Tech

Samsung to adopt flatter hierarchy to lure talents

Samsung Electronics Co. on Monday announced a set of drastic steps to reduce bureaucracy and hierarchical management at the world's top memory chip maker, a move aimed at attracting and retaining young top talents. From 2022, Samsung will abandon its decades-long requirements su

15 HOURS AGO

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Cryptocurrencies

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 portfolio into next-generation platforms in the information communication technology (ICT) sector. SK Square said on Nov. 29 that it

17 HOURS AGO

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Pension funds

NPS posts $56.5 bn return for first three quarters of 2021

South Korea's National Pension Service (NPS) Investment Management said on Nov. 29 it has earned 67.4 trillion won ($56.5 billion) return for the first three quarters of this year. The world's third-largest pension fund achieved 67.3 trillion won in profits from equities, bonds a

15 HOURS AGO

Electric vehicles

LG Elec. to transform IONIQ 7 into home on wheels

Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of LG Electronics Inc., a cooperation that will expand the two companies' presence in the global electric vehicle and self-driving car markets. Global home appliances giant LG will supply products such as the Styler steam closet and refrigerator to the IONIQ 7, its first large SUV to be launched under it

19 HOURS AGO

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Mental health app Spring Health emerges amid pandemic Inspire secures $1.6 bn for its luxury resort project in Incheon

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Pension funds

NPS posts $56.5 bn return for first three quarters

South Korea's National Pension Service (NPS) Investment Management said on Nov. 29 it earned 67.4 trillion won ($56.5 billion) return for the first three quarters of this year. The world's third-largest pension fund achieved 67.3 trillion won in prof

15 HOURS AGO

Pension funds

Korea Post to select GPs for €200 mn real estate fund

Korea Post, South Korea's state-run postal service agency, said its savings arm will select two asset managers of an open-end commingled blind pool fund worth up to €200 million. The fund will be used to acquire equities in core and core-plus re

Nov 28, 2021 (Gmt+09:00)

Pension funds

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 wealth fund by September of this year, a report announced by Korea’s National Assembly member Park

Nov 25, 2021 (Gmt+09:00)

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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 infrastructure investments particularly in Korea and other Asian regions next year, its Chief Investment Of

Nov 25, 2021 (Gmt+09:00)

Real estate

IGIS beats Blackstone, Brookfield in Asian real estate AUM

IGIS Asset Management Co., South Korea’s largest real estate asset manager, was ranked as the world’s second-largest asset management company in terms of Asia-based real estate assets under management as of end-2020, $26.9 billion. Its As

Nov 24, 2021 (Gmt+09:00)

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Samsung, Hynix notch best day 2021 on upbeat outlook

Shares of South Korea’s two largest chipmakers, Samsung Electronics Co. and SK Hynix Inc., have staged a strong rebound on an industry prospect that the current downturn could be shorter-than-expected as metaverse emerges as a new major source of demand for chips.Samsung Electronics, the most valuable stock on Korea’s Kospi market, rose

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