SK Ecoplant raises over $800 mn from Korean PE firms

South Korea's SK Ecoplant Co. has raised a total of 1 trillion won ($830 million) from four domestic private equity firms, including 390 billion won...

POSCO Chem to expand low-expansion anode materials output

South Korea’s POSCO Chemical Co. plans to fivefold production of low-expansion anode materials, high-value-added ingredients for electric vehi...

LG AI Research: Foundation of group’s long-term future

Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...

Partners Group wins $620 mn Korean LPs mandate for infra

Some major institutional investors of South Korea have committed a combined $620 million to Partners Group’s third direct infrastructure progr...

SK On narrows bidders to BlackRock, Carlyle, KKR, GIC

South Korean battery maker SK On Co. has narrowed bidders for its shares worth up to $3.3 billion to four candidates -- BlackRock, The Carlyle Group...

Hyundai Heavy’s holding firm changes name to HD Hyundai

South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...

BOK sees inflation at 11-year high as oil tops $100 on Ukraine crisis

South Korea’s central bank expects consumer inflation to hit an 11-year high this year as oil prices jumped above the $100 a barrel level for ...

KIC boosts hedge fund investing with Seoul Guarantee Insurance

Korea Investment Corporation (KIC) signed an agreement on Feb. 24 with Seoul Guarantee Insurance Company (SGI) to co-invest in overseas hedge fund...

BlackRock names new head of institutional investment for APAC

BlackRock Inc., the world’s largest asset manager with $10 trillion assets under management, named Hiroyuki Shimizu head of institutional in...

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

BOK’s mission impossible: To lower both inflation and govt bond yields

South Korea’s central bank is caught in a dilemma as it needs to raise interest rates to curb rising inflationary pressure in Asia’s fou...

Stockbridge names former NPS real estate expert as its MD

Stockbridge Capital Group LLC, a US real estate investment firm, announced on Feb. 10 that David Park has joined the firm as a managing director. ...

Blurring lines between accelerators and VCs with record fundings

Sopoong Ventures Corp. is poised to create a fund worth 10 billion won ($8 million) that specializes in early stage investment, industry insiders sa...

Korean money flows to China exceed investment in North America

South Korean money inflows to Chinese stocks exceeded investment in North America as sluggish US shares spurred investors to bet on a recovery in th...

KTCU posts highest investment return since 2009

Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, earned an 11.3% return from investment last y...

MBK, IMM to invest over $300 mn in Megazone Cloud

MBK Partners and IMM Private Equity will each be investing 200 billion won ($167 million) in Megazone Cloud Corp., the first South Korean business p...

How Carlyle aligned interests with Hyundai Motor chair

South Korea's strengthened antitrust rules relating to inter-affiliate trade provided the Carlyle Group with a valuable opportunity to invest in Hyu...

KIC buys $1.9 mn worth of shares in crypto platform Coinbase

Korea Investment Corporation (KIC), managing $205 billion in assets as of the end-2021, has invested in US cryptocurrency exchange platform Coinba...

POBA taps former DB Insurance investment head as new CIO

Public Officials Benefit Association (POBA) of South Korea has named Huh Jang, former head of investment at DB Insurance Co. as its new chief inve...

Saudi sovereign wealth fund buys $700 mn stake in NCSoft

Saudi Arabia’s Public Investment Fund (PIF) has increased its stake in South Korea's leading gaming company NCSoft Corp. to become its fourth-...

Korean bank profits at record-high as borrowers struggle under debt

South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bi...

Construction Workers taps former Credit Union head as new CIO

Construction Workers Mutual Aid Association (CWMA) has named Lee Seong-yeong as its new chief investment officer and is in the final stage of the no...

POBA, CalSTRS invest $235 mn in two US multifamily asssets

Public Officials Benefit Association (POBA) of Korea and The California State Teachers’ Retirement System (CalSTRS) have jointly invested $235...

Korea Post to invest in overseas data centers and warehouses

Korea Post will increase its alternative investment from 13.6 trillion won ($11.3 billion) at the end-2021 to 16.7 trillion won ($13.9 billion) in 2...

Lotte Chemical to invest $502 mn in eco-friendly materials plants in Korea

South Korea’s Lotte Chemical Corp. is set to spend 602 billion won ($501.5 million) in building eco-friendly materials plants at one of its pe...

Money flows rush to safer assets in Korea

South Koreans are continuing their rush to safer assets with the balance of bank deposits, money market funds (MMFs) and cash management accounts (C...

Seoul launches investment promotion agency for FDI expansion

The city of Seoul launched Invest Seoul on Feb. 7, an investment promotion agency (IPA) to attract foreign investment and overseas companies. The ca...

Teachers' Pension posts record-high 12% return in 2021

Korea Teachers’ Pension (KTP) has said the rate of return from its investment management in 2021 reached 12%, the highest ever since its inc...

AI startup OnePredict gears up for $25 mn funding round

South Korean AI solutions provider OnePredict is set to begin a 30 billion won ($25 million) funding round. The Seoul-based startup provides in...

SK on eve of jackpot from NYSE debut of US battery maker SES

SK Inc., the investment-focused holding company of South Korea’s SK Group, is set to pocket a sixfold return from its investment in SES Holdin...