Bank CEOs in Korea pick big tech as top 2021 challenge

Bank CEOs in Korea pick big tech as top 2021 challenge

Chief executives of banks operating in South Korea have picked the emergence of big technology companies and fintech startups in the credit market a...

KIC CEO to meet GIC, Temasek execs during Singapore trip

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...

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Insurance Group for a $5.8 billion deal to buy 1...

Korean teachers' fund names ex-education minister as CEO

Korean teachers' fund names ex-education minister as CEO

South Korea’s Ministry of Education has chosen Kim Sang-gon, formerly deputy prime minister and education minister, as the new chief executive f...

KIC CEO Choi Heenam named S.Korea’s financial ambassador

KIC CEO Choi Heenam named S.Korea’s financial ambassador

South Korea’s Ministry of Foreign Affairs has appointed Choi Heenam, chief executive of the Korea Investment Corporation (KIC), as the country's...

SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO

SK Hynix’s $9 bn Intel NAND deal ‘not overvalued’: CEO

SK Hynix Inc.’s $9 billion deal to acquire Intel Corp.’s NAND memory chip business is not overvalued as the price tag reflects the US firm...

Why Samsung has the highest-paid CEOs

Why Samsung has the highest-paid CEOs

This is the second in a four-part series that will delve into Chairman Lee Kun-hee’s New Management initiative that charted Samsung's course in ...

KIC CEO to step up startup, ESG investments

KIC CEO to step up startup, ESG investments

Korea Investment Corporation (KIC) will step up investment in startups and environmental, social and governance (ESG)-themed investment as it aims to ...

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’...

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...

Kim Yong-jin officially appointed as NPS’ new CEO, likely to drive decision over CIO status

Kim Yong-jin officially appointed as NPS’ new CEO, likely to drive decision over CIO status

Kim Yong-jin, the former second vice finance minister of President Moon Jae-in’s government between mid-2017 and 2018, has been chosen as the Na...

Updated: Kakao Games to shore up M&A with IPO proceeds – CEO

Updated: Kakao Games to shore up M&A with IPO proceeds – CEO

Kakao Games Corp. will use proceeds from the initial public offering to carry out active M&A among game sectors, said Namkoong-whon, the company's...

Carlyle names co-CEO Kew Lee as sole CEO

Kewsong Lee, co-chief executive officer of the Carlyle Group, has been appointed as the US private equity group’s chief executive officer after ...

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...

Teachers’ Pension names ex-education ministry official as CEO

Teachers’ Pension names ex-education ministry official as CEO

The Teachers’ Pension has named former senior education ministry official Myung-hyun Ju as its chief executive officer for a three-year term sta...

Mirae Asset says on track to close $5.8 bn US hotels deal

Mirae Asset says on track to close $5.8 bn US hotels deal

Mirae Asset Global Investments Co. Ltd. remains on track to close a $5.8 billion acquisition of 15 US luxury hotels from China’s Anbang Insuranc...

Three Korean pension fund CEOs quit to run in general election

Three Korean pension fund CEOs quit to run in general election

About halfway through their three-year terms, chief executives of National Pension Service (NPS), Korean Teachers’ Credit Union (KTUC) and Publi...

Hana Fin, Hotel Lotte buy Seattle hotel for $175 mn

Hana Fin, Hotel Lotte buy Seattle hotel for $175 mn

Hana Financial Investment Co. Ltd. and Hotel Lotte Co. Ltd. have acquired the hotel portion of a 44-story building in downtown Seattle for $175 millio...

Hana Fin underwrites $145 mn loan on stalled NY hotel project

Hana Fin underwrites $145 mn loan on stalled NY hotel project

Hana Financial Investment Co. Ltd. has underwritten a luxury hotel development in New York with a $145 million loan, saving the project from bankruptc...

Hana Alternative sees near 8% IRR on $30 mn US hotel loan

Hana Alternative sees near 8% IRR on $30 mn US hotel loan

Hana Alternative Assets Management Co. Ltd. has provided a senior loan of $30 million on InterContinental Houston – Medical Center, in a five-ye...

Shinhan provides $100 mn mezzanine loan on Brookfield’s US hotel

Shinhan provides $100 mn mezzanine loan on Brookfield’s US hotel

Shinhan Investment Corp. has provided a $100 million mezzanine loan on Brookfield’s resort hotel in Florida which recently secured $560 million ...

Mirae Asset in exclusive talks to buy Anbang’s US hotels

Mirae Asset Financial Group has entered into exclusive negotiations to acquire a portfolio of 15 US luxury hotels owned by Anbang Insurance Group, val...

PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn

PAG likely to buy Hyatt hotel in Seoul and nearby land for $400 mn

Hong Kong-based investment firm PAG has been named a preferred buyer of Grand Hyatt Seoul and its nearby residential land which are valued at abou...

CVC to buy Korea’s No.2 hotel booking app in $300 mn deal

CVC to buy Korea’s No.2 hotel booking app in $300 mn deal

CVC Capital Partners is set to buy a controlling stake in South Korea’s No. 2 accommodation booking app operator and in separate talks with minority s...

Mirae Asset, NH Investment lend $182 mn on LA hotel, condos

Mirae Asset, NH Investment lend $182 mn on LA hotel, condos

Mirae Asset Daewoo Co. Ltd. and NH Investment & Securities Co. Ltd. have provided $182 million loans on a luxury hotel and condominium development...

KTCU, Meritz Fire invest $100 mn in debt of US hotel-focused REIT

KTCU, Meritz Fire invest $100 mn in debt of US hotel-focused REIT

The Korean Teachers’ Credit Union (KTCU) and Meritz Fire & Marine Insurance Co. Ltd. have invested $100 million in a mezzanine loan secured by 92 ...

Three Korean brokerages lend $330 mn on US hotels, resort

Three Korean brokerages lend $330 mn on US hotels, resort

Meritz Securities Co. Ltd. has extended a senior loan of $229 million on two new hotels in Nashville, which marked the third biggest construction loan...

Hana Alternative appoints ex-NPS investment head as CEO

Hana Alternative Assets Management Co. Ltd., part of a top South Korean banking group, has appointed Hee-seok Kim, a former global investment head...

Ascendas buys $69 mn Seoul hotel from KTCU-backed fund

Ascendas buys $69 mn Seoul hotel from KTCU-backed fund

Singapore’s Ascendas Hospitality Trust has acquired a hotel in downtown Seoul for 77.5 billion won ($69 million) from a South Korean real estate fund ...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan