Kolon Life Sciences said on Jan. 14 that it has signed an agreement with Mundipharma of the United States to export 100 billion won (US$89.75 million) worth of Invossa, the world's first cell and gene therapy for osteoarthritis, to nine countries.Under the terms of the agreement, Mundipharma wil
SeAH Steel is increasing its presence in Southeast Asia, including Vietnam, as part of its efforts to tide over the rising barrier of global protectionism.According to the steel industry on Dec. 23, SeAH Steel will invest about 40 billion won (US$36 million) to expand its second plant in Vietnam, Se
The number of South Korean companies leaving their home country is increasing to a worrisome extent. Specifically, the net outflow of direct investment amounted to US$88.2 billion for the most recent five years. Both large corporations and smaller companies are refraining from investing in South Kor
Lotte Confectionery has acquired a bread-making company in Myanmar to accelerate penetration of the Southeast Asian market.The company announced on October 23 that it has acquired a 80% stake in L&M Mayson Company Limited for 76.9 billion won (US$69 million).Established in 1996, L&M Mayson is runnin
SK Group has decided to invest about 530 billion won (US$470 million) in Masan Group, one of the major business groups in Vietnam.SK Group will purchase 109.9 million shares (about 10% stake) of Masan Group for US$470 million and is about to sign a contract.The Masan Group is the seventh biggest bus
Recently, more and more South Korean financial companies are expanding their business abroad, including Southeast Asia. In particular, the Moon Jae-in administration has been pursuing “New Southern Policy” to strengthen economic and diplomatic cooperation with ASEAN member countries. Accordingly, th
SK Group has decided to set up an investment company in Singapore that would focus on investing in local startups and high-growth projects in Southeast Asian countries.According to SK Group on July 31, SK C&C Co., SK Innovation Co., SK Telecom Co., SK Hynix Inc. and SK E&S Co. have recently decided