News Formal

South Korea's Kakao Entertainment secures $1.3b investment from sovereign wealth funds

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 59%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

SEOUL — South Korean tech conglomerate Kakao Corp said on Thursday (Jan 12) unit Kakao Entertainment secured a 1.2 trillion won (S$1.3 billion) investment from leading sovereign wealth funds. The move, which Kakao said was the largest overseas investment in a South Korean content company, signals investors' bullish outlook for Korean contents' growth potential and its 'recession-proof' tendencies when weak...

SEOUL — South Korean tech conglomerate Kakao Corp said on Thursday unit Kakao Entertainment secured a 1.2 trillion won investment from leading sovereign wealth funds.

Singapore's GIC and Saudi Arabia's Public Investment Fund decided to each invest 600 billion won in the entertainment firm, local newspaper Korea Economic Daily reported on Thursday, citing unnamed investment banking sources. Kakao Corp shares rose one per cent in early morning trade, outperforming a 0.2 per cent rise in the wider market.

Unlisted Kakao Entertainment has a business portfolio ranging from K-Pop — including artist management — to shows, movies, and online-targeted, comparatively low-cost content such as comics called webtoons and serial web novels.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 10. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

South Korea's Kakao Entertainment secures $966 million investment from sovereign wealth fundsSEOUL : South Korea's Kakao Corp said on Thursday unit Kakao Entertainment secured a 1.2 trillion won ($966.27 million) investment from leading sovereign wealth funds. Singapore's GIC and Saudi Arabia's Public Investment Fund (PIF) decided to each invest 600 billion won respectively in the entertainment f
Bron: ChannelNewsAsia - 🏆 6. / 66 Lees verder »

S Korea's Kakao Entertainment secures $966 million investment from sovereign wealth fundsSEOUL :South Korean tech conglomerate Kakao Corp said on Thursday unit Kakao Entertainment secured a 1.2 trillion won ($966.27 million) investment from leading sovereign wealth funds. Singapore's GIC and Saudi Arabia's Public Investment Fund (PIF) decided to each invest 600 billion won in the entertainment fi
Bron: ChannelNewsAsia - 🏆 6. / 66 Lees verder »