Mirae Asset US Dividend Premium Fund
Scope
Date
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Alternative investments
IGIS pre-purchases Amazon, FedEx warehouses
IGIS Asset Management Co., South Korea’s largest real estate asset manager, has made a forward funding deal of three logistics centers under...
Dec 22, 2021 (Gmt+09:00)
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Electronics
LG Display OLED TV panel sales top 20 mn units on strong demand
South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...
Dec 22, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Engineering to make hydrogen from plastic waste
Hyundai Engineering Co., a construction unit of South Korea's Hyundai Motor Group, is spending 400 billion won ($336 million) to build a plant to pr...
Dec 22, 2021 (Gmt+09:00)
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Petrochemicals
DL Chem raises $1.8 bn for US leveraged buyout
DL Chemical Co. became the first South Korean company to acquire a US-listed company in a leveraged buyout. The Korean petrochemical company said on...
Dec 21, 2021 (Gmt+09:00)
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Metaverse
Strong Ventures, KB Investment invest in K-pop metaverse
South Korea’s KB Investment Co. and US venture capitalist Strong Ventures LLC have invested in Stan World, a K-pop metaverse platform operator...
Dec 21, 2021 (Gmt+09:00)
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Alternative Investments
Tiger Alternative liquidates its structured fund with over 15% IRR
South Korea’s Tiger Alternative Investors Co. has liquidated its structured fund backed by shares of US-based business development companies...
Dec 21, 2021 (Gmt+09:00)
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Pharamaceuticals
SK Biopharm releases epilepsy treatment in UK
South Korean SK Biopharmaceuticals Co. launched its epilepsy treatment Cenobamate in the UK, rapidly expanding the company’s presence in Europ...
Dec 21, 2021 (Gmt+09:00)
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Future mobility
Nexen Tire invests in US urban air mobility startup ANRA Technologies
Nexen Tire Corp., Korea’s third-largest tire maker, has made an undisclosed amount of equity investment in ANRA Technologies, a US urban air m...
Dec 20, 2021 (Gmt+09:00)
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Banking & Finance
Money moves back to safe assets in Korea amid rising interest rates
With stock and cryptocurrency fevers subsiding amid a monetary tightening bias, South Koreans are moving their money back to safe assets, as banks s...
Dec 20, 2021 (Gmt+09:00)
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Energy
Korea’s DL Energy to expand US power plant business
South Korea’s DL Energy is set to expand its power plant business in the US.DL Energy, formerly known as Daelim Energy, said on Dec. 17 that i...
Dec 17, 2021 (Gmt+09:00)
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Shareholder activism
Activist fund again urges SK Chem to sell SK Bioscience stake
An activist fund has again urged South Korea’s SK Chemicals to sell part of its stake in SK Bioscience or buy back treasury shares and cancel ...
Dec 17, 2021 (Gmt+09:00)
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Energy
SK to co-invest $50 mn in US-based Fulcrum BioEnergy
South Korea's SK Inc. on Thursday said it would co-invest $50 million in the US-based Fulcrum BioEnergy with a domestic private equity fund, in a bi...
Dec 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Magnachip, Chinese PEF Wise Road end $1.4 bn buyout deal
US-listed chipmaker Magnachip Semiconductor Corp. and Chinese private equity firm Wise Road Capital terminated their $1.4 billion buyout agreement...
Dec 15, 2021 (Gmt+09:00)
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Batteries
LG Energy to adopt Siemens' digital factory technology
South Korea's LG Energy Solution Ltd. plans to adopt Siemens AG's smart factory technology to accelerate the digitization of its battery manufacturi...
Dec 14, 2021 (Gmt+09:00)
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Pension funds
POBA, CalSTRS invest $40 mn in California multifamily assets
South Korea’s pension fund Public Officials Benefit Association (POBA) and US retirement fund The California State Teachers’ Retiremen...
