NPS CIO Seo Won-joo
Scope
Date
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Bio & Pharma
Celltrion to supply Remsima SC, Yuflyma to Norway
South Korea's Celltrion Inc. announced on Wednesday that it will supply its autoimmune disease treatments Remsima SC (infliximab) and Yuflyma, the...
Feb 07, 2024 (Gmt+09:00)
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Corporate bonds
Korean firms’ monthly net debt sales hit record high in January
South Korean investors armed with ample liquidity have rushed to buy corporate debts to enjoy high yields before rates head south later this year, l...
Feb 02, 2024 (Gmt+09:00)
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Earnings
Hana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...
Jan 31, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis eyes strong overseas orders again in 2024
Hyundai Mobis Co., the world’s sixth-largest automotive parts maker, known as Mobis outside of its home South Korea, expects another strong ye...
Jan 29, 2024 (Gmt+09:00)
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Earnings
LG Energy leaves 2024 capex unchanged despite softer demand
LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership ...
Jan 26, 2024 (Gmt+09:00)
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Automobiles
Daedong Gear to supply $137mn EV parts to Hyundai
Daedong Gear Co., a powertrain subsidiary of South Korea’s Daedong Group, announced on Thursday that it has won a 183.6 billion won ($137 mill...
Jan 25, 2024 (Gmt+09:00)
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Korean stock market
Korean investors doomed to suffer $171 mn losses from HSCEI ELS
South Korean investors have already suffered about 230 billion won ($171 million) losses from their investments in equity-linked securities (ELS) ti...
Jan 22, 2024 (Gmt+09:00)
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Pension funds
NPS picks tech, electronics as its favorite local stocks in 2023
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, picked information tech, electric and electronic s...
Jan 17, 2024 (Gmt+09:00)
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Pension funds
NPS bets on Samsung Electro-Mechanics, sells POSCO stocks in Q4
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, saw the amount of listed local shares it owns rise...
Jan 15, 2024 (Gmt+09:00)
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Korean innovators at CES 2024
LG Elec to expand ad-supported streaming service with TV OS
LAS VEGAS -- LG Electronics Inc., the leading global home appliance maker, plans to expand its free ad-supported streaming television (FAST) busines...
Jan 12, 2024 (Gmt+09:00)
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Corporate strategy
POSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...
Jan 08, 2024 (Gmt+09:00)
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Pension funds
Korea’s NPS sees record assets, profit on double-digit return
South Korea’s National Pension Service (NPS) enjoyed record assets and profit in 2023 as the world’s third-largest pension fund reported...
Jan 02, 2024 (Gmt+09:00)
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Shareholder activism
NPS chief questions fairness in POSCO’s CEO selection process
POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has come under fire for its opaqueness in choosing a new leader a...
Dec 29, 2023 (Gmt+09:00)
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Energy
Taihan Cable to build ultra-high voltage power grid in Germany
South Korea's Taihan Cable & Solution Co. won a 600 billion won ($463 million) turnkey project to build a 380 kV ultra-high voltage power transm...
Dec 27, 2023 (Gmt+09:00)
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Foreign exchange
Yen deposits at Korean banks surge to record $9.9 bn
Yen deposits at South Korean banks grew by the largest-ever monthly amount in November to a record $9.92 billion, central bank data show, as investo...
Dec 19, 2023 (Gmt+09:00)
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Leadership & Management
SK On Vice Chair Chey Jae-won sees greater growth potential in 2024
Chey Jae-won, executive senior vice chairman of SK On Co., a leading South Korean battery maker, said on Thursday he expects the company’s gro...
Dec 14, 2023 (Gmt+09:00)
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Pension funds
Korea's NPS taps Jun Ahn as real estate investment head
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, appointed Jun Ahn (Ahn Jun-sang) as its real estate inv...
Dec 14, 2023 (Gmt+09:00)
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Foreign exchange
Korea, Indonesia to facilitate bilateral trade in won, rupiah
The central banks of South Korea and Indonesia agreed to facilitate the settlement of bilateral trade in their currencies from next year as the elec...
Dec 11, 2023 (Gmt+09:00)
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Automobiles
Hyundai Movex to supply smart logistics for Hankook Tire US plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...
Dec 08, 2023 (Gmt+09:00)
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Executive reshuffles
Generational shift in SK leadership with chairman’s cousin on front line
SK Group is setting out for a new era, tapping younger leaders in their 40s and 50s to lead South Korea’s second-largest group in its mission ...
Dec 07, 2023 (Gmt+09:00)
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Electric vehicles
POSCO International wins green car parts orders from US, Europe
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., is accelerating i...
Dec 06, 2023 (Gmt+09:00)
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Pension funds
NPS logs 8.7% return in Q1-Q3 on stock boom, strong dollar
National Pension Service (NPS) of South Korea posted an 8.66% investment return from January to September of this year with assets under management ...
Nov 30, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Eastspring Asset in Korea up for grabs at about $77 mn
Eastspring Asset Management Korea Co., the Korean operation of Prudential plc’s asset management unit, is up for sale for about 100 billion wo...
Nov 28, 2023 (Gmt+09:00)
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Batteries
L&F to invest $1.9 bn to build key battery materials plants
DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...
Nov 27, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders seek overseas yards for surging orders
South Korean shipbuilders are seeking overseas production bases through mergers and acquisitions to meet soaring demand across the world as they hav...
Nov 26, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea tops global shipbuilding orders in October, surpassing China
South Korean shipbuilders won the most shipbuilding orders worldwide in October 2023. The country overtook China and claimed the lead in the global ...
Nov 07, 2023 (Gmt+09:00)
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Retail
Costco Korea on verge of falling into low-growth trap
South Korea, one of the most lucrative markets for Costco Wholesale Corp., appears to be losing its appeal in the face of China’s rapid ascent...
Nov 07, 2023 (Gmt+09:00)
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Foreign exchange
Won strengthens past 1,300 mark vs dollar on short-sale ban
The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar fo...
Nov 06, 2023 (Gmt+09:00)
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Foreign exchange
Yen hits 15-year low vs Korean won on less hawkish BOJ
The yen on Friday plunged to the weakest level in more than 15 years against the South Korean won as the Japanese central bank’s recent change...
Nov 03, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea’s forex reserves dwindle to lowest point in more than 3 years
South Korea’s foreign exchange reserves dropped in October for the third straight month to their lowest point since June 2020, as local author...
Nov 03, 2023 (Gmt+09:00)
Latest News
- 1 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
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- 3 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 4 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google
- 5 Kookmin Bank raises $700 mn in forex bonds amid strong demand