cloud cost management platform
Scope
Date
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Tech, Media & Telecom
Samsung to adopt flatter hierarchy to lure young talent
Samsung Electronics Co. on Monday announced a set of drastic steps to reduce bureaucracy and hierarchical management at the world's top memory chip ...
Nov 29, 2021 (Gmt+09:00)
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Korean startups
Gaming platform Planetarium attracts $42 mn, valued at $293 mn
South Korea’s non-fungible token (NFT)-based open source gaming platform Planetarium, under Nine Corp. Inc., is slated to attract around 50 ...
Nov 28, 2021 (Gmt+09:00)
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Pension funds
Korea Post to select GPs for €200 mn real estate fund
Korea Post, South Korea's state-run postal service agency, said its savings arm will select two asset managers of an open-end commingled blind poo...
Nov 28, 2021 (Gmt+09:00)
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Leadership & Management
Koo Ja-eun takes helm of Korea’s cable, machinery conglomerate LS Group
Koo Ja-eun, chairman of South Korea’s LS Mtron Co., a machinery and components maker, will lead the country’s 14th-largest conglomerate ...
Nov 26, 2021 (Gmt+09:00)
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E-commerce
KoreaCenter acquires Danawa, paving way for MBK’s bolt-on deal
KoreaCenter Co. has been named the new owner of Danawa Co., one of South Korea’s first-generation e-commerce platforms – a move that is ...
Nov 26, 2021 (Gmt+09:00)
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Korean startups
Proptech platform Olim Planet eyes 2022 Kosdaq IPO
Olim Planet, a South Korean property technology startup, has begun the process to go public on the junior Kosdaq market as early as the second half ...
Nov 26, 2021 (Gmt+09:00)
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Executive reshuffles
KakaoPay chief tapped as co-CEO in Kakao management shakeup
Young-joon Ryu and Min-soo Yeo, slated as Kakao Corp. co-CEOs come March Korea’s largest mobile messenger provider Kakao Corp. is slated ...
Nov 26, 2021 (Gmt+09:00)
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Pension funds
KIC sees 11 alternative investment managers resign by November
Korea Investment Corporation (KIC) saw as many as 10 professionals of its alternative investment division resign from the South Korean sovereign wea...
Nov 25, 2021 (Gmt+09:00)
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Real estate
IGIS beats Blackstone, Brookfield in Asian real estate AUM
IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management ...
Nov 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s Toss operator invests $5 mn in US startup fintech platform Republic
Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...
Nov 24, 2021 (Gmt+09:00)
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Pension funds
NPS rewards investment managers with hefty bonuses
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund with 930 trillion won ($781.8 billion) in total a...
Nov 24, 2021 (Gmt+09:00)
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Samsung, Korea Post create $336 mn overseas alternative investment fund
South Korea's largest insurance company Samsung Life Insurance Co. and state-run postal savings and insurance agency Korea Post’s insurance ...
Nov 23, 2021 (Gmt+09:00)
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Korean startups
Music copyright trading platform Musicow revitalizes Korea’s startup scene
“Music becomes Cashcow” is the slogan for Korea’s hottest startup of the year, Musicow, Inc., and cash cow it has been. Indus...
Nov 22, 2021 (Gmt+09:00)
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Korean startups
Resale platform Bunjang to raise funds at over $300 mn valuation
South Korea's leading resale platform Bungaejangter Inc., also known as Bunjang, will raise 83 billion won ($70 million) in fresh funding at a valua...
Nov 22, 2021 (Gmt+09:00)
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Supply chain
Korea Inc. braces for rising costs, supply chain risks, volatile FX
Hopes for improving corporate earnings are rising as countries around the world are relaxing their anti-COVID-19 measures, but South Korean companie...
Nov 22, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Korea Sindoh unveils cutting-edge 3D printer under new brand fabWeaver
Sindoh Co., South Korea’s top 3D printer maker, unveiled a state-of-the-art 3D printer under its new premium brand fabWeaver as it aims to exp...
