Veteran Korean real estate investor sees growth in Seoul office building market

Veteran Korean real estate investor sees growth in Seoul office building market

Low foreign ownership, swelling assets at South Korean institutional investors and small office space per worker all point to growth potential for...

[Interview] NongHyup Life eyes hedge fund, private equity secondary investments

[Interview] NongHyup Life eyes hedge fund, private equity secondary investments

NongHyup Life Insurance Co. Ltd., a unit of South Korea’s agricultural cooperative, will commit an additional 700 billion won ($620 mn) to overseas al...

Korean banks flex muscles for alternative assets; Kookmin, Shinhan may invest in KKR’s fund

South Korea’s Kookmin Bank and Shinhan Bank are consdering investing 30 billion won ($26 million) each to a private equity buyout fund which KKR &...

[Interview] Hyundai Marine sees one or two more buyout fund investments in 2017

[Interview] Hyundai Marine sees one or two more buyout fund investments in 2017

Hyundai Marine & Fire Insurance Co. Ltd., South Korea’s second-largest non-life insurer by assets, is considering investing in one or two addition...

Korean firms to buy stake in UK gas business for $356 mn in secondary investment

Hanwha Life Insurance Co Ltd., Hyundai Marine & Fire Insurance Co. Ltd. and other South Korean institutional investors will jointly acquire a 4.7%...

[Interview] Mirae Asset Life eyes US power plants, buildings to boost overseas investment

[Interview] Mirae Asset Life eyes US power plants, buildings to boost overseas investment

(This is the first in a series of interviews with CIOs of South Korea’s leading insurance companies in 2017.) Mirae Asset Life Insurance Co. Ltd., ...

[Exclusive]NPS invests $300 mn in TeamHealth as co-investor with Blackstone

[Exclusive]NPS invests $300 mn in TeamHealth as co-investor with Blackstone

South Korea’s National Pension Service (NPS) has agreed to buy a 10% stake in TeamHealth Holdings Inc. for about $300 million, in a joint investment i...

Mirae Asset poised to buy office building in Canberra for $245 mn

Mirae Asset poised to buy office building in Canberra for $245 mn

South Korea’s Mirae Asset Global Investments Co. Ltd. has been picked as the preferred buyer of a 12-story office building in Canberra, which is entir...

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

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...

Korea to ease rules on insurers’ currency hedging of offshore investment

Korea to ease rules on insurers’ currency hedging of offshore investment

South Korea will loosen regulations in relation to the currency hedging of insurance companies’ cross-border investments, which have been blamed to in...

Korean institutions to invest $600 mn in two US gas power plants

Korean institutions to invest $600 mn in two US gas power plants

The recently-closed financing for two US natural gas-fired power plants under construction have attracted a group of South Korean institutional invest...

NPS to empower overseas offices to speed up cross-border deals

The National Pension Service (NPS) has announced a plan to give its foreign offices more authority so that they can propose investment ideas directly ...

Samsung’s property fund reaps $84 mn profit from sale of London office building

Samsung’s property fund reaps $84 mn profit from sale of London office building

A real estate fund of South Korea’s Samsung SRA Asset Management Co. Ltd. has secured 100 billion won ($84 million) in capital gains from the sale of ...

Korea Teachers’ Pension to invest $75 mn in buying Australia’s office building

South Korea’s Teachers’ Pension will acquire an office building in Brisbane, Australia which the Brisbane city government has signed a con...

Blackstone in $1 bn mezzanine debt fundraising; Korean govt officials’ fund to invest $50 mn   

Blackstone Group has attracted New York State Teachers’ Retirement System (NYSTRS), US insurer MIRAS and a South Korean government employees’ fund to ...

Hyundai Marine to be anchor investor of Allianz’s new Berlin office tower: report

Hyundai Marine to be anchor investor of Allianz’s new Berlin office tower: report

South Korea’s Hyundai Marine & Fire Insurance Co. Ltd. will commit around 60 billion won and 70 billion won ($50~58 million) to a domestic real es...