Dec 13, 2021 (Gmt+09:00)
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Alternative investments
Patrizia sells Astro Tower in Brussels on behalf of Korean LPs
Patrizia AG, a Germany-based global leading real estate investment firm, said on Dec. 13 it has sold the shares of the company owning Brussels&rsq...
Dec 13, 2021 (Gmt+09:00)
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Korean startups
Hanwha, Musicow to launch JV in US for copyright trading abroad
Musicow Inc., a music copyright trading platform and one of the hottest startups in South Korea, will set up a joint venture in the US with Korean c...
Dec 10, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor to launch six EV models in India by 2028
South Korea's Hyundai Motor Co. will spend 40 billion rupees ($530 million) on research and development to launch six electric vehicle models in Ind...
Dec 08, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Galaxy Z Flip3 picked as Korea’s top mobile technology 2021
Samsung Electronics Co.'s latest flip phone, the Galaxy Z Flip3, has been chosen by South Korea’s science ministry as the country’s...
Dec 07, 2021 (Gmt+09:00)
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Asset management
Brokerages rush to outsourced fund management market
South Korea's brokerage companies are jumping into the outsourced chief investment officer (OCIO) market, outmaneuvering asset management firms, as ...
Dec 07, 2021 (Gmt+09:00)
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Pension funds
NPS, LaSalle jointly buy UBS Group London HQ for £1.3 bn
South Korea’s National Pension Service (NPS) and global real estate investment firm LaSalle Investment Management Inc. have agreed to acquir...
Dec 06, 2021 (Gmt+09:00)
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Private equity
Partners Group attracts Korea Post and local insurers to PE funds
Some major South Korean institutional investors have committed to Switzerland-headquartered global asset manager Partners Group's Secondary 2020 Fun...
Dec 06, 2021 (Gmt+09:00)
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Private debt
KTB Asset invests $51 mn in Norwegian shipowner Knutsen
South Korea’s KTB Asset Management Co. and Hanwha Investment & Securities Co. have jointly invested 60 billion won ($50.7 mililion) in s...
Dec 03, 2021 (Gmt+09:00)
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ROK-U.S. SCM
US and South Korea to update wartime plans for North Korea
SEOUL—The U.S. and South Korea said they would update their joint wartime contingency plans for North Korea, as the Kim Jong Un regime has&n...
Dec 03, 2021 (Gmt+09:00)
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Metaverse
Metaverse emerges as promising yet uncertain new world for investors
Virtual realms known as the metaverse that have become the hot topic for tech companies also are winning a new fan base among investors.SoftBank Gro...
Dec 03, 2021 (Gmt+09:00)
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Venture capital
Mirae Asset joins $260 mn funding for food delivery startup Jokr
Mirae Asset Global Investment Co., South Korea’s leading asset manager, has participated in a $260 million Series B funding for Jokr, a New ...
Dec 03, 2021 (Gmt+09:00)
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Automobiles
Hyundai Genesis, Kia attract record customers in US
Hyundai Motor Co.’s premium car brand Genesis and its affiliate Kia Corp. have logged record sales in the US so far this year, helping Hyundai...
Dec 02, 2021 (Gmt+09:00)
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Venture capital
Korea Venture Investment creates global fund worth $2 billion
Korea’s government-backed fund of funds (FOF) management institution announced its latest selection of funds late last month, which would bene...
Dec 02, 2021 (Gmt+09:00)
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Electric vehicles
POSCO International signs parts supply deal with US EV startup Rivian
POSCO International Corp., the trading unit of South Korea’s steel giant POSCO, said on Thursday it has signed a $6 million contract to supply...
Dec 02, 2021 (Gmt+09:00)
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Batteries
POSCO Chemical, GM to launch new battery material JV in US
South Korea’s POSCO Chemical Co. said on Thursday it is forming a new joint venture with US top automaker General Motors Co. to produce cathod...
Dec 02, 2021 (Gmt+09:00)
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