MBK beats TPG to buy Korean industrial gas supplier for $1.7 bn

MBK Partners, Asia’s biggest private equity firm, has offered close to 2 trillion won ($1.7 billion) to buy South Korea’s second-largest industrial ga...

Korean investors mull investing in Ares Management’s $2.5 bn US private debt fund

South Korean institutional investors, including the Korean Scientists and Engineers Mutual-aid Association, Nonghyup Life Insurance Co. Ltd. and Lotte...

KIC, NPS agree not to hire each other’s ex-fund managers: report

Korea Investment Corporation (KIC), a sovereign wealth fund, has agreed with the National Pension Service (NPS) not to employ each other’s former inve...

NPS puts aside 2017 asset management plans after chief detained

South Korea’s National Pension Service (NPS) has indefinitely postponed a committee meeting set for Dec. 30 aimed at reviewing this year’s investment ...

Korea Post awards $300 mn mandates to 3 private debt managers

Korea Post’s savings arm has awarded offshore private debt mandates worth a combined $300 million to Guggenheim Partners, Park Square Capital and Part...

Korean asset manager set to buy NASA headquarters building for about $350 mn

KTB Asset Management Co. Ltd. has been picked as the preferred buyer of the NASA headquarters building in Washington D.C. on behalf of small-sized Sou...

Korea public officials’ fund picks $40 mn cat bond managers

Three private equity firms – LGT Capital Management, Leadenhall Capital Partners and Nephila Capital – have been chosen as the preferred managers of t...

[RFP] Korea Post seeks 3 management firms for overseas CLO investment

Korea Post’s savings unit announced a request for proposal on August 17 to select three asset management houses that will be in charge of setting up s...

NPS seeks higher pay raise for in-house fund managers ahead of office relocation

The National Pension Service (NPS) is pushing forward a plan to raise the basic pay for in-house fund management staff by about 9% on average in 2016,...

Top Korean investors to meet UK asset managers in London on July 22

Sang-Hyun Yoo, the new global alternative division head of the National Pension Service (NPS) and senior managers of other top South Korean instit...

KIC sees regulation change to qualify KIC, Korean pension funds managers for CIO job

Korea Investment Corporation (KIC) has recently asked the finance ministry to revise part of regulations governing the sovereign wealth fund in order ...

NPS replaces global alternative head in internal moves of senior managers

The National Pension Service (NPS) appointed its domestic alternative division head, Sang-Hyun Yoo, as the new head of the global alternative division...

BlackRock, Grosvenor picked as NPS’ fund of hedge fund managers

The National Pension Service (NPS) finally selected BlackRock Alternative Advisors and Grosvenor Capital Management on July 11 as the general partners...

[RFP] Korea's govt pension seeks $100 mn offshore mezzanine fund managers

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 6 that it would select two global private debt fund managers f...

[RFP] Korea’s GEPS seeks $170 mn fund of funds managers of global stocks, bonds

South Korea’s Government Employees Pension Service (GEPS) posted a notification on July 1 to invite bids for a 100 billion won ($87 million) mandate f...

NPS faces calls for GP screening system revision, ahead of $600 mn mandate awards

The National Pension Service (NPS) of South Korea has drawn only five bidders for its planned 500 billion won ($426 million) commitments to be made to...

[Korean Money Going Abroad] Korea insurers up overseas investments, eyeing foreign asset managers

South Korean insurance companies have been raising investments in overseas investments by more than 50% since the start of this year and also consider...

[Editor's Note] Moves: KIC greets new CIO; NPS lets three senior managers go, ahead of office relocation

Korea Investment Corporation (KIC), South Korea’s sovereign wealth fund managing $96 billion foreign exchange reserves, has recently named Kang Shin-w...

KIC names former local asset management head as new CIO

Korea Investment Corporation (KIC) has named the former head of Hanwha Asset Management as its new chief investment officer to run the sovereign wealt...

[RFP] Korea Post seeks overseas fixed-income managers for emerging sovereign bond fund

- On June 1, 2016, Korea Post’s insurance asset management bureau posts a request for proposal to invest in dollar-denominated sovereign bonds of emer...

[Editor's Note] Korea Post released four RFPs to select offshore alternative asset managers

Last week Korea Post, with 110 trillion won ($93 billion) of assets under management, announced four requests for proposal (RFPs) to choose general pa...

[Interview] Korea teachers’ fund CIO: interested in equity stake in asset managers’ holding firms

Korea Teachers’ Credit Union (KTCU), which manages 22 trillion won (about $18 billion) of assets, is considering an equity investment in holding compa...

[RFP] Korea Post seeks overseas PDF managers for up to $300 mln commitment

- On May 26, Korea Post says plans to commit about $100 mln to 1 to 3 funds, respectively - Investment to be focused in North America or Europe thr...

[RFP] Korea Post seeks global managers for U.S., Canada real estate investment

- Deadline to submit proposal is May 30, 2016; Final selection set for July 1, 2016 Korea Post announced a request for proposal on May 23 for its u...

[RFP] Korea Post Savings seeks new single offshore hedge fund managers

- Proposed fund size at minimum $300 mln; proposal submissions due by June 7, 2016 - Funds currently in Korea Post Savings’ hedge fund pool not el...

[RFP] Korea Post seeks fixed-income managers for U.S. corporate bond investment

- Proposal submission due by June 7, 2016; final selection set for July 2016 - To pick 2 firms for publicly-offered funds with minimum $300 mln AUM...

KIC aims to pick domestic GPs to manage $2 billion overseas infrastructure fund

- To select 2~3 local asset managers or securities firms as GPs - If fails to bring in local GPs, it will open the door to foreign asset managers ...

Hanon System

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LG CNS develops code-generative AI solution

LG CNS, South Korea's leading information technology services provider, announced on Wednesday the development of AI Coding, an innovative code-gene...

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as one of the next unicorn candidates in South Korea, bankrupted last month even after garnering 15.4 billion in funding from...