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Asia

The Korea Times

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Mon, January 30, 2023 | 10:54

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment draws equity financing of $964 mil. from Singapore, Saudi Arabia

Kakao Entertainment, a cultural content affiliate of Kakao Corp., said Thursday that it has drawn equity financing to the amount of 1.2 trillion won ($964 million) from leading global sovereign wealth funds. They are Singapore's Government of Singapore Investment Corp (GIC) and Saudi Arabia's Public Investment Fund (PIF).

Lee Kyung-min | 2023-01-12 15:52

Is Elon Musk losing interest in Korea?

Is Elon Musk losing interest in Korea?

President Yoon Suk Yeol's teleconference last November with Tesla CEO Elon Musk appears to have ended fruitlessly, as the U.S. electric vehicle (EV) manufacturer is about to build its second Asian Gigafactory in Indonesia, instead of Korea, according to foreign news outlets, Thursday. Bloomberg News reported on Wednesday that Tesla is close to a preliminary deal to set up its...

Park Jae-hyuk | 2023-01-12 15:35

Chung Euisun named MotorTrend Person of the Year

Chung Euisun named MotorTrend Person of the Year

Hyundai Motor Group Executive Chair Chung Euisun has been selected to win the MotorTrend Person of the Year award, according to the company, Thursday. The MotorTrend Power List ranks the 50 most influential people in the global automotive industry each year. During the past five years, Chung has risen progressively from his first appearance on the power list at No. 12 in 2018...

Kim Hyun-bin | 2023-01-12 15:09

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's ICT exports hit record high of $233 bil. in 2022

Korea's exports of information and communication technology (ICT) products hit a fresh high last year on strong overseas demand for chips and mobile phones, data showed Thursday.

2023-01-12 13:18

Kakao Entertainment secures $966 mil. investment from sovereign wealth funds

Kakao Entertainment secures $966 mil. investment from sovereign wealth funds

Korean tech conglomerate Kakao said on Thursday unit Kakao Entertainment secured a 1.2 trillion won ($966.27 million) investment from leading sovereign wealth funds.

2023-01-12 10:08

Should Sejong get KTX station?

Should Sejong get KTX station?

Should the KTX bullet train have a stop in Sejong, an administrative city south of Seoul? The long debate resurfaced again recently, sparked by a heated social media spat between Sejong Mayor Choi Min-ho and North Chungcheong Province Governor Kim Young-hwan.

Lee Kyung-min | 2023-01-12 08:19

Samsung most searched company during CES 2023: KPMG report

Samsung most searched company during CES 2023: KPMG report

Samsung is the most searched company in relation to the Consumer Electronics Show (CES) 2023, according to the latest Samjong KPMG report on this year's CES. The report utilized Google Trends to analyze keyword search patterns globally for six days from Jan. 3 to 9. The analysis also showed that Sony, AMD, ASUS and LG were among the top five keywords, following Samsung, durin...

Anna J. Park | 2023-01-11 16:56

Hanwha to invest $2.5 billion to build North America's biggest solar module plant

Hanwha to invest $2.5 billion to build North America's biggest solar module plant

Hanwha Solutions held a press conference, Wednesday, to unveil its plan to invest a combined 3.2 trillion won ($2.5 billion) by the end of next year in the construction of North America's largest solar power complex in Georgia and the expansion of its Dalton module factory in the southeastern state. The size of the investment is the largest ever in the U.S. solar energy indus...

Park Jae-hyuk | 2023-01-11 16:53

Korea seeks to sign free trade deals with over 10 countries in 2023

Korea seeks to sign free trade deals with over 10 countries in 2023

Up to 10 resource-rich countries will sign free trade agreements with Korea, in order to weather the rapidly deteriorating global trade as well as economic conditions, the trade ministry said Wednesday. “Korea will identify new overseas markets where strong local players will be able to thrive, a priority equally important as leading the global discourse on establishing trade...

Lee Kyung-min | 2023-01-11 16:46

Chaebol tycoons to accompany Yoon on UAE visit

Chaebol tycoons to accompany Yoon on UAE visit

Heads of major domestic companies will accompany President Yoon Suk Yeol on his upcoming visit to the United Arab Emirates (UAE) this year as they seek to find new business opportunities in the oil-rich nation, according to industry officials Wednesday. The top businessmen include Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Chung Euisun and ...

Kim Hyun-bin | 2023-01-11 16:41

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