annual sales target
Scope
Date
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Insurance
US insurer Cigna to put Korean life insurance arm up for sale
The US life insurance group Cigna has recently decided to put its South Korean insurance unit on the market and hired Goldman Sachs as the sale manage...
Jul 24, 2020 (Gmt+09:00)
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Shareholder activism
Local activist fund KCGI opposes Korean Air's sale of in-flight businesses
Korea Corporate Governance Improvement (KCGI), a local activist private equity fund, is unhappy with Korean Air Lines Co. Ltd's decision to sell ...
Jul 17, 2020 (Gmt+09:00)
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Debt
Export-Import Bank of Korea ups Aussie bond sale size to $460 mn on demand
The Export-Import Bank of Korea (KEXIM) has nearly doubled the size of its planned new bond sale in Australia to A$700 million ($460 million) on stron...
May 20, 2020 (Gmt+09:00)
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Korean Air
Korean Air to raise $817 mn in rights issue; in talks with PEFs on asset sales
Korean Air Lines Co. Ltd. unveiled its largest rights offering plan on May 13 to raise 1 trillion won ($817 million) for debt repayment, after it open...
May 13, 2020 (Gmt+09:00)
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M&A
eBay puts South Korean unit up for sale in $4 bn deal
eBay Inc. has decided to sell 100% of its South Korean operations which it valued at about 5 trillion won ($4 billion), the latest in a series of reor...
Mar 04, 2020 (Gmt+09:00)
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Sale of Korean game firm cancelled in lack of strategic buyers
The planned sale of the parent company of South Korea’s biggest online gaming firm Nexon Co. Ltd., was abruptly cancelled after it failed to narrow th...
Jun 26, 2019 (Gmt+09:00)
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PGIM to secure $60 mn from Seoul office sale to Keppel
PGIM Inc., the asset management arm of US-based Prudential Financial Inc., is set to pocket about 70 billion won ($60 million) in capital gains from i...
Apr 28, 2019 (Gmt+09:00)
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KIC reaps $48 mn from London office building sale
Korea Investment Corporation (KIC) has secured 37 million pounds ($48 million) in proceeds from the recent 107 million-pound sale of a London office b...
Jan 23, 2019 (Gmt+09:00)
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Unison Capital puts bubble tea franchise Gong Cha up for sale
Private equity firm Unison Capital Inc. has put bubble tea franchise Gong Cha on the market, a deal estimated at up to $442 million, as the South Kore...
Jan 23, 2019 (Gmt+09:00)
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Korean REIT nets $31 mn from Tokyo property stake sale
JR AMC Co. Ltd., a real estate investment trust manager in South Korea, has recently disposed of its stake in a luxury office building in central Toky...
Jan 11, 2019 (Gmt+09:00)
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Meritz Sec nets $42 mn from uncompleted Zalando office sale
Meritz Securities Co. Ltd. has reaped 37 million euros ($42 million) in proceeds from a recent sale of a new headquarters of German online retailer Za...
Nov 22, 2018 (Gmt+09:00)
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Vietnam’s Vingroup raises $400 mn from new stock sale to Hanwha Asset
Vingroup JSC, Vietnam’s largest conglomerate, has issued convertible preferred shares to raise $400 million in a private placement to South Korea’s Ha...
Aug 23, 2018 (Gmt+09:00)
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Hanwha insurance arms net $75 mn from City of London property sale
Two insurance units of South Korea’s Hanwha Group have earned about £57.4 million ($75 million) in capital gains from its £159.2 million investment in...
Jun 28, 2018 (Gmt+09:00)
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[ASK 2018 SUMMIT] KIC targets SME lending and Asian PE deals
Korea Investment Cooperation (KIC) is zooming in on lending to small to medium-sized companies and targets Asian private equity deals in pursuit of mi...
May 30, 2018 (Gmt+09:00)
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Korean fund set to log double-digit return from sale of German tower
South Korean institutional investors, including the Teachers’ Pension and insurance companies, are set to reap a profit of more than €106 million ($12...
May 23, 2018 (Gmt+09:00)
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[ASK 2017 SUMMIT Panel Talks] KIC, Korea Post see no target return cuts
Korea Investment Corporation (KIC) and Korea Post are not considering lowering targeted returns of their global real estate and infrastructure portfol...
Oct 31, 2017 (Gmt+09:00)
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Carlyle to consolidate Seoul office, putting ADT Korea back up for sale
The Carlyle Group will consolidate its South Korean operations divided into buyout and growth capital units by combining them, after the three-men gro...
Jul 18, 2017 (Gmt+09:00)
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POBA completes $300 mn Europe property deals via SMA, shy of target
The Public Officials Benefit Association (POBA) has completed three office building purchases for around 330 billion won ($293 million) in Europe thro...
May 24, 2017 (Gmt+09:00)
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[Interview] Hanwha Life targets senior secured debt; sees $1 bn net growth in 2017 alternative asset
Hanwha Life Insurance Co. Ltd., which manages 100 trillion won ($87 billion) of assets, will chase senior secured debts of commercial buildings in dev...
Feb 14, 2017 (Gmt+09:00)
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Samsung’s property fund reaps $84 mn profit from sale of London office building
A real estate fund of South Korea’s Samsung SRA Asset Management Co. Ltd. has secured 100 billion won ($84 million) in capital gains from the sale of ...
Jan 20, 2017 (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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MBK Partners closes $4.1 bn fund, above funding target; NPS opts out
Asia’s biggest private equity firm, MBK Partners, has raised $4.1 billion for its fourth fund, exceeding the target of $3.5 billion and more than ...
Dec 07, 2016 (Gmt+09:00)
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Korean funds cut 2017 return targets; keen on infrastructure, mezzanine debt: report
The Korean Teachers’ Credit Union (KTCU), the Military Mutual Aid Association (MMAA) and three other major South Korean savings funds have trimmed the...
Dec 06, 2016 (Gmt+09:00)
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Europe banks return to Korean brokerage market; target debt, alternative products
A growing asset size of South Korean institutional investors and soaring demand for overseas alternative assets have been prodding foreign banks, incl...
Sep 30, 2016 (Gmt+09:00)
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Blackstone’s property loan fund raises $900 mn in Korea, beating funding target
Blackstone, the world’s largest real estate investment firm, has attracted 1 trillion won ($900 million) from South Korean institutional investors for...
Aug 25, 2016 (Gmt+09:00)
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ABCP issues backed by Chinese bank deposits seen to top corporate bond sales in Korea
South Korean pension and savings funds are piling into short-term notes backed by time deposits at Chinese banks, lured by higher deposit rates from C...
Aug 08, 2016 (Gmt+09:00)
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KIC posts worst annual return in 4 years, hit by strong dollar
- Sluggish equities and bond markets, firmer dollar dent 2015 returns - Traditional assets outperform benchmark offered by finance ministry and BOK...
May 23, 2016 (Gmt+09:00)
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Mergers & Acquisitions
KDB seeks to sell $2.3 bn CBs in HMM to lay groundwork for stake sale
The state-run Korea Development Bank (KDB) is seeking to sell 2.6 trillion won ($2.3 billion) in perpetual convertible bonds issued by HMM Co., the co...
1 MINUTES AGO
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Tech, Media & Telecom
S.Korea to allocate 70% of annual R&D budget to 11 core tech areas
The South Korean government plans to allocate 70% of its annual R&D budget to 40 projects for research and development in 11 core industrial...
1 MINUTES AGO
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Samsung’s foundry business sales proportions
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1 MINUTES AGO
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