PIF

Entertainment Kakao Entertainment sheds loss-making units, revives IPO prospects

Kakao Entertainment Corp. has been divesting unprofitable music labels and digital content platforms, which it has gobbled up over the past few year...

Tech, Media & Telecom AhnLab to form joint venture with Saudi SITE

AhnLab Inc., South Korea's information security solutions company, announced on Monday that it signed an agreement to establish a joint venture (JV)...

Tech, Media & Telecom Naver, PIF-backed JV join hands for Saudi Arabia’s smart cities

South Korean online portal giant Naver Corp. is planning to accelerate Saudi Arabia’s digital transformation in partnership with a tech firm b...

Automobiles Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Sovereign wealth funds Aramco, PIF chief to meet key South Korean figures this week

Yasir Othman Al-Rumayyan, chairman of the world’s top oil company Saudi Arabian Oil Co. (Aramco) and governor of the kingdom’s sovereign...

Mergers & Acquisitions HYBE loses 1st battle against Kakao for SM Entertainment

South Korea’s HYBE Co. lost its first battle against dominant local mobile platform Kakao Corp. over SM Entertainment Co. as the label behind ...

Pre-IPOs PIF, GIC to invest $964 mn in Korea's Kakao Entertainment

Saudi Arabia’s Public Investment Fund (PIF) and Singapore’s sovereign wealth fund GIC have agreed to invest a combined $964 million in K...

Batteries SK On's $4 bn funding draws PE giants, GIC, Saudi PIF

BlackRock, Blackstone, Singapore's GIC and Saudi's Public Investment Fund (PIF) are among the preliminary bidders for shares worth up to $4.2 billio...

Korean games Saudi sovereign wealth fund buys 5% stake in Nexon

  Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) has bought a 5% stake in online game developer Nexon Co., the gaming...