Korea Investment-led firms to buy EU parliament building for $224 mn

Korea Investment-led firms to buy EU parliament building for $224 mn

A consortium of Korea Investment & Securities Co. Ltd. and Hana Asset Management Co. Ltd. are tapping domestic institutional investors to acquire ...

Korea’s JB Asset to buy Comcast’s new office building in Denver for $72 mn

Korea’s JB Asset to buy Comcast’s new office building in Denver for $72 mn

JB Asset Management Co. Ltd., a unit of a South Korean provincial bank, has been named as a preferred buyer of a new office building in Denver which C...

Korean insurers to acquire L’Oréal’s office building near Paris for $500 mn

Korean insurers to acquire L’Oréal’s office building near Paris for $500 mn

South Korea’s Vestas Investment Management Co. Ltd. was selected as a preferred buyer of an office building of L’Oréal near Paris late last month, and...

NPS promotes domestic alternative head to lead investment strategy

NPS promotes domestic alternative head to lead investment strategy

South Korea’s National Pension Service (NPS) appointed Soo-Cheol Lee, who leads domestic alternative investments, as the new head of the pension fund’...

Korean insurers invest $100 mn in Google-leased Silicon Valley building

Korean insurers invest $100 mn in Google-leased Silicon Valley building

South Korean insurance firms have invested about 120 billion won ($100 million) in senior loans secured by an office tower in Silicon Valley leased to...

Korea military fund mulls investing in PDF, NPL fund in 2017: report

The Military Mutual Aid Association (MMAA), South Korea’s $8 billion savings fund, is studying investing in offshore private debt funds (PDFs) and non...

Korea teachers’ fund to invest $52 mn in Europe bank loans-buying fund

Korea teachers’ fund to invest $52 mn in Europe bank loans-buying fund

Korean Teachers’ Credit Union (KTCU) has decided to commit €50 million ($52.4 million) to a $1.5 billion~$2 billion fund which will take over senior s...

NPS fund division's 2nd in command offers to quit; tapped as NH Investment’s PE head

NPS fund division's 2nd in command offers to quit; tapped as NH Investment’s PE head

The National Pension Service’s (NPS) investment strategy head, Young-Sig Yang, has recently tendered a resignation and was appointed as the private eq...

KTB, Korea Investment launch $85 mn aircraft fund to buy Airbus A330

KTB, Korea Investment launch $85 mn aircraft fund to buy Airbus A330

Two South Korean brokerage companies - KTB Investment & Securities Co. Ltd. and Korea Investment & Securities Co. Ltd. – set up a $85 million ...

Korean funds, NH insurers to invest $215 mn in mezzanine debt of Google NY building

Two South Korean savings funds are set to invest 100 billion won ($85 million) in junior mezzanine debt secured by a Manhattan office building leased ...

Korean asset firm underwrites $61.5 mn mezzanine loan of LA office building

Korean asset firm underwrites $61.5 mn mezzanine loan of LA office building

A South Korean handbag maker’s fund management unit has invested $61.5 million in mezzanine debt of a prime office building in Los Angeles, jointly wi...

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

PGIM Inc. a unit of U.S. Prudential Financial Inc., will acquire an office building in central Seoul for 184 billion won ($157 million) from a South K...

KIC, Korean fund to invest $130 mn in US hotels-backed mezzanine debt: report

Korea Investment Corporation (KIC) and the country's Local Finance Association will invest a total of 153 billion won ($130 million) in U.S. mezzanine...

Korean asset firm raises $79 mn to invest in Blackstone-owned Las Vegas hotel

Korean asset firm raises $79 mn to invest in Blackstone-owned Las Vegas hotel

A small-sized South Korean asset management firm, Hyundai Investments Co. Ltd., has raised a real estate fund to invest 93 billion won ($79 million) i...

S.Korea to overhaul retirement pension system, introduce competition for higher returns POSCO sells Chinese stainless steel JV to Chinese rival for $300 mn Hahn & Co. to award bonus shares to Namyang staff, retires $7.1 mn shares   Seoul vows zero-tolerance measures against unfair stock trading K-style strikes back to win over China’s Gen Z with Musinsa at helm