LG Display to power all offices with 100% renewable energy

LG Display Co., a major South Korean display panel maker, said on Monday it is shifting to 100% renewable energy to power all its business offices i...

Krafton aims to become global content provider with $3.7 bn IPO

South Korean game developer Krafton Inc. dreams of growing into global content provider with an up to $3.7 billion fund to be raised from an initial...

Korean funds weigh overseas real estate exits in H2

Domestic office buildings and logistics centers dominated South Korean institutions' property transactions in the first half of this year, with fier...

Naver says it's constructing world’s first robot-friendly building

The world’s first “robot-friendly” building will complete construction in the second half of this year by South Korea’s tech...

KIC aims to boost alternatives to 25% by 2027

The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...

Hyundai, Kia outrival Japanese carmakers in India, other emerging markets

India, one of the world’s fastest-growing auto markets, has for decades been dominated by Japan’s Suzuki Motor Corp., which runs Maruti ...

FastFive secures near $30 mn; pushes to become office solutions provider

South Korea's co-working space provider FastFive Co. announced on June 11 that it has raised 30 billion won ($27 million) from seven investors, brin...

Korea’s corporate HQ buildings are becoming clean power generators

ESG is one of the most frequently mentioned keywords in South Korea today. It stands for environmental, social and corporate governance, the three...

How India is becoming 'heaven' for Korean startups

India is becoming an attractive destination for South Korean startups that are eyeing overseas expansion, given the country's vast population and di...

NPS, KIC commit $600 mn to N.America logistics fund

The National Pension Service (NPS) and the Korea Investment Corporation (KIC) have committed $600 million in aggregate to GLP Capital Partners' Nort...

Metaverse makes digital nomads the new norm

It’s been about four months since Lee Seul, a manager at real estate app Zigbang, worked from the company office in Gangnam, one of South Kore...

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

Downtown Seoul office building prices rise to record high

Office building prices in downtown Seoul set a fresh record high this month, with the highest price of one pyeong, or 3.3 square meters, surpassing ...

Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award

Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...

KIC appoints career bureaucrat as new CEO

Jin Seoungho, an ex-senior finance ministry official in South Korea, will take office as Korea Investment Corporation's (KIC) new chief executive on...

KIC says still premature to invest in cryptocurrencies

The Korea Investment Corp. (KIC) is keeping an eye on cryptocurrencies as some famed hedge fund managers began investing in the virtual asset, but i...

JR AMC buys $140 mn stake in NY office building

South Korea's JR AMC Co. has signed a $140 million agreement to buy a 49.9% stake in a New York office building from JPMorgan Asset Management. Once...

Korean investors in renewed push for global property deals

South Korea's IGIS Asset Management Co. and Hana Financial Investment Co. have acquired a 49% stake in the headquarters of the US mortgage lender Fa...

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...

KIC opens San Francisco office to boost VC deals

The Korea Investment Corporation (KIC) officially opened its San Francisco office on Mar. 26, as part of its efforts to improve deal sourcing and in...

KIC, Hyundai Heavy to co-invest $900 mn in growth firms

The sovereign wealth fund Korea Investment Corporation (KIC) will make co-investments worth up to 1 trillion won ($900 million) alongside the Hyunda...

KIC, Korean pension funds in hunt for new C-level execs

South Korea's Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth f...

KIC names new private equity, absolute return heads

The Korea Investment Corporation (KIC) has named new heads of its private equity and absolute return groups this week, following the replacement of ...

Blackstone to open Seoul office for improved communication

The Blackstone Group is working to set up a Seoul office, seven years after the US investment firm closed it down, in response to growing calls from...

KIC sees pre-pandemic level economic recovery as early as H2

A senior investment manager of the Korea Investment Corporation (KIC) said on Thursday that the global economy may return to pre-pandemic levels lat...

Orion boosts presence in India's $15 bn confectionery market

South Korea-based confectionery Orion Corp. has set up a plant in India, the second-most populous country in the world, to respond quickly to local ...

Korean banks fund alternative deals with $540 mn loans via KIC

South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...

Hana Alternative acquires US office building for $201 mn

South Korea’s Hana Alternative Assets Management Co. has acquired an office building in Charlotte, North Carolina, for $201 million. Wells Far...

KIC earns 60% of its cumulative gains in last two years

Korea Investment Corporation (KIC) earned a combined $42 million in gains between 2019 and 2020, representing 60% of its cumulative earnings since i...

Seoul office building transactions at record high in 2020

Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...