Nuri 3
Scope
Date
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Overseas orders
Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique
Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...
Dec 24, 2020 (Gmt+09:00)
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Alternative investments
NPS-Allianz $2.3 bn fund seeks to buy stake in Singapore tower
The National Pension Service and Germany’s Allianz SE are in negotiations to jointly buy a 50% stake in OUE Bayfront, a Grade A office t...
Dec 09, 2020 (Gmt+09:00)
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Earnings
J.P. Morgan lifts 2021 Kospi target to 3,200
Global investment firm J.P. Morgan projects South Korea’s benchmark Kospi will climb to 3,200 next year, up nearly 18% from the current 2,72...
Dec 09, 2020 (Gmt+09:00)
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Korean games
S.Korean games, entertainment eye China return after 3-year ban
South Korea's game and entertainment companies saw their share prices surge on rising expectations of a return to the Chinese market after a Korea...
Dec 04, 2020 (Gmt+09:00)
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IPOs
SK Bioscience begins listing process; enterprise value near $3 bn
South Korea’s SK Bioscience Co., set to enter clinical trials for its COVID-19 vaccine candidates, is expected to list on the Seoul main bours...
Dec 03, 2020 (Gmt+09:00)
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Batteries
SK Innovation opens 2nd China battery plant, eyes world’s top 3 spot
SK Innovation Co. has begun operating its second electric vehicle battery plant in China as the South Korean company expands its presence in the wor...
Nov 25, 2020 (Gmt+09:00)
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Markets
Samsung shares hit historic high as foreign investors scoop up net $2.3 bn
Samsung Electronics Co. shares have soared to a historic high, driven by foreign investors scooping up a total net 2.6 trillion won ($2.3 billion) wor...
Nov 13, 2020 (Gmt+09:00)
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Markets
Foreign investors shift from growth stocks to net buy $3.5 bn in cyclicals
South Korea's stock market is seeing a shift in buying trends from foreign investors who are increasingly beefing up investments in cyclical stocks wh...
Nov 13, 2020 (Gmt+09:00)
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Construction order
Samsung Engineering wins biggest-ever $3.6 bn deal; shares surge
Samsung Engineering Co., a construction arm of Samsung Group, has clinched a 4.1 trillion won ($3.6 billion) deal to build part of a refinery facility...
Oct 30, 2020 (Gmt+09:00)
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Infrastructure fund
KKR’s $3 bn Asia infra fund to raise $200 mn from Korea
South Korean pension funds and insurance companies will commit $200 million in aggregate to KKR’s first Asia infrastructure fund targeting to ra...
Oct 27, 2020 (Gmt+09:00)
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Outbound investments
South Korea's real estate FDI climbs 7.3% in Q2
South Korea's outbound direct investment in real estate continued to grow in the second quarter, up 7.3% year on year, despite sharp falls in the...
Sep 18, 2020 (Gmt+09:00)
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Entertainment
Studio Dragon sets sights overseas, $3.4 bn market cap possible: analyst
South Korea’s leading drama producer Studio Dragon Corp. is expected to post handsome earnings in coming years, boosted by a steady stream of jo...
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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Kakao Games
Kakao Games raises whopping $49.3 bn in subscriptions fueling IPO hype
Kakao Games Corp. has set a fresh record raising over 58.6 trillion won ($49.3 billion) in deposits during its two-day public subscription on Sep...
Sep 02, 2020 (Gmt+09:00)
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Tech
Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake
Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...
Aug 29, 2020 (Gmt+09:00)
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Central bank
Bank of Korea sees 2020 GDP contract 1.3%; keeps base rate on hold
The Bank of Korea revised down its 2020 growth forecast for the South Korean economy to a negative 1.3% from the previous 0.2% contraction on August 2...
Aug 27, 2020 (Gmt+09:00)
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Markets
South Korea’s inflation rate turns higher for first time in 3 months in July
South Korea's headline inflation edged up for the first time in three months in July amid signs of a recovery in consumer sentiment, but still remaine...
Aug 04, 2020 (Gmt+09:00)
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Pension fund
NPS and Allianz to set up $2.3 bn Asian property fund
The National Pension Service (NPS) is to launch a $2.3 billion property fund with Germany’s Allianz SE to invest in core real estate in Asia, wi...
Jun 29, 2020 (Gmt+09:00)
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Oil
NH Investment joins in $10.1 bn Abu Dhabi deal for $1.3 bn stake
NH Investment & Securities Co. Ltd. will invest about 1.6 trillion won ($1.3 billion) in Abu Dhabi National Oil Company’s (ADNOC) gas pipeli...
Jun 24, 2020 (Gmt+09:00)
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Logistics
POBA, PFA, Patrizia co-invest in Europe’s $1.3 bn logistics portfolio
The Public Officials Benefit Association (POBA), Danish pension fund PFA and real estate investment firm Patrizia AG have co-invested 800 billion won ...
Dec 12, 2019 (Gmt+09:00)
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Asset allocation
KFCC to allocate $6 bn to alternative investment blind funds for next 3 yrs
MG Korean Federation of Community Credit Cooperatives (KFCC) will allocate a total of 7 trillion won ($6 billion) to alternative investment blind-pool...
Dec 04, 2019 (Gmt+09:00)
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[Interview] Korea military fund aims to cash in $700 mn bad assets within 3 yrs
The Military Mutual Aid Association (MMAA) will liquidate half of its 1.6 trillion won ($1.4 billion) worth of non-performing assets by early 2021 and...
Oct 09, 2018 (Gmt+09:00)
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EQT to raise $70 mn from two Korean funds for $2.3 bn credit fund: report
Swedish private equity firm EQT Partners is gathering €60 million ($70 million) from two South Korean retirement funds and seeking to raise an additio...
Aug 02, 2018 (Gmt+09:00)
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Macquarie’s $2.3 bn Europe infra fund raises $405 mn from Korea
Macquarie's new European infrastructure fund, which targets a €2 billion ($2.3 billion) fundraising, has drawn €350 million ($405 million) from South ...
Jun 10, 2018 (Gmt+09:00)
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Korea Post’s savings arm targets 2-3% medium-risk assets; keen on CMBS, CLO: report
Korea Post’s Savings Bureau has been shifting overseas investment focus into relatively low-risk assets such as fixed-income assets since last year to...
Jan 12, 2017 (Gmt+09:00)
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Korea public officials’ fund sees 3-4 Europe property buys after $101 mn German deal
The Public Officials Benefit Association (POBA) has signed a final agreement to acquire a 10-story office building in the southern part of Hamburg, Ge...
Dec 20, 2016 (Gmt+09:00)
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Korea Post awards $300 mn mandates to 3 private debt managers
Korea Post’s savings arm has awarded offshore private debt mandates worth a combined $300 million to Guggenheim Partners, Park Square Capital and Part...
Nov 18, 2016 (Gmt+09:00)
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Korea Post put 1 trillion won into offshore property in past 3 yrs
Korea Post has invested a total of 998.6 billion won ($888 million) in overseas commercial buildings since 2013, the vast majority of which involved e...
Oct 14, 2016 (Gmt+09:00)
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[RFP] Korea Post seeks 3 management firms for overseas CLO investment
Korea Post’s savings unit announced a request for proposal on August 17 to select three asset management houses that will be in charge of setting up s...
Aug 17, 2016 (Gmt+09:00)
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Brookfield tipped to buy IFC Seoul for about $3 bn: CIC, NPS may join financing
Asset management firm Brookfield has made a bid “far higher than market expected” to buy a landmark in central Seoul, IFC Seoul, from the ...
Jul 18, 2016 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore