Global Logistics Center
Scope
Date
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Defense
Global partnership pushes Hanwha into final round of Aussie armored vehicle deal
Hanwha Defense Co. has reached the final stretch in a race to win Australia’s 5-trillion won (US$4.2 billion) project to buy new infantry fighti...
Aug 19, 2020 (Gmt+09:00)
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Logistics
KB Securities buys Amazon’s Edinburgh logistics center for $86.5 mn: report
KB Securities Co. has reportedly acquired Amazon’s logistics center in Edinburgh, Scotland, for 102.5 billion won ($86.5 million), which the onl...
Aug 18, 2020 (Gmt+09:00)
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Machinery
Korean shipyards retake global top spot in July with pricey LNG vessels
South Korean shipbuilders replaced their Chinese rivals to take the top spot in the global order book last month, thanks to their supremacy in buildin...
Aug 11, 2020 (Gmt+09:00)
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Logistics
Tiger Alternative near closing $247 mn Home Depot logistics center deal: report
Tiger Alternative Investors Co. Ltd. is in the final stages of negotiations to acquire a new distribution center in Texas for $247 million, now leased...
Aug 11, 2020 (Gmt+09:00)
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Airlines
Korean Air, Asiana log earnings surprises on cargo flights as global rivals record losses
Korean Air Lines Co. and Asiana Airlines Inc. have bucked the global trend of the devastating aviation industry and made rare quarterly profits, as th...
Aug 07, 2020 (Gmt+09:00)
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RFP
[Updated RFP] Korea Post seeks two global debt fund houses for $170 mn mandate
(On August 25, Korea Post extended the deadline for submitting proposals for its global debt investment mandate to August 31, 2020 from August 19, 202...
Aug 07, 2020 (Gmt+09:00)
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Pension fund
NPS to add 200 global investment staff to cut fees, emulating CPPIB
The National Pension Service plans to carry out about a fivefold increase in overseas staffing by 2024 which will help to reduce external management f...
Jul 31, 2020 (Gmt+09:00)
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IPOs
[Upcoming IPO] Korean streaming service Watcha secures funding to join global players like Netflix
Watcha, a Korean streaming platform, is gearing up to tap into Japan and Southeast Asian markets following the completion of Series D funding worth 19...
Jul 23, 2020 (Gmt+09:00)
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Logistics
Korean logistics centers see high demand from untact businesses amid global pandemic
Logistics center operations in Korea have remained strong amid the global pandemic on account of e-commerce and third-party logistics' ...
Jul 22, 2020 (Gmt+09:00)
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Tech, Media & Telecom
Why Korean online giants Kakao and Naver soar amid global pandemic
Shares of South Korean online giants Kakao Corp. and Naver Corp. recorded all-time highs last week, ahead of their quarterly earnings results and on e...
Jul 13, 2020 (Gmt+09:00)
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IPOs
Korea’s IPO market gains steam amid global pandemic
SK Biopharmaceuticals Co. Ltd. made a strong market debut on the Korea Exchange, as the country's IPO market has been gaining steam with newly listed ...
Jul 02, 2020 (Gmt+09:00)
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Hyundai Motor
Hyundai, Hankook Tire may rebuild relations with new test-driving center
Hyundai Motor Group has reached a tentative agreement to build the country’s biggest test-driving center at a new tire testing facility of Hanko...
Jun 17, 2020 (Gmt+09:00)
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Asset allocation
NPS to ramp up global equities exposure over next 5 years
The National Pension Service (NPS) will continue to raise exposure to global equities over the next five years, despite concerns about the impact of t...
May 21, 2020 (Gmt+09:00)
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Logistics
Midas Asset acquires German logistics portfolio for $217 mn
Seoul-based Midas Asset Management has acquired three logistics assets in Germany, including an Amazon-leased facility, for 200 million euros ($217 mi...
May 13, 2020 (Gmt+09:00)
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Logistics
Canada and Dutch pension funds to launch $1 bn Korean logistics JV with ESR
Canada Pension Plan Investment Board (CPP Investments), the Netherlands’ APG and China’s logistics property developer ESR have agreed to s...
