NPS buys Australian building for $900 mn to diversify investment

South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...

KIC aims to boost alternatives to 25% by 2027

The Korea Investment Corporation (KIC) will gradually increase alternative investments such as venture capital, private equity and debt, and infrast...

SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...

Korean corporate bonds suffer from cooling investor sentiment

South Korean corporate bond markets are set to suffer from shrinking liquidity as institutional investors are turning cautious and refraining from m...

Naver expands ties with CJ Group into OTT platform

South Korea's Naver Corp. has agreed to buy 40 billion won ($35 million) worth of new shares in the domestic over-the-top (OTT) services provider TV...

POBA CIO advises against traditional asset mix, definition

Rapid technological change that is blurring the lines between industries has altered the definition of asset classes, forcing investment managers to...

Korea’s pharma consortium to develop mRNA vaccines by 2022

South Korea will develop its own messenger ribonucleic acid (mRNA) vaccines by next year with plans to annually manufacture 100 million doses from 2...

HYBE's No.3 investor exits from BTS label in block deal

Seoul-based STIC Investments, the third-largest shareholder in South Korea's HYBE Co., sold its remaining shares in the label behind BTS, in a block...

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life Insurance Co. has drawn attention from South Korean pension and savings funds with its $90 million purchase last month of a stake in Sa...

Taiwan’s Fubon Life raises stake in Korean unit via $405 mn rights offer

Fubon Life Insurance Co., a unit of Taiwan’s Fubon Financial Holding Co., has raised its stake in a Korean joint venture with Hyundai Motor Gr...

Cigna seeks to enter Korea's digital non-life insurance market

The US insurance group Cigna looks set to become the first foreign insurer on South Korea's digital non-life insurance platform, with an aim to crac...

Hyundai Motor, Grab deepen partnership for EV adoption in Southeast Asia

South Korea’s Hyundai Motor Group and Grab Holdings Inc. have agreed to strengthen their partnership in mobility services to accelerate the ad...

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

DB HiTek in quandary over foundry ramp-up amid chip supercycle

DB HiTek Co., one of South Korea’s leading foundry chipmakers, is enjoying the current market boom, which is forcing makers of cars and electr...

POBA eyes life science buildings, student housing in Europe via SMA

South Korea's Public Officials Benefit Association (POBA) is targeting life science buildings, last-mile distribution centers and student housing fa...

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...

Naver's Line makes remote working the new norm; who will be next?

South Korea-based Line Plus Corp. is set to become the country's first large business group to allow employees to work from home permanently. T...

Singapore emerges as new financial hub for S.Korean banks

South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...

Hyundai Mobis unveils new grille technology for EVs

South Korea’s largest auto parts maker Hyundai Mobis announced on June 17 that it has developed a new grille technology that allows drivers to...

Harrison Street taps Korean LPs for $1.5 bn life science property fund

The Korean Teachers' Credit Union has committed $100 million to Harrison Street Real Estate Capital's new flagship fund that is aiming to raise $1.5...

PigUp targets MZ consumers with new meat culture

South Korea's island of Jeju is famous for its native citrus and pork. It's also where Shin Woo-sup, the founder of startup studio Futurera, came up...

POBA commits over $200 mn to Europe-focused real estate SMA

South Korea's Public Officials Benefit Association (POBA) has committed 270 billion won ($240 million) to a separately managed account (SMA) focusin...

Samsung’s new 5G multi-chip combines DRAM, NAND into one package

Samsung Electronics Co. has unveiled a new multi-chip that integrates high-performance DRAM and NAND flash memory chips into a single compact packag...

Govt pension fund to ease due diligence to revive global deals

South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...

Korean firms split into new units for fair valuation amid uncertainty

The blurring of industry boundaries and increasing new opportunities in the pandemic era are driving major Korean companies to split businesses into...

IMM Investment eyes $900 mn infrastructure fund launch

IMM Investment Corp., a South Korean alternative investment firm, is planning to raise 1 trillion won ($900 million) for its new infrastructure fund...

Blackstone-invested handbag maker Simone applies for IPO review

South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...

Toss Bank to compete with K Bank, Kakao Bank from September

Toss Bank in September will enter the race of internet-only banks in South Korea as the third player, competing against K Bank and Kakao Bank. Toss ...

LG unveils fresh-faced logo designs to firm up brand storytelling

South Korea-based electronics giant LG has revealed new designs of its logo, "Face of the Future," in a move to upgrade its brand storytelling. On J...

SKT to spin off; 5-for-1 stock split in November

South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...