S. Korea's Daewoo bags overseas investment funding

Daewoo International Corp. signed a deal with a private equity fund to invest US$180 million in its future overseas resource development.

The deal will enable Daewoo International to secure funding for overseas investment projects without imposing a burden on its own finances, the company said.

The money, which will come from the Devonian Fund set up by Korea Investment & Securities Co., will be used for its overseas exploration of natural resources, Daewoo International said.

"The investment deal comes as institutional investors have full trust in the successful overseas investment experiences and professionalism of Daewoo International," a company official said.

For more.

Also Read

Here are the top 3 common retirement mistakes by Asian investors

Global sukuk market basking in positive long-term growth trends

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit