Polar Asset joins NPS' hedge fund managers in Q3

National Pension Service (NPS) of South Korea selected Toronto-based Polar Asset Management Partners Inc. as a new mandate of hedge fund managers in t...

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

SK’s holding firm completes merger with materials arm

SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...

S.Korea to build solar power plants in Chile for $130 mn

South Korea is planning to build solar photovoltaic power plants in Chile, investing $130 million, in a move to help local companies expand their re...

SEMA to increase Asia-based infra assets, CIO says

Korea Scientists and Engineers Mutual-Aid Association (SEMA), one of the fastest-growing retirement pension fund in South Korea, will increase inf...

Sustainable packaging firm SUPASO wins grant, office space via D.DAY event

D.CAMP, Korea’s non-profit foundation focused on helping young entrepreneurs, has joined forces with SK ecoplant Co., Ltd. to find promising...

Lotte Chemical seeks to acquire Japanese specialty chemical firms

Lotte Chemical Corp. is seeking to acquire major stakes in a few specialty chemical companies in Japan as the South Korean company aims to expand it...

K-bio's out-licensing this year reaches $9.3 bn

Overseas technology transfers from South Korean biotechs and pharmaceutical manufacturers this year have exceeded 11 trillion won ($9.3 billion), al...

Kyobo Life resumes IPO push amid protracted dispute with investors

Kyobo Life Insurance Co., South Korea’s third-largest life insurer, is resuming its push for an initial public offering amid a protracted lega...

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...

Hyundai Motor Group seeks to buy Korea waste treatment firm

Hyundai Engineering Co., Hyundai Motor Group’s construction arm, has joined the race to buy a South Korean garbage treatment company as the gr...

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...

Korean auto parts makers call for govt financial support

Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...

Seoul commits $204 mn to attract foreign-invested firms by 2026

Foreign-invested enterprises (FIEs) to be set up in Seoul, South Korea from 2022 will receive increased incentives and reduction in office rent, acc...

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 ...

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...

Orchestra PE buys Korean pizza brand Banolim

Orchestra Private Equity set up Orchestra Private Equity IV (OPE IV) to invest $32 million in Korea’s pizza chain operator Banolim Food Co. an...

Legal data firm FiscalNote to list on Nasdaq via $1.3 bn SPAC deal

FiscalNote Holdings Inc., a US legal data and analytics company founded by a Korean-American, is set to go public in a deal valued at $1.3 billion. ...

Pulmuone to expand alternative meat business in the US

South Korea’s major food company Pulmuone. Co. is slated to expand sales of its in-house developed meat alternatives in the US market. The foo...

CJ Cheiljedang to acquire Dutch bio firm Batavia for 195 million euros

CJ Cheiljedang Corp., a key subsidiary of South Korea’s food and entertainment conglomerate CJ Group, said on Monday it is acquiring Batavia B...

Hyundai Oilbank to develop eco-friendly e-fuels with Danish firm

Hyundai Oilbank Co. plans to develop eco-friendly electrofuels, or e-fuels, jointly with Denmark's Haldor Topsoe as the South Korean oil refiner has...

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 ...

LG, CJ join other Korean firms to run offices in Washington

WASHINGTON D.C. – South Korea’s major business conglomerates are heading to Washington D.C. to run offices handling regulatory and gover...

Shinhan Financial acquires BNP Paribas Cardif General Insurance

Shinhan Financial Group has acquired BNP Paribas Cardif General Insurance, the non-life insurance unit of French banking group BNP Paribas in a move...

Korea Aerospace Industries, Airbus to jointly enter satellite business

Korea Aerospace Industries Ltd. and Airbus SE, a European multinational aerospace company, are jointly entering the satellite business to capture ...

What to do with office buildings is biggest concern: POBA CIO

South Korea's Public Officials Benefit Association CIO Jang Dong-hun said on Wednesday that in the pandemic situation, POBA's real estate investment...

SK Inc. to invest $102 million in China’s copper foil firm Lingbao Wason

SK Inc., the holding and investment company of South Korea’s SK Group, plans to invest 120 billion won ($102 million) in China’s Lingbao...

EQT to open Seoul office by yr-end to source Korean deals

EQT Partners will be opening its Seoul office this year for the first time, as the Swedish private equity firm is preparing to source deals in South...

S.Korean companies stockpile record-level dollar holdings

South Korean companies have built up their dollar holdings to record levels, following record-breaking shipment growth this year, as rising raw mate...

Korean VC firms expand investment in Southeast Asia

South Korean venture capital firms are expanding their investment in Southeast Asia,  where startups grow rapidly based on a large population.K...