Korea’s POBA to invest $109 mn in Koramco’s office REIT

Korea’s POBA to invest $109 mn in Koramco’s office REIT

South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...

NPS-backed new prime office building in Seoul struggles with poor demand

NPS-backed new prime office building in Seoul struggles with poor demand

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...

Young rich Koreans: Financially literate, self-directing

Young rich Koreans: Financially literate, self-directing

Young South Korean millionaires want to take more control of their investments and bet on sectors they know, not relying passively on private banker...

SK Square to ramp up chip investment with new CEO

SK Square to ramp up chip investment with new CEO

South Korea’s No. 2 conglomerate SK Group said on Thursday that its investment arm SK Square Co., led by new CEO Han Myung-jin, will ramp ...

Doosan Tesna to invest $160 mn in chip testing plant in Korea

Doosan Tesna to invest $160 mn in chip testing plant in Korea

South Korea’s Doosan Tesna Inc. will build a semiconductor testing factory in the country with an investment of 220.6 billion won ($159.7 mill...

Korea slaps Credit Suisse with largest ever short-sale penalty

Korea slaps Credit Suisse with largest ever short-sale penalty

South Korea's financial regulator said on Wednesday it has officially imposed Credit Suisse Group AG and its affiliate a combined 27.2 billion won...

DN Solutions to build plant, R&D center in India

DN Solutions to build plant, R&D center in India

DN Solutions, the world's third-largest and South Korea's top machine tool manufacturer, said on Tuesday that it will establish a new plant and rese...

KB Securities downgrades LIG Nex1's investment opinion

KB Securities downgrades LIG Nex1's investment opinion

KB Securities Co. on Tuesday raised the target price for LIG Nex1 Co. from 195,000 won ($140.4) to 200,000 won amidst a recent significant rise in...

SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, led by SK Hynix, to invest $77 billion in AI, chips

SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...

Korean banks to cut corporate loans for profitability

Korean banks to cut corporate loans for profitability

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy halts Arizona battery plant building on weak EV sector

LG Energy Solution Ltd., the world’s third-largest electric vehicle (EV) cell maker, has suspended construction of a plant in Arizona for batt...

Lotte Chemical's rating outlook cut on worsening financials

Lotte Chemical's rating outlook cut on worsening financials

South Korea’s No. 2 petrochemicals maker Lotte Chemical Corp. has taken a hit from a lowered credit-rating outlook of the company and its majo...

Woori Financial, Natixis to manage global private equity fund

Woori Financial, Natixis to manage global private equity fund

South Korea's Woori Bank and Woori PE Asset Management announced on Thursday that they have signed a "strategic business agreement for creating a ...

SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn

SK Bioscience to buy German vaccine maker IDT Biologika for $244 mn

South Korea’s vaccine developer SK Bioscience Co. will acquire a controlling stake in the world’s top 10 vaccine firm IDT Biologika GmbH...

Samsung seeks $3.6 billion in loans from KDB for chip investment

Samsung seeks $3.6 billion in loans from KDB for chip investment

South Korean tech giant Samsung Electronics Co. seeks to borrow as much as 5 trillion won ($3.6 billion) from the state-run Korea Development Bank t...

Korean PE funds shrink in 2023 for first time in 7 years

Korean PE funds shrink in 2023 for first time in 7 years

South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...

Mirae Asset's US dividend premium fund surpasses $72 mn in net assets

Mirae Asset's US dividend premium fund surpasses $72 mn in net assets

South Korea's Mirae Asset Global Investments Co. announced on Tuesday that the net assets of its Mirae Asset US Dividend Premium Fund, which invests...

HiteJinro invests in table order service startup

HiteJinro invests in table order service startup

HiteJinro Co., South Korea’s largest soju maker, announced on Monday that it invested in a stake in the table order service startup TMR Founde...

Korea FX authorities, NPS raise currency swap limit to $50 bn

Korea FX authorities, NPS raise currency swap limit to $50 bn

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...

SK asks KDB for further funding before drastic restructuring

SK asks KDB for further funding before drastic restructuring

SK Group, South Korea’s second-largest business group in terms of total assets, has asked the country’s state-run Korea Development Bank...

Affirma Capital seeks to sell entire stake in both SeAH FS, S&G Holdings

Affirma Capital seeks to sell entire stake in both SeAH FS, S&G Holdings

Affirma Capital, a Singapore-based buyout private equity firm, is seeking to sell its entire stake in both South Korean steel tube maker SeAH FS and...

Value in the middle market: Smaller size means greater potential

Value in the middle market: Smaller size means greater potential

Middle market direct lending can mean different things to different lenders and investors. Many, if not most, would agree that companies with over $...

POSCO seeks additional lithium deals from Argentina, Chile

POSCO seeks additional lithium deals from Argentina, Chile

POSCO Holdings Inc., the parent of South Korea’s top steelmaker POSCO, aims to clinch additional deals from Argentina and Chile to secure lith...

S.Korea’s Woori to team up with US Nuveen to enhance IB part

S.Korea’s Woori to team up with US Nuveen to enhance IB part

Woori Bank and Woori Asset Management, subsidiaries of South Korea's Woori Financial Group, announced on Sunday that they signed a memorandum of u...

BNK Capital opens microfinance organization in Uzbekistan

BNK Capital opens microfinance organization in Uzbekistan

South Korea’s BNK Capital announced on Friday that it established a microfinance organization in Uzbekistan the previous day.Since entering Ca...

SK Telecom invests $10 mn in Perplexity

SK Telecom invests $10 mn in Perplexity

South Korea's SK Telecom Co. announced on Thursday that it invested $10 million in Perplexity, the US-based generative artificial intelligence (AI) ...

MBK drops out of Air Premia’s Asiana cargo unit takeover bid

 MBK drops out of Air Premia’s Asiana cargo unit takeover bid

Asian private equity firm MBK Partners has dropped out of a plan to back 300 billion won ($217.9 million) for South Korean budget airline Air Premia...

Kookmin to revive Indonesian banking arm through digitalization

Kookmin to revive Indonesian banking arm through digitalization

KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter of this year, weighe...

LG Innotek begins supplying AI chip substrates to Big Tech

LG Innotek begins supplying AI chip substrates to Big Tech

LG Innotek Co., a leading South Korean electronics parts maker, is for the first time supplying high-performance chip substrates for AI devices to g...

Q Capital named K-drama maker Chorokbaem's preferred bidder

Q Capital named K-drama maker Chorokbaem's preferred bidder

Seoul-based private equity firm Q Capital Partners seeks to buy a 39.3% stake with management rights in South Korean drama series producer Chorokbae...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale