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MKE establishes 90 billion won Semiconductor Fund
Korea’s Ministry of Knowledge Economy (MKE), in cooperation with Samsung Electronics and Hynix Semiconductor, has created a 90 billion won Semiconductor Fund.
The MKE has received proposals from 9 private equity and venture capitals firms, and the Korea Semiconductor Industry Association …
Lumirich and Lotiple receive VC investment
Venture capital firms Mirae Asset Venture and IMM have invested 1 billion won and 5 billion won, respectively, into Korean LED lighting company LumiRich. Founded in 2008, LumiRich
KDB Capital selected to manage New Growth Engine Fund
On September 15, Korea’s Ministry of Knowledge Economy (MKE) announced that it has selected KDB Capital to manage a 50 billion won New Growth Engine Fund. More than
POSCO partners with Columbian firms Blue Pacific and Fanalca
Maeil Business News has reported that South Korea’s steelmaking leader POSCO has signed an MOU with Columbia’s Blue Pacific Assets Corp. and Fanalca SA to ensure mutual cooperation
Japanese firms in talks with Samsung to form chipset JV
Reuters has reported that Samsung Electronics is in talks with Japanese firms NTT DoCoMo, Fujitsu Ltd, NEC Corp, and Panasonic Mobile Communications are in talks to form a
POSCO and Tuwairqi sign MOU for steel JV
The Associated Press of Pakistan has reported that South Korea’s largest steelmaker POSCO has signed an MOU on September 10 to form a joint venture with Saudi Arabia’s
Macquarie PEF to acquire Yeongdeok wind farm
Macquarie Korea Opportunities Fund (MKOF) a private equity fund established by Australian financial firm Macquarie, has acquired Korea's first commercial wind power complex, Yeongdeok wind farm, for 40 billion won. The
KoFC to create 100 bn won Green Fund
The Korea Finance Corporation (KoFC) has announced plans to begin selecting management firms for its second Green Fund by the end of this year. The selection criteria and
POSCO and Mitsubishi to set up joint venture
According to Yonhap News, POSCO Chemtech announced on September 6 that it has agreed to set up a joint venture with Mitsubishi Chemical Holdings and Mitsubishi Corporation. The
S. Korea to commit funds to renewable energy
According to Bloomberg, South Korean government officials have announced plans to encourage domestic companies to invest in clean energy by providing as much as 1.24 trillion won ($1.16
