US investment
Scope
Date
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Private equity
Korean SPAC Valuence Merger debuts on Nasdaq, targets bio M&As
Valuence Merger Corp. 1, a special purpose acquisition company (SPAC), led by South Korean fund managers, has debuted on the Nasdaq, targeting Asian...
Mar 04, 2022 (Gmt+09:00)
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Korean startups
Bank of Wine: High-end wine investment in the form of digital assets
South Korea is the world’s second-most attractive wine market, outranked by only the United States, according to London-based consumer researc...
Mar 03, 2022 (Gmt+09:00)
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Business & Politics
Samsung, LG fret over shipping lines’ delivery halt to Russia
Samsung Electronics Co. and LG Electronics Inc., South Korea’s two major exporters, are jittery about global shipping lines’ decision to...
Mar 03, 2022 (Gmt+09:00)
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Alternative investments
Korean LPs name their 36 favorite alternative asset managers
KKR was chosen as the best private equity firm by South Korean institutional investors, a survey shows. Blackstone, Macquarie Asset Management and Are...
Mar 03, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai accelerates electrification strategy, targets 7% of EV market
South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...
Mar 02, 2022 (Gmt+09:00)
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Corporate restructuring
POSCO launches holding firm to develop non-steel biz
POSCO, the world’s sixth-largest steelmaker, on Wednesday launched a holding company to develop the group into an eco-friendly future material...
Mar 02, 2022 (Gmt+09:00)
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Korean chipmakers
US chipmakers announce 10% hike in NAND flash prices
US semiconductor manufacturer Western Digital Corp. announced Tuesday it will raise the price of its NAND flash memory chips by 10%. Earlier ...
Mar 02, 2022 (Gmt+09:00)
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Bio & Pharma
Korean bio ventures struggle with fundraising
Biopharmaceutical companies of South Korea are having a tough time fundraising of late. Bio ventures without specific public offering plans are pa...
Mar 01, 2022 (Gmt+09:00)
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Pension funds
NPS hires Millennium, Starboard, Systematica for hedge fund investing
National Pension Service (NPS) of South Korea said on Feb. 28 it selected Millennium Management LLC, Starboard Value LP and Systematica Investment...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
Adams Street, Benefit Street, Clearlake join NPS' PE managers
National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
NPS picks Allspring, BlackRock, Morgan Stanley for multi-assets in Q4
National Pension Service (NPS) of South Korea said on Feb. 28 it hired Allspring Global Investments LLC, BlackRock Inc. and Morgan Stanley Investm...
Feb 28, 2022 (Gmt+09:00)
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M&As
Korea Investment in $4.4 bn lending group for Tropicana deal
Korea Investment & Securities Co. will arrange senior and mezzanine loans for Paris-based PAI Partners to fund its acquisition of Tropicana an...
Feb 28, 2022 (Gmt+09:00)
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Pension funds
NPS posts 24% return from alternative investment in 2021
National Pension Service (NPS) of South Korea posted a 10.86% rate of return in 2021, according to a preliminary data report by its investment man...
Feb 28, 2022 (Gmt+09:00)
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Pre-IPOs
SK Ecoplant raises over $800 mn from Korean PE firms
South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...
Feb 28, 2022 (Gmt+09:00)
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POSCO Chem to expand low-expansion anode materials output
South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...
Feb 27, 2022 (Gmt+09:00)
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Artificial intelligence
LG AI Research: Foundation of group’s long-term future
Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...
Feb 27, 2022 (Gmt+09:00)
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War in Ukraine
Perfect storm from Ukraine crisis clouds Korea Inc.’s outlook
South Korean companies had dreamed of a post-COVID-19 earnings recovery as the globe geared up for economic reopening. But their hopes are now dampe...
Feb 25, 2022 (Gmt+09:00)
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Food & Beverage
New York third US state to recognize kimchi's Korean origin
Korean food is all about ingredients, which alongside various fermentation techniques, have made kimchi a global side dish enjoyed not just as centr...
Feb 25, 2022 (Gmt+09:00)
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Infrastructure
Partners Group wins $620 mn Korean LPs mandate for infra
Some major institutional investors of South Korea have committed a combined $620 million to Partners Group’s third direct infrastructure progr...
Feb 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK On narrows bidders to BlackRock, Carlyle, KKR, GIC
South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...
Feb 24, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy’s holding firm changes name to HD Hyundai
South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...
Feb 24, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC boosts hedge fund investing with Seoul Guarantee Insurance
Korea Investment Corporation (KIC) signed an agreement on Feb. 24 with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge fund...
Feb 24, 2022 (Gmt+09:00)
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Economy
Tougher sanctions on Russia put S.Korean exporters on high alert
As the US and its allies are toughening up sanctions against Russia, South Korean exporters of smartphones, home appliances to automobiles are raisi...
Feb 24, 2022 (Gmt+09:00)
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Private equity
BlackRock names new head of institutional investment for APAC
BlackRock Inc., the world’s largest asset manager with $10 trillion assets under management, named Hiroyuki Shimizu head of institutional in...
Feb 22, 2022 (Gmt+09:00)
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Carbon neutrality
US Novelis to build $53 mn aluminum recycle center in Korea
Novelis Inc., the world’s top aluminum recycler, is set to invest $53 million in another recycling and casting center in South Korea to meet t...
Feb 22, 2022 (Gmt+09:00)
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Business & Politics
LG recruits former WH deputy chief of staff Joe Hagin for govt relations
LG Corp. announced on Sunday that the group has recruited former White House deputy chief of staff Joe Hagin for its Washington D.C. office. Ha...
Feb 21, 2022 (Gmt+09:00)
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Mergers & Acquisitions
LG Energy acquires ESS company in US from Japan's NEC
LG Energy Solution Ltd. has acquired US-based NEC Energy Solutions to expand its capabilities into the energy storage system (ESS) integration mar...
Feb 17, 2022 (Gmt+09:00)
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Korean games
Game stocks plunge in S. Korea, US
Game shares in South Korea and the United States have plunged, hit by worse-than-expected earnings. Online game developers in Korea have also b...
Feb 17, 2022 (Gmt+09:00)
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Korean biotech startup signs license deal with US firm
South Korea's biotech startup Novelty Nobility Inc. has signed a global license agreement for its antibody treatment candidate with a US biopharmace...
Feb 17, 2022 (Gmt+09:00)
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Food & Beverage
Shinsegae acquires Napa Valley winery Shafer Vineyards for $250 million
South Korea’s retail giant Shinsegae Inc. has acquired US winery Shafer Vineyards for $250 million to consolidate its leadership in the domest...
Feb 16, 2022 (Gmt+09:00)
Latest News
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- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators