Specific Post Office Pension Service Agency
Scope
Date
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Logistics
Hyundai Glovis forms Thailand JV to expand SE Asia biz
South Korea’s Hyundai Glovis Co. set up a logistics joint venture in Thailand to expand its business in Southeast Asia.The logistics unit of S...
May 19, 2022 (Gmt+09:00)
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Korean startups
HR startups outwit job posting sites for IT workers
The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...
May 19, 2022 (Gmt+09:00)
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ASK 2022
Teachers' Pension eyes direct lending, PE with low leverage
Teachers’ Pension (TP) of South Korea will increase exposure to its overseas alternative assets, its Chief Investment Officer Lee Kyu-hong sai...
May 19, 2022 (Gmt+09:00)
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Metaverse
LG Uplus eyes metaverse niches for office workers, kids
South Korea’s LG Uplus Corp. will target specific groups of customers such as office workers and preschoolers for its metaverse platforms, set...
May 18, 2022 (Gmt+09:00)
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IPOs
LG CNS sees record-high revenue, operating profit in Q1
In the first three months of this year, LG CNS had the best performing first quarter in its history. The LG Corp. subsidiary set records for both re...
May 16, 2022 (Gmt+09:00)
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Private equity
LB Private Equity posts 65% return via secondary, mezzanine
LB Private Equity Inc., a South Korean PE firm specializing in secondary and buyout investments, has liquidated its 120 billion won ($93.4 million) ...
May 16, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator D.Camp opens Busan office
For the first time, South Korea’s startup accelerator D.Camp has opened an office in the port city of Busan. The joint effort between D...
May 16, 2022 (Gmt+09:00)
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Real estate
KB Asset buys Belgian office towers for $654 million
KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisition of North Galaxy...
May 13, 2022 (Gmt+09:00)
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Private equity
SK Square taps NPS PE expert as global investment head
South Korea’s investment firm SK Square Co. announced on Thursday that it has chosen Harvey Hakjin Bae, a former alternative investment expert...
May 12, 2022 (Gmt+09:00)
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Pension funds
NPS hits jackpot with fourth-tallest skyscraper in NYC
New York City boasts the world’s most dazzling skylines and urban night views, attracting a number of global tourists to its observatories.The...
May 09, 2022 (Gmt+09:00)
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Retail
GS Retail shares tumble as new services widen losses
Shares in South Korea's GS Retail Co. suffered their worst percentage fall in nearly five years on May 6, after the convenience store operator's fir...
May 08, 2022 (Gmt+09:00)
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Metaverse
SKT, SK Square invests $40 mn in Korea metaverse game firm
South Korea’s top mobile carrier SK Telecom Co. and its spin-off SK Square Co. have together invested 50 billion won ($40 million) into a loca...
May 06, 2022 (Gmt+09:00)
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Korean stock market
Leisure, airline stocks to shine as Japan sets to ease travel curbs
South Korea’s travel and airline stocks are expected to shine as Japan plans to ease its border controls in June. Korea’s Shinhan Inve...
May 06, 2022 (Gmt+09:00)
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Automobiles
Genesis posts sales growth in US as other auto brands suffer
Hyundai Motor Co. said on Wednesday its premium Genesis brand saw its US car sales considerably grow in April when all other major carmakers reporte...
May 04, 2022 (Gmt+09:00)
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Real estate
NH-Amundi sells Yuanta's Seoul office to Capstone for $242 bn
South Korea’s NH-Amundi Asset Management Co. said on Monday that it completed selling Yuanta Securities Co.’s Korean headquarters to C...
May 03, 2022 (Gmt+09:00)
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Banking & Finance
Shinhan to boost Vietnam digital services with Tiki
South Korea's Shinhan Financial Group has picked Vietnam’s e-commerce startup Tiki as its first strategic partner in the Southeast Asian count...
May 02, 2022 (Gmt+09:00)
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Economy
Korea consumption, facility investment down in March
South Korea’s consumption and capital expenditures fell last month although production rebounded, government data showed, indicating the momen...
Apr 29, 2022 (Gmt+09:00)
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Earnings
Amorepacific delivers disappointing Q1 results as China sales slump
South Korea’s cosmetics giant Amorepacific Corp. on Thursday posted disappointing first-quarter sales and operating profit as revenue from Chi...
Apr 28, 2022 (Gmt+09:00)
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Private equity
Blackstone taps ex-Citibank Korea CEO as Seoul office head
The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...
Apr 27, 2022 (Gmt+09:00)
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Earnings
SK Hynix posts record Q1 sales buoyed by Solidigm, may build another fab
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it is considering building another chip fabrication line after p...
Apr 27, 2022 (Gmt+09:00)
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Real estate
Office deals in Seoul, Bundang surge 45% on-year in Q1
The office building deals in Seoul and neighboring Bundang Business District (BBD) reached 3.1 trillion won ($2.5 billion) during the first quarte...
Apr 27, 2022 (Gmt+09:00)
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Earnings
Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook
South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...
Apr 25, 2022 (Gmt+09:00)
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RFPs
Korea Post to tap two GPs for global ESG bond ETFs
Korea Post, South Korea's state-run postal service agency, said on April 21 that its insurance arm will select a maximum of two asset managers for...
Apr 22, 2022 (Gmt+09:00)
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Private equity
Affinity Equity to refinance Serveone to recoup investment
Affinity Equity Partners is in the process of raising 700 billion won ($565 million) to recapitalize South Korea's Serveone Co. in an attempt to rec...
Apr 22, 2022 (Gmt+09:00)
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Mergers & Acquisitions
COVID test kit maker SD Biosensor buys Italian medical device firm
SD Biosensor Inc., South Korea’s top manufacturer of COVID-19 test kits, said on Friday that it has signed a deal to purchase a 100% stake i...
Apr 22, 2022 (Gmt+09:00)
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Business & Politics
Korea’s Yoon govt to raise nuclear power to 34% of energy source
South Korea’s incoming government plans to extend the service life of eight more nuclear power plants than originally planned as President-ele...
Apr 21, 2022 (Gmt+09:00)
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Robotics
KT showcases AI-powered robots, traffic control program at tech fair
KT Corp., a major South Korean telecommunications company, unveiled its new digital transformation services using artificial intelligence, big data ...
Apr 20, 2022 (Gmt+09:00)
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Pension funds
NPS’ shareholder meeting vetoes cast pall on its profitability
National Pension Service (NPS) of South Korea, the world's third-largest pension fund with 948.7 trillion won ($768.9 billion) in assets under man...
Apr 20, 2022 (Gmt+09:00)
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Korean Investors
Koreans poised to be India's first non-resident direct stock buyers
South Korean individuals are likely to become the first non-resident direct stock investors in India, after the South Asian country lifted the ceili...
Apr 19, 2022 (Gmt+09:00)
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Corporate governance
Global pension funds veto more of Korean firms' agendas
Global pension funds are expanding their influence as key shareholders of major companies in South Korea. Some of the world’s largest pensio...
Apr 19, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer