Korea's signature sauce gochujang goes global, riding on K-wave

South Korea’s food exports have surged on the back of Korean dramas, more popularly known as K-dramas, gaining global popularity particularly in...

South Korea, The Oracle of Global Trends

Back in early 2004, my friend and I met with Bill Gurley and Mark Evans from Benchmark Capital, who were visiting Seoul from Silicon Valley to gat...

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...

Korea Does Matter: Why KED decided to go global

Korea Does Matter. This was one of many candidates for the name of our new global media outlet. Although we ended up going with our existing brand ...

Celltrion founder aims to raise $1 bn for healthcare startup from global funds

Seo Jung-jin, founder and chairman of South Korea’s biosimilar maker Celltrion Group, said on Oct. 6 that he is in talks with a number of global...

Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds

The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, has entrusted two Korean asset managers ...

Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off

Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...

Korea rises as production hub for coronavirus treatments; darling of global pharmas

South Korea is emerging as a global production base for coronavirus vaccines and medicine thanks to its comprehensive production facilities alongside ...

Teachers' savings fund to invest $85 mn in Amazon logistics center in US

The Korean Teachers’ Credit Union (KTCU) will invest 100 billion won ($85 million) in a pre-completed logistics center leased to Amazon.com in D...

KOTAM to raise $800 million for global infrastructure credit investment

Korea Transportation Asset Management (KOTAM) is set to raise $800 million in a global infrastructure credit fund, which US-based I Squared Capital (I...

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...

KTCU bumps up global PE investment by 90% since end-2018

The Korean Teachers’ Credit Union (KTCU) has pushed up overseas private equity investments by 90% to 1.9 trillion won ($1.6 billion) over the pa...

NPS adds six global alternative investment managers in Q2

The National Pension Service has added three real estate investment firms, two infrastructure managers and one private equity and debt investment hous...

Korean battery makers take charge in global EV market outperforming rivals

South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...

Global alternatives boost KTCU’s H1 investment returns

Alternative investments became the best-performing asset class for the Korean Teachers’ Credit Union (KTCU) in the first half of this year, retu...

Corporate bankruptcy filings hit all-time high in Korea amid global pandemic

Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...

[RFP] POBA seeks two global fixed-income managers for $350 mn mandate

South Korea's Public Officials Benefit Association (POBA) plans to allocate a combined $350 million to two global fixed-income investment companies, i...

Global partnership pushes Hanwha into final round of Aussie armored vehicle deal

Hanwha Defense Co. has reached the final stretch in a race to win Australia’s 5-trillion won (US$4.2 billion) project to buy new infantry fighti...

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...

Korean shipyards retake global top spot in July with pricey LNG vessels

South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...

Tiger Alternative near closing $247 mn Home Depot logistics center deal: report

Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

[Updated RFP] Korea Post seeks two global debt fund houses for $170 mn mandate

(On August 25, Korea Post extended the deadline for submitting proposals for its global debt investment mandate to August 31, 2020 from August 19, 202...

NPS to add 200 global investment staff to cut fees, emulating CPPIB

The National Pension Service plans to carry out about a fivefold increase in overseas staffing by 2024 which will help to reduce external management f...

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Why Korean online giants Kakao and Naver soar amid global pandemic

Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...

Korea’s IPO market gains steam amid global pandemic

SK Biopharmaceuticals Co. Ltd. made a strong market debut on the Korea Exchange, as the country's IPO market has been gaining steam with newly listed ...

Hyundai, Hankook Tire may rebuild relations with new test-driving center

Hyundai Motor Group has reached a tentative agreement to build the country’s biggest test-driving center at a new tire testing facility of Hanko...