US and German startups funded by Mirae Asset join ranks of unicorns

Mirae Asset Venture Investment Co. is forecast to rake in more than 400 billion won ($325 million) for its investment in Moloco Inc. Mirae As...

Korea Post to hire two GPs for global infrastructure debt

  Korea Post, South Korea's state-run postal service agency, said on April 14 that its insurance arm will select two asset managers for a maxi...

Creator tech startup Awake Corp. attracts over $892,000 in seed funding 

Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

US hedge fund urges SK to focus on share buybacks

US hedge fund Dalton Investments LLC has urged SK Inc., the holding company of South Korea’s SK Group, to focus more on share buybacks and can...

Korea Post to tap two GPs for global PE secondaries

Korea Post, South Korea's state-run postal service agency, said on April 6 its savings arm will choose two asset managers for two closed-end comming...

Lessons learned from activist fund’s KAL exit

Activist fund Korea Corporate Governance Improvement Fund (KCGI) recently exited its investment in Hanjin KAL Co., the parent company of Korean Air ...

KTCU, CalSTRS to launch $505 mn JV for US warehouses

Korean Teachers’ Credit Union (KTCU), a retirement fund for South Korean teachers and employees, and The California State Teachers' Retireme...

Mid-cap, small-cap outperform large-cap stocks in Q1 2022

South Korea’s mid-cap and small-cap shares outperformed large-cap stocks during the first quarter of 2022 as some glitzy initial public offe...

Activist fund wins over K-pop pioneer at SM Entertainment annual meeting

South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-a...

Samsung’s Life Science Fund invests in US biotech Jaguar Gene Therapy

Samsung Group’s 150 billion won ($124 million) Life Science Fund launched last year has chosen a leading US gene therapy development company a...

Koreans return to foreign stock funds for bargain hunting

South Korean funds for overseas stock investments enjoyed the return of money to buy growth shares in the US on dips this year, while local investor...

Daewoo E&C jointly creates $400 mn fund for overseas M&As

Daewoo Engineering & Construction Co. of South Korea and IMM Investment Global, the Hong Kong-based affiliate of Korean equity firm IMM Investme...

Korean activist fund KCIG to sell Hanjin KAL stake to local builder

South Korea’s activist fund Korea Corporate Governance Improvement Fund (KCGI) has decided to sell its stake in Hanjin KAL, the holding compan...

GEPS posts 19.4% return from alternative investment in 2021

Government Employees Pension Service (GEPS) of South Korea posted a 8.61% rate of return in 2021, the pension fund announced on March 15. It has ear...

Service robot maker Bear Robotics raises $81 mn in Series B

South Korea’s robotics startup Bear Robotics Inc. announced Wednesday it raised $81 million in Series B funding from venture capital heavywe...

Hanwha invests another $11 mn in US communications firm Kymeta

Hanwha Systems Co., the defense and air mobility unit of South Korea’s Hanwha Group, made another investment of $11 million in Kymeta Corp., a...

LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups

LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...

Translink and Banks Foundation form $10 mn fund for S.Korean startups

South Korea’s venture capital firm Translink Investment and non-profit organization Banks Foundation for Young Entrepreneurs agreed to launch ...

Cloud management provider Cloocus receives $41 mn in Series B funding

Cloud management service provider Cloocus Co. has received 50 billion won ($40.8 million) from SK Inc. C&C, those familiar with the investment...

SK Group's PE-funded transformation in the spotlight

SK Group stands out from other South Korean conglomerates in making good use of private equity funds to raise money for business expansion.The count...

NPS hires Millennium, Starboard, Systematica for hedge fund investing

National Pension Service (NPS) of South Korea said on Feb. 28 it selected Millennium Management LLC, Starboard Value LP and Systematica Investment...

Adams Street, Benefit Street, Clearlake join NPS' PE managers

National Pension Service (NPS) of South Korea announced on Feb. 28 it selected Adams Street Partners LLC, Benefit Street Partners LLC and Clearlak...

Ridi becomes first Korean content platform unicorn

Ridi Corp., often referred to as South Korea's Kindle, has received funding of 120 billion won ($100 million) from Singapore's GIC and three domesti...

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...

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...

CJ ENM’s streaming platform raises $209 mn to finance original content

TVing Co. is poised to sell 382,513 new shares to South Korean private equity fund JC Partner Co.’s affiliate to raise 250 billion won ($209 m...

APG urges Samsung, other Korean carbon emitters to take action

Europe’s largest pension fund manager APG has urged Samsung Electronics Co. and nine other major South Korean companies to drastically cut the...

Thoma Bravo may attract $200 mn from NPS, KTCU

National Pension Service (NPS), Korean Teachers’ Credit Union (KTCU) and other institutional investors of South Korea are likely to contribute...

SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

BlackRock, Blackstone, Singapore's GIC and Saudi's Public Investment Fund (PIF) are among the preliminary bidders for shares worth up to $4.2 billio...