Korean PE IGIS unwillingly drops residential project amid political pressure

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

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

[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

[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

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

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

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

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...

Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection

Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection

 Korean fashion and beauty business Shinsegae International Co., Ltd has acquired a 100% stake in Swiss Perfection, a high-end cosmetics brand ba...

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

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

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

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...

Korean Air to sell in-flight business to Hahn & Company for about $840 mn

Korean Air to sell in-flight business to Hahn & Company for about $840 mn

Korean Air Lines Co. Ltd. has tentatively agreed to sell its in-flight duty free and meal service units to the country's second-largest private equity...

Baring PE Asia poised to sell Korean parcel delivery firm for $250 mn

Baring PE Asia poised to sell Korean parcel delivery firm for $250 mn

Baring Private Equity Asia is in the final stages of talks with a South Korean private equity firm to sell the country’s No. 4 parcel delivery c...

KKR tipped to buy Korean waste treatment firms for $713 mn

KKR tipped to buy Korean waste treatment firms for $713 mn

KKR & Co. has been named as preferred buyer of two South Korean companies providing industrial and medical waste treatment services in a deal wort...

Keppel Infrastructure and MBK join bid for Korean sewage treatment firm

Keppel Infrastructure and MBK join bid for Korean sewage treatment firm

Singapore’s Keppel Infrastructure and MBK Partners are among 15-odd preliminary bidders for South Korea’s largest wastewater treatment com...

South Korean investors to put $580 mn in TALF fund

South Korean investors to put $580 mn in TALF fund

Hyundai Investments Co. Ltd. has collected $580 million from South Korean institutional investors to invest in a fund that buys securities with borrow...

KKR eyeing South Korean waste disposal firm valued at $645 mn

KKR eyeing South Korean waste disposal firm valued at $645 mn

KKR & Co. is preparing to join the race for a South Korean industrial and medical waste treatment company valued at about 800 billion won ($645 mi...

Korean public employees’ pension to take more FX risk from alternatives

Korean public employees’ pension to take more FX risk from alternatives

The Government Employees Pension Service (GEPS) plans to abandon its principle of hedging currency exposure from investing in overseas alternatives, a...

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales

Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales

Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...

Foreign investors’ holding of South Korean bonds at record high of $115 bn

Foreign investors’ holding of South Korean bonds at record high of $115 bn

Foreign investors continued to buy South Korean bonds such as treasuries and monetary stabilization bonds for a fourth consecutive month in April, wit...

US hedge fund calls on Korean Air to sell baggage handling unit

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

Bain Capital to invest $123 mn in South Korean online education startup

Bain Capital to invest $123 mn in South Korean online education startup

ST Unitas, known for English test and civil service exam preparation classes in South Korea, will receive around 150 billion won ($123 million) in inv...

Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline

Korean developer puts on hold $2.1 bn Asiana Airlines deal with no timeline

HDC Hyundai Development Co. has postponed its 2.5 trillion won ($2.1 billion) acquisition of Asiana Airlines Inc. with no clear timeline for the deal ...

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...

Canada and Dutch pension funds to launch $1 bn Korean logistics JV with ESR

Canada and Dutch pension funds to launch $1 bn Korean logistics JV with ESR

Canada Pension Plan Investment Board (CPP Investments), the Netherlands’ APG and China’s logistics property developer ESR have agreed to s...

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential Financial Inc. has decided to sell its South Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion) and will ...

Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal Is chip winter over? Doomsayers gone as Korea’s DRAM exports surge S.Korea to have 1st civilian defense minister in decades, tap career technocrats Fubon Bank expands Korea presence into banking