Dongwon Industries becomes new holding firm of seafood conglomerate
Dongwon Group, South Korea’s leading seafood and logistics conglomerate, will undergo corporate restructuring with Dongwon Industries Co. emer...
KT to build media value chain with $4.1 bn content sales by 2025
KT Corp., a major South Korean telecommunications company, on Thursday unveiled an ambitious goal to become the country’s leading media and co...
S.Korea to scrap ambitious 2050 renewable energy target
South Korea’s incoming government will scrap the country’s ambitious goals of expanding renewable energy sources to 70% of the electrici...
CJ ENM sets up production studio focused on OTT content
South Korea’s entertainment giant CJ ENM Co. established a studio specializing in content for over-the-top (OTT) platforms at home and abroad ...
Mirae Asset Global REIT to raise $371 mn for US warehouses
Mirae Asset Global Real Estate Investment Trust Co., a South Korean listed REIT under Mirae Asset Global Investments Co., is set to raise around 450...
Lessons learned from activist fund’s KAL exit
Activist fund Korea Corporate Governance Improvement Fund (KCGI) recently exited its investment in Hanjin KAL Co., the parent company of Korean Air ...
KTCU, CalSTRS to launch $505 mn JV for US warehouses
Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and The California State Teachers' Retireme...
Samsung Asset Mgmt. buys 20% stake in US ETF sponsor Amplify
South Korea’s Samsung Asset Management Co. invested in a US exchange-traded fund sponsor to expand its global presence in the market.Samsung s...
SK Bioscience seeks multi-billion-dollar M&As, eyes gene therapy sector
SK Bioscience Co., the biopharmaceutical unit of South Korea’s SK Group, is seeking multi-billion-dollar mergers and acquisitions to expand it...
Daewoo E&C jointly creates $400 mn fund for overseas M&As
Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equity firm IMM Investme...
Samsung, Hyundai amass record-high levels of cash
Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...
Samsung, LG, SK step up push into blockchain market
Top South Korean conglomerates such as Samsung, LG and SK are stepping up efforts to build a presence in the blockchain and crypto-asset markets, a ...
Korea's new asset managers survive with competitive edge
Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
ETFs entice Korean investors amid volatile market
South Korean retail investors bought more exchange-traded funds (ETFs) than stocks on the country’s main Kospi in the last six months as the b...
AI startup Twelve Labs secures $5 million in seed round
South Korean startup Twelve Labs announced Sunday it secured $5 million in a seed round from Index Ventures.On its website, the venture capital firm...
SK Geo Centric invests $55 mn in US plastic waste recycling firm
South Korea’s SK Geo Centric Co. invested $55 million in US plastic waste recycling company PureCycle Technologies Inc. in a move to transform...
Billionaire Kakao chairman Brian Kim resigns
Kakao Corp. founder and chairman Brian Kim said on Monday that he will step down from the tech giant’s board of directors, following a series ...
POSCO, Hancock to restart multi-billion-dollar Hardey iron ore project
South Korea’s top steelmaker POSCO and Hancock Prospecting Pty Ltd, a leading Australian mining firm, have agreed to restart a long-dormant ir...
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Bank of Wine: High-end wine investment in the form of digital assets
South Korea is the world’s second-most attractive wine market, outranked by only the United States, according to London-based consumer researc...
Korean LPs name their 36 favorite alternative asset managers
KKR was chosen as the best private equity firm by South Korean institutional investors, a survey shows. Blackstone, Macquarie Asset Management and Are...
Shares in Nexon, two listed arms rise on M&A hopes
The unexpected death of Nexon founder Kim Jung-ju stoked market speculation about a possible change in its ownership structure and top management, s...
NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4
National Pension Service (NPS) of South Korea said on Feb. 28 it hired Allspring Global Investments LLC, BlackRock Inc. and Morgan Stanley Investm...
LG AI Research: Foundation of group’s long-term future
Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
Hanwha Defense secures land for K9 howitzer production in Australia
Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...
88% of Korean LPs want speedy capital deployment
Asset managers' track record and risk management are the most important factors for South Korean major limited partners when considering new partnersh...
AI translation service Iyuno SDI chair expects continued surge in demand
“As demand for over-the-top (OTT) services grows, so will the bid for companies that provide translated subtitles in multiple languages,&rdq...
92% of Korean LPs won't increase real estate exposure
Institutional investors of South Korea aim to increase their alternative assets, focusing on expanding private debt, according to a recent survey of...
