Seed Group, a leading company under the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, has taken a significant step towards revolutionising the travel industry in the Middle East and North Africa (MENA) region through its strategic partnership with Seoul-based hospitality tech startup ONDA.Wit
The government plans to allocate 910 billion won (US$679.87 million) to a seed fund, intending to establish a 1.7 trillion won venture capital. Notably, the government’s investment is scheduled to be executed entirely within the first quarter, providing a ray of hope for the cash-strapped venture in
Com2us will launch three new games for the global game market in different genres in the first half of the year. “Our goal is to see all three new games reach top 10 in sales in the global market,” said Han Ji-hoon, head of the game industry division at Com2us.Com2us revealed the details of the thre
Chairman Seo Jung-jin of Celltrion Group has revealed plans to list the holding company, Celltrion Holdings, on the NASDAQ in the United States.According to the industry sources on Jan. 15, Chairman Seo, who owns 98.5% of Celltrion Holdings, announced these plans while speaking at the Korean Busines
The landscape of venture investment, including startups and other unlisted companies, has undergone significant changes after enduring a cold spell lasting more than a year and six months. Instead of Software as a Service (SaaS), the rise of manufacturing industries such as semiconductors has become
Huawei Korea recently hosted the ICT Talent Alumni Ceremony, a ceremony celebrating and announcing the achievements of participants in its domestic ICT talent development program. The event took place on Dec. 22 at the Emerald Hall of Lotte Hotel Seoul in the Jung district of the city. It was organi
Warburg Pincus, the oldest private equity firm and a leading global growth investor, today announced that, through its Warburg Pincus Asia Real Estate Fund (“WPARE”), it will establish a logistics and industrial real estate joint venture - QUBE Industrial with MQ Logistics (“MQ”), one of South Korea
In 2024, 165,000 foreign workers will enter Korea on non-professional work visas (E-9). This will be the highest number ever. The industries they can work in will also be expanded to include restaurants, mining and forestry.The Ministry of Employment and Labor announced the decision in a meeting of
In the third quarter of this year, SK Group emerged as the top conglomerate in South Korea, showing the highest level of interest in “ESG management” among the country’s top ten groups. SK Group’s ESG management-related posts were the only ones to exceed 10,000, with LG Group and HD Hyundai Group fo
The share of Chinese-made drones in Korea’s rural areas has ballooned, following the trend of Chinese-made solar power facilities across Korea.According to data that the Ministry of Agriculture, Food and Rural Affairs submitted to the Office of Ahn Byung-gil, a member of the National Assembly on Oct
In a collective move to fortify the digital skills pipeline, Huawei, the ASEAN Foundation, and the Southeast Asia Ministers of Education Organization (SEAMEO) today hosted the Seeds for the Future Summit 2023. Under the theme "Connect, Cultivate, Contribute for Inclusive Digital Talent Growth in Asi
Naver has unveiled HyperClova X, a new generative artificial intelligence (AI) platform. Naver will build an AI ecosystem and establish a model for mutual growth with Korean startups through the AI platform.At the DAN23 Conference held at the Grand InterContinental Seoul Parnas on Aug. 24, Choi Soo-
In the first half of this year, venture investment amounted to 4.4 trillion won (US$3.35 billion), marking a 41.9 percent decrease compared to the same period last year. This decline can be attributed to the lingering effects of interest rate hikes that began in the latter half of the previous year
Korea Hydro & Nuclear Power (KHNP) is set to participate in the green cement conversion project in South Australia.KHNP signed a memorandum of understanding (MOU) and a statement of cooperation (SOC) for the production of green hydrogen for South Australia’s green cement manufacturing project with t
The K-Ricebelt initiative, aimed at increasing rice production in Africa by disseminating Korean rice seeds and agricultural technology, has officially begun.The Ministry of Agriculture, Food and Rural Affairs held the K-Ricebelt Ministerial Meeting at the JW Marriott Hotel in the Seocho district of
New investments in venture startups plunged by one third in the first half of the year. The number of startups that received big investments plummeted.According to startup investment information platform TheVC, startups and SMEs received 2.819 trillion won (US$2.160 billion) in investment in the fir
Huawei announced it has joined the UNESCO Global Alliance for Literacy (GAL) as part of the company's lead up to the Mobile World Congress 2023. The announcement was made at a Digital Talent Summit co-hosted by Huawei and the Institute for Lifelong Learning (UIL) which serves as the Secretariat
Hankook Tire & Technology, affiliate of Hankook & Company Group (formerly Hankook Tire Group), announced its participation as a KRW 3 billion pre-Series A investor of used car e-commerce platform 'CARMERCE'. The investment contract was signed at Hankook & Company’s headquarter, 'Technopl
Doosan Energy and Samsung C&T will participate in a pilot small module reactor (SMR) project in Ukraine.According to the U.S. State Department on Nov. 13, U.S. Special Envoy for Climate John Kerry and Ukrainian Energy Minister German Galushchenko announced a pilot SMR project at the 27th Conference
Huawei has launched Asia Pacific Seeds for the Future 2022 in collaboration with ASEAN Foundation and Tourism Authority of Thailand (TAT). From Aug. 19 to 27, the program will bring together 120 outstanding students from 16 countries across the Asia Pacific region for a 9-day digital boot camp in Th