hanwha fund manager reshuffle
Scope
Date
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IPOs
Hyundai Heavy hires Korea Investment, 4 others as IPO managers
South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...
Mar 02, 2021 (Gmt+09:00)
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Pension funds
NPS adds APG, IFM Investors, Thoma Bravo as managers in Q4
The National Pension Service (NPS) has entrusted funds to three overseas alternative investment firms newly hired in the fourth quarter of last year...
Mar 01, 2021 (Gmt+09:00)
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Leadership & Management
Hanwha Group leader Kim Seung-youn returns to management
Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...
Feb 26, 2021 (Gmt+09:00)
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Shareholder activism
US hedge fund Whitebox Advisors says to vote against LG’s planned spin-off
US-based hedge fund Whitebox Advisors LLC plans to vote against the proposed spin-off of South Korea’s LG Corp. at the upcoming general meetin...
Feb 25, 2021 (Gmt+09:00)
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Alternative investments
Yellow Umbrella Mutual to deploy $135 mn to blind pool funds in 2021
South Korea's Yellow Umbrella Mutual Aid Fund will commit about 120 billion to 150 billion won ($108 million-$135 million) to blind pool funds of ve...
Feb 23, 2021 (Gmt+09:00)
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Alternative investments
NPS makes first investment in timberland via UK fund
The National Pension Service has committed $150 million to London-based Stafford Capital Partners in its first investment in timberland, land availa...
Feb 18, 2021 (Gmt+09:00)
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Debt financing
Coupang likely to get $1 bn credit line from IPO managers
South Korea’s online retailer Coupang Corp. is looking to secure a credit line of up to $1 billion from the underwriters of its US initial pub...
Feb 17, 2021 (Gmt+09:00)
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Capital raising
Hanwha Solutions to sell $1.3 bn new shares in clean energy push
Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...
Feb 15, 2021 (Gmt+09:00)
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Energy
LG, SK, Hanwha accelerate shift to renewable energy with push for RE100
Following in the footsteps of SK Group, which last year declared that it will switch to renewable energy for plant operations, a number of South Kor...
Feb 10, 2021 (Gmt+09:00)
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Alternative investments
Korean banks fund alternative deals with $540 mn loans via KIC
South Korean banks have offered a combined $540 million in syndicated loans to fund overseas alternative investments, in which Korea Investment Corp...
Feb 09, 2021 (Gmt+09:00)
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Pension funds
Korean pension funds on over 1-month Kospi selling streak
The National Pension Service and other South Korean pension funds have offloaded a net 9.9 trillion won ($8.9 billion) worth of shares on the countr...
Feb 04, 2021 (Gmt+09:00)
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Pandemic relief funds
Long-term treasury yields surge on talk of new relief fund
The ruling Democratic Party’s push to hand out "a substantial amount" of new relief money has rattled the South Korean debt market, sending lo...
Feb 03, 2021 (Gmt+09:00)
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Future mobility
Hyundai, KDB launch fund to foster mobility startups
Hyundai Motor Group and Korea Development Bank have decided to create a 74.5 billion won ($67 million) fund to invest in startups that offer future ...
Feb 01, 2021 (Gmt+09:00)
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Korean startups
Korea’s top online flea market set to raise $180 mn in funding
Danggeun Market Inc., South Korea’s largest online flea market operator, is poised to raise up to 200 billion won ($180 million) in fresh fund...
Feb 01, 2021 (Gmt+09:00)
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IPOs
LG Energy Solution hires Morgan Stanley, KB Securities as lead IPO managers
South Korea-based LG Energy Solution has hired KB Securities and Morgan Stanley as the lead managers for its initial public offering, which is antic...
Jan 28, 2021 (Gmt+09:00)
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Investment Fund
SK, China’s Geely eye investment fund for hydrogen, eco-friendly business
South Korea’s SK Holdings Co. and China’s Geely Auto Group are looking to set up a joint fund designed to invest in hydrogen and other e...
Jan 27, 2021 (Gmt+09:00)
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Private equity
NPS to invest in Silver Lake’s $20 bn tech fund
The National Pension Service has decided to invest in a $20 billion technology fund that Silicon Valley-based Silver Lake Partners recently closed, ...
Jan 26, 2021 (Gmt+09:00)
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Alternative investments
Korean LPs pick their 44 favorite alternative managers
Canada-based Brookfield was chosen as the best global asset manager for both real estate and infrastructure investments by South Korea’s pension...
Jan 21, 2021 (Gmt+09:00)
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Airlines
Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts
Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...
Jan 19, 2021 (Gmt+09:00)
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Alternative investments
Meritz Alternative commits $150 mn to US multifamily fund
South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...
Jan 18, 2021 (Gmt+09:00)
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Energy
Total, Hanwha to set up JV for $1.8 bn US solar expansion
French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage ce...
Jan 15, 2021 (Gmt+09:00)
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Alternative investments
KKR’s Asia real estate fund draws around $400 mn from Korea
South Korean institutional investors, including the National Pension Service, have committed around $400 million to KKR’s Asia real estate f...
Jan 14, 2021 (Gmt+09:00)
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Aerospace & Defense
Hanwha to buy controlling stake in Korean satellite maker
Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 bill...
Jan 14, 2021 (Gmt+09:00)
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Alternative investments
KKR’s $3.9 bn Asia infra fund raises $130 mn from Korea
The Korean Teachers’ Credit Union (KTCU) and financial services firms in South Korea have committed $130 million to KKR & Co.’s inau...
Jan 11, 2021 (Gmt+09:00)
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Pension funds
NPS commits $450 mn to Stonepeak, Macquarie infra funds
The National Pension Service has committed a total of $450 million to two North America-focused funds launched by Stonepeak Infrastructure Partners ...
Jan 11, 2021 (Gmt+09:00)
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Korean startups
Satellite launcher startup raises over $7 mn in Series A funding
South Korea's Innospace Co., which develops launch systems to carry small satellites into space, is set to complete its Series A funding round of ...
Jan 11, 2021 (Gmt+09:00)
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RFPs
Yellow Umbrella Mutual seeks Korea's bond managers for $550 mn mandate
The Yellow Umbrella Mutual Aid Fund, a $12 billion savings arm for South Korea’s small business owners, is looking to mandate four domestic fi...
Jan 08, 2021 (Gmt+09:00)
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ESG
Samsung Elec steps up efforts for river management
Semiconductor manufacturing plants use an enormous amount of water, earning the semiconductor industry the nickname of "a thirsty business." Samsung...
Jan 05, 2021 (Gmt+09:00)
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Venture capital
S.Korea to back $18 bn domestic VC fund plan by 2025
The South Korean government will inject 1 trillion won ($924 million) into homegrown venture capital funds this year, with a plan to launch three VC...
Jan 04, 2021 (Gmt+09:00)
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Hydrogen economy
Hanwha Solutions acquires US hydrogen tank maker Cimarron, to invest $100 mn
Hanwha Solutions Corp. has acquired a 100% stake in Cimarron Composites LLC, a US hydrogen storage tank manufacturer, as the South Korean energy sol...
Dec 28, 2020 (Gmt+09:00)
Latest News
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- 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