park, CEO of ThyssenKrupp Elevator Korea (TKEK), thinks ‘elevators,’ he ponders a mode of transportation with infinite potential for innovation, speed and style. In fact, he thinks of BMWs.
SEOUL, KOREA – General Motors (GM) said on April 8 (local time) that it will invest USD 8 billion in South Korea as scheduled. However, GM hinted that there is a need for thrashing out measures to address problems related to the weak yen and ordinary wages.
SEOUL, KOREA – SK Telecom, a South Korean wireless telecommunications operator, will invest KRW 1.2 trillion in ICT convergence mega-projects, such as healthcare, business-to-business (B2B) solutions and future-oriented researches, over the next three years.
SEOUL, KOREA – The top 600 companies in South Korea are likely to ramp up their investment by 13.9 percent y-o-y to KRW 129.7 trillion this year despite the economic slowdown, according to a poll released by the Federation of Korean Industries (FKI), the country's top business lobby group.
SEOUL, KOREA – Samsung and Intel made investments in the development of voice recognition technology that can serve as an alternative to Apple’s Siri (an intelligent personal assistant that helps users get things done just by asking).
SEOUL, KOREA – KDB Daewoo Securities said Thursday it has acquired an additional 41.65% stake in Indonesia’s largest online securities firm eTrading Securities, thereby sending its total stake in eTrading Securities to 80%.
SEOUL, KOREA – In the first quarter of this year, foreign direct investment (FDI) in Korea climbed 45% year-on-year, as huge investments in real estate and brisk M&As offset a rise in the won and geographically risks such as North Korea’s attempts to launch a missile.
SEOUL, KOREA – Korean LED companies will set up LED joint ventures in Qatar to tap into business opportunities spring up in the years leading up to the Qatar 2022 FIFA World Cup. The Ministry of Trade, Industry and Energy (MOTIE) said Wednesday the Korea Association for Photonics Industry Development (KAPID) and QKLC (Qatar Korea LED Consortium) signed an agreement with Qatar Holding (the foreign investment arm of Qatar's sovereign wealth fund) on the creation of LED lighting joint ventures.
SEOUL, KOREA – Back in 1972, Corning Incorporated, a US manufacturer of glass, ceramics, and related materials, forged its relationship with Korea by setting up a liaison office in South Korea. Corning established Samsung Corning in partnership with Samsung in 1973, Samsung Corning Precision Glass in 1995 and Samsung Corning Advanced Glass in 2012.
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