NPS to add 200 global investment staff to cut fees, emulating CPPIB

The National Pension Service plans to carry out about a fivefold increase in overseas staffing by 2024 which will help to reduce external management f...

Korean investors jointly set up a $770 million SPC to invest in KKR funds

Local institutional investors have injected $500 million (600 billion won) into a special purpose company to invest in diverse funds managed by privat...

Local activist fund announces tender offer for 1.2 million warrants in Korean Air's parent company

A Korean activist fund that failed to oust Hanjin KAL's current management during a shareholder meeting in March is trying to increase its stake ...

[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix

Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...

Korean logistics centers see high demand from untact businesses amid global pandemic

Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...

Korea’s Aussie property fund seller seeks damages for reimbursement

KB Securities Co. Ltd. has claimed damages arising from the alleged breach of contract over an Australian real investment fund after it returned 90.4 ...

Local activist fund KCGI opposes Korean Air's sale of in-flight businesses

Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...

Korean pension funds relax due diligence to restart alternative investment

South Korean pension schemes and sovereign wealth fund KIC have recently restarted overseas alternative investments that had been suspended due to the...

CVC diversifies Korean funding sources beyond NPS and KIC

CVC Capital Partners has raised more than $175 million from three South Korean pension plans for its record $24 billion buyout fund, diversifying fund...

Carlyle raises $600 mn for infra credit fund with top Korean banking groups

The Carlyle Group has raised $600 million for an infrastructure credit fund in South Korea jointly with two domestic financial services firms to lend ...

Why Korean online giants Kakao and Naver soar amid global pandemic

Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...

Korean investors quickest to jump into new TALF fund: EMP Belstar

South Korean institutional investors have become the world's first group of investors in a fund related to the Federal Reserve's new Term Asset-B...

Korea’s IPO market gains steam amid global pandemic

SK Biopharmaceuticals Co. Ltd. made a strong market debut on the Korea Exchange, as the country's IPO market has been gaining steam with newly listed ...

Tiger Alternative raises $100 million to invest in US structured fund

South Korea's Tiger Alternative Investors Co. Ltd has raised about $100 million from domestic retirement funds and insurance firms to invest in senior...

KIC to form alternatives joint fund with Korea’s NongHyup

Korea Investment Corporation (KIC) is preparing to launch a joint fund with NongHyup, or the National Agricultural Cooperative Federation, to invest i...

NPS and Allianz to set up $2.3 bn Asian property fund

The National Pension Service (NPS) is to launch a $2.3 billion property fund with Germany’s Allianz SE to invest in core real estate in Asia, wi...

Money flows into alternative funds slow; regulator to up monitoring

Capital inflows into alternative investment funds in South Korea have slowed sharply so far this year compared with a year earlier due to coronavirus,...

South Korean investors to put $580 mn in TALF fund

Hyundai Investments Co. Ltd. has collected $580 million from South Korean institutional investors to invest in a fund that buys securities with borrow...

Ardian raises a record $19 billion for secondary fund of funds

Paris-based private equity firm Ardian has raised a record $19 billion for its new secondary fund of funds from 275 investors, including Korea Post an...

NPS adds Select Equity to single-manager hedge fund roster in Q1

New York-based Select Equity Group joined the roster of the National Pension Service’s (NPS) global alternative investment companies as a single...

[Interview] Real estate funds may bear brunt of Covid 19 in Q4: military fund

The coronavirus impact will likely spill over to the commercial real estate market around the fourth quarter of this year, with a spike in office vaca...

[Interview] Teachers’ Pension picks infrastructure, daily necessities sectors

South Korea’s Teachers’ Pension will chase infrastructure facilities and industrial park properties in developed countries for overseas al...

Korean public employees’ pension to take more FX risk from alternatives

The Government Employees Pension Service (GEPS) plans to abandon its principle of hedging currency exposure from investing in overseas alternatives, a...

MBK closes Asia's 3rd biggest buyout fund at $6.5 bn

MBK Partners held the final close of its fifth buyout fund at $6.5 billion on May 20, which marked the third-biggest fundraising for an Asia-focused p...

NPS to ramp up global equities exposure over next 5 years

The National Pension Service (NPS) will continue to raise exposure to global equities over the next five years, despite concerns about the impact of t...

MBK Partners sees 2nd special situations fund launch in H2

North Asia-focused private equity firm MBK Partners is looking to launch its second special situations fund in the second half of this year to capital...

Singapore’s Vickers Venture tapping Korean institutions for $500 mn fund

Vickers Venture Partners, a Singapore-based venture capital firm, is tapping South Korean institutional investors in the second round of fundraising t...

[Interview] Korea local govts' pension hunts for bargains as valuation concern eased: CIO

The Public Officials Benefit Association (POBA) is shifting away from a defensive stance to put its increased cash to work as the asset price declines...

US hedge fund calls on Korean Air to sell baggage handling unit

A US hedge fund with a stake in Korea Airport Service Co. Ltd. (KAS), a majority owned by Korean Air Lines Co. Ltd., is calling on the carrier to sell...

[RFP] Korea Post seeks PE secondary funds for $200 mn mandate

Korea Post’s insurance arm plans to select two global private equity funds to invest up to $200 million in private equity secondary markets in 2...