Corporate investment
Pension funds
NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
9 HOURS AGO
-
Real estate
Mirae Asset to be named Korea Post’s core real estate fund operator
Mirae Asset Global Investments Co. is set to manage the mandate of more than 600 billion won ($416.8 million) in core real estate fund investment by ...
Apr 29, 2025 (Gmt+09:00)
1 Min read -
Shareholder activism
US PE firm Miri Capital ups stake in Korea’s STIC Investments
US private equity firm Miri Capital Management LLC said on Tuesday it has raised its stake in STIC Investments Inc. to step up its shareholder activi...
Apr 16, 2025 (Gmt+09:00)
1 Min read -
Real estate
Mirae, Koramco, Hana shortlisted for Korea Post’s core real estate fund
Mirae Asset Global Investments Co., Koramco REITs Management and Trust Co. and Hana Alternative Asset Management Co. were shortlisted for the mandate...
Apr 14, 2025 (Gmt+09:00)
1 Min read -
Hydrogen economy
Samsung E&A buys Norwegian Nel stake for hydrogen business push
South Korea’s Samsung E&A Co. has purchased a stake in Norway’s hydrogen technology company Nel ASA at 47.6 billion won ($32.8 millio...
Mar 12, 2025 (Gmt+09:00)
1 Min read -
Shipping & Shipbuilding
HD Hyundai to invest $206 mn to develop SMR ship
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 300...
Mar 10, 2025 (Gmt+09:00)
4 Min read -
Central bank
Bank of Korea cuts rates, growth forecast on Trump tariff policy
South Korea’s central bank on Tuesday cut interest rates while sharply reducing its economic growth forecast as lingering political turmoil fol...
Feb 25, 2025 (Gmt+09:00)
4 Min read -
Pension funds
Korea to let securities firms manage $43 bn public fund investment pool
South Korea said on Wednesday it aims to boost returns on 62.1 billion won ($42.7 billion) in the public fund investment pool by entrusting some of t...
Feb 12, 2025 (Gmt+09:00)
2 Min read -
Corporate investment
LX International seeks to acquire nickel, copper mines in Indonesia
LX International Corp., the trading unit of South Korea’s LX Group, said on Friday it is seeking to acquire a nickel mine and a copper mine in ...
Feb 07, 2025 (Gmt+09:00)
2 Min read -
Central bank
BOK lowers growth forecasts to bolster rate cut expectations
South Korea’s central bank slashed its economic growth forecasts on Monday, adding to views that the monetary authority will cut interest rates...
Jan 20, 2025 (Gmt+09:00)
3 Min read -
Banking & Finance
Hana Financial, Bain Capital to expand investment in S.Korea
South Korean Hana Financial Group and the US-based global well-known private equity fund (PEF) Bain Capital plan to strengthen their strategic partn...
Jan 20, 2025 (Gmt+09:00)
1 Min read -
Private equity
Korea’s Hwasung Cosmetics shines with Affirma Capital’s Midas touch
Singapore-based private equity firm Affirma Capital has turned Hwasung Cosmetics into an emerging original design manufacturer (ODM) for global beaut...
Jan 16, 2025 (Gmt+09:00)
3 Min read -
Webtoons
Naver Webtoon invests in Japan's Number Nine
South Korea's Naver Webtoon said on Thursday that its Japanese service operator Line Digital Frontier invested in Number Nine, a webtoon studio in Ja...
Jan 16, 2025 (Gmt+09:00)
1 Min read -
Corporate investment
Mirae Asset invests $200 mn in LS Group affiliate in US
South Korea's Mirae Asset Global Investments said on Sunday it invested $200 million in Essex Solutions, a US magnet wire manufacturing affiliate und...
Jan 06, 2025 (Gmt+09:00)
1 Min read -
Food & Beverage
SPC to establish bakery plant in Texas
South Korea's SPC Group, the operator of the bakery franchise Paris Baguette said on Thursday it plans to build a plant in the City of Burleson, John...
Jan 02, 2025 (Gmt+09:00)
1 Min read -
Batteries
HD Hyundai Infracore to invest $79.6 mn in engine, battery pack
South Korea's HD Hyundai Infracore Co. said on Monday it signed a memorandum of understanding (MOU) with North Jeolla Special Self-Governing Province...
