SK Hynix joins in $60 mn funding for US chip design startup SiFive

SK Hynix Inc. has recently participated in a $60 million funding for the US semiconductor startup SiFive, SK Hynix said on August 12.Saudi Aramco and ...

Korean shipyards retake global top spot in July with pricey LNG vessels

South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...

Korean telecom giant KT to issue $400 mn dollar bond in August

South Korea’s telecom giant KT Corp. plans to raise $400 million by issuing a dollar-denominated bond around the end of August, according to inv...

Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits

Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...

Goldman, Keppel Infrastructure, SK Eng vying for top Korean waste disposal firm

South Korea’s largest waste treatment company EMC Holdings Co. Ltd. has drawn binding bids from Goldman Sachs Principal Investment Area (PIA) Gr...

Korean dramas push cultural content exports beyond $10 billion

Korean dramas are becoming a worldwide phenomenon as they rise steadily to become one of Korea's major exports - even in countries that harb...

TPG, online portal Naver eyeing Korean drama producer’s pre-IPO share sale

The US private equity firm TPG Capital and South Korea’s top Internet portal Naver Corp. have participated in preliminary bidding for a pre-IPO ...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

NH Investment beats Korean rival in a bold bet on $400 mn Aussie-NZ infra portfolio

A consortium led by NH Investment & Securities Co. Ltd. has been named as a preferred buyer for infrastructure assets worth $400 million in Austra...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

Korean stocks end at highest level in 2 years as ants load up

South Korean shares rallied for a second consecutive session on Wednesday, ending at the highest level in nearly two years, as individual investors sn...

Korean game platform seeks $323 mn IPO in non-contact business boom

Kakao Games Corp., a unit of South Korea’s top mobile messaging app operator, is seeking to raise up to 384 billion won ($323 million) from an i...

Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers

The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...

Why Korean won lacks luster, despite dollar’s weak trend

The South Korean won has been stuck in a range between 1,190 and 1,210 to the US dollar in the past two months, down 3% since the start of the year, d...

Korean travel platform My Real Trip raises $36 million amid sluggish travel industry

My Real Trip, Korea’s leading online travel platform, has received 43.2 billion won ($36 million) in funding from domestic and overseas investor...

Korean investors jointly set up a $770 million SPC to invest in KKR funds

Local institutional investors have injected $500 million (600 billion won) into a special purpose company to invest in diverse funds managed by privat...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

Korean PE IGIS unwillingly drops residential project amid political pressure

Korea-based IGIS Asset Management has announced plans to drop its renovation project of an 11-story apartment, an unwilling decision triggered by...

US insurer Cigna to put Korean life insurance arm up for sale

The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...

Local activist fund announces tender offer for 1.2 million warrants in Korean Air's parent company

A Korean activist fund that failed to oust Hanjin KAL's current management during a shareholder meeting in March is trying to increase its stake ...

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...

[Survey] Korean investors upbeat on infrastructure, aircraft leasing in 2017

Major South Korean pension funds and insurers are planning to expand offshore infrastructure portfolios next year, and zooming in on aircraft finance ...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...

Korean pension funds relax due diligence to restart alternative investment

South Korean pension schemes and sovereign wealth fund KIC have recently restarted overseas alternative investments that had been suspended due to the...

Korean household credit risk nears record-high

Korea's household credit risk hit the second-highest record for the upcoming third quarter, driven by impacts of the global pandemic wh...

CVC diversifies Korean funding sources beyond NPS and KIC

CVC Capital Partners has raised more than $175 million from three South Korean pension plans for its record $24 billion buyout fund, diversifying fund...

Carlyle raises $600 mn for infra credit fund with top Korean banking groups

The Carlyle Group has raised $600 million for an infrastructure credit fund in South Korea jointly with two domestic financial services firms to lend ...

Why Korean online giants Kakao and Naver soar amid global pandemic

Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...

Korean investors quickest to jump into new TALF fund: EMP Belstar

South Korean institutional investors have become the world's first group of investors in a fund related to the Federal Reserve's new Term Asset-B...