Macquarie European Infrastructure Fund 5
Scope
Date
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Real estate
IGIS fund defaults on loan linked to German office
A 370-billion-won ($270 million) real estate fund managed by IGIS Asset Management Co. faces a heavy loss from its investment in Trianon, a landmark...
Jun 04, 2024 (Gmt+09:00)
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Hydrogen economy
HD Hyundai supplies large hydrogen forklifts to Korea Zink
South Korea's HD Hyundai XiteSolution announced on Monday that it deployed its four 5-ton hydrogen forklifts in Korea Zinc Inc.'s Onsan Refinery and...
Jun 04, 2024 (Gmt+09:00)
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Fintech
Korea’s BC Card starts QR code payment service in Malaysia
South Korea’s credit card issuer BC Card Co. introduced its QR code payment service in Malaysia through cooperation with the country’s n...
Jun 03, 2024 (Gmt+09:00)
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Economy
Korea’s exports at 22-month high in May on chips, cars
South Korea’s exports hit a 22-month high in May, led by strong shipments of semiconductors and automobiles abroad, adding to hopes that overs...
Jun 02, 2024 (Gmt+09:00)
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Aerospace & Defense
Nara Space attracts $14.5 mn series B investment
South Korea's micro-satellite startup Nara Space Technology Inc. announced on Friday that it attracted a 20 billion won ($14.5 million) series B inv...
May 31, 2024 (Gmt+09:00)
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Pension funds
NPS logs 5.8% return in Q1 led by US tech stock rally
National Pension Service (NPS) of South Korea, the world’s third-largest pension fund, posted a 5.82% investment return for the first quarter ...
May 30, 2024 (Gmt+09:00)
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Food & Beverage
Lotte's sugar-free soju Saero to enter European market
South Korea's Lotte Chilsung Beverage Co. is poised to introduce its zero-sugar soju Saero to the European market next month, aiming to expand its g...
May 30, 2024 (Gmt+09:00)
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Energy
Korea’s HD Hyundai Electric wins $60 mn transformer deal in UK
South Korea’s electric equipment maker HD Hyundai Electric Co. said on Wednesday it has won a power transformer supply deal worth 47.1 million...
May 29, 2024 (Gmt+09:00)
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Steel
Dongkuk CM establishes European branch in Germany
Dongkuk Coated Metal Co. (Dongkuk CM), the cold-rolled steel business unit of South Korea's Dongkuk Steel Group, announced on Wednesday that it op...
May 29, 2024 (Gmt+09:00)
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Real estate
Korean brokerage firms seek to raise $1.2 bn in property funds
South Korean brokerage firms are scurrying to raise more than 1.7 trillion won ($1.24 billion) in private equity funds to bet on soured property loa...
May 24, 2024 (Gmt+09:00)
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Asset management
Niche real asset creates new opportunities, Korean investors say
The scope of real assets is expanding with new businesses such as infrastructure operating services and supply chain management, creating niche oppo...
May 23, 2024 (Gmt+09:00)
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Central bank
BOK sees more uncertainty in rate cut timing, ups growth forecast
The Bank of Korea said on Thursday it has grown more uncertain about when to cut interest rates despite expectations of easing the monetary policy g...
May 23, 2024 (Gmt+09:00)
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Construction
Korea Eximbank provides $1 bn in PF for Saudi Amiral project
The Export-Import Bank of Korea (Eximbank) announced on Thursday that it will provide $1 billion in project financing for the Amiral petrochemical f...
May 23, 2024 (Gmt+09:00)
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Chemical Industry
Japan’s Toray to spend $366 mn on Korean capacity expansion
Japan’s Toray Industries Inc., the leading global carbon textile manufacturer, plans to spend 500 billion won ($366.3 million) to expand eco-f...
May 22, 2024 (Gmt+09:00)
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Pension funds
POBA favors data centers, senior housing in Europe: CIO
South Korea’s Public Officials Benefit Association (POBA), a retirement fund with assets under management (AUM) of 26 trillion won ($19.1 bill...
