NPS joins in TPG-led $125 mn funding for Kakao Mobility

NPS joins in TPG-led $125 mn funding for Kakao Mobility

The National Pension Service has committed $100 million to a TPG consortium that recently raised $116.8 million to invest in Kakao Mobility Co., Sou...

Korea FoF manager widens offshore VC pool into UAE, Vietnam

Korea FoF manager widens offshore VC pool into UAE, Vietnam

The Korea Venture Investment Corp. (KVIC), a quasi-government agency established to support South Korean startups and venture capital industry, has ...

Madison Capital Funding raises $460 mn from Korea

Madison Capital Funding raises $460 mn from Korea

A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitments from seven So...

Market Kurly raises another $200 mn at a $2 bn valuation

Market Kurly raises another $200 mn at a $2 bn valuation

The valuation of Kurly Inc. has now surpassed 2 trillion won ($1.8 billion).  The operator of South Korea’s online grocery and gourmet fo...

AI chip startup FuriosaAI wraps up $70 mn Series B round

AI chip startup FuriosaAI wraps up $70 mn Series B round

South Korea-based artificial intelligence startup FuriosaAI has recently wrapped up an 80 billion won ($72.1 million) Series B round, attracting inv...

Korean LPs commit over $200 mn to UK real estate fund

Korean LPs commit over $200 mn to UK real estate fund

A UK-focused real estate debt fund, managed by New York-based BentallGreenOak, has received a combined £170 million ($241 million) in commitme...

Vision Fund loss slashes Masayoshi Son’s 2020 salary by 52%

Vision Fund loss slashes Masayoshi Son’s 2020 salary by 52%

SoftBank Group founder and CEO Masayoshi Son’s salary more than halved last year, according to the group’s regulatory filing on May 28.T...

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

NPS, KIC commit $600 mn to N.America logistics fund

NPS, KIC commit $600 mn to N.America logistics fund

The National Pension Service (NPS) and the Korea Investment Corporation (KIC) have committed $600 million in aggregate to GLP Capital Partners' Nort...

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE’s $400 mn rights offering for Ithaca merger to open June 1-2

HYBE Co., the music and entertainment agency behind BTS, on Jun 1-2 will open the subscription for its rights issue shares worth 445.5 billion won (...

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn

Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...

SK Bioscience secures up to $173.4 mn from CEPI for vaccine development

SK Bioscience secures up to $173.4 mn from CEPI for vaccine development

SK Bioscience Co. has secured additional funding for phase III clinical trial of GBP510, its COVID-19 vaccine candidate jointly developed with the I...

KKR's flagship fund attracts $400 mn from NPS, Korea Post

KKR's flagship fund attracts $400 mn from NPS, Korea Post

KKR & Co. has attracted a combined $400 million from the National Pension Service and Korea Post for its latest flagship fund that raised $18.5 ...

Fintech platform Toss seeks $180 mn in fresh funding

Fintech platform Toss seeks $180 mn in fresh funding

South Korean fintech startup Toss is seeking to raise 200 billion won ($177 million) in fresh funding, which would almost treble its valuation to 8 ...

Team Blind secures $37 mn in Series C round; eyes Nasdaq listing

Team Blind secures $37 mn in Series C round; eyes Nasdaq listing

Teamblind Inc., the operator of Blind, an anonymous social platform for discussion on workplace issues, has successfully concluded its $37 million S...

SkyLabs wraps up $20 mn Series B round; eyes 2022 listing

SkyLabs wraps up $20 mn Series B round; eyes 2022 listing

South Korea-based healthcare startup SkyLabs has wrapped up its 22.5 billion won ($20 million) Series B round, with plans to focus on beefing up its...

Military Mutual picks ex-Lotte Non-Life CIO as investment chief

Military Mutual picks ex-Lotte Non-Life CIO as investment chief

The Military Mutual Aid Association (MMAA), an $11 billion savings fund for South Korean military officers and personnel, said on Monday it has name...

Korean pension funds eye non-core global real estate

Korean pension funds eye non-core global real estate

South Korea's Government Employees Pension Service (GEPS), Public Officials Benefit Association (POBA) and Military Mutual Aid Association (MMAA) ar...

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...

Character IP startup Studio Origin wraps up $4 mn Series A round

Character IP startup Studio Origin wraps up $4 mn Series A round

South Korea-based character entertainment startup Studio Origin Corp. has successfully concluded a 5 billion won ($4.4 million) Series A round, the ...

LG Chem to invest $134 mn in incubator fund for firms with ESG tech

LG Chem to invest $134 mn in incubator fund for firms with ESG tech

LG Chem Ltd., South Korea’s leading chemical and battery maker, said on Tuesday it is investing 150 billion won ($134 million) in an incubator...

Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn

Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn

South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startu...

Ad tech firm Moloco joins unicorn club via Series C round

Ad tech firm Moloco joins unicorn club via Series C round

Moloco Inc., a data-driven advertising solutions firm, has concluded its Series C funding round, rendering the company a newcomer to the unicorn clu...

Ex-police fund CIO picked to lead Yellow Umbrella Mutual

Ex-police fund CIO picked to lead Yellow Umbrella Mutual

Lee Do-yoon, a former chief investment officer of South Korea's Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella M...

Freelancer market platform Kmong raises near $28mn in Series C round

Freelancer market platform Kmong raises near $28mn in Series C round

South-Korea based freelancer market platform Kmong Inc. has successfully attracted 31.2 billion won ($27.8 million) in its latest Series C funding, ...

Laundry service Wash Swat wraps up $16 mn Series B round

Laundry service Wash Swat wraps up $16 mn Series B round

South Korea-based laundry service startup Wash Swat Inc. has secured 17.5 billion won ($16 million) in Series B round funding, bringing the company'...

LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which...

Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai

Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai

South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...

Templeton to pull out of Korean retail fund market

Templeton to pull out of Korean retail fund market

Franklin Templeton Investments' South Korean arm is in talks with a domestic asset management company to sell its retail operations, following Black...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot