Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO

A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...

Korean investors face $270 mn loss on Las Vegas hotel loans

South Korean investors in the Drew Las Vegas development project are at higher risk of losing their investment of 300 billion won ($271 million) in ...

MBK Foundation awards scholarships to 14 Korean students

South Korea-based MBK Partners has selected 14 Korean students who are starting their first semester of college next month as this year's recipients...

Korea Post names new CIOs of savings, insurance arms

Korea Post has appointed new chief investments officers of both its savings and insurance units, in an internal reshuffle of senior managers at the ...

Korean banks fund alternative deals with $540 mn loans via KIC

South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...

Korean pension funds on over 1-month Kospi selling streak

The National Pension Service and other South Korean pension funds have offloaded a net 9.9 trillion won ($8.9 billion) worth of shares on the countr...

Hana Alternative acquires US office building for $201 mn

South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...

KIC earns 60% of its cumulative gains in last two years

Korea Investment Corporation (KIC) earned a combined $42 million in gains between 2019 and 2020, representing 60% of its cumulative earnings since i...

JR AMC tipped to buy Amazon logistics center in Ohio

South Korea’s JR AMC Co. has been named the preferred buyer of Amazon’s last-mile logistics center in central Ohio, for which the Seoul-...

US data centers-backed REIT seeks $90 mn Korean IPO in 2021

A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...

NPS’ nagging concerns: talent shortage, slow alternative asset growth

With an aim to bolster its alternative portfolio, the National Pension Service has taken bold new steps over the past few years, including launching...

Seoul office building transactions at record high in 2020

Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...

NPS to invest in Silver Lake’s $20 bn tech fund

The National Pension Service has decided to invest in a $20 billion technology fund that Silicon Valley-based Silver Lake Partners recently closed, ...

Korean LPs pick their 44 favorite alternative managers

Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...

Meritz Alternative commits $150 mn to US multifamily fund

South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...

Keppel looking to exit two Seoul office towers for over $200 mn

Singapore-based Keppel Investment Management is preparing to sell two office buildings in Seoul, less than two years after it acquired them for arou...

KKR’s Asia real estate fund draws around $400 mn from Korea

South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate f...

NPS divides global securities division into equity, fixed income

The National Pension Service has divided up its global public market division into Global Equity and Global Fixed Income divisions as part of a plan...

Silicon Valley-based PnP sets sights on Korean smart city ventures

Plug and Play (PnP), a Silicon Valley-based startup accelerator, will team up with the city of Seoul to invest in South Korean venture firms with sm...

KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea

The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...

NPS commits $450 mn to Stonepeak, Macquarie infra funds

The National Pension Service has committed a total of $450 million to two North America-focused funds launched by Stonepeak Infrastructure Partners ...

NPS boosts holdings in parts, materials, leisure stocks

The National Pension Service has raised exposure to parts, materials and leisure stocks in South Korea that had underperformed the broader markets, ...

Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate

The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...

CPPIB owns one-quarter of Korea’s listed logistics REIT

The Canada Pension Plan Investment Board (CPPIB) has emerged as the top shareholder in South Korea’s only listed logistics real estate inves...

Brokerage firms see losses on $7 bn overseas alternatives

South Korea’s 22 brokerage firms have classified a combined 7.5 trillion won ($6.9 billion), or 15.7%, of their cumulative overseas alternat...

Hana Financial acquires $740 mn Seattle office tower

Hana Financial Investment has acquired a 95% stake in a 38-story downtown Seattle office tower for $740 million from Skanska AB, a Swiss-based m...

KIC replaces alternative investment strategy, PE heads

Korea Investment Corporation has appointed new heads of alternative investment strategy and private equity in a senior management reshuffle carried ...

NPS mandates Russell to invest $1 bn in listed real estate

The National Pension Service has mandated Russell Investments to invest $1 billion in listed real estate companies or real estate investment trusts ...

Two US firms win $200 mn Korea Post infrastructure mandate

Argo Infrastructure Partners and Stonepeak Infrastructure Partners were chosen as Korea Post’s new overseas infrastructure investment managers...