Dec 26, 2024 (Gmt+09:00)
1 Min read -
Korean startups
CLO Virtual Fashion raises $35 mn
South Korea's 3D digital fashion solution startup CLO Virtual Fashion said on Monday it raised 50 billion won ($35 million).Atinum Investment Co. and...
Dec 16, 2024 (Gmt+09:00)
1 Min read -
Automobiles
Hyundai, BAIC to inject $1.1 bn in China joint venture
Hyundai Motor Co. and its Chinese partner Beijing Motor Corp. (BAIC) will jointly invest $1.1 billion in their joint venture, which produces and sell...
Dec 13, 2024 (Gmt+09:00)
2 Min read -
Real estate
GIC to open 2nd tender for Seoul landmark building sale as bids disappoint
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund, is set to seek more proposals from bidders to sell a landm...
Dec 11, 2024 (Gmt+09:00)
2 Min read -
Banking & Finance
Hanwha's financial companies open AI center in San Franciso
South Korea’s seventh-largest conglomerate’s financial companies have opened a joint artificial intelligence center in San Francisco, a g...
Dec 10, 2024 (Gmt+09:00)
1 Min read -
Corporate investment
Samsung invests in AI security platform Axiado
Samsung Electronics Co. said on Thursday it invested in the Series C funding round of Axiado, a US-based artificial intelligence (AI) security platfo...
Dec 05, 2024 (Gmt+09:00)
1 Min read -
Economy
Korea’s export growth at 14-month low, adds to BOK rate cut views
South Korea’s export growth fell to a 14-month low in November with shipments to the world’s two biggest markets the US and China down, a...
Dec 01, 2024 (Gmt+09:00)
2 Min read -
Entertainment
Controversy brews over HYBE Chair Bang’s investment deal with PEFs
Bang Si-hyuk, founder and chairman of HYBE Co., the South Korean entertainment giant behind K-pop global sensations BTS and NewJeans, is embroiled in...
Nov 29, 2024 (Gmt+09:00)
4 Min read -
Electronics
Apple supplier LG Innotek to invest $268.4 mn in Vietnam in 2025
South Korea’s LG Innotek Co., a major contractor for Apple Inc., said on Thursday it plans to spend 375.9 billion won ($268.4 million) next yea...
Nov 22, 2024 (Gmt+09:00)
1 Min read -
Private equity
US private equity giant Apollo opens Seoul office for APAC expansion
Apollo Global Management Inc., a US private equity powerhouse, said on Monday it has opened an office in Seoul to expand its business in the Asia Pac...
Nov 19, 2024 (Gmt+09:00)
2 Min read -
Korean chipmakers
Samsung vows to regain chip lead with new R&D center
Samsung Electronics Co. is pinning its hopes on its new research and development complex, which will cost the company 20 trillion won ($14.4 billion)...
Nov 18, 2024 (Gmt+09:00)
3 Min read -
Real estate
Korea’s DL Group to sell hotels for $462 mn in further restructuring
DL Group, South Korea’s petrochemical-to-construction conglomerate is putting some hotels on the market to raise an estimated 650 billion won (...
Nov 12, 2024 (Gmt+09:00)
1 Min read -
Steel
Korea’s POSCO, India’s JSW team up to build steel plant in Odisha
South Korea’s POSCO Group joined hands with India’s JSW Group to set up an integrated steel plant in the South Asian country with an esti...
Oct 29, 2024 (Gmt+09:00)
3 Min read -
Real estate
Koramco to open office next to NPS for property investment partnership
Koramco Asset Management Co. will open a liaison office next to South Korea’s National Pension Service (NPS) to bolster cooperation with the wo...
Oct 18, 2024 (Gmt+09:00)
2 Min read -
Electric vehicles
Hyundai Mobis to invest $257 mn in EV parts plants in Slovakia
Hyundai Mobis Co., the world’s fifth-largest auto parts maker, agreed to invest some 350 billion won ($256.9 million) in building electric vehi...
Oct 16, 2024 (Gmt+09:00)
2 Min read
Latest News
- 1 Maybe Happy Ending: How a Seoul-made robot love story rewrote Broadway playbook
- 2 NPS yet to schedule external manager selection; PE firms’ fundraising woes deepen
- 3 Woori Financial wins approval for Tongyang, ABL Life acquisition
- 4 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 5 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs