Samsung shares hit historic high as foreign investors scoop up net $2.3 bn

Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...

Foreign investors shift from growth stocks to net buy $3.5 bn in cyclicals

South Korea's stock market is seeing a shift in buying trends from foreign investors who are increasingly beefing up investments in cyclical stocks wh...

Samsung Engineering wins biggest-ever $3.6 bn deal; shares surge

Samsung Engineering Co., a construction arm of Samsung Group, has clinched a 4.1 trillion won ($3.6 billion) deal to build part of a refinery facility...

KKR’s $3 bn Asia infra fund to raise $200 mn from Korea

South Korean pension funds and insurance companies will commit $200 million in aggregate to KKR’s first Asia infrastructure fund targeting to ra...

LG Electronics launches world’s first roll-up TV

LG Electronics Inc. has unveiled the world’s first roll-up TV in the Korean market as the South Korean consumer electronics giant aims to enhanc...

LG Electronics to launch world’s first roll-up TV in October

LG Electronics Inc. plans to release the world’s first roll-up TV later this month as the South Korean consumer electronics giant aims to enhanc...

LG Electronics expects record Q3 results on brisk home appliance, TV sales

LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...

South Korea's real estate FDI climbs 7.3% in Q2

South Korea's outbound direct investment in real estate continued to grow in the second quarter, up 7.3% year on year, despite sharp falls in the...

Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst

South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

Kakao Games raises whopping $49.3 bn in subscriptions fueling IPO hype

Kakao Games Corp. has set a fresh record raising over 58.6 trillion won ($49.3 billion) in deposits during its two-day public subscription on Sep...

Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake

Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...

Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold

The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...

South Korea’s inflation rate turns higher for first time in 3 months in July

South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...

NPS and Allianz to set up $2.3 bn Asian property fund

The National Pension Service (NPS) is to launch a $2.3 billion property fund with Germany’s Allianz SE to invest in core real estate in Asia, wi...

NH Investment joins in $10.1 bn Abu Dhabi deal for $1.3 bn stake

NH Investment & Securities Co. Ltd. will invest about 1.6 trillion won ($1.3 billion) in Abu Dhabi National Oil Company’s (ADNOC) gas pipeli...

POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio

The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...

KFCC to allocate $6 bn to alternative investment blind funds for next 3 yrs

MG Korean Federation of Community Credit Cooperatives (KFCC) will allocate a total of 7 trillion won ($6 billion) to alternative investment blind-pool...

[Interview] Korea military fund aims to cash in $700 mn bad assets within 3 yrs

The Military Mutual Aid Association (MMAA) will liquidate half of its 1.6 trillion won ($1.4 billion) worth of non-performing assets by early 2021 and...

EQT to raise $70 mn from two Korean funds for $2.3 bn credit fund: report

Swedish private equity firm EQT Partners is gathering €60 million ($70 million) from two South Korean retirement funds and seeking to raise an additio...

Macquarie’s $2.3 bn Europe infra fund raises $405 mn from Korea

Macquarie's new European infrastructure fund, which targets a €2 billion ($2.3 billion) fundraising, has drawn €350 million ($405 million) from South ...

Korea Post’s savings arm targets 2-3% medium-risk assets; keen on CMBS, CLO: report

Korea Post’s Savings Bureau has been shifting overseas investment focus into relatively low-risk assets such as fixed-income assets since last year to...

Korea public officials’ fund sees 3-4 Europe property buys after $101 mn German deal

The Public Officials Benefit Association (POBA) has signed a final agreement to acquire a 10-story office building in the southern part of Hamburg, Ge...

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...

Korea Post put 1 trillion won into offshore property in past 3 yrs

Korea Post has invested a total of 998.6 billion won ($888 million) in overseas commercial buildings since 2013, the vast majority of which involved e...

[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...

Brookfield tipped to buy IFC Seoul for about $3 bn: CIC, NPS may join financing

Asset management firm Brookfield has made a bid “far higher than market expected” to buy a landmark in central Seoul, IFC Seoul, from the ...

Major Korean savings funds cut interest rates on contributions to 3% level from 4%

The Police Mutual Aid Association (PMAA) has become the latest savings fund in South Korea in shaving the interest rate applied to long-term contribut...

KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale

The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., the co...

S.Korea sells $1.3 bn forex bonds at lowest spread

The South Korean government $1.3 billion at the lowest spread...