Woori Financial Group has established a strategic partnership with Mubadala, the sovereign wealth fund of the United Arab Emirates (UAE), between their respective subsidiaries.According to sources in the financial sector on Feb. 28, Woori Venture Partners, a subsidiary of Woori Financial Group, sign
Mubadala Investment, the largest sovereign fund in the Middle East, has announced its investment in Osstem Implant, South Korea’s leading dental implant material manufacturer, in collaboration with MBK Partners and Unison Capital.Established in 2002 by Abu Dhabi, Mubadala is a state-owned investment
Hahn & Company (Hahn&co), a private equity fund (PEF) operator, has attracted about 1 trillion won (US$749 billion) in institutional funds for its first domestic funding.According to recent investment banking industry sources, Hahn & Company’s 4th blind fund, which has been in the collection phase s
The United Arab Emirates (UAE), which pledged US$30 billion in investment in Korea during a bilateral summit in January, has set out to make that investment in Korea. It is reviewing investment opportunities worth US$2 billion in Korea, focusing on priority investment cooperation areas such as energ
The South Korean government announced on Jan. 15 that the UAE decided to invest US$30 billion in South Korea, mainly in the fields of nuclear power generation, energy, national defense and future industries.South Korean President Yoon Suk-yeol is currently staying in the UAE along with the heads of
SK Group has announced its cooperation with Mubadala, a sovereign wealth fund in the United Arab Emirates (UAE), to overcome the climate change crisis.To this end, SK signed a memorandum of understanding (MOU) with Mubadala at the Presidential Palace in Abu Dhabi, UAE on Jan. 15 (local time) on the
SK Biopharmaceuticals has established Ignis Therapeutics, a central nervous system (CNS) pharmaceutical company, with 6 Dimension Capital (6D), a global investment company based in Shanghai.SK Biopharm has acquired a 44.9 percent stake in Ignis Therapeutics by transferring the sales rights in China
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com. -- Ed. Several media outlets are reporting that Intel is in talks to acquire GF. Should the M&A materialize, we believe that foundry industry competition will intensify, with existing players such as Samsung
Korea Investment Corp. (KIC) posted a return on investment of 13.71 percent, US$21.8 billion, last year after having reached 15.39 percent in 2019.KIC’s cumulative investment returns were US$71 billion at the end of 2020. The 2019 and 2020 returns are US$42 billion in total.“The figure of US$21.8 bi
Samsung Electronics has recently invested in quantum computing technology which can compute thousands of times faster than supercomputers. Quantum computing is a computational technology that processes data using quantum-mechanical phenomena such as "entanglement" and "superposition." IBM, Intel, Go
GlobalFoundries (GF) said on March 14 that neither the company itself nor its Fab 7 in Singapore are put up for sale.In a statement, the world’s third largest semiconductor foundry said, “Rumors and speculation about the sale of GlobalFoundries’ Fab 7 in Singapore are false. Fab 7 is not for sale an
The Korean Minister of Trade, Industry and Energy said on February 27,that minister Baek Woon-gyu visited the UAE for three days from February 24 and met with five ministers of the UAE and Abu Dhabi governments. In the meeting, both sides agreed to promote economic cooperation between the two nation
Nexen Tire, a Korea tire manufacturer, and Mubadala Investment Company (MIC), an Abu Dhabi strategic investment fund, agreed on establishing a strategic partnership.Khaldoon Khalifa Al Mubarak, Managing Director and Group CEO of Mubadala, and Travis Kang, CEO of Nexen Tire, signed a Memorandum of Un
It has been found that Mubadala Technology, a state-run company of the United Arab Emirates, is seeking to sell its GlobalFoundries semiconductor plants located in multiple countries such as the United States, Germany and Singapore. GlobalFoundries is the third-largest semiconductor foundry in the w