NPS Korea investment portfolio
Scope
Date
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Energy
GS Energy to create renewable JV with Spain’s Iberdrola
South Korea’s leading oil and gas company GS Energy Corp., a wholly-owned subsidiary of GS Holdings, and Spain’s largest utility company...
Jun 16, 2021 (Gmt+09:00)
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E-commerce
Shinsegae-Naver consortium one step closer to eBay Korea acquisition
Shinsegae is the likely winner of the eBay Korea acquisition, outplaying its rival Lotte in the prolonged race to buy the country’s third larg...
Jun 16, 2021 (Gmt+09:00)
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COVID-19
CureVac may pick Korea as Asian base for COVID vaccine production
German biopharmaceutical company CureVac N.V. may choose South Korea as one of its global production bases for the COVID-19 vaccine following Korean...
Jun 16, 2021 (Gmt+09:00)
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Fintech
Naver, techfins poised to spark Korean loan market's Big Bang
South Korea's online giant Naver Corp. is preparing to join a government-initiated fintech platform, on which individual borrowers can directly sear...
Jun 16, 2021 (Gmt+09:00)
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Markets
Kakao becomes 3rd most valuable company in Korea
Kakao Corp. is now the third most valuable company in Korea, after Samsung Electronics Co. and SK Hynix Inc.Kakao’s market cap on June 15 surp...
Jun 15, 2021 (Gmt+09:00)
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IPOs
Hyundai Oilbank revives IPO push, expands blue hydrogen business
South Korean refiner Hyundai Oilbank Co. is seeking to list its shares on the local bourse next year, according to its parent Hyundai Heavy Industri...
Jun 15, 2021 (Gmt+09:00)
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Food & Beverage
Korea’s F&B exports to surpass $4.5 billion in 2021
South Korea’s food and beverage (F&B) exports set a new record in 2020 and are projected to rise even higher this year. According to Korea...
Jun 14, 2021 (Gmt+09:00)
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Korean startups
Service marketplace Soomgo raises nearly $30 mn in Series C round
South Korea-based Brave Mobile Inc., the operator of service matching platform Soomgo, has secured 32 billion won ($28.6 million) in a Series C fund...
Jun 14, 2021 (Gmt+09:00)
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E-commerce
Shinsegae inches closer to eBay Korea purchase; deal remains elusive
Shinsegae Group has inched closer to a deal to acquire eBay Korea that would see the South Korean retail giant emerge as an e-ecommerce behemoth wit...
Jun 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Failed M&As in Korea now draw excess of candidates with better outlook
South Korea’s M&A market is heating up as the outlook for the global economic recovery is becoming more comfortable this year.The M&A ...
Jun 14, 2021 (Gmt+09:00)
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Pension funds
Govt pension fund to ease due diligence to revive global deals
South Korea's Government Employees Pension Service (GEPS) has abandoned its onsite only due diligence requirements on alternative deals in an effort...
Jun 14, 2021 (Gmt+09:00)
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Banking & Finance
Hana Financial partners with Line to launch digital bank in Indonesia
Naver Corp.’s Japan-based messaging app affiliate Line Corp. is rapidly expanding its digital banking business in Asian countries outside Kore...
Jun 13, 2021 (Gmt+09:00)
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Central bank
Bank of Korea governor sends stronger signal to raise rates this year
South Korea’s central bank governor on Friday flagged a tighter monetary policy for the second time in less than a month, fueling expectations...
Jun 11, 2021 (Gmt+09:00)
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Korean startups
FastFive secures near $30 mn; pushes to become office solutions provider
South Korea's co-working space provider FastFive Co. announced on June 11 that it has raised 30 billion won ($27 million) from seven investors, brin...
Jun 11, 2021 (Gmt+09:00)
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Private equity
IMM Investment eyes $900 mn infrastructure fund launch
IMM Investment Corp., a South Korean alternative investment firm, is planning to raise 1 trillion won ($900 million) for its new infrastructure fund...
Jun 11, 2021 (Gmt+09:00)
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IPOs
Blackstone-invested handbag maker Simone applies for IPO review
South Korea’s luxury handbag maker Simone Acc. Collection Ltd., 30% owned by US private equity firm Blackstone, has kicked off a process to li...
Jun 11, 2021 (Gmt+09:00)
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Monthly trade infographics
Petroleum products rebound; Korea reaches all-time high April exports
Petroleum products become driving force behind South Korea's export market Exports of petroleum products turned positive this year, driving South K...
Jun 11, 2021 (Gmt+09:00)
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E-commerce
Shinsegae to raise $2 bn in secured loan for eBay Korea
South Korea's Shinsegae and Lotte groups, the two final contenders for eBay Korea, are hurrying to securitize their assets, even offering core real ...
Jun 11, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai, SK, POSCO, Hyosung agree to launch Korea’s hydrogen council
Hyundai Motor Group and three other South Korean conglomerates have agreed to launch an industry-wide consultative body on hydrogen, underscoring an...
Jun 10, 2021 (Gmt+09:00)
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Organizational restructuring
SKT to spin off; 5-for-1 stock split in November
South Korea’s largest mobile carrier SK Telecom Co. is moving forward with its spin-off plan announced in April. SK Telecom held a board meeti...
Jun 10, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hanon sale takes shape; Valeo, Mahle, LG among potential bidders
The much-touted sale of South Korea’s Hanon Systems Corp. is taking solid shape with names of potential bidders floating around in the market ...
Jun 10, 2021 (Gmt+09:00)
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Retail
UK lifestyle brand Barbour enters legal battle with 10-year partner in Korea
The recent decision by Barbour, the British lifestyle brand under J. Barbour & Sons Ltd., to transfer the rights to sell its products in South K...
Jun 10, 2021 (Gmt+09:00)
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Venture capital
NPS joins in TPG-led $125 mn funding for Kakao Mobility
The National Pension Service has committed $100 million to a TPG consortium that recently raised $116.8 million to invest in Kakao Mobility Co., Sou...
Jun 10, 2021 (Gmt+09:00)
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Batteries
Samsung SDI mulls EV battery JV in US; partnership with global automaker
Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...
Jun 09, 2021 (Gmt+09:00)
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Global F&B industry
Korea’s bakery franchises target Southeast Asia for growth opportunities
South Korea’s two leading bakery franchise companies are expanding aggressively in Southeast Asia.SPC Group, the operator of Korea’s lar...
Jun 09, 2021 (Gmt+09:00)
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Quantum computing
Korean telecom firms expand commercial use of quantum cryptography
The imminent advent of quantum computers is posing an online security risk. Quantum computers, unlike the binary computers in common use today, can ...
Jun 09, 2021 (Gmt+09:00)
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Korean startups
Naver-invested startups' combined valuation increases sixfold; tops $1 bn
The combined valuation of some 70 tech startups that received funding from the platform giant Naver Corp. has reached around 1.3 trillion won ...
Jun 09, 2021 (Gmt+09:00)
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Korea's unicorn makers
KB Investment CEO says VC boom shouldn't be dismissed as mere bubble
South Korea-based venture capital firms are likely to see rankings shift once the glory days of lucrative exits in a liquidity-driven market are gon...
Jun 08, 2021 (Gmt+09:00)
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The Deep Dive
Behind Korea’s bizarre 'open run' race for Chanel bags
In South Korea today, running has become an increasing part of everyday life, particularly at a place where you would least expect to see a large gr...
Jun 08, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution applies for IPO seen to raise over $9 bn
LG Energy Solution Ltd. has begun the official process of South Korea’s largest-ever initial public offering that is expected to raise over 10...
Jun 08, 2021 (Gmt+09:00)
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