CVC names ex-Affinity Equity top manager as Korea head
CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...
Evercore joins as advisor for S.Korea’s Hanon Systems stake sale
Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...
Hankook Tire to sell stake in Hanon Systems, eyes $900 mn gains
South Korea’s Hankook Tire & Technology Co. plans to divest of its 19.5% stake in Hanon Systems Corp., an auto parts maker, in a move that...
BofA replaces Korea IB head, country manager
Bank of America Merrill Lynch (BofA) has named managing director Cho Chanhee as its South Korean investment banking head to replace Park SeungGu who...
Hyundai Motor chair says to upgrade incentive, promotion systems
The Hyundai Motor Group will upgrade its performance-based incentive and promotion systems to the global levels to compensate its top performers and...
Hyundai Motor to introduce batch production system at local plant
South Korea’s Hyundai Motor Co. is considering introducing a new factory idea for its major local plant aimed at better responding to rising m...
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...
Hyundai Heavy hires Korea Investment, 4 others as IPO managers
South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...
NPS adds APG, IFM Investors, Thoma Bravo as managers in Q4
The National Pension Service (NPS) has entrusted funds to three overseas alternative investment firms newly hired in the fourth quarter of last year...
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Coupang likely to get $1 bn credit line from IPO managers
South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
Korean LPs pick their 44 favorite alternative managers
Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...
Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...
Samsung Elec steps up efforts for river management
Semiconductor manufacturing plants use an enormous amount of water, earning the semiconductor industry the nickname of "a thirsty business." Samsung...
Hanwha Systems to invest $30 mn in US communications firm Kymeta
Hanwha Systems Co., the defense industry arm of Hanwha Group, has decided to invest 33.2 billion won ($30 million) in Kymeta Corp., a US satellite c...
Korea’s cloud management firm Bespin Global considers Nasdaq listing
Bespin Global, a South Korean cloud technology consulting and management company, is considering listing its shares on the US tech-heavy Nasdaq mark...
POBA seeks new global REIT manager for $100 mn mandate
South Korea’s Public Officials Benefit Association (POBA) will select a new global real estate investment trust (REIT) management firm to inve...
NPS adds KKR, two global alternatives managers in Q3
The National Pension Service has added KKR and Sydney-based Scape Australia Management to its pool of 54 global real estate investment managers in...
Fadu, Mobilint emerge as S.Korea's system chip startup dark horses
South Korea's two semiconductor startups, Fadu Inc. and Mobilint, have emerged as the country's system chip industry dark horses as their competitiv...
Top Korean travel startup Yanolja taps 2021 IPO managers
South Korea’s largest travel platform Yanolja has mandated Mirae Asset Daewoo Co. and Samsung Securities Co. to handle its initial public offe...
Market rally double-edged sword for fund managers as investors exit
The South Korean stock market’s recent rally is both a blessing and a curse for fund managers as investors are increasingly exiting their funds ...
Hanwha Systems unveils Butterfly, personal air vehicle mockup
Hanwha Systems Co., a defense and information technology service unit of Hanwha Group, on Wednesday unveiled the mockup of its personal air vehicle (P...
Hyundai Motor to install Nvidia’s in-vehicle system in entire fleet from 2022
Hyundai Motor Group will use US chipmaker Nvidia Corp.’s in-vehicle information and entertainment system for its entire fleet of Hyundai Motor C...
Bluespace.ai to develop autonomous mass transit system in Seoul
Bluespace.ai, a San Jose-based autonomous driving startup, is looking to develop a software system for autonomous mass transit fleets in Seoul and its...
NPS to manage FX exposure via derivatives
The National Pension Service will begin to manage foreign currency risk through derivatives trading, as the $690 billion pension fund is aiming to boo...
Why Korea struggles to manage the US, China
As the United States and China fight like proverbial whales in the ocean, middle power dolphins like South Korea must strategize to avoid being crushe...
Transparency, GP commitment key in Korea LPs' manager selection
South Korea’s leading institutional investors, including the National Pension Service (NPS), rated general partners’ (GP) commitment and f...
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...
