META Technology 2.0
Scope
Date
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Asiana Airlines
HDC-Mirae Asset consortium takes majority in Asiana Airlines for $2.2 bn
A consortium of Hyundai Development Company (HDC) and Mirae Asset Daewoo Co. Ltd. has agreed to take a 76.5% stake in Asiana Airlines Inc. for 2.5 tri...
Dec 29, 2019 (Gmt+09:00)
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Infrastructure
Macquarie seeks co-investors for over $2 bn Korean gas firm purchase
Macquarie’s investment unit may attract Singapore’s sovereign wealth fund GIC and other limited partners of its Asia infrastructure fund a...
Dec 17, 2019 (Gmt+09:00)
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Prudential Financial
Prudential seeks to sell Korean insurance arm in estimated $2 bn deal
Prudential Financial Inc. has put its South Korean life insurance arm on the market, as the US insurance giant is seeking to shed part of overseas ass...
Dec 03, 2019 (Gmt+09:00)
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Alternative investment
AMP Capital’s $6.2 bn infrastructure fund raises $1.2 bn from Korea
Twenty-four South Korean institutional investors, including the National Pension Service, the Korean Teachers’ Credit Union and the Public Offic...
Nov 18, 2019 (Gmt+09:00)
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Asiana Airlines
Mirae Asset consortium likely to clinch $2.1 bn Asiana Airlines deal
A consortium of Mirae Asset Daewoo Co. Ltd. and Hyundai Development Company (HDC) is set to be announced as a preferred buyer of a controlling stake...
Nov 10, 2019 (Gmt+09:00)
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Infrastructure
Macquarie tipped to buy Korea’s top industrial gas producer for $2.2 bn
Macquarie Group has approached MBK Partners to acquire Daesung Industrial Gases Co. Ltd. and offered around 2.5 trillion won ($2.2 billion) for full o...
Nov 07, 2019 (Gmt+09:00)
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Mirae Asset teams up with builder for $1.2 bn Asiana Airlines deal
Mirae Asset Daewoo Co. Ltd. has attracted Hyundai Development Company (HDC) as a strategic partner to bid for a controlling stake in debt-ridden A...
Sep 03, 2019 (Gmt+09:00)
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CVC to buy Korea’s No.2 hotel booking app in $300 mn deal
CVC Capital Partners is set to buy a controlling stake in South Korea’s No. 2 accommodation booking app operator and in separate talks with minority s...
Aug 02, 2019 (Gmt+09:00)
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[ASK 2019 SUMMIT] NPS to allocate $2 bn to single hedge funds in 2019
The National Pension Service (NPS) will allocate $2 billion to single-manager hedge funds this year in its first direct investment in hedge funds, whi...
May 17, 2019 (Gmt+09:00)
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Two French offices draw Korean bidders in $1.2 bn deals
Korea Investment & Securities Co. Ltd. is nearing a 370 billion won ($330 million) deal to buy an office complex near Paris, while a South Korean ...
Feb 26, 2019 (Gmt+09:00)
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Meritz extends $325 mn credit to fund $2.25 bn Australia coal mine deal
Meritz Financial Group, a non-banking financial services firm in South Korea, has offered a $325 million subordinated loan to finance the $2.25 bill...
Aug 03, 2018 (Gmt+09:00)
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EQT to raise $70 mn from two Korean funds for $2.3 bn credit fund: report
Swedish private equity firm EQT Partners is gathering €60 million ($70 million) from two South Korean retirement funds and seeking to raise an additio...
Aug 02, 2018 (Gmt+09:00)
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[Interview] Blockchain technology to cut property transaction cost: Bitcoin.com CEO
“The impact of blockchain technology will not be limited within financial markets. Blockchain technology will also impact real estate transactions, sm...
Jul 27, 2018 (Gmt+09:00)
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NPS sees 2 deputy CIO job creations in investment dept reorganization
The National Pension Service (NPS) is considering creating two positions of deputy chief investment officers, one of whom will lead domestic and globa...
Jul 26, 2018 (Gmt+09:00)
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Macquarie’s $2.3 bn Europe infra fund raises $405 mn from Korea
Macquarie's new European infrastructure fund, which targets a €2 billion ($2.3 billion) fundraising, has drawn €350 million ($405 million) from South ...
Jun 10, 2018 (Gmt+09:00)
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US Golub Capital’s $2 bn debt fund may raise over $40 mn from Korea
South Korean brokerage firm Shinhan Investment Corp. and a retirement savings fund have decided to commit $20 million each to a $2 billion private deb...
Sep 04, 2017 (Gmt+09:00)
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NPS’ per employee AUM rises to $2.1 bn in 2016: report
Each investment management staff at South Korea’s National Pension Service (NPS) oversaw 2.4 trillion won ($2.1 billion) in assets in 2016 on average,...
Apr 21, 2017 (Gmt+09:00)
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Hana Asset raises €44.2 million in FoF to invest in CVC private debt fund
The investment firm of South Korea’s Hana Financial Group has raised €44.2 million ($47 million) mostly from domestic life insurers through a private ...
Apr 14, 2017 (Gmt+09:00)
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Korean investors mull investing in Ares Management’s $2.5 bn US private debt fund
South Korean institutional investors, including the Korean Scientists and Engineers Mutual-aid Association, Nonghyup Life Insurance Co. Ltd. and Lotte...
Jan 30, 2017 (Gmt+09:00)
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Korea Post’s savings arm targets 2-3% medium-risk assets; keen on CMBS, CLO: report
Korea Post’s Savings Bureau has been shifting overseas investment focus into relatively low-risk assets such as fixed-income assets since last year to...
Jan 12, 2017 (Gmt+09:00)
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NPS to invest $100 mn in consumer-focused L Catterton’s $2.5 bn fund
South Korea’s National Pension Service (NPS) will commit $100 million to a new fund that L Catterton, a consumer-focused private equity firm, is curre...
Oct 07, 2016 (Gmt+09:00)
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NPS confirmed to join €3.2 bn joint lawsuit against Volkswagen
South Korea’s National Pension Service (NPS), the world’s third-largest pension scheme, has joined the California pension fund CalPERS and other insti...
Sep 30, 2016 (Gmt+09:00)
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KIC completes senior officials reshuffle with 2 steering committee member picks
(Updated on July 12, 2016 to clarify a previous business title of Chun-woong Park, a new steering committee member, as the head of the Korean arm of E...
Jul 05, 2016 (Gmt+09:00)
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POBA to pick 2 global infrastructure fund firms in June for $85 mln investment – report
South Korea’s Public Officials Benefit Association (POBA), a savings fund for local public officials, plans to select two offshore infrastructure inve...
May 27, 2016 (Gmt+09:00)
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NPS shortlists fund of hedge fund GPs for $1 bln mandate; to pick final 2 firms in Q3
- BlackRock, Blackstone, Grosvenor & UBS are on the shortlist - Hedge funds with big market share & established systems to be chosen prefer...
May 23, 2016 (Gmt+09:00)
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KIC aims to pick domestic GPs to manage $2 billion overseas infrastructure fund
- To select 2~3 local asset managers or securities firms as GPs - If fails to bring in local GPs, it will open the door to foreign asset managers ...
May 16, 2016 (Gmt+09:00)
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Tech, Media & Telecom
SPIKE. NO EDIT HERE. Hyundai Motor Group to adopt digital twin technology
Hyundai Motor Group plans to adopt digital twin, a technology that allows the automaker to make a digital replica of a real car for simulation not...
1 MINUTES AGO
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Mergers & Acquisitions
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., the co...
1 MINUTES AGO
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Korean startups
Up to 70 mn won support given to young entrepreneurs using public tech (edited)
The Ministry of SMEs and Startups announced on Friday a new program to support young entrepreneurs under the age of 39 who are interested in startin...
1 MINUTES AGO
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Tech, Media & Telecom
S.Korea to allocate 70% of annual R&D budget to 11 core tech areas
The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...
1 MINUTES AGO
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