Military Mutual picks ex-Lotte Non-Life CIO as investment chief

The Military Mutual Aid Association (MMAA), an $11 billion savings fund for South Korean military officers and personnel, said on Monday it has name...

Korean pension funds eye non-core global real estate

South Korea's Government Employees Pension Service (GEPS), Public Officials Benefit Association (POBA) and Military Mutual Aid Association (MMAA) ar...

Woori Financial takes over Franklin Templeton’s retail fund business

Woori Financial Group has been selected to acquire Franklin Templeton Investments’ retail fund business in South Korea, less than a month sinc...

LG Chem to invest $134 mn in incubator fund for firms with ESG tech

LG Chem Ltd., South Korea’s leading chemical and battery maker, said on Tuesday it is investing 150 billion won ($134 million) in an incubator...

Food tech startup Sir.LOIN seeks Series B funding; valuation to top $40mn

South Korea-based food tech company Sir.LOIN Inc. is seeking Series B funding in the range of 10 billion won as industry watchers project the startu...

Ex-police fund CIO picked to lead Yellow Umbrella Mutual

Lee Do-yoon, a former chief investment officer of South Korea's Police Mutual Aid Association (PMAA), has been named as CIO of the Yellow Umbrella M...

LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which...

Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai

South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...

Templeton to pull out of Korean retail fund market

Franklin Templeton Investments' South Korean arm is in talks with a domestic asset management company to sell its retail operations, following Black...

KOTAM raises $185 mn for BlackRock's new energy fund

Korea Transportation Asset Management (KOTAM) has raised $185 million from five domestic institutional investors to commit to BlackRock's new renewa...

Korean govt pension to commit $105 mn to 3 global infra funds

South Korea's Government Employees Pension Service (GEPS) will commit $105 million to three global infrastructure funds this year, targeting a net i...

Copper foil maker raises $700 mn funding to build Europe plant

South Korea's Iljin Materials Co., which produces copper foils for rechargeable batteries and printed circuit boards (PCBs), has received 800 billio...

Korean funds, firms eye jackpot from Grab’s Nasdaq listing

South Korea’s National Pension Service (NPS), other state-run savings funds and big companies are expected to pocket decent gains from their...

Korean teachers' fund reaps best return since 2009

The Korean Teachers' Credit Union (KTCU) achieved its highest investment return in 11 years of 10% in 2020, led by substantial gains from domestic e...

BlackRock sheds $620 mn Korean retail fund business

BlackRock Inc., the world’s largest asset manager, has sold its retail business in South Korea to a small domestic investment firm to concentr...

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...

Korean military fund to double average investment size

South Korea’s Military Mutual Aid Association (MMAA) intends to nearly double its average investment size to 100 billion won ($88 million) as ...

Korea's global real estate fund investors brace for losses

The combined balance of overseas real estate investment funds sold in South Korea saw a drop in their net asset value below the original value by 40...

Korea VC FoF seeks offshore VC funds to commit $66 mn

The Korea Venture Investment Corp. (KVIC), which manages funds of venture capital funding vehicles, will pick offshore VC funds to commit around 75 ...

SK Holdings, China’s Geely launch $300 million future mobility fund

South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...

KIC, Korean pension funds in hunt for new C-level execs

South Korea's Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth f...

NPS commits $500 mn to Blackstone life science property fund

The National Pension Service has committed $500 million to Blackstone's new life science real estate fund that is expected to raise over $12 billion...

Offshore fund registration delays put asset managers in bind

South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...

Korea’s military fund looking for new financial division chief

South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...

China logistics firms yield decent returns for Korean investors

MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese l...

US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off

US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...

Yellow Umbrella Mutual to deploy $135 mn to blind pool funds in 2021

South Korea's Yellow Umbrella Mutual Aid Fund will commit about 120 billion to 150 billion won ($108 million-$135 million) to blind pool funds of ve...

NPS makes first investment in timberland via UK fund

The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...

Korean banks fund alternative deals with $540 mn loans via KIC

South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...