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
The author is an analyst of NH Investment & Securities. She can be reached at jiyoony@nhqv.com. -- Ed. FILA Holdings’ 2Q22 results surpassed consensus on an earnings surprise at Acushnet and favorable forex rate effects. In 2H22, achieving sound earnings at the main business looks challenging amid e
Although the global investment market was frozen due to inflation concerns, interest rate hikes and the effects of the Ukraine war, many Korean startups successfully attracted investments in the first half of this year. But in July, startup investments plunged.Investment in Korean startups totaled 8
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com. -- Ed. Wielding aluminum extrusion and smart farm installation technologies, Green Plus boasts the strongest smart farm track record in Korea. With the population aging and with farmer numbers falling, t
SK Innovation said on June 9 that it has donated 100 million won to MangLub, a social enterprise in Vietnam undertaking a forest restoration project. The donated money was raised through green points, which were donated by visitors to SK Innovation's booth at CES 2022 held in Las Vegas in Januar
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. LXI’s 1Q22 earnings are predicted to top consensus. Moving ahead, earnings momentum should sustain, thanks to its solid logistics and E&P businesses. Upcoming positives include new business exp
Samsung Electronics's U.S. subsidiary Harman announced on Feb. 11 that it has acquired Apostera, a German augmented reality (AR) head-up display (HUD) software company.Founded in 2017, Apostera is a company that provides augmented reality and mixed reality software solutions.Apostera supplied HU
The combined market value of the venture startups that received investment from POSCO for the past 10 years amounts to 2 trillion won, according to the steelmaker.POSCO marked the 10th anniversary of the POSCO Idea Marketplace (POSCO IMP), a venture cultivation program, with a ceremony at Pohang Cha
KB Financial Group said in its report on Nov. 14 that most of those with financial assets of at least one billion won are negative about investing in virtual assets and most of those with financial assets of at least three billion won are even more negative about it.“Only 3.3 percent of those wealth
NextChapter, a digital commerce platform that acquires and operates Coupang and Naver-based online native brands in Korea, announced on July 23 that it has raised an undisclosed amount in a seed round.The funding was led by Korean and international venture capital firms including Klim Ventures, Fast
Databank, a South Korean education technology startup, has recently raised US$2.7 million Series A funding from Company K Partners, Intervest, and KB Investment.The company operates TOEFLBANK, a global test prep solution for adaptive, equitable learning. Featuring automated grading powered by the un
Ringle English Education Service Co. (Ringle), a member company of Born2Global Centre that provides 1:1 video English lessons with native-speaking tutors from prestigious U.S. and U.K. universities, has secured US$8.9 million in investments.The potential of Ringle, which is currently in the process
The author is an analyst of KB Securities. He can be reached at joonsop.analyst@kbfg.com. -- Ed. Changes to dividend policy, intent to reform governance structure announced— SK telecom at its Mar. 25 shareholder meeting disclosed that in light of its view that the current share price does not fully
Fresh investment in venture companies totaled 2,848.5 billion won in the first three quarters of this year. Annual venture investment is expected to surpass four trillion for the second consecutive year, following 4,277.7 billion won in 2019.Venture investments were sluggish in the first half of the
LG Group has accumulated about 10 trillion won in cash over the past four years, analysts say. They say that with the separation of LG Group advisor Koo Bon-joon with some affiliates from LG Group, the cash will be used in merger and acquisition (M&A) for LG Group chairman Koo Kwang-mo's "New LG
Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, has recently received a seed investment of US$1.9 million from angel investments by individuals and partner corporations. Autonomous a2z is a company specializing in autonomous mobility solutions.The startup announced that
MORAI, Inc., a member company of Born2Global Centre and Sejong Technopark, has successfully secured US$1.8 million in Series A funding round. The round includes investment from Kakao Ventures and Korea Credit Guarantee Fund (KODIT) as well as from an existing investor Naver D2SF (Naver D2 Startup Fa
Selling fresh produce from an island to the whole nationIn 1995, when then-33-year-old Kim Jeong-yeol started his fruit and vegetable farm on Korea’s Jeju Island, he had a lot to learn. Jeju was his home, so he knew his way around. But his parents had run a factory and he was completely new to farmi
Samsung Biologics has entered into a strategic partnership with Kanaph Therapeutics, a Korean biotech startup, to develop KNP-301, a bi-specific Fc fusion protein intended to treat retinal diseases, the company announced on Sept. 24.According to Kanaph Therapeutics, KNP-301 is designed to target aut
About four out of 10 startups that have entered foreign markets targeted the global market from the beginning, a KOTRA survey has found.KOTRA conducted a survey on 135 Korean startups with CEOs under 39 years old that entered overseas markets with innovative technology.Startups that started a busine