Apr 24, 2020 (Gmt+09:00)
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Alternative investment
Korean LPs receive massive capital calls from global funds
Pension schemes and savings funds in South Korea are busy responding to a flood of capital calls simultaneously from foreign investment firms which ar...
Apr 02, 2020 (Gmt+09:00)
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7863
Mirae Asset to sell up to $600 mn global debt for investment
Mirae Asset Daewoo Co. Ltd. plans to issue a global bond worth $500 million to $600 million as early as April for the third year of offshore debt sale...
Mar 07, 2020 (Gmt+09:00)
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M&A
Shinhan backs AMP Capital’s $763 mn US data center acquisition
Shinhan Investment Corp. has provided 194.1 billion won ($162 million) in financing for AMP Capital’s 911 billion-won ($763 million) acquisition...
Feb 03, 2020 (Gmt+09:00)
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Pension fund
NPS abolishes Korea-focused alternatives teams for global push
The National Pension Service (NPS) has abolished Korea-focused teams under the three investment divisions of private equity, real estate and infrastru...
Jan 09, 2020 (Gmt+09:00)
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Pension fund
POBA to commit $111 mn to AXA’s $1.6 bn Europe logistics fund
The Public Officials Benefit Association (POBA) will commit around 130 billion won ($111 million) to AXA Investment’s 1.4 billion euro ($1.6 bil...
Jan 03, 2020 (Gmt+09:00)
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Logistics
POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio
The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...
Dec 12, 2019 (Gmt+09:00)
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Korean startups
DTCP to scale Korean start-ups into global unicorns
Deutsche Telekom CEO Tim Hoettges visited SK Telecom in June and discussed ways to collaborate in 5G mobile communication services. The two companies ...
Dec 03, 2019 (Gmt+09:00)
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Pension fund
[RFP] Construction workers’ fund to commit $25 mn to global infra debt fund
The Construction Workers Mutual Aid Association (CWMA) plans to commit $25 million to a global infrastructure blind-pool fund investing in senior or m...
Nov 20, 2019 (Gmt+09:00)
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Logistics
Samsung Sec buys Amazon logistics center in Czech for $160 mn: report
Samsung Securities Co. Ltd. has bought Amazon’s only logistics center in Czech Republic for 186 billion won ($160 million), in its fourth acquis...
Oct 31, 2019 (Gmt+09:00)
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[RFP] Korea Post plans $200 mn global housing investment
Korea Post’s savings arm plans to select two global real estate managers to invest $200 million, or 200 million euros, in the housing market in the US...
Sep 23, 2019 (Gmt+09:00)
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KTCU, SK Holdings to launch $1 bn fund for global co-investment
The Korean Teachers’ Credit Union (KTCU) will set up a $1 billion joint fund with South Korea’s SK Holdings Co. Ltd. to make cross-border investme...
Sep 19, 2019 (Gmt+09:00)
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Nuveen Real Estate buys Korea’s last-mile logistics facility
Nuveen Real Estate, the investment arm of the Teachers Insurance and Annuity Association of America, has acquired a last-mile logistics center near Se...
Aug 08, 2019 (Gmt+09:00)
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[RFP] POBA to allocate $150 mn to global PEFs
The Public Officials Benefit Association (POBA) plans to commit around $150 million to global blind-pool private equity funds to invest in buyout/grow...
Jul 24, 2019 (Gmt+09:00)
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Korea’s 1st logistics public fund unveiled for Amazon’s Europe facilities
IGIS Asset Management Co. Ltd. has launched South Korea’s first public fund investing in logistics centers, targeting to raise up to 245 billion won (...
Jul 10, 2019 (Gmt+09:00)
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Credit Suisse-led fund buys Korean logistics centers for $104 mn
A fund led by Credit Suisse Asset Management’s real estate investment arm has acquired two logistics centers in South Korea for 120 billion won ($104 ...
Jul 01, 2019 (Gmt+09:00)
Latest News
- 1 Alipay’s rise puts Korea on alert to private data breaches
- 2 GS E&C plans to sell entire stake in GS Elevator to Chinese firm
- 3 Hanwha Aerospace to spin off non-core units for defense sector
- 4 SK Telecom releases Liberation Day remastering video
- 5 LG seeks to supply tandem OLED to Bentley, Cadillac