Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...

KKR’s strategic relationship with Shinhan Financial fizzles

KKR’s strategic relationship with Shinhan Financial fizzles

Back in 2018, KKR & Co. tentatively agreed to buy a minority stake in South Korea’s Shinhan Financial Group to build a strategic relationshi...

Hana Financial to fund Australia solar power project with $146 mn senior debts

Hana Financial to fund Australia solar power project with $146 mn senior debts

Hana Financial Investment Co. Ltd. has secured A$200 million ($146 million) in senior loans to finance A$320 million solar power project in Australia ...

Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services

Hyundai Card issues green bonds worth $379 mn to finance eco-friendly services

Hyundai Card Co. has issued green bonds worth 450 billion won ($379 million) to fund its green car financing services, the credit card company said on...

KB Financial's $186 mn VC fund invests $42 mn in Indian startups

KB Financial's $186 mn VC fund invests $42 mn in Indian startups

KB Financial Group's global venture capital fund, which raised 220 billion won ($185.6 million) last year, has wrapped up its investment of about 50 b...

Korea state agency to sell up to 10% Woori Financial stake in block deal

Korea state agency to sell up to 10% Woori Financial stake in block deal

The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...

Carlyle flexes muscles in Korean financial industry as Lee takes helm

Carlyle flexes muscles in Korean financial industry as Lee takes helm

The Carlyle Group has been growing its presence in South Korea after sealing a string of investment and business deals with top Korean financial servi...

Affinity Equity, Baring PEA tipped to invest $1 bn in Shinhan Financial

Affinity Equity, Baring PEA tipped to invest $1 bn in Shinhan Financial

Affinity Equity Partners and Baring Private Equity Asia will likely invest a combined 1.2 trillion won ($1 billion) in new shares of Shinhan Financial...

Doosan Heavy shares rally as investors look beyond financial woes

Doosan Heavy shares rally as investors look beyond financial woes

Shares of Doosan Heavy Industries & Construction Co. Ltd., a South Korean power plant builder, jumped to their highest level in more than two year...

KDB offers to ease HDC's financial burden in Asiana takeover as deal stalls

KDB offers to ease HDC's financial burden in Asiana takeover as deal stalls

State-run Korea Development Bank (KDB), the main creditor of Asian Airlines Inc., has unveiled proposals to ease the financial burden for HDC Hyundai ...

South Korea moves in on overseas coal project financing ban

South Korea moves in on overseas coal project financing ban

South Korea's parliament looks set to pass new legislation to ban financing on foreign coal power projects, putting all overseas coal-fired plant deal...

Silence over NPS chief investment officer's tenure raises eyebrows within the financial community

Silence over NPS chief investment officer's tenure raises eyebrows within the financial community

Silence over the tenure of incumbent chief investment officer (CIO) at the National Pension Service is stirring up talk within the global asset manage...

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

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....

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial Group, one of Korea's largest financial holding firms, has reached out to asset management companies that are well-versed ...

[Upcoming IPO] PUBG creator to go public to finance IP expansion

[Upcoming IPO] PUBG creator to go public to finance IP expansion

Investors are paying close attention to the Korean game holding company Krafton as it is expected to be this year's hottest initial public offering. T...

Hana Financial purchases $77 mn mezzanine loan on 30 Hudson Yards NYC

Hana Financial purchases $77 mn mezzanine loan on 30 Hudson Yards NYC

Hana Financial Investment Co. Ltd. has purchased a $77 million mezzanine loan backed by a six-story space in the 101-story, 30 Hudson Yards, the third...

Former vice finance minister picked as NPS’ chief executive

Former vice finance minister picked as NPS’ chief executive

Yong-jin Kim, who served as a vice finance minister of President Moon Jae-in’s government between mid-2017 and 2018, has been chosen as the Nati...

Carlyle to invest $415 mn in KB Financial, betting on share rebound

Carlyle to invest $415 mn in KB Financial, betting on share rebound

The Carlyle Group has tentatively agreed to buy $200 million worth of bonds exchangeable into shares in KB Financial Group and the US private equity f...

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential to sell Korean unit to KB Financial for $1.9 bn

Prudential Financial Inc. has decided to sell its South Korean insurance arm to KB Financial Group for about 2.3 trillion won ($1.9 billion) and will ...

Military Mutual Aid extends financial division CIO’s term by one year

Military Mutual Aid extends financial division CIO’s term by one year

The Military Mutual Aid Association (MMAA) has extended its financial division head’s term for another year to focus on the risk management asso...

Mirae Asset may lose $5 mn to email fraud on aircraft finance

Mirae Asset may lose $5 mn to email fraud on aircraft finance

Mirae Asset Daewoo Co. Ltd. is likely to lose $5 million related to its aircraft financing deal after its Hong Kong-based employee transferred the mon...

Shinhan Financial to raise $200 mn for KKR’s tailor-made funds

Shinhan Financial to raise $200 mn for KKR’s tailor-made funds

Shinhan Financial Group will raise $200 million for two KKR funds of funds (FoFs) tailor-made for the South Korean banking group, under a strategic pa...

Meritz Sec commits $425 mn to India’s housing finance platform

Meritz Sec commits $425 mn to India’s housing finance platform

Meritz Securities Co. Ltd. has committed $425 million to a housing finance platform in India as an anchor investor, in its first foray into the countr...

Tiger Alternative to offer $167 mn debt financing to US PEF

Tiger Alternative to offer $167 mn debt financing to US PEF

South Korean private equity firm Tiger Alternative Investors Co. Ltd. will offer a 150 million euro ($167 million) senior loan to Advent International...

Crianza Aviation leads $600 mn aircraft finance for Etihad Airways

Crianza Aviation leads $600 mn aircraft finance for Etihad Airways

Crianza Aviation, a South Korean aircraft leasing firm, has completed a financing estimated at $600 million to buy three Boeing 787-9s for Etihad Airw...

Korean banks lend club loan for $115 mn aircraft debt finance

Korean banks lend club loan for $115 mn aircraft debt finance

Three big South Korean lenders have lent a $85 million club loan to ALAFCO, a Kuwait-based aircraft leasing company, which recently raised $115 millio...

KB Financial units invest $103 mn in Spain hotel portfolio-backed debt

KB Financial units invest $103 mn in Spain hotel portfolio-backed debt

KB Asset Management Co. Ltd. and other units of South Korea’s top banking group KB Financial Group co-invested 90 million euros ($103 million) in a se...

Korean brokerages provide $115 mn financing backed by rolling stock in Spain

Korean brokerages provide $115 mn financing backed by rolling stock in Spain

Hana Financial Investment Co. Ltd. and NH Investment & Securities Co. Ltd. have extended 99 million euros ($115 million) in a three-year loan to f...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation