GIC Singapore
Scope
Date
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Banking & Finance
Singapore emerges as new financial hub for S.Korean banks
South Korea’s major banks are rushing to Singapore as the city-state is emerging as a new financial hub in Southeast Asia, replacing the tradi...
Jun 18, 2021 (Gmt+09:00)
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E-commerce
Coupang changes leadership roles to expand global business
Coupang Corp. has executed changes in leadership roles to focus more on overseas ventures. The company has entered Japan and Singapore this year. So...
Jun 17, 2021 (Gmt+09:00)
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Korean startups
Mirae, Naver set for hefty profit from Didi Chuxing IPO
The prospective initial public offering of DiDi Chuxing Technology Co., China's largest ride-hailing app, is expected to generate as much as 200 bil...
Jun 15, 2021 (Gmt+09:00)
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Hotel sale
Hilton Seoul likely to be transformed into office
Millennium Hilton Seoul, the venue of South Korea's 1997 negotiations to secure a $58 billion rescue package from the International Monetary Fund, w...
May 24, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Singapore sovereign fund GIC to buy 30% of Starbucks Korea for $710 mn
Singapore’s sovereign growth fund GIC Private Ltd. plans to acquire a 30% stake in Starbucks Korea for about 800 billion won ($710 million) fr...
May 24, 2021 (Gmt+09:00)
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Culture & Trends
HiteJinro to export Terra beer to Hong Kong, Singapore, US
South Korea’s record-breaking Terra beer will begin exports to Hong Kong this month, and to Singapore and the United States from the latter ha...
May 12, 2021 (Gmt+09:00)
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E-commerce
Coupang to start first overseas operation in Singapore
South Korea’s e-commerce giant Coupang Corp. is moving forward with its global expansion plans by entering the Singapore market. The New York ...
Apr 12, 2021 (Gmt+09:00)
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IPOs
SK Bioscience attracts NPS, GIC in successful bookbuilding
South Korea-based SK Bioscience Co. has successfully concluded the bookbuilding for its initial public offering, attracting institutional investors ...
Mar 05, 2021 (Gmt+09:00)
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Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
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Sovereign wealth funds
KIC CEO to meet GIC, Temasek execs during Singapore trip
Korea Investment Corporation (KIC) Chief Executive Choi Heenam will make his first overseas business trip in 11 months to visit Singapore this month...
Dec 04, 2020 (Gmt+09:00)
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Electric vehicles
Hyundai Motor, SP Group to expand EV battery business in Singapore
Hyundai Motor Co. is seeking to expand its electrice vehicle battery business in Southeast Asia in cooperation with Singapore’s state-run utilit...
Nov 12, 2020 (Gmt+09:00)
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Future mobility
Hyundai Motor begins Singapore innovation lab construction
Hyundai Motor Co., South Korea’s biggest automaker, has begun building an innovation lab in Singapore as part of its efforts to explore new mobi...
Oct 13, 2020 (Gmt+09:00)
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Grab Holdings
Singapore's ride-sharing giant Grab raises $200 mn from STIC Investments
Grab Holdings Inc., a Singapore-based technology company, has raised $200 million from South Korean private equity firm STIC Investments Inc., the fir...
Sep 11, 2020 (Gmt+09:00)
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Venture 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...
May 19, 2020 (Gmt+09:00)
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Startup
Goldman, GIC, Sequoia to exit from Korean food delivery app in $4 bn deal
Goldman Sachs, Singapore’s GIC and Sequoia Capital are among the financial investors set to secure handsome returns from a combined 506 billion ...
Dec 14, 2019 (Gmt+09:00)
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CVC-Brookfield-GIC consortium sole bidder for Korea’s ADT Caps
A consortium of CVC Capital Partners, Brookfield Asset Management and Singapore’s GIC was the sole bidder for South Korea’s No.2 security services fir...
Feb 21, 2018 (Gmt+09:00)
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Brookfield, GIC join CVC-led group in final bidding for Korea’s ADT Caps
CVC Capital Partners has formed a consortium with Brookfield Asset Management and Singapore’s sovereign wealth fund GIC to make a final bid for South ...
Feb 07, 2018 (Gmt+09:00)
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GIC, M&G Real Estate in $400 mn bid for POBA-owned Korean building
Singapore’s GIC and M&G Real Estate of London-based Prudential Plc. are in the bidding for a new office building in South Korea, wholly owned by t...
Dec 07, 2017 (Gmt+09:00)
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KIC to open Singapore office to boost Asian alternative investment
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia...
Jun 22, 2017 (Gmt+09:00)
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KTB Investment raises $82 mn aircraft fund for lease to Singapore Airlines
KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion wo...
May 28, 2017 (Gmt+09:00)
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GIC, NPS invest $136 mn each in Korea’s retail complex near Seoul
The Government of Singapore Investment Corporation (GIC) and the National Pension Service (NPS) have bought equity stakes in a fund launched to buy a ...
Nov 17, 2016 (Gmt+09:00)
Latest News
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- 3 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 4 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 5 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google