Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award

Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award

Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...

Heavy household borrowing fans Korea’s asset market overheating

Heavy household borrowing fans Korea’s asset market overheating

South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...

LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

LG Electronics, Mirae Asset to launch $90 mn fund to invest in startups

South Korea’s LG Electronics Inc. and Mirae Asset Group have agreed to launch a 100 billion won ($90 million) joint venture-capital fund to he...

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset to launch $900 mn US logistics fund

Mirae Asset Global Investments Co. is set to launch a 1 trillion won ($900 million) blind pool fund to invest in US logistics facilities, into which...

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

SoftBank-backed Balance Hero raises $10 mn in debt funding from India

South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...

BOK posts record 2020 net income on higher foreign asset gains

BOK posts record 2020 net income on higher foreign asset gains

The Bank of Korea paid the second-highest amount of tax revenue in the country last year, trailing only Samsung Electronics Co., after the South Kor...

Offshore fund registration delays put asset managers in bind

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...

NPS begins process to venture into multi-asset investments

NPS begins process to venture into multi-asset investments

South Korea’s National Pension Service (NPS) has begun a process to initiate multi-asset investment as part of an effort to create higher retu...

Orion boosts presence in India's $15 bn confectionery market

Orion boosts presence in India's $15 bn confectionery market

South Korea-based confectionery Orion Corp. has set up a plant in India, the second-most populous country in the world, to respond quickly to local ...

NPS’ nagging concerns: talent shortage, slow alternative asset growth

 NPS’ nagging concerns: talent shortage, slow alternative asset growth

With an aim to bolster its alternative portfolio, the National Pension Service has taken bold new steps over the past few years, including launching...

Korean LPs pick their 44 favorite alternative managers

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...

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai, Kia rev up SUV sales in India amid pandemic lockdown

Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...

IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio

IGIS Asset, Hana buy $390 mn US Amazon logistics portfolio

South Korea’s IGIS Asset Management Co. and Hana Financial Investment Co. have jointly acquired three pre-completed logistics centers in the U...

NPS acquires $2 bn US logistics portfolio with Stockbridge

NPS acquires $2 bn US logistics portfolio with Stockbridge

The National Pension Service has teamed up with the US-based Stockbridge Capital Group to acquire a $2 billion portfolio of logistics facilities in ...

SK to create $27 bn in addt'l net asset value via hydrogen business

SK to create $27 bn in addt'l net asset value via hydrogen business

SK Holdings Co., the holding company of South Korean conglomerate SK Group, aims to be at the forefront of the country's hydrogen ecosystem as part ...

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset wins lawsuit against China’s Anbang over $5.8 bn US hotel deal

Mirae Asset Global Investments Co. will be able to recover a $580 million deposit it paid to Anbang Insurance Group for a $5.8 billion deal to buy 1...

Celltrion finalizes $278mn acquisition of Takeda's primary care assets

Celltrion finalizes $278mn acquisition of Takeda's primary care assets

South Korea's biopharmaceutical firm Celltrion Inc. has completed the $278 million acquisition of Takeda Pharmaceutical Company Ltd's primary care a...

KRW bonds favored amid rekindled interest in riskier assets

KRW bonds favored amid rekindled interest in riskier assets

SINGAPORE -- Global investors are returning to emerging market debt, including Korean won bonds, as they hunt for higher yields amid stronger local ...

Naver, Mirae Asset bolster presence in Southeast Asia via $898 mn fund

Naver, Mirae Asset bolster presence in Southeast Asia via $898 mn fund

South Korea’s platform giant Naver Corp., alongside Mirae Asset Daewoo Co., has been increasing investments into promising startups in Southeast...

[ASK2020] Allocate to ideas, not asset classes

[ASK2020] Allocate to ideas, not asset classes

Aberdeen Standard Investments is dedicated to helping investors around the world reach their investment goals and broaden their financial horizo...

Korean investors pick private debt as preferred asset class

Korean investors pick private debt as preferred asset class

South Korea’s institutional investors, including pension funds, mutual aid associations and insurers, plan to increase the private debt portion ...

KED to host alternative investment summit for Korean, global asset managers

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...

KED to host alternative investment summit for Korean, global asset managers

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 investors...

Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds

Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds

The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, has entrusted two Korean asset managers ...

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses

Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US

Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...

Mirae Asset to launch $252 mn Europe infrastructure fund

Mirae Asset to launch $252 mn Europe infrastructure fund

Mirae Asset Global Investments Co. is preparing to launch a 300 billion won ($252 million) vehicle to invest in a European infrastructure fund.Accordi...

India’s Mahindra willing to give up management rights in Ssangyong Motor

India’s Mahindra willing to give up management rights in Ssangyong Motor

India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...

NPS creates active management team for overseas traditional assets

NPS creates active management team for overseas traditional assets

The National Pension Service will set up teams in its overseas offices to directly handle active investments in traditional assets such as equiti...

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial in search to acquire traditional asset manager

Shinhan Financial Group, one of Korea's largest financial holding firms, has reached out to asset management companies that are well-versed ...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A