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

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

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...

Art auction sales in Korea soar to highest point since 2008 financial crisis

South Korea’s art market is facing the biggest boom since the global financial crisis, drawing wealthy investors and art enthusiasts alike. Se...

Hyosung, Linde kick off building world’s largest liquid hydrogen plant

Hyosung Group has once again made a key step forward in achieving its long-term ambition to become South Korea’s corporate leader in the hydro...

SK Group mulls investing $100 mn in Vietnam's Pharmacity

SK Group is in the final stages of negotiations to invest $100 million in Vietnam's largest pharmacy chain, Pharmacity, as part of the South Korean ...

LG Energy supplies batteries to world’s largest Vistra ESS project

South Korea’s LG Energy Solution Ltd. is supplying batteries to the world’s largest energy storage system (ESS) project operated by US p...

GS Energy to create renewable JV with Spain’s Iberdrola

South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...

Govt pension fund to ease due diligence to revive global deals

South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...

IMM Investment eyes $900 mn infrastructure fund launch

IMM Investment Corp., a South Korean alternative investment firm, is planning to raise 1 trillion won ($900 million) for its new infrastructure fund...

Blackstone-invested handbag maker Simone applies for IPO review

South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...

SKT to spin off; 5-for-1 stock split in November

South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...

Naver-invested startups' combined valuation increases sixfold; tops $1 bn

 The combined valuation of some 70 tech startups that received funding from the platform giant Naver Corp. has reached around 1.3 trillion won ...

KB Investment CEO says VC boom shouldn't be dismissed as mere bubble

South Korea-based venture capital firms are likely to see rankings shift once the glory days of lucrative exits in a liquidity-driven market are gon...

LG Energy Solution applies for IPO seen to raise over $9 bn

LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...

LG Energy, POSCO invest $15 mn in Aussie battery material supplier

South Korea’s LG Energy Solution Ltd. and POSCO have agreed to invest a combined 17 billion won ($15 million) in Australia's Queensland Pacifi...

LG Innotek eyes record profit, revenue on strong camera module sales

LG Innotek Co., a major camera module supplier for Apple Inc.’s iPhones, is looking to post a record operating profit and sales this year as i...

ADT Caps hires IPO managers to speed up 2021 listing

ADT Caps Co., South Korea's No. 2 security services provider, has appointed Morgan Stanley, Credit Suisse and NH Investment & Securities Co. to ...

KDB bets big on fintech platform Toss ahead of 2023 IPO

The Korea Development Bank (KDB) has decided to invest 80 billion won ($72 million) in the fintech startup Toss via a rights offering. This marks th...

SK invests in the US 'turquoise' hydrogen maker Monolith Materials

SK Inc., the holding and investment company of SK Group, has made another big investment in the US hydrogen segment.On Jun. 3, SK said that it bough...

Madison Capital Funding raises $460 mn from Korea

A private debt fund managed by Madison Capital Funding, a US middle-market lender, has received a combined $460 million in commitments from seven So...

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...

Hana, ECP signs $300 mn infra investment partnership

South Korea's Hana Financial Investment Co. has signed a $300 million strategic partnership with US energy infrastructure-specialized firm ECP to in...

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...

CPPIB says no negative screening for ESG investing

The Canada Pension Plan Investment Board (CPPIB) does not carry out negative screening to exclude companies and sectors that do not comply with envi...

Money flowing into fast-growing sneaker resale market

South Korea-based online fashion platform Musinsa has spun off its sneaker resale platform SoldOut to create a subsidiary named SLDT, alongside secu...

Masayoshi Son-led SoftBank to invest $2 bn in Yanolja

Vision Fund, led by billionaire SoftBank founder Masayoshi Son, has decided to invest around $2 billion in South Korea's largest travel platform Yan...

Hilton Seoul likely to be transformed into office

Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...

STIC Ventures invests $2 mn in Vietnamese logistics startup EcoTruck

South Korea-based venture capital firm STIC Ventures has recently invested $2 million in a Vietnamese logistics startup EcoTruck, a move aimed at bo...