May 22, 2024 (Gmt+09:00)
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Aerospace & Defense
SM Bexel supplies $14.7 mn lithium ampoule batteries to KDI
SM Bexel Co., the battery manufacturing arm of South Korea's SM Group, announced on Tuesday that it signed a supply contract worth 20 billion won ($...
May 21, 2024 (Gmt+09:00)
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Sovereign wealth funds
KIC eyes direct lending with high return potential: CEO
Sovereign wealth fund Korea Investment Corporation (KIC) seeks opportunities in direct lending for companies that are not cyclically sensitive and g...
May 21, 2024 (Gmt+09:00)
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Economy
Strong exports power S.Korea’s manufacturing job growth
South Korea’s job increases rebounded in April with growth in the manufacturing sector at a 17-month high on strong exports amid the semicondu...
May 17, 2024 (Gmt+09:00)
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Batteries
Hyundai Glovis to build waste battery management in Jeju
South Korea's Hyundai Glovis Co. will establish a management system for used electric vehicle (EV) batteries in Jeju Island. The company anno...
May 16, 2024 (Gmt+09:00)
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Korean stock market
MSCI Korea Index adds Alteogen, Enchem, HD Hyundai Electric
South Korea's Alteogen Inc., Enchem Co., and HD Hyundai Electric Co. will be added to the Morgan Stanley Capital International (MSCI) Korea Index.MS...
May 16, 2024 (Gmt+09:00)
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Central bank
S.Korea-Malaysia central banks renew currency swap agreement
Central banks of South Korea and Malaysia renewed a bilateral local currency swap arrangement for an additional three years, the Bank of Korea (BOK)...
May 14, 2024 (Gmt+09:00)
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Economy
Korea’s household debt growth at 5-month high on mortgages
South Korea’s household lending growth hit a five-month high in April as mortgage loans increased amid signs of a recovery in the property mar...
May 13, 2024 (Gmt+09:00)
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Bio & Pharma
MedInTech attracts $14.6 mn series B investment
MedInTech Inc., South Korea's medical smart endoscopes startup, announced on Monday that it attracted a series B investment of 20 billion won ($14.6...
May 13, 2024 (Gmt+09:00)
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Automobiles
Hyundai beats Volkswagen with world's 2nd-largest Q1 profits
South Korea's Hyundai Motor Group surpassed Volkswagen Group to claim the second-highest operating profit in the global automotive industry for the ...
May 13, 2024 (Gmt+09:00)
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Infrastructure
Macquarie Korea Asset Management confirms two nominees
Macquarie Group has named two executives at its Seoul-based real asset investment unit, which manages the main Kospi-listed Macquarie Korea Infrastr...
May 10, 2024 (Gmt+09:00)
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Corporate investment
Shinhan, POSCO invest $20 mn in Australian hydrogen startup Hysata
South Korean steel giant POSCO Holdings Inc. and banking conglomerate Shinhan Financial Group have invested a combined US$20 million in Australian g...
May 10, 2024 (Gmt+09:00)
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Markets
Korea to launch alternative stock exchange in 2025
South Korea will launch the country’s first alternative stock exchange Nextrade Co. in the first half of next year to enable stock trading for...
May 09, 2024 (Gmt+09:00)
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Venture capital
VC firm DSC Investment forms Korea's largest secondary fund
South Korean asset manager DSC Investment has formed the country’s largest-ever fund for venture capital secondaries to explore opportunities ...
May 09, 2024 (Gmt+09:00)
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Hydrogen economy
SK E&S builds world’s largest hydrogen liquefaction plant
SK E&S Co., a South Korean liquefied natural gas importer, has built the world’s largest hydrogen liquefaction plant in Incheon, west of S...
May 08, 2024 (Gmt+09:00)
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Cloud computing
NHN Cloud sets sights on GPU cloud service with Nvidia’s H100
NHN Cloud Corp., a cloud computing unit of South Korea’s internet company NHN Corp., is setting its sights on a graphics processing unit (GPU)...
May 08, 2024 (Gmt+09:00)