CalSTRS, Korea's KTCU consider launching 2nd real estate JV

CalSTRS, Korea's KTCU consider launching 2nd real estate JV

The Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and the California State Teachers' Retire...

Shinhan Card ties up with FiscalNote for global data biz

Shinhan Card ties up with FiscalNote for global data biz

Shinhan Card Co. has joined forces with US legal data and analytics company FiscalNote Holdings Inc. to expand its data business into the global mar...

Com2uS announces plans to build real-life-like metaverse platform

Com2uS announces plans to build real-life-like metaverse platform

South Korea’s Com2uS Studios, the creator of the popular game Summoners War, said on Thursday it will unveil a real-life-like metaverse platfo...

Korea's NPS upped alternative investment by 33% in 2021

Korea's NPS upped alternative investment by 33% in 2021

The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...

Hanwha Life to spur global real estate investment via US subsidiary

Hanwha Life to spur global real estate investment via US subsidiary

South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...

TiumBio inks licensing deal with China's Hansoh for endometriosis drug

TiumBio inks licensing deal with China's Hansoh for endometriosis drug

South Korean biotech TiumBio Co. has signed a technology transfer agreement of its endometriosis and uterine myoma treatment candidate with China&rs...

Korea's Vestas launches second $231 mn European warehouse fund

Korea's Vestas launches second $231 mn European warehouse fund

South Korea’s Vestas Investment Management Co. has created a 300 billion won ($231.2 million) blind pool fund for Europe-based logistics cente...

Korean firms rush to sell real estate to raise cash

Korean firms rush to sell real estate to raise cash

South Korean companies are selling real estate and subsidiaries to raise cash as accelerating inflation, rising interest rates and the soft won all ...

Development will outperform in post-COVID era: Principal Real Estate

Development will outperform in post-COVID era: Principal Real Estate

Real estate is in the global investor spotlight amid skyrocketing inflation. However, not all property sectors or locations will offer the same infl...

Commercial real estate market in Seoul shrinks in H1 2022

Commercial real estate market in Seoul shrinks in H1 2022

The commercial real estate market in Seoul slowed this year, according to a report by South Korean online property platform RSquare. The sum of the ...

Korean firms eye alternative assets for safer investments, survey finds

Korean firms eye alternative assets for safer investments, survey finds

South Korean corporates are increasingly eyeing alternative assets seeking downside protection amid interest rate hikes and equity and bond price dr...

Hyundai Doosan Infracore to develop hydrogen engines for commercial use

Hyundai Doosan Infracore to develop hydrogen engines for commercial use

Hyundai Doosan Infracore Co., a South Korean construction equipment company, said on June 26 that it will start a state-run project to develop hydro...

Residential, urban logistics in Europe are attractive: Patrizia

Residential, urban logistics in Europe are attractive: Patrizia

Despite a number of global market uncertainties, there is value in real assets where rental income grows faster than inflation, Mahdi Mokrane, head ...

Naver to enter smart building market with 5G, AI robots

Naver to enter smart building market with 5G, AI robots

South Korea’s online portal giant Naver Corp. is set to enter the local smart building market with its cloud-based 5G networks and artificia...

Hyundai Engineering, USNC to build micro reactor in Canada

Hyundai Engineering, USNC to build micro reactor in Canada

Hyundai Engineering Co., the plant engineering and construction unit of South Korea’s Hyundai Motor Group, and Ultra Safe Nuclear Corp. (USNC)...

Korean firms increase share in domestic office market

Korean firms increase share in domestic office market

The International Finance Center in Seoul (IFC Seoul) drew interest from only six bidders at the end of last year, and Singapore-based ARA Korea was...

Virtual humans expand territory in real world

Virtual humans expand territory in real world

Virtual humans are taking an active part in the real world, expanding their influence in various sectors such as advertising, music, commerce and ed...

Korean real estate investors look to secure liquidity post-pandemic

Korean real estate investors look to secure liquidity post-pandemic

South Korean real estate investors prefer liquidity and stable payback on investment, as well as investing in debts amid market uncertainty. The lim...

Former NPS real estate chief named Allianz RE's Asia head

Former NPS real estate chief named Allianz RE's Asia head

Kim Hyun-soo, a former real estate investment head of South Korea's National Pension Service (NPS), has been named Asia head of Allianz Real Estate,...

Hyundai Card shelves IPO after Fubon buys 20% stake

Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...

KFCC to focus on ESG values in real asset investment

KFCC to focus on ESG values in real asset investment

The Korean Federation of Community Credit Cooperatives (KFCC), a South Korean community bank managing 70 trillion won ($55.1 billion) in assets, is ...

SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz

SK ties up with Bill Gates’ TerraPower for small nuclear reactor biz

SK Group, South Korea’s No. 2 conglomerate, joined hands with TerraPower, an advanced nuclear power venture founded by billionaire Bill Gates,...

Korea's top real estate managers bulk up assets in COVID-19

Korea's top real estate managers bulk up assets in COVID-19

Real estate funds in South Korea have increased by 27% to 130 trillion won ($101.4 billion) from 102 trillion won over the past two years, accordi...

LG’s telecommunication unit joins UAM race in Korea

LG’s telecommunication unit joins UAM race in Korea

LG Group’s telecommunication unit joined the race for South Korea’s urban air mobility (UAM) to secure a future growth engine in coopera...

POBA targets PE in tech, bio, healthcare in long term, CIO says

POBA targets PE in tech, bio, healthcare in long term, CIO says

Public Officials Benefit Association (POBA) of South Korea will keep its focus on steady cash flow while strengthening profitability, its Chief Inve...

Samsung Elec. proposes global research for 6G frequencies

Samsung Elec. proposes global research for 6G frequencies

Samsung Electronics Co., South Korea’s tech behemoth, has put forward global research on 6G service frequencies as it aims to take the lead in...

IGIS, KKR to found JV for real estate investment in Korea

IGIS, KKR to found JV for real estate investment in Korea

US private equity investment giant KKR & Co. and IGIS Asset Management Co., the largest real estate fund manager in South Korea, will set up a j...

Blackstone taps ex-Citibank Korea CEO as Seoul office head

Blackstone taps ex-Citibank Korea CEO as Seoul office head

The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...

Hyundai opens world's first UAM takeoff, landing area in UK

Hyundai opens world's first UAM takeoff, landing area in UK

South Korea's Hyundai Motor Group has opened the world's first urban air mobility (UAM) takeoff and landing area in central England.Supernal LLC, Hy...

73% of LPs to ramp up global warehouse investment

73% of LPs to ramp up global warehouse investment

Key asset owners of South Korea are eyeing logistics centers and multifamily housing for real estate investing while planning to reduce exposure to ho...

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