GIC, PEFs face further delays to Kyobo exit after ruling

Singapore’s GIC, Canada's Ontario Teacher's Pension Plan (OTPP) and private equity firms, including Affinity Equity Partners, may need to endu...

Office tower near Seoul up for sale for about $900 mn

Alpharium Tower, a landmark office tower in Pangyo Techno Valley near Seoul, will be put on the market later this year, which is expected to fetch t...

GIC set to buy stake in Starbucks Korea for $700 mn

Singapore's sovereign wealth fund GIC Private Ltd. is set to sign an agreement next week to buy a 30% stake in Starbucks Korea from the coffeehouse ...

Morai's virtual testing solution reduces testing period for self-driving cars

A self-driving car needs to pass all sorts of tests before setting off for the open road. It needs to experience different types of roads, terrain f...

Singapore emerges as new financial hub for S.Korean banks

South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...

Coupang changes leadership roles to expand global business

Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...

Mirae, Naver set for hefty profit from Didi Chuxing IPO

The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected to generate as much as 200 bil...

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

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...

HiteJinro to export Terra beer to Hong Kong, Singapore, US

South Korea’s record-breaking Terra beer will begin exports to Hong Kong this month, and to Singapore and the United States from the latter ha...

Coupang to start first overseas operation in Singapore

South Korea’s e-commerce giant Coupang Corp. is moving forward with its global expansion plans by entering the Singapore market. The New York ...

SK Bioscience attracts NPS, GIC in successful bookbuilding

South Korea-based SK Bioscience Co. has successfully concluded the bookbuilding for its initial public offering, attracting institutional investors ...

NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower

The National Pension Service and Germany’s Allianz SE are in negotiations  to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...

KIC CEO to meet GIC, Temasek execs during Singapore trip

Korea Investment Corporation (KIC) Chief Executive Choi Heenam will make his first overseas business trip in 11 months to visit Singapore this month...

Hyundai Motor, SP Group to expand EV battery business in Singapore

Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...

Hyundai Motor begins Singapore innovation lab construction

Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...

Singapore's ride-sharing giant Grab raises $200 mn from STIC Investments

Grab Holdings Inc., a Singapore-based technology company, has raised $200 million from South Korean private equity firm STIC Investments Inc., the fir...

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

Goldman, GIC, Sequoia to exit from Korean food delivery app in $4 bn deal

Goldman Sachs, Singapore’s GIC and Sequoia Capital are among the financial investors set to secure handsome returns from a combined 506 billion ...

CVC-Brookfield-GIC consortium sole bidder for Korea’s ADT Caps

A consortium of CVC Capital Partners, Brookfield Asset Management and Singapore’s GIC was the sole bidder for South Korea’s No.2 security services fir...

Brookfield, GIC join CVC-led group in final bidding for Korea’s ADT Caps

CVC Capital Partners has formed a consortium with Brookfield Asset Management and Singapore’s sovereign wealth fund GIC to make a final bid for South ...

GIC, M&G Real Estate in $400 mn bid for POBA-owned Korean building

Singapore’s GIC and M&G Real Estate of London-based Prudential Plc. are in the bidding for a new office building in South Korea, wholly owned by t...

KIC to open Singapore office to boost Asian alternative investment

Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia...

KTB Investment raises $82 mn aircraft fund for lease to Singapore Airlines

KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion wo...

GIC, NPS invest $136 mn each in Korea’s retail complex near Seoul

The Government of Singapore Investment Corporation (GIC) and the National Pension Service (NPS) have bought equity stakes in a fund launched to buy a ...