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...

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...

[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...

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...

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...

[RFP] POBA seeks two global fixed-income managers for $350 mn mandate

South Korea's Public Officials Benefit Association (POBA) plans to allocate a combined $350 million to two global fixed-income investment companies, i...

Global partnership pushes Hanwha into final round of Aussie armored vehicle deal

Hanwha Defense Co. has reached the final stretch in a race to win Australia’s 5-trillion won (US$4.2 billion) project to buy new infantry fighti...

Samsung, SK Hynix on toes as US tightens restrictions on Huawei

Korean chipmakers Samsung Electronics Co. and SK Hynix Inc. are on guard as the US Department of Commerce toughens its restrictions on Chinese tech co...

Hanwha eyes gains running hydrogen fueling stations for US startup

Hanwha Group may exercise its rights to operate more than 700 hydrogen fueling stations to be built across the US and Canada by US hydr...

SK Bioscience wins COVID-19 vaccine manufacturing order from US firm

SK Bioscience Co. Ltd. has secured a contract manufacturing organization (CMO) order for a new coronavirus vaccine candidate under development by the ...

SK Hynix joins in $60 mn funding for US chip design startup SiFive

SK Hynix Inc. has recently participated in a $60 million funding for the US semiconductor startup SiFive, SK Hynix said on August 12.Saudi Aramco and ...

Korean shipyards retake global top spot in July with pricey LNG vessels

South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...

Hanwha taps into ESS business by acquiring 100% stake in US-based Geli

Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...

Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses

Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...

[Updated RFP] Korea Post seeks two global debt fund houses for $170 mn mandate

(On August 25, Korea Post extended the deadline for submitting proposals for its global debt investment mandate to August 31, 2020 from August 19, 202...

Hanwha loses to Chevron in a bid to acquire 50% stake in US-based ethane cracker

Hanwha Group has lost to US-based chemical company Chevron Phillips in a bid to acquire a 50% stake in global chemical company Sasol’s...

US insurer Cigna’s Korean unit says no decision yet on its possible sale

LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...

NPS to add 200 global investment staff to cut fees, emulating CPPIB

The National Pension Service plans to carry out about a fivefold increase in overseas staffing by 2024 which will help to reduce external management f...

Hana Financial underwrites $117 million senior loan for US energy storage system

Hana Financial Investment Co., Ltd has invested in an energy storage system development project as an underwriter for senior loans worth $117 million....

US insurer Cigna to put Korean life insurance arm up for sale

The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Why Korean online giants Kakao and Naver soar amid global pandemic

Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...

Korea’s IPO market gains steam amid global pandemic

SK Biopharmaceuticals Co. Ltd. made a strong market debut on the Korea Exchange, as the country's IPO market has been gaining steam with newly listed ...

Tiger Alternative raises $100 million to invest in US structured fund

South Korea's Tiger Alternative Investors Co. Ltd has raised about $100 million from domestic retirement funds and insurance firms to invest in senior...

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...

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

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 ...

Korean LPs receive massive capital calls from global funds

Pension schemes and savings funds in South Korea are busy responding to a flood of capital calls simultaneously from foreign investment firms which ar...

POBA to commit $120 mn to US housing development fund

The Public Officials Benefit Association (POBA) will commit $120 million to a US single-family housing development fund worth about 750 billion won ($...