KB Investment bulks up VC funds as parent group drives SE Asia expansion

KB Investment bulks up VC funds as parent group drives SE Asia expansion

KB Investment Co., the venture capital arm of South Korea’s KB Financial Group, is raising 100 billion won ($86 million) in a fund to invest in ...

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...

Celltrion group tipped to exceed 1 trillion won in profit; first among bio firms

Celltrion group tipped to exceed 1 trillion won in profit; first among bio firms

South Korea’s Celltrion Inc. and its affiliates are expected to post robust operating profits this year on the back of strong sales of Remsima a...

Teachers' savings fund to invest $85 mn in Amazon logistics center in US

Teachers' savings fund to invest $85 mn in Amazon logistics center in US

The Korean Teachers’ Credit Union (KTCU) will invest 100 billion won ($85 million) in a pre-completed logistics center leased to Amazon.com in D...

Hana Financial to fund Australia solar power project with $146 mn senior debts

Hana Financial to fund Australia solar power project with $146 mn senior debts

Hana Financial Investment Co. Ltd. has secured A$200 million ($146 million) in senior loans to finance A$320 million solar power project in Australia ...

Celltrion rebuts JP Morgan’s heavy downgrade; shares rebound from sharp fall

Celltrion rebuts JP Morgan’s heavy downgrade; shares rebound from sharp fall

South Korea’s Celltrion Inc. on Sept. 10 rebutted J.P. Morgan’s massive downgrade of its target price for the biopharmaceutical company. T...

KB Financial's $186 mn VC fund invests $42 mn in Indian startups

KB Financial's $186 mn VC fund invests $42 mn in Indian startups

KB Financial Group's global venture capital fund, which raised 220 billion won ($185.6 million) last year, has wrapped up its investment of about 50 b...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

Mirae Asset to launch $252 mn Europe infrastructure fund

Mirae Asset to launch $252 mn Europe infrastructure fund

Mirae Asset Global Investments Co. is preparing to launch a 300 billion won ($252 million) vehicle to invest in a European infrastructure fund.Accordi...

Korean retail investors attracted to US growth stocks, now 10th Tesla owners

Korean retail investors attracted to US growth stocks, now 10th Tesla owners

South Korean retail investors, who turn their eyes overseas for higher returns, are heavily buying into US growth stocks amid growing fears of tech st...

Hanwha Life commits $400 mn to KKR’s new Asia buyout fund

Hanwha Life commits $400 mn to KKR’s new Asia buyout fund

Hanwha Life Insurance Co. Ltd., South Korea’s second-biggest life insurer, has committed around $400 million to KKR & Co.’s new Asia b...

NPS commits $100-200 mn to UK PEF's energy fund to bolster ESG portfolio

NPS commits $100-200 mn to UK PEF's energy fund to bolster ESG portfolio

The National Pension Service (NPS) has committed between $100 million and $200 million to an energy and infrastructure fund set up by UK-based private...

Celltrion to co-develop pill-type autoimmune disease drug with UK startup

Celltrion to co-develop pill-type autoimmune disease drug with UK startup

Biosimilar maker Celltrion Inc. has agreed to develop a tablet-type treatment for autoimmune diseases jointly with the UK biotech startup Intract Phar...

Korea’s state pension fund needs split to improve efficiency: National Assembly report

The National Pension Service needs to be split to enhance the efficiency of the South Korean state pension fund’s operations and reduce its heav...

Korea’s money supply sees fastest growth in decade as foreigners return to stock market

Korea’s money supply sees fastest growth in decade as foreigners return to stock market

South Korea’s money supply grew at a quicker pace in June than it has in a decade, as foreign investors, who shunned risky assets just following...

Local activist fund acquires additional 1.48% in Hanjin KAL through successful public tender

Activist fund Korea Corporate Governance Improvement (KCGI) and mid-sized builder Bando Engineering & Construction have succeeded in their pu...

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

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 ...

OECD upgrades Korea’s growth outlook to -0.8%, mildest among member countries

OECD upgrades Korea’s growth outlook to -0.8%, mildest among member countries

South Korea's economy is likely to shrink less than expected this year, thanks to its successful response to the coronavirus pandemic, according to th...

Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen

Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen

South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...

[Updated RFP] Korea Post seeks two global debt fund houses for $170 mn mandate

[Updated RFP] Korea Post seeks two global debt fund houses for $170 mn mandate

(On August 25, Korea Post extended the deadline for submitting proposals for its global debt investment mandate to August 31, 2020 from August 19, 202...

Samsung inches closer to Intel as chip market posts Q2 growth despite pandemic

Samsung inches closer to Intel as chip market posts Q2 growth despite pandemic

Samsung Electronics Co. is seen narrowing its chip business revenue with Intel Corp. as the global semiconductor market continues to grow despite the ...

NPS creates active management team for overseas traditional assets

NPS creates active management team for overseas traditional assets

The National Pension Service will set up teams in its overseas offices to directly handle active investments in traditional assets such as equiti...

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...

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...

Korea’s Aussie property fund seller seeks damages for reimbursement

Korea’s Aussie property fund seller seeks damages for reimbursement

KB Securities Co. Ltd. has claimed damages arising from the alleged breach of contract over an Australian real investment fund after it returned 90.4 ...

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial Group, one of Korea's largest financial holding firms, has reached out to asset management companies that are well-versed ...

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...

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...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race