Korea to allocate KRW 1.1T For Level-4 Autonomous Driving Technology
South Korea announced that it would invest KRW 1.1 trillion ($997 million) for the development and commercialization of level-4 driving ...
Tag: Investment
Merck to Invest 25 Bln Won for OLED Manufacturing Facility in Gyeonggi
Merck, a multinational science and technology company headquartered in Darmstadt, announced on Wednesday that it signed an MOU together with ...
SoCar Becomes First Mobility Startup Unicorn After 60Bln Won Funding
South Korean car-sharing and ride-hailing startup SoCar announced on Friday that it attracted a new 60 billion won ($52.5 million) ...
Hyundai Mobis Injects $25 Million in AR Head-Up Display Firm Envisics
Hyundai Mobis announced on Wednesday that it made a 29 billion won ($25 million) investment in UK-based augmented reality head-up ...
Carousell Attracts $80 million Investment from Naver-led Consortium
A consortium led by South Korean online platform operator Naver Corp., invested 94 billion won (US$80 million) into Singapore-based classified-ads ...
Enterprise AI Solutions MakinaRocks Attracts 12 Bln Won in Series A
MakinaRocks, a startup specializing in enterprise AI solutions, announced on Wednesday that it had attracted 12 billion won ($10 million) ...
President Moon Visits SK hynix Plant, Details Material Industry Plan
South Korean President Moon Jae-in on Thursday visited the country's second-largest chipmaker SK hynix's DRAM cluster plant in Icheon, Gyeonggi ...
Hyundai Mobis Injects 25 Bln Won into VC Funds for Future Mobility
Hyundai Mobis announced on Thursday that it invested 25 billion won ($20 million) into ACVC Partners and MOTUS Ventures, U.S.-based ...
KT to Inject 50 Billion Won for 10 Percent Stake in Hyundai Robotics
KT Corp., a South Korean telecommunications company, announced on Tuesday that it would inject 50 billion won ($41.4 million) to ...
NAVER D2SF Invests in Digital Health and Autonomous Driving Startups
Through its startup accelerator D2SF Startup Factory, Naver Co. invested in two new startups in digital health and autonomous driving. ...
Hyundai Mobis to Inject 1 Trillion Won for Future Mobility R&D this Year
Hyundai Mobis, a South Korean car parts maker, announced on Wednesday that it would inject around 1 trillion won ($810 ...
SK Innovation Invests $727 Million to Build Second U.S. EV Battery Plant
SK Innovation said on Tuesday that it plans to inject an additional 886 billion won ($727 million) investment to build ...
LG Chem to Inject 65 Bln Won to Increase Carbon Nanotube Production
LG Chem said Monday that it would inject 65 billion won ($53 million) to boost its carbon nanotubes production manufacturing ...
SKC Raises 1Tr Won Investment Expanding into Mobility and Chip Biz
SKC said on Monday that it raises around 1 trillion won ($815 million) of investment to expand into the mobility ...
S. Korea’s SoCar Secures 51 Bn Won Amid Legal Setbacks
SoCar announced on Wednesday that the company secured a total of 51 billion won ($43.1 million) since December from several ...
Proptech Startup Spacewalk Raises 8 Billion Won in Series A Funding
Property technology (proptech) startup Spacewalk announced that it raised 8 billion won ($6.85 million) in a recent Series A funding ...
Kia Motors to Inject 29 Trillion Won to its Electric, Purpose-Built Sector
According to Kia Motors Corporation's midterm outline called Plan S, the carmaker will invest 29 trillion won ($25 billion) over ...
Hyundai Motor Group to Invest 100 Trillion Won in Future Mobility
Update (April 2, 2020): Hyundai Motor Group announced on March 31 that it would establish a mobility innovation center in ...
Samsung Display to Source Galaxy Fold 2 Glass Screen from Dowoo Insys Co.
According to industry officials on Monday, South Korean tech giant Samsung Electronics’ subsidiary, Samsung Display Co., invested 13.5 billion won ($11.6 ...
LG Boldly Invests on its VS Division
Company officials said on Sunday that LG Electronics strengthened its business portfolio by making daring investments in automotive electrical systems ...