Kakao Games makes a splash; raising over $13.5 bn in public subscription deposits

Kakao Games Corp. has raised over a staggering 16 trillion won ($13.5 billion) in deposits during the first day of its public subscription on Septembe...

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...

Merger reviews hit record high in H1 with 424 cases worth $125.5 bn

The number of merger reviews has hit a record high in Korea for the first half of the year, with 424 filings made to the Korea Fair Trade Commission (...

Lotte Corp to include ESG bonds in $126.5 mn corporate bond offering in September

Lotte Corporation is set to become the first South Korean holding company to issue environmental, social, and governance (ESG) bonds, according to inv...

Samsung Biologics to double bioreactor capacity with $1.5 bn new plant

Samsung Biologics Co. Ltd., the world’s largest contract manufacturing organization (CMO) in terms of capacity, will invest 1.74 trillion won ($...

Naver Webtoon becomes industry's first to post over $2.5 mn for daily paid-content

Naver Webtoon has become the industry's first to post over 3 billion won ($2.5 million) for daily paid-content as of August 2, breaking its own r...

Naver likely to invest near $83.5 million into SM Entertainment to secure K-pop content

Korea’s platform giant Naver is in talks with SM Entertainment, Korea’s largest entertainment company, to acquire shares worth approximate...

MBK closes Asia's 3rd biggest buyout fund at $6.5 bn

MBK Partners held the final close of its fifth buyout fund at $6.5 billion on May 20, which marked the third-biggest fundraising for an Asia-focused p...

NPS to ramp up global equities exposure over next 5 years

The National Pension Service (NPS) will continue to raise exposure to global equities over the next five years, despite concerns about the impact of t...

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...

Outbound real estate funds hit by first capital outflow in over 4 years

South Korea’s real estate funds for outbound investment saw their first net capital outflows in four and a half years in March, hit by delays in...

Mirae Asset may lose $5 mn to email fraud on aircraft finance

Mirae Asset Daewoo Co. Ltd. is likely to lose $5 million related to its aircraft financing deal after its Hong Kong-based employee transferred the mon...

Mirae Asset says on track to close $5.8 bn US hotels deal

Mirae Asset Global Investments Co. Ltd. remains on track to close a $5.8 billion acquisition of 15 US luxury hotels from China’s Anbang Insuranc...

eBay puts South Korean unit up for sale in $4 bn deal

eBay Inc. has decided to sell 100% of its South Korean operations which it valued at about 5 trillion won ($4 billion), the latest in a series of reor...

CalSTRS, POBA to form $312.5 mn JV for US multifamily investment: report

California State Teachers’ Retirement System (CalSTRS) and Public Officials Benefit Association (POBA) will set up a $312.5 million joint ventur...

Goldman, GIC, Sequoia to exit from Korean food delivery app in $4 bn deal

Goldman Sachs, Singapore’s GIC and Sequoia Capital are among the financial investors set to secure handsome returns from a combined 506 billion ...

Hana Fin-led JV buys 4 US student housing properties for $325 mn

Hana Financial Investment Co. Ltd. and Chicago-based Scion Group have acquired a portfolio of four newly-developed student housing facilities for $325...

Brookfield seeks refinance of $1.5 bn debt on IFC Seoul

Brookfield Asset Management Inc. is seeking to refinance 1.8 trillion won ($1.5 billion) of debts it borrowed on the International Finance Center in S...

[ASK 2019 SUMMIT Panel Talks] Korean LPs eye 5-8% return on alternatives

Teachers’ Pension, the Public Officials Benefit Association (POBA) and the Military Mutual Aid Association (MMAA) are looking to increase global...

MBK Partners scraps $1.5 bn IPO of Korean retail REIT

MBK Partners has cancelled an initial public offering for a retail real estate investment trust (REIT) in South Korea due to a lack of demand, which...

KKR to buy stake in Shinhan Fin; to raise joint funds of up to $4.4 bn

KKR & Co., a private equity giant, has reached a preliminary agreement to buy a minority stake in South Korea’s No.2 banking group Shinhan Financi...

South Korea seen to spend $1.4 tn on infrastructure by 2040: report

South Korea is expected to largely meet its infrastructure investment needs by 2040, spending $1.4 trillion on infrastructure by the year, according t...

Korean firms invest $52.5 mn in debt refinancing of US building

Two South Korean financial institutions have invested $52.5 million in mezzanine debt backed by an office building in Manhattan, which was issued to r...

Aircraft funds in Korea quadruple in 4 yrs; overheating concern sets in

Aviation finance funds are expected to attract another billions of dollars from South Korean investors this year to a cumulative $3.9 billion, driven ...

KTB Asset jointly acquires $68.5 mn debt of NY building from Blackstone

South Korea’s KTB Asset Management Co. Ltd. and two other domestic institutions have invested about $68.5 million in mezzanine debt secured by a Manha...

Korean investors mull investing in Ares Management’s $2.5 bn US private debt fund

South Korean institutional investors, including the Korean Scientists and Engineers Mutual-aid Association, Nonghyup Life Insurance Co. Ltd. and Lotte...

NPS, KIC commit $371 mn to BC Partners’ $7.4 bn buyout fund

The National Pension Service (NPS) and the Korea Investment Corporation (KIC), two major South Korean investors, were confirmed to invest a combined &...

Korea public officials’ fund sees 3-4 Europe property buys after $101 mn German deal

The Public Officials Benefit Association (POBA) has signed a final agreement to acquire a 10-story office building in the southern part of Hamburg, Ge...