Meritz Securities drops $500 mn Walmart store acquisition plan after US rate hike

South Korea’s Meritz Securities Co. Ltd. has abandoned plans to acquire about 40 stores of Walmart Stores Inc. in southern states of the U.S. for $500...

US gas power projects lure Korean private loan investors: report

Gas-fired power plants in the pipeline in northeast U.S. states are expected to attract South Korean institutional investors in search of 5~6% annual ...

Mirae Asset in bidding for $300 mn Charles Schwab’s US building: report

Mirae Asset Financial Group has recently submitted a letter of intent to buy a prime office building worth $300 million in San Francisco which financi...

US Prudential unit to buy Seoul office building for $157 mn amid vacancy concerns

PGIM Inc. a unit of U.S. Prudential Financial Inc., will acquire an office building in central Seoul for 184 billion won ($157 million) from a South K...

KIC, Korean fund to invest $130 mn in US hotels-backed mezzanine debt: report

Korea Investment Corporation (KIC) and the country's Local Finance Association will invest a total of 153 billion won ($130 million) in U.S. mezzanine...

Hanwha Life, scientist fund to put $230 mn into UK gas business bid

South Korea’s Hanwha Life Insurance Co. Ltd. and a scientists’ savings fund will commit a total of 185 million pounds ($230 million) to a project fund...

KIC, Teachers’ Pension to invest in US warehouse fund, first since joint work agreement

Korea Investment Corporation (KIC) and the Teachers’ Pension will invest in a U.S. warehouse portfolio fund for an undisclosed sum, in their first joi...

Korean insurers to invest $240 mn in senior loans for US FBI building

South Korean life and non-life insurance firms will provide about $240 million worth of senior financing for a historic 10-story office building in Wa...

Neuberger Berman sees $100 mn fundraising in Korea to buy stakes in US asset firms

The Korean Teachers’ Credit Union (KTCU) will commit $50 million to a blind-pool fund that Neuberger Berman is in the process of raising, and other So...

Three US firms win $120 mn mezzanine fund mandates from Korea fund

The Public Officials Benefit Association (POBA) has selected Crescent Capital Group, Falcon Private Equity and GoldPoint Partners to invest a total of...

Starwood Energy to raise $200 mn from Korea to fund $760 mn US deal: report

(Updated to clarify the fund-raising is still underway, based on a comment from a source with knowledge on the matter) KB Asset Management, a unit ...

Samsung’s investment firm to set up $270 mn US property mezzanine fund

A property investment arm of the Samsung Group will raise 300 billion won ($270 million) from South Korean insurance companies and pension funds in a ...

US rate hike talk alters Korean fund’s US property investment strategy

The Public Officials Benefit Association (POBA) has decided to withdraw $70 million from a U.S. real estate fund that makes bets on property price ris...

KEPCO taps NPS-led fund to buy US solar power plant for $35 mn

Korea Electric Power Corp. (KEPCO) has signed an agreement to buy a U.S. solar power plant from private equity firm Carlyle Group for $35 million, in ...

[RFP] Korea Post invites bids for $450 mn US first mortgage co-investment

Korea Post’s savings unit is seeking three global real estate fund managers to make joint investments in first mortgages of U.S. commercial assets for...

US bank loans, asset-based credit whet appetite of Korean investors

South Korean institutional investors are gearing up to raise exposure to U.S. bank loans, collateralized loan obligation (CLO) and commercial mortgage...

Korean firms complete $320 mn financing for Newark Energy Center of US

South Korean insurance firms and other institutions have committed a total of $250 million to a local fund set up to provide senior loans to Newark En...

US govt building-lease funds lure Korean investors

ING Life Insurance, fisheries cooperatives and a college fund in South Korea will put a total of $80 million into a fund run by USAA Real Estate Compa...

Korea pension funds seek damages from Daewoo Shipbuilding’s books rigging

The Government Employees Pension Service (GEPS) and the Teachers’ Pension have brought a joint action against Daewoo Shipbuilding for $19 mill...

[Interview] Korea savings fund for small business owners mulls offshore blind fund investment in 2016

South Korea’s Yellow Umbrella Mutual Aid is flexing its muscle to expand overseas alternative assets, including blind funds, in line with a rapid ...

Daewoo Shipbuilding

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Korean shipbuilders win record LNG carrier orders; 2022 outlook bright

 South Korea’s three major shipbuilders have swept global orders for LNG carriers, more profitable than oil tankers and container ships, am...

Hanmi Pharm subsidiary JVM to sell fully automated drug inspection machines in US

Hanmi Pharmaceutical said on Monday that it had signed an agreement with Euclid Medical Products, a company specializing in manufacturing drug dis...

US antitrust body blocks $1.4 bn Korean Air-Asiana deal

Korean Air Co.’s acquisition of smaller local rival Asiana Airlines Inc. is poised to collapse after the US antitrust body raised the hurdle f...

US antitrust body blocks $1.4 bn Korean Air-Asiana deal

Korean Air Co.’s acquisition of smaller local rival Asiana Airlines Inc. is poised to collapse after the US antitrust body raised the hurdle f...

US to send Its biggest sub to Korean Peninsula in message to North and South

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Samsung’s foundry business sales proportions

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BB.Q ranks 7th on list of fastest-growing restaurant brands in US

South Korean fried chicken brand BB.Q, part of the Genesis BBQ Group, said on Monday that it has secured the 7th spot on the  'Fastest-Growing ...

US visa quotas hamstring Korean manufacturers’ US expansion

South Korean manufacturing companies have tripled investments in building plants in the US over the past three years, but labor shortages are slammi...

Samsung SDS showcases new supply chain management solution in the US

Samsung SDS introduced a supplier relationship management (SRM) solution at the Gartner Supply Chain Symposium 2024 in Orlando, Florida, the com...