VC firm DSC Investment forms Korea's largest secondary fund
South Korean asset manager DSC Investment has formed the country’s largest-ever fund for venture capital secondaries to explore opportunities ...
UAE to invest up to $1 bn in S.Korean ventures
The United Arab Emirates is set to invest a maximum of $1 billion in South Korean startups via a joint venture, as a part of its mid- to long-term p...
Blackpink label YG to sell drama production unit
K-pop sensation Blackpink’s label YG Entertainment Inc. is slated to sell 60% of its drama production subsidiary Studioplex later this year, t...
Samsung Life Science invests in US biotech firm Latus Bio
Samsung Life Science Fund, managed by Samsung Group’s venture investment arm, has invested in US biotechnology firm Latus Bio Inc. during the ...
NPS to hike risky asset purchases under simplified allocation system
The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under whi...
NPS to commit $1.1 billion to external managers in 2024
South Korea’s National Pension Service (NPS) will select domestic general partners (GPs) to manage about 1.5 trillion won ($1.1 billion) worth...
Samsung launches Galaxy C55 5G in China
Samsung Electronics Co. has launched the Galaxy C55 5G, a budget-friendly smartphone series designed specifically for the Chinese market, marking th...
NPS loses $1.2 bn in local stocks in Q1 on weak battery shares
South Korea’s National Pension Service (NPS), the world's third-largest pension fund, lost 1.66 trillion won ($1.2 billion) in domestic stock ...
Daesung PE tops Korean venture funds by return in 2018-2023
Daesung Private Equity Inc. in South Korea has become the top local venture capital manager in terms of realized capital gain between 2018 and 2023,...
Korea's AI startup Upstage raises $72 mn for global expansion
Upstage, South Korea’s artificial intelligence startup, raised about 100 billion won ($72 million) in its latest funding round, which the comp...
NPS' former key players move to law firms as its voting power increases
South Korea’s National Pension Service (NPS) is seeing more and more of its former senior managers moving to top-tier domestic law firms. Ther...
LG’s $5.5 billion LFP, ESS battery plants in Arizona to kick off in 2026
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Thursday its 7.2 trillion won ($5.5 billion) battery complex in Ari...
Sandy Floor gets seed round from Kakao Ventures
South Korea’s casual multiplayer game developer Sandy Floor Games announced on Wednesday that it got a seed round investment from Kakao Ventur...
Blight of failing e-commerce startups in South Korea
Linkshops, once touted as a future unicorn candidate in South Korea, declared bankruptcy last month even after garnering 15.4 billion won ($11.4 mil...
Korea's Military Mutual Aid Association starts search for new CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...
AhnLab to form joint venture with Saudi SITE
AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...
Shareholder activism in Korea swells 9 times since 2019
The number of South Korean firms targeted by activist funds has risen by nearly nine times over the past five years, the largest increase among majo...
SM Entertainment founder invests $5.2 million in Mindlogic
K-pop pioneer SM Entertainment Co.'s founder and former Chief Producer Lee Soo-man is expected to invest up to 10 billion won ($7.5 million) in Mind...
JB investors urged to oppose Align's call for board overhaul
Global proxy advisors International Shareholder Services Inc. (ISS) and Glass Lewis & Co. have expressed their opinion that there is no need for...
NPS to vote in favor of KT&G CEO candidate Bang
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is slated to vote in favor of the KT&G Corp. b...
Samsung Electronics collects $4.3 bn in dividends from display unit
Samsung Electronics Co., the world’s largest memory chipmaker, is slated to receive about 5.64 trillion won ($4.3 billion) worth of dividends ...
LG injects $97 mn into Vista Equity’s fund for new tech investments
LG Group, South Korea’s fourth-largest conglomerate, injected $97 million into a fund run by Vista Equity Partners Management LLC for investme...
Samsung invests in BrickBio in US
Samsung Group announced on Tuesday that its Life Science Fund has invested in the US-based antibody-drug conjugates (ADC) and gene therapy technol...
Korea eyes $1.5 bn injection in KDB to boost chip, battery sectors
South Korea may inject some 2 trillion won ($1.5 billion) into Korea Development Bank (KDB) by the end of this month to support the state-run bank's...
Samsung C&T defeats activist funds in proxy battle
Activist funds arm in arm to demand higher dividends from Samsung C&T Corp. got defeated in a proxy fight against the de facto holding firm of S...
DGB Financial launches overseas asset management
South Korea's DGB Financial Group announced on Thursday that it opened its first overseas subsidiary Hi Asset Management Asia (HiAMA) in Singapore.H...
ISS backs Kumho Petrochem in family feud-triggered proxy war
Proxy advisory firm International Shareholder Services (ISS) has expressed its support for all of Kumho Petrochemical Co.'s proposals up for vote ...
Foreign venture funding for Korean startups picks up
South Korean startups raising funds from overseas venture capital firms nearly doubled in the first two months of this year from a year ago, heighte...
Woori Financial to sponsor MLB Seoul Series
South Korea's Woori Financial Group announced on Tuesday that it will be an official sponsor of the US Major League Baseball World Tour Seoul Series...
Palliser Capital backs proxy fight with Samsung C&T
Palliser Capital, a London-based hedge fund, said on Sunday it will vote in favor of other activist shareholders’ proposals for Samsung C&...
