Construction workers' fund invites bids for $25 mn infra mandate

Construction workers' fund invites bids for $25 mn infra mandate

South Korea’s Construction Workers Mutual Aid Association issued a request for proposals to commit $25 million to a global infrastructure fund...

Fried chicken chain BHC set to acquire Outback Steakhouse Korea

Fried chicken chain BHC set to acquire Outback Steakhouse Korea

South Korea’s second-largest fried chicken brand BHC Group has been named the preferred negotiator to acquire a 100% stake in the Korean opera...

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

Apparel retailer F&F joins in $1.7 bn TaylorMade deal

F&F Co., the South Korean retailer of the outdoor clothing brands Discovery Expedition and MLB, has been selected as the strategic buyer of Tayl...

GCM Grosvenor wins POBA's $300 mn infra SMA mandate

GCM Grosvenor wins POBA's $300 mn infra SMA mandate

South Korea's Public Officials Benefit Association (POBA) has recently picked GCM Grosvenor, a US alternative investor, as its new separate account ...

Investors give warm welcome to Korean firms' capex hike for future growth

Investors give warm welcome to Korean firms' capex hike for future growth

Capital raising through new share sales and debt to expand facilities wasn’t good news for investors as the move often led to a fall in share ...

BlackRock Real Assets makes first Korean offshore wind investment

BlackRock Real Assets makes first Korean offshore wind investment

BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...

LG Chem to invest $8.7 bn in battery material, renewable, bio sectors

LG Chem to invest $8.7 bn in battery material, renewable, bio sectors

LG Chem Ltd., South Korea’s top chemical maker, said on Wednesday it will invest 10 trillion won ($8.7 billion) in the battery material, renew...

NPS to speed up under $100 mn alternative investments

NPS to speed up under $100 mn alternative investments

The National Pension Service (NPS) has revised internal regulations to authorize its working-level officials to proceed with deals worth less than $...

Samsung Next ramps up investment in NFT ventures

Samsung Next ramps up investment in NFT ventures

Samsung Electronics Co. is betting big on non-fungible token (NFT) companies through its venture capital unit Samsung Next, headquartered in Mountai...

LG Group joins investment in EV battery startup SES

LG Group joins investment in EV battery startup SES

South Korea’s LG Group invested in an electric vehicle battery startup SES Holdings Pte (SES) in a bid to secure future growth business.LG Tec...

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

Lotte Chemical goes green with $3.8 bn investment in hydrogen business

South Korea’s Lotte Chemical Corp. is investing 4.4 trillion won ($3.8 billion) in hydrogen projects by 2030 to foster the business as a new g...

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment raises $600 mn in first foreign currency bond issue

Korea Investment & Securities Co. raised $600 million in its first foreign currency bonds at lower-than-planned interest rates on strong demand....

POBA likely to invest €100 mn in Dutch lab developer

POBA likely to invest €100 mn in Dutch lab developer

South Korea's Public Officials Benefit Association (POBA) has decided to invest around €100 million ($120 million) in Kadans Science Partner, a...

BlackRock in talks to acquire Korea’s ESG-focused IGIS Private Equity

BlackRock in talks to acquire Korea’s ESG-focused IGIS Private Equity

BlackRock Inc., the world’s largest asset manager, is in talks to acquire IGIS Private Equity, a South Korea-based firm specialized in eco-fri...

Korean banks enter digital asset custody market in quick succession

Korean banks enter digital asset custody market in quick succession

Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following K...

Global EV race kicks off with key players investing $168 bn

Global EV race kicks off with key players investing $168 bn

The global auto industry is rapidly making a full-fledged shift towards electric vehicles (EVs), with the world’s five major market players, i...

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical to start plastic waste recycling business in Asia

SK Global Chemical (SKGC), a petrochemical subsidiary of SK Innovation Co., plans to build a plastic waste recycling plant in South Korea to extract...

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's HappyFresh draws half of new funding from Korea

Indonesia's online grocery platform HappyFresh will receive another $33 million from South Korean investors, including the Asian startup fund of Nav...

Korea unveils $35 billion battery investment plan to catch up to China

Korea unveils $35 billion battery investment plan to catch up to China

South Korea’s major battery makers have pledged to invest 40.6 trillion won ($35.4 billion) in the electric vehicle battery industry over the ...

Korea’s household investment in stock assets up by 62.8% vs. Q1 2020

Korea’s household investment in stock assets up by 62.8% vs. Q1 2020

South Korean households over the last 12 months have vastly increased investments in both domestic and overseas stock markets, with the total invest...

Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn

Cash-strapped Korean LCCs to bolster capital: Jeju Air to raise $175 mn

Jeju Air Co., South Korea’s largest low-cost carrier (LCC), seeks to raise some $175 million in new shares to boost its capital base, raising ...

STIC to cash in on Aug IPOs following HYBE block sale

STIC to cash in on Aug IPOs following HYBE block sale

South Korea's private equity firm STIC Investments Inc. is tipped to be one of the main beneficiaries of upcoming initial public offerings in the co...

Jungheung cuts Daewoo E&C acquisition price by $180 mn

Jungheung cuts Daewoo E&C acquisition price by $180 mn

KDB Investment, in an announcement on July 5, has confirmed Jungheung Construction Co. as the preferred bidder for the acquisition of Daewoo Enginee...

Hyundai Motor invests $100 mn in US battery startup SES

Hyundai Motor invests $100 mn in US battery startup SES

Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...

LG invests $88 mn in Kakao Mobility as both seek new growth opportunities

LG invests $88 mn in Kakao Mobility as both seek new growth opportunities

LG Corp., the holding company of South Korea’s fourth-largest conglomerate LG Group, is investing 100 billion won ($88 million) in Kakao Mobil...

NPS buys Australian building for $900 mn to diversify investment

NPS buys Australian building for $900 mn to diversify investment

South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...

SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

SK Innovation to split battery unit, eyes Nasdaq debut as it goes greener

South Korea’s SK Innovation Co. said on Thursday it is considering a spin-off of its battery business and listing the separated entity on the ...

POBA CIO advises against traditional asset mix, definition

POBA CIO advises against traditional asset mix, definition

Rapid technological change that is blurring the lines between industries has altered the definition of asset classes, forcing investment managers to...

Korea’s pharma consortium to develop mRNA vaccines by 2022

Korea’s pharma consortium to develop mRNA vaccines by 2022

South Korea will develop its own messenger ribonucleic acid (mRNA) vaccines by next year with plans to annually manufacture 100 million doses from 2...

HYBE's No.3 investor exits from BTS label in block deal

HYBE's No.3 investor exits from BTS label in block deal

Seoul-based STIC Investments, the third-largest shareholder in South Korea's HYBE Co., sold its remaining shares in the label behind BTS, in a block...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal