South Korea was reported to be a possible investor in Britain's nuclear power market after the Asian country hired Lloyd's Register to evaluate its nuclear reactors, according to a director at Lloyd's.
Korea, South
US ranks 31st in Internet speed list, nationwide Google Fiber network to cost USD11 billion
According to Speedtest.net, 30 countries including Moldova and Uruguay have faster Internet than the United States. Google Inc. has began building its fiber network in Kansas. A nationwide Google Fiber rollout, however, may cost USD1 billion.
South Korean government upsizes IBK block sale to USD250 million
The government of South Korea has increased the offering size for a part of its stake in Industrial Bank of Korea (IBK) to USD250 million. Its finance ministry will be selling 23.24 million shares instead of the initial 13.16 million shares.
Transgene supports SillaJen plans to purchase Jennerex
France-based biopharmaceutical company Transgene supported the proposal of South Korean contract research and development firm SillaJen Inc to acquire biotherapeutics company Jennerex. Transgene owns 8.5% of Jennerex.
EU lifts ban on tankers transporting Iranian crude
Following a nuclear deal reached in Geneva, the European Union has removed the ban on insuring tankers transporting Iranian oil. The EU also agreed to release USD4.2 billion in frozen oil assets and permit Iranian crude exports to continue at its current levels.
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Japan-based Secured Capital, the real estate arm of private equity firm PAG, raised USD1.5 billion to invest in real estate and debt opportunities in Asia.
Samsung Electronics Co's newest smartphone would be equipped with a three-sided display that would allow users to view their messages or phone content at various angles, said sources who were familiar with the company plans.
Sovereign wealth funds Korea Investment Corporation and Russian Direct Investment Fund pooled USD500 million for a cross-border private equity investment platform. The fund was intended to encourage trade and investment cooperation between South Korea and Russia.
The Additional Securities were acquired by ILJIN for investment purposes. Such investment will be reviewed by ILJIN on a continuing basis and such holdings may be increased or decreased in the future. ILJIN may acquire additional ordinary shares of Aurinia, privately or otherwise, as the circumstances or market conditions warrant.
Hanjin Shipping Co Chief Executive Officer Kim Young Min left the company as the South Korean shipper struggles financially due to its ballooning debt.
E-commerce company Groupon announced its third quarter revenue results and plans on acquiring Korea's Ticket Monster.
A block trade in Samsung Electronics raised $356 million from the sale of its preference shares. A day after the pronouncement of its long-term strategy, an undisclosed insitutional shareholder of the South Korean multinational Samsung Electronics has reportedly raised around W377.
Some investors expressed discontent at the investment plans of giant phone maker Samsung Electronics.
Samsung Electronics Co said it would be increasing its display resolutions via its large-display phones called "fonblets" starting next year.
