Yoon admin to expand KIC's fund management base

Yoon admin to expand KIC's fund management base

South Korea's new president Yoon Suk-yeol, who took office on Tuesday, is set to push the expansion of sovereign wealth fund Korea Investment Corpor...

SK Square taps NPS PE expert as global investment head

SK Square taps NPS PE expert as global investment head

South Korea’s investment firm SK Square Co. announced on Thursday that it has chosen Harvey Hakjin Bae, a former alternative investment expert...

Rebellions to join pre-unicorn list via Series A Funding

Rebellions to join pre-unicorn list via Series A Funding

Rebellions Inc., a South Korean AI-powered fabless startup, is in the final stage of the Series A Funding Round with 70 billion won ($54.9 million) ...

Affirma taps NPS executive as private credit head

Affirma taps NPS executive as private credit head

Singapore-based private equity firm Affirma Capital has founded an affiliate for private credit management and tapped Kim Seong-mok, a former execut...

Fabless startup FADU eyes unicorn status with $157 mn funding

Fabless startup FADU eyes unicorn status with $157 mn funding

FADU Technology, a fabless startup that develops architecture for solid-state drive (SSD) controllers and storage products, is seeking to raise 200 ...

Quantum computing firm IonQ hit by short seller report

Quantum computing firm IonQ hit by short seller report

IonQ Inc., a US-listed quantum computing firm, has become a new target of short selling-focused Scorpion Capital, taking a hit from the US hedge fun...

Startup accelerator Klim Ventures secures $4 mn in bridge capital

Startup accelerator Klim Ventures secures $4 mn in bridge capital

South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...

Online education startup Day 1 Co. completes $28 mn Series D funding

Online education startup Day 1 Co. completes $28 mn Series D funding

Education content provider Day 1 Company announced Thursday it has completed a Series D funding worth 35 billion won ($28 million.)A number of ventu...

KDB resumes global venture IR event in Singapore

KDB resumes global venture IR event in Singapore

South Korea’s state-run Korea Development Bank (KDB) said on Thursday that KDB NextRound, the bank’s venture investment platform, will h...

NPS’ shareholder meeting vetoes cast pall on its profitability

NPS’ shareholder meeting vetoes cast pall on its profitability

National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...

Fortune-telling app receives $4 mn in Altos Ventures-led Series A funding

Fortune-telling app receives $4 mn in Altos Ventures-led Series A funding

Chunmyung and Company, the operator of its namesake fortune-telling app, announced on Tuesday it has secured Series A funding worth five billion w...

Global pension funds veto more of Korean firms' agendas

Global pension funds veto more of Korean firms' agendas

Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...

CJ, Samsung to launch $600 million e-commerce logistics fund

CJ, Samsung to launch $600 million e-commerce logistics fund

CJ Logistics and an affiliate of Samsung Life Insurance have joined forces to launch a real estate investment fund worth 740 billion won ($600 milli...

SK Ecoplant's pre-IPO enjoys attention from wealthy individuals

SK Ecoplant's pre-IPO enjoys attention from wealthy individuals

The pre-initial public offering of SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is becoming a hot topic in private bank...

US and German startups funded by Mirae Asset join ranks of unicorns

US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

Korea Post to hire two GPs for global infrastructure debt

Korea Post to hire two GPs for global infrastructure debt

  Korea Post, South Korea's state-run postal service agency, said on April 14 that its insurance arm will select two asset managers for a maxi...

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

US hedge fund urges SK to focus on share buybacks

US hedge fund urges SK to focus on share buybacks

US hedge fund Dalton Investments LLC has urged SK Inc., the holding company of South Korea’s SK Group, to focus more on share buybacks and can...

Korea Post to tap two GPs for global PE secondaries

Korea Post to tap two GPs for global PE secondaries

Korea Post, South Korea's state-run postal service agency, said on April 6 its savings arm will choose two asset managers for two closed-end comming...

Lessons learned from activist fund’s KAL exit

Lessons learned from activist fund’s KAL exit

Activist fund Korea Corporate Governance Improvement Fund (KCGI) recently exited its investment in Hanjin KAL Co., the parent company of Korean Air ...

KTCU, CalSTRS to launch $505 mn JV for US warehouses

KTCU, CalSTRS to launch $505 mn JV for US warehouses

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

Mid-cap, small-cap outperform large-cap stocks in Q1 2022

Mid-cap, small-cap outperform large-cap stocks in Q1 2022

South Korea’s mid-cap and small-cap shares outperformed large-cap stocks during the first quarter of 2022 as some glitzy initial public offe...

Activist fund wins over K-pop pioneer at SM Entertainment annual meeting

Activist fund wins over K-pop pioneer at SM Entertainment annual meeting

South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-a...

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung Group’s 150 billion won ($124 million) Life Science Fund launched last year has chosen a leading US gene therapy development company a...

Koreans return to foreign stock funds for bargain hunting

Koreans return to foreign stock funds for bargain hunting

South Korean funds for overseas stock investments enjoyed the return of money to buy growth shares in the US on dips this year, while local investor...

Daewoo E&C jointly creates $400 mn fund for overseas M&As

Daewoo E&C jointly creates $400 mn fund for overseas M&As

Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equity firm IMM Investme...

Korean activist fund KCIG to sell Hanjin KAL stake to local builder

Korean activist fund KCIG to sell Hanjin KAL stake to local builder

South Korea’s activist fund Korea Corporate Governance Improvement Fund (KCGI) has decided to sell its stake in Hanjin KAL, the holding compan...

GEPS posts 19.4% return from alternative investment in 2021

GEPS posts 19.4% return from alternative investment in 2021

Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...

Service robot maker Bear Robotics raises $81 mn in Series B

Service robot maker Bear Robotics raises $81 mn in Series B

South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race