Hankook Tire’s focus on foreign factories sets it apart from rivals

Hankook Tire’s focus on foreign factories sets it apart from rivals

South Korea’s leading tire maker Hankook Tire & Technology Co. has one business strategy that sets it apart from its local rivals: Build m...

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T ties up with Korean firms for hydrogen biz

Samsung C&T Corp., the construction and trading arm of Samsung Group, has joined forces for the clean hydrogen businesses with South Korean comp...

Private equity firms buys shipbuilder Daehan for $150 mn

Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

Business magnates' startup investment fraternity V-Society going strong

Business magnates' startup investment fraternity V-Society going strong

Back in August 2000, a fraternity of domestic business magnates’ children and startup entrepreneurs named V-Society was founded. The frat...

KKR, Anchor Equity tipped to exit from TMON in 7 yrs

KKR, Anchor Equity tipped to exit from TMON in 7 yrs

KKR & Co. and Anchor Equity Partners have tentatively agreed to sell their majority stake in South Korea’s e-commerce player TMON Inc. to ...

Seoul advises Mirae to cut leverage for $3 bn IFC deal

Seoul advises Mirae to cut leverage for $3 bn IFC deal

South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...

Korean air filter maker CNTUS SUNGJIN aims to crack US market

Korean air filter maker CNTUS SUNGJIN aims to crack US market

CNTUS SUNGJIN Co., a mid-sized South Korean company known for its colorful face masks made under the Aer brand, has focused on business-to-business ...

Seoul National University to set up first overseas campus in Vietnam

Seoul National University to set up first overseas campus in Vietnam

Seoul National University (SNU), South Korea’s top-ranked higher education institution, is pursuing the setup of its first overseas campus in ...

Korea's NPS upped alternative investment by 33% in 2021

Korea's NPS upped alternative investment by 33% in 2021

The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...

Hanwha Life to spur global real estate investment via US subsidiary

Hanwha Life to spur global real estate investment via US subsidiary

South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...

Hong Kong-based Crypto.com acquires South Korean exchange OK-BIT

Hong Kong-based Crypto.com acquires South Korean exchange OK-BIT

Hong Kong-based Crypto.com announced Monday it finalized the acquisition of a 100% stake in South Korea’s cryptocurrency exchange operator OK-...

CJ CheilJedang posts record-high operating profit in Q2

CJ CheilJedang posts record-high operating profit in Q2

South Korean food giant CJ CheilJedang Corp. logged record-high quarterly operating profit in the second quarter of 2022 amid the growing popularity...

US private equity giant Apollo making inroads into Korea

US private equity giant Apollo making inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to launch a credit business in South Korea, aiming for the local private lendi...

US private equity giant Apollo to make inroads into Korea

US private equity giant Apollo to make inroads into Korea

Apollo Global Management Inc., a US private equity powerhouse, is set to start the credit business in South Korea, aiming for the local private lend...

Hyundai Oilbank, Lotte Confectionery tie up for biodiesel business

Hyundai Oilbank, Lotte Confectionery tie up for biodiesel business

Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, and food maker Lotte Confectionery Co. have forged a strategic partnership to jo...

Korea, game developers in tug of war over P2E genre

Korea, game developers in tug of war over P2E genre

A battle over play-to-earn (P2E) games in South Korea between the government and the industry has yet to show any signs of abating as the authority ...

NPS sees 14 investment managers resign by end-June

NPS sees 14 investment managers resign by end-June

National Pension Service (NPS) of South Korea sees as many as 14 professionals of its investment management arm resign by end-June of this year, acc...

Korean startups rely on word-of-mouth marketing for overseas penetration 

Korean startups rely on word-of-mouth marketing for overseas penetration 

Thanks to what some economists dub a borderless economy, more South Korean startups than ever before are looking beyond the peninsula. Seoul-ba...

More LPs tap ex-Samsung Life professionals as CIOs

More LPs tap ex-Samsung Life professionals as CIOs

A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...

Brokerages sit on $5.3 bn of global alternative assets to sell down

Brokerages sit on $5.3 bn of global alternative assets to sell down

Some major securities firms in South Korea are having difficulties with overseas alternative assets they have yet to sell down. The brokerage firm...

Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C

Dubai sovereign fund in talks with Global Sae-A to sell Ssangyong E&C

Dubai’s sovereign wealth fund is discussing the sale of Ssangyong Engineering & Construction Co. to a South Korean textile business group....

LUNA 2.0 skyrockets to $30 before losing 80% in first day of trade

LUNA 2.0 skyrockets to $30 before losing 80% in first day of trade

The price of LUNA 2.0 (LUNA), the brand-new token of the controversial Terraform Labs Ltd., has been on a tumultuous ride since its debut a couple o...

NPS to slash Korean asset proportion, increase overseas stocks

NPS to slash Korean asset proportion, increase overseas stocks

National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, has adjusted its five-year asset allocation plan to enh...

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...

Korean LPs seek different strategies for private equity, debt

Korean LPs seek different strategies for private equity, debt

Key asset owners of South Korea will keep their mid- to long-term plans for alternative asset management despite the current macroeconomic risks, as...

Hyundai Card shelves IPO after Fubon buys 20% stake

Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its ...

SwatchOn connects fabric wholesalers to overseas fashion designers

SwatchOn connects fabric wholesalers to overseas fashion designers

“We had the overseas market in mind from the get-go,” global fabric sale platform SwatchOn’s CEO Lee Woo-seok told The Korea Econo...

Teachers' Pension eyes direct lending, PE with low leverage

Teachers' Pension eyes direct lending, PE with low leverage

Teachers’ Pension (TP) of South Korea will increase exposure to its overseas alternative assets, its Chief Investment Officer Lee Kyu-hong sai...

KIC to up alternative assets to 25% of AUM by 2025

KIC to up alternative assets to 25% of AUM by 2025

Korea Investment Corporation (KIC) will continue to expand alternative investments while strengthening its asset management skills by increasing d...

SK On bolsters M&A team with new executive hires

SK On bolsters M&A team with new executive hires

SK On Co., an electric vehicle battery maker of SK Innovation Co., is bolstering its M&A team by hiring M&A experts from a leading law firm ...

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