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...

SK On to build $2.3 bn EV battery plant for Hyundai in US

SK On Co., the world’s fifth-largest electric vehicle battery manufacturer, plans to build a new US factory to supply batteries to a planned E...

One Store becomes fifth Korean IPO dropout this year

One Store Co., South Korea's homegrown app store, on Wednesday canceled its initial public offering on the Korea Exchange, after its shares failed t...

POSCO to invest $20 billion in battery materials to rival Chinese firms

POSCO Group, which owns South Korea’s largest steelmaker, plans to invest 25 trillion won ($20 billion) to secure a stable supply of key raw m...

CJ ventures into fandom platform with $17 mn investment

CJ Group, one of South Korea’s largest family run conglomerates, or chaebol, is venturing into the fandom platform business with a 22.4 billio...

SK E&S invests $110 million in world’s largest carbon capture project

SK E&S Co., the natural gas business unit of South Korea’s SK Group, is investing $110 million for a 10% stake in Summit Carbon Solutions ...

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...

SKT, SK Square invests $40 mn in Korea metaverse game firm

South Korea’s top mobile carrier SK Telecom Co. and its spin-off SK Square Co. have together invested 50 billion won ($40 million) into a loca...

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 ...

SK Shieldus drops IPO on lukewarm demand from investors

South Korean leading security services provider SK Shieldus Co. has scrapped its plan to go public this month. Its bookbuilding gained tepid investo...

LG CNS eyes 2023 IPO to pave way for Macquarie's exit

South Korea's LG CNS Co., 35% owned by Macquarie Group, sent requests for proposals to brokerage companies on Monday as it is looking to go public n...

Baring PEA to refinance two Korean lenders to recoup investment

Hong Kong-based Baring Private Equity Asia is planning to raise a total of 674 billion won ($532 million) in loans for South Korea's Acuon Capital a...

NPS to step back from management of Hanjin KAL

National Pension Service (NPS) of South Korea has decided to shift its objective in holding shares of Hanjin KAL Corp., the parent company of Korean...

IGIS, KKR to found JV for real estate investment in Korea

US private equity investment giant KKR & Co. and IGIS Asset Management Co., the largest real estate fund manager in South Korea, will set up a j...

Korea consumption, facility investment down in March

South Korea’s consumption and capital expenditures fell last month although production rebounded, government data showed, indicating the momen...

Samsung Asset to list blockchain ETF on Hong Kong Exchange

Samsung Asset Management Co. is slated to list a blockchain exchange-traded fund on the Hong Kong Exchange (HKEX) in the first half of this year, th...

Koreans' fractional investing craze spreads to cows

Investment rights for dozens of Korean calves, worth a combined 10 million won ($7,900), sold out within one minute after each of the three investme...

Retail investment amount in startups triples on-year in Q1

South Korea’s retail investors are increasingly more bullish in startups than in manufacturing or retail firms. The Ministry of SMEs an...

NH Investment opens London affiliate to ramp up global IB business

NH Investment & Securities Co. has set up its affiliate incorporated in London, the South Korean major brokerage house announced on April 27. ...

73% of LPs to ramp up global warehouse investment

Key asset owners of South Korea are eyeing logistics centers and multifamily housing for real estate investing while planning to reduce exposure to ho...

Carlyle visits Hyundai Glovis seeking measures to boost value

The Carlyle Group, a US private equity giant, visited South Korea’s Hyundai Glovis Co. last week to discuss steps to boost the value of the Hy...

SK Networks sees $80 mn valuation gain from Kurly

South Korea's grocery delivery app Kurly Inc. has generated a valuation gain of 100 billion won ($80 million) for SK Networks Co., or a triple-digit...

S.Korean accelerators FuturePlay and Bluepoint Partners rev up for IPOs

South Korea’s two well-known accelerators FuturePlay and Bluepoint Partners are preparing for initial public offerings, buoyed by record high ...

Golfzon County IPO poised to be another MBK success story

Golfzon County Co. is gearing up for an initial public offering, which will offer MBK Partners a chance to exit from its investment in South Korea&r...

Affinity Equity to refinance Serveone to recoup investment

Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...

Korea’s tough IPO review drives bio startup to Nasdaq

A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...

Kakao Games invests $15 mn in Playable Worlds for global expansion

Kakao Games Corp., a game publishing unit of Korea’s web service giant Kakao Corp., has invested $15 million in US game studio Playable Worlds...

Samsung to supply chip substrate for Apple’s next-gen M2 processor

Samsung Electro-Mechanics Co. will supply its semiconductor package substrate to Apple Inc. for the US tech giant’s next-generation M2 process...

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...

South Korean conglomerates race to establish CVCs 

One after another, South Korea’s household name conglomerates are establishing corporate venture capital (CVC) firms under their holding compa...