NPS Korea investment portfolio
Scope
Date
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Foreign exchange
Korea won at three-year high vs yen on rate differentials
South Korea’s won currency on Monday hit its strongest point against the Japanese yen in more than three years on higher interest rates and co...
Mar 28, 2022 (Gmt+09:00)
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IPOs
Kurly applies for Korea IPO to raise about $800 mn
South Korea's Kurly Inc. on Monday applied for a preliminary review of its initial public offering, the Korea Exchange said, as the operator of groc...
Mar 28, 2022 (Gmt+09:00)
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Korean startups
Art investment platform operator Yeolmae Co. raises $14 mn in Series B
South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...
Mar 28, 2022 (Gmt+09:00)
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Private equity
MBK sees most productive year ever, returning $5.3 bn to investors
MBK Partners will be bold in moving into more Asian markets this year, wrote the company's founder and chairman Michael ByungJu Kim, in his annual l...
Mar 27, 2022 (Gmt+09:00)
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Beauty & Cosmetics
LG Household to lower reliance on Chinese market as shares slump
LG Household & Health Care Ltd. was one of the most coveted shares on the Korean bouse in the past couple of years as the company basked in the ...
Mar 25, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korea shipbuilders aim for strong demand on tougher rules
South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...
Mar 25, 2022 (Gmt+09:00)
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Content platforms
Korea's major fashion firms rush to embrace content marketing
Major South Korean fashion companies are speeding up their investment in content startups. F&F Holdings, the distributor of the US outdoor brand...
Mar 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S buys EverCharge to enter US EV charging market
South Korea’s SK E&S Co. acquired US electric vehicle charging solution provider EverCharge Inc. to start the business in the world’...
Mar 25, 2022 (Gmt+09:00)
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Future mobility
Kia plans new Korea plant first time in 25 years for purpose-built vehicles
Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...
Mar 24, 2022 (Gmt+09:00)
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North Korea
North Korea launches another unknown projectile
SEOUL—North Korea launched an unknown projectile off its east coast on Thursday, the military in Seoul said, as the Kim Jong Un regime conti...
Mar 24, 2022 (Gmt+09:00)
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Corporate investment
South Korea's 2021 outbound FDI at record-high $76 bn
South Korea's outbound direct investment in 2021 soared 32.8% from the year previous to a record-high $75.9 billion, led by financial investors and ...
Mar 24, 2022 (Gmt+09:00)
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Corporate restructuring
Lotte Confectionery to merge with Lotte Food
Lotte Group will merge its confectionery and foodstuff businesses, South Korea's fourth-largest conglomerate announced Wednesday.Lotte Confectionery...
Mar 24, 2022 (Gmt+09:00)
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Capital raising
Samsung, Hyundai amass record-high levels of cash
Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...
Mar 24, 2022 (Gmt+09:00)
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Cryptocurrencies
SK tipped to be Korea's 1st group to issue digital coins
SK Square Co., the investment arm of SK Group, is working on issuing its own digital currency within the year, according to people with knowledge of...
Mar 23, 2022 (Gmt+09:00)
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Central bank
Korea names IMF official as new central bank head
South Korea on Wednesday nominated veteran International Monetary Fund official Rhee Chang-yong as the country’s new central bank chief, who i...
Mar 23, 2022 (Gmt+09:00)
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Blockchain
Krafton signs MOU with Solana for blockchain-based games and services
South Korea’s leading game developer Krafton Inc. announced Wednesday it signed a memorandum of understanding with San Francisco-based Solana ...
Mar 23, 2022 (Gmt+09:00)
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Real estate
Korea's hotel deals hit record-high $1.4 bn in 2021: JLL
Hotel deals in South Korea hit a record high of 1.7 trillion won ($1.4 billion) in 2021, up 80% from the previous year, said global real estate serv...
Mar 23, 2022 (Gmt+09:00)
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Metaverse
Naver Z invests in multiple metaverse-related startups to beef up Zepeto
Naver Z Corp. invested in more than eight companies so far this year, according to people familiar with the deals. Naver Z is the operator of Asia...
Mar 23, 2022 (Gmt+09:00)
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Alternative investments
Korea's new asset managers survive with competitive edge
Most new asset management firms in South Korea end up lagging the competition due to their smaller sizes. They suffer from operating losses ...
Mar 22, 2022 (Gmt+09:00)
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Batteries
POSCO to invest $4 bn in Argentina battery materials project
South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...
Mar 22, 2022 (Gmt+09:00)
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Banking & Finance
Korean online banks’ disruptive business model: Woo low-credit borrowers
South Korea’s three major digital banks are stepping up their credit loans to borrowers with low credit ratings, a disruptive business model s...
Mar 22, 2022 (Gmt+09:00)
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Korean chipmakers
Samsung Electro-Mechanics to invest $245 mn more in capex
South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...
Mar 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
CJ ENM to invest $82 million in KT to strengthen OTT partnership
South Korean entertainment powerhouse CJ ENM Co. said on Monday it will invest 100 billion won ($82.3 million) in KT Studio Genie, a content produ...
Mar 21, 2022 (Gmt+09:00)
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Korean startups
Acqui-hire practices increase in S.Korea’s startup ecosystem
Jobis & Villains, the operator of artificial intelligence-powered accounting platform 3.3, announced that it recently acquired video messenger s...
Mar 21, 2022 (Gmt+09:00)
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Retail
Korea rises as test bed for global luxury brands
South Korea is becoming a test bed for global high-end brands such as Balenciaga, Valentino, IWC and Breitling. The world's top luxury brands, pre...
Mar 21, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea Hana teams up with British developer Nick Candy in Chelsea bid
South Korea’s Hana Financial Group has joined the race to buy English Premier League club Chelsea in a consortium with British property develo...
Mar 20, 2022 (Gmt+09:00)
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War in Ukraine
Korea to open temporary settlement lines for trade with Russia
South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...
Mar 18, 2022 (Gmt+09:00)
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Private equity
Goldman exits Korean beauty startup without profit
Goldman Sachs has divested of its stake worth 75 billion won ($62 million) in South Korea's cosmetics startup GP Club Co. without a profit due to de...
Mar 18, 2022 (Gmt+09:00)
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Korean chipmakers
SK Siltron to invest $300 mn in US capacity expansion
Auburn, Michigan – South Korea’s silicon wafer maker SK Siltron Co. will invest $300 million to increase production capacity by ten time...
Mar 18, 2022 (Gmt+09:00)
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IPOs
Korean IPOs delayed after bourse's sweeping reshuffle
Scores of South Korean initial public offerings slated for the first half of this year have been delayed after the bourse operator carried out a lar...
Mar 17, 2022 (Gmt+09:00)
Latest News
- 1 TheBorn Korea eyes M&As, overseas expansion after planned $73.7 million IPO
- 2 Korea's Hana Bank to promote foreigners as managers in overseas units
- 3 Samsung to unveil 400-layer bonding vertical NAND for AI servers by 2026
- 4 Korean LPs sharpen focus on GPs' post-investment management
- 5 LG Energy Q3 profit more than doubles on higher sales