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) ...

Korean military fund to double average investment size

South Korea’s Military Mutual Aid Association (MMAA) intends to nearly double its average investment size to 100 billion won ($88 million) as ...

Korea's global real estate fund investors brace for losses

The combined balance of overseas real estate investment funds sold in South Korea saw a drop in their net asset value below the original value by 40...

Kakao’s private affiliates post record growth in 2020

South Korean tech giant Kakao’s unlisted subsidiaries have posted record-high growth figures for the previous financial year. According to Kak...

Korea VC FoF seeks offshore VC funds to commit $66 mn

The Korea Venture Investment Corp. (KVIC), which manages funds of venture capital funding vehicles, will pick offshore VC funds to commit around 75 ...

SK Holdings, China’s Geely launch $300 million future mobility fund

South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...

KIC, Korean pension funds in hunt for new C-level execs

South Korea's Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth f...

NPS commits $500 mn to Blackstone life science property fund

The National Pension Service has committed $500 million to Blackstone's new life science real estate fund that is expected to raise over $12 billion...

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...

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...

Affinity Equity set to acquire Korea’s top recruitment portal JobKorea

Affinity Equity Partners, a global private equity firm, is set to acquire the entire stake of South Korea’s top recruitment portal JobKorea &n...

KIC names new private equity, absolute return heads

The Korea Investment Corporation (KIC) has named new heads of its private equity and absolute return groups this week, following the replacement of ...

China logistics firms yield decent returns for Korean investors

MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese l...

US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off

US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...

Yellow Umbrella Mutual to deploy $135 mn to blind pool funds in 2021

South Korea's Yellow Umbrella Mutual Aid Fund will commit about 120 billion to 150 billion won ($108 million-$135 million) to blind pool funds of ve...

CVC, TPG, MBK, Affinity Equity in final bidding for JobKorea

Local and foreign private equity firms are among the final bidders for the entire stake of South Korea’s top recruitment portal JobKorea &ndas...

NPS makes first investment in timberland via UK fund

The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...

Korean banks fund alternative deals with $540 mn loans via KIC

South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...

Korean pension funds on over 1-month Kospi selling streak

The National Pension Service and other South Korean pension funds have offloaded a net 9.9 trillion won ($8.9 billion) worth of shares on the countr...

Long-term treasury yields surge on talk of new relief fund

The ruling Democratic Party’s push to hand out "a substantial amount" of new relief money has rattled the South Korean debt market, sending lo...

Hyundai, KDB launch fund to foster mobility startups

Hyundai Motor Group and Korea Development Bank have decided to create a 74.5 billion won ($67 million) fund to invest in startups that offer future ...

Korea’s top online flea market set to raise $180 mn in funding

Danggeun Market Inc., South Korea’s largest online flea market operator, is poised to raise up to 200 billion won ($180 million) in fresh fund...

SK, China’s Geely eye investment fund for hydrogen, eco-friendly business

South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...

NPS to invest in Silver Lake’s $20 bn tech fund

The National Pension Service has decided to invest in a $20 billion technology fund that Silicon Valley-based Silver Lake Partners recently closed, ...

Meritz Alternative commits $150 mn to US multifamily fund

South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...

KKR’s Asia real estate fund draws around $400 mn from Korea

South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate f...

NPS divides global securities division into equity, fixed income

The National Pension Service has divided up its global public market division into Global Equity and Global Fixed Income divisions as part of a plan...

KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea

The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...

NPS commits $450 mn to Stonepeak, Macquarie infra funds

The National Pension Service has committed a total of $450 million to two North America-focused funds launched by Stonepeak Infrastructure Partners ...

Satellite launcher startup raises over $7 mn in Series A funding

South Korea's Innospace Co., which develops launch systems to carry small satellites into space, is set to complete its Series A funding round of ...