US Global Recycle Standard
Scope
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ASK Summit 2020
KED to host alternative investment summit for Korean, global asset managers
The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...
Oct 16, 2020 (Gmt+09:00)
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RFP
Korea Post plans $87 mn US fixed income investment
Korea Post’s insurance arm is planning to select two asset management companies for around 100 billion won ($87.4 million) in US fixed-income in...
Oct 15, 2020 (Gmt+09:00)
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ASK Summit 2020
KED to host alternative investment summit for Korean, global asset managers
The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...
Oct 14, 2020 (Gmt+09:00)
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Alternative investment
Hana to launch $38 mn retail fund for US property deal
Hana Alternative Asset Management Co. plans to raise 43 billion won ($38 million) from a retail fund for its investment in an office building in north...
Oct 13, 2020 (Gmt+09:00)
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ESG
Hyosung’s recycled yarn from PET bottles lures fashion brands
Hyosung TNC Corp. is experimenting with something that may seem strange in the eyes of some: making recycled yarn from discarded PET bottles, in a pro...
Oct 13, 2020 (Gmt+09:00)
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Korean Teachers' Credit Union
Korean teachers' fund pockets sweet returns from US cloud-based platform
The Korean Teachers' Credit Union (KTCU) has secured returns nearly four times its $37.6 million investment in the US cloud-based platform provider El...
Oct 12, 2020 (Gmt+09:00)
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Editor's note
Korea Does Matter: Why KED decided to go global
Korea Does Matter. This was one of many candidates for the name of our new global media outlet. Although we ended up going with our existing brand ...
Oct 09, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai Motor unveils sustainable fashion collection from recycled car materials
Hyundai Motor Co. displayed fashion items made of discarded materials from the automotive manufacturing and scrapping process on Oct. 8, calling it a ...
Oct 08, 2020 (Gmt+09:00)
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Bio
Celltrion founder aims to raise $1 bn for healthcare startup from global funds
Seo Jung-jin, founder and chairman of South Korea’s biosimilar maker Celltrion Group, said on Oct. 6 that he is in talks with a number of global...
Oct 07, 2020 (Gmt+09:00)
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Multi asset funds
Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, has entrusted two Korean asset managers ...
Oct 05, 2020 (Gmt+09:00)
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Automobiles
Robust SUV sales drive Korean carmakers’ US market share to 9-yr high
South Korean automakers’ share of the US passenger car market has risen to its highest level in nine years, boosted by brisk sales of sport util...
Oct 05, 2020 (Gmt+09:00)
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Tech
Samsung creeps up on Apple in US online smartphone sales
Samsung Electronics Co. has sharply narrowed its gap with Apple Inc. in the US online smartphone market during the second quarter of this year to arri...
Sep 25, 2020 (Gmt+09:00)
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Investment banking
Global IBs scurry to win IPO mandates for LG Chem’s battery business spin-off
Global investment banks are scrambling to win IPO mandates for LG Chem Ltd.’s battery business, which the South Korean company plans to hiv...
Sep 22, 2020 (Gmt+09:00)
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Foreign exchange
Korean won rebounds to pre-pandemic level; more gains seen until US election
The South Korean won leapt to its highest close in eight months against the dollar on Sept. 18, powered by foreign investors’ week-long stock bu...
Sep 18, 2020 (Gmt+09:00)
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Restructuring
Korean Air to lend $950 mn to US hotel unit for debt repayment
Korean Air Lines Co. will provide $950 million in loans to its fully owned US hotel operator which has $900 million in debt maturing this month, the c...
Sep 17, 2020 (Gmt+09:00)
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Bio
Korea rises as production hub for coronavirus treatments; darling of global pharmas
South Korea is emerging as a global production base for coronavirus vaccines and medicine thanks to its comprehensive production facilities alongside ...
Sep 15, 2020 (Gmt+09:00)
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Tech
Korean chipmakers rewrite China business strategy amid US trade ban
South Korean chipmakers and display manufacturers will lose a major client in China when US trade sanctions targeting the technology giant Huawei Tech...
Sep 14, 2020 (Gmt+09:00)
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Tech
Korean display makers poised to suffer from US ban on Chinese app WeChat
Korea’s two largest display panel makers – Samsung Display Co. and LG Display Co. – are widely expected to suffer from the US ban on...
Sep 14, 2020 (Gmt+09:00)
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Logistics
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...
Sep 14, 2020 (Gmt+09:00)
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Infrastructure
KOTAM to raise $800 million for global infrastructure credit investment
Korea Transportation Asset Management (KOTAM) is set to raise $800 million in a global infrastructure credit fund, which US-based I Squared Capital (I...
Sep 10, 2020 (Gmt+09:00)
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Alternative investments
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...
Sep 09, 2020 (Gmt+09:00)
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Alternative investment
KTCU bumps up global PE investment by 90% since end-2018
The Korean Teachers’ Credit Union (KTCU) has pushed up overseas private equity investments by 90% to 1.9 trillion won ($1.6 billion) over the pa...
Sep 08, 2020 (Gmt+09:00)
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Real estate
KTCU to join in $700 mn US value-add residential project: report
The Korean Teachers’ Credit Union (KTCU) will invest $50 million in a $700 million value-add residential project under which a group of investor...
Sep 03, 2020 (Gmt+09:00)
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Alternative investment
NPS adds six global alternative investment managers in Q2
The National Pension Service has added three real estate investment firms, two infrastructure managers and one private equity and debt investment hous...
Sep 02, 2020 (Gmt+09:00)
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Batteries
Korean battery makers take charge in global EV market outperforming rivals
South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...
Sep 01, 2020 (Gmt+09:00)
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Venture Capital
Online portal Naver steps up Europe startup investment against US, China
South Korea’s largest internet portal Naver Corp. has committed 110.4 billion won ($93 million) to two Europe-focused startup funds since late l...
Sep 01, 2020 (Gmt+09:00)
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Asset allocation
Global alternatives boost KTCU’s H1 investment returns
Alternative investments became the best-performing asset class for the Korean Teachers’ Credit Union (KTCU) in the first half of this year, retu...
Aug 31, 2020 (Gmt+09:00)
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Startups
[Focus] Korean unicorns face reality check from US startups poised for IPOs
With a number of high-profile US startups in line for initial public offerings, investors in South Korean startups may be looking to Wall Street for c...
Aug 31, 2020 (Gmt+09:00)
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Markets
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...
Aug 31, 2020 (Gmt+09:00)
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Corporate bankruptcy
Corporate bankruptcy filings hit all-time high in Korea amid global pandemic
Corporate bankruptcy cases in July posted a historic high with 103 filings, mirroring the global impact of the pandemic and its heavy blow to Sou...
Aug 21, 2020 (Gmt+09:00)
Latest News
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- 5 Lotte Biologics signs antibody drug CMO deal with UK’s Ottimo Pharma