Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

NPS' new chairman Kim Tae-hyun to start 3-year term

South Korea’s National Pension Service (NPS) is set for its new Chairman Kim Tae-hyun, a former CEO of state-run Korea Deposit Insurance Corp....

South Korean government slashes fund of funds budget by 40% on-year

The South Korean government is facing a backlash from the startup and venture capital sectors after slashing next year’s fund of funds budget....

KKR, Anchor Equity tipped to exit from TMON in 7 yrs

KKR & Co. and Anchor Equity Partners have tentatively agreed to sell their majority stake in South Korea’s e-commerce player TMON Inc. to ...

SK Group reworks 'financial story' action plans

Chief executives of South Korea’s No. 2 conglomerate SK Group are overhauling their action plans to implement the “financial story&rdquo...

Korea's NPS commits to Blackstone's ESG credit platform

The National Pension Service (NPS) of South Korea, has committed capital to Blackstone Credit’s Sustainable Resources Platform to enhance the ...

SoftBank-backed Tridge becomes South Korea’s first agriculture unicorn 

South Korea’s agriculture and food trading platform Tridge Co. announced Thursday that it raised 50 billion won ($37.4 million) from DS Asset ...

Hyundai Motor Group to invest in fabless startup BOS Semiconductors 

Hyundai Motor Group announced on Wednesday that it will invest in Seongnam-based fabless startup BOS Semiconductors, which designs system-on-chip (S...

Seoul advises Mirae to cut leverage for $3 bn IFC deal

South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...

Activist fund steps up pressure for SM Ent's governance reform

Align Partners Capital Management, a South Korean activist fund, has threatened legal action against entertainment behemoth SM Entertainment Co., re...

Samsung Biologics, Samsung C&T extends investment in US biotech firms

The Life Science Fund, jointly launched by Samsung Biologics and Samsung C&T Corp., announced Wednesday it invested $15 million in US biotech fi...

Carlyle tops NPS' favorite PE managers as of end-2021

The Carlyle Group was the most preferred fund manager hired by South Korea’s National Pension Service (NPS) as of end-2021, according to NPS&r...

European direct lending offers investment edge: Permira

The direct lending market is garnering investor attention as it has performed well during periods of market volatility. As banks are cautious to t...

Korea's small PE firms putting fundraising plans off to 2023

South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...

Megazone Cloud receives $343 mn from MBK, IMM PE in Series C funding

Megazone Cloud Corp., South Korea’s largest managed cloud service provider (MSP), has completed its Series C funding round with a combined 450...

Korea's Vestas launches second $231 mn European warehouse fund

South Korea’s Vestas Investment Management Co. has created a 300 billion won ($231.2 million) blind pool fund for Europe-based logistics cente...

US private equity giant Apollo making inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...

US private equity giant Apollo to make inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...

KIC taps investment strategy head Lee Hoon as CIO

Korea Investment Corporation (KIC) is set to appoint Lee Hoon, the senior managing director and head of the investment strategy & innovation d...

Startup CEOs suffer depression, anxiety: survey

About one-third of South Korean startups' chief executives are more prone to stress and depression than general adults, with funding constraints and...

Fashion platform Brandi eyes unicorn status with $51 mn funding round

South Korean fashion e-commerce platform Brandi Inc. has embarked on a 67 billion won ($51 million) funding round, hoping for around 800 billion w...

Naver's Kream buys stake in Malaysian resale platform

Kream, the resale platform of South Korea’s online portal Naver Corp., has agreed to buy a stake in Malaysia’s biggest sneaker resale co...

KB Asset aims for first IPO of Korea's homegrown infrastructure fund

South Korea’s KB Asset Management Co. is set to list its Balhae Infrastructure Fund (Balhae) on the country’s main bourse Kospi in the s...

Affirma’s bolt-on M&A strategy shines in S.Korea

Affirma Capital is a small player in South Korea’s private equity market, but its successful bolt-on strategy helps the mid-cap-focused invest...

KB to raise $150 mn India, SE Asia-focused VC fund

KB Investment Co., a venture capital arm of KB Financial Group, is seeking to raise more than 200 billion won ($150 million) in its second global fu...

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...

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...