equity stake
Scope
Date
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Waste management
KKR buys $386 mn stake in Korean sewage disposal firm
KKR & Co. has purchased a combined 440.8 billion won ($386 million) worth of shares in TSK Corp., a leading South Korean sewage and wastewater tre...
Oct 19, 2020 (Gmt+09:00)
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Pension funds
[Q&A] KTCU sees handsome returns from equities, M&A funding
The following is the full transcript of The Korea Economic Daily's interview with Korean Teachers’ Credit Union’s (KTCU) Chief Investment ...
Oct 13, 2020 (Gmt+09:00)
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Interview
Korean teachers’ fund keen on equities, M&A deals
The Korean Teachers’ Credit Union (KTCU), a $29 billion savings fund, will increase its exposure to equities markets and M&A financing deals...
Oct 13, 2020 (Gmt+09:00)
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M&As
Shinhan seeks to acquire stake in JV with BNP Paribas in split move
Shinhan Financial Group is seeking to acquire a stake held by BNP Paribas in a joint venture in what is widely seen as the South Korean holding compan...
Oct 06, 2020 (Gmt+09:00)
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M&As
Doosan Infracore to issue $85.4 mn in bonds; stake sale bidding now Sept. 28
Doosan Infracore Co., South Korea’s top construction equipment maker, plans to sell 100 billion won ($85.4 million) in corporate bonds to raise ...
Sep 25, 2020 (Gmt+09:00)
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Pension fund
Korean pensions sell off net $2.6 bn in domestic equities since August
South Korea’s pension funds including the National Pension Service sold off a net 3.12 trillion won ($2.6 billion) worth of domestic equities fr...
Sep 15, 2020 (Gmt+09:00)
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M&A
Korea state agency to sell up to 10% Woori Financial stake in block deal
The Korea Deposit Insurance Corp. (KDIC) has resumed the ongoing sale process of its 17.25% stake in Woori Financial Group in four years. It will offe...
Sep 07, 2020 (Gmt+09:00)
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Rights offering
Affinity Equity, Baring PEA tipped to invest $1 bn in Shinhan Financial
Affinity Equity Partners and Baring Private Equity Asia will likely invest a combined 1.2 trillion won ($1 billion) in new shares of Shinhan Financial...
Sep 04, 2020 (Gmt+09:00)
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Corporate governance
Samsung Life shares rally as governance issue looms on likely stake sale
Shares of South Korea’s largest life insurer, Samsung Life Insurance Co., have rallied in recent sessions on expectations that the company will ...
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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Banks
Kookmin gains foothold in Indonesia after bumping up stake in local bank
Kookmin Bank has increased its stake in Bank Bukopin to become the largest shareholder in the medium-sized Indonesian lender, as it works to boost its...
Aug 26, 2020 (Gmt+09:00)
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Korean Air
Korean Air seals $835 mn in-flight business sale to private equity firm
Korean Air Lines Co. Ltd. signed a definitive agreement on August 25 to sell its in-flight duty-free and meal service business to South Korea’s ...
Aug 25, 2020 (Gmt+09:00)
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M&A
Insurance giant AXA seeks buyers for a 100% stake in Korean AXA General
AXA, a French multinational insurance group, is keen to sell a 100% stake in its South Korean operation, AXA General Insurance Co., according to indus...
Aug 19, 2020 (Gmt+09:00)
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M&A
Hanwha taps into ESS business by acquiring 100% stake in US-based Geli
Hanwha Q CELLS has acquired a 100% stake in the energy software company Growing Energy Labs, Inc (Geli) in a move to step up its energy business in th...
Aug 08, 2020 (Gmt+09:00)
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M&A
Hanwha loses to Chevron in a bid to acquire 50% stake in US-based ethane cracker
Hanwha Group has lost to US-based chemical company Chevron Phillips in a bid to acquire a 50% stake in global chemical company Sasol’s...
Aug 06, 2020 (Gmt+09:00)
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Ardian
Ardian looking to expand Asia private equity investment
Paris-based Ardian is looking to increase private equity investments in Asia, setting its sight on technology, media, online service and healthcare se...
Jul 15, 2020 (Gmt+09:00)
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M&A
Shinsegae International acquires a 100% stake in high-end cosmetics brand Swiss Perfection
Korean fashion and beauty business Shinsegae International Co., Ltd has acquired a 100% stake in Swiss Perfection, a high-end cosmetics brand ba...
Jul 14, 2020 (Gmt+09:00)
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Private equity
KIC forms $400 mn joint venture with NongHyup for private equity co-investment
Korea Investment Corporation (KIC) has announced a $400 million joint venture with NongHyup, or the National Agricultural Cooperative Federation, to...
Jul 13, 2020 (Gmt+09:00)
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Private equity
One Equity Partners fully exits from Celltrion with $1.8 bn in proceeds
One Equity Partners (OEP), a New York based private equity firm, unloaded its remaining shares in Celltrion Healthcare valued at approximately 31...
Jul 07, 2020 (Gmt+09:00)
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Sovereign wealth fund
KIC promotes private equity head to lead alternative investment
Korea Investment Corporation (KIC) has appointed private equity head James Jongho Kim as alternative investment group head and deputy chief investment...
Jun 30, 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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Hedge fund
NPS adds Select Equity to single-manager hedge fund roster in Q1
New York-based Select Equity Group joined the roster of the National Pension Service’s (NPS) global alternative investment companies as a single...
Jun 03, 2020 (Gmt+09:00)
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Asset allocation
NPS to ramp up global equities exposure over next 5 years
The National Pension Service (NPS) will continue to raise exposure to global equities over the next five years, despite concerns about the impact of t...
May 21, 2020 (Gmt+09:00)
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Alternative investment
Pension funds eye bargains in equities and bonds; alternatives on hold
A number of South Korean pension funds are looking to hunt for bargains in the battered equity and bond markets, while postponing investment in infras...
Mar 30, 2020 (Gmt+09:00)
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Markets
Equity-linked securities weigh on top Korean brokerage firms
About 48 trillion won ($39 billion) of outstanding equity-linked securities (ELS) issued by South Korean brokerage companies has put their sector lead...
Mar 25, 2020 (Gmt+09:00)
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Private equity
Anchor Equity Partners invests $170 mn in Korean entertainment firm
Anchor Equity Partners has invested 209.8 billion won ($170 million) in South Korea’s content and entertainment company Kakao M Corp., just afte...
Mar 17, 2020 (Gmt+09:00)
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Pension fund
NPS' 2019 investment return at 10-yr high on equities, fixed incomes
The National Pension Service (NPS) reported a preliminary 11% return on investments in 2019, its best annual result in a decade, supported by double-d...
Feb 12, 2020 (Gmt+09:00)
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M&A
NH, Shinhan fund Helsinki office complex purchase with $210 mn equity
NH Investment & Securities Co. Ltd. and Shinhan Investment Corp. have underwritten about 250 billion won ($210 million) in equity to fund the 480 ...
Feb 04, 2020 (Gmt+09:00)
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Alternative investment
IMM Investment buys stake in Texas Express Pipeline in $1 bn co-investment
South Korea’s IMM Investment Corp. has agreed to buy a 35% stake in Texas Express Pipeline, a joint venture for natural gas liquids transportati...
Dec 23, 2019 (Gmt+09:00)
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Private equity
Macquarie buys $800 mn stake in LG Group’s IT firm
Macquarie’s South Korean unit signed a definitive agreement on Dec. 6 to buy a non-controlling stake in LG CNS Co. Ltd., an IT services arm of L...
Dec 07, 2019 (Gmt+09:00)