NPS CIO Seo Won-joo
Scope
Date
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Foreign exchange
Korean won at 5-mth high; BOK may not lower interest rate
The South Korean won on Monday touched a five-month high as the central bank may not immediately cut its policy interest rate due to rising property...
Aug 19, 2024 (Gmt+09:00)
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Travel & Leisure
Korean Telco giant KT’s Midas touch with hotel business
KT Corp., one of South Korea’s top three mobile carriers, is on a roll in the hotel business despite its late foray into the hospitality indus...
Aug 16, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Carlyle, Keppel, IMM stay in final race for Ecorbit
Carlyle Group, a union of Hong Kong-based Keppel Corp. and Gaw Capital Partners and a consortium of IMM Investment and IMM Private Equity are the th...
Aug 09, 2024 (Gmt+09:00)
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Earnings
KT posts Q2 profit drops on pay raises, bonus payments
KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reve...
Aug 09, 2024 (Gmt+09:00)
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Real estate
IGIS puts NPS-backed building in Seoul on sale for $294 mn
IGIS Asset Management Co., one of Asia's largest real estate investment firms, is seeking to sell a building backed by South Korea’s National ...
Aug 09, 2024 (Gmt+09:00)
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E-commerce
Coupang posts 1st quarterly loss in two years; revenue soars
Coupang Inc., South Korea's e-commerce behemoth, posted its first quarterly loss in two years after booking the hefty fine imposed in relation to it...
Aug 07, 2024 (Gmt+09:00)
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Earnings
Hybrids, SUVs drive Hyundai Q2 profits to record high
Hyundai Motor Co. posted its strongest quarterly results in the second quarter, with brisk sales of high-margin models such as hybrid cars and sport...
Jul 25, 2024 (Gmt+09:00)
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Pension funds
Korea mulls tripling NPS' advance dollar funding limit
South Korea is considering tripling the maximum amount of dollars the National Pension Service (NPS) can buy from the domestic foreign exchange mark...
Jul 16, 2024 (Gmt+09:00)
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Pension funds
NPS commits $723 mn to MBK, 3 other managers for Korean PEs
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has hired four investment firms – MBK Partne...
Jul 15, 2024 (Gmt+09:00)
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Foreign exchange
Won to soften past 1,400, BOK rate cut likely in Oct: poll
The Korean won is forecast to continue its downward spiral and soften past the 1,400 threshold against the greenback this year, while the Bank of Ko...
Jul 10, 2024 (Gmt+09:00)
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Pension funds
Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2
The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea&...
Jul 10, 2024 (Gmt+09:00)
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Korean stock market
Foreign net buying of S.Korean stocks hits all-time high
Offshore investors net purchased nearly 23 trillion won ($16.7 billion) worth of South Korea-listed stocks in the first half of this year. The buyin...
Jul 08, 2024 (Gmt+09:00)
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Foreign exchange
Korean won hits 15-year low in Q2 amid FX, economic uncertainty
The South Korean currency fell to its lowest level against the US dollar in 15 years in the second quarter amid growing uncertainties surrounding gl...
Jul 07, 2024 (Gmt+09:00)
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Real estate
NPS-backed new prime office building in Seoul struggles with poor demand
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is seeing little demand for a Seoul-based new prim...
Jul 05, 2024 (Gmt+09:00)
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Pension funds
NPS overweight in beauty, food; chases APR, Samwha higher
The National Pension Service (NPS) has raised its bets on South Korean beauty and food companies in the second quarter of this year on expectations ...
Jul 05, 2024 (Gmt+09:00)
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Leadership & Management
AI to drive Mirae Asset's next-phase growth: chairman
Mirae Asset Group is a pioneer in South Korea’s mutual fund industry. It launched the country’s first equity mutual fund in the wake of ...
Jul 03, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung’s biotech duo on a roll with $1.1 bn CMO order
Samsung Group is on track to rise to the top of biosimilar companies in the world and become South Korea’s largest drug maker for contract man...
Jul 03, 2024 (Gmt+09:00)
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Pension funds
NPS to cut global stocks under GP management, up its direct control
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, is set to slash its overseas stocks under global i...
Jul 02, 2024 (Gmt+09:00)
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Pension funds
Korea’s military fund taps ex-president of Woori Financial as CIO
South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...
Jun 28, 2024 (Gmt+09:00)
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Private equity
Korean PE funds shrink in 2023 for first time in 7 years
South Korean private equity investments declined last year for the first time since 2016 due to interest rate hikes, high inflation and the Korean w...
Jun 26, 2024 (Gmt+09:00)
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Korean games
Tencent-backed Shift Up to raise up to $313 mn in IPO
Shift Up Corp., the South Korean game developer behind the global hit game “Goddess of Victory: Nikke,” could raise up to 435 billion wo...
Jun 26, 2024 (Gmt+09:00)
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Pension funds
Korea's NPS CIO talks with GPIF, GIC execs on asset allocation
South Korea’s National Pension Service (NPS) Chief Investment Officer Seo Won-joo has visited Japan and Singapore on his first overseas busine...
Jun 24, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Korean seafood giant Sajo acquires Foodist for $181 million
Sajo Group, a South Korean seafood and fisheries conglomerate, has acquired Foodist Co., a domestic food ingredient and catering service provider, f...
Jun 24, 2024 (Gmt+09:00)
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Foreign exchange
Korea FX authorities, NPS raise currency swap limit to $50 bn
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, said on Friday it has agreed with foreign exchange...
Jun 21, 2024 (Gmt+09:00)
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Asset management
Yellow Umbrella's new CIO to spur alternative investment
The Yellow Umbrella Mutual Aid Fund, a 25.4 trillion won ($18.5 billion) savings arm of South Korean small business owners, has tapped an alternativ...
Jun 06, 2024 (Gmt+09:00)
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Private equity
Korea's KDB widens gap in VC fundraising in H1; NPS to fund in July
The capital commitments of state-run Korea Development Bank (KDB) have widened the gap for South Korean venture capital firms in fundraising over ...
Jun 05, 2024 (Gmt+09:00)
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Corporate bonds
Korea’s non-financial firms rush to issue perpetual bonds
Perpetual bond offerings by non-financial firms in South Korea are poised to hit new records this year as many companies have flocked to the hybrid ...
Jun 05, 2024 (Gmt+09:00)
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Construction
Dongbu Corp exceeds $730 bn in new orders
South Korea's Dongbu Corporation surpassed 1 trillion won ($727 million) in new orders this year by securing a 200 billion won ($145 million) railwa...
Jun 04, 2024 (Gmt+09:00)
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Pension funds
NPS to cut Korean stock allocation to 13% by 2029
South Korea’s National Pension Service (NPS), also the world’s third-largest pension fund, will gradually reduce the proportion of its l...
May 31, 2024 (Gmt+09:00)
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Pension funds
NPS logs 5.8% return in Q1 led by US tech stock rally
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 5.82% investment return for the first quarter ...
May 30, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet