NPS sees 14 investment managers resign by end-June
National Pension Service (NPS) of South Korea sees as many as 14 professionals of its investment management arm resign by end-June of this year, acc...
Korean PE firms' 2021 funds bet on parts makers, dividend stock
IMM Investment Co. and STIC Investments Co., the two most active South Korean private equity firms in 2021 fundraising, made bets on a dividend-focu...
Hansol Paper joins Series A funding for RIU worth $1.5 mn
Hansol Paper Co. announced Thursday that it participated as a strategic investor in a Series A funding worth 2 billion won ($1.5 million) for South ...
Blockchain game developer Planetarium Labs raises $32 mn
Planetarium Labs raised $32 million in a Series A funding round, led by Animoca Brands, and joined by Samsung Next, WeMade, and Krust Universe.The s...
SD Biosensor, SJL Partners to acquire Meridian Bioscience for $1.53 bn
SD Biosensor Inc., the world's largest COVID-19 test kit seller, and private equity firm SJL Partners LLC are jointly acquiring Meridian Bioscience ...
Korean retirement funds, mutual aids struggle with profitability
Some major retirement funds in South Korea are raising interest rates on their members’ savings accounts in line with global central banks&rsq...
Korea hydrogen council launches $382 mn fund
The Korea H2 Business Summit, a business council established by South Korea’s leading conglomerates to invest in the hydrogen industry, launch...
Samsung Elec's Q2 earnings signal end of upward run
Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months before, reversing its ...
Korea faces risk from record $114 bn in inventory assets
South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...
Lotte Chemical, Bain Capital among bidders for Korea’s Iljin Materials
The much-touted sale of a controlling stake in Iljin Materials Co., a leading South Korean battery materials maker, is flagging as big spenders are ...
Military fund to raise payouts with interest rate increases
South Korea’s Military Mutual Aid Association (MMAA) has decided to raise the interest rates of the members’ savings products by 25 to 4...
S.Korea ushers in new space era with rocket launch success
GOHEUNG, South Korea -- South Korea opened a new space era as it succeeded in the launch of a homegrown space rocket carrying payloads to become the...
More LPs tap ex-Samsung Life professionals as CIOs
A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...
Axiom Space invites Koreans to $500 million space hotel fundraising
Axiom Space Inc., which is developing the world’s first commercial space station, is seeking to raise $500 million from South Korean investors...
Hyundai to end hatchback coupe Veloster as Kona, Avante N favored
South Korea’s top automaker Hyundai Motor Co. will discontinue the production of its hatchback coupe Veloster to focus on the more popular hig...
SK Gas to sell Istanbul tunnel stake to Qatari fund for $111 mn
SK Gas Ltd., South Korea’s leading liquefied petroleum gas (LPG) supplier, is poised to sell its stake in an operator of the Eurasia Tunnel in...
Hanwha invests $115 mn in urban air mobility firm Overair
South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a Califo...
Korea webtoon startup Kenaz acquired by hedge fund
South Korea’s leading webtoon production startup Kenaz was taken over by a domestic hedge fund as it aims to reduce dependence on major platfo...
Korean truck drivers end strike as govt agrees to extend wage guarantee
South Korea’s unionized truck drivers have decided to end their eight-day strike after the government agreed to extend minimum wage guarantees...
Korean bio firms flock to US as SV Invest eyes $100 million bio fund
SV Investment, a South Korean venture capital and private equity firm, is looking to launch a $100 million bio fund in the US as a growing number of...
Korean LPs join Antares Capital’s $3.5 bn credit fund
A few key institutional investors in South Korea are set to commit up to $300 million to a $3.5 billion private credit fund by US private debt man...
LG Group to invest $119 million into 300 startups through 2025
LG Group announced Thursday it will invest 150 billion won ($119 million) into 300 startups through 2025.The conglomerate hosted Superstart Brand ...
Startup tapped to lead S.Korea’s autonomous car security project
South Korea has embarked on a public-private project to bolster communication security for autonomous driving, for which a domestic startup will pla...
It's time to bet on high-yield bond funds: Barings
High-yield bonds generally create greater yields than other funds, but low-quality bonds are vulnerable to economic downturns and the firms’ c...
South Korean startups raise record-high Series A funding
South Korea's early stage startups raised a record amount of funding in the last 12 months.Even though venture capital firms at home and abroad are ...
Hyundai Engineering, USNC to build micro reactor in Canada
Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, and Ultra Safe Nuclear Corp. (USNC)...
Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C
Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....
Startup ministry taps 60 future unicorns for $240,000 assistance
The Ministry of SMEs and Startups announced Wednesday it has selected 60 promising startups to which it will provide financial assistance and expert...
Hyundai Motor Group to launch $80 mn startup fund
Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...
KTCU posts $141 mn return via landmark office exit
The sale of South Korea’s landmark office Alpharium Tower has been completed for 1.02 trillion won ($827.3 million), marking a record-high pri...
