Celltrion makes first step in streamlining governance structure

Celltrion makes first step in streamlining governance structure

South Korea’s pharmaceutical conglomerate Celltrion Group has made its very first step in reforming corporate governance structure by merging ...

SK Ecoplant to sell plant building business before IPO

SK Ecoplant to sell plant building business before IPO

SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is in advanced stages of talks with a consortium of South Korea-based IUM ...

Blockbuster startup IPOs curb NPS' VC diversification

Blockbuster startup IPOs curb NPS' VC diversification

South Korean startups' blockbuster initial public offerings over the past year, including Krafton Inc. and HYBE Co., have left the National Pension ...

Software giant Hancom joins space race with satellite launch

Software giant Hancom joins space race with satellite launch

South Korean software and ICT conglomerate Hancom Group will be the first private company in the country to launch a micro-satellite, or a satellite...

Bain Capital sells management rights of Hugel to GS-led group for $1.5 bn

Bain Capital sells management rights of Hugel to GS-led group for $1.5 bn

A consortium led by South Korea’s energy-to-construction conglomerate GS Group has acquired the country’s top botox maker Hugel Inc. fro...

3i's AI technology creates digital twins using smartphone photos

3i's AI technology creates digital twins using smartphone photos

Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...

Citibank Korea’s retail banking exit faces stumbling block

Citibank Korea’s retail banking exit faces stumbling block

The sale of Citibank Korea’s consumer banking business has hit a stumbling block as the South Korean unit of Citigroup Inc. postponed its boar...

POBA invites bids for $400 mn multi-asset mandates

POBA invites bids for $400 mn multi-asset mandates

South Korea's Public Officials Benefit Association (POBA) will commit $400 million to two multi-asset funds this year, in its first investment in th...

Korea's top online flea market startup value up to $2.6 bn

Korea's top online flea market startup value up to $2.6 bn

South Korea’s No. 1 online flea market operator Danggeun Market Inc. has increased its valuation to $2.6 billion as it raised $153 million fro...

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

Experts cast doubt on S.Korea’s $2 bn currency swap deal with Turkey

South Korea and Turkey have signed a $2 billion currency swap agreement to boost bilateral trade and strengthen cooperation in the financial sector,...

Hyundai Heavy aims to raise about $1 bn in Sept IPO

Hyundai Heavy aims to raise about $1 bn in Sept IPO

Hyundai Heavy Industries Co. is aiming to raise up to 1.08 trillion won ($940 million) in a South Korean initial public offering next month to finan...

LG Group to put facility management unit of S&I Corp. up for sale

LG Group to put facility management unit of S&I Corp. up for sale

South Korea’s LG Group will put the facility management division of its affiliate S&I Corp. up for sale amid talk that a sale of the unit ...

The art of the apology

The art of the apology

Apologies are a thorny topic for business executives and private individuals alike. How should a company or an organization issue an apology? On socia...

Korea’s Samyang to manage 30% assets globally by 2025

Korea’s Samyang to manage 30% assets globally by 2025

Samyang Group, a South Korean food and chemicals producer, aims to manage 30% of its total assets overseas by 2025, while fostering nutrition, medic...

Nexon founder resigns in top management reshuffle

Nexon founder resigns in top management reshuffle

South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...

Canada’s CPPIB promotes Suyi Kim to global head of private equity

Canada’s CPPIB promotes Suyi Kim to global head of private equity

The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...

GS Energy to sell half of thermal power plant unit to IMM

GS Energy to sell half of thermal power plant unit to IMM

GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...

POBA likely to invest €100 mn in Dutch lab developer

POBA likely to invest €100 mn in Dutch lab developer

South Korea's Public Officials Benefit Association (POBA) has decided to invest around €100 million ($120 million) in Kadans Science Partner, a...

RBW, label behind Mamamoo girl group, seeks Kosdaq listing

RBW, label behind Mamamoo girl group, seeks Kosdaq listing

RBW Inc., the label behind K-pop star Mamamoo, is looking to go public after HYBE Co., the music and entertainment agency behind BTS, made a big h...

NPS buys Australian building for $900 mn to diversify investment

NPS buys Australian building for $900 mn to diversify investment

South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...

Morgan Stanley tops S.Korea's H1 M&A league table

Morgan Stanley tops S.Korea's H1 M&A league table

Morgan Stanley topped South Korea's M&A advisor league table in the first half of this year, working on six buyout deals worth a combined 9.75 t...

Korean institutions ranked top US liquidity provider under 2020 TALF

Korean institutions ranked top US liquidity provider under 2020 TALF

South Korean institutional investors, including the Public Officials Benefit Association (POBA) and Yellow Umbrella Mutual Aid Fund, emerged as the ...

IMM Investment eyes $900 mn infrastructure fund launch

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...

AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager

AI edtech startup Buzzvil readies for 2022 listing; hires IPO manager

South Korea-based artificial intelligence startup Buzzvil is preparing to make a trading debut on the country’s junior bourse Kosdaq in the th...

Korea FoF manager widens offshore VC pool into UAE, Vietnam

Korea FoF manager widens offshore VC pool into UAE, Vietnam

The Korea Venture Investment Corp. (KVIC), a quasi-government agency established to support South Korean startups and venture capital industry, has ...

NPS gains timberland, Europe tech exposure in Q1

NPS gains timberland, Europe tech exposure in Q1

The National Pension Service has gained exposure to timberland and the European mid-market tech sector in the first quarter of this year, adding two...

ADT Caps hires IPO managers to speed up 2021 listing

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 ...

Citibank alludes to S.Korean retail business closure

Citibank alludes to S.Korean retail business closure

Citibank Korea will begin to examine ways to gradually liquidate its consumer banking business as it faces difficulties in selling the retail operat...

Shinhan REITs poised to buy Amazon logistics center

Shinhan REITs poised to buy Amazon logistics center

South Korea's Shinhan REITs Management Co. is poised to invest $93 million to buy a pre-completed fulfillment center in New Mexico, under a long-ter...

Reading the air

Reading the air

For the past 18 years I have worked in East Asia, four of them here in Korea and the last ten for the Swiss national trade and investment agency calle...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale