Initial coin offerings (ICOs) will not be banned in South Korea after all, according to a recent decision by the central government. Although the market will still be governed by strict regulations, institutional players will have the opportunity to invest in the burgeoning market.
Danish-headquartered decentralized exchange OpenLedger has received seed funding from a group of Chinese, American and European investors after a recent tour of blockchain and cryptocurrency events in the U.S., China and South Korea designed partly to sound out and attract potential crypto investors.
<p>Management of Japan’s pearl retailer Tasaki & Co will buy out the company with private equity firm MBK Partners for 3,1.5 billion yen ($283 million), Tasaki said on Friday.</p> <p>MBK Partners, a private equity firm targeting assets in Japan, South Korea and China, will buy all of Tasaki’s shares, except treasury stock, for 2,205 yen per share through a tender offer on Monday, Tasaki said.</p>
Korea Electric Power is keen to buy a stake in a U.K. nuclear venture from Toshiba, President Cho Hwan-eik said Wednesday, as the Japanese company pares its overseas nuclear business.
At the Indonesia-Korea Business Summit, the BKPM and the Korea Trade Investment Agency (KOTRA) signed a MoU as a way to promote investments.
PayPal has joined a 55 billion won ($48 million) investment by Silicon Valley venture capital firms in South Korean fintech startup Viva Republica, the world's fastest-growing payments company by transaction volume. The deal marks the U.S. payment company's first fintech investment in the East Asian country, home to a $1 trillion consumer loan industry and one of the world's most active mobile banking markets.
With 546 trillion won ($456.5 billion) in assets, South Korea's public National Pension Service is the world's third-largest pension fund, behind Japan's and Norway's. It's also become a part of the widening scandal surrounding impeached President Park Geun-hye.
Dubai Investment Development agency (Dubai FDI), an agency of the Department of Economic Development (DED), along with the Sharjah Investment & Development Authority (Shurooq) and the Dubai Multi Commodities Centre (DMCC), have recently went on a mission to South Korea to discuss opportunities in improving trade and investment exchanges between the UAE and South Korea.
South Korean beauty company Memebox today announced it has raised another $60 million in funding led by investors Goodwater Capital, Altos Ventures, Cowboy Ventures, Mousse Partners, Formation Group, Funders Club, Pear Ventures, Cota Capital and Janet Gurwitch. The online retailer says the the new capital was raised as an extension of its initial Series C round in August, citing more investor demand than anticipated.