Economic Development Cooperation Fund
Scope
Date
~
-
Batteries
Hyundai Motor, SK Innovation join forces on hybrid car battery development
South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...
Apr 16, 2021 (Gmt+09:00)
language -
Electronics
Samsung develops ultra-small, high-capacity MLCC
Samsung Electro-Mechanics Co. has developed an ultra-small and high-performance multilayer ceramic capacitor (MLCC) for use in a wider range of el...
Apr 16, 2021 (Gmt+09:00)
-
Investment returns
Korean funds, firms eye jackpot from Grab’s Nasdaq listing
South Korea’s National Pension Service (NPS), other state-run savings funds and big companies are expected to pocket decent gains from their...
Apr 14, 2021 (Gmt+09:00)
language -
IPOs
Korean casino game developer revives Nasdaq IPO plan
DoubleDown Interactive LLC, a South Korean social casino game publisher, has resumed its Nasdaq listing process, tapping the red-hot US IPO market w...
Apr 04, 2021 (Gmt+09:00)
-
Pension funds
Korean teachers' fund reaps best return since 2009
The Korean Teachers' Credit Union (KTCU) achieved its highest investment return in 11 years of 10% in 2020, led by substantial gains from domestic e...
Apr 04, 2021 (Gmt+09:00)
-
Economy
BOK to offer news-based weekly economic index
South Korea’s central bank will launch a new economic index based on analysis of online business news articles. The Bank of Korea said on Apr....
Apr 01, 2021 (Gmt+09:00)
-
Batteries
POSCO agrees on joint graphene cluster development
The steelmaker POSCO will lead in the creation of a graphene industry cluster in the city of Pohang, about 300km southeast of Seoul, where the compa...
Mar 31, 2021 (Gmt+09:00)
-
Asset management
BlackRock sheds $620 mn Korean retail fund business
BlackRock Inc., the world’s largest asset manager, has sold its retail business in South Korea to a small domestic investment firm to concentr...
Mar 31, 2021 (Gmt+09:00)
-
Fintech
SoftBank-backed Balance Hero raises $10 mn in debt funding from India
South Korean fintech startup Balance Hero has raised around $10 million in debt funding led by the India-based non-banking financial company (NBFC) ...
Mar 31, 2021 (Gmt+09:00)
-
Pension funds
Korean military fund to double average investment size
South Korea’s Military Mutual Aid Association (MMAA) intends to nearly double its average investment size to 100 billion won ($88 million) as ...
Mar 30, 2021 (Gmt+09:00)
-
Real estate
Korea's global real estate fund investors brace for losses
The combined balance of overseas real estate investment funds sold in South Korea saw a drop in their net asset value below the original value by 40...
Mar 25, 2021 (Gmt+09:00)
-
Robotics
Hyundai, Woowa Brothers tie up to develop last-mile delivery robot
Hyundai Motor Group and Woowa Brothers Corp., the country’s top food delivery app operator, have agreed to jointly develop delivery robots cap...
Mar 19, 2021 (Gmt+09:00)
language -
RFPs
Korea VC FoF seeks offshore VC funds to commit $66 mn
The Korea Venture Investment Corp. (KVIC), which manages funds of venture capital funding vehicles, will pick offshore VC funds to commit around 75 ...
Mar 19, 2021 (Gmt+09:00)
-
SK Holdings, China’s Geely launch $300 million future mobility fund
South Korea’s SK Holdings Co. and China’s leading carmaker Zhejiang Geely Holding Group Co. have launched a $300 million joint fund...
Mar 18, 2021 (Gmt+09:00)
language -
Pension funds
KIC, Korean pension funds in hunt for new C-level execs
South Korea's Police Mutual Aid Association (PMAA) has been looking for a new chief investment officer for a half year, while the sovereign wealth f...
Mar 17, 2021 (Gmt+09:00)
-
Pension funds
NPS commits $500 mn to Blackstone life science property fund
The National Pension Service has committed $500 million to Blackstone's new life science real estate fund that is expected to raise over $12 billion...
Mar 17, 2021 (Gmt+09:00)
-
Electric vehicles
SK, POSCO agree to develop new lightweight materials for future mobility
South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...
Mar 08, 2021 (Gmt+09:00)
-
Regulations
Offshore fund registration delays put asset managers in bind
South Korea's top financial regulator has been taking longer than the usual three months to review applications of offshore funds, dealing a heavy b...
Mar 04, 2021 (Gmt+09:00)
-
Pension funds
Korea’s military fund looking for new financial division chief
South Korea’s Military Mutual Aid Association (MMAA) is looking for the successor of its financial division chief Kim Jae-dong, whose extended...
Mar 04, 2021 (Gmt+09:00)
-
Logistics
China logistics firms yield decent returns for Korean investors
MBK Partners and two leading South Korean conglomerates – SK and CJ groups – have chalked up hefty returns from investments in Chinese l...
Mar 03, 2021 (Gmt+09:00)
language -
Hydrogen economy
Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation
South Korea’s auto giant Hyundai Motor Group and energy conglomerate SK Group have agreed to tie up in hydrogen-related projects as part of an...
Mar 02, 2021 (Gmt+09:00)
language -
Private equity
Bain Capital to invest $360 mn in Korea’s top ERP developer
Bain Capital has agreed to invest around 400 billion won ($360 million) in South Korea’s leading enterprise resource planning (ERP) software d...
Mar 02, 2021 (Gmt+09:00)
language -
Sovereign wealth funds
KIC sees pre-pandemic level economic recovery as early as H2
A senior investment manager of the Korea Investment Corporation (KIC) said on Thursday that the global economy may return to pre-pandemic levels lat...
Feb 26, 2021 (Gmt+09:00)
-
Shareholder activism
US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off
US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...
Feb 25, 2021 (Gmt+09:00)
-
Alternative investments
Yellow Umbrella Mutual to deploy $135 mn to blind pool funds in 2021
South Korea's Yellow Umbrella Mutual Aid Fund will commit about 120 billion to 150 billion won ($108 million-$135 million) to blind pool funds of ve...
Feb 23, 2021 (Gmt+09:00)
-
Hydrogen economy
Hyundai Motor, POSCO steelmaking tie-up to develop hydrogen tech
South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead of coking coal to p...
Feb 23, 2021 (Gmt+09:00)
language -
Korean games
Netmarble buys majority stake in US game maker Kung Fu Factory
Netmarble Corp., a South Korean mobile game developer, has acquired a majority stake in Kung Fu Factory, a US independent game company, for an undis...
Feb 22, 2021 (Gmt+09:00)
-
Celltrion eyes COVID-19 vaccine development
South Korea-based Celltrion Inc. has alluded to the possibility of developing a COVID-19 vaccine on the grounds that securing a vaccine is essential...
Feb 19, 2021 (Gmt+09:00)
language -
Alternative investments
NPS makes first investment in timberland via UK fund
The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...
Feb 18, 2021 (Gmt+09:00)
-
Alternative investments
Korean banks fund alternative deals with $540 mn loans via KIC
South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...
Feb 09, 2021 (Gmt+09:00)
Latest News
- 1 S.Korean defense firms stand to gain if Harris wins Nov. election
- 2 Lotte chief bets on K-food boom for global expansion
- 3 South Korea signs MOU on Philippine nuclear safety checks, eyes plant deals
- 4 Samsung's Lee inspects MLCC plant in Philippines as it eyes turnaround
- 5 LG Energy aims to more than double sales to $50 billion by 2028