KED to host alternative investment summit for Korean, global asset managers

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...

SK, KTCU see gains from Chinese startup’s Nasdaq IPO

SK, KTCU see gains from Chinese startup’s Nasdaq IPO

SK Group and the Korean Teachers’ Credit Union (KTCU) may walk away with handsome gains from their joint investment of 360 billion won ($314 mil...

Korean IPOs lose steam as Big Hit shares plummet

Korean IPOs lose steam as Big Hit shares plummet

Big Hit Entertainment Co., the South Korean entertainment agency behind global sensation BTS, saw its shares drop by as much as 22% on Oct.16, the sec...

KIC CEO to step up startup, ESG investments

KIC CEO to step up startup, ESG investments

Korea Investment Corporation (KIC) will step up investment in startups and environmental, social and governance (ESG)-themed investment as it aims to ...

Credit Suisse says Korean stocks remain cheap

Credit Suisse says Korean stocks remain cheap

South Korean bourses may have been Asia’s top performers since global stock markets hit troughs in March, but the country remains Credit Suisse'...

IMM PE seeks to exit Korean power cable maker

IMM PE seeks to exit Korean power cable maker

IMM Private Equity has put a majority stake in South Korea’s Taihan Electric Wire Co. up for sale to exit its investment of close to $300 mill...

KED to host alternative investment summit for Korean, global asset managers

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...

Korean teachers’ fund keen on equities, M&A deals

Korean teachers’ fund keen on equities, M&A deals

The Korean Teachers’ Credit Union (KTCU), a $29 billion savings fund, will increase its exposure to equities markets and M&A financing deals...

Korean mobile game developer buys out German rival

Korean mobile game developer buys out German rival

South Korean mobile game developer Com2uS Corp. has acquired a German gaming rival in its first cross-over buyout, in a move to bolster its sports gam...

Korean teachers' fund pockets sweet returns from US cloud-based platform

Korean teachers' fund pockets sweet returns from US cloud-based platform

The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...

Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund

Korean LPs commit over $94 mn to LaSalle’s $513 mn debt fund

South Korean pension and savings funds, including the Yellow Umbrella Mutual Aid Fund and the Korea Scientists and Engineers Mutual-aid Association (S...

Korean men in pink, disrupting traditional fashion

Korean men in pink, disrupting traditional fashion

Global K-pop sensation BTS made headlines when they all dressed in pink for their "Boy with Luv" music video. The color pink, a so-called feminine c...

Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal

Hyundai Heavy, and five other Korean groups shortlisted for Doosan Infracore deal

Doosan Group has shortlisted six bidders, including Hyundai Heavy Industries Holdings Co., and four local private equity groups, to acquire a controll...

Celltrion founder aims to raise $1 bn for healthcare startup from global funds

Celltrion founder aims to raise $1 bn for healthcare startup from global funds

Seo Jung-jin, founder and chairman of South Korea’s biosimilar maker Celltrion Group, said on Oct. 6 that he is in talks with a number of global...

Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down

Korean brokerage firms sitting on $7 bn in overseas properties yet to sell down

South Korean brokerage firms, having scooped up $20 billion worth of overseas real estate deals over the past three years, are now saddled with $7 bil...

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

Robust SUV sales drive Korean carmakers’ US market share to 9-yr high

South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Felt Coffee introduces minimalism to Korean coffee shops

Felt Coffee introduces minimalism to Korean coffee shops

Two years ago, a new coffee shop appeared in Gwanghwamun, one of the busiest office districts in Seoul, redirecting the daily traffic of businesspeo...

Top Korean travel platform Yanolja to join startups lining up for IPOs

Top Korean travel platform Yanolja to join startups lining up for IPOs

South Korea’s largest travel platform Yanolja is planning to list on the domestic stock market in 2022, paving the way for Singapore’s GIC...

Korean 100-year-old traditional house becomes trendy destination for cafe-goers

Korean 100-year-old traditional house becomes trendy destination for cafe-goers

The life of a building emulates the human experience more than we suspect -- encountering countless number of people, wearing down with age, and event...

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

Korean regulator mulls flat-rate underwriting fees to cool IPO hype

South Korean financial regulators are considering introducing flat-rate underwriting fees for initial public offerings, in a move seen aimed at coolin...

Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn

Korean unicorn Krafton eyes 2021 IPO to raise over $850 mn

South Korean games developer Krafton Inc., 13.2% owned by Tencent Holdings’ investment arm, is seeking to raise over 1 trillion won ($852 millio...

Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...

S. Korean automakers rise despite stronger Korean currency

S. Korean automakers rise despite stronger Korean currency

Shares of Hyundai Motor Co. and Kia Motors Corp. are rising despite the rising trend in the value of the Korean won versus the dollar, which usually w...

Korean won rebounds to pre-pandemic level; more gains seen until US election

Korean won rebounds to pre-pandemic level; more gains seen until US election

The South Korean won leapt to its highest close in eight months against the dollar on Sept. 18, powered by foreign investors’ week-long stock bu...

Korean Air seeks to sell 73-story skyscraper amid financial woes

Korean Air seeks to sell 73-story skyscraper amid financial woes

Korean Air Lines. Co. is reaching out to overseas investors to gauge their interest in acquiring Wilshire Grand Center, a landmark building in Los Ang...

NPS to cease paying management fees for Korean PEF project funds

NPS to cease paying management fees for Korean PEF project funds

The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air to lend $950 mn to US hotel unit for debt repayment

Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...

Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...

Korean pensions sell off net $2.6 bn in domestic equities since August

Korean pensions sell off net $2.6 bn in domestic equities since August

South Korea’s pension funds including the National Pension Service sold off a net 3.12 trillion won ($2.6 billion) worth of domestic equities fr...

S.Korea to elevate science minister to deputy prime minister to lead in AI race Allianz-backed Koh Young’s brain surgery robot set for US debut by end-August Roborock’s privacy policy fuels data leak fears over Chinese goods Sale of $1.5 bn Pangyo Tech 1, overseen by Mirae Asset, draws strong bids from global PEFs Kia to make, sell China-launched EV5 in Korea to keep top spot