Mirae Asset Life Insurance
Scope
Date
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Korean investors' survey
Korean investors pick private debt as preferred asset class
South Korea’s institutional investors, including pension funds, mutual aid associations and insurers, plan to increase the private debt portion ...
Oct 27, 2020 (Gmt+09:00)
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Alternatives
Korean insurers, Shinhan Alternative commit $130 mn in KKR CMBS fund
South Korea's insurers along with Shinhan Alternative Investment Management Inc. have committed $130 million in the real estate stabilized credit (RES...
Oct 23, 2020 (Gmt+09:00)
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Star choreographer inspires in four-minute offerings
She's the choreographer of One Million Dance Studio with more than 20 million YouTube subscribers, choreographer of K-pop stars such as Hyo-ri Lee, Gi...
Oct 21, 2020 (Gmt+09:00)
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ASK Summit 2020
KED to host alternative investment summit for Korean, global asset managers
The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investo...
Oct 16, 2020 (Gmt+09:00)
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Interview
Blackstone leans into warehouse, life science properties
The Blackstone Group, which four years ago held the world’s largest hotel portfolio, has shed most of its hotel investments over the past few ye...
Oct 14, 2020 (Gmt+09:00)
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ASK Summit 2020
KED to host alternative investment summit for Korean, global asset managers
The Korea Economic Daily (KED) is hosting its global alternative investment conference ASK 2020 in Seoul on Oct. 28 for Korean institutional investors...
Oct 14, 2020 (Gmt+09:00)
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Multi asset funds
Yellow Umbrella Mutual to invest $500 mn in global multi-asset funds
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, has entrusted two Korean asset managers ...
Oct 05, 2020 (Gmt+09:00)
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IPOs
Hyosung to accelerate asset sales, IPOs to spur growth in hydrogen, data businesses
Hyosung Group, a South Korean textile and chemicals conglomerate, is accelerating efforts to sell assets and list major subsidiaries on the local bour...
Oct 05, 2020 (Gmt+09:00)
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AXA General sale off to shaky start with Kyobo Life as sole bidder
The sale process of AXA General Insurance Co. got off to a shaky start with only Kyobo Life Insurance Co. making a preliminary bid on Sept. 18. S...
Sep 18, 2020 (Gmt+09:00)
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Hyundai Capital sells $2.5 bn dollar bond; Tongyang Life issues $300 mn perpetual bond
Hyundai Capital America, the US capital arm of Hyundai Motor Group, has issued $2.5 billion worth of global bonds, the largest amount for a local comp...
Sep 16, 2020 (Gmt+09:00)
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Alternative investments
Mirae Asset named preferred negotiator for 3 Amazon-leased logistics centers in US
Mirae Asset Global Investments Co. has been named the preferred negotiator to acquire three logistics centers in the US leased to American retail gian...
Sep 09, 2020 (Gmt+09:00)
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Infrastructure
Mirae Asset to launch $252 mn Europe infrastructure fund
Mirae Asset Global Investments Co. is preparing to launch a 300 billion won ($252 million) vehicle to invest in a European infrastructure fund.Accordi...
Sep 08, 2020 (Gmt+09:00)
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Corporate governance
Samsung Life shares rally as governance issue looms on likely stake sale
Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...
Sep 02, 2020 (Gmt+09:00)
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Private equity
Hanwha Life commits $400 mn to KKR’s new Asia buyout fund
Hanwha Life Insurance Co. Ltd., South Korea’s second-biggest life insurer, has committed around $400 million to KKR & Co.’s new Asia b...
Aug 25, 2020 (Gmt+09:00)
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M&A
Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General
AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...
Aug 19, 2020 (Gmt+09:00)
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Private equity
Foreign insurers’ Korean units likely up for sale on tougher rules, falling profits
Following in the footsteps of Prudential Financial Inc., foreign insurance companies are expected to put their Korean units up for sale to meet tighte...
Aug 11, 2020 (Gmt+09:00)
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Joblessness rate
Korea’s July jobless claims hit $1 bn; insurance funds’ deficit to widen
South Korea's jobless claims payments topped 1 trillion won ($842 million) for the third consecutive month in July, threatening to widen the shortfall...
Aug 10, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna’s Korean unit says no decision yet on its possible sale
LINA Life Insurance Co., wholly owned by the US life insurance group Cigna, said on August 6 that its parent group has not made a decision to sell the...
Aug 06, 2020 (Gmt+09:00)
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Reinsurance
Carlyle to enter Korea’s reinsurance market with Korean Re for embattled insurers
The Carlyle Group has joined hands with Korean Re, the largest reinsurer in South Korea, to become the first co-reinsurance providers in a market esti...
Aug 04, 2020 (Gmt+09:00)
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Pension fund
NPS creates active management team for overseas traditional assets
The National Pension Service will set up teams in its overseas offices to directly handle active investments in traditional assets such as equiti...
Aug 03, 2020 (Gmt+09:00)
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Insurance
US insurer Cigna to put Korean life insurance arm up for sale
The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...
Jul 24, 2020 (Gmt+09:00)
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Asset management
Shinhan Financial in search to acquire traditional asset manager
Shinhan Financial Group, one of Korea's largest financial holding firms, has reached out to asset management companies that are well-versed ...
Jul 20, 2020 (Gmt+09:00)
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Startup
Mirae Asset co-leads $100 mn financing for China’s biotech startup
Mirae Asset Financial Group has invested $28 million in Shanghai-based biotechnology startup JW Therapeutics, about a quarter of $100 million financin...
Jun 12, 2020 (Gmt+09:00)
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Korean Air
Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales
Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...
May 13, 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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Anbang Insurance
Mirae Asset scraps $5.8 bn US hotels deal with China’s Anbang
Mirae Asset Global Investments Co. Ltd. notified Anbang Insurance Group on May 3 of its decision to cancel a $5.8 billion acquisition of 15 US luxury ...
May 04, 2020 (Gmt+09:00)
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Private equity
Mirae Asset says no financing problem with closing $5.8 bn hotels deal
Mire Asset Global Investments Co. Ltd. has no problem with financing a $5.8 billion acquisition of 15 luxury hotels from Anbang Insurance Group and is...
Apr 29, 2020 (Gmt+09:00)
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Airlines
Korean Air may sell core assets estimated at $2.4 bn to ease cash crunch
Hanjin Group, parent of Korean Air Lines Co. Ltd., is considering selling three core businesses of the carrier -- in-flight meal service, mileage prog...
Apr 27, 2020 (Gmt+09:00)
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Alternative investment
POBA eyes distressed assets; reduces office buildings exposure
The Public Officials Benefit Association (POBA) will aggressively chase distressed assets to take advantage of the recent market downturn, while scali...
Apr 21, 2020 (Gmt+09:00)
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Private equity
Mirae Assets logs 150% return from German biotech startup exit
Mirae Asset Daewoo Co. Ltd. has earned a 150% return on a $15 million investment in German biotechnology firm BioNTech SE in nine months, securing $22...
Apr 17, 2020 (Gmt+09:00)