SEOUL, Aug. 23 (Korea Bizwire) — South Korea and Paraguay have signed an economic partnership agreement on trade and investment, marking the second country in South America’s Mercosur bloc to clinch such a deal, officials said Friday. Trade Minister Cheong In-kyo signed the Trade and Investment Promotion Framework (TIPF) with Paraguay during a meeting with [...]
SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]
SEOUL, Jul. 22 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, is revving up its merger and acquisition (M&A) engine, with a particular focus on artificial intelligence (AI) technologies. The company’s recent moves have ignited speculation about its next big deal and future direction in the rapidly evolving AI landscape. On July 16, Samsung [...]
SEOUL, Jul. 12 (Korea Bizwire) – The Ministry of Education announced on July 11 that it will provide 56.1 billion won to support the restructuring of 86 departments at 60 vocational high schools as part of its “2024 Vocational High School Restructuring Support Project.” The initiative, which has been ongoing since 2016, aims to boost the [...]
SEOUL, Jul. 8 (Korea Bizwire) — Nine out of 10 large companies in South Korea plan to maintain or increase their investments in the second half of the year, despite challenges such as prolonged high interest rates, a weak local currency and international uncertainties, a survey showed Monday. In the survey conducted by Mono Research, [...]
SEOUL, Jun. 18 (Korea Bizwire) — The Seoul city government will invest 650 billion won (US$471 million) over the next five years to help universities nurture workforces to lead prospective future industries, Seoul Mayor Oh Se-hoon announced Tuesday. The plan aims to boost the city’s global competitiveness by empowering universities in the capital with their [...]
SEOUL, May 30 (Korea Bizwire) — President Yoon Suk Yeol and United Arab Emirates (UAE) President Mohamed bin Zayed Al Nahyan adopted a joint statement Thursday, pledging to invest more in each other’s countries and urging North Korea to abandon its nuclear weapons. The statement was adopted on the occasion of the Arab leader’s state [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s industry ministry said Thursday it plans to make proactive efforts to help manufacturing firms roll out planned investments without delay amid looming challenges in the business environment. The announcement came amid growing uncertainties in the market, including prolonged monetary tightening, which may have an adverse impact on [...]
SEOUL, Apr. 9 (Korea Bizwire) — Big companies in South Korea increased their investments in research and development (R&D) activities last year despite decreased earnings, a corporate data tracker said Tuesday. Their combined R&D investments rose 9.4 percent to 73.42 trillion won (US$54 billion) in 2023 from 67.14 trillion won a year earlier, according to [...]
SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won. Hyundai’s production workers, known [...]