Mirae Asset Global Investments
Scope
Date
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Petrochemicals
SK, SABIC to invest $150 mn to boost Korean capacity
SK Geo Centric Co. and Saudi Basic Industries Corp. (SABIC) have agreed to co-invest 200 billion won ($150 million) to increase their production of ...
Aug 23, 2022 (Gmt+09:00)
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K-pop
K-pop, Toyota’s platform for marketing in the US
LOS ANGELES -- Toyota Motor Corp., the top global automaker, showcased its sports cars – the GR86 and the GR Supra – at the Los Angeles ...
Aug 23, 2022 (Gmt+09:00)
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Private equity
Growing sense of déjà vu of 2008 global financial crisis
Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...
Aug 22, 2022 (Gmt+09:00)
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Entertainment
China's high entry barriers for Korean films, dramas
“Oh! My Gran” was the only South Korean movie to hit the big screen in China in the past year. It was also the first Korean film to be p...
Aug 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung to invest $15 bn in semiconductor R&D complex
Samsung Electronics Co., the world’s top memory chipmaker, plans to spend 20 trillion won ($15.1 billion) by 2028 on an advanced semiconductor...
Aug 19, 2022 (Gmt+09:00)
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Real estate
Seoul advises Mirae to cut leverage for $3 bn IFC deal
South Korea’s land ministry has advised Mirae Asset Global Investments Co. to cut the proposed leverage for its 4.1 trillion ($3 billion) deal...
Aug 19, 2022 (Gmt+09:00)
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Private equity
SK taps Korean PE for $1.5 bn after Carlyle's Lee quit
SK On Co. has turned to domestic private equity firms to raise up to 2 trillion won ($1.5 billion) after talks with four big global funds have dried...
Aug 19, 2022 (Gmt+09:00)
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Corporate investment
Korea Inc. cuts factory runs, capex on record inventory
Samsung Electronics Co. and other major South Korean companies have reduced their plant operations and capital expenditures as weakening demand amid...
Aug 18, 2022 (Gmt+09:00)
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Steel
POSCO gains huge dividend from Roy Hill mine in H1
When South Korea’s leading steelmaker POSCO Group acquired a 12.5% stake in Australia’s Roy Hill mine for 1.52 trillion won ($1.2 billio...
Aug 18, 2022 (Gmt+09:00)
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Machinery
Daedong attracts investment from Kakao for smart mobility projects
Daedong Corp., South Korea’s leading tractor and farm machinery maker, has attracted 10 billion won ($7.6 million) from Kakao Mobility Corp. t...
Aug 18, 2022 (Gmt+09:00)
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Samsung Group
Samsung Group CEOs drum up support for Busan Expo 2030
Samsung Group affiliates’ CEOs are working to bring the World Expo 2030 to Busan in South Korea using their overseas networks. Samsung Electro...
Aug 17, 2022 (Gmt+09:00)
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Blockchain
S. Korea's digital asset exchange operators bulk up despite crypto winter
Despite being in crypto winter, or a period in which prices of major cryptocurrencies have slid and stayed low for weeks on end, South Korea's bigge...
Aug 17, 2022 (Gmt+09:00)
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Electronics
Remote work, small offices revive S.Korea's printer market
South Korea’s printer market has been recovering from a long slump as the rise of remote work and small or home offices has revived demand for...
Aug 17, 2022 (Gmt+09:00)
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Sovereign wealth funds
KIC appoints Lee Hoon as CIO and Jung Ho-seok as CRO
Korea Investment Corporation (KIC) said on Wednesday it has promoted Lee Hoon, its former head of investment strategy and innovation division, to th...
Aug 17, 2022 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics, Samsung C&T extends investment in US biotech firms
The Life Science Fund, jointly launched by Samsung Biologics and Samsung C&T Corp., announced Wednesday it invested $15 million in US biotech fi...
Aug 17, 2022 (Gmt+09:00)
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Electronics
Korean LED maker’s winning streak in global patent wars
Seoul Semiconductor Co., the world’s second-largest light-emitting diode (LED) display maker, has scored another win in patent litigation agai...
Aug 17, 2022 (Gmt+09:00)
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Carbon neutrality
SK Group invests $250 mn in Bill Gates’ nuclear reactor firm TerraPower
South Korea’s SK Group said on Monday it invested $250 million in TerraPower, a US venture founded by billionaire Bill Gates. The holdi...
Aug 16, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor Group rises to world’s third-largest automaker
South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...
Aug 16, 2022 (Gmt+09:00)
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Private debt
European direct lending offers investment edge: Permira
The direct lending market is garnering investor attention as it has performed well during periods of market volatility. As banks are cautious to t...
Aug 15, 2022 (Gmt+09:00)
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Pension funds
Korea's NPS upped alternative investment by 33% in 2021
The National Pension Service (NPS) of South Korea committed 204.4 trillion won ($156.7 billion) to alternative investment as of end-2021, up 32.7% f...
Aug 12, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Experts criticize Seoul's quantum computer development efforts
The United States: 4158. South Korea: 50These figures refer to the number of qubits in a quantum computer that each country seeks to develop by 2026...
Aug 12, 2022 (Gmt+09:00)
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Private equity
Korea's small PE firms putting fundraising plans off to 2023
South Korea’s small and mid-sized private equity firms are increasingly postponing fundraising schedules for their project-based funds to the ...
Aug 11, 2022 (Gmt+09:00)
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Robotics
Samsung Medical Center jobs global top 10 in robot-assisted surgeries
Samsung Medical Center announced Tuesday that it performed more than 15,000 robot-assisted operations in the first of this year. Last yea...
Aug 10, 2022 (Gmt+09:00)
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Real estate
Hanwha Life to spur global real estate investment via US subsidiary
South Korea’s Hanwha Life Insurance Co. is set to kick off direct investment in overseas real estate via its subsidiary in the US, according t...
Aug 10, 2022 (Gmt+09:00)
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Corporate restructuring
Korea Inc. rushes to cut debt as interest rates surge
South Korean companies scrambled for lowering debts and borrowing costs with new financial and business strategies as interest rates on corporate lo...
Aug 10, 2022 (Gmt+09:00)
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Corporate investment
Korea Zinc to invest $7.5 billion in green hydrogen, battery materials
Korea Zinc Co., the world’s largest lead and zinc smelter, plans to spend 9.74 trillion won ($7.5 billion) in renewable energy, green hydrogen...
Aug 09, 2022 (Gmt+09:00)
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Asset management
Specialty finance emerging on resiliency, diversification: M&G Investments
As global investors are seeking ways to protect their investment returns in an inflationary, rising rate environment, some asset managers are eyeing...
Aug 09, 2022 (Gmt+09:00)
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Petrochemicals
SK Geo Centric to build high value-added material plant in China
South Korea’s major petrochemical company SK Geo Centric Co. is set to build an ethylene acrylic acid (EAA) plant in China with a local partne...
Aug 09, 2022 (Gmt+09:00)
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Private equity
Carlyle CEO Lee’s sudden exit puts the PE’s Korea strategy in spotlight
The sudden resignation of The Carlyle Group Inc. Chief Executive Kewsong Lee has not just surprised the global investment community but raised quest...
Aug 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor between rock and a hard place over Russia operations
South Korea’s automotive juggernaut Hyundai Motor Co., which has invested heavily in Russia over the last several years, is stuck between a ro...
Aug 08, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer