[Upcoming IPO] Korean fuel-cell tank maker Iljin Composites gears up to become industry champion

The production of fuel-cell tanks is in full swing at Iljin Composites' factory, a restricted area tightly guarded with strict identification controls...

KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report

KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...

Tiger Alternative near closing $247 mn Home Depot logistics center deal: report

Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...

Naver Webtoon becomes industry's first to post over $2.5 mn for daily paid-content

Naver Webtoon has become the industry's first to post over 3 billion won ($2.5 million) for daily paid-content as of August 2, breaking its own r...

Korean travel platform My Real Trip raises $36 million amid sluggish travel industry

My Real Trip, Korea’s leading online travel platform, has received 43.2 billion won ($36 million) in funding from domestic and overseas investor...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Hyundai, Hankook Tire may rebuild relations with new test-driving center

Hyundai Motor Group has reached a tentative agreement to build the country’s biggest test-driving center at a new tire testing facility of Hanko...

Sovereign wealth funds to boost post-Covid-19 cooperation: KIC

Chief executives of sovereign wealth funds, including China Investment Corp. and Singapore’s GIC, and leading financial institutions have discus...

Shinhan backs AMP Capital’s $763 mn US data center acquisition

Shinhan Investment Corp. has provided 194.1 billion won ($162 million) in financing for AMP Capital’s 911 billion-won ($763 million) acquisition...

Start-up takes stab at lithium-ion industry

What do artificial intelligence (AI) and self-driving vehicles have in common? They're both energy guzzling machines.This reason alone makes battery a...

Macquarie tipped to buy Korea’s top industrial gas producer for $2.2 bn

Macquarie Group has approached MBK Partners to acquire Daesung Industrial Gases Co. Ltd. and offered around 2.5 trillion won ($2.2 billion) for full o...

Industrial, multifamily seen to shine on rent growth: Ares

Industrial and multifamily real estate sectors are poised to benefit from a growing trend of renting spaces in the long term after supply growth slowe...

Samsung Sec buys Amazon logistics center in Czech for $160 mn: report

Samsung Securities Co. Ltd. has bought Amazon’s only logistics center in Czech Republic for 186 billion won ($160 million), in its fourth acquis...

Samsung Sec to cooperate with Canada pension fund for infrastructure deals

Samsung Securities Co. Ltd. has signed a preliminary agreement with Canadian pension scheme La Caisse de dépôt et placement du Québec (CDPQ) to cooper...

Hana Fin, CIC to set up $1 bn Korea-China cooperation fund

Hana Financial Group will set up a joint fund with China Investment Corp. (CIC) to invest in companies seeking to penetrate each other’s markets, with...

Credit Suisse-led fund buys Korean logistics centers for $104 mn

A fund led by Credit Suisse Asset Management’s real estate investment arm has acquired two logistics centers in South Korea for 120 billion won ($104 ...

KIC, Korea Post to boost cooperation in global investment

Korea Investment Corporation (KIC) has reached a tentative agreement with Korea Post to strengthen cooperation in global investment as the sovereign w...

Invesco to build $186 mn modern logistics center in Korea

Invesco will put 208 billion won ($186 million) into a modern logistics center development near Seoul, betting on the fast-growing online delivery mar...

Mirae Asset buys Amazon-leased US distribution center for $78 mn

Mirae Asset Daewoo Co. Ltd. has closed a $78 million acquisition of an Amazon-occupied new distribution center near Atlanta, funded partly by a senior...

Korean credit cooperatives picks seasoned insurance asset manager as CIO

MG Korean Federation of Community Credit Cooperatives, which manages $50 billion of assets, named Sang-hun Kim, a former managing director and head of...

Mirae Asset close to buying Carrefour-leased new logistics center in Poland

Mirae Asset Global Investments Co. Ltd., a leading South Korean asset manager, is close to acquiring a new logistics center in Poland for an estimated...

Malaysia pension fund buys Korean logistics center for $70 mn: report

Malaysia’s Employees Provident Fund (EPF) has closed the acquisition of a logistics center near Seoul for around 75 billion won ($67 million) in its f...

Deutsche Bank resells $60 mn Transtelco debt to Korean credit cooperative

Deutsche Bank has resold $60 million in senior secured debt of Transtelco Inc., a fiber optic services provider in the US and Mexico, to MG Korean Fed...

Blackstone, Kuwait fund among bidders for NPS’ Sony Center in Berlin: report

Blackstone, Kuwait Investment Authority (KIA) and three property investment firms are vying for Sony Center in Berlin which South Korea’s National Pen...

Korean brokerage firms buy two UK logistics centers for $240 mn

Two South Korean brokerage firms – KB Securities Co. Ltd. and Kiwoom Securities Co. Ltd. – have teamed up to buy a logistics center for 167 billion wo...

MBK beats TPG to buy Korean industrial gas supplier for $1.7 bn

MBK Partners, Asia’s biggest private equity firm, has offered close to 2 trillion won ($1.7 billion) to buy South Korea’s second-largest industrial ga...

Blackstone may inject $200 mn into Korea fund for 6~7 logistics center purchase

The Blackstone Group L.P. is understood to commit about $200 million to a South Korean fund to finance its 70 billion won ($59 million) acquisition of...

Korean firms complete $320 mn financing for Newark Energy Center of US

South Korean insurance firms and other institutions have committed a total of $250 million to a local fund set up to provide senior loans to Newark En...

LG CNS develops code-generative AI solution

LG CNS, South Korea's leading information technology services provider, announced on Wednesday the development of AI Coding, an innovative code-gene...

Blight of failing e-commerce startups in South Korea

Linkshops, once touted as one of the next unicorn candidates in South Korea, bankrupted last month even after garnering 15.4 billion in funding from...