Nov 18, 2021 (Gmt+09:00)
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Venture capital
Fractional investing platforms for art to Rolex lure VCs
The growing popularity of fractional investment in celebrated artworks, music copyrights and luxury items has spurred a flurry of venture capital in...
Nov 17, 2021 (Gmt+09:00)
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Biotech
Celltrion looks beyond biosimilars to develop its own mRNA drugs
South Korea’s Celltrion Inc. has long been a biosimilar player, producing replicas of original drugs, a growing market in the pandemic era.Ear...
Nov 16, 2021 (Gmt+09:00)
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Business & Politics
Samsung heir Lee on US trip for foundry investment, COVID vaccines
Jay Y. Lee, vice chairman and de facto leader of South Korea’s top conglomerate Samsung, has embarked on a business trip to North America to f...
Nov 14, 2021 (Gmt+09:00)
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Retail
SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...
Nov 11, 2021 (Gmt+09:00)
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Entertainment
DearU’s value nears YG Entertainment after strong Kosdaq debut
Shares of DearU Co., a K-pop fandom platform in South Korea, fell on Thursday, the day after a strong Kosdaq debut, which briefly put the company&...
Nov 11, 2021 (Gmt+09:00)
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Pension funds
NPS, Tishman form $1.5 bn JV to invest in US housing
The National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, and New York-based global real estate investment ...
Nov 10, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Snowflake’s entry into Korea to intensify cloud service competition
Snowflake Inc., a US big data cloud provider, on Wednesday announced its entry into the South Korean market with the opening of a local office, inte...
Nov 10, 2021 (Gmt+09:00)
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Banking & Finance
Citibank's exit from Korean retail market to cost up to $1.5 bn
Citigroup Inc. said on Monday its exit from South Korea's retail market was expected to cost between $1.2 billion and $1.5 billion, most of which wo...
Nov 10, 2021 (Gmt+09:00)
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E-commerce
MBK seeks to buy two S.Korean e-commerce platforms
MBK Partners is in talks to buy management rights of two e-commerce platforms listed on South Korea's Kosdaq market in a package deal, according to ...
Nov 09, 2021 (Gmt+09:00)
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Venture capital
Travel startups draw new funds amid digital transformation
As South Korea loosened social distancing measures for a gradual return to normal life this week, investors are rekindling their interest in travel ...
Nov 05, 2021 (Gmt+09:00)
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Earnings
Kakao becomes Korea’s top platform firm, besting archrival Naver
Kakao Corp., best known for South Korea’s top mobile messenger app KakaoTalk, has become the country’s top platform company in terms of ...
Nov 04, 2021 (Gmt+09:00)
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Oaktree Capital Management
[ASK 2021] Embracing ESG: The Challenge for Multi-Asset Managers
Embracing ESG: The Challenge for Multi-Asset Managers Discuss the complexities firms encounter when addressing ESG globally a...
Nov 03, 2021 (Gmt+09:00)
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Investment banking
Goldman promotes TMT banker to MD in Seoul
Goldman Sachs Group Inc. on Nov. 2 announced the promotions of two Korean executive directors in its Seoul office to managing directors (MDs), the b...
Nov 03, 2021 (Gmt+09:00)
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Alderwood Capital
[ASK 2021] The Case for Investing in the Asset Management Industry through GP Stakes
Founded in 2020 Alderwood is an investor in asset management GP stakes. The team behind Alderwood has invested together for 20 years, making it ...
Nov 02, 2021 (Gmt+09:00)
Latest News
- 1 Micron set to supply SOCAMM chips to Nvidia ahead of Samsung, SK Hynix
- 2 POSCO Future M breaks with China in cathode supply chain
- 3 GIC resumes Seoul Finance Center sale in potential megadeal
- 4 South Korea’s Lee, China’s Xi agree on closer ties, peace on Korean Peninsula
- 5 Invesco, SK D&D likely to buy co-living building in Seoul