AI-driven new drug development
Scope
Date
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Pension funds
Teachers' Pension to sharply up direct global stock investment
The Teachers' Pension in South Korea has started direct investment in overseas stock markets this year and will further increase direct management t...
Nov 04, 2021 (Gmt+09:00)
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Pension funds
POBA seeks new CIO as Jang Dong-hun's term ends in Jan 2022
South Korea’s Public Officials Benefit Association (POBA) is looking for a new chief investment officer (CIO) as the term of current CIO Jang ...
Nov 03, 2021 (Gmt+09:00)
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Bio
Sartorius to invest $300 mn in bio material, equipment plant in Korea
Sartorius AG, German laboratory equipment and raw material maker, is slated to invest $300 million in the next three years to build a plant in South...
Nov 03, 2021 (Gmt+09:00)
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Korean startups
AI human developer MINDs Lab aims for November IPO
South Korea’s top artificial intelligence (AI) developer MINDs Lab Inc. is aiming to list on the Kosdaq market within this month. While the ...
Nov 03, 2021 (Gmt+09:00)
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Korean games
Supergene looks well beyond smash hit instant game OMG
Commanding more than 100 million users for a South Korean Internet social service or a mobile game is uncommon even among industry leaders.Naver Cor...
Nov 03, 2021 (Gmt+09:00)
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Interviews
Wooyoungmi emerges as 'new luxury' menswear brand
When South Korean menswear brand Wooyoungmi had the highest sales in the men’s fashion hall of Paris-based luxury department store Le Bon Marc...
Nov 02, 2021 (Gmt+09:00)
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Upcoming IPOs
Korea MCN startup Treasure Hunter aims for leading K-content maker
Song Jae-yong, a leader of the new business taskforce team at South Korea’s CJ ENM Co. went to New York in 2013 to have business meetings for ...
Nov 02, 2021 (Gmt+09:00)
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Energy
POSCO International, Petronas sign PSC for Malaysian gas development
POSCO International Co., the trading unit of South Korean steelmaker POSCO, has signed a production sharing contract (PSC) for the development of an...
Nov 02, 2021 (Gmt+09:00)
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Entertainment
SM Entertainment founder’s final audition: New owner
“It was not like an M&A negotiation but rather an audition by Lee Soo-man,” said a source at a company that is looking to buy a stak...
Nov 01, 2021 (Gmt+09:00)
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Pension funds
NPS posts near 10% IRR as of end-Aug, riding exit market boom
The National Pension Service (NPS) has achieved an average 9.65% return on investments as of the end of August, driven by overseas equity divestment...
Oct 29, 2021 (Gmt+09:00)
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Batteries
Hyundai, Kia invest in US solid-state battery startup Factorial
Hyundai Motor Co. and Kia Corp. invested in US solid-state battery startup Factorial Energy in a move to secure various technologies for the next-ge...
Oct 29, 2021 (Gmt+09:00)
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Energy
SK E&S in talks to sell ESS, solar energy projects
SK E&S Co. is in talks with a number of private equity firms and financial investors to sell energy storage systems (ESS) and solar energy devel...
Oct 29, 2021 (Gmt+09:00)
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ASK 2021
NPS makes new commitments worth $17 bn in private sector every year
South Korea's National Pension Service (NPS) plans to keep increasing private equity investment for mid- to-long term asset allocation, Choe Hyung D...
Oct 28, 2021 (Gmt+09:00)
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Batteries
Race heats up in solid-state battery development
Global automakers and battery producers are accelerating the development of a next-generation electric vehicle battery, called an all-solid-state ba...
Oct 28, 2021 (Gmt+09:00)
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ASK 2021
KTCU seeks new GPs skilled in raising corporate value
Korean Teachers’ Credit Union (KTCU) will seek out general partners (GPs) that have expertise in corporate workouts, add-on investments and a ...
Oct 28, 2021 (Gmt+09:00)
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COVID-19
Samsung Biologics-made Moderna vaccine available to Koreans this week
Moderna Inc.’s COVID-19 vaccine first produced by Samsung Biologics Co. under a contract manufacturing organization (CMO) service will be avai...
Oct 27, 2021 (Gmt+09:00)
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Automobiles
Hyundai Mobis develops wheels that turn 90 degrees
Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has developed technology to allow wheels to turn by 90 degrees, aiding in sharper vehi...
Oct 25, 2021 (Gmt+09:00)
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Markets
Zero-carbon, self-driving still in distant future for top Kospi stocks
Shares in Samsung Engineering Co., a leading South Korean plant builder, have skyrocketed about 90% year to date, far outstripping the average rise ...
Oct 22, 2021 (Gmt+09:00)
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Industrial real estate
Ares Management sees rental demand-led growth in US properties
Industrial properties in the US will likely continue to outperform other types of real estate, driven by significant rental growth in the e-commerce...
Oct 21, 2021 (Gmt+09:00)
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Korean chipmakers
SK Hynix unveils industry’s highest-performing DRAM chip
SK Hynix Inc., the world’s second-largest memory chipmaker, has unveiled the industry’s highest-performing DRAM with a data speed capabl...
Oct 21, 2021 (Gmt+09:00)
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Entertainment
Coldplay’s 'Music of the Spheres’ review: An over-the-top cosmic lovefest
Coldplay is deep enough into its career that each new album comes packaged with a story. It’s no longer sufficient to issue a new collection o...
Oct 20, 2021 (Gmt+09:00)
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IPOs
Korea’s Simone to spend up to 40% of net profit for dividends
South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...
Oct 19, 2021 (Gmt+09:00)
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Electronics
LG Electronics brings gardening indoors with plant cultivator Tiiun
LG Electronics Inc. is bringing gardening indoors by unveiling a plant growing appliance, which allows consumers to grow flowers, vegetables and her...
Oct 14, 2021 (Gmt+09:00)
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E-commerce
Yanolja likely to buy $250 mn stake in Interpark spin-off
South Korea's top travel and accommodation platform Yanolja Inc., backed by SoftBank, was on Thursday named as the preferred buyer of a majority sta...
Oct 14, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders turn focus to high-value vessels
South Korean shipbuilders, brimming with heavy order backlogs, are turning their focus to high-value and eco-friendly vessels for new orders as the ...
Oct 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Ssangyong Motor struggles to find new owner
Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...
Oct 13, 2021 (Gmt+09:00)
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Private equity
Joe Bae to co-lead KKR as 2nd Korean-descendent CEO of a PE giant
Joseph Bae, co-president of KKR & Co., was named as its co-chief executive officer this week, becoming the second Korean descendent CEO to lead ...
Oct 13, 2021 (Gmt+09:00)
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Mergers & Acquisitions
KKR named as preferred buyer of SK E&S' $2 bn new shares
KKR & Co. has secured the exclusive negotiating rights to buy SK E&S Co.'s new preferred shares worth 2.4 trillion won ($2 billion), which t...
Oct 12, 2021 (Gmt+09:00)
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Real estate debt
M&G picks logistics, residential property for 2022
London-based M&G Investments expects the logistics and residential real estate markets in most parts of Europe to continue to offer attractive r...
Oct 12, 2021 (Gmt+09:00)
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Petrochemicals
LG Chem to build technical support centers in EU, US
LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...
Oct 11, 2021 (Gmt+09:00)