KIC picks $400 mn global bond managers among firms with Korean subsidiaries

Korea Investment Corporation (KIC) has introduced new requirements to foreign bond managers that they have South Korean subsidiaries which will not be...

Meritz Securities to buy Zalando’s Berlin campus for $215 mn

A consortium of South Korea’s Meritz Securities Co. Ltd. and Capstone Asset Management Co. Ltd. will acquire a new office building of German online re...

KB Securities to launch public fund to buy $224 mn Hawaii hotel from KKR

The brokerage arm of KB Financial Group, a top South Korean banking group, is planning to raise around 60 billion won ($54 million) from individual in...

Korea's POBA in screening overseas PEF managers to commit $300 mn

The Public Officials Benefit Association (POBA) is screening investment proposals from overseas private equity fund managers to entrust a combined $30...

[RFP] Korea Post seeks to invest about $90 mn in offshore insurance-linked securities

Korea Post’s savings unit has decided to commit about 100 billion won ($87 mn) to investment firms managing or marketing offshore insurance-linked sec...

Korea Post plans to select multi-strategy fund of hedge fund managers

Korea Post’s insurance unit is preparing to pick global fund-of-hedge-fund managers using multi-strategy and will soon determine the amount of investm...

[RFP] Korea’s GEPS seeks $160 mn offshore private debt fund managers

South Korea’s Government Employees Pension Service (GEPS) will select two global private debt fund managers employing opportunistic strategies to inve...

[Interview] Hanwha Life targets senior secured debt; sees $1 bn net growth in 2017 alternative asset

Hanwha Life Insurance Co. Ltd., which manages 100 trillion won ($87 billion) of assets, will chase senior secured debts of commercial buildings in dev...

Korean investors mull investing in Ares Management’s $2.5 bn US private debt fund

South Korean institutional investors, including the Korean Scientists and Engineers Mutual-aid Association, Nonghyup Life Insurance Co. Ltd. and Lotte...

KIC, NPS agree not to hire each other’s ex-fund managers: report

Korea Investment Corporation (KIC), a sovereign wealth fund, has agreed with the National Pension Service (NPS) not to employ each other’s former inve...

Meritz Securities drops $500 mn Walmart store acquisition plan after US rate hike

South Korea’s Meritz Securities Co. Ltd. has abandoned plans to acquire about 40 stores of Walmart Stores Inc. in southern states of the U.S. for $500...

NPS puts aside 2017 asset management plans after chief detained

South Korea’s National Pension Service (NPS) has indefinitely postponed a committee meeting set for Dec. 30 aimed at reviewing this year’s investment ...

Korea Post awards $300 mn mandates to 3 private debt managers

Korea Post’s savings arm has awarded offshore private debt mandates worth a combined $300 million to Guggenheim Partners, Park Square Capital and Part...

Korean asset manager set to buy NASA headquarters building for about $350 mn

KTB Asset Management Co. Ltd. has been picked as the preferred buyer of the NASA headquarters building in Washington D.C. on behalf of small-sized Sou...

Korea public officials’ fund picks $40 mn cat bond managers

Three private equity firms – LGT Capital Management, Leadenhall Capital Partners and Nephila Capital – have been chosen as the preferred managers of t...

Apollo secures $72 mn from Korean funds for German property refinancing

Apollo Global Management has attracted 80 billion won ($72 million) from a couple of South Korean pension funds to refinance part of bank loans it had...

[RFP] Korea Post seeks 3 management firms for overseas CLO investment

Korea Post’s savings unit announced a request for proposal on August 17 to select three asset management houses that will be in charge of setting up s...

NPS seeks higher pay raise for in-house fund managers ahead of office relocation

The National Pension Service (NPS) is pushing forward a plan to raise the basic pay for in-house fund management staff by about 9% on average in 2016,...

Top Korean investors to meet UK asset managers in London on July 22

Sang-Hyun Yoo, the new global alternative division head of the National Pension Service (NPS) and senior managers of other top South Korean instit...

KIC sees regulation change to qualify KIC, Korean pension funds managers for CIO job

Korea Investment Corporation (KIC) has recently asked the finance ministry to revise part of regulations governing the sovereign wealth fund in order ...

NPS replaces global alternative head in internal moves of senior managers

The National Pension Service (NPS) appointed its domestic alternative division head, Sang-Hyun Yoo, as the new head of the global alternative division...

BlackRock, Grosvenor picked as NPS’ fund of hedge fund managers

The National Pension Service (NPS) finally selected BlackRock Alternative Advisors and Grosvenor Capital Management on July 11 as the general partners...

[RFP] Korea's govt pension seeks $100 mn offshore mezzanine fund managers

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 6 that it would select two global private debt fund managers f...

[RFP] Korea’s GEPS seeks $170 mn fund of funds managers of global stocks, bonds

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 1 to invite bids for a 100 billion won ($87 million) mandate f...

[Korean Money Going Abroad] Korea insurers up overseas investments, eyeing foreign asset managers

South Korean insurance companies have been raising investments in overseas investments by more than 50% since the start of this year and also consider...

[Editor's Note] Moves: KIC greets new CIO; NPS lets three senior managers go, ahead of office relocation

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund managing $96 billion foreign exchange reserves, has recently named Kang Shin-w...

KIC names former local asset management head as new CIO

Korea Investment Corporation (KIC) has named the former head of Hanwha Asset Management as its new chief investment officer to run the sovereign wealt...

[RFP] Korea Post seeks overseas fixed-income managers for emerging sovereign bond fund

- On June 1, 2016, Korea Post’s insurance asset management bureau posts a request for proposal to invest in dollar-denominated sovereign bonds of emer...

[Editor's Note] Korea Post released four RFPs to select offshore alternative asset managers

Last week Korea Post, with 110 trillion won ($93 billion) of assets under management, announced four requests for proposal (RFPs) to choose general pa...

[Interview] Korea teachers’ fund CIO: interested in equity stake in asset managers’ holding firms

Korea Teachers’ Credit Union (KTCU), which manages 22 trillion won (about $18 billion) of assets, is considering an equity investment in holding compa...