-
2 weeks ago | 
kedglobal.com | Jung-hwan Hwang
South Korea’s Ministry of SMEs and Startups on Thursday announced the launch of a 40 billion won ($27 million) fund to invest in Korean beauty startups to support their global expansion following US tariff hikes. Kolmar Korea and Cosmax Inc. – the world’s leading original development manufacturers (ODM) of cosmetics products -- are anchor investors in the fund.
-
Dec 1, 2024 | 
kedglobal.com | Jung-hwan Hwang |Yeong-Hyo Jeong
South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, adding to expectations that the central bank is likely to cut interest rates further to prop up Asia’s fourth-largest economy. Exports rose 1.4% to $56.4 billion last month from a year earlier, the slowest pace since September 2023 when overseas sales fell 4.4%, data from the Ministry of Trade, Industry and Energy showed on Sunday.
-
Nov 20, 2024 | 
kedglobal.com | Jung-hwan Hwang
Korea Electric Power Corp. (KEPCO) announced on Thursday that it was selected as the final successful bidder to build and operate two 1.9GW combined cycle gas power plants in Saudi Arabia. The projects, Ruma 1 and Nairiyah 1 will each require an investment of 2.8 trillion won ($2.0 billion) and are scheduled to begin operations by 2028. The generated power will be sold to the Saudi Power Procurement Company (SPPC) under a 25-year agreement.
-
Nov 6, 2024 | 
kedglobal.com | Jung-hwan Hwang
Korea Electric Power Corp. (KEPCO), the South Korean state-run utility company, said on Thursday it signed a memorandum of understanding (MOU) with LS Electric Co. to establish a collaborative model for predictive diagnostics of power facilities.
-
Oct 6, 2024 | 
kedglobal.com | Jung-hwan Hwang |Yeong-Hyo Jeong
Reshoring, or a corporate U-turn to the home country from an overseas location, has been the global trend since the outbreak of the COVID-19 pandemic amid the escalating US-China trade conflict. Governments around the globe offered generous incentives and tax breaks to welcome their companies back home, resulting in growing numbers of companies creating jobs in their home countries.
-
Oct 2, 2024 | 
kedglobal.com | Se-min Huh |Jung-hwan Hwang
South Korea’s largest institutional investor, the National Pension Service (NPS) managing assets of 1,150 trillion won ($870.6 billion), struggles to recruit investment managers, raising concerns about the quality of its fund management capability.
-
Sep 5, 2024 | 
kedglobal.com | Jung-hwan Hwang
South Korea's National Pension Service (NPS), the world's third-largest pension fund, opened an office in Silicon Valley, San Francisco, on September 5. The new office in the One Bush Podium building in downtown San Francisco marks NPS's fourth overseas branch after New York, London, and Singapore. It will serve as a hub for the fund's alternative investments on the US West Coast and facilitate direct investments in the tech sector.
-
Aug 29, 2024 | 
kedglobal.com | Jung-hwan Hwang
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 9.71% investment return for the first half of this year as of August 31, according to its preliminary report on Friday. As of the first half, the fund's valuation stood at 1,147 trillion won ($858.7 billion), and the cumulative income since the fund's establishment is 680.4 trillion won ($509.3 billion).
-
Aug 8, 2024 | 
kedglobal.com | Jung-hwan Hwang
South Korea will prioritize non-price criteria such as economic security and contributions to the domestic supply chain over bidding prices when selecting operators and suppliers of offshore wind power projects, the Ministry of Trade, Industry and Energy (MOTIE) said on Thursday. The move is aimed at containing the influence of China in the county’s burgeoning wind power industry, into which South Korea is expected to inject about 50 trillion won ($36 million) over the next two years.
-
Aug 2, 2024 | 
kedglobal.com | Jung-hwan Hwang |Yeong-Hyo Jeong
South Korean companies are getting tough on anti-dumping and patent infringement cases as they feel threatened by the intensifying price competition and narrowing technology gap with Chinese rivals even in high-tech fields. Previously, trade disputes between the two countries had been centered on protecting trademark and design rights against counterfeit products, involving small and medium-sized enterprises.
