Firms vie to become Krafton's $883 mn IPO manager

A competitive lineup of securities firms gathered at game developer Krafton Inc.'s office building in Pangyo, Gyeonggi province on Oct. 21 to pitch fo...

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...

KED to host alternative investment summit for Korean, global asset managers

The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...

Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds

The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, has entrusted two Korean asset managers ...

Credit Suisse lead-manages Doosan Group’s restructuring deals

Credit Suisse handled three restructuring deals worth a combined 1.2 trillion won ($1 billion) for South Korea’s Doosan Group and 1.5 trillion w...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

NPS to cease paying management fees for Korean PEF project funds

The National Pension Service has decided to stop paying management fees for project funds to be launched by South Korean private equity firms, after r...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

Mirae Asset to launch $252 mn Europe infrastructure fund

Mirae Asset Global Investments Co. is preparing to launch a 300 billion won ($252 million) vehicle to invest in a European infrastructure fund.Accordi...

NPS adds six global alternative investment managers in Q2

The National Pension Service has added three real estate investment firms, two infrastructure managers and one private equity and debt investment hous...

KKR to expand Korea waste management portfolio to sewage treatment

KKR & Co. is set to acquire a non-controlling stake in a South Korean sewage management company in a deal worth up to 200 billion won ($170 millio...

Korea's largest tiremaker mired in family feud over management control

South Korea’s largest tire manufacturer Hankook Tire & Technology Co. is in the crosshairs as the family feud over management control o...

KKR wraps up $739 mn purchase of Korean waste management firms

KKR & Co. of the US has finalized the 875 billion won ($739 million) purchase of two South Korean waste treatment companies after completing its f...

[RFP] POBA seeks two global fixed-income managers for $350 mn mandate

South Korea's Public Officials Benefit Association (POBA) plans to allocate a combined $350 million to two global fixed-income investment companies, i...

Hanon Systems eyes top spot in world’s car thermal management system market

Hanon Systems Corp., a South Korean auto parts maker, said on Wednesday it aims to become the world’s top supplier of automotive thermal and ene...

India’s Mahindra willing to give up management rights in Ssangyong Motor

India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...

NPS creates active management team for overseas traditional assets

The National Pension Service will set up teams in its overseas offices to directly handle active investments in traditional assets such as equiti...

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial Group, one of Korea's largest financial holding firms, has reached out to asset management companies that are well-versed ...

Mirae Asset co-leads $100 mn financing for China’s biotech startup

Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...

NPS adds Select Equity to single-manager hedge fund roster in Q1

New York-based Select Equity Group joined the roster of the National Pension Service’s (NPS) global alternative investment companies as a single...

Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales

Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...

Midas Asset acquires German logistics portfolio for $217 mn

Seoul-based Midas Asset Management has acquired three logistics assets in Germany, including an Amazon-leased facility, for 200 million euros ($217 mi...

Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang

Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...

Mirae Asset says no financing problem with closing $5.8 bn hotels deal

Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...

Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch

Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...

POBA eyes distressed assets; reduces office buildings exposure

The Public Officials Benefit Association (POBA) will aggressively chase distressed assets to take advantage of the recent market downturn, while scali...

Mirae Assets logs 150% return from German biotech startup exit

Mirae Asset Daewoo Co. Ltd. has earned a 150% return on a $15 million investment in German biotechnology firm BioNTech SE in nine months, securing $22...

Mirae Asset leads $23 mn funding for Indian food delivery startup

Mirae Asset Daewoo Co. Ltd. has led a $23 million investment in Indian food delivery platform Swiggy by South Korean companies in their first investme...

NPS makes first single-manager hedge fund investment with $810 mn

The National Pension Service committed about 1 trillion won ($810 million) to four global hedge fund houses in 2019, in its first investment in single...

BlackRock dropped from NPS’ property investment manager pool

BlackRock, the world’s largest asset manager, has been excluded from the National Pension Service’s 49-strong group of global real estate ...