Korea’s military fund looking for new financial division chief

South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...

Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...

Hyundai Motor to unveil unmanned cargo aircraft in 2026

Hyundai Motor Co. plans to unveil unmanned cargo aircraft in 2026 as the South Korean automaker aims to enhance its foothold in the future mobility ma...

BTS may be allowed to delay military service to age 30

South Korea is likely to allow the seven members of boy band BTS to postpone their mandatory national military service by two years until the age of 3...

LG Chem flies lithium-sulfur battery-loaded aircraft into stratosphere

LG Chem Ltd. has completed a test flight of an unmanned plane in the stratosphere using its lithium-sulfur battery for the first time in South Korea.T...

LG Chem flew lithium-sulfur battery-loaded aircraft into the stratosphere.

LG Chem Ltd. has completed a test flight of an unmanned plane at the highest altitude using its lithium-sulfur battery for the first time in South Kor...

[Survey] Korean investors upbeat on infrastructure, aircraft leasing in 2017

Major South Korean pension funds and insurers are planning to expand offshore infrastructure portfolios next year, and zooming in on aircraft finance ...

[Interview] Real estate funds may bear brunt of Covid 19 in Q4: military fund

The coronavirus impact will likely spill over to the commercial real estate market around the fourth quarter of this year, with a spike in office vaca...

Military Mutual Aid extends financial division CIO’s term by one year

The Military Mutual Aid Association (MMAA) has extended its financial division head’s term for another year to focus on the risk management asso...

Mirae Asset may lose $5 mn to email fraud on aircraft finance

Mirae Asset Daewoo Co. Ltd. is likely to lose $5 million related to its aircraft financing deal after its Hong Kong-based employee transferred the mon...

Meritz Securities buys 24 aircraft for $686 mn from US lessor

Meritz Securities Co. Ltd. has recently closed the acquisition of 24 aircraft for $686 million from Aviation Capital Group Corp. (ACG), in its third i...

Korean military fund invests in UK motorway service chain

The Military Mutual Aid Association (MMAA) has invested 40 billion won ($34 million) to buy a minority stake in Welcome Break, the UK’s second biggest...

Crianza Aviation leads $600 mn aircraft finance for Etihad Airways

Crianza Aviation, a South Korean aircraft leasing firm, has completed a financing estimated at $600 million to buy three Boeing 787-9s for Etihad Airw...

Kookmin Bank commits $20 mn to two aircraft junior debt funds

Kookmin Bank, South Korea’s biggest lender, has committed $20 million to two aviation funds to provide junior and mezzanine loans for Airbus and Boein...

Meritz Sec to buy $540 mn aircraft portfolio from DAE Capital

Meritz Securities Co. Ltd. will acquire 18 used aircraft from Dubai Aerospace Enterprise (DAE) Capital for $540 million, for which it is to complete t...

Korean banks lend club loan for $115 mn aircraft debt finance

Three big South Korean lenders have lent a $85 million club loan to ALAFCO, a Kuwait-based aircraft leasing company, which recently raised $115 millio...

[Exclusive] Korea Investment-led fund buys two Boeing aircraft for $217 mn

Korea Investment & Securities Co. Ltd. has acquired two Air France-leased Boeing aircraft for $217 million via a domestic fund which raised $125 m...

[Interview] Korea military fund aims to cash in $700 mn bad assets within 3 yrs

The Military Mutual Aid Association (MMAA) will liquidate half of its 1.6 trillion won ($1.4 billion) worth of non-performing assets by early 2021 and...

Korean banks extend $130 mn loans for Asian aircraft financing: reports

Three South Korean lenders – KDB Bank, Woori Bank and Industrial Bank of Korea (IBK) - have recently provided a combined $130 million in direct loan...

Korea Investment buys China Airlines-leased aircraft for $165 mn

Korea Investment & Securities Co. Ltd. has acquired a Boeing aircraft leased by Taiwan-based China Airlines for around 180 billion won ($165 milli...

KEB Hana Bank arranges $300 mn aircraft portfolio finance for Avolon

KEB Hana Bank, a leading South Korean lender, has arranged $300 million lease financing for an aircraft portfolio of Avolon, in the first financing ar...

Korean military fund to focus on stability in real estate investment

The Military Mutual Aid Association (MMAA), with $9 billion in assets under management, will focus real estate investments on stability by pursuing fu...

Korean military fund to commit $30 mn to two US venture capital FoFs

The Military Mutual Aid Association (MMAA) will commit $30 million in aggregate to two US venture capital funds of funds in its first investment in a ...

NH Investment acquires $70 mn debt in aircraft finance for Qatar Airways

NH Investment & Securities Co. Ltd. has underwritten $70 million mezzanine debts of around $300 million financing to buy two aircraft operated by ...

KTB Investment raises $82 mn aircraft fund for lease to Singapore Airlines

KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion wo...

NPS to invest $100 mn in BBAM’s blind-pool aircraft fund

South Korea’s National Pension Service (NPS) will make its first investment in a blind-pool aircraft fund by committing $100 million to a $1 billion f...

Heungkuk Asset raises $114 mn to invest in senior debt of Emirates Airline’s aircraft

Heungkuk Asset Management Co. Ltd. , a unit of South Korea’s textile, financial services and media group, closed a 130 billion won ($114 million) fund...

Korean military fund names equity head as financial division CIO

The Military Mutual Aid Association’s (MMAA) former equity head Jae Dong Kim was installed this month as its first chief investment officer chosen fro...

Hana Financial to underwrite $50 mn debt in aircraft fund for Qatar Airways

Hana Financial Investment Co. Ltd. will acquire mezzanine debts of $50 million in an aircraft fund set up to buy a Boeing 777-300ER which Qatar Airway...

HI Investment sets up leasing firm to buy Boeing aircraft jointly for $209 mn

HI Investment & Securities Co. Ltd., an affiliate of South Korean shipbuilder Hyundai Heavy Industries Co. Ltd., has established an offshore aircr...