Korea’s reopening stocks jump on easing Omicron woes

Korea’s reopening stocks jump on easing Omicron woes

South Korea’s reopening stocks surged on Dec. 3 as US President Joe Biden’s plans to curb the Omicron variant of COVID-19 exclude lockdo...

KTB Asset invests $51 mn in Norwegian shipowner Knutsen

KTB Asset invests $51 mn in Norwegian shipowner Knutsen

South Korea’s KTB Asset Management Co. and Hanwha Investment & Securities Co. have jointly invested 60 billion won ($50.7 mililion) in s...

Cosmetics brands shift to video influencers from celebrities

Cosmetics brands shift to video influencers from celebrities

 As influencers on YouTube and social media platforms are becoming central to the marketing efforts of companies, South Korean cosmetics brands...

Metaverse emerges as promising yet uncertain new world for investors

Metaverse emerges as promising yet uncertain new world for investors

Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...

Mirae Asset joins $260 mn funding for food delivery startup Jokr

Mirae Asset joins $260 mn funding for food delivery startup Jokr

Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...

Korea Venture Investment creates global fund worth $2 billion

Korea Venture Investment creates global fund worth $2 billion

Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...

GS Retail invests $55 mn in Kakao Mobility to boost online presence

GS Retail invests $55 mn in Kakao Mobility  to boost online presence

GS Retail Co. is investing 65 billion won ($55 million) in Kakao Mobility Corp., South Korea's No.1 taxi-hailing app, adding to its recent series of...

Korea's biggest fund to invest $5.8 million in overseas VCs

Korea's biggest fund to invest $5.8 million in overseas VCs

Korea Venture Investment Corp. plans to invest $58.2 million or about 69 billion won in 10 funds around the globe. The government-backed fund o...

NPS picks Hillhouse Capital for private equity investment in Q3

NPS picks Hillhouse Capital for private equity investment in Q3

South Korea’s National Pension Service (NPS) selected private equity giant Hillhouse Capital Group in the third quarter of this year for its...

Korea Post selects Ardian, Hamilton Lane for $100 mn co-investment

Korea Post selects Ardian, Hamilton Lane for $100 mn co-investment

Korea Post’s savings arm has selected French private equity firm Ardian SA and US alternative investment manager Hamilton Lane Advisors LLC ...

Polar Asset joins NPS' hedge fund managers in Q3

Polar Asset joins NPS' hedge fund managers in Q3

National Pension Service (NPS) of South Korea selected Toronto-based Polar Asset Management Partners Inc. as a new mandate of hedge fund managers in t...

NPS adds Warburg Pincus as real estate asset manager in Q3

NPS adds Warburg Pincus as real estate asset manager in Q3

The National Pension Service added New York-based private equity firm Warburg Pincus LLC to its pool of 58 global real estate investment manager...

SK’s holding firm completes merger with materials arm

SK’s holding firm completes merger with materials arm

SK Inc., the investment and holding company of South Korea’s conglomerate SK Group, completed the merger with SK Materials Co. with aim to exp...

STIC invests $843 mn in Korean copper foil maker Iljin

STIC invests $843 mn in Korean copper foil maker Iljin

South Korean private equity firm STIC Investments Inc. said on Nov. 30 it will invest 1.1 trillion won ($843.1 million) to expand Korean elecfoil ...

SK Square to invest $75 mn in Korea crypto exchange

SK Square to invest $75 mn in Korea crypto exchange

South Korea’s SK Square, an investment firm spun off from SK Telecom Co., will buy a stake in a local cryptocurrency exchange to expand its po...

Doosan aims to raise $1.3 bn in rights offering

Doosan aims to raise $1.3 bn in rights offering

Doosan Heavy Industries & Construction Co., South Korean conglomerate Doosan Group’s subsidiary, agreed to raise 1.5 trillion won ($1.3 ...

Homegrown VCs turn to Korean American startups in search of unicorns

Homegrown VCs turn to Korean American startups in search of unicorns

Korean venture capital firms are ramping up their investments in Korean American-owned startups in the United States, mostly in Silicon Valley.The aim...

KIC sees 11 alternative investment managers resign by November

KIC sees 11 alternative investment managers resign by November

Korea Investment Corporation (KIC) saw as many as 10 professionals of its alternative investment division resign from the South Korean sovereign wea...

SEMA to increase Asia-based infra assets, CIO says

SEMA to increase Asia-based infra assets, CIO says

Korea Scientists and Engineers Mutual-Aid Association (SEMA), one of the fastest-growing retirement pension fund in South Korea, will increase inf...

Hanwha Solutions invests $100 mn in US energy startup Lancium

Hanwha Solutions invests $100 mn in US energy startup Lancium

South Korea’s Hanwha Solutions Corp. has invested in a US data center energy management startup as part of its new business model to embrace t...

Samsung orders US chips, with a side of geopolitics

Samsung orders US chips, with a side of geopolitics

Every country wants a cutting-edge semiconductor plant. Samsung Electronics’ plan to build one in the U.S. is taking advantage of th...

Korea’s Toss operator invests $5 mn in US startup fintech platform Republic

Korea’s Toss operator invests $5 mn in US startup fintech platform Republic

Viva Republica Inc., a leading South Korean fintech unicorn and operator of mobile financial super app Toss, is investing $5 million in Republic, a ...

HealthQuest picks Korea’s Lunit for first investment in Asia

HealthQuest picks Korea’s Lunit for first investment in Asia

HealthQuest Capital, a major US healthcare-focused venture growth fund, made its first investment in Asia along with other venture capitalists by pu...

NPS rewards investment managers with hefty bonuses

NPS rewards investment managers with hefty bonuses

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund with 930 trillion won ($781.8 billion) in total a...

Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics

Korea's SK, LX, Daesang to invest $151 mn in eco-friendly plastics

South Korea’s conglomerates SK, LX and Daesang have joined hands on the eco-friendly plastics business, utilizing their respective strengths i...

MBK's deals rank among top 2021 PE exits in N.Asia

MBK's deals rank among top 2021 PE exits in N.Asia

North Asia-focused MBK Partners has made lucrative exits from three investments in South Korea, China and Japan this year. They rank among the nine ...

Samsung, Korea Post create $336 mn overseas alternative investment fund

Samsung, Korea Post create $336 mn overseas alternative investment fund

South Korea's largest insurance company Samsung Life Insurance Co. and state-run postal savings and insurance agency Korea Post’s insurance ...

Music copyright trading platform Musicow revitalizes Korea’s startup scene

Music copyright trading platform Musicow revitalizes Korea’s startup scene

“Music becomes Cashcow” is the slogan for Korea’s hottest startup of the year, Musicow, Inc., and cash cow it has been. Indus...

S.Korea leaves Asian crisis behind with Woori privatization

S.Korea leaves Asian crisis behind with Woori privatization

Two decades after the onset of the 1997-98 Asian financial crisis, the state-run Korea Deposit Insurance Corporation (KDIC) is finally set to privat...

Samsung likely to announce US foundry investment plan this week

Samsung likely to announce US foundry investment plan this week

Samsung Electronics Co. is expected to announce an investment plan for its second US-based semiconductor foundry plant this week. As the South Kor...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation